AI startup Clootrack raises US$500K funding
Bangalore-based AI startup Clootrack Software has raised US$500,000 in seed funding round led by Indian Angel Network. The round also saw participation from IAN Fund, Unicorn India Ventures (existing investor), SEA Fund and Malabar Angel Network.
Anthony Thomas, Global CIO, Nissan Motors and Salliel Gupta have led the round on behalf of IAN with Anthony joining the company board. IAN investor group also includes Kris Gopalakrishnan (Co-founder, Infosys).
Founded in April 2017, Clootrack is an AI-driven data analytics platform that discovers and measures brand perceptions in real time. It does this based on analysis of customer conversations in various online media and customer care tickets. Clootrack discovers brand perception elements in an unsupervised manner from text conversations.
The company runs on proprietary deep learning algorithms based on proven mathematical models and has two pending patents.