DigiConnectt Technologys Pvt. Ltd., an analytics and AI company, has raised $125,000 in seed funding from US-based transport management solutions leader Aspire Logistics LLC. The Bengaluru-based start-up plans to use the funding for technology advancement and to strengthen its product line-up, the company said in a statement.
The company has products such as L Connectt, a sales analytics and enablement solution that challenges traditional sales methodologies. Besides an AI-powered engine called SimplifAI infuses advanced business intelligence into the ecosystem to boost resource performance and market penetration.
The company, which now has a pre-market valuation of $5 million, will invest the funds towards product innovation and in consolidating its research capabilities. DigiConnectt has filed patents for 24 features of L Connectt, it added.
“We will be investing in R&D to optimise L Connectt and its feature sets. We will be adding additional workforce in an effort to add value to our product portfolio,” explains Prrashanth H. Nagaraj, Founder and Managing Director, DigiConnectt.