SaaS platform Actyv.ai raises $5 million from CEO’s family office

Bengaluru: Actyv.ai, an AI-powered enterprise software-as-a-service (SaaS) platform, has raised $5 million in a funding round from Dubai-based 1Digi Investment management firm, the family office of Raghunath Subramanian, its global CEO, according to a company statement.

Actyv.ai solves complex business and real-life problems for enterprises by leveraging existing IT systems, the statement said.

The company plans to bring on board top-tier talent across research and development, product management and engineering, sales and marketing, and business development and corporate development from across India, Singapore, London, Dubai and eastern Europe, the press statement added.

“We have pioneered buy-now-pay-later in the closed loop ecosystem comprising enterprises, small and medium businesses (SMB), and financial institutions. Actyv.ai’s platform enables quick and efficient onboarding, comprehensive health assessment and scoring of SMBs. As category creators we know there is a tremendous opportunity to bridge the gaps in the supply chain ecosystem globally,” said Subramanian.

“Having created the platform which brings together the financial institutions and enterprises to help SMBs, we are confident that Actyv.ai has the potential to reach the under-served category and evolve as a game-changer in the B2B space,” he added.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.