AI firm Racetrack.ai raises $5 million, eyes to enter new geographies

Racetrack.ai, a company that gives artificial intelligence support to helps businesses for sales support and customer issues, has raised $5 million pre-series A funding from a clutch of investors, including Biocon founding member Murali Krishna and US-based investor Dov Kagan.

Through this fund, the company would be entering new geographies, such as the US, Singapore and Mauritius, for the first time.

The company’s founder and chief executive officer, Subrat Parida, said the fund-raise will also help the firm break into newer business verticals such as retail, banking and health care. “This boost in our physical presence will open new doors for us