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Speech AI startup Contiinex raises $2M in a pre-Series A round led by YourNest, Refex Capital
IndianStartupNews
ยท
1y ago
Medial
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.
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Doorstep diesel delivery startup The Fuel Delivery raises $2M in funding
IndianStartupNews
ยท
2y ago
Medial
Mumbai-based doorstep diesel delivery startup The Fuel Delivery (TFD) has raised $2 million as part of a pre-Series A funding round led by Singapore-based Drake Trade and Investment. The startup specializes in doorstep diesel delivery services. The investment is expected to fuel the company's expansion plans and enhance its operations to meet the growing demand for convenient and efficient fuel delivery services in the market.
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Industrial Deeptech IoT startup Datoms raises $1.2M led by YourNest Venture Capital
IndianStartupNews
ยท
1y ago
Medial
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.
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Proptech startup Altre raises $1M in a pre-Series A round
IndianStartupNews
ยท
2y ago
Medial
Proptech startup Altre has raised $1 million in a pre-series A funding round led by undisclosed institutional investors to use the raised capital to grow technology, capability and teams across the country.
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AI-powered edtech startup Shaktimaan.ai raises $2M led by YCombinator, others
IndianStartupNews
ยท
1y ago
Medial
AI-powered edtech startup Shaktimaan.ai has raised $2 million in a seed funding round led by YCombinator, Fundersclub, Goodwater Capital, Misbah and Nishchay (Founders of Jar), along with other angel investors.ย
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ThinkMetal raises $800K in pre-Series A round
Entrackr
ยท
6m ago
Medial
ThinkMetal raises $800K in pre-Series A round Deeptech startup ThinkMetal has raised $800,000 (about Rs 6.7 crore) in a pre-Series A funding round led by YourNest Venture Capital as part of the YourNest-SanchiConnect Velocity Program 2024, along with participation from Concept Communications and Sanchi Connect. Prior to this round, ThinkMetal raised $300,000 in a seed round led by 100X.VC, with participation from Concept Communications, SAT Industries, and investors such as KRS Jamwal and Uday Sodhi. The funds will be utilized to finalize production readiness, launch the first-generation product, enhance its software capabilities, refine its processes, and expand its team in key areas such as sales, operations, design, and software development, ThinkMetal said in a press release. Co-founded in 2021 by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal is a deeptech startup enabling manufacturers to produce metal parts, claiming to be 10 times faster and at half the cost with their compact metal 3D printer, SistemT1, which leverages patented materials and processes. The company's FuseX material technology drastically cuts production time while reducing operational costs, making it the quickest and most efficient solution. According to the Chennai-based company, it addresses longstanding challenges in traditional tool manufacturing and low-volume production. SistemT1 helps manufacturers deliver parts such as moulds, dies, jigs, and fixtures in mere hours at half the cost. As per market research, the total tooling market in India is estimated at $5 billion, growing at a CAGR of 9%. ThinkMetalโs existing customers include Ants Ceramics, ZeQube Technologies, and Hosur CNC. The companyโs go-to-market strategy focuses on urban medium-scale and small-scale manufacturers, leveraging paid pilots, experience centers, and on-demand services to drive adoption. Globally, Markforged, Desktop Metal, and EOS are prominent players in this industry.
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GenAI stratup Devnagri raises funding in a pre-Series A round
Inshorts
ยท
1y ago
Medial
Devnagri, a Gen-AI startup that personalizes business communication for non-English speakers, has raised an undisclosed amount in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm. The startup plans to use the raised capital for marketing, sales, technology scaling, R&D, infrastructure and administrative expenses.
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Jaipur-based insurtech startup Square Insurance raises $3 million
Inshorts
ยท
1y ago
Medial
Square Insurance has raised $3 million in a pre-Series A funding round led by Negen Capital and Bizdateup. The round also saw participation from notable investors, including Yogesh Chaudhary, Founder of Warmup Ventures and Owner of Jaipur Rugs, and Prashant Kothari, Owner of Jaipur Stones. The startup offers comprehensive life and general insurance services across 20 states in India.
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Deeptech IoT start-up Datoms raises $1.2 million led by Yournest VC
Business Today
ยท
1y ago
Medial
Indian industrial deeptech IoT start-up Datoms has raised $1.2 million in a pre-Series A funding round led by Yournest Venture Capital. The Bhubaneswar-based company has developed a connected operations cloud platform that consolidates people, processes, and machine operations. Datoms plans to use the funding to enhance its product offerings, strengthen AI/ML capabilities, and expand its market presence in India and the Middle East. The platform enables sectors such as construction, warehousing, agriculture, mining, and ports to achieve higher efficiency and automate processes. Datoms aims to disrupt the $600 billion global connected machine market and has already connected over 5,000 machines with clients including Mahindra & Mahindra and Tata Motors.
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InfoEdge, Anicut, Kettleborough VC, Mumbai Angels strike early stage bets
VCCircle
ยท
1y ago
Medial
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.
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UptimeAI raises $14 Mn in Series A round
Entrackr
ยท
1y ago
Medial
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. UptimeAIโs four modules include โ 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.
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