AI chatbot Budy, floated by robotics firm GreyOrange’s cofounder Samay Kohli, has secured $4.2 Mn (around INR 35.3 Cr) in a pre-seed funding round led by RTP Global.
The round also saw participation from BeeNext, The Neon Fund, BITS SPARK Angels, along with a clutch of angel investors, including Raju Reddy, Abhinav Asthana (CEO and cofounder of Postman), John Hayes (cofounder of Pure Storage), Bruno Kurtic (cofounder of Sumo Logic) and former executives of GreyOrange.
The company plans to use the fresh funds to boost training and development of its core AI capabilities.
Currently, Budy is partnering with select enterprise customers as part of its design partnership to address high-impact use cases, including re-setting salesforce for the current stage of the company while maintaining data, increasing lead conversion rates by identifying and plugging leakages in sales and marketing pipeline and scaling up revenue and cash forecasting by introducing a bottom-up forecasting model.
Founded by Kohli this year, Budy is an AI-driven agent designed to simplify the deployment and management of sales and marketing software stacks for enterprises. Unlike traditional approaches that focus solely on software deployment, the company claims to be purpose-driven, concentrating on achieving end outcomes and tangible business results.
The initial focus will be on North America, with Budy’s solution designed to be scalable and applicable across global markets. The platform addresses a universal challenge faced by enterprises worldwide—optimising the deployment and management of sales and marketing software ecosystems, Kohli told Inc42.
“Our mission with Budy is clear—we want to solve the growing complexity of sales and marketing software deployment. Using AI we can finally start using the software packages we already have better rather than installing new ones on top of them. With Budy, we’re confident we can help companies get much more out of their sales & marketing budgets in a way that no other platform has,” he added.
The development comes at a time when brands across sectors are increasingly to streamline operations and enhance user experience.
Companies like SarvamAI and Krutrim are leading the charge by focusing on Indic large language models (LLMs), while ObserveAI has secured $214 Mn to provide customised customer and operational support.
According to Inc42, India’s GenAI market is expected to see a major boom in the coming years and is projected to cross the .
The post appeared first on .
You may also like
Study finds how bacterial vaccine demonstrates potential as treatment for cancer immunotherapy
Congress appoints BK Hariprasad, Gaurav Gogoi, Mohan Markam as AICC senior coordinators for Jharkhand elections
Chennai rains: Depression over Bay of Bengal to make landfall today
SC verdict today on pleas challenging validity of Section 6A of Citizenship Act
Trump plans to give tax cuts to billionaires, blow up our deficit: Kamala in first Fox Interview
Tim Walz Assaulted High School Student Matthew Metro In 1997? Video Surfaces
India rebukes Canada PM's no 'hard proof' admission
Ready to fight in all five assembly seats: Assam Congress' Jakir Hussain Sikdar on state's bypolls
'That's A Dangerous Stage For Other Sides': Australia Get Stern 'Virat Kohli' Warning Ahead Of Border-Gavaskar Trophy
Man Utd news: Thomas Tuchel breaks silence as price tag set for Antony transfer
Urgent insurance payment warning as some drivers charged £161 extra
Dubai population set to reach 4 million by 2026, report says
People are only just realising clever truth about famous feature in Apple logo
'Loss of up to $200,000 per hour': How bomb threats impact airlines, passengers
Jon Rahm finally proven right over Greg Norman as LIV Golf CEO being replaced
Concept of Khalistan as artificial as Pakistan was in its infancy: US expert
Fact Check: Photo With Kate Cassidy That Liam Payne Uploaded Before Death Is From 2023
HSSC Result 2024 Date: Haryana HSSC Group C, D Results Today on hssc.gov.in
Kolkata Residents To See Continuous Rains Ahead; What's Behind The Unexpected Showers?
Mumbai customs seize gold worth Rs 1.2 crore, two arrested