Eureka AI closes $20 million Series B investment round

NEW DELHI: Eureka, an AI enterprise software platform enabling mobile operators, has closed its Series B fundraising round. In support of the company’s global expansion, the round was co-led by investors from around the world- Aventure insurtech fund managed by Apis Partners, Gobi Partners, the Riyadh TAQNIA Fund and MECVentures.

Other investors that participated in the round included SG Innovate, GDP Ventures, Pacific Bridge, B&Y Ventures and Cianna Capital. They join existing investors in the company that include Softbank, PPF Home Credit, and East Ventures.

Eureka has built a proprietary AI enterprise software platform, Spectrum, that organizes mobile telecom data to deliver actionable intelligence. It enables enterprises in industries including banking, insurance, transportation, and FMCG to partner with mobile operators to deliver better services to their customers and acquire millions more.