In a significant move highlighting the growing prominence of generative AI (GenAI), Vodex, a leading GenAI company, has announced securing $2 million in a seed funding round. The investment comes from prominent venture capital firms, Unicorn India Ventures and Pentathlon Ventures. Vodex has outlined ambitious global expansion plans with the infusion of these funds, aiming to amplify its business by at least four-fold within the next year.

This funding milestone follows Vodex's earlier success in raising $320,000 in a pre-seed round led by 100X.VC back in July 2023. Established in 2022, Vodex specializes in AI-powered calling software, primarily serving businesses in the USA and Canada. With an impressive achievement of reaching $1 million in annual recurring revenue within just a year, Vodex underscores its rapid growth trajectory and market potential.

Anshul Shrivastava, the CEO of Vodex, hailed the investment as a validation of the transformative impact generative AI can have on sales. Shrivastava emphasized Vodex's commitment to enhancing customer service by investing in a dedicated and highly-trained support team. Vodex offers medium to large enterprises innovative sales solutions utilizing GenAI, facilitating personalized and engaging phone calls that simulate real human interactions, thus revolutionizing sales processes and efficiency.

Bhaskar Majumdar, Managing Partner at Unicorn India Ventures, expressed confidence in Vodex's disruptive capabilities, citing its potential to revolutionize CRM engagements through GenAI and SaaS integration. Kumar Saurav, Vodex's Chief Technology Officer, echoed this sentiment, underlining the company's mission to empower businesses with tools that expedite lead qualification and deal closures while ensuring a natural and immersive customer experience. With this latest funding injection, Vodex is poised for a dynamic phase of growth and innovation in the GenAI landscape.