AI powered data analytics startup Monet Networks has secured $500,000 in bridge funding in a round led by Gurugram headquartered VC firm SenseAI Ventures.
SenseAI Ventures is an AI focussed fund that invests in early stage startups in these segments. The venture fund’s investments are spread across India and the US, with a portfolio like Cureskin, Jovian.m, Vernacular.ai, Tripeur, Niveshi, etc.
Monet Networks was founded by Anurag Bist. Anurag Bist is a serial entrepreneur and was earlier the co-founder of Vx-Tel, which was acquired by Intel for around $550 million. The clientele of Monet Networks include NBC Universal, Viacom CBS, Warners Brothers, MTV, HBO Europe, etc.
The US-headquartered startup, which has a technology centre in India, has patented technology that captures conscious and subconscious behaviour of consumers, which allows businesses to have a better understanding of the market.
Rahul Agarwalla, Managing Partner, SenseAI, said, “We are excited to partner with Anurag and join him in Monet’s journey to revolutionise consumer insights and personalisation in TV, OTT, politics, education, and beyond.”
The startup will use the funding to create AI-powered data analytics applications targeted at segments such as online education and gaming.