Silicon Valley and Bangalore based AI startup Argoid has raised $1.7 million in a seed round led by YourNest Capital. Turbostart and Team Launchpad.vc, a capital affiliate of Rock Mountain Capital and Catch NYC participated in the round.
Argoid is an AI-based streaming personalisation platform founded in 2019 by ex-Flipkart employees–Soundararajan Velu, Gokul, and Chackaravarthy E. Argoid’s platform offers differentiated personalisation for media, edtech, publishers, e-commerce, etc.
The fresh capital will be used to build Argoid’s technology and increase its customer base. “Argoid’s mission is to enable its customers to achieve the industry’s highest possible conversion and retention rates by empowering them to deliver hyper-personalized consumer experiences at scale and in real-time,” said Gokul.
“In the current connected world, where customer profile and usage data are easily accessible, mass personalization of content and relevant delivery channels is de rigueur for enhanced customer experience,” said Girish Shivani, Executive Director, YourNest Venture Capital. Shivani said Argoid’s AI-driven, real-time insights give an ‘unfair’ advantage in a cluttered and fragmented marketplace.
YourNest recently launched its third fund, which is double the size of its last vehicle. The fund has put money in UptimeAI, KoineArth, and Xpedize. YourNest’s first two funds–YourNest Angel Fund and YourNest India VC Fund II — have invested in Indian startups with a focus on deep tech and SaaS including CronAI, Lavelle Networks, Arya.ai, CredRight, etc.
