FireAI, an AI-powered business intelligence (BI) startup, has raised Rs 4 crore ($480,000) in a seed funding round led by Inflection Point Ventures (IPV). The company aims to redefine how enterprises interact with their data through conversational analytics and real-time insights.
Building the Future of Data Interaction
Founded by Vipul Prakash, FireAI enables enterprises to go beyond static dashboards by offering interactive, AI-driven business intelligence. Its proprietary AI engine delivers descriptive and diagnostic analytics, integrating with more than 700 data sources. The platform already serves clients such as Government e-Marketplace (GeM) and operates with a 30-member team.
The company’s upcoming innovations include a Causal Chain diagnostic analytics platform, Text-to-SQL functionality, and a proprietary ETL tool, all designed to simplify complex data workflows. FireAI’s solutions allow business users to ask questions and get instant, data-backed answers — reducing dependency on analysts and improving forecasting accuracy by up to 30%.
Expanding Global Reach
Beyond India, FireAI has expanded its operations to Dubai, Abu Dhabi, Africa, and Kenya, where it functions as a certified OEM partner in collaboration with Alchemist LLP. The funds from this round will accelerate product development, strengthen its team, and support entry into new international markets.
Market Outlook
With the global AI and data analytics market projected to grow from $74 billion in 2024 to $482 billion by 2033, FireAI is positioning itself at the forefront of this transformation. In India, the sector is expected to grow nearly tenfold, from $2.6 billion to $27 billion during the same period.
By combining conversational AI with real-time analytics, FireAI aims to make data more accessible, actionable, and intelligent empowering businesses to make faster, smarter decisions.
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