Temasek backed Vertex Ventures invests in backend automation startup Signzy Technologies – Business News , Firstpost

Signzy is a ‘no-code’ synthetic intelligence (AI) primarily based platform that assists firms in danger and compliance processes.

Signzy Technologies Private Limited, which operates a synthetic intelligence startup focussed on automating backend determination-making processes, has raised $Three million (roughly Rs 22 crore) from Vertex Ventures. Vertex Ventures is a Singapore-based agency backed by Temasek. Its funding in Signzy comes a bit over a month after Bengaluru-based Signzy raised $5.four million (about Rs 39.Eight crore) as a part of its Series B funding spherical. The buyers included Stellaris Venture Partners, MasterCard Inc, Arkam Ventures, and Kalaari Capital. This now takes the overall quantity of funding raised to $8.four million.

Signzy was based in 2015 by Ankit Ratan, Arpit Ratan and Ankur Pandey. Signzy presents a ‘no-code AI platform’ that helps monetary service firms automate danger and compliance processes. The firm plans to take a position in strengthening its AI platform and increasing its international gross sales crew. Signzy has constructed a robust international partnership with Mastercard and has launched workplaces in New York and Dubai to serve its prospects in the 2 key markets of North America and Middle-East respectively. The firm now goals to increase its worldwide presence in different markets.

Signzy works with over 140 banking and monetary companies firms globally together with the four largest banks in India.

Prior to October 2020’s funding, the corporate raised $3.6 million (round Rs 24 crore) in a Series A funding spherical that was led by Stellaris and Kalaari in November 2018. Kstart, the seed fund of Kalaari Capital, turned Signzy’s first institutional investor when it put in cash in December 2016.

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