Vianai Systems, an AI startup founded by the former CEO of Indian IT services giant Infosys, announced Wednesday that it has raised $ 140 million in a round led by SoftBank Vision Fund 2.
The two-year-old startup said a number of industry giants also took part in the new round, bringing total revenue to at least $ 190 million so far. The startup raised $ 50 million in its seed funding round, but no information is available on the size of its Series A round.
Details of what exactly the startup, headquartered in Palo Alto, is doing are unclear. In a press release, Dr. Vishal Sikka that the startup is building a “better AI platform that puts human judgment at the heart of systems that offer tremendous AI capabilities to enhance human potential.” Sikka, 54, stepped down from the top position at Infosys in 2017 after months of disputes between the board of directors and a cohort of founders.
“Vianai helps its customers increase the transformation potential in their companies by using a variety of advanced AI and ML tools and taking its own approach to thoughtfully bringing people and technology together. This human-centered approach sets Vianai apart from other platform and product companies and enables its customers to deliver on the true promise of AI, ”said the startup.
The startup claims to have won many of the world’s largest and most respected companies, including insurance giant Munich Re, as clients.
Investors include Jim Davidson (co-founders of Silver Lake), Henry Kravis and George Roberts (co-founders of KKR), and Jerry Yang (founders of AME and co-founders of Yahoo). Dr. Fei-Fei Li (Co-Director of the Stanford Institute for Human-Centered AI) has joined the Advisory Board of Vianai Systems.
“We believe that in the wake of the AI revolution, Vianai’s human-centric AI platform and products are providing global companies with operational and customer information to make better business decisions,” said Deep Nishar, senior managing partner at SoftBank Investment Advisers in a Explanation. “We are pleased to have Dr. Sikka and the Vianai team to work together to support their quest to deliver on AI’s promise to drive fundamental digital transformations. “