Artificial Intelligence Startup ParallelDots Raises $1.4 Mn Funding
Artificial Intelligence and deep learning startup ParallelDots has recently raised $1.4 million (around Rs 9.1 crore) in a fresh round of funding from its existing investor Multipoint Capital LLC.
Delaware, US and Gurgaon, India based AI startup was founded in January, 2014 by Angam Parashar along with Ankit Narayan Singh and Muktabh Mayank and incubated at TLabs, a startup incubator managed by Times Internet.
The newly infused capital will be use by the startup to increase the headcount of its technology team, as well as to support its expanding global footprint. The money will also be spent on general operational expenses.
ALSO READ
Google Uncovered Russia-Backed Ads on YouTube, Gmail : Source
ParallelDots earlier raised a funding of $600K from Multipoint...