Staqu raises Rs 11 Cr in pre-Series A round to bolster demand for its AI tech
- ByStartupStory | April 27, 2022
Staqu, an artificial intelligence-based business, announced on Tuesday that it has raised Rs 11 crore (about $1.5 million) from Mount Judi Venture and SIS Limited as part of its pre-series A funding round. After investing an undisclosed amount in the firm in 2016, existing investor Indian Angel Network (IAN) exited the company partially in this round.
The Gurugram-based business intends to use the newly raised funds to meet demand in foreign and domestic markets for its AI-based audio-video analytics solution, JARVIS.
Staqu is an artificial intelligence-based firm founded in 2015 by Atul, Anurag Saini, and Pankaj Sharma. The startup intends to use its unique video analytics, big data, and auditing solutions to work on security and enterprise big data analytics areas. Using their ever-evolving research and engineering products JARVIS, the business hopes to introduce AI into day-to-day decision-making across the industry.
Navikenz, an AI-based services firm based in the United States, raised $4 million in a preliminary investment round earlier today from a number of high-net-worth individuals (HNIs). Anjan Lahiri, the co-founder of Mindtree and previous CEO of Birlasoft and Sasken Tech, launched Navikenz.
“With its unique AI technology, JARVIS, Staqu has been committed to bringing about a transformation across industries.” We will be able to scale our business and meet rising demand thanks to the latest funding. We are ecstatic to have the support of renowned investors who see AI’s enormous potential. Staqu’s co-founder and CEO, Atul Rai, stated, “We look forward to fulfilling our goals and developing the business.”
Staqu currently works with over 100 businesses and nine state governments, according to the startup’s statement. Rebel Food, JK Cement, WeWork, Olive Co-living, Embassy, Tata Projects, Tata Consumer, and Borosil are among the company’s clients.
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