India, Oct. 14 -- Enterprise AI startup Parallel Loop has raised $6.6 Mn (about Rs.63.1 Cr) in a seed funding round led by 3one4 Capital, with participation from Picus Capital, Flourish Ventures, and Economic Development Innovations Singapore.

Paytm founder Vijay Shekhar Sharma, CRED founder Kunal Shah, and former Singapore Economic Development Board chairman Philip Yeo also participated in the round, among others.

The startup plans to use the capital to strengthen its go-to-market strategy, expand its team, and scale operations, with a focus on Western markets, cofounder Prateek Jogani told Inc42.

Founded in June this year by Jogani and Yujun Chean, Parallel Loop helps mid-market and large enterprises integrate AI into their existing ...