FireAI, an AI-powered business intelligence startup, has raised ₹4 crore in a seed funding round led by Inflection Point Ventures (IPV).
The funds raised will be used for 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.
Previously, FireAI had raised an undisclosed amount in a pre-seed funding round led by Venture Catalysts with participation from notable investors, including Gaurav Khatri (Co-founder and CEO of Noise) and Amit Kumar Singh (Former Managing Director, Central Warehousing Corporation).
Founded in 2024 by Vipul Prakash, Fire AI is building a unified platform that integrates descriptive, diagnostic, predictive, and prescriptive analytics to help businesses derive insights from data in a seamless, user-friendly manner.
FireAI simplifies business intelligence by moving away from complex dashboards and enabling organisations to interact with their data through conversational AI tools.
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.
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.
Vipul Prakash, Founder & CEO, FireAI, said, “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.”
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.”
