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Nanonets Bags $29 Mn For R&D, Market Expansion

Inc42 · 1y ago

Nanonets Bags $29 Mn For R&D, Market Expansion

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.

Related News

R&D-Led Kitchenware Brand Cumin Co. Bags $5 Million Pre-Series A Funding

StartupTalky

StartupTalky · 17d ago

Cumin Co., an R&D-focused kitchenware brand, secured $5 million in Pre-Series A funding led by Fireside Ventures, with participation from Huddle Ventures and Alteria Capital. Co-founders Niharika Joshi and Udit Lekhi emphasize materials-led innovation and consumer trust, achieving 10x revenue growth in eight months. Their focus on high-quality, toxin-free materials caters to the health-conscious Indian market. The funds will expand R&D and enhance product offerings, aiming for sustainable scale and customer-centric growth.

Pibit.AI Bags $7 Mn To Scale Its GenAI Underwriting Platform Pibit.AI Bags $7 Mn To Scale Its GenAI Underwriting Platform

Inc42 · 2m ago

Pibit.AI Bags $7 Mn To Scale Its GenAI Underwriting Platform Pibit.AI Bags $7 Mn To Scale Its GenAI Underwriting Platform

Pibit.AI, an insurtech startup, has secured $7 million in a Series A funding round led by Stellaris Venture Partners, alongside existing investors Y Combinator and Arali Ventures. The funding aims to augment the startup's R&D, enhance product development, and expand its GenAI-powered underwriting platform, CURE. Pibit.AI seeks to improve its risk models and data partnerships, ensuring its offerings can adapt to new business lines and emerging risks effectively.

WestBridge Capital leads $60-mn funding in Tessell

VCCircle

VCCircle · 10m ago

WestBridge Capital leads $60-mn funding in Tessell

WestBridge Capital has led a $60 million funding round for Tessell, a database-as-a-service startup. Existing investor Lightspeed Venture Partners and new investors B37.vc and Rocketship.vc also participated. Tessell aims to use the capital for go-to-market expansion and R&D. Founded in 2021, Tessell enhances enterprise database management with a cloud-based, AI-driven platform. WestBridge's Sumir Chadha highlights Tessell's capability to challenge traditional database management firms with its high performance and cost-effectiveness.

Uniqus bags $20 million to revolutionise consulting with AI power

Inshorts · 9m ago

Uniqus bags $20 million to revolutionise consulting with AI power

Uniqus Consultech has secured $20 million in Series C funding led by Nexus Venture Partners and Sorin Investments. The funds will drive global expansion, AI-led R&D, and new service lines. With 550+ professionals across 11 cities, Uniqus delivers tech-driven consulting in accounting, ESG, and risk. Its proprietary platforms and AI strategy aim to redefine traditional consulting models.

Performance nutrition brand Neulife raises $1 Mn in seed round

Entrackr

Entrackr · 3m ago

Neulife, a Mumbai-based performance nutrition company, has raised $1 million in seed funding co-led by Subhkam Ventures and Singularity Ventures, with participation from Sunicon Ventures, Cosma Ventures, and select HNIs. This is the company’s first external funding round since its founding. The proceeds will be used to develop new products, expand clinical research and trials, and scale the company’s protein product portfolio. Neulife also plans to use part of the capital to accelerate its global expansion and strengthen R&D capabilities. Founded in 2014 by Samit Gupta, Neulife operates as an R&D-led performance nutrition brand. It launched its D2C business in 2022 and focuses on developing scientifically validated, metabolically efficient proteins using its patented Ketofuel MCT technology. Neulife’s core products include Pro Standard Whey, launched in 2023, and Super Isolate, launched in 2024. Both products are designed to offer over 30% higher protein absorption and efficiency compared to conventional whey or plant proteins. Its R&D unit has filed five patents, with two granted and three pending. Neulife aims to capture around 15% market share in India’s premium protein segment by 2028. It is also planning to raise an additional $3 million by 2026-end to support expansion and new product development. Neulife’s products are available across its website and key online marketplaces, targeting professional athletes and fitness consumers seeking science-based performance nutrition.

