DaveAI, a patented, cutting-edge AI conversation experience cloud, raised growth capital led by Inflection Point Ventures and SucSEED Indovation Fund.
The growth investment round, which included a calculated mix of debt and equity, was attended by Mr Mohan Kumar, the founder of Crestere Technologies LLP, Yes Bank, and Soonicorn Ventures.
Founded in 2016 by Sriram P. H., Dr Ananth G., and Ashok, DaveAI’s GRYD platform assists companies in industries including retail, BFSI, and automotive in personalizing customer experiences and boosting sales.
By integrating the startup’s AI-powered solutions across messaging, kiosk, mobile, and internet platforms, businesses can increase engagement and conversion.
Because of its architecture, businesses may create their own fundamental enterprise models without relying on other vendors or cloud services, which helps them adjust to the rapidly changing generative AI landscape.
The funds received will be utilized by the company to enhance worldwide market penetration, establish technological leadership, and grow its partner network.
“DaveAI will use this investment to build its proprietary domain-specific Small Language Models focused on industries like Automobile, aiming for a leadership position in AI software for the industry and scaling into new markets such as North America,” said Sriram PH.
“To make a major impact in AI from India and the world, we have to invest in some fundamental technology and domain expertise. We are in line towards making this happen with this pre-series A investment round,” said Dr Ananth G.
DaveAI claims to have grown into India, the Middle East, and North America, offering cutting-edge conversational AI solutions that transform digital interactions.
Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund, said, “We have seen them grow over the years, looking at previous investments with them and with strong market validation, a scalable SaaS model, and a seasoned founding team, SucSEED sees immense potential in DaveAI’s growth trajectory.”
