Wednesday, 02 Sep, 5.11 pm Telangana Today

IIIT Technology Venture Partners invests in two startups

Hyderabad: IIIT Technology Venture Partners invested in two artificial intelligence (AI)-based startups - DaveAi and Stack Finance. It invested Rs 20 lakh each in DaveAi, a Bengaluru-based AI sales augmentation platform and Stack Finance, a Delhi-based startup that helps people know about their spending.

Dave.Ai's platform is used by brands to create sales experiences on the web, virtual reality, and augmented reality. The startup, founded in 2016 by Dr Ananthakrishnan Gopal, Ashok Balasundaram and Sriram P H, has also received funding from Mumbai Angels, and participation from GHVAccelerator and Mohan Kumar, CEO of Crestere Technologies.

"Dave.AI will be playing a critical role in the new world where the retail industry will transform completely. Their intersection of retail understanding and application of technology will make this an unmatched offering," quoted Viiveck Verma, co-founder and partner at IIIT Technology Venture Partners.

Stack Finance is a startup founded by Smriti Tomar and it enables a healthier financial lifestyle by automating investments, expenses, and borrowing under a single platform along with friends and family, an AI-powered intelligent and personalised manager. The platform helps people to save, meet bills, end the overspending cycle, and develop financial IQ, right at their fingertips.

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