Artivatic Data Labs Private Limited has raised the third round of angel funding from Dubai & Singapore NRIs after raising earlier fund from Spark10 Accelerator UK in Jul 2017. The raised capital will be used in expanding customer base and strengthening its proprietaries algorithms, infrastructure and technologies.
The Startup was founded by IIT & NJIT Alumni, Layak Singh & Puneet Tandon respectively in Oct 2016 after shutdown of their earlier online dating startups ‘dateIITians & Cogxio.com’ in Jul 2016.
Artivatic is an Enterprise AI Platform, built on the patterns of Genomics Science, Psychology and Neuroscience Capabilities to automate the decision-making with prediction, personalization & recommendation in real time. Artivatic has its own propitiatory algorithms ‘connected-data-genome-mapping’ & ‘cross-sector-connected-intelligence. Artivatic technologies are available in form of API, SDK & SaaS Platform for Enterprises & Developers to build Intelligent Systems & Solutions. Currently, it focuses on Finance, Insurance, Capital Markets, Wealth Management, Banking, Healthcare, Fraud & Risk management, Diagnosis related areas.
The startup has developed many propriety algorithms technology and also filed few patents. The focus is on BFSI & Healthcare sector to enable the machines to take automated decisions without human intervention based on neuroscience & genomic analogies.
The company has finished more than 5 POCs with large clients including HUL, HCL, Capgemini, Medikoe and more. There are many large clients like banks, financial institutions & healthcare chains are in process for POC & Integration.
Artivatic has grown up to 25-member strong tech, product & business team in last 1 year. The company has Jonathan Quigley (Single Family Office, Executive Office, Hinduja Group, UK), Atal Malviya (Founder of Spark10 UK), Rahul Sood (VP, Nokia, Singapore), Saurabh Chugh (Fullerton Fund Management, Singapore) and Deepak Verma (Founder & CEO, Think Software Services, Dubai) sits on Artivatic’s Board/Advisory as well.
Artivatic.ai had earlier raised some angel funding as well form Singapore & Indian based angel investors in Feb/March 2017. The company is looking for 150% MoM Growth in coming months and target to reach US $100M in next 3 years.