Quick pharmacy startup Plazza raises $15 Mn Series A to expand quick medicine delivery network

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July 20, 2026

Quick pharmacy startup Plazza raises $15 Mn Series A to expand quick medicine delivery network — Aman Priyadarshi, Founder and Chief Executive Officer, Plazza

Quick medicine delivery startup Plazza has raised $15 million in a Series A funding round co-led by Accel, Elevation Capital, and Nexus Venture Partners. Existing investors All In Capital and Better Capital also participated in the round.

The startup will use the fresh capital to expand its store network across India, founder and chief executive Aman Priyadarshi said on Monday.

“We have a couple of stores in Bengaluru that we have been experimenting with, and now we’ve raised capital to increase our geographical footprint. We are launching about 10 stores very quickly in the next eight weeks, and we will have about 20 stores in the city by the end of this year,” he said.

Furthermore, Plazza plans to enter additional cities over the next year and aims to establish more than 3,000 stores across the country within the next three to four years.

Founded in 2024, Plazza differentiates itself by maintaining a significantly larger medicine inventory while offering deliveries within 15 to 30 minutes, allowing it to compete in India’s increasingly competitive pharmacy market.

Unlike traditional pharmacies, which primarily serve walk-in customers within smaller catchment areas, and online pharmacy platforms that prioritize inventory over delivery speed, Plazza focuses on serving a wider delivery radius while ensuring rapid order fulfillment.

Additionally, the startup leverages artificial intelligence to create store-specific inventories based on demand patterns across individual micro-markets.

The newly raised capital will also help strengthen Plazza’s technology platform by further enhancing its AI-powered inventory planning and assortment intelligence capabilities.

Plazza operates an omnichannel model that combines physical pharmacy stores with online ordering, although the company primarily focuses on digital transactions.

“We expect our customers to place an order on an app or WhatsApp, and we deliver. We use a large part of the space to store inventory, and that’s how we have done our manpower planning, our store design, etc.,” said Priyadarshi.

Unlike conventional retail pharmacies that typically stock around 5,000 medicines, resulting in prescription fill rates of 50–60%, Plazza maintains an inventory of more than 40,000 stock-keeping units (SKUs). Moreover, its AI-powered inventory system continuously learns neighbourhood prescribing patterns to optimize medicine availability.

According to the company, only about 50% of the top-selling medicines overlap between its two Bengaluru stores, highlighting significant differences in prescription demand across nearby micro-markets.

Plazza also reported substantial business growth, with its gross merchandise value (GMV) increasing approximately 27 times between June 2025 and March 2026.

India’s organized pharmacy retail market has witnessed rapid consolidation, with major players such as Tata 1mg and Apollo 24/7 dominating the sector. Meanwhile, recent funding activity has largely focused on startups addressing specific market gaps. In August 2025, generics-focused Truemeds raised $85 million in a Series C round led by Accel and Peak XV Partners, while PlatinumRx secured $6 million in a Series A round led by Stellaris Venture Partners in September 2025.

Skyroot Aerospace creates history with successful Vikram-1 orbital launch

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July 18, 2026

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Skyroot Aerospace creates history with successful Vikram-1 orbital launch — Naga Bharath Daka (L) and Pawan Kumar Chandana (R), co-founders, Skyroot Aerospace

Hyderabad-based spacetech unicorn Skyroot Aerospace successfully launched Vikram-1 on Saturday, becoming the first private Indian company to place payloads into orbit and marking a major milestone for India’s commercial space industry.

The mission, named Aagaman, lifted off from the First Launch Pad at the Satish Dhawan Space Centre (SDSC-SHAR), Sriharikota, at 12:05 PM. Moreover, the launch vehicle successfully completed all four stages according to plan.

With this achievement, Skyroot completed India’s first privately developed orbital launch vehicle mission and took a significant step toward offering commercial, on-demand satellite launch services from the country.

Furthermore, the successful launch strengthens Skyroot’s position in the rapidly expanding global small satellite launch market, where customers increasingly seek faster, flexible, and dedicated launch solutions.

The four-stage Vikram-1 rocket carried six technology demonstration payloads to validate Skyroot’s launch systems while generating critical flight data for future commercial missions.

