VC Fund Investments
SaaS startup SuperOps.ai raises $14-M from Addition, Tanglin Ventures, others
Chennai-based unified Professional Services Automation (PSA) and Remote Monitoring and Management (RMM) platform SuperOps.ai has raised USD 14 million in a Series A round led by Lee Fixel-backed investment firm Addition and Tanglin Venture Partners. Returning investors Matrix Partners India and Elevation Capital, as well as angel investors Giovanni Sanguily, CEO of Honey CRM; Sidharth Malik, CEO of CleverTap; Groundswell Group executives Noel Wax and Lisa Woods; as well as Abhi Kumar, Partner at M12 Ventures, also participated in the round. SuperOps.ai will utilise the fresh capital to fuel R&D, and bring in more AI-based functionalities. It will also use part of the capital to hire a sales team in the US for its go-to-market strategy. The startup was founded in 2020 by Arvind Parthiban, who had earlier sold his marketing automation software company Zarget (to Freshworks) and Jayakumar Karumbasalam, who served as the vice president of engineering at Zarget.
From the Venture Intelligence PE-VC Deal Database: In May-21, SuperOps.ai raised $3-M from Matrix Partners India, Elevation Capital, and others.
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