Bengaluru-based AI startup Metaforms raised $9 million in funding led by Peak XV Partners

Metaforms, a B2B artificial intelligence (AI) startup aiming to modernise the market research industry, has raised $9 million in a Series A funding round led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund. 

The round brings Metaforms' all-time raise to about $10 million.

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The Bengaluru-based startup, founded in 2022 by Akshat Tyagi and Arjun S, builds AI agents that automate operational workflows for market research firms, including survey programming, data processing and vendor coordination. The funding will support the expansion of Metaforms’ engineering and AI research team in India and facilitate the opening of a new office in New York.

Metaforms began commercial operations six months ago and has since signed on clients including Dynata, Savanta and STRAT7, primarily based in North America and Europe. The startup claims that its platform now processes more than 1,000 surveys a month.

Unlike AI solutions that seek to replace human workers, Metaforms positions its agents as assistants that augment researchers’ productivity, helping agencies increase project volume and improve turnaround times.

“Our goal is simple: help great research teams spend less time firefighting and more time doing the work that actually matters,” said Akshat Tyagi, co-founder and CEO of Metaforms. “When you automate the grunt work, you make high-quality research more accessible to more companies.”

The startup will use the raised capital to grow the team, expand into new workflows like report generation and voice-based research, and deepen integrations with tools like Decipher, SPSS, and Confirmit.

“Metaforms is a breakout example of the India-to-global play in AI,” said Manav Garg, Co-founder and managing partner at Together Fund. “They’re not just automating tasks — they’re rebuilding research infrastructure for the modern era. With their early traction across global agencies, Akshat and Arjun are showing what’s possible when deep customer empathy meets technical ambition.”

"We’re thrilled to partner with Akshat and Arjun as they reimagine what a market research agency could look like in an AI-first world. Metaforms is scaling rapidly, by enabling some of the largest research agencies globally to automate workflows such as survey programming and data processing through their suite of AI agents." Shailendra Singh, MD, Peak XV.