Prime Minister Narendra Modi congratulated the company and described the launch as a landmark achievement for India’s private space sector. Before the launch, he stated that Vikram-1 reflected the “talent, determination and entrepreneurial spirit” of India’s youth while highlighting how the country’s space-sector reforms have created new opportunities for innovation and entrepreneurship. He also encouraged Indians, especially young people, to follow the mission and support the Skyroot team.

“We have done everything that could be done to test Vikram-1 on the ground. This first test flight will give us valuable data and will be foundational to establishing launch cadence,” Pawan Kumar Chandana, cofounder and chief executive of Skyroot Aerospace, had said before the launch.

The rocket carried technology demonstration payloads from Grahaa Space, Cosmoserve, DCubed, and Skyroot’s own SCOPE payload. Additionally, it transported Cosmos Diamonds’ artwork Cosmic Bloom along with a micro-art payload.

Mission Aagaman follows Skyroot’s successful Vikram-S suborbital mission in November 2022, which became the first privately developed rocket to reach space from Indian soil.

Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot became India’s first spacetech unicorn after raising $60 million earlier this year. To date, the startup has secured approximately $155 million in funding from investors, including GIC, Temasek, and Peak XV Partners.

The Vikram-1 launch vehicle can carry payloads weighing up to 300 kilograms into low-Earth orbit. Consequently, the company aims to capitalize on rising global demand for dedicated launches as governments and private organizations expand earth observation, communications, and defence satellite constellations.

“This test flight is the first step towards creating a reliable, on-demand launch company for the world from India,” cofounder and chief operating officer Naga Bharath Daka had said ahead of the launch.

The global space industry has closely monitored the mission because it represents India’s first privately built orbital launch vehicle following the government’s decision to open the country’s space sector to private participation in 2020. Moreover, the successful demonstration strengthens India’s potential to emerge as a preferred destination for customized launch services catering to startups and satellite operators worldwide.

Following the successful mission, Skyroot has joined an exclusive group of private companies capable of conducting regular orbital launches. The list currently includes industry leaders such as SpaceX in the United States, Rocket Lab in New Zealand, and Firefly.

Reo.Dev raises funding to expand AI sales platform for technical buyer

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July 18, 2026

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Reo.Dev raises funding to expand AI sales platform for technical buyer — Gaurav Jain, Achintya Gupta and Piyush Agarwal, Co-founders, Reo.Dev

Reo.Dev has secured fresh funding from existing investors Heavybit, India Quotient, and Foster Ventures, while new investor Uncorrelated Ventures also joined the round. Additionally, angel investors Gokul Rajaram, Madison Faulkner, and Preetha Parthasarathy participated in the investment.

The latest round increases Reo.Dev’s total funding to $16.5 million, following the company’s $4 million seed round announced in October 2025.

The startup develops AI-powered software that helps businesses selling products to developers, engineers, and other technical teams identify potential buyers before they engage with sales representatives. Its platform analyzes multiple technical signals that indicate software evaluation activity.

These buying signals include GitHub forks, pull requests, command-line interface activity, package installations, documentation usage, and product trials. Furthermore, the platform tracks whether organizations are adopting, evaluating, integrating, or replacing technologies within their workflows.

Reo.Dev combines these insights with information related to seniority, hiring activity, and purchasing influence to help sales and marketing teams identify high-intent prospects more effectively.

The company will use the newly raised capital to strengthen its AI capabilities, accelerate the development of AI-agent products, and enhance the platform’s ability to identify and engage technical buyers.

“This round lets us push our frontier AI capabilities further, accelerate the agent roadmap, and get better at helping teams find and engage technical buyers across the buying journey,” co-founder and CEO Achintya Gupta said in the funding announcement.

According to the company, its Developer Knowledge Graph now includes more than 100 million engineer profiles, covering over 3,000 technologies and 250 technical functions.

More than 200 companies currently use the platform, including NVIDIA, LangChain, ElevenLabs, Couchbase, Nebius, n8n, and Temporal.

In addition, Reo.Dev has introduced an Agent Intent Gateway, which detects software evaluation activities performed by AI agents through the Model Context Protocol (MCP).

MCP is an open standard that enables AI applications to connect with external tools and data sources. Using this framework, the gateway monitors actions such as AI agents reading product documentation, calling application programming interfaces (APIs), or executing command-line tools. It then links these activities to potential customer accounts.

Although human users currently generate most buying signals tracked by the platform, Reo.Dev expects AI agents to play a much larger role in software evaluation and purchasing decisions in the future.

