Skip to main content

Share story

Capital

Deccan AI raises $25M in funding round

Deccan AI raises $25M in funding round Image: Primary
Deccan AI has raised 25 million dollars in its first major funding round. The all-equity Series A round was led by A91 Partners, with participation from Susquehanna International Group and Prosus Ventures. The startup supplies post-training data and evaluation work for AI models. Much of that work is carried out by an India-based workforce of experts. Deccan was founded in October 2024. It is headquartered in the San Francisco Bay Area with a large operations team in Hyderabad and employs about 125 people. Founder Rukesh Reddy said the company grew 10 times over the past year. It is now at a double-digit million-dollar revenue run rate, with about 80 percent of its revenue coming from its top five customers. Deccan provides services ranging from helping models improve coding and agent capabilities to training systems to interact with external tools. It works with frontier labs on tasks such as generating expert feedback, running evaluations and building reinforcement learning environments. The company also serves enterprises through products including its evaluation suite, Helix, and an operations automation platform. Its customers include Google DeepMind and Snowflake. Deccan has onboarded about 10 customers and runs a couple of dozen active projects at any given time. It relies on a network of more than 1 million contributors, with 5,000 to 10,000 active in a typical month.
Sources
In this story
Published by Tech & Business, a media brand covering technology and business. This story was sourced from TechCrunch and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Infrastructure Capital
Infrastructure Capital

Nscale secures $3.36 billion in financing ahead of planned IPO

British AI data center developer Nscale said it secured $3.36 billion in convertible-note financing ahead of a planned US stock-market listing. The Third Point-led deal makes $2.36 billion available immediately, while a further $1...

Infrastructure Products
Infrastructure Products

Tower and Japan plan $4 billion optical chip expansion

Tower Semiconductor and Japan's government plan to invest a combined $4 billion in Japanese factories that make chips for optical connections, Tom's Hardware reports. Tower plans to contribute $3 billion and Japan's Ministry of Ec...

Capital AI
Capital AI

Enveda raises $311 million to advance AI-assisted drug candidates

Enveda has raised $311 million in Series E financing at a $2 billion valuation as it moves drug candidates found through its AI-assisted search of natural compounds into human testing. Catalio Capital Management led the round, wit...

Security Infrastructure
Security Infrastructure

Researchers find personal data exposed in around 16,000 Supabase databases

Security firm UpGuard found around 16,000 databases hosted by Supabase with some personal data exposed to the public web, TechCrunch reports. The accessible information included names, addresses and phone numbers; a smaller number...

Security Policy
Security Policy

CISA sets deadlines for agencies to address four exploited software flaws

CISA has added exploited vulnerabilities affecting WSO2 products, Adobe Commerce, Microsoft SharePoint and Mikrotik RouterOS to its Known Exploited Vulnerabilities catalog. Federal agencies using the affected products must apply r...

AI Products
AI Products

S&P Global Energy opens governed data queries to customer AI agents

S&P Global Energy says it has built a way for customers' AI agents to query its structured energy data in natural language. Its domain experts organize datasets into focused Databricks Genie Agents, each with business definitions ...