New Delhi, February 17 Uptiq, an AI platform for financial services, announced on Tuesday that it has raised USD 25 million in a funding round led by Curql.
The funds raised in the Series B round will be used to enhance Uptiq's global AI capabilities and strengthen India as its primary hub for AI research and engineering.
The round was led by Curql, with participation from Silverton Partners, 645 Ventures, Broadridge, Green Visor Capital, Live Oak Ventures, First Capital, Epic Ventures, Tau Ventures, and Evolution VC.
A significant portion of the funding will be invested in Uptiq Labs in India, which serves as the company's global center for AI research, engineering, and innovation for financial services.
Uptiq Labs focuses on building production-grade AI systems that can operate reliably in highly regulated financial environments.
"Financial institutions around the world are experimenting with AI, but very few have been able to move it into real production," said Snehal Fulzele, Founder and CEO of Uptiq, adding that India plays a critical role in solving that problem.
Uptiq's solutions cover commercial and consumer lending, wealth management, underwriting, compliance, and operational automation, and are already used by more than 140 financial institutions globally.
"Uptiq combines production-ready financial AI with a platform that builders can extend," said Dave Tucker, Partner at Curql.
Through Uptiq Labs in India, the company conducts advanced AI research and builds production-grade systems that help financial institutions move from experimentation to real-world impact.