Nurix AI Secures $27.5 Million in Seed Funding from Accel and General Catalyst

In one of the largest seed funding rounds of the year, Mukesh Bansal, former president of Tata Digital and founder of Myntra and Cultfit, has launched his latest venture—Nurix AI. The artificial intelligence startup has secured $27.5 million in seed funding from leading global investors Accel and General Catalyst.

Nurix AI, incubated within Bansal’s Meraki Labs, is focused on building custom AI agents designed to enhance enterprise services like sales and customer support. The company is currently working with a core team of 20 and has already seen impressive results in its collaborations with five financial service organizations, with their proprietary AI agents driving a 25-50% boost in efficiency and cost savings. While the names of these partner organizations remain undisclosed, their early success demonstrates the transformative potential of AI in the enterprise sector.

Bansal emphasized that Nurix AI’s technology provides human-like voice and reasoning capabilities, allowing companies to streamline customer interactions and internal operations. As AI agents continue to gain traction across industries, Nurix AI aims to position itself as a key player in revolutionizing business processes with minimal human intervention, furthering cost reduction and efficiency.

Looking ahead, Nurix AI plans to expand its global footprint. “We need to establish a US presence as well,” Bansal noted, indicating that acquisitions in the US market could play a pivotal role in accelerating the company’s growth.

As AI technology reshapes industries, Nurix AI is poised to make a significant impact, with its innovative solutions and backing from top-tier investors positioning it for success in the evolving landscape of enterprise automation.

About Nurix AI

Founded by Mukesh Bansal in 2023, Nurix AI focuses on developing advanced AI agents to enhance enterprise-level operations. With the goal of reducing human intervention, Nurix AI’s solutions offer companies increased efficiency, cost savings, and enhanced customer experiences.