DaveAI has raised a growth round funding led by Inflection Point Ventures and SucSEED Indovation Fund. This growth investment round had a strategic mix of equity and debt with participation from Soonicorn Ventures, Yes Bank and Mr.Mohan Kumar, Founder at Crestere Technologies LLP.
The capital will be used for developing technology leadership, expanding its partner ecosystem, and fast-track global market penetration.
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“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, CEO & Co-Founder, DaveAI.
“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, CTO & Co-Founder, DaveAI.
The investment from IPV and SucSEED comes at a time when the demand for Generative & Conversational AI solutions is accelerating globally.
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About DaveAI
DaveAI is a patented cutting-edge AI Conversation Experience Cloud designed to transform everyday interactions into engaging, intelligent experiences. Powered by proprietary agentic architecture – GRYD, DaveAI enables businesses to craft hyper-personalized, visually immersive conversations. By leveraging a combination of AI Agents, Small & Large Language Models and Microbots, our platform enhances customer engagement, decision-making, and brand connection across multiple touchpoints.
About IPV
Inflection Point Ventures (IPV) is an angel investing platform with over 23,500+ CXOs, HNIs, and Professionals to together invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of pipeline.
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About SucSEED
SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors – EdTech, FinTech, Health-tech, Security & RegTech, Enterprise & MSME SaAS and Digital Economy & Emerging Tech.
