Local

DaveAI, A Nasscom Deeptech Club Start-up Specializing in Visual AI, raises strategic round of funding by Marquee Investors from Japan and India

Bangalore (Karnataka) [India], May 30 (ANI / NewsVoir): DaveAI, a sales intelligence platform driven by artificial intelligence avatars, has announced a strategic investment round led by Maruti Suzuki India Ltd. – India’s largest car brand, GHV – India’s first and largest joint venture innovation and creation industry. investment group for Japan, Singapore and Southeast Asia, and Hakuhodo Inc., one of the top 10 integrated marketing innovation companies worldwide. The round was also attended by existing Mumbai Angels Network investors and the IIIT Seed fund.

Speaking about investing, Sriram PH, co-founder CEO, said: “This strategic round of investment will help us meet the growing global demand for digital assisted sales experiences. our series A round to take us through the next phase of global growth. ”DaveAI was the winner of the Maruti Suzuki MAIL program, driven by GHV India’s largest mobility test bench. Maruti Suzuki, leads this round by making its first investment through the Maruti Suzuki Innovation Fund. “The investment would help MSI strengthen its customer offering by creating personalized web-based, virtual reality and augmented reality sales experiences,” the automotive principal said in a regulatory filing. DaveAI’s virtual artificial intelligence avatars drive Maruti Suzuki’s digital car buying journey through cars that offer more than a 30% increase in sales metrics.

DaveAI’s virtual avatars mimic a sales human brain along with state-of-the-art 3D visualization, which is a first-rate industry. “We are at the forefront of enabling some of the country’s largest retail banking brands to take their first step in creating immersive brand-driven immersive Metaverse experiences,” said Dr. Ananth, co-founder of DaveAI’s CTO.

DaveAI has already leveraged GHV’s digital transformation LabIndustry co-creation programs to partner with large companies in India, Southeast Asia.

According to Vikram Upadhyaya, founder of the GHV Group: “We, as GHV, are delighted to support DaveAI with additional capital, as the company has shown consistent performance in TESTPoC (C), GHV’s own risk assessment thesis. , the company aligns well with GHV’s vision to leverage deep-tech digital portfolios as part of its digital transformation framework for companies such as Maruti Suzuki.This is one of the first examples of the most successful results of the GHV-driven Maruti Suzuki MAIL program , and I’m sure there will be many more to come. “DaveAI witnessed 300% year-over-year revenue growth in 2022. The platform is leveraged by large business customers including Maruti Suzuki, Hero MotoCorp, BPCL, Landmark Group, Raymond, Karnataka Bank, etc. “Hakuhodo Inc. is very optimistic about the innovation capabilities of Indian startups. DaveAI technology will be integrated with Hakuhodo’s Advance MarTech Stack and will be available in 150 offices in 20 countries. , CEO of Hakuhodo Group’s Digital India division, AdGlobal360.

DaveAI has strong partnerships with leading technology companies such as Intel and SAP. With the incorporation of MSILHakuhodo, DaveAI is poised to build an industry-leading platform that will help create the next generation of sales experiences.

Also participating in this round were DaveAI’s existing investments, Mumbai Angels, India’s leading private investment platform with a $ 130 million AUM and a strong 200 portfolio spanning a wide range of sectors, technology startup investor IIIT Seedfund .

Speaking of DaveAI’s ability to reshape businesses, Nandini Mansinghka, co-founder of Mumbai Angels, said: DaveAl, with real-time use Analytical solutions for custom recommendations have huge potential to drive retail KPIs for businesses. maximizing the profitability of retail businesses. “Speaking of the investment, Viiveck Verma, co-founder of IIIT Seedfund said:” We have a long-standing partnership with DaveAI since its inception, when our network investors advised them how part of IIIT CIE’s Avishkar program It’s great to see that this deep technology platform is now being used by several global companies and one es makes a strategic investment. As existing investors, we are delighted to continue to support the DaveAI team as they move into the next phase of growth. “This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI / NewsVoir)

DaveAI, A Nasscom Deeptech Club Start-up Specializing in Visual AI, raises strategic round of funding by Marquee Investors from Japan and India Source link DaveAI, A Nasscom Deeptech Club Start-up Specializing in Visual AI, raises strategic round of funding by Marquee Investors from Japan and India

Related Articles

Back to top button