GenAI Start Up Vodex Secured $2M in a Seed Round

Fund raised from Unicorn India Ventures & Pentathlon Ventures

Generative AI (GenAI) company Vodex has secured $2 million in a seed round from Unicorn India Ventures and Pentathlon Ventures. The company said the funds will be used for its global expansion plans, saying it will scale its business by “at least” four-fold within the next year.

This latest funding round follows Vodex’s earlier success in raising $320,000 in a pre-seed round led by 100X.VC in July 2023.

Anshul Shrivastava, CEO, Vodex, said, “This investment is a testament to the immense potential of Generative AI in revolutionising sales. Vodex will invest in building a dedicated and highly trained support team to ensure exceptional customer service. We are confident that by quadrupling our revenue in the near future, Vodex will become the go-to solution for businesses seeking to unlock the power of Gen AI-driven sales.”

Offerings from Vodex

Vodex offers AI-based solution for sales calls

The SaaS offering of Vodex generates human-like voice conversations, empowering businesses to accelerate their sales cycle.

Since 2022, Vodex has worked with businesses worldwide with its proprietary Gen AI-powered outbound voice calling solution.

Co-founded by Shrivastava and Kumar Saurav, Vodex uses its Generative AI solution to craft voice conversations that mimic human interaction in outbound sales calls.

 “We see disruptive capabilities in Vodex to emerge as a formidable player by applying the power of GenAI and SaaS to help enterprises manage their CRM engagements more efficiently,” said Bhaskar Majumdar, Managing Partner, Unicorn India Ventures.

Vodex previously raised a pre-seed round from 100X.VC.

Unicorn India Ventures recently announced its first close of Rs 1000 crore Fund III.

The company said that it has made a $1 million annual recurring revenue within just a year, demonstrating its rapid growth and market potential.

Kumar Saurav, chief technology officer at Vodex, expressed excitement about the company’s next chapter, saying, “Vodex offers businesses a powerful tool to expand their reach, qualify leads and close deals with unprecedented speed and scale, all while delivering a natural and engaging customer experience.”