Scienaptic Systems Inc., a New York City-based AI-powered decision making platform company, raised a US$7m investment from TVS Motor (Singapore) Pte. Limited.
With the investment, whose closing is subject to obtaining appropriate regulatory approvals, TVS Motor led this Series A funding in the company.
The company intends to use the funds to accelerate sales and product development.
Led by Pankaj Kulshreshtha, Founder & CEO, Scienaptic provides a technology platform “Ether” that enables large enterprises to bring together various internal and external data sources at customer level. This customer data is used to build advanced predictive models that are compliant with regulatory requirements. Solutions built on Ether enable enterprises to improve risk and credit assessment, monitor evolving fraud patterns, and improve customer journeys and experience.
The company counts several marquee Fortune 100 enterprises as its clients.
TVS Motor is a wholly-owned subsidiary of TVS Motor Company Limited, India.