About Artivatic
Artivatic is a Technology company based in Bengaluru (India) founded in 2017, and was acquired by RenewBuy in February 2022. AI software suite is offered for financial institutions operations. It operates in the Technology and Financial Services sectors. Artivatic has raised $893.7 thousand across 7 funding rounds from investors including KFin Technologies, Primarc and RenewBuy. Artivatic was last valued at $6.1 million in May 2021. Its Indian entity Artivatic Data Labs Private Limited reported revenue of ₹7.59 Cr. Its focus areas include High Tech, Chatbots, Industry Specific and Banking And Financial Services.
Company details
Artivatic was founded in 2017 in Bengaluru, India, as a provider of AI-based software for the financial sector. Solutions are delivered for data management, customer onboarding, sales, marketing, insurance underwriting, risk assessment, distribution, monitoring, claims processing, and agency management. Dynamic pricing, fraud detection, and alternative risk scoring are supported through data analytics. Operations focus on enhancing efficiency in insurance and banking processes.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website artivatic.ai
- Social LinkedIn X Facebook
- Acquired by RenewBuy (Feb 2022)
- Legal Name Artivatic Data Labs Private Limited
- Date of Incorporation 26 Sep, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.59 Cr
FY 2024 · -50% YoY
- Net Loss-₹7.33 Cr
FY 2024 · -97% margin
- EBITDA-₹6.41 Cr
FY 2024 · -84% margin
- Total Equity Funding$893.7K (USD)
in 7 rounds
- InvestorsKFin Technologies
& 61 more
- Acquired byRenewBuy
(Feb 2022)
Associated legal entities of Artivatic
Artivatic is associated with 2 registered companies on The Company Check; the primary company is Artivatic Data Labs Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Artivatic Data Labs Private Limited CIN U74999HR2016PTC137663 | Active | 26 Sep 2016 | Gurgaon, Haryana | ₹7.6 Cr | 103 | 3 | View details |
| Artivatic Data Labs Private Limited CIN U74999KA2016PTC096736 | 26 Sep 2016 | Bangalore, Karnataka, India | View details |
Funding Insights of Artivatic
Artivatic has successfully raised a total of $893.7K across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $893,698
- Total Rounds 7
- Investors Count 61
All 7 funding rounds of Artivatic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | Seed | – | DIFC | – | |
| May 2021 | $54,410 | Seed | $6.1M | KFin Technologies | – |
| Nov 2020 | $155,153 | Seed | $5.51M | Scale Ventures | |
| Dec 2018 | $428,608 | Seed | $••••• | Indian Angel Network | |
| Sep 2018 | $68,529 | Seed | – | Lucida Technologies | – |
| Sep 2017 | $186,998 | Seed | – | Deepak Verma | |
| Apr 2017 | Angel Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2021 | $6.1M | •••••••• |
| Nov 2020 | $5.51M | •••••••• |
| Dec 2018 | $••••• | •••••••• |
Full valuation and stage history of Artivatic
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $6.1M (May 2021). 62 investors in total: 15 institutional and 47 angel.
