Pearl Kapur, founder of Zyber 365, claimed his Web 3.0 AI startup raised $100 million, reaching unicorn status with a $1.2 billion valuation.
However, the supposed funding from SRAM & MRAM Group and another investment in SpiceXpress have yet to materialize. Kapur’s co-founder, Sunny Vaghela, resigned due to unfulfilled promises and product delays. Zyber 365, founded in 2023, has no financial records filed and its operations remain unclear.