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News on Medial
Sparx wants to do for enterprise what Truebill did for consumer recurring bills
TechCrunch
·
1y ago
Medial
Sparx, a startup aiming to help enterprises manage their financial operations, has raised $3.1 million in seed funding. The company offers a free suite of automated tools that identify areas of non-usage or overspending in recurring expenses, covering SaaS, cloud, and insurance expenses. Sparx aims to automate workload and implement cost-saving measures, ultimately saving customers an average of 54%. The company has reached profitability and has over 100 business customers, including BMW and Zillow. The funding will be used for scaling operations and marketing efforts.
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PayU wants to get into consumer payments next with LazyPay
Economic Times
·
10m ago
Medial
PayU, a fintech firm backed by Naspers, plans to expand its consumer vertical using the LazyPay mobile app. While merchant payments will remain its core business, PayU intends to build a full-stack consumer payments and credit platform around LazyPay. The company aims to serve enterprise merchants, financial institutions, and consumers. PayU has expanded its services by acquiring Paysense, developing LazyPay, and establishing a tech stack for financial companies through its acquisition of Wibmo. PayU also anticipates potential regulations for nonbank lenders on Unified Payments Interface (UPI) to tap into credit opportunities.
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UK-based Rezolve Ai appoints Sauvik Banerjjee as global CEO of products, tech, digital services - The Economic Times
Economic Times
·
25d ago
Medial
Rezolve Ai has appointed Sauvik Banerjjee as the president of global professional services and chief digital officer, following strong market demand and the creation of their Professional Services platform. The division supports 50 enterprise clients and 16.5 million monthly active users, leveraging AI to optimize customer engagement and operational efficiency. It aims to position Rezolve Ai as a major competitor in the AI-driven consumer engagement market, capitalizing on $70 million in annual recurring revenue.
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'People who should be considered for promotion': Musk after DOGE’s accountability mail to US govt employees
Business Today
·
5m ago
Medial
Elon Musk has directed US federal employees to submit weekly reports of their work, risking dismissal if they fail to comply. Agencies like the State Department and FDA received the email titled "What did you do last week?" which demands a five-point summary of weekly achievements. Musk indicated that standout employees should be considered for promotion. This unconventional move has sparked debates on government transparency, employment rights, and private-sector influence on public administration.
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Bloom wants to teach teens how to build wealth
TechCrunch
·
1y ago
Medial
Bloom, a zero-commission stock investing app for teenagers, achieves one million downloads since its launch in February 2022. Founded by Allan Maman and Sam Yang, the app offers brokerage accounts and interactive lessons on investing and finance to users aged 13 and older. With an Instagram-like structure, Bloom incentivizes learning through quizzes and rewards. The startup has raised $4.4 million in seed funding and reached a seven-figure annual recurring revenue.
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Spend management startup Dice raises $5 million from Dallas Venture Capital India Fund
Economic Times
·
1y ago
Medial
Enterprise spend management platform Dice has raised $5 million in a Series A funding round led by Dallas Venture Capital. The funds will be used for go-to-market initiatives, including enhancing market penetration, broadening customer outreach, optimizing sales and marketing strategies, and improving artificial intelligence capabilities. Dice leverages AI to automate and improve enterprise processes, and currently serves 75 enterprises, achieving an annual recurring revenue of $1.5 million. The company's major clients include Bajaj Electricals, Piramal Enterprises, and IDFC First Bank.
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AI-backed brand analytics platform GobbleCube raises $3.5 million in round led by InfoEdge Ventures - The Economic Times
Economic Times
·
23d ago
Medial
GobbleCube, an AI-backed brand analytics platform, secured $3.5 million in funding led by InfoEdge Ventures, with Kae Capital also participating. Founded by Manas Gupta, Srikumar Nair, and Nitesh Jindal, GobbleCube automates data for consumer brands, identifying sales opportunities and enhancing decision-making. With $2 million in annual recurring revenue, the startup plans to enhance AI capabilities and expand globally. It serves 200 brands, including Tata Consumer and Johnson & Johnson.
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Glean wants to beat ChatGPT at its own game -- in the enterprise
TechCrunch
·
1y ago
Medial
Glean, a software developed by Arvind Jain, the co-founder of Rubrik, is aiming to provide enterprise employees with a custom ChatGPT-like experience for answering plain-English queries from vast amounts of data. Glean connects with enterprise databases to provide relevant answers, addressing the challenge faced by desk workers of finding required data efficiently. The platform leverages GenAI, but concerns have been raised about privacy and data security risks. Despite this, Glean has seen strong growth, recently raising $200 million in a Series D funding round and acquiring a customer base including Duolingo and Sony.
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SydeLabs raises $2.5 Mn led by RTP Global
Entrackr
·
1y ago
Medial
AI security and risk management startup SydeLabs has raised $2.5 million in its seed round led by RTP Global. The round also saw participation from Picus Capital and marquee angel investors such as Kunal Shah and Sai Srinivas Kiran. The startup will use the funds for research and development (R&D) and to build on its existing product portfolio. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers solutions to identify security and safety vulnerabilities in enterprise AI systems and prevent them in real time, helping mitigate cybersecurity attacks and abuse. SydeLabs is look to do partnerships with large language model (LLM) operation providers to distribute its product. It is also working on tools to help enterprises achieving compliance for their AI applications across geographies. The firm plans to clock $1 million in annual recurring revenue (ARR) by the end of 2024. Early-stage venture capital firm RTP Global claims to have made over 110 investments worldwide. Its notable investments include Datadog, DeliveryHero, CRED and SumUp.
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Elon Musk says Donald Trump didn't ask for money when their paths crossed during a breakfast meeting at a friend's house
Business Insider
·
1y ago
Medial
Elon Musk denied that Donald Trump approached him for campaign donations during their recent meeting in Florida. Musk clarified that the encounter was a chance meeting at a breakfast and Trump did most of the talking. Musk also stated that Trump didn't ask him for any financial support, including paying his legal bills. While Musk mentioned he may endorse a candidate closer to the election, he expressed his reluctance to contribute financially and jokingly mentioned leaning away from supporting Joe Biden.
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AEP to Heed Wants of State Leaders, Putting Climate Aim in Flux
Livemint
·
8m ago
Medial
American Electric Power (AEP) is adjusting its energy and economic development goals to align with state regulators' preferences, potentially leading to a change in its 2045 net-zero carbon target, according to CEO Bill Fehrman. Fehrman believes it is the responsibility of the states to determine their own policies, and AEP will meet those policies accordingly. The utility company aims to improve relationships with regulators, enhance reliability, and reduce customer bills by adopting a bottom-up approach that involves understanding state preferences and executing accordingly. AEP operates in 11 states and supplies electricity to nearly 5.5 million customers.
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