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AI Start-Sp Leucine Nets $7 Million To Level Up Pharma Manufacturing Compliance

OutlookIndia

OutlookIndia · 1y ago

AI Start-Sp Leucine Nets $7 Million To Level Up Pharma Manufacturing Compliance

Leucine, a B2B SaaS start-up, has raised $7 million in a Series A funding round led by Ecolab Inc. The funding will be used to further develop the company's Compliance Cloud platform, which utilizes AI-driven tools to improve pharmaceutical manufacturing processes. Leucine has also introduced Leucine 10x, an AI framework designed to assist in manufacturing procedures. The platform, implemented in just 8 weeks, digitizes paper standard operating procedures into digital formats with the help of proprietary AI-enabled tools. Leucine has already been deployed in over 300 pharma manufacturing facilities across 10 countries.

Related News

B2B SaaS startup Leucine raises $7 million in funding led by Ecolab

Economic Times

Economic Times · 1y ago

B2B SaaS startup Leucine raises $7 million in funding led by Ecolab

B2B SaaS startup Leucine has raised $7 million in funding, with Ecolab leading the investment round. Leucine aims to use the funding to further develop its cloud-based software platform, which helps organizations manage chemical inventory and compliance. The company plans to expand its market presence and enhance its product offerings with the raised funds.

MENA Digest: Nymcard nets $33 mn; ClearGrid, PlaysOut get seed money

VCCircle

VCCircle · 5m ago

MENA Digest: Nymcard nets $33 mn; ClearGrid, PlaysOut get seed money

NymCard, a payments infrastructure provider in the Middle East and North Africa (MENA) region, secured $33 million from investors to expand its market presence. Other notable funding activities include UAE-based gametech platform PlaysOut raising $7 million, ClearGrid receiving $10 million for fintech developments, and ORO Labs securing $1.5 million to enhance its tokenised gold platform. Additionally, Grinta, a pharma marketplace startup, acquired Citi Clinic, while Yango Ventures formed a $20 million corporate venture fund targeting early-stage startups.

Deal on EU AI Act gets thumbs up from European Parliament

TechCrunch · 1y ago

Deal on EU AI Act gets thumbs up from European Parliament

The European Parliament has approved the AI Act, which imposes new regulations on artificial intelligence (AI) systems. The legislation establishes a risk-based framework for AI, with different rules depending on the level of risk involved. The AI Act bans certain high-risk uses of AI, such as social scoring and subliminal manipulation. It also requires developers of high-risk AI applications, such as education or employment systems, to register and comply with risk management provisions. Non-compliance penalties can reach up to 7% of annual global turnover. The AI Act is expected to become law by mid-2027.

Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round

Entrackr

Entrackr · 2m ago

Deeptech manufacturing startup Leumas raises $2.2 Mn in Seed round

Deeptech manufacturing startup Leumas has raised $2.2 million in a seed funding round led by Capital 2B, a deeptech-focused fund backed by Info Edge and Temasek, along with participation from Capital-A and Anicut Capital. The proceeds will be used to expand its R&D capabilities, scale on-demand manufacturing infrastructure, and launch pilot deployments of dedicated factories for wellness and pharma brands, Leumas said in a press release. Co-founded in 2016 by Subhajit Biswas and Nitesh K, Leumas offers on-demand manufacturing and factory-as-a-service models for wellness and pharma brands. Its solution is built on software-defined, modular robot factories that radically improve manufacturing and business outcomes - from development to commercial production. By combining automation, software intelligence, and R&D, it helps brands scale quickly, maintain quality, and reduce risk. According to Leumas, its core product is cyber-physical manufacturing technology: software-driven, modular production lines that integrate AI-led robotics, vision-based quality systems, and autonomous operations to ensure optimal production output and regulatory compliance. As per market research, the outsourced development and manufacturing market for pharma and wellness is expected to exceed $400 billion by 2030. Over the past year, Leumas claims to have co-developed its manufacturing solution with leading wellness brands and has helped scale more than 120 products across India, the US, and MENA. It has also signed agreements with prominent pharma and food research institutions to build dedicated factory capacities using its modular factory solution.

