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Deepset secures $30M to expand its LLM-focused MLOps offerings

TechCrunch · 2y ago

Deepset secures $30M to expand its LLM-focused MLOps offerings

Deepset secures $30 million in funding, led by Balderton Capital with GV and Harpoon Ventures participating. The platform enables enterprise app development using large language models like ChatGPT. Funding will expand products and services, and the team from 50 to 70-75. CEO Milos Rusic notes shifting industry focus to AI factories and successful product delivery. Deepset's Deepset Cloud addresses LLM issues, including hallucination, enhancing AI development within the enterprise.

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Rabbitt AI raises $2.1 Mn in seed round

Entrackr

Entrackr · 1y ago

Rabbitt AI raises $2.1 Mn in seed round

Rabbitt AI, a generative AI solutions firm, has raised $2.1 million in its seed round led by TechCurators and various angel investors. Rabbitt AI provides tools for businesses to build and deploy AI applications, including custom LLM development, RAG fine-tuning, and data-centric AI. Its platform offers a robust suite of tools, including core generative AI capabilities, custom LLM development, RAG fine-tuning, data-centric AI, MLOps integration, and voice bot AI agents. By combining these features, Rabbitt AI enables businesses to create powerful AI solutions tailored to their specific needs. TechCurators is the flagship company of the TC Group of companies, a global leader in education, e-learning, assessment, HR tech, cybersecurity, cloud development, and generative AI.

Confectionary brand Go Desi secures Series B funding

VCCircle

VCCircle · 1y ago

Bengaluru-based confectionary brand Go Desi has secured $4.9 million in a Series B funding round led by Aavishkar Capital. The company plans to use the funds to expand its business geographically, increase its product offerings, and strengthen its capacity. Go Desi, known for its regional treats, will also focus on marketing and expanding its distribution reach. This investment marks Aavishkar Capital's seventh investment from its India-focused fund. Go Desi had previously raised INR 39 crore across previous funding rounds.

Building Asia’s Future: Omni HR Secures USD 7.4mn for HR Tech Expansion

Livemint

Livemint · 8m ago

Building Asia’s Future: Omni HR Secures USD 7.4mn for HR Tech Expansion

Omni HR, an Asia-focused employee management platform, has recently raised $7.4 million in funding, bringing its total funding to $9.8 million. The company provides a data-driven workspace that automates tasks, manages teams, and handles multi-country payroll for HR teams. It addresses the challenge faced by companies in Asia, offering a platform that understands and meets local needs while providing modern capabilities. The funding will be used to expand product offerings and scale up localization efforts, targeting the growing demand for HR solutions in the Asia Pacific region. Omni HR has gained recognition for its comprehensive HR management platform and has notable clients including Endowus, Funding Societies, and IHRP.

Pepper Secures $30M Funding Led by ICONIQ Growth with

deepnewz

deepnewz · 1y ago

Pepper Secures $30M Funding Led by ICONIQ Growth with

Pepper, a crucial tool for restaurants transitioning to digital interactions, has secured Series B funding. Greylock, the venture capital firm, has been supporting Pepper since its seed stage. This investment highlights the growing significance of technology in the restaurant industry.

India Will Have Nearly 20X More Computing Infra By Year End: NVIDIA CEO

Inc42 · 9m ago

India Will Have Nearly 20X More Computing Infra By Year End: NVIDIA CEO

NVIDIA's partnership with Yoda, VTE, and Tonic Communication is driving growth in building computing infrastructure in India. The company is focused on building LLM models in Indian languages, which is challenging due to the country's linguistic diversity. NVIDIA has been collaborating with local partners to develop a Hindi LLM.

Skydo secures RBI licence to offer cross-border payments

Economic Times

Economic Times · 6m ago

Skydo secures RBI licence to offer cross-border payments

Skydo Technologies, a Bengaluru-based cross-border payments company, has received in-principle approval from the Reserve Bank of India to operate as a Payment Aggregator-Cross Border entity. With this license, Skydo plans to expand its offerings, simplify cross-border payments for over 12,000 Indian exporters, and increase its payments volume significantly. Additionally, it has secured Payment Service Provider approval from Amazon, enhancing its services for exporters in Amazon's Global Selling program. The company aims to broaden its operations to include credit and treasury services.

What are Carlyle-backed Sequent Scientific’s plans after recent merger announcement?

VCCircle

VCCircle · 10m ago

What are Carlyle-backed Sequent Scientific’s plans after recent merger announcement?

Private equity firm Carlyle-controlled Sequent Scientific plans to create a larger platform focused on animal health through its recent merger announcement with API manufacturer Viyash Life Sciences. Both companies are part of Carlyle's portfolio. The merger aims to strengthen their presence in the animal health sector and expand their offerings.

Mobility Startup IntrCity Secures $4.4 Mn To Grow Traveller Base

Inc42 · 1y ago

Mobility Startup IntrCity Secures $4.4 Mn To Grow Traveller Base

Mobility startup IntrCity has raised INR 37 crore (approximately $4.4 million) in its Series C funding round led by Mirabilis Investment Trust. The funds will be used to enhance product offerings, accelerate user acquisition, and expand its services on Tier 2 and Tier 3 routes across India. IntrCity, a subsidiary of Stelling Technologies which also houses the RailYatri brand, has partnerships with over 30 bus operators and operates on more than 650 routes in the country. With previous funding amounting to $35 million, the startup aims to maintain its growth momentum in the coming year.

Instant loan provider Yenmo secures fresh funding from Y Combinator, other investors

VCCircle

VCCircle · 5m ago

Instant loan provider Yenmo secures fresh funding from Y Combinator, other investors

Yenmo, backed by Y Combinator, has secured over $1 million in funding from Y Combinator, Pioneer Fund, Zaka VC, and angel investors. The funds will help Yenmo expand its product offerings, including new secured lending products and a savings account with higher interest rates and better liquidity access. Yenmo also plans to enhance its digital platform for a seamless loan process, aiming for market growth through infrastructure expansion and a skilled team.

Has a new China-based AI model beaten Silicon Valley’s LLMs?

Economic Times

Economic Times · 1y ago

Has a new China-based AI model beaten Silicon Valley’s LLMs?

China-based AI startup 01.AI has achieved unicorn status with a valuation of $1 billion in less than eight months since its inception. The company has released its new large language model (LLM), Yi-34B, which outperforms Silicon Valley models on key metrics. Trained on 34 billion parameters, Yi-34B is an open-source model available to developers in Chinese and English. The model ranked first among pre-trained base LLMs, surpassing models from Meta and others. 01.AI aims to provide a superior alternative not only for the Chinese market but globally. The company plans to release more models in the future and expand its offerings to languages beyond Chinese and English.

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