Disprz raises US$30m to develop generative AI solutions

In the wake of Disprz receiving US$30m in funding to further advance generative AI, the company aims to continue global expansion and innovation

Disprz has announced that it has raised US$30m in Series C to develop generative AI solutions to help enterprises with skilling.

Funding has come from Lumos Capital Group, and 360 One (formerly IIFL), in addition to existing investors, Kae Capital, KOIS, and Dallas Venture Capital. The company’s goal is to continue to evolve globally through AI investments and large language models (LLMs), with an aim to revolutionise skill-based talent management. 

With this backing, the company also hopes to deepen presence in emerging markets and innovate further by pushing the boundaries of skill-based talent management, enabling more people to lead in technology.

Generative AI at the forefront of AI innovation

Recent studies have suggested that generative AI use is booming within a business context. According to McKinsey, leading organisations invest much more than other companies who work with AI. 

Respondents to McKinsey’s study stated that AI high performers are more than five times more likely to say that they spend more than 20% of their digital budgets on AI.

Disprz has now outlined its plans for generative AI development. It aims to set up a localised go-to-market and customer facing teams in countries like the US, the Philippines, Kingdom of Saudi Arabia and Indonesia, in addition to expanding its AI teams in India, UAE and Malaysia. 

With wider adoption of AI tools within the workplace, there have been worldwide concerns that technology is evolving too quickly for businesses to keep up with. However, with a globally diverse investor mix, Disprz believes that it is strategically positioned to expand its geographical footprint further. 

Concerning generative AI and LLM investments, the company is working on a variation of use-cases that will enable its users to find the best content faster through deep and accurate searches. Ultimately, this will allow them to save time through smart summarisation, administer learning conversationally and find personalised upskilling pathways to meet specific short-term and career goals.

According to Disprz, it aims to partner with other HR-tech companies like HCM, content and assessment platforms, as well as those who work on digital and people transformation worldwide.

The company envisions that these partnerships could involve strategic solution co-selling, to deep integrations, or acquisitions.

“With the world ready to be disrupted by generative AI and with organisations increasingly realising that upskilling and reskilling are not the mandate of just HR but every function, we are ready to steer towards becoming India's first centaur (profitable $100 million company) in our platform category in the next four to five years,” said Subbu Viswanathan, Co-founder & CEO, Disprz.


For more insights into the world of Technology - check out the latest edition of AI Magazine and be sure to follow us on LinkedIn & Twitter.

Other magazines that may be of interest - Technology Magazine | Cyber Magazine

Please also check out our upcoming event - Sustainability LIVE in London on September 6-7 2023.


BizClik is a global provider of B2B digital media platforms that cover Executive Communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

Should Tech Leaders be Concerned About the Power of AI?

With insights from Blackstone CEO Steve Schwarzman, we consider if tech leaders are right to be anxious about AI innovation and if regulation is necessary

Andrew Ng Joins Amazon Board to Support Enterprise AI

In the wake of Andrew Ng being appointed Amazon's Board of Directors, we consider his career from education towards artificial general intelligence (AGI)

GPT-4 Turbo: OpenAI Enhances ChatGPT AI Model for Developers

OpenAI announces updates for its GPT-4 Turbo model to improve efficiencies for AI developers and to remain competitive in a changing business landscape

Meta Launches AI Tools to Protect Against Online Image Abuse

AI Applications

Microsoft in Japan: Investing in AI Skills to Boost Future

Cloud & Infrastructure

Microsoft to Open New Hub to Advance State-of-the-Art AI

AI Strategy