Biggest AI Startups Funding Report 2024

In 2024, AI startups from diverse sectors have secured substantial funding to accelerate their growth and drive innovation. These companies are developing AI-powered sales tools, generative AI solutions and AI-driven security platforms, along with advancements for industries such as healthcare, finance and e-commerce. 

Backed by prominent investors like Accel, Matrix Partners and Y Combinator these emerging tech firms aim to reshape industries through cutting-edge AI technologies. With funding rounds ranging from millions to tens of millions of dollars these startups are positioned to revolutionize their respective sectors and deliver advanced AI solutions to businesses worldwide.

2024 Report AI Startups Funding

Here are the AI startups that received funding in 2024:

1. CADRE ODR -  $200,000  Funding

CADRE ODR, India's leading Online Dispute Resolution (ODR) platform, successfully secured $200,000 in its ongoing pre-Series A funding round. 

The funding round saw participation from high-profile investors, including serial entrepreneurs Aprameya Radhakrishna, Murali Subramanian, and Ram Bhamidi (founder of Radarr), as well as industry experts like Aneesh Garg (General Counsel, Jumbo Electronics) and international lawyer Rahul Guptan. 

CADRE ODR is revolutionizing the dispute resolution process in India by offering technology-driven, legally binding solutions that make conflict resolution more accessible and efficient.

2. Kore.ai - $150 Million Funding

In 2024, Kore.ai, a leader in enterprise conversational and generative AI platform technology, raised $150 million in funding to fuel its expansion and innovation. 

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The strategic investment was led by FTV Capital, with participation from NVIDIA and existing investors such as Vistara Growth, Sweetwater PE, NextEquity, Nicola, and Beedie. This new capital will enable Kore.ai to scale its market presence and continue delivering tangible business and human value through its cutting-edge AI solutions. 

With a decade of experience, Kore.ai is committed to helping enterprises harness the full potential of AI in a safe and responsible manner.

3. Atlan - $105 Million Funding

AI startup Atlan secured $105 million in a Series C funding round, led by GIC, Singapore’s sovereign wealth fund, alongside co-investor Meritech Capital, known for backing disruptors like Snowflake and Datadog. 

Atlan is revolutionizing data and AI governance with its next-generation platform that enhances and categorizes data with business context and security. Its control plane seamlessly connects fragmented data infrastructures within organizations enabling efficient management and governance of data. This funding will help Atlan further expand its innovative solutions for enterprises.

4. Sentient - $85 Million Funding

In 2024, blockchain-based AI startup Sentient raised $85 million in a seed funding round, led by Panera Capital, Framework Ventures, and Peter Thiel's Founders Fund. 

Additional investors include Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Republic, Arrington Capital, and more. Sentient aims to create open AI solutions by integrating blockchain technology with AI. 

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Its open-source platform allows businesses, students, and developers to earn compensation for their contributions to AI tools, driving innovation and accessibility in the AI ecosystem.

5. Perplexity - $73.6 Million Funding

In 2024, Perplexity AI, a search platform focused on simplifying information retrieval, raised $73.6 million in a Series B funding round, led by IVP. 

The round also saw continued support from Seed and Series A investors, including NEA, Elad Gil, Nat Friedman, and Databricks, alongside new investors such as NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, and others. 

Perplexity AI aims to revolutionize the search process by offering a streamlined, ad-free experience, helping users find information quickly and efficiently.

6. SiMa.ai - $70 Million Funding

In 2024, SiMa.ai, an embedded edge machine learning system-on-chip (MLSoC) company, secured an additional $70 million in funding. 

The round was led by Maverick Capital, with participation from Point72, Jericho, and existing investors such as Amplify Partners, Dell Technologies Capital, and Lip-Bu Tan. 

SiMa.ai's unique approach focuses on software, offering a highly flexible hardware-to-software stack that can adapt to any model, sensor, framework, network or modality on a single platform. This funding will further strengthen their position in the edge AI market.

