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aarna Bags Funding From Exfinity Venture Partners To Offer GPU-As-A-Service

Inc42 · 10m ago

aarna Bags Funding From Exfinity Venture Partners To Offer GPU-As-A-Service

Bengaluru-based startup aarna.ml has secured $1.2 million in a Series A funding round led by Exfinity Venture Partners. The SaaS AI cloud management company plans to use the funds to enhance its product development for GPU management, expand its market reach, and improve its services. Established in 2018, aarna.ml provides open-source AI cloud management software to GPU-as-a-service AI cloud vendors and data center providers.

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Exfinity Ventures leads $6.7 Mn Series A round in Aarna.ml

Entrackr

Entrackr · 10m ago

Exfinity Ventures leads $6.7 Mn Series A round in Aarna.ml

Aarna.ml, an open-source GPU-as-a-Service (GPUaaS) AI Cloud software, has raised $1.25 million in Series A funding round from Exfinity Venture Partners. The company had previously raised $6.5 million co-led by NVIDIA, LDV Partners, 3Lines, CARAT Venture Partners, and others back in October 2023. The proceeds will be used to extend its platform to the GPU reference architectures that include high-speed networks and storage, Aarna said in a press release. Co-founded in 2018 by Amar Kapadia and Sriram Rupanagunta, Aarna.ml enables GPU-as-a-service providers and NVIDIA Cloud Partners (NCP) to offer hyper scaler-grade multi-tenant GPU instances with full isolation while leveraging a common underlying GPU pool. It aims to empower the AI Cloud landscape. Aarna claims to have served companies like Tigo, LGE, Equinix, Keysight, CableLabs, and CapGemini Engineering. Exfinity Venture Partners focuses on early-stage B2B investments in deep tech and SaaS. It has backed startups like Autoverse, CloudSek, Cult.fit, Kinara.ai, Locus, Log9, MoEngage, Pixis, Skit.Ai, among others.

Exfinity clocks an exit as semiconductor firm NXP buys portfolio company

VCCircle

VCCircle · 5m ago

Exfinity clocks an exit as semiconductor firm NXP buys portfolio company

Exfinity Venture Partners, led by former Infosys finance chief V Balakrishnan, has successfully exited from a venture as semiconductor company NXP acquires its portfolio company. This significant move allows Exfinity to return the entire corpus of its second fund, amounting to Rs 300 crore, to its investors. The transaction marks another successful exit for Exfinity, reinforcing its reputation for generating profitable returns from its investments in early-stage technology firms.

Neysa Bags $30 Mn To Fuel Its GenAI Adoption

Inc42 · 9m ago

Neysa Bags $30 Mn To Fuel Its GenAI Adoption

Neysa, a startup, is set to utilize its recent funding to bolster its AI infrastructure, research and development efforts, and prepare for the launch of its GenAI acceleration cloud service. The company is focused on collaborating with various partners in the global system integration, cloud services, and AI software sectors. Notably, Neysa raised $20 million in seed funding around six months ago, with contributions from investors such as Matrix Partners India, Nexus Venture Partners, and NTTVC.

Ahammune Biosciences, The Health Factory, two others raise early-stage cheques

VCCircle

VCCircle · 10m ago

Ahammune Biosciences, The Health Factory, two others raise early-stage cheques

Clinical stage therapeutics startup Ahammune Biosciences has raised $5 million in a series A funding round led by pi Ventures. The funds will be used to conduct human clinical trials for its drug candidate for vitiligo and expand R&D efforts for other skin diseases. Bread brand The Health Factory also secured $3.5 million in seed funding to expand into Tier 1 and Tier 2 cities. Proptech startup Flent raised Rs 6.5 crore in a pre-seed funding round to develop its renting platform, while open-source GPU-as-a-Service (GPUaaS) firm Aarna raised $6.7 million in a series A round to accelerate product development.

