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TrueGradient AI raised $700K in a seed funding round led by Shastra VC to enhance its self-serve AI software platform.

PRIVATESep 26, 2024over 1 year ago

Amount Raised

$700,000

Round Type

seed

BengaluruSoftware

Investors

Yogesh KulkarniAbhishek KapurAkash VermaPratul ShroffRelentless VcNeonShastra Vc

Description

TrueGradient AI secured $700K in a seed round funding led by Shastra VC, with participation from Neon, Relentless VC, and several angel investors. This funding will support the development of its self-serve AI software platform.

Company Information

Company

TrueGradient AI

Location

Bengaluru, Karnataka, India

About

TrueGradient is creating the industry's first Self-Serve platform at the intersection of Auto-ML and supply chain planning. The platform drives end-to-end planning decisions, helping companies improve service levels while minimising costs. Key functionalities include demand forecasting and optimisation of the network, inventory, price, promotion, and assortment. The platform utilises an AI Neural Engine to help companies realise double-digit forecast accuracy improvement, up to 30% reduction in days of supply, and up to 30% reduction in promotion spending.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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