Jarvis, a pioneering AI based investment company, has closed its recent funding round, receiving investments from Bestvantage Investments and Hem Securities Ltd. The company has raised an undisclosed funding from a group of strategic investors who share Jarvis' vision of using artificial intelligence to revolutionise the investment industry.
"We are thrilled with the outcome of this funding round and grateful for the support of our investors," said Sumit Chanda, CEO, Jarvis. "This investment will enable us to further enhance our AI-powered investment platform and provide our clients with even more accurate and efficient investment solutions."
Jarvis has been leveraging machine learning algorithms to analyse vast amounts of data and provide personalised investment strategies for its clients. With this latest funding round, the company is poised to expand its reach to even more investors.
"With increased adoption of AI, this is the right time for disruption in traditional means of investing. Jarvis model uses 40 million data parameters to generate data backed insights." said Raman Sharma, CEO and Founder, Bestvantage Investments.
"We believe that AI has the potential to fundamentally transform the investment industry, and with the support of our investors we are confident and excited to lead the charge to achieve this mission," said Megha Jain, Director, Hem Angels part of Hem Securities Ltd.