Ratan Tata-backed Niki.Ai today said it has raised USD 2 million (about Rs 13 crore) in funding from San Francisco-based fund SAP.iO.
The series A round also saw participation from existing investor Ronnie Screwvala’s Unilazer Ventures, Niki.ai said in a statement.
The artificial intelligence startup has also received funding from Haresh Chawla (Partner at True North) and Arihant Patni, along with some US and German investors in this round.
“Niki.ai has been focused on building the product for the past 2 years. We believe we have the capability to disrupt the AI and bot space,” Niki.ai CEO Sachin Jaiswal said.
He added that the new capital will be used in further strengthening machine learning capabilities, building voice and multilingual functionalities and expanding distribution network.
Niki.ai is working towards making artificial intelligence accessible to everyone, be it businesses or consumers. Niki.ai is working with companies like BookMyShow, OYO, Redbus, Ola, Uber and JustRechargeIt, among others. The team currently has 32 members and is based in Bengaluru.