Clarence and Partners advised MyriadAI Technologies Private Limited, a conversational AI startup focused on the BFSI and retail sectors, on its USD 2 million fundraise from multiple investors, including IIM Kozhikode.
The transaction, completed in May 2025, reflects growing investor interest in domain-specific generative AI platforms and marks a significant milestone for MyriadAI’s expansion plans. The Firm acted as legal counsel to MyriadAI, leading the negotiation and execution of the definitive agreements and advising on the deal.
The transaction involved a multi-investor structure with distinct negotiation dynamics and complex considerations around data ownership, IP licensing, and compliance under evolving legal frameworks like India’s DPDP Act.
The matter was led by Clarence Anthony (Founding Partner), with Neha Thakur (Associate Partner). Clarence and Partners, founded by Clarence Anthony, includes Varnika Sharma (Partner), Neha Thakur (Associate Partner), and Varun Kumar (Associate Partner), forming a core team with deep expertise in venture and AI-driven technology transactions.
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