Bengaluru-based AI innovation hub for sales & support, Racetrack.ai, has recently announced of raising a fund of $5 million from a group of investors including Murali Krishnan (Ex-President & Founding Member, Biocon) and Dov Kagan (a renowned USA based investor). With the current funding, the company is valued at $21 million.
Subrat Parida, Founder & CEO Racetrack.ai, said, “This is really an overwhelming and positive moment for all of us. We are now looking forward and are excited to announce our next overseas operation base in USA, Mauritius and Singapore.”
He also added, “This move will help us delve into newer business verticals like retail, banking and healthcare. This boost in our physical presence will open new doors for us to partner with intercontinental brands and decision makers while helping us to create global footprint in the AI industry.”
This AI startup offers two flagship products: MARVINTM & TURINGTM. While MARVINTM is a SmartBot for sales & support, TURINGTM on the other hand is an online & offline business accelerator that helps in better business planning and execution. With these two products, Racetrack.ai is targeting the fast booming $100bn AI market.
As the global AI market is rocketing up, Racetrack.ai is focussing on business verticals like BFSI, Education, Health, Hospitality, and Real Estate. With the possibilities, capabilities, and scopes getting wider, the company is all set to expand its operation base to USA, Singapore, and Mauritius.
The other Indian players operating in the AI space are such as Niki.ai, Activ.ai, Arya.ai, and Retention.ai, among others.
Recently, Singapore-based AI startup AntWorks has raised $15 million in a Series A funding from SBI Investments Co. Ltd, to strengthen their marketing and sales engine and entering into newer markets.
Also published in BW Disrupt.