Funding · Enterprise Software & IT

E2E Networks raises ₹420.51 crore in strategic round

By Startup Enthusiast · 21 August 2024

What they do

E2E Networks provides an AI/ML cloud platform for enterprises and startups across India

It raised ₹420.51 crore via preferential issue of equity shares from promoter group and public investors

The company plans to advance its AI-First Cloud Platform and expand accelerated cloud infrastructure

E2E Networks closed a strategic investment round via preferential issue of equity shares.
The company raised ₹420.51 crores by issuing up to 24,81,592 equity shares at ₹1694.50 per share.
Investors included key members of the promoter group and a wide array of public investors.
The funds will be used to advance the AI-First Cloud Platform for better machine learning and AI capabilities.
The company plans to invest in expanding accelerated cloud infrastructure.
It will also enhance TIR, a low-code AI development platform.

E2E Networks was recently empanelled by the Ministry of Electronics and Information Technology (MeitY).
This strategic round signals strong confidence from both promoters and public investors in the company's growth.
The focus on AI-First Cloud Platform aligns with India's push for indigenous AI infrastructure.

E2E Networks provides an AI/ML Cloud Platform for enterprises, startups, and institutions across India.

Advance the AI-First Cloud Platform for better machine learning and AI capabilities.
Expand accelerated cloud infrastructure.
Enhance TIR, a low-code AI development platform.