AI Data Platform Resonance Raises Funding From IP Ventures

Resonance Data Management, which is a Gurgaon based Artificial Intelligence-driven enterprise data platform, has now secured an undisclosed amount of funding in the seed round from the Inflection Ventures.

The startup as of now has a plans to use to recruit new engineers and expand its sales presence in some of the international markets, said the announcement issued by the IP Ventures.

Resonance Data Management has developed data mining solutions like its flagship product, Rene, which captures and analyses client and sales data. The solution is capable of analysing unstructured data available in customer relationship management systems and emails.

The startup has already got the clients from the southeast Asian Market and US market, said the announcement.

Resonance was founded by the Rantej Singh and Shishir Kapoor in 2017. While Kapoor has worked with the Opera Solutions and Singh worked with the Thomson Reuters.

IPV not only carried out a deep due-diligence of our business but also provided us with detailed feedback from senior industry leaders, which greatly helped us in focusing on our strengths and addressing the gaps. IPV has opened many business development opportunities through its networking events

Kapoor and Singh

IP Ventures was founded by the CXO Genie in 2017, a platform which is floated by the Chief Financial Officer. Among the partner at the IP Ventures are the Mitesh SShah, the Former Chief Financial Office at BMS and Sumeet Kapur, the founder of the WellCure.com

IP Ventures’ earlier investments

Leben Care Technology, which is an AI-driven health-tech platform, has now secured an undisclosed amount of funding from the IP Ventures. The startup has also revealed that it would use the funds to strengthen sales and marketing teams while further to building on its product.

Intugine Technologies, a Bangalore based supply, and logistics chain management platform, secured funding from the IP Ventures to bolster operations and make additions to its sales team.

IP Ventures has also invested in the Internet of Things platform Shook. The funds will be going to be used by the startup to expand into the markets of the South East and Middle East Asia.

P.C: YourStory

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