$1 M Pre-seed funding raised by innovative on-premises AI provider HaiVE.Tech

Innovative on-premises AI provider HaiVE.Tech has raised $1 million in a pre-seed round led by Mohan K, the IppoPay founder, and CEO. As the company positions itself for further growth and expansion in the AI sector, this capital infusion represents an important turning point for the business.

According to a press release from the company, the pre-seed funding will allow HaiVE.Tech to scale up operations by increasing the size of its engineering and marketing teams. It intends to serve both its waiting list and current clientele with a larger workforce.

For fintech clients in Australia and India, Deepika Loganathan and Aravinth Ramesh founded HaiVE in 2023. HaiVE provides on-premise business-specific tuned AI solutions. The platform enables companies to provide seamless and individualized customer support across a variety of channels. It can help raise customer satisfaction levels, increase conversion rates, and enhance overall company performance.

A waitlist of customers from various continents has already been compiled by the business, indicating the demand for its services on a global scale. HaiVE.Tech wants to extend its network to e-commerce businesses worldwide.