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GenAI platform Kore.ai secures $150 million in funding led by FTV Capital

Economic Times

Economic Times · 1y ago

GenAI platform Kore.ai secures $150 million in funding led by FTV Capital

Kore.ai, an enterprise conversational and generative AI platform, has secured $150 million in funding led by FTV Capital. The funding round also saw participation from Nvidia and existing investors. The funds will be used to accelerate market expansion and innovation in AI for the company, which currently automates 450 million interactions a day for millions of consumers and enterprise users worldwide.

Related News

SiMa.ai secures $70M funding to introduce a multimodal GenAI chip

TechCrunch · 1y ago

SiMa.ai secures $70M funding to introduce a multimodal GenAI chip

SiMa.ai has raised a $70 million extension funding round as it prepares to bring its second-generation chipset for multimodal generative AI processing to market. The startup aims to provide its edge AI system-on-chip (SoC) to various industries like manufacturing, retail, aerospace, defense, agriculture, and healthcare. SiMa.ai's first-generation ML SoC has already been used by over 50 companies worldwide and has delivered strong performance in computer vision. The upcoming second-generation GenAI SoC will offer compatibility with various frameworks, networks, models, and sensors, supporting computer vision, transformers, and multimodal GenAI. The funding round was led by Maverick Capital, raising SiMa.ai's total funding to $270 million.

Easy Home Finance secures $35 million from Claypond Capital, others

Economic Times

Economic Times · 9m ago

Easy Home Finance secures $35 million from Claypond Capital, others

Easy Home Finance, a home financing startup, has raised $35 million in a funding round led by Claypond Capital and Sumitomo Mitsui Banking Corporation's Asia Rising Fund. The company aims to cater to the segment of the population in India that needs home loans between Rs 10 lakh and Rs 50 lakh. With the new funds, Easy Home Finance plans to expand its assets under management to $300 million and increase its presence to 150 locations. The company utilizes digital data and government sources for efficient loan processes and offers instant sanctions through its app.

Aim Security Raises $10M in Seed Funding

Finsmes · 1y ago

Aim Security, a Tel Aviv-based cybersecurity startup, has secured $10 million in seed funding. Led by YL Ventures and supported by investors from Google, Proofpoint, and Palo Alto Networks, the funding will be used to expand the company's operations and development efforts. Aim Security offers a GenAI security platform that helps enterprises securely adopt artificial intelligence technology without compromising on security. The platform allows security leaders to provide proactive protection for all use cases and ensure the integrity of GenAI tools and third-party applications.

Sugar.fit secures additional $5M in Series A

Inshorts · 1y ago

Sugar.fit secures additional $5M in Series A

Healthtech startup Sugar.fit has secured an additional $5 million in Series A funding led by B Capital, bringing the total funding raised in the round to $16 million. Existing investors MassMutual Ventures, Tanglin Venture Partners, Endiya Partners, and Cure.Fit also participated in the round.

GMO Venture, Elevation, Inventus, Matrix Partners, Finvolve lead rounds in five startups

VCCircle

VCCircle · 1y ago

GMO Venture, Elevation, Inventus, Matrix Partners, Finvolve lead rounds in five startups

Five startups have secured early-stage funding from investors such as GMO Venture Partners, Elevation Capital, Inventus Capital, Matrix Partners, and Finvolve. Oto, a two-wheeler financing platform, raised $10 million in a round led by GMO Venture Partners. Content commerce platform Wishlink raised $7 million in a Series A round led by Fundamentum Partnership. Senior citizen care platform Khyaal secured $4.2 million in a seed funding round co-led by 62Ventures, SVQuad, and Inventus Capital. Ride-sharing app Advance Mobility raised $2 million led by Finvolve. Adtech startup Adster raised $1 million in seed funding from WaterBridge Ventures.

Fintech Healthcare Platform CoverSelf Secures $8.2 Million in Seed Funding Round

Business Bytes

Business Bytes · 1y ago

Fintech Healthcare Platform CoverSelf Secures $8.2 Million in Seed Funding Round

CoverSelf, a fintech healthcare platform, has raised $8.2 million in a seed funding round led by BEENEXT and 3one4 Capital. The funding round also saw participation from healthcare industry players and Z21 Ventures. CoverSelf aims to revolutionize healthcare financing by providing innovative solutions for managing healthcare expenses. The funding will support the platform's expansion efforts and further establish its position in the intersection of fintech and healthtech. This funding round highlights the increasing interest and potential in the intersection of finance and healthcare.

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

TechCrunch · 1y 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.

Juspay secures $60 million from Kedaara Capital, others

Economic Times

Economic Times · 4m ago

Juspay secures $60 million from Kedaara Capital, others

Juspay, a Bengaluru-based payment aggregator, raised $60 million in a funding round led by Kedaara Capital, with participation from SoftBank and Accel. The investment includes primary and secondary components. The company is expanding its operations globally and enhancing AI capabilities to improve workforce productivity and merchant experience. Despite controversy with industry peers over its payment orchestration platform, Juspay continues to offer services to over 500 enterprises, handling 200 million transactions daily and $900 billion annually.

FloLive Secures $47 Million to Transform Cellular Connectivity for Enterprises

Robots · 1y ago

FloLive Secures $47 Million to Transform Cellular Connectivity for Enterprises

London-based startup FloLive has secured $47 million in funding to enhance its platform for efficient cellular connectivity management. FloLive's technology simplifies data management, eliminates the need for roaming agreements, and offers superior performance compared to traditional solutions. The platform enables enterprise end-users to manage cellular connectivity across 220 countries, covering various cellular networks. The funding, co-led by Greenfield Partners and 83North, along with other investors like Qualcomm Ventures and Dell Technologies Capital, will help FloLive continue its expansion and innovation in the IoT connectivity market.

Real-time flight rewards search engine Point.me secures $10M in funding

Robots · 1y ago

Real-time flight rewards search engine Point.me secures $10M in funding

Point.me, a real-time flight rewards search engine and concierge service, has secured $10 million in Series A funding to improve its platform. The funding round, led by Thayer Ventures and featuring participation from PAR Capital Ventures, RiverPark Ventures, Plug and Play Ventures, and MoreThanCapital, brings Point.me's total funding to $12 million. The platform simplifies the process of redeeming travel rewards, boasting over 1.5 million users and 7.8 million searches since its launch in early 2022. The funds will be used to expand partnerships with card issuers, enhance the concierge service, and develop data-driven analytics capabilities. Point.me aims to become a comprehensive loyalty management site for travelers, leveraging data-driven insights and AI algorithms to enhance the redemption experience.

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