New Delhi, May 13 -- Artificial intelligence-based startup Hyperbots, AI infrastructure startup Flam, Adopt AI, Alt DRX, TheAlphaCode.org, and TIEA Connectors have secured funding in early-stage rounds from venture capital firms, angel investors and various institutions, the companies said.

Hyperbots

Hyperbots has raised $6.5 million (Rs 55.5 crore) in a Series A round of funding led by Arkam Ventures and Athera Venture Partners. New investor JSW Ventures joined the round while existing investors Kalaari Capital, Sunicon Ventures and Darashaw & Company pitched in, too.

Hyperbots was founded by Niyati Chhaya, Ram Jayaraman, and Rajeev Pathak in 2023. The startup is headquartered in the US and has engineering operations in India.

It said the funds will fuel its go-to-market efforts in the US and help it build new AI co-pilots for finance teams, which includes the launch of HyperLM, a large language model trained solely on finance and accounting data.

The company is developing co-pilots for finance and accounting operations for tasks such as autonomous execution across core finance workflows. The AI-based co-pilot automates tasks across procure-to-pay (PTP), order-to-cash (OTC), expense management, analytics, and reporting processes.

Flam

AI infrastructure startup Flam has secured $14 million in its Series A round led by RTP Global, with participation from Dovetail and other strategic investors. With fresh funding, the company has raised $22 million to date.

The latest funding will fuel Flam's AI-led product development and innovation, expand its presence across North America, Europe, Middle East, and Asia. The company also aims to scale its proprietary infrastructure and broaden its partner program for creative studios and platforms.

The company, headquartered in San Francisco and Bengaluru, said it also plans to launch a new suite of products such as GenAI-driven 3D asset generation, integrated advertising suite, democratized MR publishing tools, and tailored analytics dashboards for industries such as retail, sports, broadcast and live events.

Founded in 2021 by Shourya Agarwal and Malhar Patil, Flam provides solutions to brands for customer engagement using its app-less platform which helps companies create mixed reality experiences across digital, television, retail and live events into interactive and engaging gateways. More than 100 major brands, including Google, Samsung, Emirates, Dabur, AJIO, Flipkart and Tanishq have previously launched mixed reality campaigns using Flam's infrastructure, the company said.

Adopt AI

Adopt AI has raised $6 million in seed funding and announced the launch of a platform to develop applications with intelligent agent capabilities.

The round was led by Elevation Capital, with support from Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and some angel investors.

Adopt AI was founded by Deepak Anchala, Rahul Bhattacharya, and Anirudh Badam. The startup has emerged from stealth mode. It provides solutions which streamline the creation and deployment of AI agents for software to companies with a no-code solution.

MedVital

Medtech startup MedVital has raised Rs 8.4 crore in pre-seed funding led by 4point0 Health Ventures, with participation from founders of Tata 1mg, NephroPlus, SafeExpress, Eye Q Hospital, Hexa Health, and AstroTalk.

The company said the funding will be used to strengthen infrastructure, expand MedVital's product portfolio, bolster its supply chain, and broaden its distribution network to cover tertiary care hospitals, rural clinics, and home-care settings.

The company was founded by Varun Gupta and Tarun Bansal, specialising in making advanced devices for skin repair, restoration, and regeneration. Its flagship product, NoWound is designed to improve healing across hospitals, clinics, and home-care settings.

Alt DRX

Alt DRX has secured Rs 23 crore ($2.7 million) in a pre-Series A funding round from investors including Qatar Development Bank, The Times of India's Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital.

The round also saw participation from angel investors such as cricket commentator Harsha Bhogle, Mindtree co-founder Parthasarathy NS, and former KPMG India CEO Richard Rekhy.

Bengaluru-headquartered Alt DRX helps users buy and sell tokenized residential properties with the help of algorithmic daily pricing, instant settlements, and blockchain-powered transparency. It uses cryptocurrency Ripple's blockchain infrastructure and ensures that KYC-whitelisted users' custodial ledger positions are securely recorded.

The company's founding team comprises Sachin Joshi, Anand Narayanan, Sanjeet Sahoo, Avinash Rao, and Avijit Mishra.

TheAlphaCode.org

The Bharat Young Entrepreneurs Fund has made its first investment with a $250,000 cheque into TheAlphaCode.org, an encrypted transactions platform for ultra-high net worth individuals (UHNIs), family offices, and sovereign wealth entities.

In the first tranche of investment, the fund also saw participation executives from major real estate companies.

The Alpha Code operates a platform which uses an encrypted vault to facilitate high-value real estate and legacy transactions and protect sensitive data, transactions, and identity markers. The company was in stealth collaboration with Bharat YEF's in-house innovation cell.

Bharat YEF was launched last month by Harshavardhan Chauhaan to back startups with $10 million in seed capital. It invests in idea-stage startups in categories like clean energy, deeptech, vernacular AI, and blockchain infrastructure, prioritizing potential over valuation.

TIEA Connectors

TIEA Connectors has raised Rs 22 crore in a pre-Series A round of funding led by Jamwant Ventures and Valour Capital, with participation from 8X Ventures and IvyCap.

"The company's demand is far exceeding supply, and this funding will enable them to scale operations, expand manufacturing capacity, and advance their R&D initiatives," said Karan Goshar, managing parter at Valour Capital.

The Bengaluru-based company was founded by Ajith Sasidharan (CEO) and Punit Shridhar Joshi (CTO). It specialises in the design, development, and manufacturing of customized industrial electronic and electrical interconnect solutions.

Published by HT Digital Content Services with permission from VC Circle.