Argoid, a Silicon Valley and Bengaluru-based AI enterprise, has raised $1.7 mn in a seed round led by YourNest Venture Capital, an early-stage fund focused on the deep tech and enterprise segments. Turbostart and TeamLaunchpad.vc, a venture capital affiliate of Rock Mountain Capital and Catch NYC also participated in the funding round.
The funds will enable it to further build on its technology to sustain the product leadership positioning and increase its customer base and satisfaction. “One of the key differentiators of Amazon, Netflix, and TikTok is their ability to predict consumer behaviour through advanced AI and hyper-personalized consumer experiences," said Argoid CEO and Co-founder Gokul Muralidharan.
Argoid’s AI-driven platform, with its deep proprietary intellectual property (IP), offers differentiated personalization offerings for several segments including streaming media, user-generated content, ecommerce, edtech enterprises, and media publishers.