AI-powered business intelligence startup FireAI has raised INR 4 crore in a seed funding round led by Inflection Point Ventures (IPV). The capital will be channelled towards product development and key innovations such as Causal Chain, Text-to-SQL capabilities, and its proprietary ETL tool to enhance scalability, speed, and user experience. A portion of the funds will also support hiring skilled technology professionals and accelerating international expansion.
FireAI simplifies business intelligence by moving away from complex dashboards and enabling organisations to interact with their data through conversational AI tools.
The company has expanded its operations to Dubai, Abu Dhabi, Africa, and Kenya as a certified OEM vendor. Partnering with Alchemist LLP as its official channel partner in these regions has further strengthened its market presence and credibility. FireAI’s proprietary AI engine, built from the ground up, supports descriptive and diagnostic analytics, helping businesses make smarter decisions faster.
Vinay Bansal, CEO & Co-founder, Inflection Point Ventures, said,
“AI today is transforming all facets of life. However, it has also caused an overload of data without any means to interpret it or turn it into actionable next steps. This gap often leads to underutilization of AI or misinterpretation of data. FireAI’s business intelligence makes this data conversational & accessible. Providing clear insights for future decision making effectively saving crucial time and resources for businesses.”
Vipul Prakash, Founder & CEO, FireAI, commented,“From India for the world, we’ve only just begun. This is just 20% of what we aim to achieve. At Fire AI, we’re building bold and meaningful innovations like Causal Chain, India’s first diagnostic analytics platform, designed not just from a technical perspective, but through the eyes of real stakeholders. Our aim is to enable businesses, truly and meaningfully. Collaboration with IPV reaffirmed our belief that business intelligence for the future depends on simplicity and accessibility. With Fire AI, we are redefining how organisations interact with data, shifting away from complex dashboards to real-time, conversational insight. Our ambition is to give each decision-maker real-time intelligence, fuelling growth and innovation.”
FireAI’s technology has delivered 30% more accurate forecasts and real-time alerts that help teams act immediately, optimising decision-making processes. The company has grown into a team of 30 professionals, serving major clients such as the Government e-Marketplace (GeM). Its platform integrates with over 700 data sources, demonstrating scalability and technical depth as it expands from India to global markets.
Led by Vipul Prakash, a B.Tech graduate from SRM University, FireAI benefits from his decade-long experience in product development and operations at leading firms including Zomato, Delhivery, and BharatPe. Under his leadership, FireAI continues to push its mission of making business intelligence conversational, real-time, and accessible.
The global data analytics market is projected to grow from $74 billion in 2024 to $482 billion by 2033, representing an average annual growth rate of over 20%. In India, the sector is expected to increase from $2.6 billion to $27 billion in the same period, growing at an average rate of 27.5%. FireAI’s innovations are well-positioned to capitalise on this trend by making advanced data analytics accessible to all, not just analysts.
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