Data Sutram Secures $9 Million Funding to Enhance AI-Driven Platform
Mumbai-based fintech startup Data Sutram has raised $9 million in a funding round co-led by venture capital firms B Capital and Lightspeed, according to founder and CEO Rajit Bhattacharya. The financing was a mix of primary and secondary funding. Data Sutram specializes in enabling financial institutions to curb fraud and ensure regulatory compliance through its artificial intelligence (AI)-driven platform.
The capital infusion will be utilized to expand the company’s team, enhance product capabilities, and accelerate the development of its platform. Bhattacharya stated that the funds would be instrumental in boosting Data Sutram’s growth and innovation in the fintech sector.
Data Sutram’s platform is designed to help financial institutions navigate complex regulatory landscapes while minimizing the risk of fraud. With the new funding, the company is poised to strengthen its position in the market and drive further advancements in financial technology.
The funding comes at a time when fintech companies are increasingly leveraging AI and other cutting-edge technologies to offer sophisticated solutions to traditional financial institutions. Data Sutram’s achievement underscores the growing importance of innovative fintech solutions in the financial sector.
