Latest news with #DallasVentureCapital
Entrepreneur
24-07-2025
- Business
- Entrepreneur
iTuring.ai, Pristyn Care, and Olto Raise Funding for Growth
The below brands have announced their latest funding rounds. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Secures USD 5 Mn to Expand AI Platform for BFSI Sector Bengaluru-based enterprise AI firm has raised USD 5 million in a Series A funding round led by Dallas Venture Capital and Mela Ventures. This follows a prior investment of USD 1.19 million in the same round from SenseAI and Pentathlon Ventures, with additional support from Ghosal Ventures. Founded in 2018 by Suman Singh, Amit Kumar, Mohammed Nawas, and Srivalsan Ponnachath, offers a proprietary, zero-code platform tailored to the needs of the banking, financial services and insurance sector. The startup plans to use the funds to accelerate the rollout of this platform, which enables institutions to automate each stage of data science and machine learning processes. "Our vision from day one was to empower financial institutions to automate the full lifecycle of AI model development, deployment, and governance with a transparent, explainable, and audit-ready solution," said Suman Singh, founder and CEO of platform addresses the complex regulatory and operational requirements of the BFSI industry. It integrates automation across data preparation, model development, deployment, and ongoing monitoring within a single, compliant framework. The platform currently serves clients in India, South Africa, and the United States. In the US, it has formed a strategic alliance with a leading global payment platform to support revenue growth and reduce operational costs. Clients in the BFSI sector have reported faster project execution and a notable decrease in manual work, along with measurable improvements in predictive accuracy, according to the company. Pristyn Care Bags USD 4 Mn to Expand Hospital Network Pristyn Care, a healthcare provider focused on surgeries, has raised USD 4 million in a new funding round aimed at expanding its owned hospital network. The investment comes from existing backers Peak XV Partners and Hummingbird Ventures, according to company sources and regulatory documents reviewed by Entrackr. The company's board recently approved the issue of 34,280 Series E1 compulsorily convertible preference shares at a price of INR 10,038.16 each. This share price matches the previous round, indicating that Pristyn Care's valuation remains unchanged. This funding is part of a broader plan, as the company is reportedly in discussions to raise up to USD 100 million from both new and current investors. To support future fundraising and expansion, Pristyn Care has increased its authorised capital. In recent months, the company has opened eight new hospitals, bringing its operational footprint to around 200,000 square feet with approximately 450 beds. The firm plans to double this capacity by December 2025 with more than 10 additional hospitals in the pipeline. For the fiscal year ending March 2024, Pristyn Care reported a 30 percent rise in operating revenue to INR 600 crore. Losses for the period remained stable at INR 381 crore. AI Startup Olto Raises USD 5.1 Mn San Francisco-based AI startup Olto has secured USD 5.1 million in a pre-seed funding round led by Nexus Venture Partners and The General Partnership. The round also drew participation from Afore Capital, Recall Capital, Ligature, FirstHand, and several prominent founders and technology leaders. Olto aims to streamline the B2B sales process by using artificial intelligence to automatically generate context-aware demo environments and interactive product tours. Its platform enables sales teams to deliver tailored experiences across live calls, outbound messages, and inbound leads, eliminating the need for manual setup. The company was founded by former Amazon executives Kintan Brahmbhatt and Jean-Baptiste Chaput, along with founding engineer Pranav Midha. Brahmbhatt, who co-founded Amazon Music and led Amazon's podcasting division, is also known for co-inventing Prime Video's X-Ray feature. "At Amazon, we pioneered just-in-time personalisation to change the way consumers engage with media," said Brahmbhatt, who now serves as Olto's CEO. "With Olto, we're bringing that same magic to B2B software." Olto's AI-native platform integrates directly with customer relationship management systems and live products, enabling teams to create highly personalised demos. According to the company, the platform reduces demo preparation time by up to 80 percent while increasing conversion rates.
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Business Standard
24-07-2025
- Business
- Business Standard
AI platform iTuring raises $5 million Series A for financial services push
an artificial intelligence and machine learning platform targeting the banking and insurance sectors, has secured $5 million in Series A funding led by Dallas Venture Capital and Mela Ventures. The enterprise-grade platform, formerly known as CyborgIntell, develops AI solutions specifically for banking, financial services, and insurance companies. The capital will help iTuring expand its footprint in the BFSI sector, where demand for AI-powered solutions continues to grow as financial institutions seek to automate processes and enhance customer experiences through machine learning capabilities. The new capital will also be directed towards advanced product development and expansion of the US team. 'This funding allows us to accelerate our mission and bring AI-driven ROI to our clients faster,' said Suman Singh, founder and chief executive of iTuring. 'We are now focused on building autonomous, agentic AI to solve last-mile challenges in customer acquisition, collections, underwriting, and fraud prevention.' The platform addresses the sector's complexity by integrating advanced automation for data preparation, feature engineering, model development, deployment, and ongoing monitoring. This is done all within a unified environment that meets the sector's demanding regulatory and audit requirements. The company delivers its AI and ML platform to clients across India, South Africa, and the United States. In the US, it has established a strategic partnership with one of the world's leading payment platforms, enabling them to drive customer revenue growth and realise significant cost savings. 'The team is compressing months of data-science effort into hours. They are doing it through a true no-code, enterprise-grade AutoML and decision-AI platform,' said Gokul Dixit, Partner at Dallas Venture Capital. 'We believe this 'AI-as-a-decision-fabric' theme will define the next decade of enterprise software and we are thrilled to partner with iTuring.' The DVC Advantage Programme will connect to a global network of advisors, partners, and new market opportunities, while Mela Ventures brings deep enterprise expertise and hands-on guidance in scaling operations and business development. Together, these partnerships are set to amplify proven impact, accelerating innovation and expanding the reach of its compliant, explainable AI solutions across the financial sector. 'We believe some of the most valuable AI companies of the next decade would differentiate themselves on vertical specialisation, being deeply embedded in workflows, solving high-impact and domain-specific problems,' said Parthasarathy NS, managing partner at Mela Ventures. 'The BFSI sector's complexity, regulatory intensity, and data richness make it the perfect proving ground for domain-trained AI systems.'
