You are here: Home » Technology » News
Business Standard

Instoried raises $8 million from Pritt Investment Partners and 9Unicorns

The product includes content evaluation and creation, some of the features being short form content generation, emotional quotient analysis, headline analysis, tonality check and other things.

Topics
artifical intelligence | Technology

Press Trust of India  |  Bengaluru 

Artificial intelligence, ai, machine learning, technology

Artificial intelligence-driven content intelligence platform Instoried has raised $8 million in funding from Pritt Investment Partners and 9Unicorns with participation from Mumbai Angels, Venture Catalysts Angel Fund, SOSV and a few HNIs.

The funds will be used to further strengthen tech stack, enter newer geographies and expand the team and operations, it said in a statement on Wednesday. Instoried said it uses OpenAI's GPT-3 along with in-house built proprietary AI to enable enterprises to reach their optimal content goals.

The product offering includes both content evaluation and creation, some of the features being short form content generation, emotional quotient analysis, grammar check, plagiarism check, headline analysis, tonality check and panel testing, it was stated.

Founder & CEO, Instoried, Sharmin Ali, said: With all brands selling online and the world going virtual, we were able to identify a huge opportunity in this adversity (pandemic time) and have grown 50X in the last one year".

"We are now looking at scaling operations in the US. This fundraise will help us go to market, build a strong team in the US and add more product offerings to our existing portfolio", she added.

Instoried has previously raised $2 million from investors including SOSV, Artesian Investments, Mumbai Angels, 9Unicorns, Venture Catalysts, and Rockstud Capital.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 27 2021. 11:47 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU