Devnagri Raises Undisclosed Amount in Pre-Series A Round Led By Inflection Point Ventures

Gen AI start-up Devnagri has raised an undisclosed amount in a Pre-Series A round led by Inflection Point Ventures. The company will use the funds for marketing, sales, technology scaling, R&D, infrastructure, and administrative expenses. 

The company caters to non-English speakers and helps personalize business communication for them. “By leveraging advanced NLP and SLM models, Devnagri excels in contextualizing and personalizing content, seamlessly integrating their technology into both private and government infrastructures,” the company said in a statement. 

“In India, where more than 700 languages are spoken, translating it is a challenging task from the perspective of accuracy, context, and cultural nuances. These issues impact communication, business expansion, and user experience. Devnagri addresses these problems by leveraging AI-powered human translation. The platform ensures precise translations, context-awareness, and localization, enabling seamless communication across diverse Indian languages,” said Mitesh Shah, Co-Founder, Inflection Point Ventures. 

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“Taking a step forward, we are moving towards offering the enterprises and government departments a private cloud infrastructure to maintain their ownership of their content and by keeping the LLMs/SLMs trained with every usage by the customer. "Privatization of Business Communication" is the need of an hour,” said Nakul Kundra, Co-Founder, Devnagri. 
As the language industry is just getting started in India, it will further create sub-industries and change the way of communication for everyone, the company said in a statement. 

The language industry is growing in India. It is expected to grow by $7.75 billion from 2023 to 2028. Additionally, it is progressing at a CAGR of 14.37 percent. Additionally, e-learning and language apps have increased in the country with the increasing demand.