Thursday, October 3, 2024

Nurix AI Raises $27.5 Million Funding for AI Expansion

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Nurix AI, a leading-edge AI startup founded by Mukesh Bansal, co-founder of Myntra and Cultfit, has raised USD 27.5 million in funding. The investment came across both seed and Series A rounds, co-led by Accel and General Catalyst, with participation from Meraki Labs.

This funding will help Nurix AI strengthen its technology and expand its operations, particularly in Asia and North America. The company aims to build its research and development (R&D) capabilities and create strong partnerships with AI hardware and product companies.

Founder Vision for AI Transformation

Mukesh Bansal, Founder and CEO of Nurix AI, expressed excitement about the potential of AI to revolutionize enterprise productivity. He said, “AI is at a turning point, promising to change how work is done in companies. At Nurix, we want to create AI agents that work with human experts to handle many tasks, improving productivity and quality. India has amazing AI talent, and we are excited to build a leading AI team here.”

Nurix AI team with Founder Mukesh Bansal

Founded in 2024, Nurix AI specializes in creating custom AI agents with advanced voice and reasoning skills. These AI agents are designed to improve productivity and customer experiences for businesses by integrating smoothly into their existing processes.

Nurix AI focuses on providing AI-native solutions that combine AI technology with human supervision to offer personalized and scalable services. The company develops platforms that allow for multi-modal agent deployment, helping businesses use AI for a wide range of tasks. Nurix’s customer experience solutions are designed to blend AI’s efficiency with human empathy, ensuring a high level of customer satisfaction and productivity.

Backing from Investors

Subrata Mitra, Partner at Accel, emphasized the importance of AI in transforming enterprise operations, saying, “AI is changing how businesses work. Nurix solves the challenge of integrating AI into existing workflows, balancing precision with human empathy.”

Nurix AI Raises USD 27.5 Mn for AI Expansion

Deep Nishar, Partner at General Catalyst, highlighted the significance of Nurix’s approach, stating, “Nurix’s focus on delivering scalable, custom AI solutions makes them a vital partner for companies wanting to harness AI’s full potential.”

With this fresh investment, Nurix AI is poised to lead AI-driven innovation, helping companies use AI to enhance their operations and customer engagement in the coming years.

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