Sunday, Sep 24 2023 | Time 13:46 Hrs(IST)
Business Economy

DPhi secures seed funding of INR 2.4 cr from Selçuk Boydak

Hyderabad, Aug 9 (UNI) Global AI community, DPhi backed by Start it @KBC, Startup Chile, and Microsoft for Startups, on Tuesday announced that it has raised strategic seed funding of €300,000 (INR 2.4 Cr) from Selçuk Boydak, a serial AI entrepreneur, investor, and philanthropist.
Selçuk has been successfully building innovative companies for over 20 years, primarily in Switzerland, and is currently focusing on the global roll-out of a unique AI ecosystem, Belgium-based DPhi said in a release.
As part of this strategic investment, DPhi will intensify its collaboration with the Swiss scale-up companies AI Business School and Global AI Hub to create a unique global AI ecosystem. The joint mission is to prepare the world for the AI era and develop the next generation of AI entrepreneurs and changemakers.
DPhi started with the vision to make AI education accessible to everyone and build AI for good to solve key challenges of humanity.
As part of its community initiatives, DPhi provides free AI and data science courses by industry experts from large tech companies or startups worldwide. Over 100K plus learners from 150 plus countries have benefited since its inception in 2020.
The impact of DPhi extends beyond education; its Crowdsourcing AI Platform empowers the community members to apply their skills to solve real-world problems.
Soon the company will launch a global AI marketplace with ready-to-use AI solutions (algorithms) built by the best data scientists worldwide.
Commenting on this development, DPhi’s founder Chanukya, said, “There is a significant vacuum in the industry as a result of which companies struggle to drive impact with AI projects.
Right now, the adoption of AI that we are seeing is just due to the application of AI at large tech companies. As AI is rapidly evolving, its education, awareness and adoption of development practices are more important than ever for each one of us.
With DPhi, we aim to prepare the world for the AI era by educating and building AI for the people, by the people,” he said.
Selçuk's business leadership and our collaboration with his Swiss AI scale-ups will enable us to surge our impact in shaping the future of the AI ecosystem, Chanukya added.
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