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Y Combinator-backed CureSkin raises $20 Mn led by Healthquad

EntrackrEntrackr · 1y ago
Y Combinator-backed CureSkin raises $20 Mn led by Healthquad
Medial

CureSkin, a beauty and personal care brand, has raised $20 million in a Series B funding round led by Healthquad. The round also saw participation from JSW Ventures, Khosla Ventures, and Sharrp Ventures. The company has raised $26 million to date including a $5 million Series A in March 2022. It was a part of Y Combinator Summer Batch in 2017. The new funds will be utilised to enhance AI capabilities further and broaden its range of solution offerings, CureSkin said in a press release. Founded in 2017 by Guna Kakulapati, Ramakrishna Rajanna and Dr Charu Sharma, CureSkin uses tech to analyze users’ skin conditions such as acne, hyperpigmentation, and hair loss with high accuracy and recommends a personalized treatment kit and care plan. The Bengaluru-based company has helped over 1.5 million users and uses more than 10 million skin pixels to determine up to 2,000 facial attributes to understand the concerns of users. Cureskin also said that about 80% of the company’s existing users are in tier II and III cities. Cureskin registered Rs 35.46 crore in revenue from operations in FY23 against Rs 2.57 crore in total revenue in FY22, according to startup data intelligence platform TheKredible. During the period, its losses also jumped to Rs 28 crore from Rs 2.57 crore. As of Series A round, the company’s chief executive Kakulapati had 28% stake in the firm followed by Rajanna who held 12% of the company. Among the investors, JSW Ventures had 10.4% stake whereas Khosla Ventures acquired 8% in the firm during the last round. Check TheKredible for more details. Cureskin competes with a clutch of companies including Clinikally, which was also a part of Y Combinator’s accelerator program and raised $2.6 million in September last year.

Generative AI startup Ayna secures $1.5 Mn in seed round

EntrackrEntrackr · 1y ago
Generative AI startup Ayna secures $1.5 Mn in seed round
Medial

Bengauru-based generative AI startup Ayna has raised $1.5 million in seed funding led by early stage investment platform Inflexor Ventures. The funding will be used to expand Ayna’s AI capabilities, scale its team, and accelerate its mission to make high-quality product photography accessible to businesses of all sizes, the company said in a press release. Co-founded by Aastha Rajpal and Yash Bansal, Ayna empowers brands like Reliance Retail’s Clovia, Wakefit, WomanLikeU, and others to create studio-quality product photoshoots at scale, without the need for physical photoshoots. Unlike traditional methods or basic AI solutions, Ayna’s proprietary compound foundational models (CFMs) give brands granular control over every detail of their product image. According to Ayna, its generative AI eliminates costly overhead, lengthy turnaround times, and creative limitations, allowing brands to optimize product visuals for maximum conversion. In the past six months, Generative AI startups have managed to mope up nearly $100 million. The list includes Sarvam AI, Ema, Neysa, Vodex, and KonProz, among others.

Postudio raises $1 Mn in pre-Seed funding

EntrackrEntrackr · 5m ago
Postudio raises $1 Mn in pre-Seed funding
Medial

Snippets Postudio raises $1 Mn in pre-Seed funding The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Gyan Vardhan 21 Jan 2025 13:08 IST Cloud-based post-production software company Postudio has raised $1 million in a pre-seed funding round led by Audacity Venture Capital. The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Founded by media veterans Dhawal Gusain and Harish Prabhu, Postudio offers a web-based platform that enhances post-production workflows with features like virtual editing, real-time collaboration, and AI-driven content localization. In under two years, Postudio has crossed the $1 million ARR milestone and aims to double its revenue in 2025, driven by rising demand for remote collaboration and a focus on affordability and data security. According to Postudio, its innovative platform has been rapidly adopted by media enterprises and independent production houses in India. The company is now poised for global expansion, aiming to redefine the post-production industry with scalable, cloud-based solutions that offer significant cost savings and enhanced security. The firm added that major media enterprises have achieved 20-40% savings by adopting Postudio, which provides easy implementation, user-friendly design, and enhanced security for content protection.

