AI solutions provider ParallelDots raises $1.4 million

Gurugram-based artificial intelligence (AI) and deep learning solutions provider ParallelDots has raised $1.4 million in an additional funding round from US-based investment firm Multipoint Capital. Last year, Multipoint Capital invested $600,000 in the startup in a seed round. Founded in 2014, the startup provides AI consulting services to developers, startups, and enterprises.