Investors in Artivatic
Artivatic has secured backing from 62 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include KFin Technologies, Primarc and RenewBuy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and entrepreneurial support services for startups in India. | 2016 | scaleventures.in | Pune, India | |
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Early-stage offline-focused PE & VC firm investing in geographies such as India | 2009 | moonbeam.in | Gurugram, India | |
Logistics tech and multiple sectors are funded by VAPP Ventures. | vappventures.tcc.mode | Kolkata, India | ||
Investment in startups across Fintech, SaaS, and other sectors, with mentorship and funding services provided. | spark10.com | |||
Global financial centre promoting trade, investment, and innovation in Dubai. | 2004 | difc.ae | Dubai, United Arab Emirates | |
Mutual fund investments are enabled via an app-based platform. | 1978 | kfintech.com | Hyderabad, India | |
High-precision injection moulded components and assemblies are manufactured. | 1994 | sparrowit.com | Bengaluru, India | |
Real estate investments are managed for risk-adjusted returns by Pragnya. | pragnyafunds.com | Port Louis, Mauritius | ||
Real estate properties are developed by Primarc in India. | 1987 | primarc.in | Kolkata, India |
Investor details for Artivatic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Artivatic Data Labs Private Limited (Artivatic)
Artivatic Data Labs Private Limited is the primary company behind Artivatic. The board of Artivatic Data Labs Private Limited currently have 3 directors; the longest-serving is Layak Singh, appointed in 2016. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Layak Singh DIN 05117277 | Director | 26 Sep 2016 | 10 yrs | Artivatic Data Labs Private Limited |
| Sulbha Kaushal Rai DIN 09470854 | Director | 15 Feb 2022 | 4 yrs 8 mo | Artivatic Data Labs Private Limited |
| Indraneel Chatterjee DIN 07062170 | Director | 10 Aug 2023 | 3 yrs 2 mo | Artivatic Data Labs Private Limited |
People of Artivatic
3 people are tracked at Artivatic (1 in leadership, 2 in board & advisors).
| Name | Role | Group |
|---|---|---|
| Head Saas Business - Insurtech & Healthtech | Leadership | |
Rajesh Relan | Board Member & Director | Board & advisors |
Sreekanth Nadella | Board Member & Director | Board & advisors |
Complete people profiles for Artivatic
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Artivatic
Figures of Artivatic Data Labs Private Limited, the primary company behind Artivatic, for FY 2024. Revenue was ₹7.59 Cr (-50% year on year). Net loss was -₹7.33 Cr (-97% margin). EBITDA was -₹6.41 Cr (-84% margin). Revenue has grown at a compounded annual rate of +8015% over three years and +104% over five years.
- ₹7.59 CrRevenue · FY 2024 · -50% YoY
- -₹7.33 CrNet loss · -97% margin
- -₹6.41 CrEBITDA · -84% margin
- ₹3.1 LakhPaid-up capital
- 103Employees (provident fund records)
- +8015%Revenue CAGR, 3 years
- +104%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Artivatic Data Labs Private Limited are on its company page.
Detailed financial statements for Artivatic
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Artivatic
5 dated milestones of Artivatic across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Artivatic is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Exit Acquired by RenewBuy.
- Funding Latest funding round, Seed,.
Web traffic of Artivatic
The website of Artivatic (artivatic.ai) receives about 6.3K visits a month.
- Monthly visits6.3K
▲ 126.5% vs previous month
Websites whose visitors overlap most with Artivatic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sprout.ai | 100% | 31.2K | #1,060,136 | View details | |
| simplifai.ai | 99% | 3.5K | #4,915,852 | View details | |
| coversure.in | 89% | 27.9K | #1,314,446 | View details |
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Related news about Artivatic
Complete news archive for Artivatic
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Frequently Asked Questions about Artivatic
Artivatic was founded in 2017.
Artivatic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Artivatic is a funded company, having raised a total of $893.7K across 7 funding rounds to date.
The primary company behind Artivatic, Artivatic Data Labs Private Limited, reported revenue of ₹7.59 Cr for FY 2024, down 50% year on year.
Artivatic was founded in 2017 in Bengaluru, India, as a provider of AI-based software for the financial sector. Solutions are delivered for data management, customer onboarding, sales, marketing, insurance underwriting, risk assessment, distribution, monitoring, claims processing, and agency management. Dynamic pricing, fraud detection, and alternative risk scoring are supported through data analytics. Operations focus on enhancing efficiency in insurance and banking processes.
Artivatic has 62 investors. Key investors include KFin Technologies, Primarc, RenewBuy, Lucida Technologies, and Sparrow Technologies.
The valuation of Artivatic is $6.1M as of May 2021.
Artivatic operates through Artivatic Data Labs Private Limited.
Yes. Artivatic was acquired by RenewBuy in February 2022.
The legal entities of Artivatic currently have 3 directors, including Indraneel Chatterjee, Layak Singh, Sulbha Kaushal Rai.