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OneCell Diagnostics raises $16 million in round led by Celesta Capital, others

Economic Times

Economic Times · 7m ago

OneCell Diagnostics raises $16 million in round led by Celesta Capital, others

OneCell Diagnostics, a startup specializing in AI-powered cancer diagnostics, has raised $16 million in a series A funding round. The funding was led by Celesta Capital and included participation from Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures. OneCell plans to use the funds to expand to the US market with its liquid biopsy test, OncoIndx Alfa, which detects circulating tumor cells for precision diagnosis and treatment of cancer. The funding will also help the company democratize precision oncology by making cancer diagnostic testing more accessible and affordable. OneCell has already tested its technology in India and has partnerships with leading medical institutions.

Related News

Startup funding rises 774% on-year to $608 million this week

Economic Times

Economic Times · 7m ago

Startup funding rises 774% on-year to $608 million this week

Startups raised a total of $607.5 million in funding between November 16 and 22, which is a significant increase of 774% compared to the same period last year. This week, there were 23 funding deals, raising funds from high net-worth individuals, family offices, and financial institutions. Some notable funding rounds include Zepto raising an additional $350 million, Healthkart securing $153 million, Zopper raising $25 million, and OneCell Diagnostics securing $16 million.

Space-tech startup Agnikul Cosmos raises over $26 million from Celesta Capital, Rocketship

Economic Times

Economic Times · 1y ago

Space-tech startup Agnikul Cosmos raises over $26 million from Celesta Capital, Rocketship

Space tech startup Agnikul Cosmos has raised over $26 million in a funding round led by Celesta Capital and Rocketship, as per reports. The Chennai-based company plans to use the funds to develop its launch vehicle, Agnibaan, and to fuel its satellite manufacturing capabilities. Agnikul aims to provide affordable access to space for small satellite operators.

5C Network raises $3 Mn in a new round

Entrackr

Entrackr · 1y ago

5C Network raises $3 Mn in a new round

Medical diagnostics platform 5C Network has raised Rs 25.5 crore (approximately $3 million) from Redwood India Healthcare Fund in a new round. This is the first investment for the firm this year. The board at 5C Network has passed a special resolution to issue 2,72,241 CCSPS at an issue price of Rs 936.67 each to raise Rs 25.5 crore, its regulatory filing accessed from the Registrar of Companies shows. For background, the Bengaluru-based company has raised the proceeds after a gap of more than 17 months. 5C Network last raised $4.6 million in its Series A round led by Celesta Capital in Oct 2022. As per the startup data intelligence platform TheKredible estimates, the company has been valued at around $30 million (post-money). Founded in 2016 by Sivasailam and Syed Ahmed, 5C Network enables users across India to store, create, and analyse radiology images. It facilitates hospitals in maximizing returns on their radiology infrastructure by providing access to radiologists. With the backing of Tata 1mg and Celesta Capital, the firm has raised over Rs 80 crore to date. Before the fresh proceeds, Unitus Capital was the largest external stakeholder with 20.8% followed by Celeseta Capital and Tata 1mg. Its co-founders Kalyanasundaram S and Syed Sabbir Ahmed cumulatively commanded 33.9% of the company. 5C Network has been struggling with growth and this could be evident from its collection which dwindled by 20% to Rs 18.75 crore during the fiscal year ended March 2023. Moreover, the company posted Rs 19.47 crore loss during the same period.

Recogni Raises $102M in Series C Funding

Finsmes · 1y ago

Recogni Raises $102M in Series C Funding

San Jose-based AI computing company, Recogni, has secured $102 million in Series C funding. The round was led by Celesta Capital and GreatPoint Ventures, with participation from existing investors such as Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund. The funds will be used to further develop Recogni's AI inference solutions, with a focus on improving performance and efficiency while maintaining low cost. Recogni specializes in high compute, low power, and scalable AI solutions for Generative AI and autonomous platforms. The company also has an office in Munich, Germany.

