Entreprenuernewsnetwork

Facebook Twitter Instagram Linkedin
Menu
Menu
Menu

TECHNOLOGY

Raphe mPhibr Raises Record $100 Million in Series B Funding to Scale India’s Aerospace and Drone Manufacturing Capabilities

by
Raphe mPhibr

Raphe mPhibr, a leading aerospace and defence-tech startup based in Noida, has raised $100 million in an all-equity Series B round, setting a record for the largest private funding in India’s drone and aerospace manufacturing sector. The round was led by General Catalyst, with participation from Amal Parikh, Think Investments, and several high-net-worth individuals (HNIs). … Read more

SportsVisio Raises $3.2 Million to Expand AI-Powered Sports Analytics Platform

by

SportsVisio, a fast-growing sports technology company, has secured $3.2 million in fresh funding to advance its mission of bringing professional-grade AI-driven sports tools to athletes, coaches, and fans worldwide. With this latest round, SportsVisio’s total funding now stands at $9 million. The funding round saw participation from existing investors Sapphire Sport, Hyperplane, and Sovereign’s Capital, … Read more

Phot.AI Secures $2.7M in Seed Funding to Revolutionize AI-Driven Creative Automation

by

Phot.AI, an AI-driven creative automation platform, has raised $2.7 million in seed funding to transform the way e-commerce brands, advertisers, and marketplaces create and optimize visual content. The funding round was led by Info Edge Ventures, with participation from Together Fund, AC Ventures, and over 50 angel investors. Founded in 2023 by Venus Dhuria, Aneesh … Read more

Digital Edge Secures $1.6 Billion in Funding to Propel Data Center Growth in Asia

by

Digital Edge (Singapore) Holdings Pte Ltd., a prominent developer and operator of interconnection and hyperscale edge data centers in Asia, has raised over $1.6 billion through a combination of equity and debt financing. Backed by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, this funding underscores Digital Edge’s ambition to meet … Read more

Confido Health Secures $3 Million Seed Funding to Revolutionize Healthcare Operations with AI

by

Confido Health, a pioneering healthcare technology startup, has raised $3 million in a seed funding round led by Together Fund, with participation from MedMountain Ventures, Rebellion VC, and other notable investors. This funding underscores the growing interest in leveraging AI-powered solutions to tackle critical staffing and operational challenges in specialty healthcare practices. Revolutionizing Healthcare Operations … Read more

Bit Digital Acquires Real Estate for 5MW Tier-3 Data Center Expansion

by

New York-based Bit Digital, Inc. (Nasdaq: BTBT), a global leader in high-performance computing (HPC) infrastructure and digital asset production, has announced the acquisition of real estate for a 5MW Tier-3 data center expansion project in Pointe-Claire, Montreal. This strategic move aligns with the company’s ambitious plan to expand its data center footprint to 32MW by … Read more

Mindgrove Technologies Secures $8 Million Series A Funding to Advance Semiconductor Innovation

by
Sharan Srinivas J (CTO) and Shashwath TR (CEO), Mindgrove Technologies

Mindgrove Technologies, a Chennai-based fabless semiconductor design startup, has announced raising $8 million in its Series A funding round. The round was co-led by Rocketship.vc and Speciale Invest, with participation from Mela Ventures, Peak XV Partners, Nishchay Goel, Whiteboard Capital, and new investor Anshul Goel. Expanding Horizons with Fresh Capital The funds will be utilized … Read more

Schneider Electric India Pvt Ltd Honored as 2024 Indian Company of the Year by Frost & Sullivan

by
Schneider Electric

Schneider Electric India Pvt Ltd (SEIPL), the Indian arm of the global leader in energy management and automation, Schneider Electric, has been awarded the prestigious 2024 Indian Company of the Year Award by Frost & Sullivan. This recognition highlights Schneider Electric India’s outstanding contributions to the country’s metering industry, cementing its reputation as a pioneer … Read more

Edtech Unicorn PhysicsWallah Prepares for IPO, Becomes Public Company

by

PhysicsWallah (PW), the prominent edtech platform, has officially transitioned into a public company as it gears up for its highly anticipated Initial Public Offering (IPO) in 2025. The company’s board approved a resolution earlier this month to rename the organization from PhysicsWallah Private Limited to PhysicsWallah Limited, signaling its readiness for public listing. In a … Read more

Fitsol Secures $1 Million Seed Funding from Transition VC to Revolutionize Decarbonization in Manufacturing

by

Fitsol, a pioneering decarbonization platform for the manufacturing industry, has raised USD 1 million in seed funding led by Transition VC. Founded in 2022 by Anand Pathak, Akshay Tandon, Manoj Sharma, Sunil Bansal, and Vikas Kalra, Fitsol is committed to enabling manufacturers to measure, report, and actively reduce carbon emissions through its innovative AI-driven platform, … Read more

Sustain Labs Paris Launches SLP Climate Tech Startup Sprint to Drive Climate Innovation

by

Sustain Labs Paris (SLP), a global sustainability consultancy, has announced the launch of the SLP Climate Tech Startup Sprint, an innovative initiative aimed at accelerating the growth of climate-tech startups. This program underscores SLP’s commitment to fostering innovation and driving sustainable solutions to tackle pressing global climate challenges. Empowering Climate-Tech Startups The SLP Climate Tech … Read more

Nodwin Gaming Expands Influence with Trinity Gaming Acquisition for ₹24 Crore ($2.8 Million)

by

Nodwin Gaming, a leading player in the Indian esports scene and a subsidiary of Nazara Technologies, has acquired Trinity Gaming in a landmark deal valued at ₹24 crore ($2.8 million). This strategic move solidifies Nodwin’s presence in India’s gaming and content ecosystem, as Trinity Gaming now becomes a fully-owned subsidiary of Nodwin Gaming. Deal Structure … Read more

Flipkart Co-founder Binny Bansal Steps Down from PhonePe Board, Manish Sabharwal Joins as Independent Director

by

In a significant leadership shift, Flipkart co-founder Binny Bansal has stepped down from the PhonePe board, according to recent media reports. Following Bansal’s resignation, Manish Sabharwal, Vice-Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the company’s Audit Committee. Strengthening Financial Governance and Strategic Oversight Manish Sabharwal’s appointment is set … Read more

Siemens Plans to Cut 5,000 Jobs in Factory Automation Amid Ongoing Economic Challenges

by

Siemens, a global leader in industrial automation, is considering significant workforce reductions as it grapples with financial and macroeconomic headwinds. According to reports from Reuters, the company may cut up to 5,000 jobs in its factory automation division, a move prompted by ongoing struggles within the sector. CEO Roland Busch revealed these potential cuts in … Read more

Nvidia Lowers AI Chip Prices in China Amid Huawei Competition

by

Nvidia has reduced prices for its AI chips in China due to oversupply, resulting in them being priced lower than similar chips from Huawei, according to sources. This development highlights Nvidia’s struggles in China amid U.S. sanctions and growing competition, affecting a market that contributed 17% to its revenue in fiscal 2024. Last year, Nvidia … Read more

Schneider Electric Collaborates with NVIDIA on Designs for AI Data Centers

by
Schneider Electric

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the … Read more