Press release
Self-serve supply chain deep tech startup, TrueGradient AI, raises $700k in seed round led by Shastra VC
US - Oct 9, 2024 - TrueGradient.AI, a Self-Serve AI software platform provider for transforming global enterprises' supply chain planning, has secured $700K in seed round funding led by Shastra VC, with participation from Neon, Relentless VC, and noted angel investors including Pratul Shroff, Akash Verma, Abhishek Kapur and Yogesh Kulkarni.
The rise of Self-Serve AI platforms aims to solve this issue by empowering frontline professionals - planners, analysts, and data scientists - allowing them to take control of AI tools. It grants them the autonomy to conduct experiments, fine-tune parameters, and run scenarios precisely tailored to their specific business contexts.
TrueGradient is creating the industry's first Self-Serve platform at the intersection of AutoML and supply chain planning. The platform drives end-to-end planning decisions, helping companies improve service levels while minimising costs. Key functionalities include demand forecasting and optimisation of the network, inventory, price, promotion, and assortment. The platform utilises an AI Neural Engine to help companies realise doubledigit forecast accuracy improvement, up to 30% reduction in days of supply, and up to 30% reduction in promotion spending.
"The fresh capital will accelerate the product development and fuel global expansion. We're committed to building a world-class solution that sets new industry standards. Our focus remains on delighting our user community with exceptional experiences," said Ankur Verma, CEO of TrueGradient. "TrueGradient AI acts as a complimentary resource for the supply chain team, enabling them to build tailored solutions for their specific business requirements," added Namrata Gupta, COO at TrueGradient.
The seed round was led by Shastra VC, a prominent venture capital fund, "What differentiates TrueGradient is its deep IP in Neural Net Architecture and engineering, which is the underlying innovation enabling a Self-Serve system. The self-serve approach and super quick, smooth onboarding could be game changers for SMBs and mid-market. The accuracy their models drive can generate significant value for enterprises," said Ashis Nayak, Founding Partner at Shastra VC.
Within the first 12 months of their journey, TrueGradient has built a loyal customer base in India and North America, consistently delivering exceptional value.
"We firmly believe that the lackluster performance of traditional systems stems from a clear and fundamental problem: dissatisfied users, or low user adoption. To fulfill our mission of delighting our user community, every feature we develop is aimed at making the platform more intuitive, flexible, and self-service oriented," said Jasneet Kohli, CRO at TrueGradient. "To ensure our self-serve application delivers an effortless user experience, we're also harnessing the power of Large Language Models across our entire platform. This advanced technology enhances everything from streamlining data integrations to providing responsive customer support, creating a smooth and intuitive journey for our users," added Siddharth Shahi, CTO at TrueGradient.
About TrueGradient
TrueGradient AI was founded to address speed-to-value gaps in supply chain planning and analytics initiatives. Through our innovative Self-Serve AI Supply Chain Planning platform, we are helping companies grow revenue and margin by improving demand forecast accuracy, inventory, and promotion investment decisions. The platform uses causal neural models, probabilistic machine learning, and reinforcement learning to maximise service at the lowest cost.
For inquiries, contact:
Ankur Verma
ankur@truegradient.ai
For more information, please visit: https://truegradient.ai
Media Contact
Company Name: TrueGradient AI
Contact Person: Media Relations
Email: Send Email [http://www.universalpressrelease.com/?pr=selfserve-supply-chain-deep-tech-startup-truegradient-ai-raises-700k-in-seed-round-led-by-shastra-vc]
Country: United States
Website: https://truegradient.ai
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Self-serve supply chain deep tech startup, TrueGradient AI, raises $700k in seed round led by Shastra VC here
News-ID: 3685320 • Views: …
More Releases from Getnews
Dr. Nirav Sharma - The Force Behind Green Revolution
Image: https://www.globalnewslines.com/uploads/2025/10/1761930226.jpg
Dr. Nirav Sharma stands out as one of India's most promising entrepreneurs in the fast-moving consumer goods (FMCG) sector. He hascreated 120+ innovative, eco-friendly & chemical-free products that are patented in 137 countries.
From skin, hair, and body care products to home, pet, and car care essentials, his brands address wellness at every level. With Custom Concept, customers can personalize their own products with 70+ natural nectars, while 8.5 Research…
Fast-Growing E-bike Brand Kingbull Opens 13 U.S. Retail & Service Locations to E …
Kingbull, a leading fat-tire e-bike brand, expands its U.S. presence with 13 new retail and service locations, offering test rides, maintenance, and personalized support to make high-performance e-bikes more accessible nationwide.
Kingbull strengthens its U.S. footprint through expanded dealer partnerships and new experience centers, bringing test rides and service closer to riders nationwide.
Image: https://www.globalnewslines.com/uploads/2025/10/2b5e1f58b8b671aaa556697ac226d26c.jpg
Kingbull [https://www.kingbullbike.com/?utm_source=press+release&utm_medium=kingnewswire%09%09%09%09%09%09%09%09%09&utm_campaign=pr], a fast-growing and trusted name in the fat-tire E-bike industry, today announced the opening of more…
Benjamin Nasberg Calls for Stronger Community Action to Support Local Restaurant …
Carbone Restaurant Group CEO Urges Canadians to Reinvest in Local Dining and Charitable Food Programs
Entrepreneur and CEO Benjamin Nasberg is calling on communities across Canada to take action in support of local restaurants and food security initiatives, highlighting how small acts of consumer choice and compassion can make a measurable difference.
Nasberg, who founded the Restaurant Emergency Support Fund (RESF) during the COVID-19 pandemic, believes that economic recovery and social impact…
Adaina Wins Two Awards for "Well, Mama, This is It (It's Now Or Never)"
Image: https://www.globalnewslines.com/uploads/2025/10/1761672247.jpg
Author Adaina is proud to announce that her book has recently received two awards. The Literary Titan Book Award and the International Impact Book Awards have both been bestowed upon "Well, Mama, This is It (It's Now Or Never)" in recognition of its outstanding contribution to social justice and political poetry. "Well, Mama, This is It (It's Now Or Never)" has captivated readers with its engaging storyline, compelling characters,…
More Releases for TrueGradient
TrueGradient AI Strengthens Leadership with Addition of Respected Industry Exper …
Image: https://www.getnews.info/uploads/7d64ee7ae95afca5a76ce753eba2b584.png
TrueGradient AI [https://truegradient.ai], an innovative provider of Self-Serve AI supply chain planning platform, today announced the appointment of three highly respected industry veterans to its board of advisors. Ashis Nayak, Abhishek Kapur, and Yogesh Kulkarni bring a wealth of entrepreneurial, operational, and strategic expertise to TrueGradient, further bolstering the company's position as a disruptor in the supply chain technology space.
"I am thrilled to join the board of advisors at…
