Bengaluru-based Artivatic Data Labs Pvt. Ltd., has officially announced raising an undisclosed amount of funding from Spark10 Accelerator in its additional angel round. The raised funds will be used in expanding consumer base and to build the network. The company is also planning to invest this amount in strengthening its proprietaries algorithms and technologies.
The company has already filed some patents and still filing more patents. There are members working to make strong product & business team on building such innovative technologies. The company has professionals like, Jonathan Quigley, Atal Malviya and Siddhartha Dhamija in its advisory board. The software company was founded by the Alumni of IIT & NJIT, Layak Singh & Puneet Tandon in October 2016 after shutdown of their online dating startups ‘dateIITians & Cogxio.com’ in July last year.
Previously, Artivatic.ai has raised some angel funding from Singapore & Indian based angel investors. The company is also looking forward for 110% MoM Growth in coming months and eyeing to reach ₹13 Crore ($2 million) in revenue till the end of this financial year.