Associated Press
10-02-2025
- Business
- Associated Press
Nirmata Raises $9.6 Million to Expand AI-Driven Cloud-Native Policy-as-Code Solutions
New Funding Led by Peak XV Surge with Participation from Dallas Venture Capital, Dreamit Ventures, Z5 Capital and Uncorrelated Ventures will Accelerate Global Market Expansion and Product Development SAN JOSE, Calif., Feb. 10, 2025 /PRNewswire/ -- Nirmata, a leader in cloud-native security policy automation and governance solutions, today announced a $9.6 million funding round led by Peak XV Surge (formerly Sequoia Capital India & SEA), with participation from Dallas Venture Capital, Dreamit Ventures and existing investors Z5 Capital and Uncorrelated Ventures. Following unprecedented customer growth, Nirmata plans to expand its presence, scale its go-to-market and accelerate product development to serve as the de-facto hub of security automation, governance, and compliance for all applications and the underlying IT infrastructure from code to cloud. As cloud-native and new AI-driven applications grow at over 30% CAGR, the demand for Kubernetes and container technologies only continues to rise, prompting businesses to build platform engineering teams. Often, this transformation is hindered by legacy security solutions, compliance requirements, and the increasing complexity and cost of cloud environments. Additionally, the proliferation of AI-generated code is transforming software development by automating tasks and generating complex code, but comes at the expense of creating security challenges across cloud applications and infrastructure as code. Nirmata's Policy-as-Code solutions such as Nirmata Control Hub empower customers to automate security across complex cloud environments and enable security and platform teams to operate at greater scale and speed. Using advancements in AI technologies, Nirmata Control Hub automatically generates, tests, and enforces policies and remediates critical issues leading to increased productivity for platform engineering teams, while enabling them to keep pace with AI-driven innovation. As a result, Nirmata has seen unparalleled growth as enterprises around the world adopt its solutions, as evidenced by: 10X increase in annual revenues for policy and governance products in 2024 Nirmata named a CNCF Top 20 contributor for 2024 Kyverno, the open source policy engine for Kubernetes created by Nirmata, surpassed 3.2 billion downloads and ranks as a top CNCF project Kyverno is trusted by leading organizations like LinkedIn, Deutsche Telekom and Wayfair 'The security of our software is at a pivotal moment as the increasing complexity of cloud-native environments are overwhelming security and platform teams, leading to burnout and stifled innovation. By automating security in delivery pipelines, organizations can maintain governance at speeds that prevent breaches before they even happen,' said Saqib Syed, Nirmata Board Member. 'We see the strength of Nirmata and the Kyverno community and are impressed by the business growth and product vision. Nirmata's policy-as-code approach is an essential requirement to set new standards beyond legacy solutions towards resource, cost optimization and compliance. Customers have seen significant reduction in their application and cloud vulnerabilities by shifting security down and automation of policy as code using Nirmata Control Hub.' 'Nirmata is well-positioned to address the growing need for robust security and governance in the rapidly evolving cloud-native ecosystem,' said Jim Bugwadia, Co-Founder and CEO of Nirmata. 'This funding highlights the strong market demand for our solutions and empowers us to scale our operations, helping more organizations strengthen the security and efficiency of their cloud-native environments.' Nirmata is actively broadening its business footprint, with a presence in the US and India. The company's market impact has been recognized by several prestigious industry accolades, including being recognized by Intellyx as a Digital Innovator, and the Cybersecurity Excellence Awards for open-source security, policy and user management and security automation. Click here to learn more about Nirmata and the future for security automation and governance. About Nirmata Nirmata is a leading provider of cloud-native policy and governance solutions, empowering enterprises to innovate securely at scale. Powered by Kyverno, a popular open-source Kubernetes policy engine with over 3.2 billion downloads, Nirmata enables real-time policy enforcement across multi-cloud and hybrid infrastructures, ensuring secure and compliant operations at scale. For more information, visit or follow Nirmata on GitHub, X, and LinkedIn.
