Data Science Wizards Bags Funding To Help Enterprises With AI Solutions
by Palak Sharma · Inc42SUMMARY
- The company bagged the funding from a host of undisclosed investors
- As part of this round, the Thane-based company seeks to bolster its deeptech AI venture UnifyAI and also roll out a solution called insurAInce
- UnifyAI claims to help organisations in building and orchestrating AI-enabled use cases
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Platform-as-a-service (PaaS) startup Data Science Wizards has secured seed funding from a host of undisclosed investors.
As part of this $1.4 Mn (around INR 11 Cr) round, the Thane-based company seeks to bolster its deeptech AI venture UnifyAI and also roll out a solution called insurAInce to cater specifically to insurance industry.
For the uninitiated, UnifyAI claims to help organisations in building and orchestrating AI-enabled use cases. Once integrated, it helps organisations in identifying and integrating data sources, building a unified data pipeline, mapping features in store, and writing use case-specific ML algorithms.
“Our platform (UnifyAI) takes AI/ML and GenAI use cases from concept to production with confidence, predictability, and scale,” said DSW’s chief executive officer and founder Sandeep Khuperkar.
By leveraging UnifyAI’s pre-learned models and tools, insureAInce plans to facilitate the insurance industry with enhanced risk management, operational efficiency, and innovation.
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Making future estimations, DSW further plans to introduce domain-specific solutions built on UnifyAI for banking, telecom, retail, and manufacturing.
As per the company, this funding is followed by DSW’s pre-seed funding round of $450,000.
In 2022, IT services and consulting company Clover Infotech bought a 25% stake in DSW for INR 15.22 Cr. Back then, the company said that this investment would help DSW consumers with automation, insights discovery, and smarter decision making
Founded by Sandeep Khuperkar, Pritesh Tiwari ,Shivam Thakkar and Sandhya Oza in 2019, DSW primarily offers AI and data analytics solutions and consulting services to help enterprises with data-driven decisions.
The development comes at a time when India’s B2B AI space is getting a lot of traction from the investors.
For instance, enterprisetech startup Assert AI recently secured INR 30 Cr (around $4 Mn) funding in a Series A round co-led by Latent View’s Ramesh Hariharan, ICICI Venture’s Prashant Purker, Arya.ag and others to offer integrated AI-powered B2B solutions.
In May, Highperformr.AI, a marketing SaaS startup raised $3.5 Mn (INR 29.2 Cr) in a seed funding round led by Venture Highway to build its native AI capabilities and expand distribution network.