AI startup Nayya has just announced the close of its Series A investment round in the amount of $11M. The funding was jointly led by Felicis Ventures and Wiggers Ventures, two firms that focus on early-stage investments.
Nayya is a security platform that uses AI and machine learning to prevent data breaches. It provides visibility into data movement and usage across all company systems. Additionally, it can detect threats that can compromise proprietary data, allowing companies to make proactive data security decisions.
This investment round comes at a time when data breaches are becoming increasingly common. A recent Ponemon Institute study found that the average total cost of a data breach is now nearly $4 million. Companies are increasingly relying on AI and machine learning solutions to help prevent the impact of these breaches.
This funding round signals the importance of AI in cybersecurity. AI helps automate detection and analysis of malicious activity, allowing companies to respond to threats more quickly. With this additional capital, Nayya expects to expand its platform, grow its engineering and sales teams, and build upon its existing partnerships.
Every company should be concerned about data security, especially those who store sensitive customer data. Nayya AI provides an innovative solution that can help protect businesses from the devastating financial and reputational impacts of data breaches. The recent investment in Nayya demonstrates the potential of AI in this area and its potential to reduce the impact of these incidents.
VentureBeat: Felicis Ventures and Wiggers Ventures invest $11M in AI Start-Up Nayya AI
VentureBeat has just announced that two leading venture capital firms, Felicis Ventures and Wiggers Ventures, have invested $11 million in Nayya AI, an artificial intelligence start-up. Nayya AI, founded in 2015 by former Microsoft engineers, is an AI platform designed to make data-driven decisions to improve efficiency and productivity in the workplace.
The investment will be used to expand Nayya AI’s artificial intelligence platform, which is used by businesses to automate their workflow. The platform can track, monitor and analyze company processes so that businesses can make better decisions. The AI platform can also help optimize processes within businesses, such as hiring, managing projects, and even marketing.
In terms of market demand for AI, Nayya AI’s focus on the enterprise market couldn’t come at a better time. With the rise of Augmented Reality and Automation, the need for AI in the workplace is increasing rapidly. In fact, according to research from Markets and Markets, the global AI market is estimated to grow from $16.06 billion in 2017 to $190.61 billion in 2025.
It is clear that Felicis Ventures and Wiggers Ventures believe in the potential of Nayya AI. With $11 million in investments, the AI start-up will be able to expand its platform and reach a broader market. This is just the start for Nayya AI; the company is certainly one to watch in the future.
AI Company Nayya AI Closes $11M Series A Funding Led by Felicis Ventures and Wiggers Ventures
The world of artificial intelligence is changing the way we do business, revolutionizing both how we use and interact with technology. And one AI company, Nayya AI, is taking advantage of this shift to bring advanced, AI-driven solutions to the enterprise. This week, the company announced it has closed an $11 million Series A funding round led by Felicis Ventures and Wiggers Ventures, which it will use to continue to fuel its growth in the AI solutions space.
Nayya AI, founded by former Microsoft technologist and entrepreneur Parimal Mehta, is focused on providing intelligent, AI-driven solutions to enterprises. It works with medium-to-large organizations to empower their digital transformation and growth, with the goal of becoming a global leader in AI solutions. With this new funding, Nayya AI will look to expand its AI solutions, including its Machine Learning Platform, which helps organizations create and deploy machine learning models.
Nayya AI’s Series A funding will also be used to further develop its bespoke AI solutions for enterprise customers. The goal is to help organizations easily integrate AI into their existing IT infrastructure and accelerate the time to value of any AI-driven project. In addition, the company plans to expand the its team of AI engineers, data scientists and software engineers, as well as invest in research and development of its AI solutions.
With this new funding, Nayya AI is poised to continue its rapid growth and expansion in the AI space. As AI adoption becomes more prevalent, Nayya AI is positioned to be a leader in the industry, helping organizations make the most of this technology to drive innovation, growth and increased efficiencies.