7. Qure.ai - $65 Million Funding

In 2024, Qure.ai, an AI-driven healthcare startup, raised $65 million in its Series D funding round. 

The round was led by 360 ONE Asset and Lightspeed, with participation from Merck Global Health Innovation Fund and Kae Capital. Qure.ai has expanded its market presence significantly, with its AI solutions deployed in over 90 countries and at more than 3,000 sites. Headquartered in Mumbai, the company also has regional offices in New York, London, and Dubai. 

Specializing in the identification and management of critical diseases, Qure.ai boasts 18 FDA-cleared indications and Class IIb certification under EU MDR regulations.

8. Genspark - $60 Million Funding

In 2024, Genspark, an AI search startup founded by former Baidu executives raised $60 million in its initial funding round. 

The startup, aiming to challenge google's dominance in the search market, is currently without revenue but has been valued at $260 million by Lanchi Ventures, a Singapore-based fund leading the round. 

Genspark, established in 2017 by Ramesh Maturu, provides training services through Pyramid Consulting, helping businesses with customized talent solutions and empowering careers. Lanchi Ventures, formerly BlueRun Ventures China, recently rebranded in an effort to differentiate itself from Silicon Valley.

9. AiDash - $58.5 Million Funding

AiDash, an enterprise SaaS company leveraging satellites and AI to make critical infrastructure industries climate-resilient and sustainable, successfully closed its Series C funding round with $58.5 million. 

The company focuses on using advanced technology to help industries adapt to climate challenges and drive sustainability.

10. Krutrim - $ 50 Million Funding

In 2024, कृत्रिम (Krutrim), India's AI company dedicated to developing a comprehensive AI computing stack, successfully closed its first funding round. The round raised USD 50 million in equity at a valuation of USD 1 billion, with backing from prominent investors such as Matrix Partners India. 

Krutrim is making strides with its advanced linguistic AI capabilities, offering valuable solutions across education and business communication sectors. The company is also focused on building indigenous AI infrastructure, including data centers, server-computing, edge-computing and supercomputers.

11. Nurix AI - $27.5 Million Funding

In 2024, Mukesh Bansal, former president of Tata Digital and founder of myntra and Cultfit, launched a new AI venture, Nurix AI. The startup secured $27.5 million in one of the largest seed investments, led by Accel and Silicon Valley's General Catalyst.

Nurix AI, incubated at Bansal's Meraki Labs, focuses on developing custom AI agents for enterprise services such as sales and customer support. With a team of around 20, the company aims to revolutionize industries by deploying AI agents that perform specific tasks with minimal human intervention, enhancing efficiency and reducing costs.

12. Cureskin - $20 Million Funding

Cureskin, an AI-powered dermatology platform offering clinically validated skin and hair health solutions, successfully raised $20 million in Series B funding.

The funding round was led by HealthQuad, a leading digital health-focused venture capital fund in India, with participation from prominent investors like JSW Ventures, Khosla Ventures, and Sharrp Ventures. 

Cureskin’s AI-driven app provides personalized, dermatologist-prescribed solutions for skin and hair care with a focus on addressing root causes. The platform also offers diet and lifestyle guidance, along with regular follow-ups from dermatologists to ensure improved and measurable health outcomes.

13. Neysa - $20 Million Funding

Neysa, India's first AI cloud and platform-as-a-service startup, raised $20 million in Seed funding. The round was led by Matrix Partners India, Nexus Venture Partners, and NTTVC. This funding will help propel the development of Neysa's generative AI-cloud platform as a service and observability solutions for both Indian and global markets.

Neysa was co-founded by Sharad Sanghi, the CEO with a strong background in founding Netmagic, India’s leading data center company, and Anindya Das, the CTO with extensive experience in cloud infrastructure and network design. The company will be chaired by B V Jagadeesh, a Silicon Valley veteran with a remarkable track record.

