PE-VC Fund Investments
Identity verification enabler Equal AI raises $30-M led by Prosus, Tamales Bay Capital
Hyderabad-based call management and identity verification startup Equal AI has raised USD 30 million in a Series B funding round led by existing backers Prosus Ventures and Tomales Bay Capital. The round also included participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, Zubin Bharti Mittal from the Airtel Family Office, Skyflow AI co-founder Anshu Sharma, Meta India’s Sandhya Devanathan, and CtrlS Datacenters chairman Sridhar Pinnapureddy.Founded in 2022 by Keshav Reddy and former Swiggy executive Rajeev Ranjan, Equal AI initially operated as a B2B (business-to-business) identity verification aggregator before diversifying into the consumer AI space.The new funds will be used to expand its offerings beyond call management into shopping, financial services, communications, and lifestyle use cases. The company also aims to develop a program for smartphones that can function as an AI assistant for users.
In Sep 2024, Equal Identity had attracted about $10-M from Blume Ventures, DST Global, Gruhas, Prosus Ventures, Quona Capital, Tomales Bay Capital and others.
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