GenAI startup Ema nets $25 mn from Accel, Prosus, others

VCCircle

VCCircle · 1y ago

GenAI startup Ema nets $25 mn from Accel, Prosus, others

Technology startup Ema, which focuses on using generative artificial intelligence (AI) on an enterprise level, has raised $25 million in funding from investors including Accel, Prosus, and Wipro Ventures. Ema's patent-pending technology automates complex workflows, aiming to boost productivity across every role in an enterprise. The startup's Universal AI Employee is designed to emulate human capabilities, engaging in conversations, comprehending context, making informed decisions, and collaborating with human employees on complex projects. The funding will help Ema scale its operations and further develop its AI-powered platform.

Mankind Pharma secures CCI approval for ₹13,360-crore worth acquisition of Bharat Serums and Vaccines | Mint

Livemint

Livemint · 11m ago

Mankind Pharma secures CCI approval for ₹13,360-crore worth acquisition of Bharat Serums and Vaccines | Mint

- The Competition Commission of India (CCI) has approved the proposed acquisition of Bharat Serums and Vaccines by Mankind Pharma for ₹13,630 crore. - Mankind Pharma announced in July that it would acquire Bharat Serums and Vaccines from private equity firm Advent International for around ₹13,630 crore. - Mankind Pharma will raise up to ₹10,000 crore through the issuance of non-convertible debentures and commercial papers. - The acquisition of Bharat Serums and Vaccines will establish Mankind Pharma as the market leader in the Indian women's health and fertility segment. - Mankind Pharma is one of the largest pharmaceutical companies in India, engaged in developing, manufacturing, and marketing pharmaceutical finished dosage formulations. - Bharat Serums and Vaccines is involved in research, development, manufacturing, and distribution of pharmaceutical formulations, APIs, and health supplements.

Bhavish Aggarwal’s AI unicorn Krutrim launches chatbot to take on ChatGPT, Gemini

Thehindubusinessline

Thehindubusinessline · 1y ago

Bhavish Aggarwal’s AI unicorn Krutrim launches chatbot to take on ChatGPT, Gemini

Indian AI start-up Krutrim, backed by Ola founder Bhavish Aggarwal, has launched its AI chatbot in public beta. The company aims to become India's first AI unicorn by 2024 after securing $50m funding. Krutrim's AI models can comprehend over 20 Indian languages and generate text in 10 languages including Tamil and Malayalam. The start-up plans to release a more advanced version of the chatbot later this year, with a focus on multimodality and advanced problem-solving capabilities, while also working on AI infrastructure and manufacturing AI-optimised chips.

DPIIT Partners with Bhaane Group for Manufacturing Start-Ups' Incubation

OutlookIndia

OutlookIndia · 7m ago

DPIIT Partners with Bhaane Group for Manufacturing Start-Ups' Incubation

The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Bhaane Group to foster manufacturing start-ups through incubation programs. This collaboration aims to strengthen ties within the international start-up ecosystem, providing start-ups with market insights and a holistic understanding of foreign markets. The initiative reflects DPIIT's ongoing efforts to bolster India’s manufacturing sector, building upon previous strategic partnerships with corporates like ITC Limited and Walmart to support start-up growth and innovation.

LoanKuber Nets $3.5 Mn To Expand Its Fintech Play

Inc42 · 1y ago

LoanKuber Nets $3.5 Mn To Expand Its Fintech Play

LoanKuber, a start-up focused on providing mortgage-based financing solutions to small and medium-sized enterprises, has raised funding in a round led by Aavishkaar Capital. The funding will be used to enhance technology infrastructure, expand the team, and scale up the asset under management. Several angel investors, including co-founders of Acko, 1mg, and Clovia, also participated in the funding round. LoanKuber aims to leverage technology to provide crucial financial services to businesses.

Israeli cyber startup Apex gets initial investment from OpenAI's Sam Altman

Economic Times

Economic Times · 1y ago

Israeli cyber startup Apex gets initial investment from OpenAI's Sam Altman

Israeli cybersecurity start-up Apex has raised $7 million in a seed funding round, with an undisclosed investment from OpenAI CEO Sam Altman. The company focuses on protecting the use of artificial intelligence (AI) tools and is close to finalizing paid contracts with several Fortune 500 companies and investment firms. The funding will be used to accelerate product development, hire workers, and expand marketing efforts. Apex aims to provide the additional layers of security needed for enterprises to adopt AI, as the demand for AI tools continues to grow.

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