Atlys Secures $36M Series C to Scale AI-Driven Visa Infrastructure
Key Takeaways
- 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.
Mentioned
Key Intelligence
Key Facts
- 1Atlys raised $36 million in Series C funding led by Susquehanna Asia VC
- 2The company recorded 11x growth since its Series B round in 2024
- 3Current annual visa processing run rate has surpassed 700,000 applications
- 4International markets like the US, UK, and UAE now contribute 50% of revenue
- 5MakeMyTrip joined the cap table as a new strategic investor
- 6Global international travel arrivals reached 1.52 billion in 2025, up 4% year-over-year
Who's Affected
Analysis
The $36 million Series C funding round for Atlys, led by Susquehanna Asia VC, marks a significant milestone in the digital transformation of global mobility. By securing investment from both venture capital heavyweights and strategic industry players like MakeMyTrip, Atlys is positioning itself as the primary AI-native infrastructure for cross-border travel. This capital infusion comes at a critical juncture as global international arrivals reached 1.52 billion in 2025, finally exceeding pre-pandemic highs and signaling a robust return to long-term growth trends in the travel sector.
At the heart of Atlys's value proposition is its aggressive AI roadmap, which aims to replace the historically manual, opaque, and fragmented visa application process with a streamlined digital workflow. The company is leveraging artificial intelligence to automate complex tasks such as document verification, eligibility assessment, and real-time traveler support. This technical approach does more than just speed up applications; it builds what Susquehanna Asia VC describes as a 'data layer' around traveler identity. This layer could eventually serve as foundational infrastructure for global mobility, making the visa—often the most significant barrier to international travel—more predictable and transparent.
The $36 million Series C funding round for Atlys, led by Susquehanna Asia VC, marks a significant milestone in the digital transformation of global mobility.
The startup's growth trajectory is a testament to the demand for such automation. Since its Series B round in 2024, Atlys has recorded an 11x growth rate and is currently operating at an annual run rate of over 700,000 visa applications. Perhaps more importantly, the company has successfully diversified its geographic footprint. While it began with a strong focus on the Indian market, international regions including the US, UK, UAE, and Australia now account for nearly half of its total business. This global expansion demonstrates that the friction in visa processing is a universal pain point, not one limited to specific emerging markets.
What to Watch
The participation of MakeMyTrip as a new investor is particularly strategic. As India’s leading online travel agency, MakeMyTrip’s involvement suggests a deepening integration between travel booking platforms and visa processing services. For travelers, the ideal experience is a 'one-click' journey from booking a flight to securing a visa. By embedding Atlys’s AI-driven processing into broader travel ecosystems, the company can capture users at the very start of their travel planning cycle. This integration also provides Atlys with a massive distribution channel and a wealth of data to further refine its machine learning models for eligibility and risk assessment.
Looking forward, Atlys’s mission to ensure that 'passport strength should never determine someone’s ability to travel' reflects a broader trend toward the democratization of global access. As the company deploys its new capital to enter more international markets, the focus will likely shift toward deeper regulatory integrations. By building direct digital bridges with government immigration departments, Atlys could move from being a third-party facilitator to a core component of the international travel regulatory stack. For the AI and machine learning industry, Atlys serves as a prime example of how specialized, domain-specific AI can disrupt legacy administrative sectors that have long resisted digitization.
Timeline
Timeline
Company Founded
Mohak Nahta launches Atlys; raises seed funding from Andreessen Horowitz.
Series B Funding
Raised $20 million co-led by Peak XV Partners and Elevation Capital.
Global Expansion
Expanded operations into the UAE, US, UK, and Australia.
Series C Funding
Secured $36 million led by Susquehanna Asia VC to accelerate AI roadmap.