September 16, 2019
Indianapolis, Ind. — ConverSight.ai, a voice solutions-based artificial intelligence (AI) platform, has raised $700,000 in seed funding. Led by The Angel Roundtable (ART), the round included participation from Elevate Ventures and four other investors who were involved in previous rounds.
Tony Lettich, Managing Director of ART said, “We are pleased that Elevate Ventures is joining us in our support of ConverSight.ai and are excited about the company’s management, and their ability to visualize and execute the development of cutting-edge AI solutions for the supply chain and ancillary markets.”
The Indianapolis-based company was founded in 2017 by CEO Ganesh Gandhieswaran and CTO Gopinath Jaganmohan. The co-founders saw an opportunity to make data more accessible for businesses using conversational insights. ConverSight.ai’s platform uses natural language processing and machine learning to converge the distance between humans and machines. The platform connects to a company’s data sets to deliver reports and actionable insights in real-time. Athena, the platform’s personal assistant, understands natural language and allows the user to quickly get information through conversation.
This year, ConverSight.ai is participating in the TechStars Farm to Fork Accelerator. The three-month program helps businesses gain traction through mentor engagement, fundraising preparation and more. CFO Charlie Farber said the program has provided valuable advice, technical expertise, and solid leads that will help grow ConverSight.ai’s customer base.
Farber said the new round of funding will allow the company to increase marketing and sales efforts, grow its sales team, and move forward on patents. “These funds are significant and will help us grow and scale quickly,” Farber said. “With new technologies, speed is critical.”