Assert AI, a Mumbai, India-based SaaS firm that provides solutions for comprehensive video analytics, has raised $4 million in a Series A funding round.
Investors
The round was led by Ramesh Hariharan (ex-CTO and Co-Founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (integrated grain commerce platform), and other investors.
Assert AI Use of Funds
With this funding, Assert AI aims to expand into crucial Western markets, fuel R&D efforts, and enhance its technology.
About Assert AI
Founded in 2019 by Job Philip and Nitin Jain, Assert AI is a computer vision-SaaS company that offers artificial intelligence-based video analytics solutions across various business sectors, enterprises, and corporations. Its cutting-edge AI-based solutions are designed to optimize processes, increase efficiency, and drive growth across industries. Their recently introduced AI-driven platform, Pratham, democratizes access to computer vision and AI, enabling non-AI users to analyze video data effortlessly. The company operates in India, the US, and the Middle East.
Funding Details
Company: Assert AI
Raised: $4.0M
Round: Series A
Funding Month: April 2024
Lead Investors: Ramesh Hariharan, Prashant Purker, Arya.ag
Additional Investors:
Company Website: https://www.assertai.com/
Software Category: Video Analytics Solutions
Source: https://yourstory.com/2024/04/assert-ai-secures-4-million-series-a-funding