# Elevation Capital

Type: Company

Source: AI Intelligence Brief — https://getaibrief.com/entity/elevation-capital
Canonical HTML page: https://getaibrief.com/entity/elevation-capital

## Timeline

- **2026-03-16**: Series C Funding — Secured $36 million led by Susquehanna Asia VC to accelerate AI roadmap.
- **2024**: Series B Funding — Raised $20 million co-led by Peak XV Partners and Elevation Capital.
- **2024**: Global Expansion — Expanded operations into the UAE, US, UK, and Australia.
- **2021**: Company Founded — Mohak Nahta launches Atlys; raises seed funding from Andreessen Horowitz.

## Recent coverage (3 stories)

### Elevation Capital bets $500M on India's AI app layer, dismissing global lag claims
2026-07-24 01:38:26 · Sentiment: Positive · Impact: 7/10 · Sources: 2

Elevation Capital's $500 million ninth fund exclusively targets AI startups at the application layer, challenging the narrative that India is behind in AI. The partners emphasize undersupplied expertise and a billion-user market, framing India as a soon-to-be AI powerhouse.
Full story: https://getaibrief.com/story/elevation-500m-ai-app-layer-india

### Elevation Capital’s $500M AI bet: Fund IX targets India’s next AI giants
2026-07-15 01:10:24 · Sentiment: Positive · Impact: 7/10 · Sources: 2

With a $500 million early-stage fund, Elevation Capital is betting that AI will spawn the next generation of India’s tech unicorns and decacorns. The firm’s sector-agnostic but AI-conviction strategy signals a major shift in VC focus toward deep-tech and AI-native startups.
Full story: https://getaibrief.com/story/elevation-capital-fund-ix-ai-focus

### Atlys Secures $36M Series C to Scale AI-Driven Visa Infrastructure
2026-03-17 00:29:16 · Sentiment: Positive · Impact: 7/10 · Sources: 4

Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia VC to accelerate its AI-native visa processing platform. The capital will fuel international expansion and the development of automated document verification and eligibility assessment tools.
Full story: https://getaibrief.com/story/atlys-raises-36m-series-c-ai-visa-processing

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