The successive Indian entrepreneur, Bhavin Turakhia, is in the process of placing personal funds on enterprise-level AI office software. He said to TechCrunch that he had invested $30 million to start a new company, Neo, to judge that the changes brought about by the generation of AI were enough to push office software from the bottom, rather than superimpose chat robots on old products.
Neo consolidates document and project collaboration
Neo went online in April of this year and was positioned as a business platform. The product places project management, documentation, file storage and AI functions in the same system. The idea for Turakhia is to get AI directly involved in the day-to-day work process, not as an independent assistant to an additional employee.
In his view, many of the existing office software was born before the emergence of the generated AI, and the subsequent addition of the AI functionality would face structural limitations. Neo is therefore designed from the outset using an AI-based scenario and does not follow a model-based strategy, whereby an enterprise can switch between different models without binding a single supplier.
3 months to complete the first edition
Turakhia states that the first version of Neo was completed in three months and was developed using AI extensively. The same work may require a larger engineering team and take more than a year before generating AI universal.
Currently, the product had been used within several companies under his umbrella, including the bank software company Zeta. Neo plans to gradually open up to medium-sized enterprises in the coming months, with the first target clients being mainly knowledge workers in science and technology, consultancy and professional services.
- Internal go-live: April 2026
- Current team size: approximately 18 projects Division
- Target at end of year: approximately 45
Aim at crowded company AI track.
This personal investment entered one of the most competitive AI tracks. Microsoft, Google and Salesforce are embedding AI deep in their respective office software systems, and OpenAI, Anthropic, and Notion, Superhuman are competing for entry points for business work.
Turakhia is not a few who chose to start AI projects with their own funds first. According to the report, the investor Chamath Palihapitiya had previously started the Enterprise AI programming project with personal capital, 8090, which had just been financed by $135 million this week.
At the age of 46, Turakhia has been involved in the establishment of Directi, Radix, Titan and Zeta for over 20 years, supporting business development with more personal funds and reinvesting in external investment. This practice is also being followed by Neo.