Technology
VedaCorp advised Rezolve.ai an AI-Powered employee service SaaS chatbot on its $11M Series A fundraise led by SIG Venture Capital and others
About
Rezolve.ai
Founded by Saurabh Kumar, Manish Sharma and Uday Reddy in 2017, Rezolve.ai is modern service desk that helps businesses automate their employee support, IT & HR tasks, and processes. Integrated within collaborative channels like MS Teams and Slack, Rezolve.ai offers advanced features such as Smart AI Chatbot, Twitter-Age Knowledge Management, AI-Powered Ticketing, Conversational Microlearning, Push Notifications, Desktop Automation, Live Expert Connect, Task Automation, Workflow Approvals and many more capabilities to elevate employee experience and create a frictionless workplace.
SIG Venture Capital
SIG Venture Capital is the Southeast Asian and Indian venture capital arm of the Susquehanna International Group of Companies, an international proprietary trading and investment enterprise founded in 1987. Over the last 18 years, SIG has made over 350 investments in Asia and exited over 70 companies through IPOs, M&As, or other means. A few of the notable companies in its global portfolio include Bytedance, Agora, Inshorts, Kumu, Paymaya, Mobile Premier League, Musical.ly, Paidy, and RedDoorz.
Background
We are pleased to announce that our client, Rezolve.ai, has raised ~$11 mn in Series A funding led by SIG Venture Capital with participation from Exfinity Venture Partners and follow-on investments from existing investors 9Unicorns and Tri Valley Ventures. The funds would be used to scale growth and further advance platform capabilities to deliver the industry’s most advanced employee service experience.
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to Rezolve.ai. This transaction further strengthens VedaCorp’s digital franchise by successfully taking to market many new age businesses in tough market conditions.
“The VedaCorp team was an incredible partner – working together like an extension of our own team. Their expertise and focused work was instrumental in us being better prepared for initiating the round all the way to a smooth and timely closing. We are fortunate to have been joined by a group of marquee SAAS investors who share our vision and passion for transforming the employee service experience.”
Saurabh Kumar
Co-Founder & CEO, Rezolve.ai
“Rezolve.ai has been in the forefront of automated employee support and built a solid SaaS product from India for the world. Led by strong founders, the Company has consistently been serving top global customers while continuing to innovate on product to remove human support. We are confident that funding from a global value adding investor like SIG will propel the company to greater heights.”
T S Abinandan
Director, Veda Corporate Advisors