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News on Medial
Athina AI Nets $3 Mn To Help Enterprises Build Production-Grade AI Apps
Inc42
·
8m ago
Medial
A chatbot startup has raised funding from investors such as Perplexity CTO Denis Yarats, Kleiner Perkins Scout Fund, Y Combinator, and Snorkel AI CEO Alex Ratner. The funding will be used to further develop the company's AI agents and multimodal systems. The startup's platform assists enterprises in creating and monitoring AI applications, including chatbots that serve millions of users.
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IBM to launch GenAI Innovation Center in Kochi
YourStory
·
1y ago
Medial
IBM has launched its GenAI Innovation Center in Kochi, India, aimed at supporting enterprises, startups, and partners in building generative AI technology. The center will provide access to IBM experts and technologies to help organizations build and scale enterprise-grade AI solutions. Built on the InstructLab, a technology developed by IBM and Red Hat, the center will leverage AI and data platforms to address societal and business challenges such as sustainability, healthcare, education, and inclusion. It will be managed by IBM's technical experts and located within the IBM India Software Lab in Kochi.
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How Snowkap is building an AI-powered engine for enterprise climate action
YourStory
·
1m ago
Medial
Mumbai-based Snowkap uses AI to help companies track and reduce supply chain emissions, addressing the challenge of measuring Scope 3 emissions. Co-founded by Rajesh Patel, Ambalika Gupta, and Giri Krishnaswamy, Snowkap's platform consolidates ESG data, suggests low-emission alternatives, and automates compliance reports. Serving enterprises like Tata and JSW Steel, it aims to onboard more corporations and vendors globally. Snowkap's competitive edge lies in speed, cost, and enterprise-grade capabilities, with plans to enhance AI functionalities by October 2025.
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Cisco teams up with Nvidia to help businesses get more out of AI than ever before
Techradar
·
1y ago
Medial
Cisco and Nvidia have partnered up to provide scalable and secure AI deployment for enterprises. The collaboration aims to deliver both cloud-based and on-premises AI infrastructure, utilizing NVIDIA's Tensor Core GPUs with Cisco's M7 UCS rack and blade servers. This will enable enterprises to handle intense workloads generated by AI operations. Additionally, Cisco will offer management of AI infrastructure through its Networking Cloud, while its ThousandEyes tool uses AI for digital experience monitoring and problem remediation. The partnership seeks to help enterprises build, deploy, manage, and secure AI solutions at scale.
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GenAI startup Ema nets $25 mn from Accel, Prosus, others
VCCircle
·
1y ago
Medial
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.
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LLMs keep leaping with Llama 3, Meta’s newest open-weights AI model
Arstechnica
·
1y ago
Medial
Meta has introduced Llama 3, an open-weights AI model for text composition, code generation, and chatbots. It is available in two versions, with parameter sizes of 8 billion and 70 billion. Meta is also training a 400 billion parameter version. Llama 3 performs well in benchmarks, such as undergraduate knowledge, grade-school math, coding, and graduate-level questions. The model has been trained with both images and text, with plans to support multimodal outputs in the future. Meta's AI assistant, powered by Llama 3, will be integrated into major social media apps and search features.
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LoanKuber Nets $3.5 Mn To Expand Its Fintech Play
Inc42
·
11m ago
Medial
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.
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AGNIT Semiconductors Nets $3.5 Mn Led By 3one4 Capital
Inc42
·
9m ago
Medial
AGNIT Semiconductors, a chip maker, has raised a total of $4.87 million to promote its chips into volume production in the defense market. The company's CEO, Hareesh Chandrasekar, expects this to occur within the next 12 months. The semiconductor sector is projected to be a $150 billion market by 2030, with a compound annual growth rate of 24% from 2023 to 2030.
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OrbitShift Nets $7 Mn To Help Businesses Streamline Sales
Inc42
·
1y ago
Medial
OrbitShift, a SaaS startup, has raised funds to grow its customer base in the US and expand its technology and product team. The company, founded in 2022, aims to help businesses enhance their sales processes and claims to reduce research and sales planning time by 40-50% while increasing sales productivity by 20-30%.
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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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TheCodeWork's revenue grows to ₹1.4 crore in FY24
Internet
·
1y ago
Medial
Assam's Koushik Debroy and Bengal's Ashish Singh met at NITMAS, graduated in 2015, and founded TheCodeWork in 2018. The company helps build and scale digital products for businesses and e-commerce enterprises using AI, Digital Twin and ERP solutions. They started with two employees and now have a 20-member team. Their revenue grew from ₹3 lakh to ₹1.4 crore in FY24.
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