AI-based solutions start-up Parallel Dots raises $1.4 million from Multipoint Capital

New Delhi: Parallel Dots, a three-year old start-up developing artificial intelligence-based solutions for different industry verticals, has raised $1.4 million from US-based Multipoint Capital, the company said on Tuesday. Multipoint Capital had earlier invested $600,000 in the company last year. Parallel Dots was launched in January 2014 and was incubated at TLabs, the start-up incubator managed by Times Internet. Parallel Dots, which has offices in Gurugram and Delaware, US, is an applied AI research firm that licenses its technology to enterprise clients. In an interview, co-founder Angam Parashar said the solutions are used by companies in financial technology, insurance, healthcare, and market research.