ConveGenius, an ed-tech firm specializing in artificial intelligence (AI), secured $7 million (Rs 58 crore) in a fundraising round led by Mount Judi Ventures and UBS Optimus Foundation, among other investors.
The round also included participation from current investors Michael & Susan Dell Foundation, Bace Capital, Heritas Capital, and Grey Matters Capital.
“This funding round marks a crucial step in ConveGenius’ journey. Our team remains steadfast in the pursuit of empowering every learner, starting with India and fostering data-driven governance for transformative change in education,” said Jairaj Bhattacharya, Cofounder and CEO of ConveGenius.
An astounding 77 million+ students in India have already used its conversational AI platform, SwiftChat, and flagship Ed-Tech platform, ConveGenius.
The company intends to expand the GenAI features of its conversational artificial intelligence bot store, SwiftChat, with the help of the additional investment.
ConveGenius is a social enterprise that has been at the forefront of creating and implementing technological platforms that use big data analytics and conversational AI to effectively transform emerging markets.