Funding Alert

Deeptech SaaS startup NeuroPixel.AI raises $825K, round led by Inflection Point Ventures


Deeptech SaaS startup NeuroPixel.AI has raised $825K in a seed round led by Inflection Point Ventures. Other investors in the round include Entrepreneur First, Huddle, Dexter Angels, and Rishaad Currimjee. NeuroPixel said that it will use the fresh capital for scaling up its R&D team to accelerate the transition of its product from beta to production, and for expanding its ‘training set’, a crucial piece of the puzzle for every machine learning algorithm.
Ankur Mittal, Co-founder, Inflection Point Ventures, said that Artificial intelligence (AI), as well as Machine Learning (ML) technologies, are omnipresent across sectors where digital transformation is making inroads, and that online commerce is at the forefront of this transition. “As ecommerce will expand, so will the need to put up quality and realistic product pictures online. In fashion commerce, it is a big part of the buyer’s purchase decision. However, it is not a seamless process and is both time-consuming and expensive, especially for SMEs and social sellers, two segments which are growing exponentially. NeuroPixel is trying to solve this problem by building a product that can transform online fashion storefronts through catalog image-based personalisation and virtual try-ons, helping the average consumer make a far more informed purchase decision,” he added.

featured image

Arvind Nair, Co-founder & CEO, NeuroPixel.AI, said, “we are extremely excited at the opportunity to work with IPV as we scale our young startup. Having access to such an accomplished and diverse pool of industry veterans amplifies the value of the seed investment raised many times over, and this access to industry veterans is clearly where IPV stands apart.” NeuroPixel.AI was also among the six startups selected for investment by the ISB D-Labs incubator, under their Seed support program in collaboration with The Department of Science and Technology, Government of India. The startup has also been selected into the Huddle accelerator, which will commence from the closure of this round of funding.

Follow Startup Story

Related Posts

© Startup Story Private Limited. All Rights Reserved.