14. UptimeAI - $14 Million Funding

In 2024, UptimeAI, an artificial intelligence startup, raised $14 million (approximately INR 116 crore) in a Series A funding round led by WestBridge Capital. The funds will be used to expand the company's product line and scale its AI technology stack. Additionally a portion of the investment will support UptimeAI's expansion into the Middle East, Asia, and North America.

Founded in 2019 by Jagadish Gattu and Vamsi Yalamachili, UptimeAI stands out by integrating AI with 200+ years of cumulative subject matter expertise. This combination allows the platform to explain interrelations across upstream/downstream equipment, adapt to changes, detect problems, and provide prescriptive diagnoses akin to a human expert.

15. Mira - $9 Million Funding

Mira, a crypto-AI company specializing in decentralized machine-learning infrastructure, has raised $9 million in its seed funding round after emerging from stealth mode.

Mira is developing a decentralized AI infrastructure platform designed to enable developers to build AI-native apps quickly. The platform offers a library of workflows, or a toolkit with preloaded instructions, to simplify Ai app creation. These workflows are produced and maintained by a community of developers allowing them to monetize their contributions.

16. Ennoventure - $8.9 Million Funding

AI SaaS startup Ennoventure raised $8.9 million (approximately INR 75.10 crore) in a Series A funding round led by Tanglin Venture Partners.

The company plans to use the new capital to expand internationally and strengthen its presence in key markets such as the US, UAE, and India.

17. Attentive.ai - $7 Million Funding

Attentive.ai, an AI software-as-a-service company, raised $7 million in its Series A funding round led by Vertex Ventures Southeast Asia and India. Existing investors InfoEdge Ventures and Peak XV Partners also participated in the round. The company plans to use the funding to enhance customer success, marketing, sales, and product development, with a focus on its newly launched products, Accelerate and Beam AI.

Founded in 2017 by Shiva Dhawan, Rishabjit Singh, and Aishwarya Maurya, Attentive.ai specializes in landscape management software, offering end-to-end automation for field services in industries such as landscaping, asphalt and paving, facilities maintenance, and snow removal.

18. Simplismart -  $7 Million Funding

In 2024, Bengaluru-based generative AI startup Simplismart raised $7 million in a funding round led by Accel, with participation from Shastra VC and Titan Capital. The company plans to use the funds to accelerate its growth and expand its research and development (R&D) initiatives.

Founded in 2022 by Amritanshu Jain, Simplismart helps enterprises build scalable, production-grade AI systems and manage the entire development lifecycle without requiring any coding.

19. P0 - $6.5 Million Funding

In 2024, AI-based security startup p0 secured $6.5 million in a seed funding round led by Lightspeed Venture Partners, with additional participation from Alchemy Ventures. 

The company aims to position itself as a comprehensive platform for API security, offering threat prevention, access control, and documentation for all the APIs used by businesses. Founded by Prakash Sanker and Kunal Agarwal, p0 focuses on eliminating data exploits by securing APIs according to best practices adopted by top-tier global organizations.

20. QpiAI - $6.5 Million Funding

QpiAI, a leader in generative AI and quantum computing, raised $6.5 million in its first round of external funding. The company plans to use the capital to advance the development of generative AI and quantum computing products and platforms.

Founded in 2019 by Dr. Nagendra Nagaraja, QpiAI is a subsidiary of Qpi Technology. It benefits from the support of other Qpi Technology subsidiaries, including Qpicloud, which is focused on next-gen Quantum and AI cloud computing, and SuperQ, which specializes in superconductivity-based products such as motors, single-photon detectors, and high-temperature qubits.

21. Metadome.ai - $6.5 Million Funding

Metadome.ai a startup specializing in extended reality (XR) successfully raised $ 6.5 million in Series A funding through a mix of equity and debt. The company plans to use the funds to expand its operations into new areas and enhance its offerings, integrating cutting edge XR technologies with breakthroughs in Ai.

Founded in 2016 by Kanav Singla and Shorya Mahajan, Metadome focuses on sales enablement through virtual reality (VR) and augmented reality (AR) solutions, primarily in industries like home decor, e-commerce, and mobility.

