Faraday, an AI-powered email client, raised $0.2 million in a pre-seed fundraising round led by AJVC earlier this year as the firm sought to increase its workforce, advance product development, and begin go-to-market operations.

Key Highlights

• Faraday — an AI-powered email client — raised $0.2 million in a pre-seed funding round, led by AJVC.
• The funds will support hiring, product development, office setup, and early go-to-market execution for Faraday. 

The funds have been used for recruiting, office setup, product development, and GTM execution, according to a business statement.

Faraday provides an AI-powered, distinctively unique email client designed to revolutionize how email experiences have traditionally been delivered. It presently supports all Gmail and Google-based email accounts, for both personal and business use. Outlook integration is set to be released soon.

Faraday links safely and easily with a user's email account upon express agreement. The solution then delivers a highly organized, contextually intelligent, and prompt-free email experience, significantly decreasing cognitive overload and increasing user productivity. Other changes include enhanced thread resolution, improved attachment management, semantic search, group summarization, and more.

The investment adds to AJVC's recent early-stage fundraising activity, which has focused on software and technology businesses. AJVC has led a pre-seed financing of Rs 1.5 crore for fashion IT company Iztri.

Also Read: Earthful Raises Rs 26 Cr in Funding Led by Fireside & V3 Ventures

AJVC's recent investments include Jaagruk Bharat, a municipal digital firm; GaadiMech.com, a car repair platform; Nuyug, a jewellery business specializing in celebration wear; and Mithila Foods, an FMCG company focused on Bihar-based food products.