AI and ML platform Metis raised Rs 1.3 Cr from Inflection Point Ventures
A funding round led by Inflection Point Ventures has seen Metis Intellisystems, a BFSI platform for AI and machine learning, raise 1.3 crore.
The money will go towards developing cutting-edge solutions, maximizing strategic use cases, and investigating opportunities for local and international outreach. stated Metis in a news release.
Metis leverages data from multiple sources, performs triangulation, and compiles it into solutions using AI and machine learning. From the perspective of the business, this improves the accuracy and efficiency of financial technology solutions by fostering a single, holistic understanding of the customer.
Bank statements and GST data are accurately analyzed by the company’s sophisticated decision-making platform, QANAT. Metis has partnerships with both domestic and international financial institutions within two months of the product launch.
By 2030, the digital lending industry, in which Metis is active, is expected to have grown from its current $270 billion valuation to $1.3 trillion.
Over 700 crore rupees have been invested in over 200 startups by Inflection Point Ventures thus far. The angel investment platform disclosed 14 exits in 2023, providing investors with an initial rate of return (IRR) of 61%.
