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News on Medial
SuperAGI snags funding from Jan Koum's Newlands VC to fuel its full-stack AGI ambitions
TechCrunch
·
1y ago
Medial
SuperAGI, a startup aiming to develop a full-stack Artificial General Intelligence (AGI) platform based on Large Agentic Models (LAMs), has secured $10 million in a Series A funding round led by Newlands VC, a secretive firm backed by WhatsApp founder Jan Koum. SuperAGI plans to use the funds for further research and to develop middleware and software applications. The company's innovative approach aims to improve AGI's ability to take action in real-world scenarios, differentiating it from other large language models currently in use. SuperAGI has gained traction with over 20,000 developers from major companies such as Microsoft, Google, and Tesla.
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Perfios Snags $80 mn from Ontario Teachers’ Pension arm
VCCircle
·
1y ago
Medial
Perfios Software Solutions, a fintech SaaS company, has announced an $80 million investment from Ontario Teachers’ Pension Plan's venture arm, Teachers' Venture Growth (TVG). The funds will be used to support Perfios' international expansion and explore inorganic growth opportunities. The company currently operates in Southeast Asia, the Middle East, and Africa. Perfios plans to strengthen its digital transformation journey, enhance its tech stack, and fuel the digital transformation of financial services companies in India and beyond. TVG's India director, Darius Vakil, will join Perfios' board as the nominee for Ontario Teachers' Pension Plan.
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InMobi’s Mohit Saxena on building an indigenous tech stack in the AI age at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
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1m ago
Medial
Mohit Saxena, Co-founder of InMobi, is set to explore India’s potential in building its AI-native tech stack at the ET Soonicorns Summit 2025. The discussion will cover key themes such as original tech thinking, infrastructure challenges, and AI integration in foundational software architecture. Saxena emphasizes the importance of India overcoming its reliance on global tech entities and nurturing indigenous innovation to build scalable, purpose-built tech for future AI startups. The Summit aims to fuel India's innovation and growth ambitions.
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BASIC Home Loan snags $10.6 mn in Series B round
VCCircle
·
11m ago
Medial
Indian fintech platform BASIC Home Loan has raised $10.6m in a series B funding round led by Bertelsmann India Investments. The round also saw participation from CE-Ventures, Ashish Kacholia, and other existing investors. The Gurugram-based startup intends to use the funding to expand its market presence, enhance its technological capabilities, and build its own lending book. BASIC Home Loan, which was incorporated in 2020, aims to simplify the home loan process for borrowers in tier-II and III cities, using its proprietary technology stack to match lenders and borrowers.
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Fintech platform Grip Invest snags $10 mn from multiple investors in Series B round
VCCircle
·
1y ago
Medial
Fintech platform Grip Invest has raised Rs 82 crore (around $10 million) in a Series B funding round. The round was led by venture debt firm Stride Ventures and included both equity and debt investments. Other investors in the round included LC Nueva, Multiply Ventures, Venture Highway, Anicut Capital, and AdvantEdge. The funding will be used for product development, distribution, consumer reach improvement, and scaling technological stack. Grip Invest is a digital investment platform that offers high-yield, non-market-linked alternative investment opportunities.
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Health data platform HiLabs snags $38 mn from Eight Roads Ventures, others
VCCircle
·
1y ago
Medial
Health data analysis company HiLabs has secured $38 million in a Series B funding round led by Eight Roads Ventures and Denali Growth Partners, with participation from F-Prime Capital. HiLabs uses AI-powered solutions to clean data in the healthcare industry, aiming to provide timely access to clean data for payers, providers, and patients. The funds will be used to enhance its technology stack, recruit top talent, and expand its product teams. The company has opened research and development centres in Pune and Bengaluru and currently employs around 150 people.
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EV Component Maker Indigrid Technology Bags $5 Mn
Inc42
·
1y ago
Medial
Indigrid Technology, a full stack EV component provider, has raised funding in a round led by Cactus Partners. The funding will be used to expand production capacity and invest in research and development for its EV and ESDM verticals. Founded in 2015, Indigrid Technology has in-house design and manufacturing capabilities.
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SolarSquare has emerged as India's most trusted home solar brand: Taneja
Inshorts
·
8m ago
Medial
After SolarSquare raised $40 million in its Series B funding round, Lightspeed Venture Partners' Rahul Taneja said the solar installation startup has emerged as the "most trusted residential solar brand in India". "We love...passion with which co-founders have built the brand, product and full stack experience," Taneja added. Notably, Taneja's firm led the startup's funding round.
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Saudi VC Vision Ventures onboards Jordanian LP for second fund
VCCircle
·
9m ago
Medial
Saudi venture capital firm, Vision Ventures, has secured a limited partner commitment from Jordan's Innovative Startups and Small and Medium Enterprises Fund (ISSF) for its second fund, Saqr Fund II. ISSF, backed by the World Bank and the Central Bank of Jordan, has committed $5m to the $90m target fund to invest in Jordanian startups. Vision Ventures has already started deploying capital from Saqr Fund II, with investments including full-stack inventory management platform for the retail industry, Rewaa. Vision Ventures focuses on sectors such as fintech, SaaS, cybersecurity, and infrastructure technologies.
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Low-cost hydrogen cell startup Protonas bags funding in round led by Transition VC
Economic Times
·
1y ago
Medial
Protonas, a startup specializing in low-cost hydrogen fuel cell solutions, has raised funding led by Transition VC. The funds will be utilized to establish manufacturing operations in Chennai and develop prototype systems. The Tennessee-based company aims to offer affordable backup power applications in North American markets and power fuel cell engines for transportation applications in India and other parts of Asia. The investment from Transition VC, known for its focus on alternative energy solutions and networks in India, will support Protonas' growth and market access.
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Grapevine: Titan, Adani Group, Motherson plot M&As; GyanDhan seeks VC funding
VCCircle
·
3m ago
Medial
Indian conglomerates Titan and Adani Group are pursuing major acquisitions, with Titan eyeing Damas International and Adani leading in bidding for Diamond Power Infrastructure. Simultaneously, Motherson Group is set to acquire Marelli Holdings, enhancing its automotive component business. In the education finance sector, GyanDhan is closing in on securing new venture capital funding, which reflects its growth and expansion ambitions. Overall, these developments highlight significant strategic moves in India's business landscape.
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