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 (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, 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
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, 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 (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
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, 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 (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, 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
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, 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 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, 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
Honeywell announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help … Read more
Onsurity, a trailblazing provider of monthly subscription-based employee healthcare benefits geared towards SMEs in India, has successfully secured $24 million in Series B funding. This substantial investment round is spearheaded by the International Finance Corporation (IFC), the world’s largest global development institution. Notably, existing investors, Nexus Venture Partners, and Quona Capital, have also enthusiastically participated … Read more
