Bengaluru based AI start-up Clootrack Software Private Limited ("Clootrack") has announced raising $500K in seed funding from Indian Angel Network (IAN), the country's largest horizontal seed stage funding platform. Led by IAN, the round also saw participation from Unicorn India Ventures (existing investor), SEA Fund and Malabar Angel Network. Anthony Thomas, Global CIO, Nissan Motors and Salliel Gupta have led the round on behalf of IAN with Anthony joining the company board. IAN investor group also includes Kris Gopalakrishnan (Co Founder, Infosys). Founded in April 2017, Clootrack is the first of its kind AI-driven data analytics platform that discovers and measures brand perceptions in real time.

The odds of getting venture capital funding for an early stage startup is about one in one thousand. It's unsurprising that every now and then startups seek the best way to raise capital and scale their companies. With this in mind, EVC Ventures hosted an Artificial Intelligence Venture Capital Bootcamp along with BW Businessworld and some other investment partners including Sequoia Capital on 24 March, 2018 at EVC Ventures, India. This Bootcamp witnessed participation of leading global investors and industry experts from BCG, BW Businessworld, Sequoia Capital, EVC Ventures, YourNest Venture Capital, Indian Angel Network, Unifyed and many more. The AI Venture Capital Bootcamp received tremendous interest from startups all over the country.

Gurugram based, AI driven e-commerce fraud prevention start-up ThirdWatch has raised an undisclosed angel funding, led by lead investor Mr. Rahul Agarwalla from the Indian Angel Network. This also marks Indian Angel Network's first investment from the Rs. The round also has had participation from Mr. Keshav Sanghi, former MD of Goldman Sachs India & founder of VentureWorks India along with Batlivala & Karani Securities. Launched in April 2016 by ex HT Mobile Solutions (a HT media company) CTO, Adarsh Jain and Tech Lead, Shashank Agarwal, ThirdWatch is arguably India's first AI for real time fraud detection and prevention. Its flagship product Mitra, evaluates and flags every transaction in real-time as fraudulent or genuine on the basis of a Trust Score.