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Enterprise AI startup AuxoAI raises $20.7 million in Series A funding led by NTTVC

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Enterprise AI startup AuxoAI raises $20.7 million in Series A funding led by NTTVC

Enterprise AI company AuxoAI has raised $20.7 million in a Series A funding round led by NTTVC, a Silicon Valley-based venture capital firm formed in partnership with Japanese technology group NTT.

The round also saw participation from George Still Jr., Partner Emeritus at Norwest Venture Partners and longtime Workday board member; Amit Zavery, President, Chief Product Officer and COO at ServiceNow; and Giacomo Sonnino, Managing Director at Charlesbank Capital Partners and former COO of QuantumBlack North America.

AuxoAI said it will use the funding to expand its global team of AI specialists, invest in proprietary technology and AI-native delivery capabilities, and strengthen its market presence and strategic partnerships.

Founded in 2023 by Amaresh Tripathy, Arvinder Pal Singh and Kabir Singh, the San Francisco Bay Area-headquartered company works with large enterprises to identify opportunities for AI adoption, redesign business processes and develop systems for use in day-to-day operations.

Its Forward Deployed Engineering (FDE) model brings together AI strategists and engineers who work directly with customers to understand their operations and develop production-ready AI solutions.

The company said it has worked with more than 40 clients across industries including manufacturing, consumer goods, healthcare and telecommunications, helping businesses improve productivity, streamline operations and strengthen customer engagement.

AuxoAI has also developed Damia, a proprietary FDE workbench that draws on knowledge from previous enterprise AI deployments to help speed up implementation.

Its customers include healthcare technology company athenahealth and restaurant chain Fogo de Chão. Executives from both businesses described their use of AuxoAI's technology in the company's funding announcement.


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