Assertion Supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

Artivatic.ai Has Raised Approximately $1 Million in Funding

Layak Singh · Artivatic Insurtech API $1m Revenue, Closing $500k Round Now · Aug 13, 2020 · at 12:00

Layak Singh, CEO of Artivatic.ai, discusses the fundraising history and outside capital raised for the company.

0:00 / 0:02exact quote · 2.5s

720p mp4 · rendered on demand · StarZero watermark

“I raised about a million dollar kind of funding after that.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Artivatic.ai had raised approximately $1 million in total funding as of August 2020.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Contemporaneous venture tracking data and reporting confirm that prior to August 13, 2020, Artivatic Data Labs (Artivatic.ai) had completed several angel and seed-stage funding tranches—including investments from Rahul Sood, Spark10, Lucida Technologies, Indian Angel Network, and SenseAI Ventures—totaling between $850,000 and $1,000,000 USD. This squarely aligns with then-founder Layak Singh's claim of having raised 'about a million dollar kind of funding' as of August 2020.

Venture databases (YourStory) recorded Artivatic's cumulative funding prior to its late-2020 bridge round at approximately $850,000 USD as of August 4, 2020.
Documented rounds between 2017 and 2019 included a September 2017 angel round of ~₹1 crore (~$133,000–$165,000 USD) and a February 2019 seed/pre-Series A round led by IAN and SenseAI Ventures ($500,000 USD).
Total disclosed capital across all pre-August 2020 tranches aggregates to between $800,000 and $1,000,000 USD.

Checked against

[1] vccircle.com [2] techcircle.in [3] nasscom.in [4] indiatimes.com [5] keyventure.in [6] tracxn.com [7] startuptalky.com [8] financialexpress.com

"Artivatic" funding Tracxn OR Crunchbase OR "total funding" "Artivatic" "Indian Angel Network" 2019 OR 2018 amount "Artivatic" raised seed OR angel OR "Series A" 2018 OR 2019 OR 2020 "Artivatic.ai" total funding August 2020 "Artivatic" "Lucida Technologies" funding amount

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Artivatic.ai Layak Singh

⚑ Spot an error? Report it

More from Layak Singh

Assertion Not checkable as stated

Artivatic has experienced zero customer churn to date

“Basically, wherever you work with any businesses right now, we haven't lost any business as of now.”

Layak Singh Aug 13, 2020 ▶ 14:18 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Disclosure

Artivatic acquires 100% of customers via referrals and inbounds

“So all these customers that we are getting is completely coming by the referrals or inbounds. And our only cost for that is acquisition costs only for travel costs. That is also zero right now because of COVID.”

Layak Singh Aug 13, 2020 ▶ 14:43 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Disclosure

Singh: Artivatic's average customer pays around $20,000 per month

“As of now, we have seen an average customer who's paying to us is around 20,000 dollars.”

Layak Singh Aug 13, 2020 ▶ 6:08 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Assertion Not checkable as stated

Artivatic reaches $1M in contracted book value

“So book value is about a million dollar, but the license is less actually.”

Layak Singh Aug 13, 2020 ▶ 9:20 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Disclosure

Layak Singh personally lost $500,000 investing in his previous startup

“No, in last company, I basically invested my own half million dollars as well. I lost everything.”

Layak Singh Aug 13, 2020 ▶ 10:16 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Disclosure

Artivatic is closing a $500k bridge round

“Currently due diligence is going on. So we have signed up the documents and papers due diligence is going on.”

Layak Singh Aug 13, 2020 ▶ 13:37 Artivatic Insurtech API $1m Revenue, Closing $500k Round Now

Artivatic.ai Has Raised Approximately $1 Million in Funding

More from Layak Singh

Turn any episode into a week of clips.