Marut Drones Bags $6.2 Mn From Lok Capital

Inc42 · 9m ago

Marut Drones Bags $6.2 Mn From Lok Capital

Marut Drones, a Hyderabad-based startup founded in 2019, has recently secured funding to support tech-enabled food and agriculture business models. The startup also has plans to establish drone agriculture service hubs to offer Drone-as-a-Service, working in collaboration with partners. The company was founded by three IIT alumni - Prem Kumar Vislawath, Sai Kumar, and Suraj Peddi - with the aim of developing drone-based solutions for agri-intelligence and agri-automation.

Neysa Bags $20 Mn To Accelerate GenAI Adoption For Enterprises

Inc42 · 1y ago

Neysa Bags $20 Mn To Accelerate GenAI Adoption For Enterprises

Mumbai-based AI cloud and platform-as-a-service startup Neysa has raised $20 million in seed funding. The funding round was led by Matrix Partners India, Nexus Venture Partners, and NTTVC. Neysa plans to use the funds to expand its Gen AI-cloud platform-as-a-service offerings and enhance observability tools for both Indian and global markets. The company was founded in 2023 and provides generative AI platforms and services to assist clients in managing their AI projects. Neysa also aims to release its services in Q3 2024. The demand for AI-native cloud platforms is expected to grow, and Neysa is well-positioned to capitalize on this trend.

Maieutic Raises $4.15 Mn to Reinvent Chip Design with GenAI

StartupTalky

StartupTalky · 1m ago

Maieutic Raises $4.15 Mn to Reinvent Chip Design with GenAI

Maieutic Semiconductor, a Bengaluru-based deep tech startup, raised $4.15 million in Seed funding co-led by Endiya Partners and Exfinity Venture Partners. The funding aims to advance their generative AI-driven solution for revolutionizing analog chip design, making processes faster and more efficient. The core team, composed of seasoned industry veterans, plans to expand its engineering team and enhance time-to-market capabilities. This innovation paves the way for India to emerge as a leader in semiconductor innovation.

Deeptech startup Maieutic Semiconductor raises $4.15M from Endiya Partners, Exfinity Venture Partners

YourStory

YourStory · 1m ago

Deeptech startup Maieutic Semiconductor raises $4.15M from Endiya Partners, Exfinity Venture Partners

Maieutic Semiconductor, a deeptech startup specializing in analog integrated circuit design, secured $4.15 million in seed funding from Endiya Partners and Exfinity Venture Partners. The company plans to use the funds to expand its engineering team and accelerate product development. Maieutic aims to revolutionize semiconductor design using AI to shorten design cycles and improve efficiency, positioning its solutions for essential applications in communications, automotive systems, and industrial electronics.

ETtech Deals Digest: Startup funding drops 54% on year to $77 million this week

Economic Times

Economic Times · 10m ago

ETtech Deals Digest: Startup funding drops 54% on year to $77 million this week

- Startups raised $77 million between September 28 and October 4, a 54.5% decrease from the same period last year. - This week, startups secured funding through 14 rounds, compared to 44 rounds in the year-ago period. - MStack, a specialty chemicals startup, raised $40 million in a funding round led by Lightspeed Venture Partners and Alpha Wave Global. - Basic Home Loan, a fintech startup, raised $10.6 million in a series B funding round led by Bertelsmann India Investments. - Troo Good, a snack brand, raised $8.6 million in a funding round led by Oaks Asset Management. - Str8bat, a sports technology startup, raised $3.5 million in a series A funding round led by Exfinity Venture Partners.

Finarkein Analytics Bags $4.75 Mn From Nexus Venture Partners

Inc42 · 11m ago

Finarkein Analytics Bags $4.75 Mn From Nexus Venture Partners

Finarkein Analytics, a Pune-based data analytics platform for digital service providers, has raised an undisclosed amount in a funding round led by Nexus Venture Partners. Existing investors IIFL's Fintech Fund and Eximius Ventures also participated in the round. The company plans to use the funding for product development and expansion. Finarkein Analytics was founded in 2019 by Nikhil Kurhe and Dheeraj Kumar.

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