Intellect Design Arena Arm Targets $100 Mn Revenue By 2029; Launches New AI Platform

IntellectAI, a division of Intellect Design Arena, has revealed that it is setting its sights on reaching USD 100 million in revenue by 2029 with its newly launched platform, Purple Fabric. 

The company said it aims to secure over 50 customers in the next three to five years, with the platform tailored specifically for financial institutions (FIs). 

Purple Fabric has been launched to help financial institutions by integrating AI into their operations to enhance accuracy, speed and efficiency. 

The Purple Fabric platform features a modular design that allows financial institutions to align their AI strategies with their current readiness and goals. Among the six key products offered by Purple Fabric is PF Imagine, PF Govern, PF DIMS, PF Expert Agent, PF Triad and PF LLM Benchmark.

In a statement, Banesh Prabhu, CEO at IntellectAI said, “Our vision is to enable Financial Institutions to seamlessly integrate AI into their operations, achieving new levels of accuracy, speed, and efficiency. With its modular design and advanced AI capabilities, Purple Fabric equips FIs to navigate the complexities of the financial landscape with confidence, paving the way for the future of work through Ethical AI.”