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CraftifAI raises $3 million from Ankur Capital, others - The Economic Times

Economic Times

Economic Times · 3h ago

CraftifAI raises $3 million from Ankur Capital, others - The Economic Times

CraftifAI, a software firm focused on tools for engineers working with embedded systems, has secured $3 million in seed funding led by Ankur Capital, with participation from IvyCap Ventures, Capital-A, and Antler. Founded by Pratik Sharda and Yashwant Dagar, the company aims to streamline embedded software development with an AI-powered platform. The funds will expand its teams and enhance its global market presence in embedded, edge, and IoT sectors.

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CraftifAI secures $3 Mn in seed round led by Ankur Capital

Entrackr

Entrackr · 5h ago

CraftifAI secures $3 Mn in seed round led by Ankur Capital

Snippets CraftifAI secures $3 Mn in seed round led by Ankur Capital Multi-agent GenAI-powered platform CraftifAI has raised $3 million (approximately Rs 27.2 crore) in a seed funding round led by Ankur Capital, along with participation from IvyCap Ventures, Capital-A, Antler, and others. The fresh funds will be utilised to scale hiring across engineering and go-to-market teams and expand its footprint across global markets, CraftifAI said in a press release. Co-founded in 2025 by Pratik Sharda and Yashwant Dagar, CraftifAI is an innovative R&D company focused on Generative AI-powered, silicon-agnostic platforms for embedded systems, IoT, and Edge AI. It enables faster and more cost-effective development for robotics, drones, and automation. The Bengaluru-based startup aims to empower embedded product development by accelerating the creation of software and AI models for edge devices. The startup’s core technology is a Generative AI (GenAI) and Agentic AI workflow that supports model optimisation, quantisation, and deployment for Edge AI systems. CraftifAI targets industries such as IoT, robotics, surveillance, industrial automation, and autonomous systems. It provides tools for rapid development, reducing time to market for hardware manufacturers. The platform supports a wide range of frameworks, including GStreamer, ROS2, Android, and Agentic AI. The platform consolidates fragmented toolchains into a single AI-driven workflow, automating the embedded software lifecycle. It supports end-to-end product design, development, and manufacturing, enabling clients to transform their ideas into market-ready hardware with greater speed and accuracy. CraftifAI said it has secured pilots with several Indian original equipment manufacturers (OEMs) across robotics, drones, IoT, and AI camera domains, as well as a semiconductor company listed in the US.

Vimano raises Rs 25 Cr in seed round led by Ankur Capital

Entrackr

Entrackr · 10m ago

Vimano raises Rs 25 Cr in seed round led by Ankur Capital

Vimano raises Rs 25 Cr in seed round led by Ankur Capital Nanotechnology startup Vimano has raised Rs 25 crore (around $3 million) in its seed round led by Ankur Capital. This is the first investment from Ankur Capital’s new third fund. The proceeds will be used to help them grow their team, start pilot projects, and set up manufacturing. Started in 2019 by Murari Ramkumar and Dr. Nagesh Kini, Vimano makes special membranes used in energy systems like redox flow batteries, fuel cells, and green hydrogen production. These membranes help store and use energy more efficiently. Its technology aims to reduce the cost of green hydrogen and make long-term energy storage cheaper. Vimano works on clean energy problems by making special materials that help electricity flow better. Its membrane technology can be changed to fit different uses, making it more useful and powerful. These membranes also waste less energy and last longer than many others available today. The startup is working with partners in the energy space to test and use its tech in real-world projects. According to Vimano, it aspires to speed up the shift to green energy and support industries looking for better ways to store and use clean power. In August last year, Ankur Capital had received commitments from two of its existing Limited Partners into its third fund. Since its inception, the VC firm has been backing deep technology innovations companies such as Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab, BigHaat, Cropin, and Niramai.

Battery tech startup Offgrid Energy Labs raises $15 million in round led by Archean Chemical Industries - The Economic Times

Economic Times

Economic Times · 5m ago

Battery tech startup Offgrid Energy Labs raises $15 million in round led by Archean Chemical Industries - The Economic Times

Offgrid Energy Labs, a Noida-based battery technology startup, raised $15 million in a funding round led by Archean Chemical Industries, with participation from Ankur Capital. The funds will establish a pilot manufacturing facility in the UK, expand R&D, and commercialize zincgel batteries aimed at reducing reliance on lithium-ion solutions. Founded in 2018, the company focuses on zinc-bromine gel batteries for stationary storage markets and plans to extend its reach beyond India and Europe.