IIM Bangalore and Square Yards join hands to launch India’s property price index

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July 18, 2026

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Indian Institute of Management Bangalore (IIMB), through its Real Estate Research Initiative (RERI), has partnered with proptech platform Square Yards to develop and publish a property price index for India under a long-term collaboration. The initiative aims to create a credible and transparent benchmark that tracks residential property price movements across the country over time.

Through this partnership, IIMB and Square Yards seek to provide homebuyers, investors, lenders, policymakers, and researchers with a reliable reference point in a market that has long struggled with fragmented and inconsistent pricing information.

To support the initiative, Square Yards will provide anonymised and aggregated data from its extensive real estate intelligence ecosystem. The dataset includes more than 150 million property registration records, government guidance values (circle rates), Real Estate Regulatory Authority (RERA) data, primary transaction records generated through its platform, and residential property listings. The company will periodically share this data to facilitate the development and maintenance of the index while supporting related academic research.

Prof. Venkatesh Panchapagesan, chairperson, RERI, and faculty of finance & accounting at IIM Bangalore, said, “Indian housing markets have historically lacked the transparent, high-frequency price benchmarks that mature markets take for granted. The value of this collaboration lies in combining the scale and granularity of Square Yards’ data with a rigorous, transparent and independently developed methodology. Our aim is to create an index that stands up to academic scrutiny and genuinely informs how households, institutions and policymakers understand the direction of property prices in India.”

Under the agreement, IIM Bangalore will lead the design of the index methodology and develop the underlying scientific model. Additionally, the institute will retain complete academic independence and publication rights for the research conducted through the collaboration. The jointly developed index will combine Square Yards’ extensive market data with IIMB’s peer-reviewed statistical methodology, ensuring that the benchmark remains both data-rich and academically independent.

Tanuj Shori, founder and chief executive officer of Square Yards, said, “For over a decade, we have been building one of the most comprehensive real estate data ecosystems in India, spanning registrations, transactions, listings and government benchmarks across the country. We have always believed this data can serve a purpose far larger than our own business. Partnering with IIM Bangalore allows us to put that data intelligence to work for the entire market. A credible, independent property price index is exactly the kind of public infrastructure Indian real estate has needed, and we are proud to help build it.”

Furthermore, both organisations stated that the property price index is intended to serve as a shared industry benchmark rather than a proprietary product. IIM Bangalore will publish research and analytical findings generated using the shared data while acknowledging Square Yards as the official data provider. At the same time, both organisations will be able to utilise the jointly developed index in their respective research, market reports, and business activities, encouraging wider adoption across India’s real estate ecosystem.

The collaboration marks a significant step towards improving transparency, strengthening data-driven decision-making, and establishing a standardized pricing benchmark for India’s residential real estate market.

Eco Hotels & Resorts expands F&B portfolio with new restaurant concepts across India

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July 18, 2026

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Eco Hotels & Resorts is expanding its footprint in India’s food and beverage industry by strengthening its portfolio of concept-driven restaurants and cafés. Through a diverse range of dining brands, the hospitality company aims to deliver unique culinary experiences that appeal to both hotel guests and local diners while supporting its broader hospitality growth strategy.

The company’s growing culinary portfolio currently includes Sahar, GG’s Rooftop Lounge, Kick In the Brick, and EcoSip Café. Additionally, Eco Hotels & Resorts plans to launch a premium non-vegetarian restaurant in the near future, further diversifying its dining offerings. Together, these brands reflect the company’s strategy of creating destination dining experiences that combine authentic cuisine, thoughtfully curated menus, and memorable hospitality.

Sahar serves as the flagship restaurant of Eco Hotels & Resorts and focuses on purity and mindful dining. The restaurant offers 100 percent pure vegetarian, Satvik, No Onion No Garlic, and Jain cuisine while presenting traditional Indian recipes with a contemporary touch.

Meanwhile, GG’s Rooftop Lounge offers panoramic city views alongside a refined family dining experience. The rooftop venue features a carefully curated 100 percent vegetarian Pan Asian and Continental menu in an elegant setting.

Kick In the Brick brings together global vegetarian cuisine, live music, sports screenings, entertainment, and a vibrant family lounge atmosphere. As a result, the restaurant creates an engaging social dining destination for guests of all ages.

