Matters AI raises Rs 42 Cr in seed funding round

AI-native data security platform Matters.AI (formerly OptiQ.AI) has raised ₹42 crore ($4.7 million) in seed funding round co-led by Kalaari Capital and Endiya Partners.

The startup plans to use the new funding to expand its presence, invest in R&D, enhance its reasoning abilities, and improve integration across multiple frameworks.

Part of the funds will also support go-to-market efforts in North America. The company expects this expansion to increase its annual recurring revenue (ARR) fivefold, sustain 58% quarter-on-quarter growth, and strengthen its team.

Read also- Kidswear brand Orange Sugar raises Rs 4 Cr in pre-seed round

“We plan for a large Series A after achieving our metrics, expanding the product vertically with more intelligence so it acts as a true companion for chief information security officer (CISOs),” cofounder Keshava Murthy, said.

“Once that is done, if any misuse happens, there is a copilot which takes care of investigation and remediation. This means you have one smart engineer companion in your company rather than ten engineers working on repetitive tasks,” Murthy added.

About Matters.AI

Founded in 2023 by Keshava Murthy and Harsh Sahu, Matters.AI provides a software platform that helps businesses locate, monitor, and secure sensitive data across clouds, applications, devices, and internal systems.The platform automatically tracks data movement, detects unusual activity, and prevents potential leaks by analysing who uses the data and how. 

It uses multiple multimodal large language models to identify enterprise data and trace its movement across the ecosystem using a technology called extended Berkeley Packet Filter (eBPF).

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It operates in both India and the United States, where it competes with Cyera. Matters.AI says it serves over 50 clients, including groww, Credit Saison India, Indian International Insurance, and Nokia.

The startup previously raised ₹13 Cr ($1.5 Mn) in a pre-seed round in 2023, co-led by Better Capital and Carya Venture Partners.

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