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UnifyApps raises $20 Mn in Series A, appoints new co-founder

EntrackrEntrackr · 11m ago
UnifyApps raises $20 Mn in Series A, appoints new co-founder
Medial

Unified enterprise AI agent platform UnifyApps has raised $20 million in its Series A funding round, led by ICONIQ Growth, with participation from existing investors, including Elevation Capital. This latest round brings the company’s total funding to $31 million. In May, the firm raised $11 million in a seed round led by Elevation Capital. Over the past year, UnifyApps has developed a robust platform to connect and automate enterprise systems. Designed for scalability, UnifyApps integrates deeply with all the SaaS applications within an organization, allowing teams to manage all their data in one place, automate workflows, and create advanced applications using a no-code approach. UnifyApps now enables teams to build custom AI agents trained on their enterprise’s knowledge base, benefiting departments across the organization—from IT to HR to Sales. The platform offers tools for observability, compliance, and fine-tuning, ensuring that AI agents meet standards for accuracy, security, and auditability. Co-founded by Pavitar Singh, Sumeet Nandal, Abhishek Kurana, Rachit Mittal, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, and Shivam Satrawal, UnifyApps has appointed Haitham ElKhatib as the company’s new Chief Revenue Officer and co-founder. Before joining UnifyApps, ElKhatib served as the Senior Vice President of Sales for Growth Markets at Sprinklr. According to the company, it has gained significant traction with early customers, including one of the leading banks, a leading telecommunications provider, and a leading security company, amongst many others. The company has also expanded its team to over 150 employees and established new offices in Gurugram, Dubai and New York.

CleverTap co-founder Sunil Thomas returns as CEO following Sidharth Malik's departure

EntrackrEntrackr · 11m ago
CleverTap co-founder Sunil Thomas returns as CEO following Sidharth Malik's departure
Medial

CleverTap, the global customer engagement platform, has announced that Sidharth Malik has stepped down as CEO, with co-founder Sunil Thomas resuming the role. Confirming the development to Entrackr, a company spokesperson stated, “Sidharth Malik stepped down in July 2024 due to personal reasons. We are grateful for his contributions over the past three years and wish him success in his future endeavors. Sunil Thomas, CleverTap’s co-founder and executive chairman, has taken over as CEO.” Malik was appointed as the global CEO of CleverTap in 2021. Previously, he served as Chief Revenue Officer at Freshworks until October 2023, before assuming the position of chairman of Freshworks India. In the next phase of his career, Malik has joined Westbridge Capital as a SaaS advisor board member. He also continues to serve as a non-executive director on the board of Zacco India. In August 2022, CleverTap raised $105 million in a Series D financing round led by CDPQ. The company is anticipated to reach unicorn status in its next round, as it was valued at approximately $775 million during the Series D round. According to data compiled by TheKredible, over 30 Indian startups appointed or elevated new chief executive officers (CEOs) within the first 10 months of 2024. With this latest appointment, CleverTap joins the ranks of companies like Cleartrip, Zoomcar, Acko Life, DealShare, MyGate, Inshorts, Cult.fit, Third Wave Coffee, Freshworks, PhonePe International Business, Ola Financial Services, BharatPe, iD Fresh, and Setu, all of which have named new CEOs this year.

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