Atlys Secures $36M Series C to Scale AI-Driven Global Visa Infrastructure
Key Takeaways
- Atlys has raised $36 million in Series C funding led by Susquehanna Asia VC to accelerate its AI-driven visa processing platform.
- The startup has recorded 11x growth since 2024 and is now processing over 700,000 visas annually across 120+ destinations.
Mentioned
Key Intelligence
Key Facts
- 1Atlys raised $36M in Series C funding led by Susquehanna Asia VC.
- 2The company recorded 11x growth in processed visas since its 2024 Series B round.
- 3Current annual run rate exceeds 700,000 visa applications globally.
- 4International markets including the US, UK, UAE, and Australia now account for 50% of revenue.
- 5MakeMyTrip joined the cap table as a new strategic investor in this round.
- 6The platform supports visa processing for over 120 destinations worldwide.
| Metric | ||
|---|---|---|
| Annual Visa Run Rate | ~60,000 (est) | 700,000+ |
| Market Reach | Primarily India | Global (US, UK, UAE, AU) |
| International Revenue % | Low | ~50% |
| Destinations Supported | Selected corridors | 120+ |
Analysis
The visa processing landscape is undergoing a radical transformation as Atlys, a Bengaluru-founded startup, secures $36 million in Series C funding to digitize what has historically been one of the most friction-heavy segments of international travel. Led by Susquehanna Asia VC, the round marks a significant milestone for the company, which has managed to scale its operations 11-fold since its Series B in 2024. This capital injection comes at a pivotal moment for the global travel industry, which saw international arrivals surge to 1.52 billion in 2025, finally surpassing pre-pandemic highs. Atlys is positioning itself not just as a service provider, but as a foundational layer for global mobility, leveraging artificial intelligence to automate the complex web of document verification and eligibility checks that define the visa lifecycle.
The participation of existing heavyweights like Elevation Capital, Long Journey Ventures, and Peak XV Partners underscores a strong conviction in Atlys's product-market fit. Perhaps more strategically significant is the addition of MakeMyTrip to the cap table. As India’s dominant online travel platform, MakeMyTrip’s involvement suggests a deepening integration between travel booking and visa fulfillment, potentially creating a seamless end-to-end experience for millions of outbound travelers. This synergy is particularly relevant as rising middle-class incomes in emerging markets drive a historic surge in cross-border experiences, making the visa gate the primary bottleneck for global exploration.
The participation of existing heavyweights like Elevation Capital, Long Journey Ventures, and Peak XV Partners underscores a strong conviction in Atlys's product-market fit.
Atlys’s growth trajectory is a testament to its successful pivot from a regional player to a global platform. While founded in 2021 with a focus on the Indian market, the company has aggressively expanded its footprint into the United Arab Emirates, the United States, the United Kingdom, and Australia. These international markets now collectively account for nearly half of the company's total business, demonstrating the universal demand for a digital-first visa solution. The startup is currently operating at an annual run rate of over 700,000 visa applications, a volume that provides a rich data layer for its AI models. By automating the opaque and unpredictable workflows identified by Susquehanna’s Sai Araveti, Atlys is moving toward a future where passport strength no longer dictates a traveler's ability to explore the world.
What to Watch
The deployment of the new capital will focus heavily on accelerating the company’s AI roadmap. This involves more than just simple form automation; Atlys is building sophisticated systems for real-time document verification and predictive eligibility assessments. For travelers, this means higher approval rates and more transparent timelines. For the broader industry, it represents the creation of a digital identity infrastructure that could eventually streamline other aspects of cross-border movement, from health certifications to financial verification. As the company expands into new international territories, its ability to maintain regulatory compliance across 120+ destinations while scaling its AI-native infrastructure will be the key metric for its future prospects.
Looking ahead, the success of Atlys will likely catalyze further investment in the travel-tech infrastructure space. While consumer-facing booking platforms have been digitized for decades, the back-end regulatory and identity layers have remained stubbornly manual. Atlys’s 11x growth since 2024 proves that there is massive latent demand for a technology-first approach to global mobility. As the company consolidates its leadership in existing markets and enters new ones, the focus will shift toward how its data layer around traveler identity can be leveraged for broader fintech or security applications in the travel ecosystem.
Timeline
Timeline
Company Founded
Mohak Nahta launches Atlys; secures seed funding from Andreessen Horowitz.
Series B Funding
Raised $20M co-led by Peak XV and Elevation Capital to fuel initial expansion.
Global Expansion
Entered US, UK, UAE, and Australia markets, diversifying beyond India.
Series C Round
Secured $36M led by Susquehanna Asia VC to scale AI and international footprint.