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Early-stage startups OptIQ, Wright Analysis elevate funding

Early-stage startups OptIQ, Wright Research raise funding

Credit score: 123RF.com

Cloud automation startup OptIQ on Wednesday stated it has raised $1.5 million (round Rs 12 crore) as part of its pre-seed funding spherical from Higher Capital and Carya Enterprise. 

The spherical additionally noticed participation from a clutch of angel traders together with Akash Singh (Observe.AI), Akhil Bhiwal (Phyllo), Anil Advani (Inventus Regulation) and Vaibhav Raj Gupta (Airblack), amongst others. 

The Palo Alto and Bengaluru-based platform plans to make use of the recent funds to broaden its workforce, scale up product portfolio and set up its go-to-market (GTM). 

Based by Keshav Murthy and Harsh Sahu this yr, OptIQ gives an autonomous AI platform that creates and secures a scalable, compliant cloud infrastructure stack for startups and scaleups, it stated in a press release. 

“Huge organizations like Google, Apple, Netflix and Uber can afford to place a lot effort and sources into automation to play the roles of deploying, scaling, monitoring, and safety compliance. They not have a devops workforce….therefore OptIq gives the identical high quality answer to Builders in Software program Corporations,” stated Murthy. 

“DevOps is extra essential than ever earlier than and on the similar time corporations are struggling to scale their groups with the fitting expertise. OptIQ solves this by ‘productizing DevOps’ so corporations of all sizes get the identical stage of DevOps automation as massive corporations however for a fraction of the price,” stated Vaibhav Domkundwar of Higher Capital. 

Quant and AI-driven funding advisor Wright Analysis has raised seed funding of $1 million (round Rs 8 crore) from Orios Enterprise Companions. 

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The Mumbai-based startup plans to deploy the recent capital for enterprise enlargement, ramping up expertise stack and accelerating its foray into institutional fund administration. 

Based by Sonam Srivastava in 2019, Wright Analysis makes use of deeptech, AI and ML modules to speculate utilizing Quant analysis. It gives providers in fairness advisory, thematic portfolio subscription, mutual fund advisory and in algorithmic fashions for buying and selling futures and choices. 

“The Indian market has myriad alternatives, which come and go dynamically, which is why well-researched and risk-managed quantitative funding methods can actually flourish right here..,” stated Srivastava. 

“We’re excited to accomplice…to offer a quant-based hedge fund method to retail traders and consider that this represents an especially refined technique in investments so far accessible solely to excessive ticket dimension traders,” stated Rajeev Suri, managing accomplice at Orios Enterprise Companions. 

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