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News on Medial
How MathCo Is Helping Fortune 500 Companies With Data-Driven Decision-Making
Inc42
·
1y ago
Medial
MathCo is an enterprise AI and analytics startup that offers AI-powered solutions to global enterprises to optimize their supply chain. Founded in 2016, the company helps Fortune 500 companies make data-driven decisions by providing tailored solutions to address their unique challenges. MathCo's proprietary platform, NucliOS, is used to build custom products and tools that enhance data-backed decision making. The company aims to solidify its position as a leader in data analytics, expand its market reach, and explore growth opportunities through strategic partnerships and acquisitions.
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Launching startup intelligence platform TheKredible; closes $500K seed round
Entrackr
·
1y ago
Medial
Entrackr, known for data-driven reporting on Indian startups, has launched TheKredible, a platform offering comprehensive startup data, including funding history, valuations, financial performance, and more. TheKredible aims to democratize access to such data, making it affordable and accessible. It raised $500K in a seed round and has garnered support from prominent individuals and companies in the startup ecosystem. The platform is set to redefine how businesses and investors leverage data in decision-making.
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Data-Driven Logistics: A Deep Dive Into Intelligent Automation For Operational Excellence
Inc42
·
1y ago
Medial
The logistics industry is leveraging emerging technologies such as blockchain and augmented reality to enhance data-driven operations. With the help of data analytics, IoT, AI, and machine learning, logistics companies can automate decision-making and improve efficiency throughout the supply chain. These technologies enable route optimization, predictive maintenance, inventory management, real-time visibility, and intelligent decision-making. Implementing intelligent logistics comes with challenges, but it has the potential to enhance customer experiences and drive loyalty. As emerging technologies continue to evolve, data-driven logistics will play a crucial role in the future of the industry.
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Bengaluru's Perfios becomes India's newest unicorn after raising $80 million
IndianStartupNews
·
1y ago
Medial
Bengaluru-based fintech SaaS startup Perfios has raised $80 million in a funding round led by Teachers’ Venture Growth, making the company a unicorn with a valuation of over $1 billion. The funds will be used for international expansion and technological advancements, with the aim of supporting end-to-end customer journeys across banking, insurance, and embedded commerce. Perfios is also considering inorganic growth opportunities and potentially planning a $500 million IPO on Indian bourses. The company offers software solutions to the banking, financial services, and insurance sectors, helping to streamline processes and provide data for faster decision-making.
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As growth moderates, Fractal banks on AI boom
Livemint
·
1y ago
Medial
Fractal Analytics, a software-as-a-service platform, anticipates growth driven by the global adoption of artificial intelligence (AI), despite moderated revenues last year due to economic conditions. While businesses are cautious about AI implementation, the company expects an increase in AI-driven revenue as companies worldwide seek to automate their operations and enhance efficiency. Fractal Analytics reported a 55.5% rise in total revenues in FY23 to INR 2,043 crore ($275 million) and aims to go public by the end of this year. It serves over 150 Fortune 500 companies and offers AI-driven data solutions.
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How EV startups use data to transform the $110Bn+ industry
Inc42
·
1y ago
Medial
The Indian electric vehicle (EV) market is projected to reach $110.7 billion by 2029, as EVs play a crucial role in reducing pollution and fossil fuel dependency. Data analytics is vital for maximizing EV benefits, helping to optimize vehicle performance and address operational challenges. Telematics systems and data-driven fleet management are being used to improve EV efficiency, enhance customer experience, and ensure proactive alerts for issues like driver misuse. Data insights also help manufacturers tailor services and plan for infrastructure development, such as intelligent charging networks. The future of EVs is increasingly shaped by data-informed decision-making.
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Elon Musk may be done with Delaware, but don't expect other corporations to follow his crusade
Business Insider
·
1y ago
Medial
Elon Musk recently announced that his company SpaceX is relocating from Delaware to Texas, advising other companies incorporated in Delaware to also consider moving. Musk's decision came after a Delaware judge nullified his $55 billion Tesla compensation package. However, despite Musk's warnings, experts suggest that most corporations are unlikely to leave Delaware, which is renowned for its business-friendly environment. With over 68% of Fortune 500 companies incorporated in the state and a history of favorable case law, Delaware remains an attractive location for businesses.
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Numbers Station lets business users chat with their data
TechCrunch
·
1y ago
Medial
Numbers Station, a startup utilizing large language models (LLMs), has introduced its cloud-based product, Numbers Station Cloud. The platform enables enterprise users to analyze internal data through a chat interface. Unlike other tools that translate natural language queries into SQL, Numbers Station argues that their approach is superior because their semantic catalog understands how each specific company operates and structures its data. The company plans to expand its offerings beyond data analytics to include various data-related solutions in the future. Several Fortune 500 customers, including Jones Lang LaSalle, have already joined the platform.
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Fortune 500 firms to see $5.4 billion in CrowdStrike losses: insurer Parametrix
Economic Times
·
1y ago
Medial
The recent CrowdStrike outage is expected to result in $5.4 billion in financial losses for US Fortune 500 companies (excluding Microsoft), according to insurer Parametrix. CrowdStrike's faulty software update caused widespread disruptions to internet services, impacting various industries such as airlines, banking, and healthcare. Parametrix estimates insured losses for Fortune 500 companies to range from $540 million to $1.08 billion. Despite the scale of the IT outage, the global insurance and reinsurance industry is not expected to be significantly affected, according to ratings agency Fitch.
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India’s IT sector much-awaited moment has arrived: the US Fed’s rate cut
Livemint
·
10m ago
Medial
The US Federal Reserve's half percentage point interest rate cut could benefit India's IT services sector, as it may encourage companies to increase their technology spending. The US is the largest market for India's IT services industry. Fortune 500 companies, which are clients of Indian IT services providers, have previously reduced their spending on non-essential technology. However, the rate cut is expected to revive demand for IT services. Indian IT stocks dropped on Wednesday ahead of the US rate decision, with the Nifty IT Index falling to a two-week low.
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India Needs 125 Fortune 500 Firms to Achieve $5 Trillion Target, Says Lava Founder
OutlookIndia
·
4m ago
Medial
India needs at least 125 Fortune 500 companies to bolster its economy to a $5 trillion target, according to Hari Om Rai, founder of Lava International. He emphasized the necessity of nurturing smaller firms alongside large conglomerates to achieve global competitiveness, a skilled workforce, and an equitable share of the global economy. Currently, only nine Indian companies are on the Fortune 500 list. Rai advocates for supportive policies to foster these companies' growth and skill acquisition.
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