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Bhavin Turakhia Funds Neo With $30 Million to Build an AI-Native Workplace Suite

Turakhia plans to move the internally used platform into paid mid-market rollout to test a model-agnostic, AI-first replacement for legacy office software.

Overview

  • Neo, which Turakhia unveiled Thursday, is backed by a $30 million personal investment and has been used inside his companies before the public announcement.
  • The platform combines project management, documents, file storage, real-time collaboration, autonomous agents, and embedded AI in a single workspace.
  • Neo is designed to be model-agnostic so customers can swap underlying AI models rather than being tied to one provider.
  • The Bengaluru-based startup currently has about 45 employees, expects to hire toward roughly 100 by year-end, and plans a phased rollout aimed at mid-sized knowledge-work firms.
  • Turakhia says he is bootstrapping Neo because he believes legacy workplace suites must be rebuilt for generative AI, and he hopes even a small share of the large enterprise market would yield a sizable business in a crowded competitive landscape.