The artificial intelligence landscape in India continues to gain momentum as Bengaluru based startup Metaforms successfully raises $9 million in Series A funding. Led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund, this investment marks a significant milestone for the company’s mission to revolutionize the global market research sector.
Addressing a Multi Billion Dollar Market Opportunity
The $130 billion global market research industry has long relied on manual processes and traditional workflows that consume considerable time and resources. Metaforms is positioning itself as a game changer by introducing AI driven automation solutions that streamline complex research operations. The platform transforms survey documents into programmed surveys within minutes, automates data processing workflows, and coordinates vendor relationships more efficiently.
Impressive Market Traction and Growth Metrics
Since its launch, Metaforms has demonstrated exceptional market validation by securing partnerships with four of the world’s top 20 research agencies. The company currently serves Fortune 500 clients and processes over 1,000 surveys monthly while maintaining a remarkable 100% customer expansion rate. This growth trajectory indicates strong product market fit and validates the demand for automated market research solutions.
Strategic Investment Plans and Future Expansion
The fresh capital injection will enable Metaforms to triple its engineering and AI research teams in Bengaluru, reinforcing India’s position as a global technology hub. The company plans to enhance its core product capabilities and develop integrations with established research tools including Decipher and SPSS, expanding its ecosystem compatibility.
Industry Impact and Digital Transformation
This funding round reflects the broader trend of digital transformation accelerating across traditional industries. Market research agencies are increasingly recognizing the need to adopt AI powered solutions to remain competitive and deliver faster, more accurate insights to their clients.
Peak XV Partners’ leadership in this investment underscores the venture capital community’s confidence in Indian AI startups addressing global market opportunities. As Metaforms continues scaling its operations, the company is well positioned to capture a larger share of the market research automation segment while driving innovation in survey technology and data processing methodologies.
The successful Series A round positions Metaforms for sustained growth in the evolving landscape of AI driven business solutions.
