Induced AI, an emerging startup specializing in enterprise AI automation, recently achieved a significant milestone by securing $2.3 million in a recent funding round. This funding round attracted notable investors within the industry.
One of the prominent figures in this investment was Sam Altman, a co-founder of OpenAI, who played a pivotal role by contributing his extensive knowledge and experience. Other key participants in this funding round included Peak XV, SV Angel, Signalfire, Superscript, IDEO Colab Ventures, Human Capital, On Deck, Untitled Ventures, along with various other investors.
Founded earlier this year by two young entrepreneurs of Indian origin, Aryan Sharma (18) and Ayush Pathak (19), Induced AI is at the forefront of developing “AI workers” designed to act as an extension of a user’s team, capable of managing a wide range of tasks and projects. These activities cover sales, compliance, internal processes, and nearly any task that can be performed in a web browser.
What sets the company apart from other AI platforms is its cloud-first approach, ensuring that automated tasks seamlessly operate in the background without causing disruptions to the user’s computer. Additionally, the company adopts an infrastructure-centric strategy, creating a specialized browser optimized for running automated workflows, rather than relying on a standard browser.
Induced AI also garnered support from a notable group of angel investors during its initial funding round. This included individuals such as Balaji Srinivasan (former CTO of Coinbase), Julian Weisser (co-founder of On Deck), Tyler Willis (co-founder of Unsupervised), Cory Levy (from Z Fellows), Nakul Gupta (formerly at Coinbase), Ankur Nandwani (founder of ZetaChain), Sudarshan Sridharan (founder of Pipeline), Rahul Agarwal (co-founder of Valent), Enzo Coglitore, Daksh Miglani (co-founder of Valent), Rahul Rai, Sanat Kapur (from Dragonfly Capital), Kyler Wang, and Karan Dalal.
