BENGALURU, India – 9 July – Nurix AI, an enterprise AI company building autonomous AI software and agents for complex business workflows, today announced the acquisition of Verloop.io, one of India’s leading enterprise conversational AI companies, expanding its conversational AI capabilities across voice and chat for businesses in India and the Middle East.

The acquisition builds on NuPlay, Nurix’s flagship voice AI platform for customer engagement, and adds Verloop.io’s chat automation expertise and regional customer base. Verloop.io currently powers more than 20 million+ customer interactions every month., with particular relevance for sectors aligned with Nurix’s focus, including financial services and retail. With this acquisition, Nurix AI and Verloop.io are uniquely positioned to help enterprises production-grade AI agents across voice, chat and emerging AI-native channels, delivering measurable business outcomes at scale.

Nurix, founded by serial entrepreneur Mukesh Bansal, builds AI agents that help enterprises automate complex workflows and drive measurable business outcomes. Backed by General Catalyst, Accel and Prosus, the company has focused on helping enterprises move beyond AI pilots to production-grade deployments that improve efficiency, reliability and operational performance.

“AI is becoming a core operating layer for enterprises, but its value will be measured by real business outcomes, not pilots,” said Mukesh Bansal, Founder and CEO of Nurix AI. “Acquiring Verloop.io strengthens our ability to help enterprises move from experimentation to measurable ROI. Their expertise in chat automation, combined with  Nurix’s work voice AI, gives us a stronger platform to automate workflows across key customer touchpoints.”

Founded by Gaurav Singh, Verloop.io built its business around helping enterprises automate customer conversations across digital channels across banking, fintech, retail and telecommunications. As part of Nurix AI, Verloop.io’s team and operations will support the company’s expansion across chat-led customer engagement use cases, particularly in markets where messaging-first interactions are central to how businesses serve customers. As part of the transaction, Gaurav Singh will join Nurix AI as part of the company’s leadership team, helping shape product strategy, enterprise go-to-market and the next generation of AI agents.

“Over the last decade we’ve learned that enterprises don’t struggle to understand the possibilities of AI, but they struggle to deploy it reliably at scale. Together with Nurix I, we have exactly the kind of agentic platform we believe the market needs, and together we can dramatically accelerate how quickly enterprises adopt autonomous AI across the customer lifecycle.”, said Gaurav.

The acquisition expands Nurix’s ability to support enterprises that need AI agents across both synchronous voice interactions and asynchronous chat-led journeys.

Following the transaction, Verloop.io will become part of Nurix AI. The companies are not disclosing further product integration plans at this time.

Hyderabad, 22 May 2026: Octave, in partnership with IIIT Hyderabad and HYSEA, successfully hosted the May 2026 edition of the HYSEA TechForward Series on Friday, 22 May 2026, at Octave’s office in HITEC City, Hyderabad.  The 23^rd edition of TechForward, an industry-research monthly talk series, brought together a curated group of over two hundred industry leaders, academic researchers, enterprise technologists, and AI practitioners to deliberate on one of the most critical enablers of Industrial AI adoption – data readiness at scale.

Themed “Industrial AI: The Data Challenge”, the seminar focused on AI-ready data foundations, under the guiding tagline: “What it takes to get industrial data into a state where AI delivers reliable value.” The discussions highlighted how Industrial AI success is increasingly determined not just by algorithmic sophistication, but by the quality, structure, governance, and contextual integrity of underlying industrial data systems.

Across the seminar session and roundtable discussions, participants examined the persistent challenges faced by industrial enterprises, including fragmented and siloed data landscapes, legacy OT-IT integration barriers, inconsistent data standards, limited contextual labeling of machine and process data, and the difficulty of scaling AI pipelines across heterogeneous operational environments. The dialogue also emphasized that without strong data engineering and governance frameworks, AI deployments in industrial settings risk becoming brittle, non-replicable, or difficult to scale across business units.

The event was chaired by Sekhar Konidena, Vice President – Product and Services, Octave, who spoke on Octave’s work in solving real-world industrial challenges. Industry perspective on AI deployment and data transformation was provided by Suresh Kadambari, Vice President – Product Development, Octave, joined by colleague Srinivas Mallepally.

The academic keynote was delivered by Prof. Vineet Gandhi, Associate Professor at IIIT Hyderabad. His address underscored the intersection of research and industry needs in building robust, generalizable AI systems for complex industrial environments, with particular emphasis on data-centric AI approaches and the importance of structured representations of real-world industrial signals.

Speaking at the event, Sekhar Konidena, Vice President – Product and Services, Octave said, “Industrial AI is not primarily an algorithm challenge—it is a data challenge. The organizations that scale AI successfully will be those that build unified, trusted, and continuously evolving data foundations, treating data with the same strategic rigor as their core industrial operations. Industry-academia collaborations like this are essential to defining what truly AI-ready enterprises look like in practice”.

Adding to this, Suresh Kadambari, Vice President – Product Development at Octave, said, “Industrial AI is constrained less by model sophistication and more by the maturity of the underlying data ecosystem. Large-scale enterprises require structured, context-aware, and interoperable data foundations supported by embedded governance, domain-aligned architecture, and continuously refined data operations. Only through resilient and intelligently managed data infrastructure can AI progress from experimental capability to dependable enterprise-grade industrial intelligence.”

Prof. Ramesh Loganathan, Professor & Dean of Research/Innovation Outreach, IIIT Hyderabad said, “As the IT industry moves up the value chain, intensifying the engagement between industry and academic research is a critical need. This TechForward seminar series is an attempt at seeding these conversations, which is why this is a travelling series.” He noted that bridging the gap between academic research and industrial deployment requires sustained collaboration, particularly in the areas of data-centric AI design, robust annotation strategies, and domain-aware model development for industrial applications.

