India, Oct. 15 -- AI-native data security platform Matters.AI (erstwhile known as OptiQ.AI) has raised INR 42 Cr ($4.7 Mn) in seed funding co-led by Kalaari Capital and Endiya Partners.

The startup is planning to deploy the fresh capital to scale its presence, invest in research and development (R&D), improve its reasoning capabilities, and increase integration capabilities across multiple frameworks.

A part of its funding amount will also be utilised in go-to-market (GTM) efforts towards North America. The startup's cofounder Keshava Murthy told Inc42 that the North America expansion would help the startup grow its annual return rate (ARR) by 5x, maintain 58% quarter on quarter (QoQ) growth, and build a strong team.

"We plan for a lar...