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illumine raises $2.5 Mn seed funding round led by Prime Venture Partners

EntrackrEntrackr · 8m ago
illumine raises $2.5 Mn seed funding round led by Prime Venture Partners
Medial

illumine, a startup transforming early childhood education through AI, has raised $2.5 million in a seed funding round led by Prime Venture Partners. The Bengaluru-based company had previously raised $779K in the same round. The proceeds will be utilized to accelerate its product development and international expansion. Co-founded in 2018 by Navneet Rastogi, Purva Goyal, and Sourabh Agarwal, illumine is a full-stack childcare management platform. It addresses the hassles of disjointed systems and outdated manual processes associated with childcare education. The company solves this by offering a vertical AI SaaS platform built specifically for childcare. The startup claims that its platform has been used by more than 3,000 centres across 56 countries, including the U.S., UAE, Southeast Asia, Europe, and India.

Invention Engine’s four portfolio startups secure $2.5 Mn

EntrackrEntrackr · 2d ago
Invention Engine’s four portfolio startups secure $2.5 Mn
Medial

Invention Engine’s four portfolio startups secure $2.5 Mn Invention Engine, a founder-led accelerator for early-stage AI and deep tech, has announced that four portfolio companies - Sonic Lamb, Cheerio AI, Desible.ai, and Magicroll have secured a combined approx. $2.5 million in a new funding round. Sonic Lamb, a deep-tech startup featured on Shark Tank, has raised around $1 million to scale its unique, India-designed headphones globally. The newly secured funds will be utilised to amplify the consumer brand's reach and advance its core technology and IP for expansion into automotive and pro-audio sound applications. Cheerio AI, a no-code AI marketing automation platform, has raised approx $1 million. It is an AI-powered, all-in-one customer engagement and CLTV platform and claims to have been trusted by over 150 enterprises across 6 industries and has created more than 500 crore additional revenue for its customers through intelligent retention automation. The funding will be used to build multi-modal AI capabilities. Desible.ai, an enterprise-grade conversational infrastructure platform powering revenue, compliance, and service workflows across BFSI, has raised $250K in a funding round. The platform aims to build the next generation of AI-powered voice agents: intelligent, multilingual, and empathetic. Magicroll, an AI-powered video editing platform, has raised $100K. It specialises in transforming raw content into engaging short-format videos that keep the user's voice and story central while ensuring high contextualisation and personalisation. The company will deploy the funds toward go-to-market initiatives and continued product development. Invention Engine recently opened applications for its fourth ‘ACE $100K’ cohort, marking the expansion of its early-stage investment program in India. It has increased its investment ticket to $100K (approx Rs 1 crore) ‘patient capital’ per startup. The six-month program plans to back 6–8 early-stage startups working on core AI-led innovations.

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