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MapMycrop raises Rs 15.7 crore in seed funding for agritech expansion
Economic Times · 4m ago
Medial
MapMyCrop, an agri-tech startup, has secured Rs 15.7 crore ($1.8 million) in seed funding led by YourNest Venture Capital, with contributions from angel investors. The funding will help expand operations, fulfill orders, and advance technology using satellite imagery and AI for crop monitoring. The company plans to launch new AI-based solutions, including a farm credit score tool, and aims to expand in Africa, Latin America, and Southeast Asia while enhancing its U.S. and European presence.
TakeMe2Space raises Rs 5.5 crore
Economic Times · 4m ago
Medial
SpaceTech startup TakeMe2Space secured Rs 5.5 crore in pre-seed funding led by Seafund, with contributions from Blume Ventures, Artha Venture Fund, AC Ventures, and angel investors. The funds will support the launch of its space AI laboratory MOI-1, scaling operations, regional expansion, product portfolio enhancement, R&D, and customer acquisition. The company aims to double its revenues over the next year, according to their statement.
UptimeAI raises $14 Mn in Series A round
Entrackr · 1y ago
Medial
Artificial intelligence startup UptimeAI has raised $14 million in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures. UptimeAI will use the proceeds to scale up its tech platform, expand product portfolio and presence in North America, Middle East and Asia. The company has bases in Bengaluru and San Francisco as well. Five-year-old UptimeAI creates AI-based solutions that help plant operators maximise efficiency and reliability. As per the company, its team has core competency in areas including power, oil and gas, chemicals, metals, and aerospace among others. UptimeAI’s four modules include – connect the dots, no code predictive alerts, inferencing engine for prescriptive actions, and continuous self-learning. It has a patented system and method for monitoring complex structures to identify the root cause of inefficiencies. In September last year, Bharat Petroleum Corporation Limited (BPCL) tied up with UptimeAI to optimize operational efficiency. Led by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI was one of the selected startups in the YourNest SOAR Program. In February 2021, UptimeAI also raised $1.5 million in seed funding from YourNest Venture Capital and angel investors. UptimeAI competes with Tiger Global-backed Infinite Uptime, which raised $18.85 million in a round in May last year. Other global competitors include Sight Machine , Prospection SparkCognition, and Augury.
Industrial Deeptech IoT startup Datoms raises $1.2M led by YourNest Venture Capital
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IndianStartupNews · 1y ago
Medial
Datoms, an industrial deep-tech IoT startup focused on solutions for OEMs, has raised $1.2 million in a pre-Series A funding round led by Yournest Venture Capital. The startup aims to enhance efficiency in asset management and activity planning through its connected operations cloud platform. With over 100 global customers, Datoms plans to use the funding to strengthen its product offerings, enhance AI/ML capabilities, and expand its market presence in India and the Middle East. The booming IoT Connected Machines market, projected to reach $510 billion by 2030, presents a significant opportunity for Datoms.
EtherealX Pockets $5 Mn From YourNest, Others To Build Reusable Rockets
Inc42 · 12m ago
Medial
Bengaluru-based spacetech startup EtherealX has secured a seed funding round worth $5 million. The investment will be utilized to develop engines for the company's fully reusable medium-lift launch vehicles. Leading the round is YourNest, with participation from several other investors including BIG Global Investments JSC, BlueHill Capital, Campus Fund, Golden Sparrow Ventures, and more. EtherealX aims to use the funding to further its development of the Razor Crest Mk-1.C launch vehicle.
Speech AI startup Contiinex raises $2M in a pre-Series A round led by YourNest, Refex Capital
IndianStartupNews · 1y ago
Medial
Speech AI startup Contiinex has secured $2 million in a per-Series A funding round led by YourNest and Refex Capital. The Bengaluru and New York-based startup plans to strengthen its tech team and expand in the US market. It offers a proprietary speech-to-text engine and Contiinex Open Framework for Insights (COFI), focusing on healthcare and insurance sectors. Contiinex intends to enter retail and banking sectors, leveraging its AI solutions to enhance customer experiences, claims, and regulatory compliance. The funding will also be used to expand its Gen AI product offerings for unstructured data analysis.
Leanworx raises seed round led by YourNest Venture
Entrackr · 7m ago/entrackr/media/media_files/2024/12/26/bO2gh7JPmGu2nmXVLacf.jpg)
Medial
Leanworx, a Bengaluru-based startup empowering manufacturing plants with real-time data, has raised Rs 8.3 crore (approximately $1 million) in its seed funding round. The round was led by YourNest Venture Capital with Rs 6.5 crore and Rs 1.5 crore from an angel investment group. The proceeds will be directed towards scaling marketing and lead generation efforts in India and Southeast Asia and advancing product development, including hardware and software certification, Leanworx said in a press release. Co-founded in 2017 by D. Srihari, Bhagavan S. K., and Dasarathi G. V., Leanworx provides a cutting-edge, AI-powered machine monitoring system that delivers real-time, actionable data from shop-floor machines to decision-makers, allowing for faster and more accurate decision-making.
Coralogix raises $115M in Series E funding at $1B valuation
YourStory · 1m ago
Medial
Israeli startup Coralogix raised $115 million in Series E funding, achieving a valuation surpassing $1 billion. Led by NewView Capital, the funding round also saw participation from the Canada Pension Plan Investment Board and NextEquity, among others. The company plans to invest substantially in its Indian operations, focusing on sectors like BFSI, IT, telecom, logistics, and edtech, while also advancing local AI capabilities and expanding its workforce in cities like Gurugram, Bengaluru, and Mumbai.
Spacetech startup Skyroot Aerospace raises Rs 225Cr from Singapore-based Temasek
IndianStartupNews · 1y ago
Medial
Hyderabad-based spacetech startup Skyroot Aerospace has raised Rs 225 crore ($27.5 million) in a pre-Series C funding round led by Temasek. The funds will be used to accelerate commercial satellite launches, foster technological advancements, recruit top-tier talent, and enhance launch frequency and capabilities. Skyroot Aerospace, founded in 2018, has introduced the Vikram series of launch vehicles to cater to the growing demand for cost-effective and efficient space launches. The company has previously received funding from Celesta Capital, Rocketship.vc, Artha Venture Fund, and other investors.
Fintech startup CredRight raises $9.7 Mn led by Dell Foundation
Entrackr · 1y ago
Medial
Fintech startup CredRight has raised Rs 78 crore ($9.7 million) in a funding round involving equity and debt. The Michael & Susan Dell Foundation led the equity capital funding, joined by existing investors like YourNest, Spearhead Capital, 9Unicorns, and Accion Venture Lab. Debt capital funding came from Blacksoil, Caspian Debt, RevX Capital, and Westen Capital. CredRight plans to expand into new areas, enhance its technology, and provide formal finance access to small businesses and MSMEs. The platform, which serves nano entrepreneurs and aims to address the financing gap, has shown significant growth with one of the lowest NPAs in the industry.
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