🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

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

EntrackrEntrackr · 7h ago
CraftifAI secures $3 Mn in seed round led by Ankur Capital
Medial

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.

Related News

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

EntrackrEntrackr · 10m ago
Vimano raises Rs 25 Cr in seed round led by Ankur Capital
Medial

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.

Saswat Finance raises $2.6 Mn led by Ankur Capital

EntrackrEntrackr · 8m ago
Saswat Finance raises $2.6 Mn led by Ankur Capital
Medial

Saswat Finance raises $2.6 Mn led by Ankur Capital Saswat Finance, a Mumbai-based fintech platform, has raised $2.6 million in its pre-Series A funding round led by Ankur Capital. Incubate Fund Asia, an existing investor, also doubled its investment in this round. The startup previously raised seed funding from investors like Seedstars VC, Sparrow VC, and Incubate Fund Asia. The proceeds will help Saswat expand its technology capabilities, introduce new financial products, and scale operations across Maharashtra, Karnataka, and Uttar Pradesh. The funding will also be used to enhance its data and analytics infrastructure and broaden its product portfolio. Founded in 2022 by Arun Tiwari, Indrajyoti Bhattacharjee, and Ravi Ranjan Chaudhary, Saswat Finance uses proprietary technology and alternative data, such as milk production and geographic trends, to enable efficient delivery of credit, insurance, and advisory services to underserved segments. “India’s rural segments — over 65% of the population — are underserved by traditional financial services. At Saswat, we blend technology and trust to bring financial services directly to their doorstep. This funding will help us deepen our reach and scale operations,” said Arun Tiwari, CEO of Saswat Finance. Saswat claims to have onboarded over 6,000 customers and disbursed more than Rs 55 crore in asset-backed loans.

HexaHealth secures fresh funds led by Orios VP

EntrackrEntrackr · 9m ago
HexaHealth secures fresh funds led by Orios VP
Medial

Healthcare platform HexaHealth is set to raise Rs 37 crore (approximately $4.3 million) in its ongoing Series A round led by Orios Venture Partners with the participation of Enzia Ventures and existing investors including 3one4 Capital, Chiratae Ventures, and Omidyar Network. The board at HexaHealth passed a special resolution to issue 49,941 Series A3 compulsory convertible preference shares at an issue price of Rs 6,848 to raise the aforementioned sum, as per its regulatory filing. Orios Venture Partners will lead the round with an investment of Rs 12 crore, followed by Enzia Ventures contributing Rs 6 crore. Other investors, including 3one4 Capital, Chiratae Ventures, ITI Growth Opportunities Fund, and Omidyar Network, will each invest Rs 4 crore. The proceeds will be used for working capital, marketing, and general corporate purposes. Post-allotment, the company's estimated valuation is Rs 314 crore (approximately $37 million). Founded in 2021 by Vikas Chauhan, Ankur Girgas, and Aman Khanna, HexaHealth offers a full-stack solution for patients requiring surgery by partnering with leading hospitals. HexaHealth has raised $11.5 million to date, including a $4.5 million seed round in September 2021.

CRED’s competitor CheQ secures $4.5 Mn

EntrackrEntrackr · 1y ago
CRED’s competitor CheQ secures $4.5 Mn
Medial

B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an issue price of Rs 26,989 each to raise Rs 35 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. 3one4 Capital invested Rs 12.49 crore while Venture Highway Fund and Multiply Ventures pumped in 6.24 crore and 2.08 crore, respectively. Individual investors including Lloyd Dizon Balajadia, Madhav Prakash Sehth, Vishal Gupta, and Deepk Tuli have collectively put in Rs 14.2 crore. As per filings, the company will use these funds for growth, expansion, marketing, and general corporate purposes as decided by the board. In June 2022, CheQ raised $10 million in Seed funding led by Venture Highway and 3one4 Capital. Following the fresh proceeds, 3one4 Capital holds 10.95% of the company while Venture Highway and Multiply Ventures command 11.45% and 2.49% respectively. It’s worth noting that these holdings exclude employee stock options and the firm’s cap table when we factor in the ESOP pool component. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 451 crore or $55 million (post-money) in the new funding round. Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows you to pay your credit card bill, and EMI on a single platform. The startup has raised $15 million to date including its $10 million seed round led by Venture Highway and 3one4 Capital in June 2022. CheQ remained a pre-revenue stage firm with a revenue of only Rs 2 crore during the fiscal year ended March 2023. However, the losses for the three-year-old firm stood at Rs 19.4 crore in the same period. CheQ competes with fintech unicorn CRED which has secured around $1 billion to date and was valued at $6.4 billion in its last fundraise. According to the startup data intelligence platform TheKredibe, it posted Rs 1,400 crore in revenue with a loss of Rs 1,347 crore during FY23.

Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel

EntrackrEntrackr · 12d ago
Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel
Medial

Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel Martech startup Fibr AI has raised $5.7 million in a seed funding round led by Accel, with participation from WillowTree Ventures and MVP Ventures. The round also saw backing from several Fortune 100 operators as angel investors. With this, Fibr AI’s total funding stands at $7.5 million, including a $1.8 million pre-seed round raised in 2024, also led by Accel. The fresh capital will be used to enhance product capabilities and expand enterprise adoption across global markets. Founded by Ankur Goyal and Pritam Roy, Fibr AI is building an agentic web experience platform that turns websites into adaptive systems designed to respond to visitor context in real time. The platform focuses on optimising on-site experiences for both human users and AI-driven traffic. Fibr AI embeds autonomous agents into individual URLs, enabling continuous optimisation and personalisation without relying on traditional A/B testing or manual workflows. The company says this allows websites to adjust experiences dynamically based on audience, channel, and intent signals. The startup claims its enterprise customers have reported reductions in customer acquisition costs and improvements in engagement metrics. Fibr AI currently works with large enterprises across banking, financial services, telecom, and healthcare sectors.

Download the medial app to read full posts, comements and news.