Argoid raised $1.7 million in Seed funding round

Bengaluru: Argoid, an artificial intelligence-based streaming personalization platform, has raised $1.7 million (around Rs 12.3 crore) in a seed funding round, it said on Wednesday.

The round in the Silicon Valley and Bengaluru-based startup has been led by YourNest Venture Capital, an early-stage investor that focuses on deep-technology and enterprise segments.

Argoid, operated by Argoid Analytics, Inc., was set up in 2019 by Soundarajan Velu, Gokul Muralidharan, and Chackaravarthy E, who have worked at homegrown e-commerce platform Flipkart.

The company says its platform helps provide personalized offerings for segments including streaming media, user-generated content, e-commerce, edtech, and media publishing firms.