Similarly, EcoSip Café caters to coffee enthusiasts, professionals, and casual visitors by serving artisan coffee, premium teas, freshly prepared café favourites, and light meals in a contemporary setting. The café also provides an inviting space for informal meetings and everyday gatherings.

Furthermore, Eco Hotels & Resorts is preparing to introduce a premium non-vegetarian restaurant that will showcase India’s diverse regional cuisines alongside international favourites. The upcoming launch marks the next phase of the company’s food and beverage expansion strategy while strengthening its position in the competitive dining market.

“At Eco Hotels & Resorts, we believe every restaurant should have its own soul, identity, and story. Our vision goes beyond serving great food. We strive to create memorable dining experiences through authentic flavours, thoughtful hospitality, and distinctive ambience. Every concept in our portfolio has been thoughtfully developed to cater to different dining preferences while upholding our commitment to quality, innovation, and consistency. As we continue to grow our culinary portfolio, our focus remains on creating restaurant brands that become preferred dining destinations and deliver memorable experiences for every guest,” said Chirag More, Head, Marketing & F&B Business, Eco Hotels & Resorts.

As Eco Hotels & Resorts continues to expand its food and beverage business, the company remains focused on developing innovative restaurant concepts that resonate with evolving consumer preferences. Moreover, its diversified culinary portfolio is expected to strengthen its position in India’s rapidly growing hospitality and dining landscape while enhancing guest experiences across its properties.

The Grand Cliff Resort Munnar earns prestigious Government of India 5-star classification

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July 18, 2026

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The Grand Cliff Resort, Munnar, developed by GF Hotels and Resorts Pvt. Ltd., has received the prestigious 5-star classification from the Government of India, placing it among Kerala’s highest-rated hospitality properties. Located near Lakshmi Estate in Munnar, the luxury resort secured the recognition after successfully completing a rigorous multi-stage evaluation conducted by the country’s official hotel classification authorities.

The Government of India’s star classification system evaluates hospitality properties across several parameters, including service quality, operational efficiency, guest satisfaction, sustainability initiatives, human resource management, and infrastructure. Additionally, expert committees conduct multiple reviews and on-site inspections before awarding the certification. As the highest category under the classification framework, the 5-star rating recognizes hotels that consistently meet the highest standards across all evaluation criteria.

With this recognition, The Grand Cliff Resort reinforces the premium hospitality experience it has delivered since its launch. Spread across lush forests, tea plantations, and landscaped gardens in the Western Ghats, the resort features 68 elegantly designed rooms, suites, and villas surrounding a grand Palace Block. Furthermore, the interiors blend European classical architecture with Munnar’s colonial hill station heritage. Guests can also enjoy premium amenities, including an infinity pool overlooking waterfalls and tea estates; a Western spa; a sauna; a fitness centre, forest yoga experiences; and Eagle Park, an in-resort theme park handcrafted by nearly 300 artisans over three years.

Beyond luxury hospitality, The Grand Cliff Resort continues to promote responsible and gender-inclusive tourism. As an officially classified 5-star property, the resort hosted the International Women’s Conference on Gender-Inclusive and Responsible Tourism, organized by the United Nations. Delegates from multiple countries participated in the conference to discuss safe, inclusive, and responsible tourism practices. During the event, Kerala also received recognition as a safe destination for women travellers.

The resort has also strengthened its engagement with local communities by supporting tribal populations through tourism-led livelihood initiatives. These efforts help preserve traditional homes, cultural practices, indigenous knowledge, and heritage while creating sustainable economic opportunities.

Moreover, The Grand Cliff Resort actively undertakes several Corporate Social Responsibility (CSR) initiatives. The resort supports children through emotional development and technical education programmes while promoting awareness about waste management and environmental sustainability. In addition, its team regularly conducts plastic removal drives to encourage environmental conservation across the region.

Its Green Club initiative further focuses on skill development while promoting cleaner and healthier communities through sustainable environmental practices.

On the international stage, The Grand Cliff Resort has hosted several high-profile events, including the UN World Women Conference on Sustainable Tourism and Safe Travel. The luxury property has also welcomed distinguished international guests, including Hungarian Prime Minister Viktor Orbán, who stayed at the resort from January 12 to January 14, 2025.

Consequently, the resort has emerged as a preferred destination for global dignitaries, luxury travellers, destination weddings, corporate events, and premium leisure experiences in India.

