Samya.AI, an AI SaaS startup, announced that it has raised $6 million in seed round funding led by Sequoia India. The startup’s other initial investors include Ashish Gupta, Founder of Junglee.com and Helion VC; Deb Henretta, Partner, G100 Companies and Ex-Group President, P&G; Arijit Sengupta, Founder of Kradle Ventures and Antuit Inc; Deborah Kops, Ex- CEO of Antuit Inc and Ex- CMO of WNS; and Sandeep Sugla, Founder of Marketsandmarkets Inc; also participated in the round.
The startup will use the funds for its expansion, scaling up its team and win business in global markets. The company is founded in 2019 by Shailendra Singh, Deepinder Dhingra, and Pavan Palety. Samya.ai is the only revenue growth AI startup in the consumer packaged goods space.
“Demand-supply interactions are becoming very unpredictable and vulnerable, resulting in huge lost revenue opportunity. This trend will continue unless addressed proactively, especially when a large number of CPG companies have been facing saturating growth”, Co-founder and CEO of Samya.ai, Shailendra ‘Shelly’ Singh, said.
Samya.ai maps the power of AI/ML methods such as deep learning, probabilistic machine learning, and reinforcement learning that can adapt to the unique challenges of the sector. With purpose-built and interconnected AI SaaS modules, Samya.ai is driving disruptive value and 10X improvement over other solutions.
“AI/ML-powered learning and recommendation systems that augment front-line decision-makers are needed to plug revenue leakage”, said Deepinder Dhingra, Co-founder, COO, and CPO, Smaya.ai. “We are building a category-defining product by assembling the best AI/ML and engineering team in this space, based out of Bengaluru,” he added.
“They are pursuing a bold vision and the early results of ‘proof-of-value’ pilots with global CPG companies are very exciting. Our goal here is to help build one of the leading cross-border AI SaaS companies out of India”, Shailendra Singh, Managing Director, Sequoia Capital (India) Singapore.
Currently, Samya.ai is running engagements with a few Fortune 500 companies and is witnessing promising results. “In the initial phase, we are being very selective about partnering with visionary customers as this needs close collaboration with multiple stakeholders. In the long term, we want to build a large and diverse ecosystem of partners and advisors who can help us drive customer success globally”, said Pavan Palety, Samya’s third Co-founder and Chief Customer Officer.
Samya.ai is Chicago, USA headquartered, with its R&D centre in Bengaluru, India.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at firstname.lastname@example.org.