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Smarthome startup Aliste Tech raises $1 million in funding from YourNest, Artha, others

Economic Times

Economic Times · 2y ago

Smarthome startup Aliste Tech raises $1 million in funding from YourNest, Artha, others

Smart home startup Aliste Tech has raised $1 million in funding from investors including YourNest and Artha Ventures. The funds will be utilized to expand its team, enhance its technology platform, and drive market expansion. Aliste Tech specializes in providing personalized home automation solutions using AI and machine learning technologies.

Related News

MapMycrop raises Rs 15.7 crore in seed funding for agritech expansion

Economic Times

Economic Times · 1y ago

MapMycrop raises Rs 15.7 crore in seed funding for agritech expansion

MapMyCrop, an agri-tech startup, has secured Rs 15.7 crore ($1.8 million) in seed funding led by YourNest Venture Capital, with contributions from angel investors. The funding will help expand operations, fulfill orders, and advance technology using satellite imagery and AI for crop monitoring. The company plans to launch new AI-based solutions, including a farm credit score tool, and aims to expand in Africa, Latin America, and Southeast Asia while enhancing its U.S. and European presence.

TakeMe2Space raises Rs 5.5 crore

Economic Times

Economic Times · 1y ago

TakeMe2Space raises Rs 5.5 crore

SpaceTech startup TakeMe2Space secured Rs 5.5 crore in pre-seed funding led by Seafund, with contributions from Blume Ventures, Artha Venture Fund, AC Ventures, and angel investors. The funds will support the launch of its space AI laboratory MOI-1, scaling operations, regional expansion, product portfolio enhancement, R&D, and customer acquisition. The company aims to double its revenues over the next year, according to their statement.

UptimeAI raises $14 Mn in Series A round

Entrackr

Entrackr · 1y ago

UptimeAI raises $14 Mn in Series A round

Artificial intelligence startup UptimeAI has raised $14 million in its Series A funding round led by WestBridge Capital. The round also saw participation from existing investor Emergent Ventures and new investor Aditya Birla Ventures. UptimeAI will use the proceeds to scale up its tech platform, expand product portfolio and presence in North America, Middle East and Asia. The company has bases in Bengaluru and San Francisco as well. Five-year-old UptimeAI creates AI-based solutions that help plant operators maximise efficiency and reliability. As per the company, its team has core competency in areas including power, oil and gas, chemicals, metals, and aerospace among others. UptimeAI’s four modules include – connect the dots, no code predictive alerts, inferencing engine for prescriptive actions, and continuous self-learning. It has a patented system and method for monitoring complex structures to identify the root cause of inefficiencies. In September last year, Bharat Petroleum Corporation Limited (BPCL) tied up with UptimeAI to optimize operational efficiency. Led by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI was one of the selected startups in the YourNest SOAR Program. In February 2021, UptimeAI also raised $1.5 million in seed funding from YourNest Venture Capital and angel investors. UptimeAI competes with Tiger Global-backed Infinite Uptime, which raised $18.85 million in a round in May last year. Other global competitors include Sight Machine , Prospection SparkCognition, and Augury.

EtherealX Pockets $5 Mn From YourNest, Others To Build Reusable Rockets

Inc42 · 1y ago

EtherealX Pockets $5 Mn From YourNest, Others To Build Reusable Rockets

Bengaluru-based spacetech startup EtherealX has secured a seed funding round worth $5 million. The investment will be utilized to develop engines for the company's fully reusable medium-lift launch vehicles. Leading the round is YourNest, with participation from several other investors including BIG Global Investments JSC, BlueHill Capital, Campus Fund, Golden Sparrow Ventures, and more. EtherealX aims to use the funding to further its development of the Razor Crest Mk-1.C launch vehicle.

Industrial Deeptech IoT startup Datoms raises $1.2M led by YourNest Venture Capital

IndianStartupNews

IndianStartupNews · 2y ago

Industrial Deeptech IoT startup Datoms raises $1.2M led by YourNest Venture Capital

Datoms, an industrial deep-tech IoT startup focused on solutions for OEMs, has raised $1.2 million in a pre-Series A funding round led by Yournest Venture Capital. The startup aims to enhance efficiency in asset management and activity planning through its connected operations cloud platform. With over 100 global customers, Datoms plans to use the funding to strengthen its product offerings, enhance AI/ML capabilities, and expand its market presence in India and the Middle East. The booming IoT Connected Machines market, projected to reach $510 billion by 2030, presents a significant opportunity for Datoms.