The HYSEA TechForward Series continued to serve as a strategic platform for fostering collaboration between academia, industry, and innovation ecosystems. Flt Lt. Bipin Pendyala, President, HYSEA, said, “Tech Forward has evolved into a strong platform that brings together industry, academia, and startups to shape conversations around emerging technologies. Over the past two years, the series has successfully connected research, innovation, and enterprise needs to address real-world business challenges. As AI reshapes the global technology landscape, Hyderabad is uniquely positioned to lead with its strong enterprise ecosystem, research depth, and innovation culture. We thank Octave for partnering with us for the May 2026 edition and contributing to the vision of building AI-ready industrial and enterprise ecosystems.”

The May 2026 edition saw strong participation from technology leaders, enterprise architects, members of Hyderabad’s deep-tech ecosystem and students, reinforcing the city’s growing role as a hub for industrial AI innovation and digital transformation.

Sectors in focus for this fund include AI, consumer, fintech and, manufacturing

Accel is the first institutional investor in 80% of its portfolio companies, supporting transformative ideas at earliest stages

Bengaluru – January 6^th, 2025 – Accel, a leading global venture capital firm, today announced that it has raised a $650 million early-stage fund dedicated to supporting bold founders in India and Southeast Asia. Accel’s latest fund, its eighth in India and SEA, will build on its commitment to partnering with early-stage founders to build disruptive, category-defining businesses that create meaningful impact. Accel leverages its over 40 years of experience and a global platform to provide the mentorship, networks, and support that founders need to lead in their domains.

With this fund, Accel will continue to partner with founders in AI, consumer brands, fintech, and manufacturing. The firm has identified sub-categories of focus within each of these themes:

Artificial Intelligence: Enterprise AI (Platforms that enable enterprise AI use cases using agentic technologies, LLMs and SLMs), Services as Software (AI startups taking advantage of India’s large IT services capabilities to provide better automation offerings), Vertical AI (Startups taking advantage of India’s large AI talent pool to integrate AI in vertical specific use cases).

Consumer: Bharat (Startups catering to the top 30% of households in India’s tier 2+ regions), India Native (Startups catering to the increasing demand by Indian consumers for higher service levels), and Aspirational Brands (Startups aiming to capitalize on the increasing discretionary spending of India’s consumption-first Gen Z demographic).

Fintech: Wealth Management (Startups catering to affluent consumers seeking personalized wealth advisory services through digital channels), Fintech Infrastructure (Startups bringing banks and fintechs together to enable best-in-class digital experiences for consumers and businesses), and Digital Distribution (Startups accelerating distribution of financial products by leveraging India’s digital public infrastructure)

Manufacturing: India To Global (Startups catering to global demand for diversified supply chains), India Native (Startups focused on high-quality production, and IP-driven, value-added manufacturing), and Industry 5.0 (Next-gen digital technologies transforming every factory floor leading to more efficient operations, higher-quality output, and sustainability)

Most median economic projections expect India to be a secular long-term growth story. As the fastest growing major economy globally, India’s GDP per capita is projected to rise by 60% from $2,700 in 2024 to $4,300 by 2029. India’s consumption story is expected to remain robust, and investments in public and digital infrastructure are expected to deliver sustained long-term economic growth.

While India’s public markets have grown 3x over the last 10 years, VC-backed companies represent less than 5 percent of the market capitalization. Public markets have started to embrace technology-led businesses, as demonstrated by two of its most recent listings, BlackBuck and Swiggy. Accel was the seed investor in both these companies.

“India is at an inflection point. Over the next decade, we are poised to add more to our GDP than we have in our economic history. The surface area of the opportunity for Indian founders to build and scale businesses that deliver large-scale impact is huge,” said Prayank Swaroop, Partner at Accel.  “With this latest fund, we are focused on AI, consumer, fintech, and manufacturing —areas that are reshaping industries and addressing the needs of a rapidly evolving market. Digital adoption is accelerating across urban and rural India, and founders are poised to solve real-world challenges and create solutions of global relevance. We believe the next wave of category-creating companies will come from those who can combine innovation with a deep understanding of customer needs.”

With over 16 years of operating in India and Southeast Asia, Accel has partnered with companies that have reimagined industries from e-commerce and SaaS to manufacturing. Accel has made substantial investments in companies across sectors such as Amagi, Acko, BlackBuck, BlueStone, BrowserStack, Cult.fit, Flipkart, Freshworks, Swiggy, Urban Company, and Zetwerk. Accel is the first institutional investor in 80% of its portfolio companies.

According to Shekhar Kirani, Partner at Accel, “India’s startup ecosystem is increasingly becoming the driving force behind the nation’s economic progress, with VC-backed companies surpassing $50 billion in public market capitalization. Indian founders have built resilient and enduring businesses which have been embraced by the public markets. As India’s GDP and public market cap grow, we expect large outcomes from disruptive businesses led by bold and visionary founders. As always, Accel strives to be the first partner to these exceptional entrepreneurs.”

In recent years, Accel has launched some key initiatives to make a founder’s journey as frictionless as possible and fuel the ecosystem’s growth. The firm’s open-source content and community platform, SeedToScale, democratizes company-building knowledge with actionable insights from successful founders, operators , and industry leaders. Accel’s early stage scaling program, Accel Atoms, now in its fourth iteration, has supported 36 startups to date that have collectively raised over $200 million. In the past two years alone, Accel invested in over 27 AI startups in India or by Indian-origin founders.