Artivatic Data labs Private Limited, the owner of Artivatic, has announced that it has raised angel round of funding from Singapore based angel investor Rahul Sood. The funding amount is not disclosable.
The raised funding will be used for building proprietaries algorithms and technologies and sales growth. The company currently has 3 paying clients and half a dozen clients are in pipeline. The company is launching its public beta product in end of April, 2017.
Artivatic was earlier selected for European Accelerator called ‘Spark10 Accelerator’ and raised initial angel funding from Spark10. The company is looking for 200% MoM Growth in coming months and target to reach US $10 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 Lifestyle, Fashion, eCommerce, Marketing/Advertising, Retail, Recruitment, Healthcare, Finance & Telecom Sectors.
The company 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 Jul 2016.