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DaveAI, A Nasscom Deeptech Club start-up specializing in Visual AI, raises strategic round of funding by Marquee Investors from Japan and India

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2 years ago

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  • Investment led by Maruti Suzuki, GHV, Hakuhodo Inc., with participation from existing investors Mumbai Angels & IIIT Seed fund
  • First investment made through the Maruti Suzuki Innovation Fund

Bengaluru: DaveAI, a virtual AI avatar led sales experience platform announced a strategic round of investment led by Maruti Suzuki India Ltd – India’s largest automobile brand, GHV – India’s first and biggest industry Co-Creation innovation and investment group for Japan, Singapore, and South East Asia, and Hakuhodo Inc. – A global top 10 Integrated Marketing & Innovation Company. The round also saw participation from existing investors Mumbai Angels Network and IIIT Seed fund.

Talking about the investment, Sriram P H, Co-founder & CEO said “This strategic round of investment will help us meet growing global demand for assisted digital sales experiences. We have scaled rapidly in the last year with these strategic partnerships and are in early discussions about our Series A round to take us through the next phase of global growth.”

DaveAI was the winner of the Maruti Suzuki MAIL program, powered by GHV India’s largest mobility testbed. Maruti Suzuki is leading this round by making its first investment through the Maruti Suzuki Innovation Fund. “The investment would help MSI strengthen its offering to customers by creating a customised sales experiences on the web, virtual reality, and augmented reality,” the auto major said in a regulatory filing. DaveAI’s Virtual AI avatars power Maruti Suzuki’s digital car-buying journey across cars delivering a>30% increase in sales metrics.

DaveAI virtual avatars mimic a human sales brain coupled with state-of-the-art 3D Visualization, which is an industry first. “We are at the forefront of enabling some of the country’s largest brands in retail & banking, to take their first step in creating brand avatar-powered immersive Metaverse experiences,” said Dr. Ananth, Co-founder & CTO of DaveAI.

DaveAI has already leveraged GHV’s Digital transformation Lab & Industry Co-Creation programs to engage & scale with large enterprises in India & South East Asia. According to Mr. Vikram Upadhyaya, founder, GHV Group – “We, as GHV, are delighted to back DaveAI with additional capital, as the company has shown a consistent performance on T.E.S.T.PoC (C), GHV’s proprietary venture evaluation thesis. Further, the company aligns well with GHV’s vision of empowering Deep tech digital portfolios, as a part of its Digital Transformation framework for Enterprises such as Maruti Suzuki. This is one of the first examples of the most successful outcomes of the Maruti Suzuki MAIL program powered by GHV, and I am sure there would be many more to come.”

DaveAI witnessed 300% YoY growth in revenues in FY 2022. The platform is leveraged by large enterprise customers that include Maruti Suzuki, Hero MotoCorp, BPCL, Landmark Group, Raymond, Karnataka Bank, etc. “Hakuhodo Inc. is very bullish on Indian Startups’ Innovation capabilities.

DaveAI’s technology will be integrated with Hakuhodo’s Advance MarTech Stack and will be made available in 150 offices across 20 countries, creating an edge for the Global Network” – Rakesh Yadav, CEO of Hakuhodo Group’s India Digital arm, AdGlobal360, said.

DaveAI has strong partnerships with leading technology companies such as Intel and SAP. With MSIL & Hakuhodo joining in, DaveAI is all set to build an Industry first platform that will help create the next generation of sales experiences.

This round also saw participation from DaveAI’s existing investors Mumbai Angels – India’s premier platform for private investment that holds an AUM of USD 130 Mn and a 200+ strong portfolio spanning a wide range of sectors, & tech startup investor IIIT Seedfund.