22. SiftHub - $5.5 Million Funding

SiftHub, an AI-powered platform for corporate sales teams, secured $5.5 million in a seed funding round led by Blume Ventures and Matrix Partners India. 

SiftHub addresses the challenge of scattered information that hinders sales productivity by serving as a central hub that consolidates data from various applications, streamlining the sales process.

23. Louisa AI - $5 Million Funding

Louisa AI, an AI platform founded by former Goldman Sachs managing director Rohan Doctor, raised $5 million in its first funding round. The round was led by Palm Drive VC, Evolution VC, Nucleus VC, Gaingels, and former Goldman Sachs partners, including Sandiip Bhammer.

The funds will be utilized to refine Louisa's products and enhance its technology design. Launched in 2023, Louisa is a cutting-edge collective intelligence platform that originated from Goldman Sachs.

24. RagaAI - $4.7 Million Funding

RagaAI, an AI testing company founded by Gaurav Agarwal, a former executive at ola Electric and NVIDIA, emerged from stealth mode and announced a $4.7 million seed funding round. The investment was led by Pi Ventures, with participation from Anorak Ventures, TenOneTen Ventures, Arka Ventures, Mana Ventures, and Exfinity Venture Partners.

RagaAI focuses on helping enterprises mitigate AI risks, ensuring that their AI models are secure and reliable.

25. Assert AI - $4 Million Funding

In 2024, Assert AI, an enterprise tech company, secured INR 30 Crore (approximately $4 million) in a Series A funding round. The investment was led by Ramesh Hariharan of Latent View, Prashant Purker of ICICI Venture, Arya.ag, and other notable investors.

This funding will help Assert AI accelerate its growth in key Western markets, building on its existing presence in the US, Middle East, and India. Assert AI specializes in using cutting-edge computer vision, artificial intelligence, and machine learning/deep learning to revolutionize industries globally.

26. Myelin Foundry - $4 Million Funding

SIDBI Venture Capital Limited (SVCL) led a $4 million investment in Myelin Foundry, a deep tech AI company. Other investors included Subh Labh, Pratithi Investment Trust, and Endiya Partners.

The funds will be used to strengthen Myelin Foundry's AI platforms, support its global market expansion, and solidify its leadership in edge AI technology.

Founded in 2019 by Dr. Gopichand Katragadda and Ganesh Suryanarayanan, Myelin Foundry specializes in developing AI algorithms based on video, voice, and sensor data, aimed at transforming consumer edge devices and enhancing industry outcomes.

27. Gnani.ai - $4 Million Funding

Gnani.ai, a voice-first generative AI company, raised Rs 30 crore (approximately $4 million) in its Series A round, led by Info Edge Ventures. Samsung Ventures also participated in the funding.

The company plans to use the funds to expand its business across various regions and enhance its sales capabilities.

Founded in 2016 by Ganesh Gopalan, Gnani.ai is a leading deep tech company specializing in voice-first conversational AI. Its proprietary products offer solutions for omnichannel real-time authentication, automation, agent assistance, and analytics.

28. Thesys - $4 Million Funding

Thesys, an AI startup, secured $4 million (around INR 33.7 crore) in a seed funding round led by Together Fund, with participation from 8vc. 

The company plans to use the funds to develop its platform, which will help businesses conceive, visualize, and implement AI-driven user interfaces that dynamically adjust to their needs.

Founded by Rabi Shanker Guha and Parikshit Deshmukh, thesys specializes in offering an experience design suite tailored for GenAI software.

29. SimpliContract - $3.5 Million Funding

SimpliContract, a leading player in Contract Lifecycle Management (CLM) with its AI-powered SaaS platform, raised $3.5 million in a pre-series A funding round. The round was led by Emergent Ventures, with participation from Kalaari Capital, Picus Capital, Foster Ventures, Leslie Ventures, and Sentinel Ventures.

