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Latest Dov Kagan News

Ex-Biocon president, others back sales and planning solutions startup Racetrack.ai

Aug 2, 2018

Racetrack.ai, an artificial intelligence startup offering sales and planning solutions, has raised $5 million (Rs 34.3 crore) in a pre-Series A round from Murali Krishna, ex-president and founding member, Biocon; Dov Kagan, a US-based investor; and others, a press release said. The round also saw participation from a few others from Singapore and Mauritius as well as existing investors. With the fresh funds, the company plans to venture into new markets and business verticals, it said in a press statement. Subrat Parida, founder and chief executive of Racetrack.ai, said the firm is preparing to launch its overseas operation bases in the US, Mauritius and Singapore soon. “This move will help us delve into newer business verticals like retail, banking and healthcare. This boost in our physical presence will open new doors for us to partner intercontinental brands and decision-makers while helping us to create global footprint in the artificial intelligence industry,” Parida said. Racetrack offers two flagship products – Marvin and Turing. Marvin is a smart bot for sales and support, and Turing helps in business planning and execution. The startup focuses on business verticals like BFSI (banking, financial services and insurance), education, healthcare, hospitality, and real estate. The startup’s products help businesses to analyse consumer requirements and sentiments, suggest solutions and aid smooth on-boarding of users. Other deals in the space A number of startups offering sales solutions and customer management platforms have attracted interest.

Dov Kagan Investments

1 Investments

Dov Kagan has made 1 investments. Their latest investment was in Racetrack.ai as part of their Angel on August 8, 2018.

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Dov Kagan Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/1/2018

Angel

Racetrack.ai

$5M

Yes

1

Date

8/1/2018

Round

Angel

Company

Racetrack.ai

Amount

$5M

New?

Yes

Co-Investors

Sources

1

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