The Government of India’s 5-star classification serves as a trusted benchmark for domestic and international travellers seeking premium accommodation. Whether for weddings, honeymoons, conferences, or luxury holidays, the certification assures guests of exceptional service, world-class facilities, and consistently high operational standards.

Furthermore, the recognition strengthens The Grand Cliff Resort’s position in India’s luxury hospitality sector while complementing its commitment to responsible tourism, sustainability, and community development. The classification also enables the property to compete with some of the country’s most established luxury hotels while offering visitors a distinctive luxury experience in Munnar.

“This classification reflects years of planning translated into a working standard of service,” said a Grand Cliff Resort spokesperson. “It’s a benchmark we intend to build on, not just hold onto.”

Neo Group raises Rs 350-Cr to accelerate wealth management growth

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July 17, 2026

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Neo Group raises Rs 350-Cr to accelerate wealth management growth — Nitin Jain, Founder, Neo Group

Wealth and asset management firm Neo Group has secured Rs 350 crore (approximately $36.3 million) in a fresh funding round led by its existing investor Peak XV Partners, further strengthening its capital position as it scales its operations.

The latest investment follows the company’s recent Rs 550 crore fundraise from TVS Capital, providing Neo Group with additional resources to accelerate the growth of its wealth and asset management business.

The company will deploy the fresh capital to strengthen its technology platform, expand its workforce, and introduce new investment products and solutions.

Founded by Nitin Jain, Neo Group offers wealth management, asset management, and investment advisory services to high-net-worth individuals (HNIs) and family offices across India and international markets.

As of June 30, 2026, the company managed approximately Rs 1.3 lakh crore in client assets across its advisory and asset management businesses. Additionally, Neo oversees nearly Rs 50,000 crore in annualised recurring revenue-generating assets.

Neo Group currently operates in more than 30 cities across India while also maintaining a presence in the United States. The firm employs over 850 professionals, including more than 150 senior wealth advisors, to serve its growing client base.

Earlier, in November last year, Neo Assets completed the first close of its second private credit fund at Rs 2,000 crore. Registered with SEBI, the fund provides credit solutions to unlisted companies while also acquiring secondary market positions.

The company has maintained strong fundraising momentum over the past few years. In November last year, Neo raised Rs 221 crore (around $25 million) in a follow-on funding round led by Crystal Investment Advisors (Atha Group). Before that, the company secured $120 million through multiple funding rounds, including $48 million in August 2024 and $35 million in Series B funding in October 2023.

Lab-grown diamond brand Cosmos Diamonds targets Rs 100-Cr ARR by 2027

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July 17, 2026

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D2C lab-grown diamond jewellery brand Cosmos Diamonds is accelerating its retail expansion while strengthening its long-term growth strategy. The company aims to achieve Rs 55 crore in revenue in FY27 and Rs 100 crore in annual recurring revenue (ARR) by the end of 2027 as India’s lab-grown diamond jewellery market continues to gain momentum.

Founded by Sanjana Tripuramallu in 2021, Cosmos Diamonds focuses on transparent business practices, heritage-inspired jewellery collections, and a 100 percent buyback policy to differentiate itself in the fast-growing segment.

The company reported Rs 20 crore in revenue in FY26, more than doubling its Rs 9.77 crore revenue recorded in FY25. Additionally, it is currently operating at an ARR of nearly Rs 30 crore, reflecting strong business momentum.

Before launching the brand, Tripuramallu conducted extensive market research by interacting with more than 1,000 women to understand their jewellery purchasing preferences. The research revealed that Indian consumers preferred heritage-inspired jewellery over minimalist designs while also seeking stronger financial assurance after making a purchase.

Based on these insights, Cosmos Diamonds introduced traditional Indian-inspired jewellery collections backed by a contractual 100 percent buyback programme. The policy allows customers to choose either a cash refund or store credit, thereby addressing one of the biggest concerns associated with lab-grown diamonds by providing greater confidence in their long-term value.

Currently, Cosmos Diamonds operates flagship stores in Bengaluru and Vijayawada, where it has achieved an in-store conversion rate of 55 percent and a repeat customer rate of 40 percent.

Furthermore, the company plans to expand its retail footprint to five stores by the end of 2027 by opening new outlets in Hyderabad, Visakhapatnam, and Chennai.

