AuxoAI Raises $20.7M Series A — Startup Funding India, October 2026

Enterprise AI continues to draw serious cheques in startup funding in India: AuxoAI has raised $20.7 million (over ₹195 crore) in a Series A funding round led by NTTVC, the Silicon Valley venture firm backed by Japanese telecom giant NTT.

The round also saw participation from high-profile industry executives turned investors — George Still Jr., partner emeritus at Norwest Venture Partners, Amit Zavery, president, chief product officer and COO at ServiceNow, and Giacomo Sonnino, managing director at Charlesbank Capital Partners — who join as strategic investors and advisors.

Founded in 2023 by Avaneesh Tripathi, Avinder Pal Singh and Kabir Singh, AuxoAI runs a forward-deployed engineering (FDE) model: it embeds AI strategists and engineers inside large enterprises to redesign workflows and deploy production AI systems. Its proprietary platform, Damia, acts as an "AI workbench for enterprise delivery", capturing institutional knowledge from past engagements into a reusable context layer.

The startup says it has worked with more than 40 clients across manufacturing, consumer goods, healthcare and telecom, including athenahealth and Fogo de Chão. AuxoAI will use the fresh capital to deepen strategic ecosystem partnerships, expand its talent pool of forward deployed engineers, and invest in its technology and AI-native delivery capabilities.

"Our vision is to build a new kind of AI company — one that combines human expertise, enterprise context and engineering," the co-founders said in a joint statement. The company was earlier selected as an AI Pureplay Partner for the Gemini Enterprise Transformation programme tied to Google's $750 million enterprise AI investment push.