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How AI Startup Fireflies Is Transforming Workplace Meetings For 10 Mn+ Users Across 100+ Countries

Inc42Inc42 · 1y ago
How AI Startup Fireflies Is Transforming Workplace Meetings For 10 Mn+ Users Across 100+ Countries
Medial

Fireflies.ai, an AI meeting assistant startup, offers a platform that records, transcribes, and summarizes in-person meetings and video conferences. Through its web interface and mobile app, Fireflies.ai can integrate with major conferencing platforms and sync vital information to various business applications. The platform provides accurate transcriptions and meeting summaries, enhances collaboration and workplace productivity, and offers smart search functionality. With users in 70% of Fortune 500 companies, Fireflies.ai raised $20 million from investors including Canaan Partners and Khosla Ventures. The global market for AI meeting assistants is expected to reach $17.3 billion by 2032.

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illumine raises $2.5 Mn seed funding round led by Prime Venture Partners

EntrackrEntrackr · 29d ago
illumine raises $2.5 Mn seed funding round led by Prime Venture Partners
Medial

illumine, a startup transforming early childhood education through AI, has raised $2.5 million in a seed funding round led by Prime Venture Partners. The Bengaluru-based company had previously raised $779K in the same round. The proceeds will be utilized to accelerate its product development and international expansion. Co-founded in 2018 by Navneet Rastogi, Purva Goyal, and Sourabh Agarwal, illumine is a full-stack childcare management platform. It addresses the hassles of disjointed systems and outdated manual processes associated with childcare education. The company solves this by offering a vertical AI SaaS platform built specifically for childcare. The startup claims that its platform has been used by more than 3,000 centres across 56 countries, including the U.S., UAE, Southeast Asia, Europe, and India.

DCDC Health Services raises nearly $10 Mn from BII

EntrackrEntrackr · 7m ago
DCDC Health Services raises nearly $10 Mn from BII
Medial

DCDC Health services private limited (DCDC), operating dialysis centers under its brand DCDC Kidney Care, has secured a strategic investment of Rs 82 crore (nearly $10 million) from British International Investment (BII), the UK’s development finance institution and impact investor. The proceeds will be used to deliver critical, life-saving dialysis treatments to low-income patients suffering from end-stage renal disease (ESRD). DCDC operates dialysis clinics in public-private partnership (PPP) arrangements with state governments. It provides treatments to economically weaker sections of the population. The startup claims to have a rollout of 900 dialysis machines in over 100 centers over the next three years. It is expected to reach over 15,000 unique patients, the majority of whom are low-income. This will also create around 1,000 direct jobs. According to BII, at least 30% of its total new commitments by value will be allocated to climate finance between 2022 and 2026. The company currently holds investments in over 1,580 businesses across 65 countries.

FINQY raises $2 Mn in fresh round

EntrackrEntrackr · 11m ago
FINQY raises $2 Mn in fresh round
Medial

Fintech startup FINQY has raised $2 million in a new round from Angel Bay India Accelerator, Family Offices and private investors. Earlier in March 2022, the firm had raised $839K in its seed round from Anvita Varshney, AngelBay and others. The proceeds will be used to advance financial services distribution in India through its technology and strategic growth initiatives. Founded in 2019 by Manish Aggarwal, FINQY enables its partners to offer their customers a wide range of financial products. These include credit cards, insurance, investments and loans, as well as easy upsell and X-sell opportunities among these products. The startup helps streamline complex financial decisions across credit cards, insurance, and loans but also significantly enhance customer engagement and facilitate informed decision-making FINQY operates out of 30 offices across 24 cities and 2 countries with the support of over 100 financial and banking partners. It claims to have achieved a revenue milestone of $9.8 million in FY24.

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