The funds will be used to accelerate SimpliContract's growth and expand its presence in the US and European markets, with a strong emphasis on bolstering sales and marketing efforts.

Founded in 2020, SimpliContract aims to democratize contracting and establish robust contract management practices through the power of AI.

30. BiteSpeed - $3.5 Million Funding

BiteSpeed, an e-commerce AI startup, successfully raised $3.5 million (approximately INR 29.5 crore) in its pre-series A funding round, led by the Surge accelerator program from Peak XV Partners.

Founded in 2019 by Vinayak Aggarwal, BiteSpeed provides an AI-powered marketing, support, and chatbot suite tailored for e-commerce brands. Its platform helps online brands engage with customers and boost sales across multiple channels, including WhatsApp, Email, SMS, Instagram and Push Notifications, streamlining the entire e-commerce journey from retargeting to customer support.

31. Maxim AI -  $3 Million Funding

Maxim, a startup focused on supporting developers in the evaluation and monitoring of their artificial intelligence applications secured $3 million in funding. The funds will be used to expand the team and scale operations enabling the company to forge additional partnerships with enterprises developing Ai products.

Founded in 2023 by Vaibhavi Gangwar and Akshay Deo, Maxim is building an enterprise-grade generative AI evaluation and observability platform that empowers modern AI teams to deploy their applications with quality, reliability, and speed.

32. Crux - $2.6 Million Funding

AI startup Crux raised $2.6 million in a seed round led by Emergent Ventures, with participation from Y Combinator, Neon Fund, and early backers such as First Cheque and other investors.

Founded in 2022 by Himank Jain, Atharva Padhye, and Prabhat Singh, Crux is a Decision-Making AI Copilot for Enterprises. The platform is designed for fast-growing teams to enhance customer experiences by providing instant insights, recommendations, and actions through LLM agents that have a comprehensive understanding of the business and its objectives.

33. SydeLabs -  $2.5 Million Funding

SydeLabs, an AI security and risk management company, secured $2.5 million (INR 20.8 crore) in a seed funding round led by RTP Global. The round also saw participation from prominent angel investors, including Sai Srinivas Kiran (founder of Mobile Premier League) and Kunal Shah (founder of Cred), as well as Picus Capital.

Founded in 2023 by Ruchir Patwa and Ankita Kumari, SydeLabs provides users with tools to proactively identify vulnerabilities in generative AI applications, offering real-time protection against attacks and abuse while ensuring compliance.

34. PineGap.ai - $2.5 Million Funding

PineGap.ai, a US-based AI startup focused on equity research, raised $2.5 million in seed funding, led by SVQuad and Inventus Capital. The company plans to use the funds to expand its technical team in Bengaluru and the US, as well as accelerate product development.

Co-founded by Deepak Sharma and Ankit Varmani, both IIT-BHU graduates, PineGap.ai is building an AI-powered platform for equity research analysts in hedge funds, mutual funds, and investment banks. The platform helps users interpret data and derive insights through deep reasoning, enhancing decision-making in the financial sector.

35. Juleo - $2.5 Million Funding

Juleo, a dating app that aims to solve the problem of matchmaking difficulties, has recently secured $2.5 million in funding after a successful funding round.

The recently acquired funds are designated for the purpose of expanding the staff, fostering growth, and implementing marketing efforts.

Founded in 2023 by Chiranjeev Ghai and Varun Sud, Juleo is hence tackling one of the largest unsolved consumer internet problems of our time, with help from India Stack and AI.

36. Vodex - $2 Million Funding

In 2024, Vodex, a Bengaluru-based Generative AI SaaS firm, raised $2 million (approximately INR 16 crore) in seed funding from Unicorn India Ventures and Pentathlon Ventures. The company plans to use the funds to expand internationally and grow its operations by at least four times in the coming year.

Founded in 2022 by Anshul Shrivastava and Kumar Saurav, Vodex offers a Generative AI tool designed to make outbound calls to customers, enhancing customer engagement and communication for businesses.

