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Funding · Enterprise Software & IT

FireAI raises ₹2.5 crore from SucSEED Indovation Fund

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Date
Company
FireAI
What it does
Causal decision intelligence platform
Kind
Funding
Amount
₹2.5 crore
Stage
seed
Based in
Mumbai
Sector
Enterprise Software & IT

What they do

FireAI is a Mumbai-based causal decision intelligence platform for enterprises

What happened

It raised ₹2.5 crore in a seed round from existing backer SucSEED Indovation Fund

Why it matters

The company reports 82% quarter-on-quarter revenue growth and 520% increase in total contract value

The details

  • FireAI, a Mumbai-based causal decision intelligence platform, has raised ₹2.5 crore in a seed round.
  • The round was led by SucSEED Indovation Fund, an existing seed backer.
  • The company helps enterprises move beyond dashboards to real-time, explainable insights.
  • Its platform uses anomaly detection, causal chain analysis, and a natural language interface supporting 90+ languages.
  • FireAI integrates with existing enterprise systems to deliver traceable, actionable decision intelligence.
  • The funds will be used 55% for expanding the enterprise sales team and regional expansion, 35% for R&D in causal capabilities, and 10% for admin and new office spaces.

The bigger picture

  • The enterprise market is shifting to AI-driven decision intelligence, as highlighted by Gartner.
  • FireAI reports 82% quarter-on-quarter realized revenue growth and a 520% quarter-on-quarter increase in total contract value.
  • The company serves sectors including logistics, banking, government, and consumer brands.
  • Named clients include IRCTC, Plum, Dana Choga, Living Liquidz, Government e-Marketplace (GeM), and Noise.

About the business

  • FireAI is a causal decision intelligence platform that provides real-time, explainable insights using anomaly detection and causal chain analysis.
  • It integrates with existing enterprise systems and supports a natural language interface in 90+ languages.
  • The company serves clients in logistics, banking, government, and consumer brands.
  • Named clients include IRCTC, Plum, Dana Choga, Living Liquidz, GeM, and Noise.
  • FireAI has raised a total of ₹6.2 crore in pre-seed and seed rounds prior to this round.

What happens next

  • Expand enterprise sales team and regional presence.
  • Invest in R&D for causal capabilities.
  • Set up new office spaces.

The deal

Type
seed

Investors

  • SucSEED Indovation Fund (lead) — Existing seed backer; Managing Partner Vikrant Varshney commented on the investment.

Founders

  • Vipul Prakash, Founder and CEO

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