Deeptech startup Assessli raises Rs 44.37 crore from Foxhog to build first large behavioral models

Foxhog Ventures today said it has made an investment of Rs 44.37 crore in Assessli, a deeptech startup building what it calls the world’s first Large Behavioral Models (LBMs).

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Assessli will utilize the funding to scale its reach in the US and further augment the technology for the product commercialisation and hire tech talent to bolster the team. 

Assessli, was founded in 2022 by Suraj Biswas, Sourabh Gupta, and Aruna Dey, redefining AI well beyond Large Language Models (LLMs). The startup's proprietary LBMs leverage data from genomics, psychology, and digital life to build extremely accurate Digital Twins of individuals.

It claims to have 99% personalisation accuracy compared to other existing systems which have accuracy around 60%. 

Notably, the startup has filed patents in India and begun training its models on more than 20 million data points of proprietary data. Its technology can be applied in education, healthcare, HR, finance, and robotics with expansion into other industries already underway in the UK and US with the global AI market growing to be more than $10 trillion value. 

Speaking on the new investment, Suraj Biswas, Co-founder of Assessli, said,“Our vision for India is bold and transformative. We are creating the first-of-its-kind services designed for mankind and public use, disrupting AI from the inside out. At the core of our efforts is building the infrastructure of identity. The trust and confidence of Foxhog Ventures in our business model have given us the wings to scale higher, and we are excited about the journey ahead.” 

Tarun Poddar, CEO of Foxhog Ventures, said, "Artificial intelligence stands on the precipice of an inflection point. The next decade will be driven by technologies that go beyond processing language to real comprehension of human behavior. Assessli is leading the way with Large Behavioral Models; a blue ocean opportunity that can potentially disrupt every industry from healthcare to finance. With a global AI market worth $10 trillion on the horizon, we feel Assessli has the vision and capability to become a global leader, and Foxhog is excited to partner with them on this journey." 

He further added “This investment supports Foxhog Ventures' mission to facilitate path-breaking technologies that balance innovation and real-world impact to harness India's position as a rising nexus within the global landscape of AI.”