Fintech
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Electric Vehicle
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Edtech
IT
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Startup Ecosystem
Enterprise Tech
Clean Tech
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Agritech
Led by Nexus Venture Partners, the round also saw participation from Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, among others
FurtherAI plans to use the fresh proceeds to expand its operations in the UK, grow its tech team, drive industry engagement, and enhance its product capabilities
Founded in 2023, FurtherAI’s AI autonomous agents help insurance companies automate their workflows
TurboHire cofounder Aman Gour’s latest artificial intelligence (AI) venture FurtherAI has raised $5 Mn as part of a seed funding round led by Nexus Venture Partners.
The round also saw participation from Pioneer AI Fund, South Park Commons, Y Combinator, Converge VC, Xceedance, and other angel investors.
FurtherAI plans to use the fresh proceeds to expand its operations in the UK, grow its tech team, drive “strategic” industry engagement and enhance its product capabilities.
Founded in 2023 by Gour and Sashank Gondala, FurtherAI’s AI autonomous agents help insurance companies automate their workflows. The platform helps its clients enhance risk assessment and automating critical tasks such as submission intake, policy comparison, loss runs processing, and underwriting audits.
“… Insurance isn’t inherently sluggish or mundane—it just needed more advanced technology. Now, with large language models, we’re unlocking the industry’s true potential. I’m thrilled that top investors recognize this opportunity, enabling us to drive real change in the industry,” said Gour.
Jishnu Bhattacharjee, managing director at Nexus Venture Partners , added, “… By automating tedious tasks, existing teams can focus on high-value, strategic work that not only eases the strain on current teams, but also makes the industry more appealing to the next generation of talent. We are thrilled to back Aman, Shashank and team as they bring advanced AI to change traditional industries for the better”.
The latest fundraise comes at a time when the growing adoption of GenAI products in India has spawned the rise of a slew of AI startups in the country. Just last month, meat delivery startup TenderCuts’ founder Nishanth RaviChandran launched AI-powered analytics startup Visu.ai.
Meanwhile, as India builds its own foundational model, startups are emerging to cater to use cases such as agentic AI, Platform-as-a-Service (PaaS) and enterprise IT solutions. As a result, investors are lining up to invest in such startups.
Last month, AI-powered content creation platform Phot.AI bagged $2.7 Mn in a seed round led by Info Edge Ventures. In the same month, MaxIQ (formerly Gyaan AI) raised $7.8 Mn in a seed round led by Dell Technologies Capital.
