Assessli, a deep-tech startup building the world’s first Large Behavioral Models (LBMs), has raised ₹44.37 crore ($5 million) in its seed funding round led by Foxhog Ventures.
The fresh funds raised will be used to spread its reach in the US & UK markets and further augment the technology for the product commercialization and hire tech talent to bolster the team.
Founded in 2022 by Suraj Biswas, Sourabh Gupta, and Aruna Dey, Assessli is developing the Large Behavioral Models (LBMs), AI that decodes the “language of the self” through genomics, psychology, and digital data.
The company claimed to have 99% personalization accuracy compared to other existing systems, which have an accuracy of around 60%.
The company has filed patents in India and begun training its models on more than 20 million data points of proprietary data. Their transformative technology can be applied in education, healthcare, HR, finance, and robotics, with expansion into other industries already underway in the UK and US, with the global AI market growing to be more than $10 trillion in value.
Suraj Biswas, Co-founder of Assessli, said, “Our vision for India is bold and transformative. We are creating the first-of-its-kind services designed for mankind and public use, disrupting AI from the inside out. At the core of our efforts is building the infrastructure of identity. The trust and confidence of Foxhog Ventures in our business model have given us the wings to scale higher, and we are excited about the journey ahead.”
Tarun Poddar, CEO of Foxhog Ventures, said, “Artificial intelligence stands on the precipice of an inflection point. The next decade will be driven by technologies that go beyond processing language to real comprehension of human behavior. Assessli is leading the way with Large Behavioral Models; a blue ocean opportunity that can potentially disrupt every industry from healthcare to finance. With a global AI market worth $10 trillion on the horizon, we feel Assessli has the vision and capability to become a global leader, and Foxhog is excited to partner with them on this journey.”
He further added, “This investment supports Foxhog Ventures’ mission to facilitate path-breaking technologies that balance innovation and real-world impact to harness India’s position as a rising nexus within the global landscape of AI.”
