HaiVE.Tech, an innovative on-premises AI provider, has raised $1 million in its pre-seed round led by Mohan K, founder and CEO of IppoPay. This capital injection marks a significant milestone for the company as it positions itself for further expansion and growth in the AI industry.
The pre-seed funding will enable HaiVE.Tech to ramp up its operations by expanding its engineering and marketing teams, the company said in a press release. With an increased workforce, it plans to cater to its existing client base and those on its waitlist.
Founded by Deepika Loganathan and Aravinth Ramesh in 2023, HaiVE offers on-premise business specific tuned AI solutions for fintech clients in Australia and India. The platform enables businesses to offer personalized and seamless customer support across multiple channels. It can help increase customer satisfaction, boost conversions, and improve overall business performance.
The company has already amassed a waitlist of clients across multiple continents, demonstrating the global demand for its services. HaiVE.Tech plans to expand its reach to e-commerce companies in various geographies.