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Prosperr.io raises $1.5 million in funding from Silicon Valley investor Gokul Rajaram

Economic Times

Economic Times · 1y ago

Prosperr.io raises $1.5 million in funding from Silicon Valley investor Gokul Rajaram

Prosperr.io, an AI-enabled income tax solutions startup, has raised $1.55 million in a pre-seed funding round led by Gokul Rajaram. The funds will be used to enhance the company's technology, launch its B2B product, and boost sales and marketing capabilities. Prosperr.io offers a subscription-based service for managing income tax, with two core products: a B2C solution for tax planning and savings, and a B2B product for providing non-taxable allowances to employees. The startup currently serves 10,000 paid customers and expects to reach an annual recurring revenue of $2 million by year-end.

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Qiro Finance, Prosperr.io raise pre-seed funds in bid to expand

VCCircle

VCCircle · 1y ago

Qiro Finance, Prosperr.io raise pre-seed funds in bid to expand

Fintech startups Qiro Finance and Prosperr.io have secured early-stage funding. Qiro Finance raised $1.2 million in a pre-seed funding round led by Alliance, and will use the funds for product development and ecosystem expansion. Qiro Finance aims to build a decentralized credit protocol, connecting emerging market asset originators with global investors using blockchain and stablecoin rails. Prosperr.io raised $1.55 million in a pre-seed funding round led by Gokul Rajaram, and provides a subscription-based service for managing income taxes and ensuring tax savings and compliance for salaried individuals.

AI startup by Columbia graduates raises $7 million to target midsize law firms - The Economic Times

Economic Times

Economic Times · 23d ago

AI startup by Columbia graduates raises $7 million to target midsize law firms - The Economic Times

AI startup August, founded by Columbia University alumni Rutvik Rau, Thomas Bueler-Faudree, and Joseph Parker in 2023, raised $7 million in seed funding led by NEA and Pear VC. The firm specializes in automating legal paperwork for midsize law firms, enabling lawyers to focus on higher-value tasks. Other investors include angel investor Gokul Rajaram and OpenAI's head of engineering, David Azose. Based in New York, August plans to expand its workforce from 12 to around 25-30 employees.

Customer loyalty startup Reelo raises $1 million from Silicon Valley investor Gokul Rajaram

Economic Times

Economic Times · 1y ago

Customer loyalty startup Reelo raises $1 million from Silicon Valley investor Gokul Rajaram

Ahmedabad-based startup Reelo has secured $1 million in funding from angel investor Gokul Rajaram. The customer loyalty and marketing platform plans to use the investment to expand its operations, enhance its artificial intelligence capabilities, and increase hiring. Reelo offers a suite of marketing tools for small and mid-sized businesses, enabling them to gather customer data and automate marketing strategies. The platform has existing partnerships with various point-of-sale billing software providers and operates in nine countries. Reelo aims to enter the US market in the near future.

AI chip startup Enfabrica raises $125 million, with backing from Nvidia

Economic Times

Economic Times · 1y ago

AI chip startup Enfabrica raises $125 million, with backing from Nvidia

Silicon Valley chip startup Enfabrica has secured $125 million in venture capital funding, with Nvidia as a strategic investor. Enfabrica specializes in networking chips for AI data centers, aiming to create more efficient connections between GPUs (graphics processing units). Its network chip design allows GPUs to access data from multiple sources simultaneously, optimizing their utilization. This innovation could help lower the cost of AI computing, making it more accessible. Nvidia's GPUs are vital to AI data centers, and this partnership aims to improve their efficiency.

Tech veteran Gokul Rajaram, Coatue alumnus Gilroy to start VC firm

Economic Times

Economic Times · 9m ago

Tech veteran Gokul Rajaram, Coatue alumnus Gilroy to start VC firm

Coatue Management alumnus Michael Gilroy and technology executive Gokul Rajaram are teaming up to establish a venture firm. They are currently in preliminary discussions with anchor investors and are aiming to raise $400 to $500 million for their debut fund. The duo plans to focus on early-stage investments in fintech and software companies primarily in the US market. Gilroy, who previously oversaw fintech investments at Coatue, left the firm earlier this year. Rajaram, on the other hand, has held executive positions at various technology companies and has made early investments in several successful ventures.

Construction tech startup LivSYT raises $2.5 million in funding from Silicon Valley Quad, Inventus Cap

Economic Times

Economic Times · 1y ago

Construction tech startup LivSYT raises $2.5 million in funding from Silicon Valley Quad, Inventus Cap

Construction tech startup Livsyt has secured $2.5 million in funding from Silicon Valley-based Quad Inventus Capital. The company plans to use the funds to expand its operations and further develop its technology platform. With this investment, Livsyt aims to streamline and digitize the construction industry in India by offering a one-stop solution for project management, financial planning, and resource optimization.

AI startup Cognida raises $15 million in funding led by Nexus Venture Partners

Economic Times

Economic Times · 6m ago

AI startup Cognida raises $15 million in funding led by Nexus Venture Partners

Cognida.AI, an AI solutions provider for enterprises, secured $15 million in funding led by Nexus Venture Partners. The investment will help expand AI solutions in key industries and accelerate market strategies. With headquarters in Chicago and offices in Silicon Valley and Hyderabad, it serves over 30 clients across various sectors. Despite a dip in overall AI startup funding in India, the number of deals has increased, highlighting ongoing interest from venture capital investors.

Meridiam-owned Rift Valley Energy secures $15-mn commitment

VCCircle

VCCircle · 1y ago

Meridiam-owned Rift Valley Energy secures $15-mn commitment

Tanzanian renewable energy company Rift Valley Energy, owned by global investor Meridiam, has received a $15 million commitment from a European institutional investor. The funding will be used to expand wind and hydropower capacity in Tanzania. Rift Valley Energy focuses on developing renewable energy projects in East Africa.

AI chip startup d-Matrix raises $110 million in funding from Temasek, Microsoft, others

Economic Times

Economic Times · 1y ago

AI chip startup d-Matrix raises $110 million in funding from Temasek, Microsoft, others

Silicon Valley-based AI chip startup d-Matrix secured $110 million in funding, with Microsoft among the investors. The Series B round, led by Temasek, supports d-Matrix's chip technology, designed for efficient generative AI applications. Differentiating from Nvidia, d-Matrix focuses on AI inference processing, aiming to deliver lower latency and reduced energy consumption. Microsoft plans to evaluate the chips for its use. d-Matrix anticipates generating $70-75 million in annual revenue within two years.

Adobe, others join White House's voluntary commitments on AI

Economic Times

Economic Times · 1y ago

Adobe, others join White House's voluntary commitments on AI

Silicon Valley chip startup Enfabrica has secured $125 million in venture capital funding, with Nvidia as a strategic investor. Enfabrica specializes in networking chips for AI data centers, aiming to create more efficient connections between GPUs (graphics processing units). Its network chip design allows GPUs to access data from multiple sources simultaneously, optimizing their utilization. This innovation could help lower the cost of AI computing, making it more accessible. Nvidia's GPUs are vital to AI data centers, and this partnership aims to improve their efficiency.

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