AI startup SignalX lands Rs 6 crore funding from 9Unicorns, others

SignalX, an AI-powered risk management and compliance startup, has raised Rs 6 crore in its first round of funding from three investors.

The investors include 9Unicorns, India's first idea-phase accelerator VC fund, 3Lines VC, a US-based VC fund with Hyderabad Angels as a co-investor. Rajiv Roy, venture partner at 3Lines is joining the board of SignalX.

“Our due diligence AI is purpose-built to help risk management professionals across industries execute a broad range of analyses and deal with a multitude of regulator data streams to generate defendable risk assessments on counterparties and third-parties. We will leverage the funding to strengthen our core team and expand our customer base,” said Govind Balachandran, CEO and Co-founder – SignalX.


“With its ingenious and ambitious core team, SignalX can easily capitalize on this market need and expand its customer base,” Apoorva Ranjan Sharma, Co-founder & Managing Director – 9Unicorns said.

SignalX hopes to become a go-to platform for risk management professionals for providing financial and legal analysis on any target that they are doing business with its promoters, key managerial personnel, and related parties.Artificial intelligence startup, SignalX, raises Rs 6 crore from for investors