The startup will be utilising the fund to expand its operation to the US, Mauritius, and Singapore markets. With the current funding, Racetrack.ai is valued at $21 Mn. The funding will also be used to launch bot-based kiosks by early next year which will be installed at public places such as hospitals, airports, and shopping complexes to guide customers in order to get the right product/destination. Marvin is a chatbot that provides sales support to clients whereas Turing is an online and offline business accelerator that helps in better business planning and execution. This boost in our physical presence will open new doors for us to partner with intercontinental brands and decision-makers while helping us to create global footprint in the AI industry." Founded in 2015 by Subrat Parida,Racetrack.ai is a sales and support-focused AI driven platform designed for education, real estate, and ecommerce sectors.

Artificial intelligence startup Racetrack.ai said it has secured $5million from a group of high net-worth individuals in a funding round that has valued it at $21 million. "With the fresh capital, we are now looking forward to announce our next overseas operation base in the USA, Mauritius and Singapore," Subrat Parida, founder of Bengaluru-based Racetrack.ai, "We further plan to raise our Series A by the end of this year." The 50-member startup, founded in 2015, offers two flagship products --a chatbot for sales and support, and a business accelerator that helps in better business planning and execution. "This move will help us delve into newer business verticals like retail, banking and healthcare. This boost in our physical presence will open new doors for us to partner with intercontinental brands and decision-makers while helping us to create global footprint in the AI industry," Parida said in a statement.