Quantiphi, a US and India based-AI solutions provider, raises USD20m in Series A funding.
The investment was made by Multiples Alternate Asset Management.
The company intends to use the funds to continue to strengthen its research and development, and scale its global team to deepen its presence in the North American and European Markets.
Founded by Asif Hasan, Reghu Hariharan, Ritesh Patel and Vivek Khemani – over six years ago, Quantiphi is an Applied Artificial Intelligence and Big Data services company. Its solutions enable enterprises to create tangible business value by building smart products, achieving frictionless customer experiences, automating complex processes, and managing risks.
The company, which has more than 1,000 employees with offices in Boston, Princeton, Toronto, Mumbai and Bengaluru, serves global Fortune 500 clients across CPG, Insurance, Healthcare, Retail, Media and Entertainment, Ed-tech, and Technology sectors.