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GenAI Startup subtl.ai Shuts Shop After Failing To Raise Funds

  • GenAI-focussed startup subtl.ai has shut down after failing to raise funds despite previously securing $200K from angel investors.
  • Cofounder and CEO Vishnu Ramesh announced on LinkedIn that the startup was closing due to the inability to secure additional capital.
  • The startup, launched in 2019, aimed to optimize information discovery for enterprises using GenAI technology, with plans to build a 'Private Google' for businesses.
  • Despite aspirations to raise a seed round of $1 Mn and achieve $500K Mn in FY25 revenues, subtl.ai only generated INR 55 Lakh in total revenue since 2020, leading to its closure.

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