Four portfolio startups of Invention Engine, a founder-led accelerator focused on early-stage AI and deep tech companies, have collectively secured approximately $2.5 million in a new funding round.
The startups that received this investment include Sonic Lamb, Cheerio AI, Desible.ai, and Magicroll. Sonic Lamb, known for its India-designed headphones, raised $1 million to expand its brand globally, particularly in automotive and pro-audio sound applications. Cheerio AI, a no-code AI marketing automation platform, received around $1 million to enhance its customer engagement and retention automation capabilities. Desible.ai, a conversational infrastructure platform for the banking, financial services, and insurance (BFSI) sector, secured $250,000 to develop AI-powered voice agents with multilingual and empathetic features. Magicroll, an AI-powered video editing platform, obtained $100,000 to further improve its content personalization and go-to-market strategies.
Invention Engine has also introduced the ‘ACE $100k’ cohort, offering $100,000 per startup in patient capital. This initiative aims to support early-stage startups focusing on AI-led innovations, expanding the reach of its investment program in India.
Source: Entrackr : Latest Posts