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Myntra co-founder Mukesh Bansal's new startup Nurix AI raises $27.5 million

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ISN Team
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Mukesh Bansal

Mukesh Bansal

Mukesh Bansal, who co-founded Myntra and Cult.fit, recently launched his new AI startup, Nurix AI.

The startup, which is focused on building custom AI agents for enterprises, has raised $27.5 million in a funding round led by General Catalyst and Accel, with participation from Meraki Labs.

The latest funding comes from a combination of seed and Series A rounds, with $12.5 million from the seed round and the remainder from the Series A round.

Purpose of fundraising

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Nurix AI plans to use the raised capital to expand its technological capabilities and scale its operations across Asia and North America.

The startup also plans to grow its AI research and development, aiming to build long-term partnerships with hardware and AI product companies.

What does Nurix AI do?

Nurix AI specializes in creating AI agents with human-like voice and reasoning capabilities.

The startup focuses on transforming enterprise productivity and customer experiences through AI-native solutions that integrate seamlessly into existing workflows.

Mukesh Bansal, the Founder and CEO of Nurix AI, said, "AI is at the inflection point with the promise of completely transforming how work happens in the enterprise. At Nurix, we envision a future where AI agents, guided by human expertise, handle a significant portion of tasks, driving unprecedented gains in productivity and quality. India has deep AI talent to be at the forefront of this transformation, and we are super excited to build India's leading AI team to drive this charter."

It develops platforms for multi-modal agent

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