Artivatic.ai Raises Another Angel Round from Spark10 Accelerator
Artivatic has built few patented tools (available on the website) and 3 solutions (built on tools) to integrate with businesses & developers. Either business or developers do not need to build any algorithm, models or training of data sets to use unlike IBM Watson, Amazon AWS or Google AI.
Artivatic Data Labs Pvt. Ltd., the owner of Artivatic.ai, has announced that it has raised an additional angel round of funding from Spark10 Accelerator. The funding amount is still undisclosed.
The raised fund will be used in expanding customer base and strengthening its proprietaries algorithms and technologies. The company is doing multiple POCs (proof of concepts) with more than 5, Fortune 500 clients and dozens of clients are in pipeline. Artivatic 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) in its advisory board as well.
Artivatic.ai has earlier raised some angel funding as well form Singapore & Indian based angel investors. The company is looking for 110% MoM Growth in coming months and target to reach $2 million in revenue in FY17-18.
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.
Artivatic was founded by IIT & NJIT Alumni, Layak Singh & Puneet Tandon respectively in Oct 2016 after shutdown of earlier online dating startups ‘dateIITians & Cogxio.com’ in July 2016.