GenAI-focused startup subtl.ai, after raising $200K from angel investors, has shut down due to inability to raise fresh funds.
Cofounder and CEO Vishnu Ramesh cited lack of market focus and infra GTM as key reasons for the shutdown.
Started in 2019, subtl.ai aimed to leverage GenAI for optimizing information discovery for enterprises, including SBI and defense contracts.
Despite achievements like 92% accuracy in information retrieval for SBI, the startup faced challenges in sustaining its operations in a competitive market.