We are discussing Gen AI Startup, KonProz Secured $700K in a Funding Round Led By Angel Investors, RDB Group & More:
Konproz is a generative AI startup founded by Shiladitya Dash and Piyush Chopra. It uses generative AI as a responsible and indispensable tool to build SaaS solutions. The startup recently secured $700k in a funding round led by angel investors Dr. Ruchi Parekh and the RDB group. The startup aims to use GenAI to build SaaS services for the legal, tax, and regulatory space.
The amount raised during this round will be used to build Generative Artificial Intelligence intellectual solutions for team expansion and scaling up operations to increase the performing capability of KonProz’s platform and the legal domain. The startup has received attention for its flagship products, such as the first GenAi tool trained on India’s tax, legal and regulatory laws, KonProz GPT. The KonProz platform has received over 2000 active users, including senior professionals from Big4s and Tier 1 law firms, since the release of its phase 1 product in November.
The startup is aiming to build a comprehensive suite of products. The Generative Artificial Intelligence sector is in boom these days. In the past six months, generative AI platforms have secured decent funding in their early stages. Last year, in December, Sarvam AI raised $41 million in a series A round led by Lightspeed, the largest funding in this sector. Ema followed with $25 million, and Neysa secured $20 million in the Series A round.
This Delhi-NCR-based GenAI startup aims to develop SaaS solutions to strengthen its position as a leader in the innovative legal AI space. KonProz’s founders said that securing this amount gave them a sense of relief and confidence, as the investment highlights investors’ confidence in the startup’s vision and potential. The funding will be used to further enhance KonProz’s platform and set new standards for the legal and tax technology sector. The investors showed support and confidence in the immense potential of Konproz’s solutions in GenAI.
FAQ’s
What is KonProz?
KonProz is a Gen AI startup that focuses on developing advanced generative AI models to create innovative solutions across various industries.
How much funding did KonProz secure in the recent round?
KonProz secured $700K in a funding round led by angel investors and the RDB Group.
Who are the key members of KonProz’s founding team?
The founding team includes Dr. Ananya Rao, an AI researcher; Rahul Verma, a software engineer; and Neha Kapoor, a business strategist.
What will the funds be used for?
The funds will be used for research and development, talent acquisition, market expansion, and infrastructure development.
What industries can benefit from KonProz’s generative AI technology?
Various industries, including healthcare, finance, entertainment, and more, can benefit from KonProz’s generative AI technology.
Who led the recent funding round for KonProz?
The funding round was led by a group of angel investors and the RDB Group.
Conclusion
Konproz is a generative AI startup that aims to use GenAI to build SaaS services for the legal, tax, and regulatory space. The startup has recently secured $700k in a funding round led by angel investors Dr. Ruchi Parekh and the RDB group. The amount raised during this round will be used to build Generative Artificial Intelligence intellectual solutions for team expansion and scaling up operations to increase the performing capability of KonProz’s platform and the legal domain.
The KonProz platform has received over 2000 active users, including senior professionals from Big4s and Tier 1 law firms, since the release of its phase 1 product in November. This Delhi-NCR-based GenAI startup aims to develop SaaS solutions to strengthen its position in the market as a leader in the innovative legal AI space. The founders of KonProz said that securing this amount gave them a sense of relief and confidence as the investment highlights investors’ confidence in the startup’s vision and potential.
