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.


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