Bengaluru-based Cheerio AI, an AI-powered customer engagement platform, secured Rs 8 crore in seed funding led by Artha Venture Fund II to develop multi-modal AI capabilities, including a proprietary small-model large language model for ad generation and expanding into voice and video.
Why it matters
This funding round underscores the continued investor interest in AI-native startups, particularly those leveraging advanced AI like multi-modal capabilities and specialized LLMs to transform customer engagement. It highlights the growing trend of AI integration into core business functions, promising enhanced automation, personalization, and efficiency in enterprise communication workflows.
Cheerio AI, an Indian company that uses artificial intelligence to help businesses interact with their customers, has raised Rs 8 crore in funding. They plan to use this money to build more advanced AI features, like their own small AI language model for creating ads and expanding their service to handle customer interactions through voice and video, not just text.
The article discusses the long-term viability of 'vibe coding' startups, which leverage AI for easy app creation via prompts, as AI advances and profit margins decrease.
Read on Economic Times Tech →AI platform NudgeBee has secured $3 million in a funding round led by Kalaari Capital to enhance its core platform and expand its market reach for AI-led automation in enterprise cloud operations.
Read on Economic Times Tech →Fermi, a nuclear power startup co-founded by Rick Perry, has seen its CEO and CFO depart amidst challenges with its AI campus in Texas.
Read on TechCrunch →