GeoIQ, a Bangalore, India-based location intelligence startup, secured $2.25 million in funding from Lenskart, an omni-channel eyewear retailer.

Existing investors 9Unicorns and Ecosystem Ventures also participated in the round.

The new capital will enable the location AI firm to expand globally, develop its unique data stack, and build various AI models by leveraging communities of data scientists.

Company: Quantduo Technologies Private Limited

Raised: $2.25M

Round: Unknown 

Funding Month: May 2022

Lead Investors: Lenskart

Additional Investors: 9Unicorns and Ecosystem Ventures

Company Website: https://www.geoiq.io/

Software Category: AI-powered location intelligence engine

About the Company: Founded by Devashish Fuloria, Tushneet Shrivastava, and Ankita Thakur, GeoIQ (also known as Quantduo Technologies) is a technology company that develops a location intelligence platform. GeoIQ is a locational intelligence platform that tells the value of each location - people, their behaviors, businesses, and potentials - as easily. GeoIQ builds custom models or access over 2000 attributes using just an address in real-time. Identify location-based patterns in your data and predict look-alike behaviors across geographies. Harness the power of external data without any hassle with over 600 trusted data sources and automated discovery of relevant attributes.

Source: https://economictimes.indiatimes.com/tech/funding/lenskart-leads-2-25-million-funding-round-in-location-intelligence-startup-geoiq/articleshow/91660093.cms