Talking about DaveAI’s capability in reshaping businesses, Nandini Mansinghka, Co-founder & CEO of Mumbai Angels said “AI-driven retail applications are coming into the limelight as the need for advanced data-driven analytics and engagement become the norm. DaveAl, with its real-time analytics solutions for customized recommendations, holds immense potential in boosting retailing KPIs for businesses. I am confident that the fresh capital will enable them not only to scale up but also maximize the profitability of retailing businesses.”

Talking about the investment, Mr.Viiveck Verma, Co-founder of IIIT Seedfund said “We have a longstanding association with DaveAI since their early stage when our network investors were mentoring them as part of IIIT CIE’s Avishkar program. It is great to see this deep tech platform now being used by several global enterprises and one of them making a strategic investment. As existing investors, we are glad to continue supporting the team at DaveAI as they venture into the next phase of growth.”

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Sushen Mohan Gupta’s Course for the Future of Autotronics: Innovation, Sustainability, and Shared Mobility

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21 hours ago

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July 5, 2024

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Gurugram, July 04, 2024: In a landmark address today, Sushen Mohan Gupta, a visionary entrepreneur and leader in the Autotronics, hospitality, and restaurant sectors, unveiled his ambitious vision for the future of transportation. Mr. Gupta emphasised the pivotal role of innovation, sustainability, and customer-centric solutions in propelling the Autotronics industry to new heights.

The convergence of electric vehicles (EVs), artificial intelligence (AI), and shared mobility solutions is set to revolutionise how we move, making transportation not only more efficient but also sustainable and personalised.

At the forefront of this transformation is Mr. Sushen Mohan Gupta’s company, Deva Autotronics. Recognising the critical need for a robust charging infrastructure to support the widespread adoption of EVs, Deva Autotronics is making significant investments in building charging stations across the nation.

“The transition to electric vehicles extends beyond the vehicles themselves. It’s about establishing a comprehensive ecosystem that facilitates their seamless integration into our daily lives. We are dedicated to playing a pivotal role in this endeavour.” — Mr. Gupta explained

Mr. Gupta also underscored the burgeoning significance of artificial intelligence (AI) in the automotive landscape. AI is already being used to develop the latest driver assistance systems, intuitive voice-operated interfaces, and many other innovative features. Mr. Gupta stressed that Autotronics companies must prioritise investments in AI research and development to maintain their competitive edge.

AI possesses the potential to redefine the automotive industry. By investing in AI, automotive companies can engineer vehicles that are safer, more fuel-efficient, and deliver an unparalleled driving experience.

Mr. Gupta’s vision extends to the integration of shared mobility solutions within the Autotronics industry. He firmly believes that ridesharing and Mobility as a Service (MaaS) can significantly contribute to reducing traffic congestion, curbing pollution, and making transportation more affordable for all.

Shared mobility is the cornerstone of the future of transportation. Through collaborative efforts, automotive companies can forge a transportation system that is not only sustainable but also equitable, ensuring that everyone has access to safe, reliable, and convenient transportation options.

Mr. Gupta’s forward-thinking approach and unwavering commitment to sustainability and technological advancement are poised to shape the future of the Autotronics industry. As Deva Autotronics continues to innovate and invest in modern solutions, the company is well-positioned to lead the charge toward a more sustainable and technologically advanced transportation landscape.

About Sushen Mohan Gupta

Sushen Mohan Gupta is a distinguished entrepreneur with over three decades of experience across multiple industries. His expertise spans Autotronics, hospitality, and the restaurant business. Mr. Gupta is committed to making a positive impact on society through his businesses and philanthropic endeavours.

About Deva Autotronics

Deva Autotronics is a leading provider of innovative Autotronics solutions with a strong commitment to sustainability and technological advancement. The company specialises in developing innovative technologies, including electric vehicle components, advanced driver assistance systems, and intelligent transportation solutions. With a focus on making transportation more sustainable, efficient, and enjoyable for everyone, Deva Autotronics is actively involved in building a robust charging infrastructure to support the growing adoption of electric vehicles in India. The company is headquartered in Gurugram, India, and has a global presence with a network of partners and distributors.

