New Delhi: Instoried, an artificial intelligence-driven content intelligence platform, has raised $8 million funding from Pritt Investment Partners and 9Unicorns with participation from Mumbai Angels, Venture Catalysts Angel Fund, SOSV and a few HNIs.
The funds will be used to further strengthen tech stack, enter newer geographies and expand the team and operations.
We are happy to be associated with instoried and looking forward to seeing the instoried build a great company going forward. This fundraiser will help them exponentially grow in the US market.” ~ Kaivan Shah, JITO Angel Network Investor.
The product offering includes both content evaluation and creation, some of the features being short form content generation, emotional quotient analysis, grammar check, plagiarism check, headline analysis, tonality check and panel testing, it was stated.
Founder & CEO, Instoried, Sharmin Ali, said: “With all brands selling online and the world going virtual, we were able to identify a huge opportunity in this adversity (pandemic time) and have grown 50X in the last one year”.
“We are now looking at scaling operations in the US. This fundraiser will help us go to market, build a strong team in the US and add more product offerings to our existing portfolio”, she added.
JITO Angel Network investors have been a very early believer in the company and have previously raised USD two million from investors including SOSV, Artesian Investments, Mumbai Angels, 9Unicorns, Venture Catalysts, and Rockstud Capital.