AI software developer Replit raises $250 million at $3 billion valuation - The Economic Times

Economic Times

Economic Times · 5m ago

AI software developer Replit raises $250 million at $3 billion valuation - The Economic Times

AI software developer platform Replit has raised $250 million in a funding round, valuing the company at $3 billion, supported by investors like Prysm Capital, Google's AI Futures Fund, and Amex Ventures. Replit, which increased its annualized revenue from $2.8 million to $150 million in under a year, launched Agent 3, a tool for testing and fixing code. It follows a trend of rising valuations in AI startups, particularly in code-generation.

EV motor startup Naxatra Labs raises $3 million led by Zerodha's Rainmatter, angel investors - The Economic Times

Economic Times

Economic Times · 1m ago

EV motor startup Naxatra Labs raises $3 million led by Zerodha's Rainmatter, angel investors - The Economic Times

Naxatra Labs, a startup specializing in electric vehicle and industrial motors, has raised $3 million in funding led by Zerodha’s Rainmatter. The funding round included prominent angel investors and entrepreneurs such as Mohit Tandon, Vijay Shekhar Sharma, and others. The capital aims to enhance motor platform development, expand teams, and boost production capacity to 50,000 motors monthly. The investment aligns with India’s growing electrification and manufacturing capabilities, marking Naxatra's potential for significant domestic and international growth.

Fintech startup Zynk raises $5 million from Hivemind Capital, others - The Economic Times

Economic Times

Economic Times · 3m ago

Fintech startup Zynk raises $5 million from Hivemind Capital, others - The Economic Times

Fintech startup Zynk has secured $5 million in a funding round led by Hivemind Capital, with contributions from Alliance DAO, Coinbase Ventures, and others. Based in Hyderabad, Zynk aims to enhance its cross-border fintech infrastructure by expanding partnerships and refining its compliance framework. Founded by ex-Amazon Pay CTO Manish Bhatia and others, Zynk facilitates instant B2B cross-border transactions through a technology platform, partnering with financial institutions to provide liquidity during transactions without requiring pre-funding.

Magma raises $3 million led by GVFL; Capria Ventures, others also contributed - The Economic Times

Economic Times

Economic Times · 2m ago

Magma raises $3 million led by GVFL; Capria Ventures, others also contributed - The Economic Times

Magma, a B2B industrial solutions provider, raised $3 million led by GVFL, Capria Ventures, and others, closing the funding round at $8 million. Total funding reached $11.3 million. Founded in 2022, Magma focuses on precision manufacturing, green energy, and waste management solutions, targeting significant growth across Indian states. The funds will expand operations, strengthen its network, and enhance factory solutions. Magma aims for a revenue run rate of Rs 1,000 crore within 18 months.

August AI raises $3 million funding from Accel, Claypond Capital - The Economic Times

Economic Times

Economic Times · 4m ago

August AI raises $3 million funding from Accel, Claypond Capital - The Economic Times

Healthtech platform August AI raised $3 million from Accel and Claypond Capital. Founded in 2022, the company provides an AI-powered chatbot assisting users with medical queries. The platform helps in symptom analysis and report interpretation and plans to expand its user base and medical database. Available in vernacular languages, August AI serves over 3.5 million users globally and intends to enter the US market, leveraging a network of doctors and partnerships with Indian hospitals.

Asigna Raises $3 Million Seed Round Led by Hivemind Capital, Tykhe Ventures for Non-Custodial Multisig Vault Platform Launching Unified Lending | DeepNewz VC

Business Bytes

Business Bytes · 8m ago

Asigna Raises $3 Million Seed Round Led by Hivemind Capital, Tykhe Ventures for Non-Custodial Multisig Vault Platform Launching Unified Lending | DeepNewz VC

Asigna, a non-custodial multisig vault platform, has successfully raised $3 million in a seed funding round. The investment was led by Hivemind Capital and Tykhe Ventures, with participation from Sats Ventures, Trust Machines, and others.

UK delivery startup Hived raises $42 million to expand network - The Economic Times

Economic Times

Economic Times · 7m ago

UK delivery startup Hived raises $42 million to expand network - The Economic Times

UK parcel delivery startup Hived has raised $42 million in a Series B funding round to expand its operations across Britain. Led by NordicNinja, with contributions from Wex Venture Capital and others, the funds will help Hived increase its AI-driven, electric vehicle fleet's service area. Currently serving retailers like John Lewis and Zara, Hived aims to cover 80% of the UK in two years and may consider international technology licensing.

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