Wednesday, 12 August 2020

Dave.Ai, an AI sales augmentation platform, raises funding from Mumbai Angels Network


Dave.Ai, an AI sales augmentation platform, raises funding from
Mumbai Angels Network
Dave.Ai is a Bengaluru based Artificial Intelligence sales augmentation platform, has raised an undisclosed amount in their pre-series round of funding from Mumbai Angels NetworkGHV Accelerator, IIIT Technology Venture partners and Mohan Kumar, CEO of Crestere Technologies.

DaveAI helps brands create personalized sales experiences powered by a virtual avatar. From replacing chat bots with digital human interfaces on the web to creating contactless experiences in physical spaces, the startup is creating a new dimension for product discovery moving away from the traditional websites & four wall stores. 

DaveAI is a patent pending Empathetic AI platform that mimics a human sales brain using a blend of technologies like Speech & NLP, facial detection, Visualization and a multi-dimensional affinity engine. Brands can create sales experiences on the web, VR and AR using DaveAI. DaveAI is also a member of Nvidia’s Inception program and Intel India’s Maker Lab.

"We are pleased to be backed by investors who understand technology & believe that world class deep technology products can be built in India. DaveAI is an enterprise grade AI platform for creating the next generation of Sales Experiences. This investment will help us enter new markets & sustain this growth at a global scale" said Sriram, Co-founder & CEO – DaveAI
"With the increasing influence of Artificial Intelligence in our daily lives Dave AI is making the most innovative products which have a very promising potential in the new world of Covid. Using NLP technology for Sales Analysis can help given a new dimension for marketing and advertising" - Jital Shah, MA Investor.
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network commented, “Innovation of using Digital human avatars for having digital conversations is the best way to merge the physical and digital world altogether. We believe this innovation is going to progress in future by transforming enterprises. AR/VR technology has a vast market that offers a potential new way of interaction between customers and the world around us.”

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur, Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.

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