Funding · Enterprise Software & IT
FireAI raises ₹4 crore in seed funding
By Startup Enthusiast ·
- Date
- Company
- FireAI
- What it does
- AI-powered business intelligence startup
- Kind
- Funding
- Amount
- ₹4 crore
- Stage
- seed
- Based in
- Mumbai
- Founded
- 2024
- Sector
- Enterprise Software & IT
What they do
FireAI builds a conversational AI platform that lets users query data in natural language
What happened
It raised ₹4 crore in seed funding led by Inflection Point Ventures
Why it matters
The startup already counts Government e-Marketplace as a client and operates in the Middle East and Africa
The details
- FireAI is an AI-powered business intelligence startup founded in 2024.
- It raised ₹4 crore (~$480,000) in seed funding led by Inflection Point Ventures.
- The round was led by Inflection Point Ventures, a Gurugram-based angel investment firm.
- The startup previously raised an undisclosed pre-seed round led by Venture Catalysts.
- FireAI replaces complex dashboards with a conversational AI platform.
- Users can query data in natural language and get insights instantly.
- The company has built a proprietary AI engine from scratch for descriptive and diagnostic analytics.
- Key innovations include Causal Chain (claimed India's first diagnostic analytics platform), Text-to-SQL, and a proprietary ETL tool.
The bigger picture
- The global data analytics market was $74 billion in 2024 and is projected to reach $482 billion by 2033.
- India's data analytics market was $2.6 billion in 2024 and is expected to grow to $27 billion by 2033 at a CAGR of ~27.5%.
- FireAI claims its platform improves forecast accuracy by 30%.
About the business
- FireAI is an AI-powered business intelligence startup founded in 2024.
- Its conversational AI platform lets users query data in natural language, replacing complex dashboards.
- The proprietary AI engine supports descriptive and diagnostic analytics.
- Key innovations include Causal Chain (diagnostic analytics), Text-to-SQL, and a proprietary ETL tool.
- The startup has integrated with 700+ data sources.
- It counts Government e-Marketplace (GeM) as a client.
- FireAI operates in Dubai, Abu Dhabi, Africa, and Kenya as a certified OEM vendor.
- Alchemist LLP is its official channel partner in the Middle East and Africa.
- The team has 30 professionals.
What happens next
- FireAI will use the funds for product development of Causal Chain, Text-to-SQL, and its ETL tool.
- It plans to hire tech professionals and expand internationally.
The deal
- Type
- seed
Investors
- Inflection Point Ventures (lead) — Gurugram-based angel investment firm; CEO & Co-founder Vinay Bansal. It has invested over ₹800 crore across 250+ startups; its venture arm Physis Capital manages a $50M fund.
- Venture Catalysts (lead) — Led the pre-seed round.
- Gaurav Khatri (participated) — Co-founder & CEO of Noise.
- Amit Kumar Singh (participated) — Former MD, Central Warehousing Corporation.
Founders
- Vipul Prakash, Founder & CEO
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