Metaforms raises $9 Mn from Peak XV, Nexus and Together Fund

Bengaluru-based AI startup Metaforms has raised $9 million in a Series A funding round led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund. 

The proceeds will be used to triple its engineering and AI research team in Bengaluru, expand into report generation and voice-based research, and integrate further with research tools like Decipher, SPSS, and Confirmit. 

Founded in 2022 by Akshat Tyagi and Arjun S, Metaforms builds AI agents that automate workflows for market research agencies, enabling them to scale operations and improve turnaround times.

Its AI agents automate survey programming, data processing, and vendor coordination. 

"When research agencies grow, better business decisions get made," said Akshat Tyagi, co-founder and CEO of Metaforms. "We're not here to replace the humans in the loop. We're here to give them leverage."

Since launching commercially, the firm claims to have onboarded four of the top 20 global research agencies, including Strat7, and currently processes over 1,000 surveys per month. It aims to process over 100,000 surveys annually in the long term.