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Computer vision SAAS startup Assert AI raises $4 Mn

EntrackrEntrackr · 1y ago
Computer vision SAAS startup Assert AI raises $4 Mn
Medial

Assert AI, a computer vision SAAS company, has raised Rs 30 crore ($4 million) in a funding round led by prominent investors including Ramesh Hariharan (ex-CTO and co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (integrated grain commerce platform), and select individuals. The company plans to utilise the funds to bolster its presence in essential markets, enhance research and development efforts, and continue pioneering new advancements in computer vision technology, Assert AI said in a press release. Assert AI has operations in India, the US and the Middle East. Assert AI empowers computers with a pair of eyes that never sleep and a program to process the visual inputs and identify and process things simulating a human vision, sans human error. It helps businesses and organizations automate processes, improve customer experiences, and gain valuable insights into their operations. The company’s has three flagship products – Pratham, Alpha and Falcon. Pratham is a no-code platform for computer vision while Alpha offers clients multiple options to consume and integrate data into their production systems. Its third product Falcon revolutionises warehouse inventory management with real-time tracking and optimisation capabilities. Led by Job Philip, the company claims to have delivered more than 50 applications to large corporates, SMEs and government enterprises.

Samsung brings tech's latest fashion to wearable technology with AI twists in new watch and ring

Economic TimesEconomic Times · 12m ago
Samsung brings tech's latest fashion to wearable technology with AI twists in new watch and ring
Medial

Samsung has announced that its upcoming premium smartwatch, the Galaxy Watch Ultra, and its smart ring, the Galaxy Ring, will both feature artificial intelligence (AI) capabilities to help users monitor and manage their health. The AI-powered devices will analyze biometric data to provide customized health assessments and recommendations. The smartwatch, priced at $650, offers more advanced features, while the smart ring, priced at $400, has a longer battery life. Tethering AI to wearable devices is a growing trend, with companies like Google, Apple, and Microsoft already incorporating AI into their products. The global smartwatch market is expected to reach $29 billion this year, with Samsung facing competition from Apple.

Make in Box secures $260K in pre-Series funding round

EntrackrEntrackr · 4m ago
Make in Box secures $260K in pre-Series funding round
Medial

Make in Box secures $260K in pre-Series funding round Deep-tech startup Make in Box (MIB) has raised $260,000 in a pre-Series funding round led by Mile Deep Works and its affiliate, Mile Deep Capital. The fresh funds will be used to enhance decentralized supply chains and develop mobile smart factory technologies, including its flagship product, “Mfreezer,” MIB said in a press release. Founded in 2020 by Ullas Esturi, Make in Box (MIB) is a deep-tech startup focused on smart factories and agritech solutions. It integrates AI and mobile smart factory technologies, aiming to decentralize supply chains and improve manufacturing efficiency across multiple industries. The company’s solutions serve industries such as auto ancillary, aerospace, defense, construction, inland fisheries, and farming. MIB aims to redefine industrial production by minimizing capital expenditure while maximizing efficiency and sustainability. Its mobile smart factories will bridge the gap between demand and production, ensuring localized and accessible manufacturing solutions that drive economic growth and technological progress. According to MIB, its flagship product “Mfreezer” uses advanced mobile IQF (Individually Quick Frozen) technology to flash-freeze produce at the source, preserving food quality and streamlining supply chains. This innovation aims to boost efficiency and sustainability in the frozen food sector.

Govt Turns To Startups, Academia To Generate Telecom IPRs

Inc42Inc42 · 1y ago
Govt Turns To Startups, Academia To Generate Telecom IPRs
Medial

Ericsson has signed an MoU with IIT-Kharagpur for joint research in AI and development of 6G networks. The Indian government aims to secure a 3% share in global telecom IPRs and the telecom equipment market by 2027. The Department of Telecommunications (DoT) is encouraging global companies like Nokia, Ericsson, Cisco, and Qualcomm to collaborate with Indian academic institutions on new technologies. The DoT plans to support promising projects through the Telecom Technology Development Fund and is promoting industry-academia partnerships to make India self-reliant in the telecom sector. Several global firms have already partnered with Indian academic institutions, such as Ericsson with IIT-Kharagpur for AI and 6G research. India has a thriving startup ecosystem and the government is initiating initiatives to help startups raise funds from VCs.

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