On January 6, 2025, venture capital firm Accel announced the successful closure of its eighth early-stage fund in India, raising an impressive $650 million (approximately Rs 5,500 crore). This new fund will be directed towards investing in innovative and category-defining businesses, with a focus on sectors such as Artificial Intelligence (AI), consumer products, fintech, and … Read more
Boeing, a global leader in aerospace and defense, has announced the appointment of Dana Deasy as its new Chief Information Digital Officer (CIDO) and Senior Vice President (SVP) – Information Technology & Data Analytics, effective December 31, 2024. In this pivotal role, Deasy will oversee Boeing’s information technology, information security, and data & analytics operations, … Read more
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, 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, 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
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
Ascendion, a leading provider of software engineering services, announces today the acquisition of Nitor Infotech, a software product engineering company that leverages disruptive technologies like Generative AI to build new products for clients. The acquisition is a step in Ascendion’s growth strategy to enhance competencies, expand into new markets, and offer a broader range of … Read more
