Latest news with #ArkamVentures
Time of India
15-07-2025
- Business
- Time of India
AI becomes spiritual guide for customers on devotional apps
Academy Empower your mind, elevate your skills Spiritual and devotional platforms like AppsForBharat Utsav and Bhagva , and astrology startup Vaya are increasingly turning to artificial intelligence, for matching devotees with the right priests and translating chants in real time to training models to predict astrological aspects such as planetary movement and understand birth push for the use of AI by these startups comes as they look to deepen engagement and enhance the virtual spiritual experience for models are being fine-tuned using large volumes of astrological texts, allowing AI to provide foundational information such as on birth charts, planetary positions and divisional charts, which is often considered the most critical layer in answering user questions about careers or marriages. However, startup executives said the final step of interpretation still requires human startup Vaya, which recently raised around Rs 13 crore in a funding round co-led by early-stage venture capital firms Accel and Arkam Ventures, is deploying 30-40% of the funds into AI-related developments.'Astrology involves four steps: creating the birth chart, gathering details to answer specific questions, analysing those details in depth, and finally, interpreting the findings. What AI is able to do is assist much more effectively with the first three steps — analysing, gathering information and presenting it — which significantly improves both accuracy and the overall user experience,' Vaya cofounder Maahin Puri said, adding that 50–60% of the process can be effectively handled by devotional space has seen a surge in online engagement after the pandemic, with a renewed interest in spiritual practices which is driving growth for these to Jagriti Motwani, founder and promoter of Bhagva which allows users to book pooja services, the platform is not just using AI to offer puja recommendations but also to match users with pandits who are best suited to the type of puja, occasion, and their specific spiritual needs.'The platform is also working towards creating personalised puja kits. These will be curated using AI to suggest exactly what ritual items are needed, depending on the user's intent and the type of puja being performed,' said Motwani. It is also planning to integrate natural language processing for real-time translations of chants and the main business continues to focus on puja bookings and related services such as ecommerce, startup executives say AI-driven content and assistance will serve as key tools to engage and retain Kolkata-based startup Utsav, 50-60% of user acquisitions happen through content, said cofounder Ankita De. 'A lot of it is dependent on content. It's a very critical part of the entire funnel where content drives the users.'AI has also helped these platforms speed up and simplify their content creation process, making it quicker and more streamlined.'The pace at which we are creating content now compared to, say, six months ago is definitely much faster and more efficient, and AI has certainly helped with that,' De the parent company of devotional platform Sri Mandir, is building an AI-powered co-pilot designed to guide and support users in their spiritual journeys.'Now, every user on Sri Mandir needs assistance, and we are creating that assistance layer. The information that devotees want to engage with today includes darshan, content around mantras, chalisas, chants and literature on Hinduism. This will be fed to AI Panditji, who will then pass it on to you in your language,' said founder Prashant move is expected to strengthen user trust and engagement, ultimately improving all major platform metrics, he comes at a time when devotional platforms are expanding their reach beyond India, targeting the affluent and culturally connected Indian diaspora to boost both sales and subscriber numbers, ET had reported While these startups are aggressively chasing user growth, they're also catching the eye of venture capital firms. Many have secured fresh funding rounds in recent months, signalling strong investor confidence in their expansion this month, AppsForBharat raised Rs 175 crore in a funding round led by Susquehanna Asia Venture Capital. In April, Bhagva raised about Rs 8.6 crore, while Utsav raised Rs 6.35 crore in a funding round led by Mumbai-based venture capital fund Equanimity Investments in January. Noida-based startup AstroTalk is reportedly in talks to raise $50–100 million at a unicorn valuation.
Cision Canada
13-05-2025
- Business
- Cision Canada
Agentic AI platform for finance & accounting, Hyperbots, raises $6.5M Series A co-led by Arkam and Athera Ventures
Funds will accelerate U.S. expansion, new co-pilot development, and help launch industry-first LLM – "HyperLM" – pre-trained with millions of data points & reasons for finance and accounting. DOVER, Del., May 13, 2025 /CNW/ -- Hyperbots, the agentic AI platform for finance and accounting, announced today that it has raised a $6.5 million Series A round co-led by Arkam Ventures and Athera Venture Partners. The round also saw participation from new investor JSW Ventures and existing investors, Kalaari Capital, Sunicon Ventures, and Darashaw & Company Sunicon Ventures, and Darashaw & Company. Hyperbots focuses on transforming finance operations for mid-market enterprises. The funds will accelerate U.S. go-to-market efforts and the development of new AI co-pilots, including the launch of HyperLM, the industry's first large language model trained exclusively on finance and accounting data. Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots automates finance workflows across procure-to-pay, order-to-cash, expense management, analytics, and reporting. Each co-pilot is built in collaboration with CFOs. The team worked with 25+ design partners in the U.S. over 18 months before launching its MVP. The co-pilots integrate with leading ERP, CRM, and finance systems. Since launch, Hyperbots has delivered over 80% straight-through processing, 99.8% document accuracy, and reduced manual intervention by up to 80%, driving faster cycle times and lower costs. Hyperbots is on track to serve 100+ U.S. clients this year across sectors including healthcare, media, manufacturing, retail, EV infrastructure, construction, oil & gas, pharma, and real estate. Rajeev Pathak, Co-founder & CEO, Hyperbots said, "We are entering a new era of finance-and-accounting transformation in the U.S. With our proprietary, domain-trained AI models and agentic workflow engine, we can finally automate the heavy, error-prone work that's been holding finance teams back. This round gives us the resources to deepen our R&D, accelerate go-lives, and build a GTM ecosystem that will let every mid-market CFO run world-class F&A operations—at a fraction of today's cost and effort." Bala Srinivasa, Managing Director, Arkam Ventures, said, "We were impressed by the accuracy and product breadth of the Hyperbots' agentic AI suite for such a young company. We are excited to back the Hyperbots team that combines deep AI expertise with a relentless focus on customer value and satisfaction." About Hyperbots Hyperbots transform F&A functions using proprietary AI agents that can read structured and unstructured data, process invoices, match and reconcile them, manage accruals, validate taxes, check payment terms, and recommend GL codes for ERP posting with zero to minimal human intervention. Multiple specialized AI co-pilots operate on top of a finance-specific foundational architecture that enables superior intelligence in an F&A context (language, vision, reasoning, interpretation, recommendation, prediction, redaction, exception handling etc.)
