Accelerator StartupBay has invested USD 1.2 million in the seed round of Pune-based robotics firm Rocket AI’s seed funding round in return for a 10 percent stake. Rocket AI combines low-code no-code, robotic process automation (RPA) and AI to help businesses in their digital transformation and accelerate user growth, sales and customer profiling.
Founded in 2020 by Salil Mehendale, Rocket AI has integrated enterprise resource planning (ERP) and customer relationship management (CRM) and e-commerce modules in their product portfolio.
“We have a technology which is business user friendly and with this partnership, we will be able to take our technologically advanced solutions all in one digital transformation to global markets such as Europe, Asia, Middle East and America,” said Salil Mehendale.
Since it was founded in 2016, StartUpBay has helped 5,000 founders till date.
“This partnership is not just limited to funding, but StartupBay will also accelerate the existing enterprise-ready Rocket AI platform to bring significant technological advances and build domain-specific solutions configured upon an all-in-one digital transformation platform. We aim to make the right investments and effective strategic partnership to help startups scale up their businesses in the long run,” Amit Jain, Managing Partner at StartupBay said.
- Anthropic Reports $974 Million Profit in Q2 2026 Ahead of IPO
- OpenAI Launches GPT-6.1 Terra With 50% Lower API Prices, Resumes Frontier AI Training
- Microsoft Offers Buyouts to 60,000 Employees
- Bihar Partners with IT Cos to Train Government School Teachers In AI
- Meta Wants $95 Billion Through Stock Sales to Fund AI Infrastructure
- Pronto Founder Enters Physical AI Space With Provision Labs