Thursday, September 29, 2022
HomeInsightFunding Alert DPhi raises INR 2.4 Cr in seed round from Selçuk Boydak

[Funding alert] DPhi raises INR 2.4 Cr in seed round from Selçuk Boydak

DPhi, an artificial intelligence (AI)-focused community platform has raised Rs 2.4 crore from Switzerland-based angel investor Selcuk Boydak.

DPhi, an artificial intelligence (AI)-focused community platform has raised Rs 2.4 crore from Switzerland-based angel investor Selcuk Boydak.

The startup plans to use the funds to grow its community and expand its business model to democratize the use of AI and create a global marketplace for AI algorithms and solutions.

DPhi was founded in 2020 by Chanukya Patnaik, It is a global AI community focused on building AI to make AI education accessible to all and solve humanity’s major challenges. It offers free AI and data science courses by industry experts from large tech companies or startups across the globe.

Read also – [Funding alert] Kennect raises $700K in seed round of funding

“There is a significant vacuum in the industry as a result of which companies struggle to drive impact with AI projects. Organizations often find it hard to build robust AI expertise, and over 85% of projects fail to drive impact. Right now, the adoption of AI that we are seeing is just due to the application of AI at large tech companies. We are yet to harness the full potential of AI across industries and companies of all sizes. As AI is rapidly evolving, its education, awareness, and adoption of development practices are more important than ever for each one of us. With DPhi, we aim to prepare the world for the AI era by educating and building AI for the people, by the people”, said Chanukya Patnaik, Founder, DPhi.

“Today, every company is a tech company. Soon, every company will be AI-driven, and DPhi will equip them with AI essentials. We were humbled by the interest from a few notable investors and delighted to close this particular strategic investment. It is extremely relevant to us, aligns with our community-driven approach, and allows us to expand rapidly. Selçuk’s business leadership and our collaboration with his Swiss AI scale-ups will enable us to surge our impact in shaping the future of the AI ecosystem”, he added.

The startup claims that over 100 thousand learners from 150 countries have benefitted from its courses in the last two years.

Adding further, the startup will launch a global AI marketplace with ready-to-use AI solutions built by the best data scientists from around the world.

Its recent inclusion in the Chilean government-backed Startup Chile program has empowered them to establish a strong presence and design an AI strategy for the under-served Latin American region.

Read also – [Funding alert] Bigspoon raises Rs 100 Cr in pre-Series A round

Selçuk Boydak, says “I am excited to join forces with DPhi, its visionary leaders and talented team. Together we will create the leading global AI community, educating and actively supporting the next generation of AI talents and entrepreneurs around the world”.

About DPhi

They are a global AI community with headquarters in Belgium and India.

They started with the vision to make AI education accessible to everyone and build AI for good to solve key challenges of humanity. As part of their community initiatives, they provide free AI and data science courses by industry experts from large tech companies or startups worldwide.

Over 100K+ learners from 150+ countries have benefited since our inception in 2020. The impact of the DPhi community extends beyond education, their Crowdsourcing AI Platform empowers the community members to apply their skills to solve real-world problems.

It has fostered AI-driven innovation among several leading companies and solved meaningful problems, including predicting earthquakes to save lives, safeguarding NFTs, and building an AI-powered lens for the blind.

Soon they will launch a global AI marketplace with ready-to-use AI solutions built by the best data scientists worldwide.

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