M37Labs Receives Pre-Seed Funding Boost from Concept Group
Mumbai, India December 23, 2024: M37Labs, an innovative AI solutions company, today announced its official launch with a mission to empower enterprises with cutting-edge AI capabilities. Founded by Prashant Shivram Iyer and Zorawar Purohit, M37Labs has secured a significant undisclosed amount in a pre-seed fund round from Vivek Suchanti – owner of the Concept Group, signalling a strong confidence in the company’s vision and potential.
AI-Powered Transformation for Enterprises
M37Labs is uniquely positioned as an AI-born AIaaS (AI as a Services) company, offering a comprehensive suite of AI solutions designed to help enterprises navigate the complexities of AI adoption and implementation. The company’s core offerings include:
- AI Strategy Workshops: M37Labs collaborates closely with C-Suite executives to understand their business objectives and develop tailored AI strategies that align with their organisational goals
- AI Workflow Design: M37Labs assists enterprises in designing and implementing efficient AI workflows that seamlessly integrate with existing business processes
- AI Software Development: The company’s team of expert AI engineers develops custom AI software solutions that address specific business challenges and drive exponential growth
“We are thrilled to launch M37Labs and embark on this exciting journey to empower enterprises with the transformative power of AI,” said Prashant Shivram Iyer, Co-founder of M37Labs. “Our mission is to make AI accessible and actionable for businesses of all sizes, enabling them to achieve their strategic objectives and drive sustainable growth.”
Zorawar Purohit, Co-founder of M37Labs, added, “We believe that AI has the potential to revolutionise industries and drive significant economic progress across emerging economies. M37Labs is committed to being at the forefront of this transformation, providing innovative AI solutions and expertise to our clients.”
Vivek Suchanti, Investor from the Concept Group, expressed his confidence in M37Labs, stating, “We are impressed by the vision and capabilities of the M37Labs team. Their deep expertise in AI and commitment to ethical AI practices make them a valuable partner for businesses seeking to leverage AI for growth and innovation.”
M37Labs is committed to serving a diverse range of industries, with a particular focus on BFSI, Retail, E-Commerce, Telecom, Travel & Hospitality, Defense, Space-tech, Healthcare, Media, and Start-ups. The company’s AI solutions are designed to address the unique needs and opportunities within each sector.
In addition to its enterprise offerings, M37Labs is dedicated to playing a pivotal role in shaping AI governance in India. The company will serve as a neutral advisor to governments, providing guidance on AI governance frameworks and the implementation of citizen governance tools.