GenY Labs has raised seed round funding totaling approximately $700k. The round was led by BVR Mohan Reddy, Executive Chairman of Cyient and other Indian and Canadian investors. The company was co-founded by a trio of IIT alumni Ravi Jain, Giridhar Rao Apparusu and Yashwant Kumar.
This funding will be used for further development of their unique IP and business expansion in North America.
Ravi Jain, CEO at GenY Labs said, “It’s fantastic to have the support of such accomplished investors as we look to grow the company. Our aspiration is to build a global product company driven by innovation and IP.”
BVR Mohan Reddy, Founder & Executive Chairman of Cyient Ltd. said, “We’re excited to participate in the seed round of GenY Labs. We are impressed by what the team accomplished in a short time and look forward to supporting their vision.”
GenY Labs joins several India-based B2B SaaS players who hit their fundraising milestones this year. GenY Labs, based in Hyderabad (India) and Toronto (Canada), provides license to Auris, its AI platform which curates consumer insights in real time. GenY Labs operates in the B2B SaaS space with its platform Auris, which empowers CMOs with curated industry specific customer insights to improve their customers’ experience and customer engagement.
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