Adya.ai, a digital commerce and technology solutions provider, secured Rs 10.5 crore in its pre-Series A funding round, with leading participation from Angel Network investors including Uday Chatterjee, Romesh Sobti, Sri Prakash and Hari Balasubramanian. The Indian Angel Network (IAN) contributed Rs 3.75 crore in this funding phase, supplemented by involvement from additional strategic investors. Adya.ai intends to utilize the funds to advance its innovative solutions, bolster its market position, and expedite the development of artificial intelligence technologies, according to a statement from the company.

Founded in 2023 by Shayak Mazumdar, Archana Mazumdar, and Angad Singh Ahluwalia, Adya.ai is a Software as a Service (SaaS)-based solution specializing in data security and protection against ransomware. Utilizing big data and machine learning, the platform identifies a company's most sensitive data, safeguards it from overexposure, and promptly notifies management in case of unauthorized access or misuse. The Bengaluru-based company's solution includes a dashboard enabling businesses to track user access to files and folders. Serving as the technology service partner for the Open Network for Digital Commerce (ONDC), Adya.ai plays a crucial role in key sectors such as retail, mobility, F&B, logistics, credit, insurance, and finance.

According to Adya.ai, its technology marketplace has facilitated more than 10 significant enterprise contracts, including collaborations with entities like Canara Bank, Aditya Birla Financial Limited, Hindustan Unilever, and others. The company focuses on sectors such as Consumer Packaged Goods (CPG), financial services, retail, and mobility. Indian Angel Network (IAN) Group, comprising IAN Angel Group, BioAngels and IAN Fund I, serves as a platform for seed and early-stage investments. Sector-agnostic, the fund has supported innovative startups across 19 sectors in India and seven other countries.