Meanwhile, Cosmos Diamonds continues to pursue its growth strategy without raising external capital. The company stated that each new store must achieve sustainable profitability before further expansion, reinforcing its disciplined and bootstrapped business model.

MAYFAIR Elixir signs new retreat in Santiniketan, strengthening West Bengal expansion

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July 17, 2026

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MAYFAIR Elixir, the growth and expansion arm of MAYFAIR Hotels & Resorts, has signed a new retreat in Santiniketan, West Bengal, further strengthening its presence in the state’s hospitality sector. The latest signing marks the group’s fifth project in West Bengal and reinforces its strategy of expanding into culturally significant tourism destinations.

Santiniketan, which UNESCO designated as a World Heritage Site in 2023, continues to attract domestic and international visitors for its association with Rabindranath Tagore, as well as its rich legacy of art, education and cultural exchange.

The upcoming retreat will offer contemporary accommodation designed for leisure travellers, cultural tourists and guests seeking venues for intimate celebrations. The company plans to open the property during FY2028-29.

By entering Santiniketan, MAYFAIR Elixir aims to address the growing demand for premium hospitality in one of India’s most celebrated cultural destinations while preserving the region’s unique heritage and identity.

Commenting on the partnership, Rajendra Chatterjee, CEO & Managing Director, WESTROAD Group, said, “Santiniketan is more than a destination. It is an emotion that celebrates creativity, learning and Rabindranath Tagore’s legacy. We wanted a hospitality partner that understands the importance of preserving this essence while delivering exceptional guest experiences. MAYFAIR Group’s expertise, its deep understanding of regional culture and unwavering commitment to excellence made it the natural choice. We look forward to creating a landmark experience in Santiniketan with MAYFAIR Elixir.”

Highlighting the strategic importance of the project, Randhir Gupta, Vice President – Commercial & Business Development, MAYFAIR Hotels & Resorts, said, “Santiniketan has long been one of India’s most celebrated cultural destinations. Yet, the market has remained underserved in the premium hospitality segment. This signing is a strategic addition to our growing portfolio, allowing us to introduce the MAYFAIR experience to a destination of global significance. Santiniketan perfectly aligns with our vision of expanding into culturally rich destinations with long-term tourism potential.”

Meanwhile, Bjorn DeNiese, Managing Director, MAYFAIR Elixir, emphasized the company’s long-term expansion strategy. He said, “This marks an exciting chapter in the growth journey of MAYFAIR Elixir. As we expand our footprint across India, our vision is not simply to add destinations but to create hospitality experiences that celebrate the unique character and cultural identity of every place we enter. Santiniketan, with its extraordinary legacy of art, literature and learning, embodies the values we believe modern travellers increasingly seek.”

He further added, “We also see this as the beginning of a dynamic new phase for MAYFAIR Elixir, with new destinations, hospitality concepts and strategic partnerships in the pipeline that will further strengthen our portfolio while carrying forward the trusted legacy of the MAYFAIR Group.”

With this latest signing, MAYFAIR Elixir continues to expand its hospitality footprint across India while focusing on culturally rich destinations with strong tourism potential. The Santiniketan retreat is expected to strengthen the group’s premium portfolio and contribute to the growing demand for high-quality hospitality experiences in West Bengal.

Databricks raises strategic funding at $188 Billion valuation

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July 17, 2026

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Databricks raises strategic funding at $188 Billion valuation — Ali Ghodsi, Co-founder and CEO at Databricks

Data and AI company Databricks has announced a strategic funding round at a $188 billion valuation, led by existing investor Coatue, with participation from both new and existing investors.

The company will use the fresh capital to accelerate its artificial intelligence strategy by investing in Unity AI Gateway, its multi-AI governance platform, Genie, its AI-powered business assistant, and Lakebase, its serverless Postgres database designed for AI agents.

Additionally, Databricks plans to deploy the funding toward future AI acquisitions and advanced research initiatives to strengthen its enterprise AI ecosystem.

Ali Ghodsi, co-founder and CEO of Databricks, said, “Enterprises are moving from token maxing to value maxing. They don’t want to burn expensive tokens on the smartest model for every task—they want the best outcome per dollar.”

The US-based software company recently reported an annual revenue run rate of $5.4 billion, while its AI product portfolio contributed more than $1.7 billion in annual revenue, highlighting the growing enterprise demand for its AI-driven solutions.

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