Metis raises Rs 1.3 Cr led by Inflection Point Ventures

Metis Intellisystems, an artificial intelligence and machine learning platform for BFSI, has raised 1.3 crore in a round led by Inflection Point Ventures.

The funds will be used to build pioneering solutions, optimize strategic use cases, and explore local and global outreach avenues., Metis said in a press release.

Metis uses Artificial Intelligence and Machine Learning to create solutions by capitalising on, triangulating, and collating  Multiple sources of information. As per the company, it creates a comprehensive and unified understanding of the customer, enhancing the precision and effectiveness of financial technology solutions.

The company’s advanced decision-making platform QANAT accurately analyses bank statements and GST data. Within two months of Metis’ product launch, the company has secured partnerships with financial institutions, both domestic and international.

The digital lending sector, in which Metis operates, is projected to grow significantly, from its current valuation of $270 billion to $1.3 trillion by 2030.

So far, Inflection Point Ventures has invested over Rs 700 crore across more than 200 startups. In 2023, the angel investment platform announced 14 exits giving an initial rate of return (IRR) of 61% to its investors.