Speech AI startup Contiinex raises $2M in a pre-Series A round led by YourNest, Refex Capital

IndianStartupNews

IndianStartupNews · 2y ago

Speech AI startup Contiinex raises $2M in a pre-Series A round led by YourNest, Refex Capital

Speech AI startup Contiinex has secured $2 million in a per-Series A funding round led by YourNest and Refex Capital. The Bengaluru and New York-based startup plans to strengthen its tech team and expand in the US market. It offers a proprietary speech-to-text engine and Contiinex Open Framework for Insights (COFI), focusing on healthcare and insurance sectors. Contiinex intends to enter retail and banking sectors, leveraging its AI solutions to enhance customer experiences, claims, and regulatory compliance. The funding will also be used to expand its Gen AI product offerings for unstructured data analysis.

Raana Semiconductors Raises $3 million in Seed Funding to Build Indigenous Silicon Ingot Growth Systems

StartupTalky

StartupTalky · 1m ago

Raana Semiconductors Raises $3 million in Seed Funding to Build Indigenous Silicon Ingot Growth Systems

Raana Semiconductors raised $3 million in a seed funding round led by Equirus Innovatex Fund and Artha Venture Fund, with additional participation from IvyCap Ventures, PointOne Capital, and others. This financing will help the company, experienced in Czochralski-based crystal growth systems, develop indigenous silicon ingot growth systems to bolster India's solar and semiconductor self-reliance. Raana plans to produce 10-12 inch solar-grade ingots, aiming for future semiconductor-grade wafer production and significant revenue growth.

Leanworx raises seed round led by YourNest Venture

Entrackr

Entrackr · 1y ago

Leanworx raises seed round led by YourNest Venture

Leanworx, a Bengaluru-based startup empowering manufacturing plants with real-time data, has raised Rs 8.3 crore (approximately $1 million) in its seed funding round. The round was led by YourNest Venture Capital with Rs 6.5 crore and Rs 1.5 crore from an angel investment group. The proceeds will be directed towards scaling marketing and lead generation efforts in India and Southeast Asia and advancing product development, including hardware and software certification, Leanworx said in a press release. Co-founded in 2017 by D. Srihari, Bhagavan S. K., and Dasarathi G. V., Leanworx provides a cutting-edge, AI-powered machine monitoring system that delivers real-time, actionable data from shop-floor machines to decision-makers, allowing for faster and more accurate decision-making.

Exclusive: DrinkPrime raises fresh money at 30% valuation premium

Entrackr

Entrackr · 5d ago

Exclusive: DrinkPrime raises fresh money at 30% valuation premium

Exclusive: DrinkPrime raises fresh money at 30% valuation premium DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised Rs 20 crore in fresh funding from Artha Venture Fund and Mirabilis Investment Trust. According to DrinkPrime’s filings with the Registrar of Companies (RoC), its board approved the allotment of 21,718 Series A3 CCPS and 10 equity shares at an issue price of Rs 9,205 per share to raise Rs 20 crore. Artha Venture Fund and Mirabilis Investment Trust have invested Rs 10 crore during the round. According to the filing, the proceeds will be utilized in line with the company’s approved business plan. As per Entrackr’s estimates, DrinkPrime’s valuation has jumped to Rs 340 crore (approximately $37 million) in the latest round compared to Rs 261 crore in its previous funding round. Following the allotment in the latest round, Artha Continuum Fund and Mirabilis Investment Trust hold a 2.94% stake each in DrinkPrime on a fully diluted basis. The Bengaluru-based startup had previously raised $3 million in a funding round led by SIDBI Venture Capital Ltd. Founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota, DrinkPrime operates a subscription-based water purifier platform that offers IoT-enabled purifiers to households. DrinkPrime reported a 54% increase in operating revenue to Rs 72.13 crore in FY25 from Rs 46.81 crore in FY24, while its loss decreased to Rs 11.53 crore from Rs 14.14 crore during the same period.

Coralogix raises $115M in Series E funding at $1B valuation

YourStory

YourStory · 9m ago

Coralogix raises $115M in Series E funding at $1B valuation

Israeli startup Coralogix raised $115 million in Series E funding, achieving a valuation surpassing $1 billion. Led by NewView Capital, the funding round also saw participation from the Canada Pension Plan Investment Board and NextEquity, among others. The company plans to invest substantially in its Indian operations, focusing on sectors like BFSI, IT, telecom, logistics, and edtech, while also advancing local AI capabilities and expanding its workforce in cities like Gurugram, Bengaluru, and Mumbai.

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