Edtech Startup SiglQ.ai secures $9.5 Mn in Seed funding

EntrackrEntrackr · 3m ago
Edtech Startup SiglQ.ai secures $9.5 Mn in Seed funding
Medial

Edtech startup SiglQ.ai has raised $9.5 million in a seed funding round co-led by The House Fund and GSV Ventures, with participation from Duolingo, General Catalyst India (Venture Highway), Peak XV Partners, Calibrate Ventures, and a group of angel investors, including Perplexity co-founder Andy Konwinski, Christian Storm, Trevor Darrell, Jitendra Malik, Srini Devadas, Sharad Malik, among others. The funds will be used to accelerate hiring top talent, enhance its AI models, and scale its platforms to educational systems worldwide, SiglQ.ai said in a press release. Founded in 2023 by Karttikeya Mangalam and Kurt Keutzer, SiglQ.ai develops AI-powered learning tools that offer personalized education at scale. Its flagship products, PadhAI and EverTutor.ai, currently serve hundreds of thousands of students globally, with a mission to transform the future of education. After 18 months in stealth mode, the company has emerged with two live products—PadhAI and EverTutor.ai—targeting the U.S. and Indian higher education markets. Notably, the company claims that PadhAI Tutor ranked #1 nationally in the live UPSC 2024 Civil Service Exam, outperforming over 1.3 million human candidates and surpassing AI systems such as ChatGPT and Claude. SiglQ.ai also states that PadhAI has rapidly gained momentum, attracting over 200,000 UPSC aspirants in India. Meanwhile, EverTutor.ai, tailored for GRE preparation, has drawn more than 10,000 users within just three months of launch. Looking ahead, SiglQ.ai plans to further expand EverTutor’s reach, supporting GRE aspirants through the upcoming spring and fall exam cycles. The company is also set to showcase the latest advancements in EverTutor and PadhAI at ASU+GSV, reinforcing its position as a leader in AI-driven education.

BYTES secures funding from Nikhil Kamath’s WTFund

EntrackrEntrackr · 5m ago
BYTES secures funding from Nikhil Kamath’s WTFund
Medial

Snippets BYTES secures funding from Nikhil Kamath’s WTFund BYTES, an AI-powered ADAS for two-wheeler mobility, has emerged from stealth mode and secured funding from Nikhil Kamath’s WTFund as part of its second cohort for 2024. The company has secured a ₹20 lakh non-dilutive grant to accelerate its aim of enhancing road safety through cutting-edge AI and computer vision technology. The fresh funds will be used to launch pilot programs with leading two-wheeler OEMs, integrating its AI safety system into real-world use cases, BYTES said in a press release. Launched in August 2024 by Prakhar Agrawal and Aayush Kumar, BYTES builds an AI-powered Advanced Driver Assistance System (ADAS) for two-wheeler mobility. Their proprietary vision technology and advanced AI models provide real-time alerts and can take partial control in critical moments, helping riders avoid accidents. According to the Bengaluru based company, it has recently launched an advanced driver assistance system (ADAS) for two-wheelers. The company is backed by WTFund, IIMB’s NSRCEL (an incubator for startups and entrepreneurs), NVIDIA’s Inception Program for Startups, Microsoft for Startups, and the Wadhwani Foundation. As per market research, every year, over 50 million road accidents occur globally, with two-wheelers accounting for 60% of them. Human error contributes to 90% of these crashes, and the absence of robust safety features increases the risk of fatality by 40%. BYTES aspires to create a future where no two-wheeler accident results in a preventable loss of life. The company focuses on bridging the safety gap for two-wheelers with a scalable, technology-first approach. WTFund provides up to Rs 20 lakh in grant funding, along with mentorship and strategic partnerships, to help startups scale their impact.

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