The Indian Wire » Startups » Artivatic.ai raises ₹1 crore in third round of angel funding
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Artivatic.ai raises ₹1 crore in third round of angel funding

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Artivatic.ai had earlier raised some angel funding round from Singapore and India based angel investors.

Artivatic.ai has today announced that it has raised around ₹1 crore in its third round of angel funding from Deepak Verma (Dubai) and Saurabh Chugh (Singapore). Previously, the company had raised funds from Spark10 Accelerator UK in July earlier this year.

The raised funding will be used by the company to expand customer base and strengthen its proprietaries algorithms, infrastructure and technologies.

The company was founded by Layak Singh and Puneet Tandon in October 2016. Prior to founding this company, they both had founded online dating startups ‘dateIITians’ and ‘Cogxio.com’ in July 2016, which was later shut down.

Artivatic is an Enterprise AI Platform which is built on the patterns of Genomics Science, Psychology and Neuroscience Capabilities. It aims to automate the decision-making with prediction, personalization & recommendation in real time.

It has its own propitiatory algorithms ‘connected-data-genome-mapping’ and ‘cross-sector-connected-intelligence’. The solutions are available in form of API, SDK and SaaS Platform.

The company had raised angel funding from Singapore and Indian based angel investors in February and March earlier this year. It is looking for 150 percent month-on-month growth in coming months.

For Artivatic, the focus is on BFSI & Healthcare sector to enable the machines to take automated decisions without human intervention based on neuroscience & genomic analogies.

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