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Device Authority Raises Further $2M in Funding

Finsmes · 1y ago

Device Authority Raises Further $2M in Funding

Device Authority, a UK and US-based company specializing in identity and access management for Enterprise IoT ecosystems, has secured an additional $2 million in funding. Prelude, an investment firm, provided the funding. The company plans to use the funds to expand its operations and development efforts. Device Authority's KeyScaler identity security platform and KeyScaler-as-a-Service (KSaaS) help organizations enhance device and data trust, reduce human error, and enable trusted AI in connected environments. CEO Darron Antill emphasized the importance of ensuring trust in devices and data and expressed gratitude for Prelude's support in advancing their solution.

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Noccarc developing critical care medical equipment raises $2M led by IAN, others

IndianStartupNews

IndianStartupNews · 1y ago

Noccarc developing critical care medical equipment raises $2M led by IAN, others

Noccarc, a medical devices startup, has secured a funding of $2 million in a round led by Indian Angel Network (IAN). The company, founded by IIT Kanpur graduates, develops and manufactures critical care medical equipment such as ICU ventilators and patient monitors. Noccarc also offers a digital platform for remote access to device data and plans to integrate AI-based services in the future. The funding will be used to accelerate growth, expand the product portfolio, and establish a sales and distribution network. Noccarc aims to tap into the growing medical devices market in India, which is expected to reach $50 billion by 2030.

Traidy Raises $2M in Funding

Finsmes · 1y ago

Traidy Raises $2M in Funding

Dubai-based company Traidy has raised $2 million in pre-seed funding led by Three Sigma Ventures and angel investors. Traidy uses AI-driven insights to enhance the investor experience, interpreting social interactions and market trends using Large Language Models (LLMs). The funds will be used to expand operations and extend its business reach. Traidy aims to simplify stock market investing and empower investors with the right tools to navigate the noise of social trading platforms.

University Medical Devices Raises $1.6M in Seed Funding

Finsmes · 1y ago

University Medical Devices Raises $1.6M in Seed Funding

University Medical Devices (UMD) has secured $1.6 million in seed funding to further develop its infrastructure and advance the production and marketing of its MicroWash device. The Omaha-based medical device developer aims to provide a less invasive alternative to nasal swabs for COVID-19 and other respiratory infections. The funding round, led by Bright Minds Capital Partners and Invest Nebraska, concluded in December 2023. UMD is working in collaboration with the University of Nebraska Medical Center and its commercialization wings UNeMed/UNeTech.

Offee revolutionising digital exams raises Rs 5.25 crore led by JIIF, BIA, Riidl

IndianStartupNews

IndianStartupNews · 1y ago

Offee revolutionising digital exams raises Rs 5.25 crore led by JIIF, BIA, Riidl

Mumbai-based edtech startup Offee, which aims to digitize paper-based college exams in India, has raised INR 5.25 crore ($700,000) in funding. The funding round was led by investors including JITO Incubation and Innovation Foundation, Bombay Industry Association, and Riidl. Offee plans to use the funding to further enhance its product development, expand its operational reach, and enter new markets. The startup offers a Bring Your Own Device (BYOD) solution that enables students to take exams digitally on their own devices, even without an internet connection.

Advance Mobility, a dynamic startup in the ridesharing mobility space, raises $2M

IndianStartupNews

IndianStartupNews · 1y ago

Advance Mobility, a dynamic startup in the ridesharing mobility space, raises $2M

Advance Mobility, a startup in the ridesharing mobility space, has raised $2 million in seed funding led by Finvolve. The company focuses on fleet operations on the Uber platform and aims to solve problems along the entire value chain. With the funding, Advance Mobility plans to expand its presence to other cities in India and currently operates a fleet of 425 CNG cars in Mumbai and Pune.

AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others

IndianStartupNews

IndianStartupNews · 1y ago

AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others

AI-powered edtech startup Shaktimaan.ai has raised $2 million in a seed funding round led by YCombinator, Fundersclub, Goodwater Capital, Misbah and Nishchay (Founders of Jar), along with other angel investors.

Zvolv enabling enterprises deploy AI and automation features raises $2M in funding

IndianStartupNews

IndianStartupNews · 1y ago

Zvolv enabling enterprises deploy AI and automation features raises $2M in funding

Hyperautomation startup Zvolv has secured $2 million in a funding round led by Silverneedle Ventures. Founded in 2018 by former Apple and Texas Instruments employees, Zvolv offers a low-code/no-code hyperautomation platform that enables businesses to integrate AI and automation into their products and services. The funding will be used to enhance its offerings and expand its market presence, particularly in the US. Zvolv also plans to collaborate with resellers and target the healthcare sector.

Doorstep diesel delivery startup The Fuel Delivery raises $2M in funding

IndianStartupNews

IndianStartupNews · 1y ago

Doorstep diesel delivery startup The Fuel Delivery raises $2M in funding

Mumbai-based doorstep diesel delivery startup The Fuel Delivery (TFD) has raised $2 million as part of a pre-Series A funding round led by Singapore-based Drake Trade and Investment. The startup specializes in doorstep diesel delivery services. The investment is expected to fuel the company's expansion plans and enhance its operations to meet the growing demand for convenient and efficient fuel delivery services in the market.

Purpose-driven e-commerce platform Meolaa raises $2M led by Turbostart

IndianStartupNews

IndianStartupNews · 1y ago

Purpose-driven e-commerce platform Meolaa raises $2M led by Turbostart

Mumbai-based e-commerce platform Meolaa has raised $2 million in a seed funding round led by Turbostart. The startup, which offers sustainable consumer products, plans to use the funds to expand its team and continue its growth. Meolaa offers a range of sustainability-focused products including beauty, home improvement, baby care, personal care, and apparel. The company claims to have over 1,500 brands and a selection of more than 125,000 products across six categories.

Casual puzzle gaming studio QuriousBit raises $2M led by Lumikai, General Catalysts

IndianStartupNews

IndianStartupNews · 1y ago

Casual puzzle gaming studio QuriousBit raises $2M led by Lumikai, General Catalysts

Indian gaming studio QuriousBit has raised $2 million in funding led by Lumikai and General Catalyst. The company, founded by Ramakrishna Reddy Y L and Shubham Joshi, aims to create innovative puzzle games built in India for a global audience. With a track record of over 125 million game installations and revenue exceeding $350 million, the founders plan to curate a talented team and focus on high-quality casual mobile gaming. The global mobile casual games market is projected to reach $25 billion in 2027, and QuriousBit aims to disrupt the puzzle genre with new gameplay mechanics and deeper narratives.

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