Neon Fund
Agga Abbas Ali Road, H M Gladiolus, Bangalore, Karnataka, 560042, India
Overview
Neon Fund invest in the first B2B SaaS investment, from pre-product to pre-idea stages.
- Total investments
- 17
- Lead investments
- 3
- Investments · 12mo
- 4
- Active investors
- 2
Investment portfolio
- Echovane
Led · Seed · Aug 2026
Echovane builds a platform of AI agents that handle market research end-to-end, including study design, participant recruitment and verification, multimodal fieldwork execution, and synthesis of qualitative and quantitative data. Its agents deliver findings via an interactive dashboard and insight reels, with the ability to trace every insight back to its source. The company says its platform reduces research timelines dramatically and has been adopted by global enterprises such as Coca-Cola, Procter & Gamble, Haleon, Kantar and Trustly. Echovane was bootstrapped until this pre-seed raise and its founders bring experience from Amazon, Stripe and Razorpay. With the new funding, the startup plans to deepen agent infrastructure, expand multimodal capabilities and scale its global participant network. Leadership highlights that improving participant quality and handling complex, multi-method research workflows are central to its product roadmap.
- Claryx
Participated · Seed · Aug 2026
Claryx develops genomic surveillance technology—branded CloneLink—that reads genomes of confirmed patient infections, links related cases into outbreaks, and traces each to likely sources including environmental reservoirs. The platform also builds a digital twin of a hospital from air, water and surface sampling to locate reservoirs of transmission, and Claryx says its proprietary chemistry cuts the most expensive sequencing step by more than twentyfold so continuous running is affordable. The company was founded by Kurt and Dirk Hackenberger and is based in New York, and it is already live across multiple health systems. The team highlights peer-reviewed results from a two-year study at UPMC Presbyterian that found 172 otherwise undetected outbreaks, stopped 96% of traced outbreaks, and estimated avoided infections, deaths and a 3.2-fold return on the program cost. Claryx positions itself as building a "hospital immune system" that detects transmission in real time and confirms when interventions worked. The company announced a $3.5 million pre-seed raise to scale deployments and operations.
- Mysa
Participated · Series A · Jan 2026
Founded in 2023 by Arpita Kapoor and Mohit Rangaraju, Mysa positions itself as the financial operating system for Indian companies with ₹10 crore–₹300 crore in annual revenue. Its cloud platform plugs into legacy ERPs and connects with 15+ major banks to deliver AI-driven invoice capture, multi-bank current-account management, real-time reconciliations, and automated GST compliance. Within a year of public launch the company is processing more than ₹1,500 crore in annualized transaction volume and facilitating payments to over 40,000 unique bank accounts, while reporting near-zero customer churn. Current customers span quick commerce, manufacturing, and real estate brands such as Dhan, Wint Wealth, Swish, DrinkPrime, and Material Depot. With fresh capital, Mysa plans to deepen its AI automation stack and roll out UPI-linked expense management, a corporate credit card, and AI-enabled procurement tools. The company has raised a cumulative $6.2 million to date, comprising seed and Pre-Series A rounds.
- Game State Labs
Led · Seed · Jan 2026
Game State Labs builds a specialized data layer that captures real-time in-game events and player state data, processes that information at scale, and feeds it into AI models for gaming studios. Its tools enable developers to generate faster insights, run player-level predictive analytics, and deliver personalized experiences such as dynamic difficulty tuning, ad-pricing optimization, and tailored in-app purchase bundles. The company is already integrating its platform with partner studios to improve gameplay and retention while supporting data-driven revenue strategies. Fresh capital will be used to enhance the product, expand engineering and business teams, and pursue global expansion. Founded in 2025 by Aashbir Bhatia, Ashwin Ramakrishnan, and Jagveer Gandhi, the Bengaluru startup aims to become the underlying AI infrastructure for studios as games grow in complexity. The $2 million seed round marks its first disclosed financing and sets the foundation for scaling its technology worldwide.
- CloudSEK
Participated · Series B · May 2025
Founded in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK delivers a cloud-native SaaS platform that maps digital footprints, correlates weak signals, and identifies emerging attack paths for its clients. The Bengaluru-headquartered company serves more than 300 enterprises across BFSI, healthcare, technology, and government sectors. Its core offering focuses on AI-driven attack detection and predictive threat intelligence, enabling organizations to strengthen external security postures from day one. CloudSEK positions itself as a research-first firm and has recently framed its identity as an Indo-American cybersecurity player. Following its latest funding, the company plans to establish a U.S. regional hub in Connecticut, recruit local cybersecurity and AI talent, and collaborate with academic and corporate partners. Financially, CloudSEK has concluded a $29 million Series B round (comprising a $19 million B1 tranche and a $10 million B2 tranche) and is backed by a mix of global investors including Commvault, MassMutual Ventures, Inflexor Ventures, and Connecticut Innovations.