e& capital invests in US-based AI startup Ikigai Labs

By Shilpa Annie Joseph, Official Reporter
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e& capital announced that it has participated in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data.

Through this funding round, Ikigai Labs has secured $25 million in this round, with contributions from e& capital, Premji Invest, and Foundation Capital. The funding will advance Ikigai Lab’s vision of transforming enterprises’ utilization of AI, enabling organizations to master AI through the Ikigai Academy and the easy, fast, and powerful Ikigai platform.

According to the statement, “Ikigai Labs offers a no-code AI solution, helping organizations address the challenges of harnessing large datasets and ensuring accurate forecasting. The company’s innovative approach combines state-of-the-art time series forecasting with three core tools: aiMatch for data reconciliation, aiCast for prediction, and aiPlan for scenario planning.”

With this investment in Ikigai Labs, e& capital reaffirms its dedication to championing innovative technologies. This strategic move is anticipated to catalyze the next generation of AI-driven solutions, heralding a smarter, data-centric business world.

Mr. Eddy Farhat, Executive Director, e& capital, said that, “We believe Ikigai is poised to revolutionize the way businesses engage with AI. First, by prioritizing functional teams and meeting them where they are on their AI journey both through their powerful, intuitive AI platform and through their engaging, hands-on academy. Second, while the tech world is enamored with text- and image-based generative AI, Ikigai recognizes the substantial value of tabular data, the true treasure trove for most businesses.”

“AI is one of humanity’s most powerful technological levers, our investment in Ikigai is a testament to our confidence in their mission to democratize AI and make it more accessible,” Mr. Farhat further added.

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