Future AGI Raises $1.6 Mn in Pre-Seed Funding from Powerhouse, Snow Leopard
ECONOMY & POLICY

Future AGI Raises $1.6 Mn in Pre-Seed Funding from Powerhouse, Snow Leopard

Artificial intelligence (AI) infrastructure startup Future AGI has secured $1.6 million in a pre-seed funding round, co-led by Powerhouse Ventures and Snow Leopard Ventures, with participation from Angellist Quant Fund, Swadharma Source Ventures, and Saka Ventures, among others. The company intends to use the capital to enhance its product development, expand its engineering and growth teams, and strengthen its proprietary technology stack.

The raised funds will be crucial for advancing Future AGI’s technological capabilities and expanding its workforce. The company plans to develop new products, improve service offerings, and broaden its customer base, focusing on innovation and operational growth to increase its market presence.

Future AGI aims to address key industry challenges such as scalability and accuracy, which remain significant barriers to the widespread adoption of AI technologies. By fortifying its proprietary tech stack and scaling its operations, the company plans to deliver more reliable and scalable AI solutions for enterprise customers.

The pre-seed round also saw backing from venture capital firms with a strong track record in supporting early-stage tech companies. Powerhouse Ventures and Snow Leopard Ventures are known for their focus on emerging technology startups, while other investors brought industry expertise and confidence in Future AGI’s growth potential.

With this funding, Future AGI is well-positioned to accelerate its technology development, expand its engineering capabilities, and increase its customer base. The company’s next phase will centre on further enhancing its proprietary technology and bringing innovative AI infrastructure solutions to the market.

News source: n24

Artificial intelligence (AI) infrastructure startup Future AGI has secured $1.6 million in a pre-seed funding round, co-led by Powerhouse Ventures and Snow Leopard Ventures, with participation from Angellist Quant Fund, Swadharma Source Ventures, and Saka Ventures, among others. The company intends to use the capital to enhance its product development, expand its engineering and growth teams, and strengthen its proprietary technology stack. The raised funds will be crucial for advancing Future AGI’s technological capabilities and expanding its workforce. The company plans to develop new products, improve service offerings, and broaden its customer base, focusing on innovation and operational growth to increase its market presence. Future AGI aims to address key industry challenges such as scalability and accuracy, which remain significant barriers to the widespread adoption of AI technologies. By fortifying its proprietary tech stack and scaling its operations, the company plans to deliver more reliable and scalable AI solutions for enterprise customers. The pre-seed round also saw backing from venture capital firms with a strong track record in supporting early-stage tech companies. Powerhouse Ventures and Snow Leopard Ventures are known for their focus on emerging technology startups, while other investors brought industry expertise and confidence in Future AGI’s growth potential. With this funding, Future AGI is well-positioned to accelerate its technology development, expand its engineering capabilities, and increase its customer base. The company’s next phase will centre on further enhancing its proprietary technology and bringing innovative AI infrastructure solutions to the market. News source: n24

Next Story
Infrastructure Transport

L&T-Alstom Partnership to Upgrade Mumbai Metro Line 4

Larsen & Toubro (L&T), in partnership with Alstom Transport, has secured a contract to supply essential systems for Mumbai Metro's 35.2 km Line-4 and Line-4A (Green Line), which will connect Wadala, Kasarvadavali, and Gaimukh. Identified as Package CA-234, the contract includes the supply of 39 six-coach trains, totalling 234 coaches, along with Communication-Based Train Control (CBTC) signalling and train control systems, telecommunications infrastructure, platform screen doors, and depot machinery for the Mogharpada Depot. This project comes after Alstom's previous withdrawal from a similar ..

Next Story
Infrastructure Energy

Jio-bp to Expand Retail Network and EV Charging Infrastructure

Jio-bp, a joint venture between Reliance Industries and global energy major bp, is focused on expanding its retail infrastructure and enhancing customer experience to strengthen its presence in the downstream energy market. The company plans to establish 100,000 electric vehicle (EV) charging stations over the next 10-12 years, aligning with the Indian government's efforts to boost EV charging infrastructure and achieve net zero targets. Additionally, Jio-bp intends to open 1,000 retail outlets to sell compressed biogas (CBG) produced by Reliance's CBG plants. Jio-bp has introduced 480 kW ..

Next Story
Infrastructure Energy

Kolkata Metro to Install Power Backup System on Underground Stretch

Kolkata Metro Railway is set to install a Battery Energy Storage System (BESS) at the Central Station substation to enhance commuter safety during power outages. This system will ensure uninterrupted operations on the 16 km underground Tollygunge-Dumdum stretch of the Blue Line corridor (Dakshineswar-New Garia), which spans 28 km. The BESS, comprising inverters and advanced chemistry cell (ACC) batteries, will enable trains to operate at 30 km/h during power cuts or grid failures, ensuring that passenger-filled coaches can safely reach the nearest station. This initiative aims to improve both..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?