Uzha
Sign in
← Today's brief

Deals · Updated 21 Oct, 05:03 pm IST

Enterprise AI startup AuxoAI raises $20.7M Series A led by NTTVC

Image: Inc42

Why it matters for readers: Explains how some AI startups focus on combining human engineers and software to build custom systems for businesses.

  • AuxoAI raised $20.7 million in a Series A round led by NTTVC, a Silicon Valley VC backed by Japanese telco NTT.1
  • Other investors joining the cap table include George Still Jr (Norwest Venture Partners), Amit Zavery (ServiceNow), and Giacomo Santina (Charlesbank Capital Partners).1
  • Funds will be used to deepen ecosystem partnerships, expand the pool of forward deployed engineers (FDEs), and invest in proprietary technology and AI-native delivery capabilities.1
  • AuxoAI pairs AI strategists and engineers with enterprises to build custom workflows and context-based AI systems, using its Damia platform.1
SaveAsk about this story
Report a mistake in this summary

Get a brief like this every morning

Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.

Get started