HaiVE.Tech Raises $1 Million in Pre-Seed Funding, Poised for Expansion in On-Premises AI Solutions
- ByStartupStory | May 22, 2023
HaiVE.Tech, an innovative AI provider specializing in on-premises solutions, has successfully secured $1 million in pre-seed funding. Leading the funding round is Mohan K, the Founder and CEO of IppoPay, a highly respected figure in the financial technology sector. This significant capital infusion represents a major milestone for HaiVE.Tech, positioning the company for further growth and expansion within the AI industry.
The newly acquired pre-seed funding will empower HaiVE.Tech to scale its operations by bolstering its engineering and marketing teams. With an expanded workforce, the company aims to cater to its existing client base as well as meet the demands of those on its waitlist. The primary objective of this expansion is to meet the increasing market demand for AI services across diverse industries and markets.
Deepika Loganathan, Co-Founder & CEO from HaiVE.Tech said,“We are thrilled to have secured the pre-seed funding. This investment will fuel our mission to provide on-premises AI services, ensuring data privacy and intellectual property control for our clients. At HaiVE, we firmly believe that AI is a game-changer for businesses looking to scale up. Our AI solutions not only ensure complete data privacy and control but also allow our customers to seamlessly integrate their preferred tools. This flexibility, combined with our commitment to delivering exceptional AI capabilities, will drive our growth and establish HaiVE.Tech as the go-to provider for businesses seeking AI-powered solutions.”
HaiVE.Tech has strategically chosen the FinTech sector in India and Australia as its initial expansion markets. With a substantial waitlist of clients spanning multiple continents, the company demonstrates the global demand for its services. Building on its success in the FinTech industry, HaiVE.Tech has plans to further extend its reach to e-commerce companies across different geographical locations.
The investors’ decision to support HaiVE.Tech stems from the company’s impressive track record and the increasing significance of AI and data ownership in the corporate landscape. Recognizing the crucial role of AI in their infrastructure, several multimillion-dollar companies, who are among HaiVE.Tech’s early clients, sought funding to leverage this transformative technology. With the received funding, HaiVE.Tech is well-positioned to address the growing demand for AI services across various sectors and establish itself as a market leader.
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