Uptiq raises $25M in Series B funding, plans expansion of India research hub

AI platform Uptiq has raised $25 million in a Series B funding round led by Curql, with participation from multiple institutional investors, as the company looks to expand its artificial intelligence research and engineering operations in India.

The Pune-based hub, branded as Uptiq Labs, functions as the company’s global centre for AI development focused on financial services. The firm said a significant portion of the new capital will be directed toward scaling research, engineering capacity, and production-grade AI systems designed for use in regulated financial environments.

Uptiq positions its technology as industry-specific AI infrastructure for banks, credit unions, and wealth management firms, rather than general-purpose AI tools. The platform is designed to integrate with existing financial systems while addressing security, compliance, and auditability requirements — factors that often slow AI adoption in regulated sectors.

“Banks and credit unions don’t need more AI demos — they need systems that actually run in production,” said Dave Tucker, Partner at Curql. “Uptiq combines production-ready financial AI with a platform builders can extend, which is why we’re excited to back the team.”

The company says its AI tools support workflows across lending, underwriting, wealth management, compliance, and operational automation. Uptiq reports that its systems are used by more than 140 financial institutions globally and have processed over $1 billion in transactions.

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It claims customers have recorded faster underwriting decisions and operational cost savings, though independent verification of these figures was not disclosed.

Founder and CEO Snehal Fulzele said the focus remains on translating AI experimentation into deployable systems.

“Financial institutions around the world are experimenting with AI, but very few have been able to move it into real production,” Fulzele said. “India plays a critical role in solving that problem. Uptiq Labs is where we research, engineer, and harden AI systems that financial institutions can trust at scale.”

At the core of Uptiq’s offering is Qore, an AI orchestration platform developed by its India-based teams. The system combines document analysis, financial reasoning, and automated workflows to help institutions build and deploy AI-driven applications. The company plans to expand Qore into a more self-serve platform aimed at developers and financial technology teams.

“India has the depth of talent needed to build the next generation of financial AI,” Fulzele added. “Our goal is to make Uptiq Labs a centre of excellence for AI research that powers financial institutions worldwide.”

The funding comes amid growing investment in sector-specific AI platforms, particularly those targeting heavily regulated industries such as finance. Market observers note that while adoption remains cautious, financial institutions are increasingly exploring AI tools that promise operational efficiency without compromising regulatory compliance.