Startup
AI-powered business intelligence startup FireAI has raised ₹4 crore in a seed funding round led by Inflection Point Ventures (IPV). The company said the capital will be used to accelerate product development, expand into new markets, and strengthen its technical team as it builds out India’s first conversational business intelligence ecosystem.
The funds will support the development of FireAI’s proprietary innovations, including Causal Chain, an upcoming diagnostic analytics platform; Text-to-SQL capability for natural language database queries; and a proprietary ETL (extract, transform, load) tool designed to improve scalability, processing speed, and user experience.
Founded by Vipul Prakash, FireAI aims to simplify how organizations interact with data by moving away from complex dashboards and enabling teams to access insights through conversational AI tools. The startup’s platform is built on its own AI engine, developed from the ground up to support both descriptive and diagnostic analytics.
FireAI has already expanded internationally, establishing a presence in Dubai, Abu Dhabi, Kenya, and Africa, where it operates as a certified OEM vendor. The company has partnered with Alchemist LLP as its official channel partner in these regions to boost its distribution and market reach.
Commenting on the investment, Vinay Bansal, CEO and Co-founder of Inflection Point Ventures, said FireAI addresses a critical gap in the enterprise AI landscape.
“AI today is transforming all facets of life. However, it has also caused an overload of data without effective ways to interpret it. FireAI’s business intelligence makes this data conversational and accessible, offering clear insights for decision-making and saving crucial time and resources for businesses,” Bansal said.
Vipul Prakash, Founder and CEO of FireAI, said the company’s vision is to make data intelligence intuitive and human-centric.
“From India for the world, we’ve only just begun — this is just 20% of what we aim to achieve. FireAI is redefining how organizations interact with data, shifting away from complex dashboards to real-time, conversational insight,” Prakash said. “Collaboration with IPV reaffirmed our belief that business intelligence for the future depends on simplicity and accessibility.”
FireAI claims its platform delivers 30% more accurate forecasts and provides real-time alerts, enabling teams to act immediately and make faster, data-driven decisions. The company has grown into a 30-member team, serving large clients including the Government e-Marketplace (GeM), and can integrate with over 700 data sources.
Prakash, an alumnus of SRM University, brings over a decade of experience in product development and growth at firms such as Zomato, Delhivery, and BharatPe. He now leads FireAI’s mission to make business intelligence accessible to all, not just data analysts.
The global data analytics market, valued at $74 billion in 2024, is projected to surge to $482 billion by 2033, growing at an average annual rate of over 20%, according to industry estimates. In India, the market is expected to expand from $2.6 billion to $27 billion during the same period.
With the new funding, FireAI plans to capitalize on this growth by scaling its platform globally and empowering organizations to make smarter, faster, and more inclusive data-driven decisions.
The funds will support the development of FireAI’s proprietary innovations, including Causal Chain, an upcoming diagnostic analytics platform; Text-to-SQL capability for natural language database queries; and a proprietary ETL (extract, transform, load) tool designed to improve scalability, processing speed, and user experience.
Founded by Vipul Prakash, FireAI aims to simplify how organizations interact with data by moving away from complex dashboards and enabling teams to access insights through conversational AI tools. The startup’s platform is built on its own AI engine, developed from the ground up to support both descriptive and diagnostic analytics.
FireAI has already expanded internationally, establishing a presence in Dubai, Abu Dhabi, Kenya, and Africa, where it operates as a certified OEM vendor. The company has partnered with Alchemist LLP as its official channel partner in these regions to boost its distribution and market reach.
Commenting on the investment, Vinay Bansal, CEO and Co-founder of Inflection Point Ventures, said FireAI addresses a critical gap in the enterprise AI landscape.
“AI today is transforming all facets of life. However, it has also caused an overload of data without effective ways to interpret it. FireAI’s business intelligence makes this data conversational and accessible, offering clear insights for decision-making and saving crucial time and resources for businesses,” Bansal said.
Vipul Prakash, Founder and CEO of FireAI, said the company’s vision is to make data intelligence intuitive and human-centric.
“From India for the world, we’ve only just begun — this is just 20% of what we aim to achieve. FireAI is redefining how organizations interact with data, shifting away from complex dashboards to real-time, conversational insight,” Prakash said. “Collaboration with IPV reaffirmed our belief that business intelligence for the future depends on simplicity and accessibility.”
FireAI claims its platform delivers 30% more accurate forecasts and provides real-time alerts, enabling teams to act immediately and make faster, data-driven decisions. The company has grown into a 30-member team, serving large clients including the Government e-Marketplace (GeM), and can integrate with over 700 data sources.
Prakash, an alumnus of SRM University, brings over a decade of experience in product development and growth at firms such as Zomato, Delhivery, and BharatPe. He now leads FireAI’s mission to make business intelligence accessible to all, not just data analysts.
The global data analytics market, valued at $74 billion in 2024, is projected to surge to $482 billion by 2033, growing at an average annual rate of over 20%, according to industry estimates. In India, the market is expected to expand from $2.6 billion to $27 billion during the same period.
With the new funding, FireAI plans to capitalize on this growth by scaling its platform globally and empowering organizations to make smarter, faster, and more inclusive data-driven decisions.
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