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Sushen Mohan Gupta Reimagines Hospitality with Lavish Experiences and Sustainable Practices

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1 day ago

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July 5, 2024

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Gurugram, July 4, 2024: Sushen Mohan Gupta, a renowned entrepreneur and hospitality visionary, unveiled his transformative vision for the future of the hospitality industry. Mr. Gupta envisions a new paradigm where hotels and restaurants deliver hyper-personalised experiences while championing sustainability and setting a new standard for guest satisfaction and environmental responsibility.

Hospitality is not just about providing services; it’s about creating extraordinary moments for guests. Top-rated hospitality providers in India strive to create an environment where individuals feel refreshed, inspired, and deeply connected to their surroundings.

Mr. Sushen Mohan Gupta’s company, American Hotels & Restaurants, is at the forefront of this movement. They are committed to providing personalised experiences for every guest, leveraging innovative technology, sophisticated data analytics, and a profound understanding of guest preferences.

“We firmly believe that personalisation is the cornerstone of building lasting guest relationships. By expertly tailoring our services to the unique needs and desires of each individual, we can curate truly memorable experiences that resonate on a personal level.” Mr. Gupta emphasised.

This commitment to personalisation extends to every aspect of the guest journey. From customised room preferences and curated itineraries to bespoke dining experiences and anticipatory service, American Hotels & Restaurants is dedicated to exceeding expectations and creating a sense of belonging for each guest.

Mr. Gupta is equally passionate about sustainability in the hospitality industry. He recognises the significant environmental impact of hotels and restaurants and believes they have a responsibility to minimise their footprint. American Hotels & Restaurants is steadfast in its commitment to sustainable practices, such as sourcing local ingredients, reducing waste through innovative programmes, and implementing energy-efficient technologies.

Sustainability is not just an ethical imperative; it’s a strategic business decision. By operating in an environmentally responsible manner, American Hotels & Restaurants not only contributes to a healthier planet but also appeals to a growing segment of discerning guests who seek out businesses that align with their values.

The company’s dedication to sustainability is evident in its eco-conscious initiatives. They prioritise partnerships with local farmers and suppliers, minimising their carbon footprint, and supporting the surrounding community. Additionally, they have implemented comprehensive waste reduction and recycling programmes, ensuring that their operations are as environmentally friendly as possible.

Mr. Gupta’s holistic vision for the future of hospitality seamlessly integrates technology and sustainability to deliver unparalleled guest experiences. Smart rooms equipped with Internet of Things (IoT) devices anticipate guest needs, creating an environment of effortless comfort and personalisation. Augmented reality (AR) and virtual reality (VR) technologies transport guests to new realms of immersive experiences, blurring the lines between the physical and digital worlds.

About American Hotels & Restaurants

Sushen Mohan Gupta’s visionary leadership is reshaping the hospitality landscape in India. By prioritising personalisation, sustainability, and technological innovation, he is setting a new benchmark for the industry. American Hotels & Restaurants stands as a testament to his commitment to creating extraordinary moments for guests while championing responsible business practices. The company’s dedication to exceeding expectations and fostering a deeper connection with guests promises to redefine the very essence of hospitality.

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Leading the Future of Sustainability: Top 10 ESG and Sustainability Reporting Solutions

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3 days ago

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July 3, 2024

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New Delhi [India]: With ESG reporting becoming an essential business practice, ESG compliance and sustainability reporting solutions are increasingly becoming popular. At its core, ESG (Environmental, Social and Governance) discloses environmental, social and corporate governance data. Its purpose is to shed light on a company’s sustainable activities, improve investor transparency and make better environmental and social impacts.

These ESG activities ultimately lead to a positive effect on society and the environment while also leading to better changes for future generations. If we talk about sustainability software, it is quickly becoming a must-have for all organizations. Businesses are increasingly looking to adopt tools such to streamline their sustainability management and ESG reporting processes.

