Team StartupCity

• FireAI secures Rs 4 crore seed round led by Inflection Point Ventures (IPV).
• Plans to enhance AI powered analytics tools and expand into new markets.
• Startup serves clients like Government e-Marketplace and operates in Middle East and Africa.

AI powered business intelligence startup FireAI has raised Rs 4 crore ($480,000) in a seed funding round led by Inflection Point Ventures (IPV). The fresh capital will help FireAI develop its innovative products and grow its team while expanding into new international markets.

Founded by Vipul Prakash, FireAI’s platform uses a proprietary AI engine to offer descriptive and diagnostic analytics. Its technology connects with over 700 data sources and supports major clients such as the Government e-Marketplace (GeM). The startup currently employs 30 people.

FireAI’s standout feature is its conversational, real-time business intelligence tools that let users interact directly with data, avoiding complicated dashboards. The startup is working on key product upgrades including a Causal Chain diagnostic analytics platform, Text-to-SQL functionality, and a custom-built ETL tool to make data handling smoother and smarter.

The company has also expanded its reach beyond India, operating in Dubai, Abu Dhabi, Africa, and Kenya through a certified OEM partnership and collaborating with Alchemist LLP as its channel partner.

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FireAI aims to make data more accessible and actionable for all business users, helping companies improve forecast accuracy by 30% and receive real-time alerts for faster decision making.

Industry estimates show the global AI and data analytics market could grow from $74 billion in 2024 to $482 billion by 2033, with India’s market set to rise from $2.6 billion to $27 billion during the same period.