mistEO raises seed funding led by MGF-Kavachh
Seafund and other investors also participated in the round.
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Seafund and other investors also participated in the round.
Sreedharan brings over 30 years of experience in the technology industry.
The round also saw participation from Aranya Holdings and Naandi Ventures, while existing investors AUM Ventures and Shakti VC also invested in the startup.
The company plans to use the fresh capital to expand its global presence and increase the deployment of its autonomous logistics solutions across healthcare and industrial facilities.
The company has also received Rs 53.75 lakh in grants from SIPCOT, MeitY Startup Hub, NIDHI PRAYAS, IIT Madras Research Park’s RTBI programme and Cummins CSR.
The startup also announced a joint venture with Japan-listed Globalway Inc. to expand into Japan’s enterprise market.
The investment was made through a combination of primary share issuance and a secondary purchase from existing investors.
The round also saw participation from Equirus InnovateX Fund and angel investors.
The startup will use the fresh capital to expand its global team of AI specialists and engineers, invest in proprietary technology and AI-native delivery capabilities, among others.
Prior to this funding round, RevRag AI had secured $600,000 in a pre-seed round led by Powerhouse Ventures in August 2024.
The Mumbai-based startup will deploy the fresh capital to expand its engineering team, among others.
The startup is building systems for the defence, aerospace and space sectors.
The funding round also saw participation from existing investors Kunal Shet and Parth D Bhasin.
The Bengaluru-based startup will use the fresh capital to strengthen its technology and product capabilities and expand its experience supply across existing markets.
The funding round saw participation from Foundation Capital.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
The funding round also saw participation from angel investors Afsar Ahmad, Jani Pasha, and Arpit Dave.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.