Exostellar raises $15M to help companies optimize their cloud spend

TechCrunch · 1y ago

Exostellar raises $15M to help companies optimize their cloud spend

Ithaca-based startup Exostellar has raised $15 million in a Series A funding round led by Celesta and Cambium Capital, valuing the company at $40 million. Exostellar's software optimizes cloud computing costs by dynamically allocating and moving workloads between the cheapest cloud infrastructure. It watches factors like spot instance pricing to predict when instances might be shut down and shifts workloads accordingly. The company plans to expand its platform to other cloud providers like Azure and Google Cloud and introduce support for GPU instances.

AI-powered visual merchandising platform Spyne raises $16 million

Inshorts · 4m ago

AI-powered visual merchandising platform Spyne raises $16 million

Spyne has raised $16 million in a Series A funding round led by Vertex Ventures and others. The startup, which started as a merchandising platform serving multiple industries, shifted its focus entirely to automotive and launched an AI-powered visual merchandising platform. Its platform enables dealerships to create studio-quality images, 360-degree spin videos, and automated marketing videos.

Spacetech startup Skyroot Aerospace raises Rs 225Cr from Singapore-based Temasek

IndianStartupNews

IndianStartupNews · 1y ago

Spacetech startup Skyroot Aerospace raises Rs 225Cr from Singapore-based Temasek

Hyderabad-based spacetech startup Skyroot Aerospace has raised Rs 225 crore ($27.5 million) in a pre-Series C funding round led by Temasek. The funds will be used to accelerate commercial satellite launches, foster technological advancements, recruit top-tier talent, and enhance launch frequency and capabilities. Skyroot Aerospace, founded in 2018, has introduced the Vikram series of launch vehicles to cater to the growing demand for cost-effective and efficient space launches. The company has previously received funding from Celesta Capital, Rocketship.vc, Artha Venture Fund, and other investors.

InfoEdge, Anicut, Kettleborough VC, Mumbai Angels strike early stage bets

VCCircle

VCCircle · 1y ago

InfoEdge, Anicut, Kettleborough VC, Mumbai Angels strike early stage bets

Fintech startup InPrime Finserv has raised $3 million in a Series A round led by Matrix Partners India, with participation from InfoEdge Ventures, Titan Capital, and Kettleborough VC. InPrime plans to use the funds to expand its geographical footprint, strengthen its team, develop digital channels, and diversify its loan portfolio. Health and wellness startup Zingavita secured INR 10 crore ($1.2 million) in a pre-series A funding round led by Anicut Capital. Biotech startup Vgenomics India has closed a seed investment round led by Mumbai Angels and O2 Angel Network to develop diagnostics solutions for rare diseases.

Indian fintech startup Navadhan raises ₹12 crore in seed round

Inshorts · 2y ago

Indian fintech startup Navadhan raises ₹12 crore in seed round

Navadhan, a fintech startup targeting rural areas in India, has secured $1.5 million (approximately ₹12 crore) in a seed funding round. The investment was led by Varanium NexGen, with participation from Gemba Capital and co-leading by Anicut Capital. With this funding, Navadhan has accumulated a total funding of $16 million through equity and debt lines in collaboration with NBFC partners. The startup's platform facilitates connections between rural small businesses and NBFCs and banks.

Asigna Raises $3 Million Seed Round Led by Hivemind Capital, Tykhe Ventures for Non-Custodial Multisig Vault Platform Launching Unified Lending | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Asigna Raises $3 Million Seed Round Led by Hivemind Capital, Tykhe Ventures for Non-Custodial Multisig Vault Platform Launching Unified Lending | DeepNewz VC

Asigna, a non-custodial multisig vault platform, has successfully raised $3 million in a seed funding round. The investment was led by Hivemind Capital and Tykhe Ventures, with participation from Sats Ventures, Trust Machines, and others.

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