AI startup MarianaIQ raises $2 mn

AI startup MarianaIQ raises $2 mn

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AI startup MarianaIQ raises $2 mn

Artificial Intelligence startup MarianaIQ has received a seed funding of USD 2 million, led by Bangalore-based Exfinity Venture Partners promoted by former Infosys execs, V Balakrishnan and Mohandas Pai, among others.
“MarianaIQ’s AI tool is geared towards automating all steps of the Account Based Marketing process and providing today s marketer a flexibility to easily find, select, reach and engage the target client base,” MarianaIQ CEO Venkat Nagaswamy said.
Mariana’s neural network takes customer purchase data and codifies individuals using semantic finger printing and up to 50,000 smart data points from internal, external, public and proprietary data sources.
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Droom eyes net revenue of Rs 125-150 cr by December 2017 Online automobile transactional marketplace Droom aims to double its annualised sales and gross merchandise value from about Rs 1,500 crore to Rs 2,500-3,000 crore by March 2017 and further to Rs 5,000 crore by December 2017.
The company has also announced that hitting this target will result in a proportional enhancement in net revenue from Rs 60-75 crore to Rs 125-150 crore.
“Our services have generated healthy revenue, with more than 15 per cent of our sellers having signed on for the subscription services and we expect these figures to increase to 40 per cent by December 2017,” Droom founder and CEO Sandeep Aggarwal said. PTI SR
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