Duke grads' artificial intelligence startup raises capital, launches on Shopify platform WRAL TechWire

A fledgling, artificial intelligence (AI) startup founded by two Duke University grads has closed on a round of venture funding. Toucan AI – started by North Carolina natives and Duke grads Arjun Devarajan and Vishnu Menon – raised an undisclosed sum from a number of sources. They include Investors include MTT Ventures, Silicon Road, Seraph Group and a syndicate of angel investors. The startup said it would use the funds to support its growth on the Shopify App store, an online selling platform that enable entrepreneurs to create a store and host it on the platform web servers. "We're very excited about the level of interest we have received from Shopify sites, the Shopify Partners Program, our new investors, and our selection as a showcase company for Venture Atlanta, the biggest venture capital conference in the Southeast," said Arjun Devarajan, CEO and co-founder of Toucan AI, in a statement.