volveX accelerator, a startup accelerator spearheaded by a global community of successful founders & strategic angels We Founder Circle (WFC), has announced its recent investment in Metabook XR. It is one of the standout startups from EvolveX’s Cohort 2 launched in September 2022. With a mission to make learning joyful, Metabook XR brings immersive and … Read more
Bengaluru-based B2B analytics software startup Factors.ai has successfully raised $3.6 million in a pre-Series A funding round. The funding was led by Stellaris Venture Partners, with participation from Elevation Capital, Emergent Ventures, and notable angel investors such as Kris Rudeegraap of Sendoso, Sreedhar Peddineni of GTM Buddy, and Khadim Batti of Whatfix. The recently secured … Read more
Honeywell (Nasdaq: HON) today announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs. The OT cybersecurity industry … Read more
OneStack, a prominent technology company dedicated to empowering cooperative banks and credit societies in India, has successfully raised $2 million in its latest funding round. This substantial investment will fuel the company’s growth, facilitate team expansion, drive innovation, and establish nationwide offices, propelling it to unparalleled success. With the infusion of this new funding, OneStack … Read more
Chennai-headquartered global technology company, Zoho announced a strategic partnership with PwC India. This alliance brings together Zoho’s product portfolio of over 55 products with PwC’s proven expertise in driving digital transformation strategy through advisory and consulting services. Through this partnership, PwC India and Zoho will help medium to large enterprises in the country, accelerate their … Read more
Amazon Web Services (AWS), an Amazon.com company, today announced that Dr. Reddy’s Laboratories Limited (Dr. Reddy’s), an Indian multinational pharmaceutical company based in Hyderabad, has selected AWS as its preferred cloud provider to help provide access to affordable and innovative medicines. As part of the collaboration, the company has migrated it’s SAP platform entirely on … Read more
Boeing and Air India today announced they have finalized an order for up to 290 new Boeing jets and expanded services. At the 2023 Paris Air Show, the companies held a signing ceremony to celebrate the historic purchase of Boeing’s market-leading single-aisle and widebody jets to renew and expand Air India’s fleet. The order, which … Read more
Adani Digital Labs, a subsidiary of Adani Enterprises Limited (AEL), has agreed to acquire Trainman, an online train booking and information platform, for an undisclosed sum. AEL disclosed in a regulatory filing that its subsidiary, Adani Digital Labs Private Limited, has signed a share purchase agreement to acquire 100% stake in Stark Enterprises Private Limited … Read more
Tricog, a leading AI firm specializing in heart health, has raised $8.5 million in a Series B2 funding round led by OMRON HEALTHCARE and Sony Innovation Fund, both based in Japan. Existing investors UTEC – The University of Tokyo Edge Capital, Inventus Partners LLP, and SG Innovate also participated in the funding round. This brings … Read more
peAR, one of the first startups in Asia-Pacific to make an augmented-reality based in-restaurant ordering app, has raised Rs 4.2 crore in a Pre-series A led by 1crowd and Chennai Angels and co-Led by Inflection Point Ventures (IPV). The funds raised will be utilized to scale the company’s current suite of solutions across geographies and … Read more
With participation from Equianimity Investments, family offices, and high-net-worth investors, Bengaluru-based Optimized Electrotech has raised Rs 20 crore in a pre-Series B round led by Rajiv Dadlani Group. GVFL, Dholakia Ventures, and Venture Catalysts all participated in the financing. Optimized Electrotech received $1.8 million in a pre-Series A financing from Venture Catalysts in April 2021. … Read more
LS Devices Pvt. Ltd.’s LifeSigns iMS, a health tech firm based in Chennai, has raised an undisclosed sum in a pre-Series A fundraising round to build a digital wireless patient monitoring solution platform for ambulatory, inpatient, and home care settings. A well-known pathologist from Chennai with more than 40 years of experience, Dr. SP Ganesan, … Read more
Xceedance, a global provider of virtual transformation answers, technology, and analytical services to the insurance enterprise, these days introduced a series A fairness investment in Vitraya technology, an India-based totally technology platform that permits computerized claims decision-making for insurers and real-time payouts to vendors. Xceedance, together with a consortium of traders, invested a total of … Read more
Kolkata-based legal tech firm Fightright announced the opening of a fund with Rs 100 crore in claims under management. Fightright uses AI and ML-backed analytics to fund commercial litigations. The fund, a special purpose company, will invest over a two to three year period in 15-20 commercial cases with an average ticket value of Rs … Read more
Simple Viral Games, also known as SVG, a platform for ultra-casual mobile gaming, revealed today that it had raised Rs 4 Cr (about $500,000) in a pre-seed round headed by WEH Ventures. Eximius Ventures, PointOne Capital, Force Ventures, and a few angel investors, including Ankit Agrawal (Founder and CEO of InsuranceDekho), Prashant Sachan, also participated … Read more
Subtl.ai secures angel funding from two modern Indian investors: Vamshi Raju and Mohit Gulati (ITI Growth Opportunities Fund) (Edha Investments, Shreyas Media). They have developed a system that can rapidly respond to any queries from papers, webpages, videos, and knowledge bases by understanding knowledge sources at scale. Built in collaboration with IIIT Hyderabad research, Subtl.ai … Read more
