AuxoAI raises $20.7M Series A led by NTT Venture Capital for enterprise AI

AuxoAI raised $20.7 million in a Series A led by NTT Venture Capital, with George Still Jr., Amit Zavery and Giacomo Sonnino also taking part. The San Francisco company was founded in 2023 by Amaresh Tripathy, Arvinder Pal Singh and Kabir Singh. It sells forward-deployed engineering teams that place strategists and engineers inside enterprise customers, and it says it has worked with more than 40 clients. The new capital will fund hiring of AI specialists, development of its proprietary Damia platform and expansion into new markets. The company positions its model as a path from small AI experiments to production systems. Its investors include a corporate venture arm tied to NTT and executives from enterprise software, which points to customer access as a key asset. For founders, the round shows that a services-heavy AI company can raise institutional capital when deployments produce measurable business outcomes. Builders selling AI into large enterprises should watch how this approach compares with software-only products on pricing and time to value.