Indian serial entrepreneur Bhavin Turakhia is self-funding a $30 million bet on Neo, a new enterprise work platform combining project management, documents, file storage and AI into a single product. Turakhia, who has previously co-founded companies including Directi, Radix, Titan and banking software firm Zeta, said he is personally financing Neo based on his belief that AI represents a shift significant enough to require rebuilding workplace software entirely rather than adding AI features to older systems.
Launched internally in April, Neo is designed to be model-agnostic, allowing enterprises to switch between AI providers rather than rely on a single one. Turakhia argued that most existing workplace software faces structural limitations when retrofitted with AI, and that Neo’s ground-up design avoids that constraint. He noted that investor Chamath Palihapitiyatook a similar self-funded approach with enterprise AI coding venture 8090 before raising outside capital.
Turakhia acknowledged the competitive intensity of the enterprise AI market, with Microsoft, Google, Salesforce and companies including Anthropic, OpenAI, Notion and Superhuman all pursuing similar workplace AI ambitions, but said enterprise software has historically supported multiple successful players rather than a single winner.
Neo has been used internally across Turakhia’s companies, including Zeta, and plans to expand to mid-sized businesses in technology, consulting and professional services. The Bengaluru-based startup currently employs about 45 people and expects to grow to roughly 100 by year-end.
