Pune-based Light Information Systems, which offers artificial intelligence-based solutions under the brand name of E42, said it raised $5.4 million (around Rs 40.4 crore) led by Pavestone Ventures in Series A round.
The startup will use the funds to boost R&D, build its partner ecosystem, and engage businesses globally. The company was founded in 2012 by Animesh Samuel and Sanjeev Menon.
