Matters.AI , an artificial intelligence driven data security platform, has announced the completion of a Rs 42 crore ($4.7 million) seed funding round, marking a notable development in India’s technology investment landscape. The investment was jointly led by prominent venture capital firms Kalaari Capital and Endiya Partners, marking a substantial vote of confidence in the company’s innovative approach to enterprise data protection.
Strategic Deployment of Capital
The freshly acquired capital will be strategically allocated across multiple growth initiatives. The company has outlined plans to significantly bolster its research and development capabilities, focusing on enhancing the platform’s reasoning abilities and expanding integration compatibility across diverse technological frameworks. Additionally, a substantial portion of the investment will fuel the company’s expansion efforts in the North American market, a region presenting immense growth opportunities for data security solutions.
The financial projections accompanying this funding round are ambitious yet achievable. Matters.AI anticipates multiplying its annual recurring revenue by five times while maintaining an impressive quarter on quarter growth rate of 58 percent. These targets reflect the strong market demand for sophisticated data security solutions in an increasingly digital business environment.
Innovative Technology and Market Position
Established in 2023 by entrepreneurs Keshava Murthy and Harsh Sahu, Matters.AI addresses a critical challenge facing modern enterprises: securing sensitive data across fragmented digital ecosystems. The platform employs advanced multimodal large language models combined with extended Berkeley Packet Filter technology to automatically identify, track, and protect confidential information across cloud infrastructure, applications, devices, and internal networks.
The solution provides real-time monitoring capabilities, detecting anomalous activities and preventing potential data breaches by analyzing usage patterns and access behaviors. This proactive approach transforms data security from a reactive necessity into a predictive intelligence system.
Currently serving over 50 enterprise clients, including notable names such as Groww, Credit Saison India, Indian International Insurance, and Nokia, the company has established a strong foothold in both Indian and American markets. Operating under its rebranded identity – previously known as Matters.AI – the startup competes directly with established players like Cyera.
Looking Ahead
With this seed funding following a Rs 13 crore pre seed round raised in 2023, Matters.AI is well positioned to scale its operations and achieve its ambitious growth targets. The company’s leadership has indicated plans for a substantial Series A funding round upon reaching predetermined performance metrics, signaling confidence in sustained growth and market expansion.
