India: Artificial intelligence startup Arya.ai raises $750k from YourNest, VentureNursery

Mumbai-based Arya.ai, an artificial intelligence (AI) start-up has raised $750,000 in a pre-series A funding round from YourNest Angel Fund and VentureNursery members, according to a statement.

The startup will use the funds to accelerate product development and to grow the AI eco-system. This is the third time VentureNursery members have participated in the funding process, the statement added.

As part of the investment deal, Girish Shivani, fund manager at YourNest Angel, will join Arya.ai’s board.

“We are excited about the opportunities Arya.ai is creating in the way humans interact with machines. A modular platform, with ready to integrate modules can accelerate adoption of AI in day to day life and bring immense value to the end user,” Shivani said.

Founded in 2013 by two researchers from IIT Bombay, Vinay Kumar Sankarapu and Deekshith Marla, Arya.ai provides advanced AI tools offered as modules in ‘Language’, ‘Vision’, ‘Speech’ and ‘Reasoning’ for developers. They can start building AI computing systems by assembling the modules and giving the relevant knowledge base for the machine to learn.

“Using AI, developers can build applications that can solve most complex problems. However, the biggest pain point in building reliable AI applications is solving multiple challenges they encounter in the process,” said Kumar, founder and CEO of Arya.ai.

Arya.ai has been working with developers across verticals like travel, research, e-commerce, customer care, medicine and banking and will soon address other verticals like automobile, military and defence.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.