Tech Company Financing Transactions

Induced AI Funding Round

Induced AI closed a $2.3 million Seed funding round on 10/4/2023. Backers included IDEO CoLab Ventures, private investors and OnDeck Capital.

Transaction Overview

Company Name
Announced On
10/4/2023
Transaction Type
Venture Equity
Amount
$2,300,000
Round
Seed
Proceeds Purpose
Induced AI, founded this year, enables businesses to input their workflows in plain English, subsequently converting the instructions into pseudo-code in real time for numerous repetitive tasks typically managed by back offices.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Bangalore, Karnataka, Undisclosed
IN
Phone
Undisclosed
Email Address
Overview
Developer of an artificial intelligence-based robotic process automation (RPA) platform designed to automate the browser tasks. The company's platform allows the automation of enterprise tasks by combining browsing and web tools with smart reasoning and memory and leverages software robots for routine tasks to control the flow of digital information and realign multiple systems, enabling clients to avoid repetitive tasks.
Profile
Induced AI LinkedIn Company Profile
Social Media
Induced AI Company Twitter Account
Company News
Induced AI News
Facebook
Induced AI on Facebook
YouTube
Induced AI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Aryan Sharma
  Aryan Sharma LinkedIn Profile  Aryan Sharma Twitter Account  Aryan Sharma News  Aryan Sharma on Facebook
Co-Founder
Ayush Pathak
  Ayush Pathak LinkedIn Profile  Ayush Pathak Twitter Account  Ayush Pathak News  Ayush Pathak on Facebook


 

 

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About Our Venture Capital Transactions Database

Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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