The fresh capital will be used to strengthen the talent pipeline in sales, marketing and product R&D, scaling operations geographically across the North American Markets, accelerating customer acquisitions and expanding in existing markets of India and South Africa, the company said in a statement on Thursday.
“With our funding underway we aim to enhance our focus on the financial services sector – banking, insurance and lending companies in India, South Africa & APAC to create the next phase of Data Science evolution,” Suman Singh, founder and CEO, CyborgIntell said.
He said that the company has acquired leading lending and insurance companies in India, South Africa, and APAC as clients. It also has multiple POVs that are currently underway with Tier 1 banks, insurance and lending companies to enhance their clientele.
Sandeep Chawda, managing partner at Pentathlon which is a VC fund focusing on B2B SaaS products, said they saw huge potential for companies that are helping simplify the development of AI/ML solutions for enterprises whereby business owners can use AI/ML solutions without the need to Deep Data Science expertise.
“As AI becomes a part of every product, service or business, CyborgIntell will be an integral part of this future,” said Rahul Agarwalla, managing partner at SenseAI Ventures, which invests in early-stage Artificial Intelligence first startups.
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