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AI assistant startup FurtherAI raises $5 million in round led by Nexus Venture Partners

Economic Times

Economic Times · 4m ago

AI assistant startup FurtherAI raises $5 million in round led by Nexus Venture Partners

FurtherAI, an AI startup focused on automating insurance processes, raised $5 million in seed funding, led by Nexus Venture Partners. The funds will expand its AI team and enhance product capabilities. Founded in 2023 by Aman Gour and Sashank Gondola, the San Francisco-based company improves underwriting and claims processing accuracy to 95-97% and is expanding into the UK market. It aims to address efficiency, compliance, and rising expense challenges in the insurance industry.

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CapGrid Solutions raises $5 Mn led by Anicut Capital

Entrackr

Entrackr · 5m ago

CapGrid Solutions raises $5 Mn led by Anicut Capital

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times

Economic Times

Economic Times · 1m ago

RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times

Regtech startup Zango AI raised $4.8 million in a funding round led by Nexus Venture Partners. The funds will expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango automates compliance using regulation-specific large language models, aiding clients like Novobanco and Monzo. The startup aims to modernize financial regulation management, integrating AI with human expertise to ensure comprehensive compliance solutions.

Nexus Venture Partners leads $20 million funding at DevOps startup Orkes

Economic Times

Economic Times · 1y ago

Nexus Venture Partners leads $20 million funding at DevOps startup Orkes

Nexus Venture Partners has led a $25 million funding round in Orkes, an orchestration-focussed DevOps startup. Orkes provides application orchestration solutions and has achieved significant growth since its initial launch. The funding will be used to enhance its offerings, including its new AI orchestration platform. Orkes' open-source tool, Conductor, is used by major companies and government agencies. The startup was founded by the creators of the Conductor project at Netflix. Nexus Venture Partners' managing director, Abhishek Sharma, will join Orkes' board.

Zepto Looking To Raise $650 Mn Funding At A Valuation Of $3.5 Bn

Inc42 · 1y ago

Zepto Looking To Raise $650 Mn Funding At A Valuation Of $3.5 Bn

Zepto, a fintech startup, is set to raise funds in its upcoming funding round. The round will be led by Nexus Venture Partners and StepStone Group, with participation from Glade Brook Capital, Avenir Growth, Lightspeed Venture Partners, DST Global, and Avra. This follows Zepto's previous funding round in November 2023, where it raised $31.25 million, bringing the total round size to $231.5 million.

DynamoFL raises $15.1M in a Series A round led by Nexus, others

IndianStartupNews

IndianStartupNews · 1y ago

DynamoFL raises $15.1M in a Series A round led by Nexus, others

San Francisco's DynamoFL has secured $15.1 million in a Series A funding round, co-led by Nexus Venture Partners and Canapi Ventures, bringing its total funding to $19.3 million. The AI startup focuses on privacy and compliance in generative AI solutions. The funds will meet demand, scale the team, and enhance technology in privacy-preserving generative AI. DynamoFL, founded in 2021, helps enterprises refine large language models for vulnerabilities. Investors include Formus Capital, Soma Capital, and tech leaders from Apple, Dropbox, and Snowflake.

AI cloud startup Neysa raises $20M in a seed round led by Matrix Partners, Nexus VP, NTTVC

IndianStartupNews

IndianStartupNews · 1y ago

AI cloud startup Neysa raises $20M in a seed round led by Matrix Partners, Nexus VP, NTTVC

Indian startup Neysa has closed a $20m seed funding round led by Matrix Partners, Nexus Venture Partners and NTTVC. Founded by Sharad Sanghi and Anindya Das, Neysa is looking to provide a cloud-based platform as a service for generative AI and observability, with ambitions to launch in Q3 2024. The funds raised will be used to expand infrastructure and support research and development efforts. Neysa previously raised $1.5m in a seed funding round in 2021.

AI startup Cognida raises $15 million in funding led by Nexus Venture Partners

Economic Times

Economic Times · 6m ago

AI startup Cognida raises $15 million in funding led by Nexus Venture Partners

Cognida.AI, an AI solutions provider for enterprises, secured $15 million in funding led by Nexus Venture Partners. The investment will help expand AI solutions in key industries and accelerate market strategies. With headquarters in Chicago and offices in Silicon Valley and Hyderabad, it serves over 30 clients across various sectors. Despite a dip in overall AI startup funding in India, the number of deals has increased, highlighting ongoing interest from venture capital investors.

Sugar.fit secures additional $5M in Series A

Inshorts · 1y ago

Sugar.fit secures additional $5M in Series A

Healthtech startup Sugar.fit has secured an additional $5 million in Series A funding led by B Capital, bringing the total funding raised in the round to $16 million. Existing investors MassMutual Ventures, Tanglin Venture Partners, Endiya Partners, and Cure.Fit also participated in the round.

Ennoventure, BiteSpeed, Zeplyn, two others raise early-stage funding

VCCircle

VCCircle · 9m ago

Ennoventure, BiteSpeed, Zeplyn, two others raise early-stage funding

Ennoventure, BiteSpeed, Zeplyn, Pikndel, and LegalKart have secured early-stage funding from various venture capital firms and investors. Ennoventure, a brand protection and authentication service SaaS company, closed its Series A funding round with $8.9 million, led by Tanglin Venture Partners. BiteSpeed, an AI-driven e-commerce platform, raised $3.5 million in Pre-Series A funding. Zeplyn, an AI assistant startup, secured $3 million in seed funding. Pikndel, a logistics startup, raised $1 million in seed funding. LegalKart, a legal consultation platform, received Rs 6.5 crore in funding to enhance its AI capabilities.

Unicorn startup Zepto raises another $31.25M in Series E round

IndianStartupNews

IndianStartupNews · 1y ago

Unicorn startup Zepto raises another $31.25M in Series E round

Mumbai-based quick commerce startup Zepto has raised $31.25 million in a Series E funding round led by Goodwater Capital and Nexus Venture Partners. Zepto plans to go public by 2025 and became a unicorn after raising $200 million in funding. The startup promises to deliver groceries in under 10 minutes and currently holds about 20-21% market share in the quick commerce sector. However, Zepto's financial numbers show significant growth in revenue but also indicate high net losses, posing challenges for achieving profitability.

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