FireAI, a startup that uses AI for business intelligence, has raised INR 4 crore in a seed funding round led by Inflection Point Ventures, an angel investment firm based in Gurugram.
The startup will use the funding to develop new products, including innovations like Causal Chain, Text-to-SQL capabilities, and a proprietary ETL tool that improves scalability, speed, and user experience.
The company will also focus on hiring skilled tech professionals and expanding into new markets.
Vipul Prakash, Founder & CEO, FireAI, said, “From India for the world, we’ve only just begun, this is just 20% of what we aim to achieve. At Fire AI, we’re building bold and meaningful innovations like Causal Chain, India’s first diagnostic analytics platform, designed not just from a technical perspective, but through the eyes of real stakeholders. Our aim is to enable businesses, truly and meaningfully. Collaboration with IPV reaffirmed our belief that business intelligence for the future depends on simplicity and accessibility.”
“With Fire AI, we are redefining how organisations interact with data, shifting away from complex dashboards to real-time, conversational insight. Our ambition is to give each decision-maker real-time intelligence, fueling growth and innovation,” Prakash said.
“AI today is transforming all facets of life. However, it has also caused an overload of data without any means to interpret it or turn it into actionable next steps. This gap often leads to underutilization of AI or misinterpretation of data. FireAI’s business intelligence makes this data conversational & accessible. Providing clear insights for future decision making effectively saving crucial time and resources for businesses,” said, Vinay Bansal, CEO & Co- founder, IPV.
FireAI was founded by Vipul Prakash and uses its own AI engine to provide descriptive and diagnostic analytics for businesses. The platform can connect with over 700 data sources and serves clients, including the Government e-Marketplace (GeM). The team has 30 members.
The company creates conversational, real-time business intelligence tools, allowing users to interact with data directly instead of using complicated dashboards.
FireAI has expanded internationally to Dubai, Abu Dhabi, Africa, and Kenya as a certified OEM partner.
The company also works with Alchemist LLP as its channel partner to support growth and reach more clients.
FireAI, focused on making data easy to access and use, says its platform can improve forecasting accuracy by 30% and provide real-time alerts that help businesses make faster, better decisions.
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