[Funding alert] Monet Networks raises $500,000 in bridge round led by SenseAI Ventures
Summary
Monet Networks, an AI powered data analytics startup founded by Anurag Bist, has secured $500,000 in bridge funding in a round led by Gurugram headquartered VC firm SenseAI Ventures. The startup has already deployed its technology in the media industry and has clients such as NBC Universal, Viacom CBS, Warners Brothers, MTV, HBO Europe, etc. Commenting on the investment, Rahul Agarwalla, Managing Partner, SenseAI, said, According to Rahul, Monet Network’s patented video analytics technology and a proven product market fit is very relevant in the current times as watching and communicating using video has become the new normal. SenseAI Ventures is an AI focussed fund that invests in early stage startups in these segments. Prime Minister Narendra Modi, at the recent RAISE 2020 summit, underlined of a new India that aspires to become a global leader in digital revolution by leveraging the potential of AI.