DaveAI Raises Funding In Pre-Series A Round Led By Inflection Point Ventures

DaveAI, a patented cutting-edge AI conversation experience cloud, has secured an undisclosed amount in a growth investment round led by Inflection Point Ventures and SucSEEDIndovation Fund.

This funding round included a mix of equity and debt, with participation from Soonicorn Ventures, Yes Bank and Mohan Kumar, Founder of Crestere Technologies LLP.

The fresh proceeds will be used to strengthen technology, grow its partner network and speed up its entry into global markets.

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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.

Mitesh Shah, Co-Founder, Inflection Point Ventures, says “Companies today face one similar problem on the customer service end, i.e. delivering a personalized and engaging customer interaction at a large scale. DaveAI is solving that using advanced AI-powered virtual avatars and conversational intelligence to transform customer engagement across industries to improve customer service experience. At IPV we believe and support them in their journey to redefine the AI-driven customer engagement market."

"DaveAI is transforming the way enterprises engage customers using AI-driven virtual avatars and conversational intelligence, addressing a total addressable market exceeding USD 1 trillion. Their ability to personalize sales experiences and drive tangible revenue outcomes makes them a compelling investment." said Vikrant Varshney, Co-Founder & Managing Partner, SucSEEDIndovation Fund. "We have seen them grow over the years, looking at previous investments with them and with strong market validation, a scalable SaaS model, and a seasoned founding team, SucSEED sees immense potential in DaveAI's growth trajectory.” 

The investment from IPV and SucSEED comes at a time when the global demand for Generative and Conversational AI is growing fast.

DaveAI’s platform- GRYD which helps businesses in sectors like automotive, BFSI and retail personalize customer experiences and boost sales. Its AI tools work across websites, apps, kiosks and messaging platforms to improve user engagement and conversions.

DaveAI’s technology also lets companies build their own AI models without depending on specific vendors or cloud services, making it easy to keep up with the fast-changing AI landscape.

The company has grown its presence in India, the Middle East and North America, offering advanced conversational AI solutions. With a strong team, solid tech and a growing market, DaveAI is ready to lead the future of AI-driven customer experiences.

About DaveAI

Founded in 2016 by P H, Dr. Ananth G and Ashok, DaveAI is an advanced AI Conversation Experience Cloud that turns regular interactions into smart and engaging conversations. Built on its own GRYD architecture, DaveAI allows businesses to create highly personalized and visually rich experiences. By using AI agents, small and large language models and microbots, the platform helps improve customer engagement, decision-making, and brand loyalty across different platforms.

About IPV

 Inflection Point Ventures (IPV) is an angel investment platform with over 23,500 members, including CXOs, high-net-worth individuals, and professionals who invest in startups. IPV supports founders with both funding and business guidance. It has also launched a $50 million VC fund, Physis Capital, to invest in startups from Pre-Series A to Series B stages. The fund has already invested in two startups and has more deals in progress.

About SucSEED

SucSEED Indovation Fund (SIF) is a Category-1 Venture Capital Angel Fund with Rs 100 crore corpus and it grew out of SucSEED Angel Network and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. The fund’s leadership has over 100 years of combined experience in tech, venture funding, and startups. SIF focuses on supporting Indian innovations that meet large-scale needs in six sectors: EdTech, FinTech, HealthTech, Security & RegTech, Enterprise & MSME SaaS, and Emerging Tech. So far, it has invested in over 60 startups.

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