Brandworks Bags Additional $4 Mn To Make AI Hardware In India

Inc42 · 2m ago

Brandworks Bags Additional $4 Mn To Make AI Hardware In India

Brandworks Technologies, an electronics manufacturing startup, raised an additional $4 million in its extended Series A round, led by Roha Family Office. This follows a previous $7 million tranche from Cactus Partners and GVFL in August, bringing their total Series A funding to $11 million. The funds will be used to enhance R&D initiatives and expand their engineering and design teams. Founded earlier this year, Brandworks produces electronic hardware like audio wearables and charging devices.

Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks

Economic Times

Economic Times · 7m ago

Ericsson to add 150+ R&D roles in Bengaluru to boost chip design for 5G networks

Ericsson is expanding its R&D team in Bengaluru by over 150 positions to boost its Application-Specific Integrated Circuit (ASIC) development. This expansion aims to enhance the company's capabilities in semiconductor design, specifically focusing on Ericsson Silicon's System on Chips (SoC) for 5G networks. The move aligns with Ericsson's commitment to leverage local tech competence and strengthen India's semiconductor ecosystem. The company invests $5 billion annually in R&D but did not specify investments for this expansion.

Reliance and SoftBank-backed Netradyne raises $90 Mn in Series D

Entrackr

Entrackr · 1y ago

Reliance and SoftBank-backed Netradyne raises $90 Mn in Series D

Netradyne, a SaaS provider of artificial intelligence (AI) and edge computing, has raised a $90 million Series D round led by Point72 Private Investments, with participation from Qualcomm Ventures and Pavilion Capital. The capital infusion will accelerate the company’s growth trajectory through strategic investment in R&D, enhanced go-to-market initiatives, and global expansion, Netradyne said in a press release. Founded in 2015 by Avneesh Agrawal (CEO) and David Julian (CTO), Netradyne provides AI-powered fleet safety and video telematics solutions. Headquartered in San Diego, California, with offices in San Francisco and Bangalore, India, Netradyne serves customers across the United States, Canada, Mexico, Germany, the U.K., Australia, New Zealand, and India.

Optimist raises $12 Mn in seed round led by Accel and Arkam Ventures

Entrackr

Entrackr · 16d ago

Optimist raises $12 Mn in seed round led by Accel and Arkam Ventures

Optimist, a technology-led cooling solutions startup focused on building future-ready air conditioners, has raised $12 million in a seed and pre-Series A funding round led by Accel and Arkam Ventures, along with participation from prominent angel investors. The fresh funds will be deployed to scale manufacturing, research and development (R&D), and go-to-market operations, Optimist said in a press release. Launched in 2024 by Ashish Goel, former CEO and co-founder of Urban Ladder, and Pranav Chopra, Optimist aims to transform customers’ lives through technology-driven cooling solutions. Backed by deep customer research and an understanding of Indian lifestyles, the company is designing and manufacturing products tailored to the country’s evolving needs. Its cooling systems are built to operate reliably under extreme heat conditions and power constraints. According to the company, Optimist has invested significantly over the past year in innovation and reimagining cooling solutions through sustained R&D efforts and multiple product testing cycles in real-world environments. These R&D initiatives are anchored at Nalanda, its in-house innovation lab in Gurugram. With in-house R&D and manufacturing capabilities, Optimist is able to shorten development cycles and build products that reduce electricity bills while easing pressure on power grids. Optimist aspires to design and manufacture ultra-efficient, customer-centric cooling systems for India’s extreme heat and energy-constrained markets. The company plans to sell its products through a mix of direct-to-consumer channels and brand stores, initially targeting residential and small commercial customers. Optimist air conditioners will be available from February 2026 in Delhi NCR, Rajasthan, Telangana, and Bengaluru, followed by expansion to other cities.

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Economic Times

Economic Times · 2y ago

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Texas-based Krypton Solutions is planning to invest $100 million to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka, India. The company has already held discussions with the government and is exploring investment options in Mysuru and Chamarajanagar. Additionally, they are interested in local partnerships and seeking support to establish themselves in the Indian market. In a separate meeting, Texas Instruments also reaffirmed its commitment to research and development (R&D) expansion in Karnataka. Texas Instruments was the first technology company to set up an R&D center in Bengaluru in 1985.

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