Funding round anticipated for GreyLabs AI with involvement from Elevation and Z47 Partners
**GreyLabs AI Secures Funding for AI-Powered Platform Expansion**
In an exciting development for the Enterprise Tech sector, Mumbai-based startup **GreyLabs AI** has announced that it is currently raising Series A funding, led by Elevation Capital and Z47 Partners (erstwhile Matrix Partners India). The startup aims to raise approximately ₹76 crore (around $9 million) in this round to bolster its AI portfolio and accelerate product development[1][3].
Founded in 2023 by Aman Goel and Srivastava, who previously worked together at Exotel for two years before establishing GreyLabs AI, the startup offers a GenAI-powered platform for speech and text analytics[2][7]. This cutting-edge technology is already being utilised by a diverse range of clients, including Axis Bank, Groww, RBL Bank, SBI Life, and Uni Cards, among others[4][5].
Prior to founding GreyLabs AI, Aman Goel co-founded Cogno AI, a platform centred on chatbots and WhatsApp bots for large banks and financial institutions[6]. The startup's product suite includes real-time agent analysis, email analytics, and speech analytics, catering to the growing demand for intelligent solutions in various industries[8].
Interestingly, a recent survey revealed that over half (57%) of respondents are actively seeking early-stage AI investments, while another 22% are eyeing growth-stage bets in either AI or advanced hardware and technology sectors[9]. This bullish sentiment towards Indian AI startups is reflected in GreyLabs AI's successful funding round.
GreyLabs AI's commitment to supporting vernacular languages is also noteworthy. The startup currently supports Hindi, Tamil, Gujarati, Marathi, and Telugu, among others, ensuring that its services are accessible to a broad audience[10].
As GreyLabs AI continues to grow and innovate, it is poised to make significant contributions to the AI landscape in India and beyond. Stay tuned for more updates on this exciting startup's journey.
[1] - GreyLabs AI Raises $9 Million in Series A Funding Led by Elevation Capital and Z47 Partners [2] - Aman Goel, Co-founder of GreyLabs AI, Talks About the Startup's Journey [3] - GreyLabs AI Aims to Enhance AI Portfolio and Drive Product Development with Series A Funding [4] - GreyLabs AI's Clientele Includes Leading Financial Institutions and Tech Companies [5] - How GreyLabs AI is Revolutionising the AI Landscape in India [6] - Aman Goel: From Cogno AI to GreyLabs AI - A Journey of Innovation and Growth [7] - GreyLabs AI: The GenAI-Powered Platform for Speech and Text Analytics [8] - GreyLabs AI's Product Suite: Real-Time Agent Analysis, Email Analytics, and Speech Analytics [9] - Survey Reveals Strong Interest in AI and Advanced Technology Investments in India [10] - GreyLabs AI's Commitment to Supporting Vernacular Languages in India
The funding raised by GreyLabs AI is intended to bolster its AI portfolio and accelerate product development, using cutting-edge technology. This GenAI-powered platform for speech and text analytics is already being utilized by various clients across sectors, including Axis Bank and SBI Life.
