Bengaluru-based AI startup Metaforms has raised $9 million in a Series A funding round, led by Peak XV Partners, with participation from Nexus Venture Partners and Together Fund.
Founded in 2022 by Akshat Tyagi and Arjun S, Metaforms develops AI agents that automate key workflows for market research agencies, helping them scale operations and significantly improve turnaround times. The company’s platform currently automates tasks such as survey programming, data processing, and vendor coordination.
The newly raised funds will be deployed to triple Metaforms’ engineering and AI research team in Bengaluru, expand into report generation and voice-based research, and enhance integrations with industry-standard research tools like Decipher, SPSS, and Confirmit.
“When research agencies grow, better business decisions get made,” said Akshat Tyagi, co-founder and CEO of Metaforms. “We’re not here to replace the humans in the loop. We’re here to give them leverage.”
Since its commercial launch, Metaforms claims to have onboarded four of the top 20 global research agencies, including Strat7, and currently processes over 1,000 surveys per month. The company is targeting an annual volume of over 100,000 surveys in the long run.
The funding round marks a significant step forward in Metaforms’ mission to become the AI backbone of modern market research operations globally.