Entrepreneur
13-05-2025
- Business
- Entrepreneur
Finance AI Startup Hyperbots Raises USD 6.5 Mn for Expansion
Hyperbots' Series A round was co-led by Arkam and Athera, with JSW, Kalaari, Sunicon, and Darashaw also participating. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Hyperbots, the agentic AI platform transforming finance and accounting operations, has raised USD 6.5 million in a Series A round co-led by Arkam Ventures and Athera Venture Partners. The round also saw participation from new investor JSW Ventures and existing backers Kalaari Ventures, Sunicon Ventures, and Darashaw & Company. The fresh capital will be deployed to scale Hyperbots' go-to-market efforts in the US and accelerate the development of new AI co-pilots, including HyperLM—the industry's first large language model trained exclusively on finance and accounting data. With a US headquarters and an engineering hub in India, Hyperbots is laser-focused on mid-market enterprises looking to modernise their finance operations. "Securing this investment is far more than fresh capital—it is our springboard for a new era of finance-and-accounting transformation in the US mid-market," said Rajeev Pathak, Co-founder and CEO of Hyperbots. "With our proprietary, domain-trained AI models and agentic workflow engine, we can finally automate the heavy, error-prone work that's been holding finance teams back." Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots offers AI-native co-pilots that automate core finance workflows like procure-to-pay, order-to-cash, expense management, analytics, and reporting. These co-pilots integrate seamlessly with major ERP, CRM, and finance systems to deliver fast, accurate, and low-intervention processing. Built on a proprietary Agentic AI platform, Hyperbots' co-pilots read structured and unstructured data, process invoices, match and reconcile them, validate taxes, manage accruals, and recommend GL codes—all with minimal human oversight. Designed from the ground up with insights from over 25 design partners, the deployment-ready co-pilots have already demonstrated 99.8% document accuracy and reduced manual effort by up to 80%. Since its seed funding in August 2024, Hyperbots has gained traction with customers across the US, including a NASDAQ-listed healthcare provider, a media conglomerate, and an EV infrastructure firm. The company is on track to serve 100+ clients across sectors such as healthcare, manufacturing, real estate, and oil & gas. Bala Srinivasa of Arkam said, "We were impressed by the accuracy and product breadth of Hyperbots' AI suite for such a young company." Athera's Rutvik Doshi added, "The platform reimagines finance automation for the mid-market like no other." With cutting-edge AI, a clear vision, and growing market momentum, Hyperbots is poised to become a category leader in finance automation.
Economic Times
12-05-2025
- Business
- Economic Times
Finance automation startup Hyperbots raises $6.5 million from Arkam Ventures, Athera Venture Partners, others
ETtech L-R- Rajeev Patha, Ram Jayaraman, and Niyati Chhaya, cofounders, Hyperbots Hyperbots, which builds agentic AI co-pilots for finance and accounting operations, has raised $6.5 million in a Series A funding round co-led by Arkam Ventures and Athera Venture investor JSW Ventures and existing backers Kalaari Capital, Sunicon Ventures, and Darashaw & Company also participated in the round. The Bengaluru- and US-based startup will use the funds to expand its presence in the US, build new co-pilots, and launch HyperLM—a proprietary large language model pre-trained on vast amounts of finance and accounting data. Founded in 2023 by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak, Hyperbots offers AI-powered tools that automate key finance and accounting tasks such as processing invoices, matching and reconciling entries, managing accruals, validating taxes and checking payment terms. 'There are use cases in finance and accounting where an AI agent can achieve straight through tasks with no human touch. We are transforming finance operations and freeing human bandwidths for doing higher order tasks,' said Rajeev Pathak, cofounder and CEO of Hyperbots. The startup currently employs around 55 people, with the majority based in its engineering team in Bengaluru. Hyperbots' platform, which he says has been trained on over 30 million finance-specific data points, is tailored for mid-market enterprises in the US. The company noted that while finance teams globally have embraced digitisation, many still depend on manual processes, siloed systems, and outdated reporting startup claims its AI co-pilots can reduce manual effort by up to 80% and deliver 99.8% accuracy in document processing, resulting in faster turnarounds and significant cost currently serves clients across sectors such as healthcare, media, EV infrastructure and retail, and is on track to onboard over 100 customers this fiscal year.'We were impressed by the accuracy and product breadth of the Hyperbots agentic AI suite for such a young company. We are excited to back the Hyperbots team that combines deep AI expertise with a relentless focus on customer value and satisfaction,' said Bala Srinivasa, managing director, Arkam Ventures.
Time of India
12-05-2025
- Business
- Time of India
Finance automation startup Hyperbots raises $6.5 million from Arkam Ventures, Athera Venture Partners, others
Synopsis Hyperbots, a startup building AI co-pilots for finance and accounting, raised $6.5 million in Series A funding led by Arkam Ventures and Athera. The funds will support US expansion, new product development, and the launch of HyperLM, its finance-trained proprietary language model.