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ImageGrafix Partners with Cenosco: Seamless and Efficient Asset Integrity Management

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4 days ago

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July 2, 2024

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Chennai, India – We are proud to announce that ImageGrafix Software Solutions Pvt Ltd. is joining the Cenosco Partner Network as a Premium Partner. Cenosco is the leading provider of asset integrity management software for the Oil, Gas, and Petrochemical Industry. This partnership, covering India and the Middle East brings together Cenosco’s software with ImageGrafix expertise to revolutionize asset management by streamlining safety operations and enabling informed inspection and maintenance decisions. Both ImageGrafix and Cenosco are Hexagon Partners, creating a synergistic offering for their prospective customers. ImageGrafix is a Premium Authorized Reseller of Hexagon in India and Middle East while Cenosco offers integration to HxGN EAM and HxGN SDx, supporting customers who wish to use the power of Digital Twins.

“We are thrilled to join forces with Cenosco,” said Venkat, Director at ImageGrafix. “This partnership allows ImageGrafix as a System Integrator to offer our clients state-of-the-art solutions that drive operational excellence and ensure the highest standards of safety and performance.”

“We are delighted to partner with ImageGrafix. Their extensive market presence and technical expertise complement our innovative solutions perfectly.” stated Rahul Kejiriwal, CEO of Cenosco “Together, we look forward to enhancing asset integrity management for our clients in these regions.”

Discover how ImageGrafix and Cenosco together can elevate your asset management to new heights of efficiency and effectiveness.

About ImageGrafix 

Digitalization Partner for Design, Engineering, Manufacturing, Construction, Project Execution, and Operation, Maintenance of Industrial / Building Assets

ImageGrafix, as a leading system integrator, digitalizes the entire lifecycle of industrial facilities and commercial buildings from inception to ongoing management, offering comprehensive planning, design and engineering, construction, operation, and maintenance solutions across diverse industry sectors such as Energy, Building & Infrastructure, and Manufacturing.

Our partnerships with top-tier technology providers are enriched by the finest talent, ensuring excellence in implementation, customization, managed services, and training. Our esteemed clientele includes Fortune 500 corporations within the Energy, Process, Marine, Engineering, Procurement & Construction (EPC), and Building & Construction sectors across Middle East, Kingdom of Saudi Arabia and India. 

Headquartered in Chennai with a Global Custom Development Centre and offices in Nine major Indian cities, we provide high-quality pre and post-sales support to all clients.

About Cenosco

Cenosco is the leading provider of Asset Integrity Management (AIM) software. Companies operating in asset-heavy industries are all prone to equipment failure, unplanned shutdowns, deferred production, as well as many major health and safety hazards. These dangerous and costly incidents arise due to inefficient asset integrity management. Their solutions safeguard integrity, reliability, and instrumentation safety in asset-intensive industries. With IMS, you can calculate optimal intervention periods and lay out efficient maintenance strategies. Today, Cenosco’s IMS Suite is used around the globe, in over 40 countries, with over 11,000 active users and with more than 200 assets deployed. 

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VakilAI Unveils Groundbreaking AI Legal Companion for Lawyers and Law Firms

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5 days ago

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July 1, 2024

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Bangalore (Karnataka) [India]: In an era where time is of the essence, VakilAI emerges as a beacon of innovation, transforming the legal landscape with its cutting-edge artificial intelligence technology. Patodia Infotech Private Limited proudly announces the launch of VakilAI, an AI-powered platform designed to empower lawyers and law firms with unprecedented efficiency and accuracy.

A New Dawn for Legal Practice

“VakilAI is a great initiative to modernize Indian legal system transforming manual exercises to AI workflow. Surprisingly results were amazing and therefore, it has now become an indispensable part of my legal practice”, said Neeraj Gupta, Advocate Supreme Court, High Court, Medical Negligence, Medico Legal & Criminal Cases.

