Hyderabad: IIIT Technology Venture Partners has invested in two artificial intelligence-based businesses – Dave.Ai and Stack Finance. While the partner has invested 20 million Rakhla in Dave.Ai – a platform for AI sales growth in Bengaluru, he has invested another 20 Rupees in Stack Finance, which is a startup that helps people know what they are spending.
Dave.Ai’s platform is used by brands to create sales experiences on the Internet, virtual reality and augmented reality. The startup, founded in 2016 by Dr Ananthakrishnan Gopal, Ashok Balasundaram and Sriram PH, also received funding from Mumbai Angels and participation from GHVA Accelerator and Mohan Kumar – CEO of Crestere Technologies LLP.
“Dave.AI will play a critical role in the new world where the retail industry will change completely. Their intersection of retail concept and application of technology will make it an unparalleled offering, ”said Viiveck Verma, co-founder and partner of IIIT Technology Venture Partners.
Stack Finance, based in Delhi, is a company founded by Smriti Tomar and it offers a healthier financial lifestyle by automating investments, expenses and loans under one platform with friends and family, an intelligent and personalized manager with AI -force. The platform helps people to save, meet accounts, end the overspending cycle and develop financial IQ, at their fingertips.