Metaforms, an innovative AI startup based in Bengaluru, has successfully raised $9 million in a Series A funding round. The investment was led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund. This funding marks a significant milestone for Metaforms as it aims to transform the way market research agencies manage their workflows.
Transforming Market Research with AI
Founded in 2022 by Akshat Tyagi and Arjun S, Metaforms focuses on developing AI-powered agents that automate complex tasks like survey programming, data processing, and vendor coordination. This automation allows market research firms to speed up project delivery and improve scalability, a critical need for companies wanting faster, data-driven insights.
Expanding Talent and Global Footprint
The new capital will help Metaforms expand its engineering and AI research teams in Bengaluru threefold. In addition, the startup plans to open an office in New York City, strengthening its position in the US market, where most of its clients are located. The funds will also be used to enhance Metaforms’ AI tools, including automated report generation and voice-based research capabilities, along with seamless integration into popular market research platforms like Decipher, SPSS, and Confirmit.
Rapid Growth and Future Ambitions
Since its commercial launch just six months ago, Metaforms has already collaborated with four of the top 20 global research agencies, handling over 1,000 surveys each month. The startup aims to scale rapidly to process more than 100,000 surveys annually, helping agencies deliver meaningful insights faster than ever before.
Founder Akshat Tyagi underlines that Metaforms’ AI solutions are designed to support researchers by automating repetitive tasks, ensuring human expertise remains at the core of decision-making.
India’s Emerging AI Landscape in Market Research
Metaforms’ success story reflects the growing trend of AI adoption in India’s startup ecosystem. As Indian companies increasingly look for smart ways to leverage data, startups like Metaforms are crucial in driving innovation. With its cutting-edge technology and focus on the US and global markets, Metaforms is set to become a leading name in AI-powered market research automation from Bengaluru.