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ServiceNow Beats Q2 Expectations as AI Business Crosses US$1 Billion Annual Contract Value

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Servicenow

ServiceNow has reported stronger-than-expected financial results for the second quarter of fiscal 2026, exceeding the high end of its guidance across revenue and profitability while raising its full-year subscription revenue outlook. The enterprise software company reported subscription revenue of US$3.877 billion for the quarter ended June 30, 2026, representing 24.5% year-over-year growth. Total revenue reached … Read more

MGX, AIP and BlackRock’s GIP Complete $40 Billion Acquisition of Aligned Data Centers

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Data Center

In one of the largest private investments in digital infrastructure to date, MGX, the Artificial Intelligence Infrastructure Partnership (AIP), and BlackRock’s Global Infrastructure Partners (GIP) have completed the acquisition of 100% equity in Aligned Data Centers from infrastructure funds managed by Macquarie Asset Management and its co-investment partners. The transaction values Aligned Data Centers at … Read more

Anant Raj to Demerge Data Centre Business into Separate Listed Entity to Accelerate Digital Infrastructure Growth

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Data Center

Anant Raj Ltd has announced plans to separate its rapidly growing data centre and cloud services business into a dedicated listed entity, marking a strategic move to unlock value and accelerate growth across both its digital infrastructure and real estate businesses. The company’s Board of Directors has approved a composite scheme of arrangement that will … Read more

HCLTech expands India footprint with Global Technology Center in GIFT City

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HCLTech

Ahmedabad: HCLTech, one of the world’s leading technology companies, has inaugurated its Global Technology Center in GIFT City, Gujarat, marking a significant expansion of its artificial intelligence (AI) and digital engineering capabilities in India. The new center will develop AI-led solutions for global financial services clients while serving as a hub for technology innovation, research, … Read more

Uttar Pradesh to Develop India’s Largest Robotics & AI Manufacturing Hub in Noida

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Yogi Adityanath

Lucknow: The Uttar Pradesh Government is preparing a major push into artificial intelligence (AI), robotics, quantum computing, semiconductor design, and other frontier technologies with plans to establish India’s largest integrated robotics and advanced manufacturing hub in Noida. The ambitious initiative forms part of the state’s broader strategy to position Uttar Pradesh as a national leader … Read more

TCS Expands 20-Year Partnership with ABB to Deliver AI-Powered Global Network Operations

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TCS

Mumbai/Zurich: Tata Consultancy Services (TCS), a global IT services, consulting, and business solutions company, has announced an expanded strategic partnership with global electrification and automation leader ABB to modernize the company’s worldwide network operations. The multi-million, multi-year engagement marks the next phase of a collaboration spanning more than two decades. Under the new agreement, TCS … Read more

Google Offers AI-Focused Voluntary Exit Program: Is Big Tech Entering an Era of AI-Driven Restructuring?

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Google

Imagine working at Google, one of the most powerful tech companies in the world and receiving an internal memo stating that while 2025 has been successful, the pace of change is about to accelerate dramatically. The message is clear: the future is AI, and everyone must be fully aligned. If not, there’s a voluntary exit … Read more

Nirvana Insurance Secures $80M Series C to Revolutionize AI-Driven Commercial Trucking Insurance

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Nirvana Insurance

Nirvana Insurance, a leading AI-powered commercial trucking insurer, has raised $80 million in Series C funding, pushing its valuation to nearly $850 million. The funding round, led by General Catalyst, with continued support from Lightspeed Venture Partners and Valor Equity Partners, will drive Nirvana’s technological expansion and market growth in the fleet insurance sector. The … Read more

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

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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

Shield AI Secures $240M in Strategic Funding, Valuation Soars to $5.3B

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shield AI

Shield AI, a leading deep-tech company specializing in autonomy software and defense aircraft, has successfully raised $240 million in an F-1 strategic funding round, pushing its valuation to $5.3 billion. The funding round saw major participation from L3Harris (NYSE: LHX) and Hanwha Aerospace (KRX: 012450), alongside existing investors such as Andreessen Horowitz, U.S. Innovative Technology, … Read more

Microsoft’s $3 Billion Commitment to Transforming India’s AI and Cloud Landscape

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Microsoft chairman and CEO, Satya Nadella

In a significant boost to India’s AI and cloud ecosystem, Microsoft Chairman and CEO Satya Nadella announced a $3 billion investment during his visit to the country. This initiative, planned over the next two years, includes developing advanced AI infrastructure, establishing new datacenters, and skilling millions of Indians in AI technologies. This investment aligns with … Read more

Elon Musk’s xAI Raises $6 Billion to Compete in the AI Market

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Elon Musk’s artificial intelligence startup, xAI, has successfully raised $6 billion in its latest funding round, cementing its position as one of the world’s most valuable AI companies with an estimated valuation of $50 billion. This development comes as xAI intensifies its competition against industry leaders like OpenAI, which is valued at $157 billion. Key … Read more

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

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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

Evinced Secures $55M in Series C Funding to Revolutionize Digital Accessibility with AI-Powered Solutions

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Evinced, the leading software company driving accessible web and mobile development, has announced a successful $55 million Series C funding round, bringing its total funding to $112 million. The round was led by Insight Partners, with participation from existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures, and Engineering Capital. Additionally, Evinced welcomed Vertex … Read more

Lightning AI Secures $50 Million Investment to Revolutionize AI Development

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Lightning AI, creator of the popular PyTorch Lightning framework, has announced a $50 million equity investment from industry giants including Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA. This brings the company’s total funding to an impressive $103 million. Rapid Growth and Adoption Since its launch just 12 months ago, Lightning AI has achieved remarkable … Read more

Popcorn AI Secures $500,000 to Define Next-Generation Conversational Commerce

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Popcorn AI, the future of conversational commerce, today announced its $500,000 pre-seed funding round, with participation from Spring Studio’s fund, backed by Salica Investments and Al Waha Fund of Funds, and strategic angel investors from across the Kingdom of Saudi Arabia. This investment marks a significant milestone in transforming how businesses connect, engage, and transact with their customers … Read more

Salesforce Launches AI Pitchfield To Fuel AI-Led Innovation Among Startups

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Salesforce, announced the inaugural edition of AI Pitchfield, the first-ever startup pitch competition by the Salesforce Startup Community in collaboration with Salesforce Ventures, Lightspeed India and Khaitan & Co. The competition will bring together B2B SaaS, AI-first, and AI-focused startups in India and across Southeast Asia offering them a chance to put their best pitch forward … Read more

Neysa Secures $30 Million in Series A Funding to Accelerate AI Innovation

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Neysa, a pioneering AI Acceleration Cloud System provider, has successfully raised $30 million in Series A funding, co-led by existing investors NTTVC, Z47 (formerly Matrix Partners India), and Nexus Venture Partners. This latest investment follows Neysa’s earlier $20 million seed round this year, showcasing strong investor confidence in its mission to accelerate generative AI innovation … Read more

Assert AI Secures Series A Funding of USD 4 Mn Eyes Global Expansion and Innovation

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Assert AI, India’s largest Computer Vision SAAS company, announces the successful closure of its Series A funding round, raising a total of 30 Crores (USD 4 Million). This significant investment, led by prominent investors including Ramesh Hariharan (ex-CTO and Co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (India’s largest integrated … Read more

Schneider Electric Collaborates with NVIDIA on Designs for AI Data Centers

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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