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| HaiVE.Tech team |
The investment will further the company’s expansion in India and Australia.
HaiVE.Tech, an innovative on-premises AI provider, has successfully raised $1 million in pre-seed funding. The funding round was led by Mohan K, founder and CEO of IppoPay, a prominent figure in the financial technology space. This capital injection marks an important milestone as the company positions itself for further expansion and growth in his AI industry.
The pre-seed funding will enable HaiVE.Tech to expand its engineering and marketing teams to expand its business. By hiring more people, the company aims to serve its existing customer base and those on the waiting list. The main focus of this expansion is to meet the burgeoning demand for AI services across various industries and markets.
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| Deepika Loganathan, Co-Founder & CEO and Aravinth Ramesh Co-Founder & CTO HaiVE |
”HaiVE is a game changer for companies challenging AI without jeopardizing their competition. Just like well-known food delivery startups that conquered the market by leveraging service expansion options, HaiVE empowers businesses by accumulating critical data insights. By understanding the most popular food types in every region, they expertly established cloud kitchens and successfully poached talent to offer masses of products under their own brand. This strategic approach has powerful lessons for companies that rely on third-party hosted AI services. As an investor in HaiVE, I am confident in supporting their solutions for any company that wants AI integration without creating internal competition.,” Said Mohan K, Founder and CEO of IppoPay.
HaiVE.Tech strategically chose to target the FinTech sector in both India and Australia as its first expansion markets. The company has already amassed waiting lists of customers across multiple continents, demonstrating global demand for its services. Following its success in the FinTech industry, HaiVE.Tech plans to expand its reach to e-commerce companies in various regions.
The investor’s decision to back HaiVE.Tech was determined by the company’s impressive track record and the growing importance of AI and data ownership in the enterprise environment. Many of HaiVE.Tech’s early customers, multi-million dollar companies, recognized the critical role of AI in their infrastructure and sought funding to leverage this revolutionary technology. With the received funding, HaiVE.Tech is well-positioned to meet the growing demand for AI services across all sectors and emerge as a market leader.
About HaiVE.Tech
HaiVE is an AI company headquartered in Singapore with a R&D team in Tamil Nadu. The company provides AI solutions tailored specifically for on-premises businesses for his FinTech clients in Australia and India. Founded in 2023 by Deepika Loganathan and Aravinth Ramesh, the company aims to create AI by enterprises while providing complete control and intellectual property rights over the intelligence and data generated instead of using well-known third-party AI services. We aim to assist in the adaptation of
