Senseforth, an AI startup that develops conversational AI solutions, has raised $10 million in Series A funding. The funding round was led by Sequoia Capital India, and it will be used to expand Senseforth’s operations in India and Southeast Asia.
Senseforth was founded in 2015 by Ankit Garg, Nitish Gupta, and Rishabh Jain. The company’s flagship product is a conversational AI platform that can be used to automate customer service, sales, and marketing tasks. Senseforth’s platform is powered by a large language model that has been trained on a massive dataset of text and code.
The company’s platform has been used by a number of large companies, including HDFC Bank, L&T, and Flipkart. Senseforth’s platform has helped these companies to improve customer service, increase sales, and reduce costs.
The funding round will be used to expand Senseforth’s operations in India and Southeast Asia. The company plans to hire more engineers and researchers, and it plans to open new offices in Singapore and Indonesia.
Senseforth’s CEO, Ankit Garg, said that the funding will help the company to “accelerate our growth and reach new markets.” He said that the company is “excited to work with Sequoia Capital India to build the future of conversational AI.”
Sequoia Capital India’s managing director, Shailendra Singh, said that Senseforth is “one of the most exciting AI startups in India.” He said that the company has “built a world-class conversational AI platform that is already being used by some of the largest companies in India.”
The funding round is a significant milestone for Senseforth. The company is now well-positioned to expand its operations and become a leading provider of conversational AI solutions.
Impact of the Funding
The funding round will have a significant impact on Senseforth. The company will be able to hire more engineers and researchers, and it will be able to open new offices in Singapore and Indonesia. This will allow Senseforth to expand its reach and serve more customers.
The funding will also help Senseforth to develop new products and services. The company is currently working on a number of new projects, including a conversational AI platform for healthcare and a conversational AI platform for education.
The funding round is a major vote of confidence in Senseforth. It shows that investors believe in the company’s vision and its ability to execute. The funding will help Senseforth to achieve its goals and become a leading provider of conversational AI solutions.
Future of AI in India
The funding round for Senseforth is a sign of the growing importance of AI in India. The country is home to a large pool of talented engineers and researchers, and it is becoming a major hub for AI innovation.
Senseforth is one of a number of AI startups that are making a name for themselves in India. Other notable AI startups include Fractal, Haptik, and Inshorts.
The future of AI in India is bright. The country has the potential to become a global leader in AI innovation. The funding round for Senseforth is a major step in that direction.
Conclusion
The funding round for Senseforth is a significant milestone for the company and for the future of AI in India. The funding will help Senseforth to expand its operations and develop new products and services. It will also help to raise the profile of AI in India and attract more investment into the sector.
The future of AI in India is bright, and Senseforth is well-positioned to play a leading role in that future.