DPhi raises $314K in seed funding round

• ByStartupStory     |    August 11, 2022

Artificial intelligence (AI)-driven community platform DPhi announced that it has raised seed funding of €300,000 (INR 2.4 Cr) from a serial AI entrepreneur, investor, and philanthropist, Selçuk Boydak. Selçuk has been successful in building innovative companies for more than20 years, primarily in Switzerland, and is presently concentrating on the global implementation of a distinctive AI ecosystem.

In order to establish a distinctive global AI ecosystem, DPhi will expand its engagement with the Swiss scale-up businesses AI Business School and Global AI Hub as part of this strategic investment. The shared goal is to develop the next generation of AI entrepreneurs and changemakers while preparing the world for the AI era.

“There is a significant vacuum in the industry as a result of which companies struggle to drive impact with AI projects. Organisations often find it hard to build robust AI expertise, and over 85% of projects fail to drive impact. Right now, the adoption of AI that we are seeing is just due to the application of AI at large tech companies. We are yet to harness the full potential of AI across industries and companies of all sizes. As AI is rapidly evolving, its education, awareness and adoption of development practices are more important than ever for each one of us. With DPhi, we aim to prepare the world for the AI era by educating and building AI for the people, by the people,said Chanukya founder at DPhi while commenting on the development.

The founder further mentioned that “Today, every company is a tech company. Soon, every company will be AI-driven, and DPhi will equip them with AI essentials. We were humbled by the interest from a few notable investors and delighted to close this particular strategic investment. It is extremely relevant to us, aligns with our community-driven approach, and allows us to expand rapidly. Selçuk’s business leadership and our collaboration with his Swiss AI scale-ups will enable us to surge our impact in shaping the future of the AI ecosystem.

About DPhi

Founded in December 2020 by  Chanukya Patnaik, the company had started with the vision to make AI education accessible to everyone and build AI for good to solve key challenges of humanity. As a part of their community initiatives, the company provides free AI and data science courses by industry experts from large tech companies or startups worldwide.

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