Ratan Tata-backed AI startup Niki.ai raises $2 mn in Series A round

Bangalore-based Niki.ai, which runs an artificial intelligence-powered personal assistant, has raised $2 million (about Rs 13 crore) in a Series A round of funding from San Francisco-based fund SAP.iO and existing investor Unilazer Ventures. VCCircle had exclusively reported on this development last month. Haresh Chawla of private equity firm True North, and Arihant Patni of Hive Technologies also invested, besides some US- and Germany-based investors, the company said on Wednesday. Software giant SAP launched SAP.iO with an initial investment of $35 million in March this year. The fund seeks to make early-stage investments in software startups with an aim to expand the SAP ecosystem.