Entrepreneur News Network

Physical AI Startup Mowito Raises $3 Million in Pre-Seed Funding to Expand AI-Powered Industrial Robotics

Mowito Founder

Bengaluru: Physical AI startup Mowito has secured $3 million in a pre-seed funding round to expand its AI-powered industrial robotics platform and strengthen its global presence. The investment round was led by Version One Ventures, with participation from All In Capital, Unisol, iSeed, and a group of prominent angel investors. The angel investors include Soumith … Read more

EXL to Acquire iMerit in $310 Million Deal

EXL to acquire iMerit Technology

Artificial intelligence is rapidly moving from experimentation to enterprise-wide deployment, and organizations are increasingly seeking partners capable of building trustworthy, domain-specific AI solutions. In one of the biggest AI-focused acquisitions of the year, EXL (NASDAQ: EXLS) has announced a definitive agreement to acquire AI model training and reinforcement learning specialist iMerit in a transaction valued … Read more

Industrial Robotics Company Ati Motors Secures US$10.85 Million in Series A Funding

New investor Athera Venture Partners and existing investors Blume Ventures, Exfinity Venture Partners, and MFV Partners also participate BENGALURU, India and DETROIT, July 21, 2023 /PRNewswire/ — Ati Motors, maker of autonomous industrial robots, today announced the close of its Series A funding round in the amount of US$10.85 million. The investment, occurring alongside the company’s product … Read more