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News on Medial
Lightspeed, Accel invest in AI-led research startup
VCCircle
·
5m ago
Medial
Bridgetown Research, an AI-led research startup, has raised $19 million in a Series A round led by Lightspeed and Accel, with participation from an undisclosed major research university. Founded by Harsh Sahai in 2023, the Seattle-based company develops AI agents for autonomous research, aiding private equity and consulting professionals. These AI agents include voice bots for industry expert interviews. The startup claims its platform accelerates decision-making processes, benefiting private equity and venture capital firms.
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SaaS startup Bridgetown Research raises $19 million in funding round led by Lightspeed and Accel
Economic Times
·
5m ago
Medial
Bridgetown Research, a SaaS startup, secured $19 million in funding led by Lightspeed and Accel. The funds will enhance AI training for varied analyses, bolster R&D, and expand partnerships. Bridgetown aims to fill a market gap between expensive consulting firms and affordable report generators. Founded in 2024, the Seattle-based company employs AI agents to offer strategic business insights, primarily serving consulting, private equity, and corporate teams. Most revenue stems from the US and UK markets.
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Qure.ai Eyes Up To $60 Mn Funding To Push Its Radiology Diagnosis Play
Inc42
·
11m ago
Medial
Mumbai-based medtech startup Qure.ai is planning to raise $50-60 million in a funding round led by Lightspeed. The round is expected to include a secondary deal along with primary capital from existing investors. Lightspeed is looking to invest $20-25 million and may also purchase some secondary shares.
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Simplismart Bags $7 Mn To Simplify AI Adoption For Enterprises
Inc42
·
10m ago
Medial
Simplismart, a startup in the AI space, has raised funding in a round led by Accel. Other participants include Shastra VC and Titan Capital. The company plans to use the funds to support its research and development efforts and fuel its growth. Simplismart offers a platform that helps enterprises streamline AI adoption, offering a combination of high performance and cost-effectiveness. The company was founded in 2022.
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Agentic AI startup Composio raises $25 million in funding round led by Lightspeed Venture Partners - The Economic Times
Economic Times
·
1m ago
Medial
San Francisco-based agentic AI startup Composio raised $25 million in a funding round led by Lightspeed Venture Partners, with contributions from Elevation Capital, Girish Mathrubootham's Together Fund, and several angel investors. The funds will be used to expand their engineering and research team. Composio's platform integrates AI with business apps like Gmail and Salesforce, facilitating automated enterprise workflows. The company aims to increase its team size and further improve its AI infrastructure.
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VCs chase Indian developer tools startups amid AI frenzy - The Economic Times
Economic Times
·
4d ago
Medial
Indian AI startups, particularly in developer tools and infrastructure, are attracting significant venture capital as the enterprise adoption of AI accelerates. Leading investors like Accel and Lightspeed are backing startups focused on AI-led integration and automation. Notable fundraises include UnifyApps and Emergent AI. India's AI ecosystem benefits from a deep tech talent pool, offering competitive advantages despite limited access to Silicon Valley capital. Indian GenAI startups raised $524 million in early 2025, highlighting a growing global interest in the sector.
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Nanonets gets Accel India's backing to improve AI-based workflow automation
TechCrunch
·
1y ago
Medial
AI startup Nanonets has secured $29m in a funding round led by Accel India, with participation from existing investors Elevation Capital and Y Combinator. Nanonets offers an AI platform that automates back-office processes involving unstructured data for industries including financial services, healthcare and manufacturing. The platform uses machine learning architectures to analyse unstructured data and extract relevant information. Nanonets intends to use the funding to improve the accuracy of its system, invest in sales and marketing, and increase its headcount.
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Myntra co-founder Mukesh Bansal gets VC funding for new startup Nurix AI
VCCircle
·
11m ago
Medial
Mukesh Bansal, co-founder of Myntra and Cult.fit, has secured $27.5 million in funding for his new startup, Nurix AI. The funding round was led by venture capital firms Accel and General Catalyst, with participation from Bansal's early-stage incubator Meraki Labs. Nurix AI provides artificial intelligence-enabled customer engagement solutions to companies, focusing initially on the BPO industry. The funds will be used to expand the company's technology base, scale its operations, and further develop its research and development capabilities.
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German defence startup Helsing raises $693 million in latest investment round
Economic Times
·
2m ago
Medial
German defence start-up Helsing raised 600 million euros in its latest investment round, led by Spotify founder Daniel Ek. This funding values Helsing at 12 billion euros, ranking it among Europe’s top five private tech companies. The round was spearheaded by Prima Materia, Ek’s investment company, doubling its initial stake. Other contributors include Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB. Helsing specializes in AI software for military applications amid increasing geopolitics-driven defence spending.
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Nanonets Bags $29 Mn For R&D, Market Expansion
Inc42
·
1y ago
Medial
AI-based workflow automation platform Nanonets has secured $29 million in Series B funding, led by Accel. The startup plans to use the funds for research and development, improving algorithms for handling unstructured data, and launching new products. Nanonets helps businesses automate workflow processes by leveraging AI, allowing them to digitize documents, validate information, update databases, and execute decisions without human intervention. The company claims to achieve over 90% straight-through processing rate, leading to significant productivity and cost savings. Nanonets previously raised $10 million in a Series A funding round in 2022.
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Auto AI platform RapidCanvas raises $7.5 million in funding round led by Accel
Economic Times
·
1y ago
Medial
RapidCanvas, an AI platform for businesses, has secured $7.5 million in a funding round led by Accel and featuring Valley Capital Partners. The funds will be used for customer acquisition, marketing, sales expansion, and research and development to stay ahead of the competition in the fast-evolving AI market. RapidCanvas allows business leaders and domain experts to create customized AI solutions without requiring data engineering or developer support. The company currently serves customers in the US, India, and Brazil, with partnerships including Amazon Web Services, Google, Azure, and Snowflake. Accel stated that enterprises worldwide recognize the potential of AI but are limited by time, talent, and financial resources.
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