“VakilAI is no less than a magic wand in the hands of a lawyer, in today’s busy life where writing a petition along with appropriate and relevant Supreme Court & High Courts’ judgments in a short time is considered a Herculean task, I really consider myself fortunate to have a tool like VakilAI, which would not only sharpen my practice, but it will also make me much more efficient than ever before”, said Ashish Singh, Advocate Supreme Court, New Delhi.

“Vakil AI offers effective use of AI in helping advocates and legal professionals in drafting petitions, agreements and providing relevant part of judgements suitable for the cases along with complete judgements also. It helps the advocates in effectively completing the work in lesser time frame.”, said Gaurav Kaushal, Advocate, Founder & Lead Counsel- Fides Juris, New Delhi.

“VakilAI is a comprehensive repository of judicial judgments from 1950 to the present, featuring linked extracts relevant to current cases. This groundbreaking tool significantly reduces both time and costs associated with legal research, compliance, risk management, and innovation in legal practice.”, said CA Ekta Khandelwal, Ekta Khandelwal & Associates, Bengaluru.

Tackling the Challenges of Manual Labour

The legal profession is no stranger to the burdens of manual labour. Hours spent on research, drafting, and case preparation can take a toll on both the professional and personal lives of lawyers. VakilAI addresses these challenges head-on, offering a suite of services that automate and refine the most time-consuming tasks.

Services at the Forefront of Legal Tech

VakilAI offers a comprehensive array of services, including:

  • New Criminal Laws Search: Bhartiya Nyaya Sanhita 2023, Bhartiya Nagrik Suraksha Sanhita 2023 and Bhartiya Sakshya Adhiniyam 2023.

The legal landscape in India is on the brink of a significant transformation. The transition period will undoubtedly pose challenges in terms of quickly referring to and quoting these new laws. VakilAI provides a comprehensive and up-to-date information of the new criminal laws. Lawyers can access these laws instantly, ensuring they have the most current legal information at their fingertips.

  • AI-Based Search Reports: Instantly access relevant filtered paragraphs from Supreme Court and High Courts judgments, complete with compact, balanced, or extensive summaries. This keyword and phrase-based inputs engine provide the desired judgments instantly for references.
  • Advance Comprehensive Research: Comprehensive research module has been designed for complete case preparation where advocates receive detailed reports on constitutional articles, legal sections, defence strategies, and potential arguments within minutes.
  • Petition and Legal Document Drafting: Generate drafts for all types of petitions and legal documents such as MOU, Merger Agreements, etc. with ease and high level of accuracy in minutes, supported by excerpts from pertinent judgments strengthening the case. This module eliminates the chances of re-editing and refining at many stages for final draft to a great extent.
  • Interactive Judgment Chat: Engage in conversational queries to explore legal precedents with natural language processing instantly on the go.

The VakilAI Advantage

The benefits of VakilAI are manifold. Lawyers and law firms can expect:

  • Time Efficiency with Precision: Reduces days and hours of work to minutes with AI-powered case research and drafting capabilities with a higher degree of accuracy which leads to efficient case strategy planning.
  • Work Life Balance: Lawyers can now enjoy a perfect work life balance by using VakilAI which helps them to complete day to day task in lesser time with quality.

About VakilAI

VakilAI stands out by providing a comprehensive suite of AI-powered legal tools that streamline and enhance various legal tasks. It positions itself as an indispensable resource for modern legal practice in India, reflecting the significant potential of AI to transform the legal industry.

Contact:

1. Panna Lal Patodia – Founder & CEO, Patodia Infotech Pvt. Ltd.

Email: panna@patodiainfo.com

2. Naveen Gupta – Co-Founder & CMO, Patodia Infotech Pvt. Ltd.

Email: naveen@patodiainfo.com

Website: https://www.vakilai.in

VakilAI Introduction Video Link: https://vakilai.in/VakilAI.mp4

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