Windrose Capital, a Pune-based VC firm, has led an undisclosed seed investment round in Precily Inc. The Palo Alto and New Delhi-based deeptech enterprise SaaS startup intends to utilise the funds for product development and in refining its current data science research to deliver more accurate results. Precily is also experimenting with its GTM strategy to develop a stronger product positioning for the Indian and US markets, simultaneously.
Precily offers an artificial intelligence-based SaaS solution coupled with NLP to large consulting and knowledge services businesses including some of the Big 4.The company claims it is currently focussed on the automation of the legal and taxation business functions for its clients, enabling them to reduce human involvement in undifferentiated business activities and increasing efficiency by up to 400%.
Rohit Goyal, the Managing Partner at Windrose Capital, said, “We’ve been associated with Precily for a while now, and to me, it is still astonishing to see Bharath, who leads the firm with a great set of values, maturity, and transparency, which is a rare find at such a young age. We believe we found ourselves a great partner in the Precily team.”