Jupitis raises $4 million in pre-Series A round from Dubai-based Almas Capital

Founded by Raman Agarwal, Jupitis has designed and developed a next generation justice technology platform powered by AI/ML and Blockchain.

The Chandigarh-based company has raised funds within a few months of its launch. The money raised will be used for product development and global marketing. Almas Capital, also known as Almascaps, manages its fund management company — Almas Global Opportunity Fund — in the Cayman Islands.

“The way Jupitis is working towards its vision – justice for all at their doorstep by using technology – is commendable. Undoubtedly, it is a fantastic company with extraordinary people behind it. We are very proud of this investment. We are positive as it is not about a few people or a team, but about the entire machinery,” said Amardeep Sharma, Managing Director, Almas Capital.

Almascaps raises capital for companies in the United Arab Emirates. It has clients in industries such as real estate, precious metals, renewable energy, shipping and manufacturing. The company has capital raising mandates in Africa, India and the Middle East. Almascaps offers funding in a range of sectors to obtain the necessary exposure to mining and other sectors including retail, entertainment, banking and finance.

“Developing a workflow especially for the justice sector, which is quite dynamic, not only digitizes paper-based processes, but transforms processes for a digital environment that creates new capabilities , which were not conceivable earlier in the traditional justice system,” said Raman Agarwal, founder of Jupiters.