Racetrack.ai, an artificial intelligence startup providing solution for sales and support to businesses, has raised around $5 million (33.5 crore) in pre-Series A funding from a clutch of Indian and global investors including Murali Krishna, former President and founding member of Biocon. With this, Racetrack.ai has been valued at $21 million.
The Bangalore-based company plans to use the funds to expand its operations in the US, Mauritius and Singapore by tapping business verticals such as BFSI, health and hospitality.
“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,”Subrat Parida, Founder and CEO Racetrack.ai, in a statement.
Racetrack offers has two flagship products: Marvin and Tu ring. While Marvin is the world’s first SmartBot for sales and support, Turing on the other hand is world’s smartest online and offline business accelerator that helps in better business planning and execution. With these two products, Racetrack.ai is targeting to tap the exploding $100 billion AI market
Also published in The Hindu Business Line.