VC Fund Investments
RPA s'ware startup Induced raises $2.3 M from Peak XV, Sam Altman, others
Co. Announcemen Economic Times
Silicon Valley- and Mumbai-based artificial intelligence (AI) startup Induced has raised USD 2.3 million in a seed funding round led by Peak XV Partners (formerly Sequoia India and SEA) and OpenAI's CEO Sam Altman. Signalfire, Superscrypt, SV Angel, IDEO Colab Ventures, Human Capital, On Deck and Untitled Ventures also participated in the funding round. Induced is an AI-backed browser robotic process automation (RPA) platform that allows automation of workflows that require real-time reasoning or dynamic judgement (filtering leads, cross-referencing documents, etc). The company was founded earlier this year by two Indian-origin teenagers, Aryan Sharma and Ayush Pathak. Induced is also part of AI Grant's Batch 2, an accelerator programme for AI startups established in 2017 by Nat Friedman, former CEO of GitHub, and Daniel Gross, an early investor in Stripe, Coinbase, and Figma. The startup has been backed by investors including Balaji Srinivasan (former CTO, Coinbase), Julian Weisser (co-founder, On Deck), Tyler Willis (co-founder, Unsupervised), Nakul Gupta (ex-Coinbase), Ankur Nandwani (founder, ZetaChain), Sudarshan Sridharan (founder, Pipeline), Rahul Agarwal (co-founder, Valent), Enzo Coglitore, Daksh Miglani (co-founder, Valent), Rahul Rai, Sanat Kapur (Dragonfly Capital), Kyler Wang and Karan Dalal.
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