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Startup AiDash raises $50 million for tech using AI, satellites to spot wildfire risk

Economic Times

Economic Times · 1y ago

Startup AiDash raises $50 million for tech using AI, satellites to spot wildfire risk

California startup, AiDash, has secured $50 million in funding for its AI and satellite-based technology aimed at identifying fire and weather risks on power lines. With power utilities facing the need to mitigate forest fires and outages caused by power lines, AiDash's system uses AI to analyze satellite images and identify potential issues, such as vegetation growth and encroaching trees. The funding will be used to further develop the technology and expand operations, including opening a European headquarters. National Grid, an investor and customer, has seen improved outage management using AiDash's system on its Massachusetts grid.

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

Economic Times

Economic Times · 1y 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.

SaaS startup partners Boston Dynamics to deploy humanoid robot at construction sites

Economic Times

Economic Times · 1y ago

SaaS startup partners Boston Dynamics to deploy humanoid robot at construction sites

Indian software provider Zepth has partnered with Boston Dynamics to deploy the Spot robot at construction sites. The four-legged autonomous robot can collect data and create 3D models, helping with project oversight, safety, and decision-making. Zepth's analytics and AI capabilities enhance efficiency by surveying sites, flagging potential hazards, and ensuring project timelines are met. This is the first deployment of Boston Dynamics' Spot robot in the construction industry. Zepth is also using OpenAI's GPT offering to build AI risk managers for construction projects.

Peak XV-backed Bright Money raises $62 Mn

Entrackr

Entrackr · 1y ago

Peak XV-backed Bright Money raises $62 Mn

Bright Money, a Bengaluru and San Francisco-based consumer fintech startup, has raised $62 million in a Series B funding round. The round consists of $50 million debt from Encina Lender Finance and $12 million equity led by Alpha Wave, Hummingbird, and PeakXV. Bright Money offers debt management solutions and aims to reshape global retail banking using big data and AI. The funding will help the company cater to millennials, particularly in the US, and expand its product offerings. Bright Money previously raised $31 million in a Series A round in September 2021.

Dhruva Space To Launch First Commercial Satellite Aboard SpaceX Rocket

Inc42 · 25d ago

Dhruva Space To Launch First Commercial Satellite Aboard SpaceX Rocket

Dhruva Space plans to launch its first commercial satellite, LEAP-1, in Q3 2025 using SpaceX’s Falcon 9 rocket. The mission includes payloads from Akula Tech and Esper Satellites, both Australian companies. LEAP-1 will utilize Dhruva’s P-30 satellite platform, which was successfully tested with ISRO’s PSLV-C58 in January 2024. The Hyderabad-based spacetech startup closed its Series A funding round at INR 123 Cr ($15 million) in April last year.

Food-tech startup High Time Foods raises $1.2 million in round led by Avaana Capital

Economic Times

Economic Times · 3m ago

Food-tech startup High Time Foods raises $1.2 million in round led by Avaana Capital

High Time Foods, a plant-based protein food-tech startup, secured $1.2 million in funding led by Avaana Capital, with plans to enhance product development, expand globally, and hire talent. The Bengaluru-based company, using shelf-stable ingredients like pea and mung bean proteins, targets the protein-deficient Indian market and plans to tackle African markets next. The business-to-business firm aims to expand its reach to 50 B2B partnerships in India by year-end.

GradRight helping students make informed decisions raises Rs 50Cr in a Series A round

IndianStartupNews

IndianStartupNews · 2y ago

GradRight helping students make informed decisions raises Rs 50Cr in a Series A round

Edtech-focused fintech startup GradRight has secured Rs 50 crore ($6.7 million) in a Series A funding round led by IvyCap Ventures. The platform connects students, universities, and lenders using AI to help students secure scholarships, grants, and loans, while aiding universities in finding suitable students. The funding will be used to enhance technology, expand products, scale operations, and meet growing demand. GradRight has processed loan requests of over $1.75 billion and assisted more than 55,000 students in the past two years, with partnerships covering 15 lenders and 50 international academic institutions.

Bengaluru-based SatSure to Invest $35M to Launch Satellites by 2025

Startup News FYI

Startup News FYI · 1y ago

Bengaluru-based SatSure to Invest $35M to Launch Satellites by 2025

Indian start-up SatSure plans to invest $35 million to launch four earth imaging satellites by 2025. The Bengaluru-based company aims to become self-sufficient in generating its own satellite imagery, rather than relying on data from foreign space agencies. SatSure offers high-resolution optical and multispectral data for applications such as risk management, agriculture, and credit assessment. The company has partnered with hardware development organizations, including Spiral Blue and Satellogic, with the launch of satellites scheduled for November 2025. SatSure's expansion aligns with the growing interest and investment in India's space tech industry.

Insurtech startup Square Insurance raises $1M led by Recur Club

IndianStartupNews

IndianStartupNews · 2y ago

Insurtech startup Square Insurance raises $1M led by Recur Club

Jaipur's Square Insurance has raised $1 million in funding led by Recur Club. The startup plans to enhance its tech infrastructure, open new offices, and launch marketing initiatives. Authorized by IRDA, Square Insurance specializes in transparent risk management, offering various insurance types. The platform uses algorithms for personalized recommendations.

MapMycrop raises Rs 15.7 crore in seed funding for agritech expansion

Economic Times

Economic Times · 5m 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.

Ivory, an agetech startup specializing in brain health, raises $500K led by Capital A

IndianStartupNews

IndianStartupNews · 1y ago

Ivory, an agetech startup specializing in brain health, raises $500K led by Capital A

Indian startup Ivory, which focuses on brain health for the elderly, has secured $500,000 in funding led by Capital A and TDV Partners. The company aims to expand its reach to over 15 million elderly Indians at risk of dementia by providing a tech-driven platform that offers clinical tools and expertise for better brain health. Ivory's platform integrates curated content, personalized consultations, and gamified activities to assess and reduce the risk of dementia. The prevalence of dementia in India is increasing, with cases projected to rise from 5.3 million in 2020 to 8.8 million in 2023.

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