Conversational AI startup GenieTalk on Friday said it had received its first round of angel investment of $750,000 from Shankeshwar Technologies LLP at a valuation of $10 million.
The Indore-based startup will use the funding for developing its SaaS-based platform that helps businesses build tailored and personalised AI-powered virtual assistants, more often referred to as chatbots and voice bots.
“Our delivery model is a SaaS platform through which the customer can use the chatbot by embedding a small script into their services. This can be purchased as a plan or pay as you go services,” said Vivek Jain, Co-founder, GenieTalk.
Founded by three tech enthusiasts Santosh Kataria, Ankit Kimtee, and Vivek Jain, GenieTalk was envisioned as a holistic deeptech startup that developed independent and intuitive AI entities.
Currently serving in PoC (Proof of Concept Agreement) terms with some big names like Paytm, ICICI, Airtel, Aditya Birla, Prestige Group, DP Jewellers, and more, GenieTalk is aiming to place India on the map for global AI pioneers.