Artivatic.ai has raised an undisclosed additional angel round of funding from Spark10 Accelerator. The company will use raised fund in expanding customer base, strengthening its proprietaries algorithms and technologies.
The startup was founded by IIT & NJIT Alumni, Layak Singh & Puneet Tandon respectively in Oct 2016 after they shut down their earlier online dating startups ‘dateIITians & Cogxio.com’ in July 2016. Earlier, it has raised some angel funding from Singapore & Indian based angel investors.
The Enterprise AI Platform is built on the patterns of Genomics Science, Psychology and Neuroscience Capabilities to automate the decision making with prediction, personalization & recommendation in real time. It 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 company is doing multiple POCs (proof of concepts) with more than 5, Fortune 500 clients and dozens of clients are in pipeline. It has already filed some patents and in process of filing more patents too. There are 20-member strong product & business team on building such innovative technologies. The company has Jonathan Quigley (Single Family Office, Executive Office, Hinduja Group, UK), Atal Malviya (Founder of Spark10 Accelerator) and Siddhartha Dhamija (Chief Growth Office, RazorPay) to its advisory board as well.
The company is looking for 110% MoM Growth in coming months and target to reach $2 million in revenue in FY17-18.