37. SuperKalam -  $2 Million Funding

Y Combinator and Fundersclub lead SuperKalam's $2 million seed round of funding. SuperKalam is an AI-driven personal tutor for students getting ready for competitive exams.

Founded in 2023 by Vimal Singh Rathore and Aseem Gupta, Students who want to pursue careers in engineering, medicine, or the civil service can get mentorship and advice from SuperKalam.

38. Clodura.AI -  $2 Million Funding

Clodura.AI, a leader in AI-driven sales prospecting solutions, secured $2 million in its pre-Series A funding round. The round was led by the Bharat Innovation Fund and Malpani Ventures.

Founded in 2015 by Kapil Khangaonkar, Clodura.AI provides a comprehensive lead generation platform that assists sales professionals in identifying decision-makers, gathering actionable sales intelligence, automating outreach campaigns, and building a 10X sales pipeline.

39.  Unikon.ai - $2 Million Funding

Unikon.ai successfully raised INR 16 Crore (approximately $2 million) in its initial funding round. The round saw participation from several prominent entrepreneurs and influencers, including zerodha cofounder Nikhil Kamath, Vishesh Khurana of Shiprocket, Peyush Bansal of lenskart, Dholakia Ventures, OfBusiness' Nitin Jain and Vasant Sridhar and Gaurav Khatri of Noise.

Founded in 2023 by Aakash Anand, Sumit Jha, and Palash Arneja, Unikon.ai is a marketplace designed to facilitate networking between users allowing them to engage in a variety of personal and professional inquiries.

40. Care.fi - $2 Million Funding

Care.fi, a fintech startup focusing on healthcare, has successfully raised $2 million (Rs 16 crore) in debt capital from Trifecta Capital. Additionally, it secured another $0.6 million (Rs 5 crore) from UC Inclusive Credit. 

Founded in 2021 by Vikrant Agrawal, Care.fi is leveraging technology to offer smart financing solutions to hospitals, doctors, and allied suppliers. The company aims to transform healthcare financing by providing efficient and accessible solutions to the healthcare ecosystem.

41. Hyperbots - $2 Million Funding

Hyperbots, a financial and accounting AI firm, has raised $2 million in its initial funding round. The round was led by Kalaari Capital with participation from Sunicon Ventures and Athera Venture Partners.

The funds will be used to enhance Hyperbots go to market strategy and product development, focusing on creating generative AI models tailored for finance and accounting tasks.

Founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots aims to automate mundane and repetitive tasks in finance, freeing up human resources for more value-added activities.

42. GobbleCube - $1.9 Million Funding

GobbleCube, an AI-powered brand analytics platform, has raised $1.9 million in its seed round, led by Kae Capital, with participation from angel investors and CRV. 

The funds will be utilized to strengthen its go-to-market (GTM) strategy, with a focus on expanding in the US, Southeast Asia, and India. Additionally, the capital will be allocated to enhancing the product engineering team's capabilities.

Founded to tackle revenue issues for brands, GobbleCube provides solutions for sales-related expenses, stock management, pricing and promotions, and supplier-level purchases.

43. Maino.ai - $1.8 Million Funding

Maino.ai, a digital marketing technology startup, has successfully raised Rs 15 crore (approximately $1.8 million) in a funding round led by India Quotient Advisers LLP. The round also saw participation from Janhavi Parikh, Karan Bedi, and other prominent angel investors.

The funds will be used to expand Maino.ai's teams in technology, product development, design, and strategy.

Founded in 2022 by Abhijeet Kunwar, Rishabh Kumar, and Vikas Keshri, Maino.ai focuses on empowering digital growth marketing for modern companies of all sizes.

44. Segwise.ai - $1.6 Million Funding

Segwise.ai, an AI-powered observability platform designed for product growth teams, has raised $1.6 million in a pre-seed round led by Powerhouse Ventures. Additional investors in the round include Antler India, Blume Ventures, Everywhere Ventures, Saka Ventures, and Untitled Ventures.

