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One of the World’s Biggest Diamonds Could Be Key to Some of the World’s Fastest Microchips

LivemintLivemint · 1y ago
One of the World’s Biggest Diamonds Could Be Key to Some of the World’s Fastest Microchips
Medial

Silicon Valley chip companies are exploring unconventional materials such as synthetic diamond, ultrapure glass, and boron arsenide to tackle the increasing heat generated by microchips. The current generation of high-performance microchips can consume around 100 watts/cm² and need effective heat dissipation for better performance. Diamond Foundry, for instance, has created large wafers of synthetic diamond that can be bonded with silicon microchips to dissipate heat quickly. Intel is working on using glass backing to improve chip integrity and enable high-speed connections. Researchers are also considering boron arsenide as a potential alternative to silicon for faster and more efficient microchips.

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Venture Catalysts leads Seed round in Fiona Diamonds

EntrackrEntrackr · 1y ago
Venture Catalysts leads Seed round in Fiona Diamonds
Medial

Lab-grown diamond brand Fiona Diamonds has raised Rs 6 crore in its seed round led by Venture Catalysts. The round also includes AC Ventures, Anikarth Ventures, Shantanu Deshpande of Bombay Shaving Company, Eco Brilliance, and Suraj Nalan. The proceeds will be used to fuel the company’s expansion and innovation in the ethical luxury market. Founded by Parag Agrawal and Saurabh Agrawal, Fiona Diamonds offere customers a curated selection of exquisite solitaire jewelry crafted with lab-grown diamonds. With its flagship stores across Mumbai, Delhi, and Bengaluru, along with a presence in 10 locations of across key cities, Fiona Diamonds has claimed to as as a digital-first brand, having a loyal customer base exceeding 10,000.

Jewelbox raises $3.2 Mn in pre-Series A round

EntrackrEntrackr · 2m ago
Jewelbox raises $3.2 Mn in pre-Series A round
Medial

Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF). In March 2024, the Kolkata-based startup had raised Rs 3.7 crore in seed funding from JIIF. The proceeds will be used to grow its store network, build brand awareness, and hire across key departments. Founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, Jewelbox sells lab-grown diamond jewellery through both online and offline channels. The firm reported an annual revenue run rate (ARR) of Rs 38 crore for FY25, up from Rs 16 crore the previous year. Jewelbox currently runs eight stores in six cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—and aims to expand to 30 stores by the end of 2025. In the lab-grown diamond space, Jewelbox will compete with a clutch of firms, including COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Firefly Diamonds. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line. Last month, Firefly Diamonds raised $3 million in its seed round led by WestBridge Capital. Jewelbox and other new brands have asked the Central Consumer Protection Authority (CCPA) to stop the use of the term "synthetic" for lab-grown diamonds, saying it confuses with imitation stones like cubic zirconia.

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