“Enterprise AI adoption has reached its tipping point. While 87% of enterprises are investing in AI, only 20% successfully deploy solutions into production,” said founder and chief executive Feroze Mohammed.
“We’ve honed the expertise, tools, and the delivery model needed to navigate the complexities of AI adoption. This investment validates our approach of delivering measurable ROI through practical AI solutions, leading the next wave of AI services companies,” he added.
Headquartered in Chicago with offices in Silicon Valley and Hyderabad, the company aims to provide data-driven AI solutions to help businesses grow revenue, increase profitability, and improve operational efficiency. It serves more than 30 clients in the manufacturing, healthcare, finance, and technology sectors.
This comes at a time when venture capital investors have shown strong interest in application-layer AI startups in India, with several raising funds, including Mukesh Bansal’s enterprise AI assistant platform Nurix AI, the AI cloud and platform-as-a-service startup Neysa, and Bhavish Aggarwal’s Krutrim AI, which became a unicorn.
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Aggarwal on Tuesday announced a Rs 2,000 crore investment in Krutrim with a commitment to step it up to Rs 10,000 crore by next year.Indian AI startups raised $747 million in 2024, down 26% from last year but the number of deals in the space increased to 121 from 78 in 2023, as per data from Venture Intelligence.
“AI’s mainstream adoption requires specialised service providers who can bridge the gap between cutting-edge capabilities and practical applications,” said Anup Gupta, managing director at Nexus Venture Partners.