Founded by Brijesh Bharadwaj and Shobhit Gupta, Segwise.ai helps product growth teams understand what factors are influencing their metrics on a daily basis.

45. GreyLabs AI - $1.5 Million Funding

GreyLabs AI, a speech analytics platform for financial institutions, has raised $1.5 million in a funding round led by Matrix Partners India. The round also saw participation from prominent figures including Vasant Sridhar (Ofbusiness), Narasimha Reddy (MoEngage), Nitin Gupta (Uni Cards), and Anil Goteti (Scapia).

Founded in 2023 by Aman Goel and Harshita Srivastava, GreyLabs AI leverages cutting-edge generative AI to analyze customer conversations in call centers providing valuable insights and enhancing customer experience for banks and financial institutions.

46. Clueso - $1.4 Million Funding

Clueso, an enterprise IT firm focused on simplifying the creation of high-quality training videos and records for businesses, has raised $1.4 million (approximately INR 11.6 crore) in its seed funding round. The round was led by f7 ventures, with participation from Y Combinator, an existing investor.

Founded in 2023 by IIT Madras alumni Akash Anand, Prajwal Prakash, and Neel Balar, Clueso aims to provide businesses with a fast and efficient way to produce exceptional training materials.

47. Pulse - $1.4 Million Funding

Pulse, an AI startup focused on SaaS product teams, has raised $1.4 million (approximately INR 11.8 crore) in a seed funding round led by Endiya Partners. The round also saw participation from angel investors, including the founders of Zluri and Yellow.ai.

The funding will be used to expand Pulse's workforce and enhance its AI and large language model (LLM) capabilities.

Founded in 2024 by Haren Chelle, Vatsal Singhal, and Alok Thatikunta, Pulse aims to help SaaS product teams automate and streamline their processes for driving product strategy, prioritizing backlogs, speeding up development, and responding quickly to market changes.

48. AbleCredit - $1.25 Million Funding

AbleCredit, an AI-driven credit underwriting startup, has raised $1.25 million (approximately INR 10 crore) in its seed round, led by Merak Ventures. Helios Holdings and Venture Catalysts also participated in the funding round.

The capital will be used to expand the company and scale its AI capabilities.

Founded in 2023 by Utkarsh Apoorva, Harshad Saykhedkar, Ashwini Prabhu, and Anubhab Bandyopadhyay, AbleCredit specializes in generating credit appraisal memos automatically, based on a company's policies, without human intervention.

49. Inspeq AI - $1.1 Million Funding

Inspeq AI, a platform focused on responsible AI development, has raised $1.1 million (approximately INR 9.13 crore) in a pre-Series A funding round led by Sure Valley Ventures, with participation from Delta Partners.

In addition to Plug and Play, notable angel investors include Cyril Treacy (former VP of Salesforce), Gaurav Singh Kushwaha (founder and CEO of bluestone), Prateek Dixit (founder of pocket fm), Rick Kelly (former MD of Meta Ireland), and other tech executives.

The raised funds will help Inspeq AI expand its platform and continue to focus on responsible AI development for businesses.

50.  LLUMO AI - $1 Million Funding

LLUMO AI, a company focused on AI optimization, has raised $1 million (approximately INR 8 crore) in its seed funding round. The round was led by SenseAI Ventures, with participation from India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel Fund, and several other angel investors.

The funds will be used to further develop LLUMO AI's solutions and expand its capabilities in the AI optimization space.

Conclusion - AI Statup Funding Report 2024

Discover the latest funding milestones in the AI startup ecosystem with the 2024 Report. Explore investments in top players like CADRE ODR ($200K), Kore.ai ($150M), Atlan ($105M), Sentient ($85M), and Perplexity ($73.6M). Uncover insights into over 50 startups shaping the future of artificial intelligence, including SiMa.ai, Qure.ai, Genspark, and more. Stay updated on the trailblazers revolutionizing industries with groundbreaking AI innovations.