GreyLabs AI secures ₹85 crore funding from Elevation Capital, Z47 to scale enterprise AI solutions across India and Southeast Asia

GreyLabs AI, a fast-growing enterprise AI startup based in Bengaluru, has raised ₹85 crore in a fresh funding round led by Elevation Capital and Z47, marking a major milestone in its journey to become a category-defining player in applied artificial intelligence. The round also saw participation from select angel investors and family offices focused on deep tech and SaaS innovation.

Founded in 2022 by IIT Bombay alumni Ankit Mehta and Radhika Sinha, GreyLabs AI specializes in building AI-powered decision intelligence platforms for large enterprises across manufacturing, logistics, BFSI, and energy sectors. The company’s proprietary stack combines predictive analytics, generative AI, and real-time data orchestration to help businesses optimize operations, reduce costs, and accelerate digital transformation.

GreyLabs AI ₹85 Crore Fundraise – Round Breakdown

The funding will be used to expand GreyLabs’ engineering and product teams, launch new vertical-specific AI modules, and establish regional hubs in Singapore and Jakarta. The company also plans to double its headcount to 220 by FY27 and invest in compliance, security, and multilingual model training.

CEO Ankit Mehta said, “This capital gives us the firepower to scale responsibly and deepen our product moat. We are building AI that doesn’t just automate—it augments human decision-making in high-stakes environments. Our goal is to make enterprise AI accessible, explainable, and outcome-driven.”

GreyLabs AI – Growth Metrics FY24 to FY26

GreyLabs AI’s platform is used by leading banks, supply chain operators, and energy utilities to forecast demand, detect anomalies, optimize routes, and simulate risk scenarios. Its flagship product, GreyCore, integrates with existing ERP and cloud systems, offering plug-and-play AI modules with explainability layers and compliance dashboards.

GreyLabs AI Product Suite – Sectoral Applications

Elevation Capital’s backing signals strong investor confidence in GreyLabs’ ability to scale across regulated industries. Z47, known for its deep tech thesis, will support the company’s Southeast Asia expansion, where demand for enterprise AI is surging in logistics, fintech, and smart infrastructure.

The startup is also investing in multilingual model training to support clients in Indonesia, Vietnam, and the Philippines. GreyLabs’ models are being fine-tuned for Bahasa Indonesia, Vietnamese, and Tagalog, with plans to add Thai and Malay by FY27.

GreyLabs AI – Southeast Asia Expansion Roadmap

GreyLabs AI is also working on a new initiative called “GreyLabs for Bharat,” aimed at deploying AI solutions for mid-sized Indian enterprises in Tier 2 and Tier 3 cities. The program will offer subsidized onboarding, vernacular dashboards, and training modules for non-tech teams.

Industry experts have praised GreyLabs’ capital-efficient growth and deep tech focus. “GreyLabs is solving real enterprise problems with scalable AI. Their hybrid deployment model and explainability-first approach make them stand out in a crowded space,” said a senior analyst at Tracxn.

Social media platforms and startup forums have responded positively to the funding news, with hashtags like #GreyLabsAI, #EnterpriseAIIndia, and #DeepTechFunding trending across Twitter/X, LinkedIn, and YouTube. Founders, CTOs, and investors are tracking GreyLabs’ next moves, especially its product launches and regional hiring.

Public Sentiment – Social Media Buzz on GreyLabs AI Funding

In conclusion, GreyLabs AI’s ₹85 crore fundraise led by Elevation Capital and Z47 marks a pivotal moment for India’s enterprise AI ecosystem. With a clear roadmap, strong investor backing, and differentiated product architecture, GreyLabs is poised to lead the next wave of AI adoption across regulated industries and emerging markets. As it scales operations and deepens its regional footprint, the startup’s focus on explainability, compliance, and multilingual access will be key to sustaining its momentum.

Disclaimer: This article is based on publicly available company announcements, verified financial data, and market commentary. It does not constitute investment advice or prediction of business outcomes. Readers are advised to follow official updates from GreyLabs AI and regulatory bodies for accurate information.