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ThirdAI raises $3 Mn led by Endiya Partners and Capria Ventures

EntrackrEntrackr · 28d ago
ThirdAI raises $3 Mn led by Endiya Partners and Capria Ventures
Medial

Deeptech startup ThirdAI has raised $3 million in a seed funding round co-led by Endiya Partners and Capria Ventures. According to the company, the fresh capital will be used to scale product development, expand engineering and go-to-market teams in India and overseas, and accelerate deployments with semiconductor toolmakers and fabrication facilities. Founded in 2024 by Vivek Vishwakarma and Sainyam Galhotra, ThirdAI is an India–US–based company building a causal AI–powered platform for root cause analysis (RCA) and troubleshooting in semiconductor manufacturing. The firm works with equipment manufacturers and semiconductor fabs to reduce downtime and improve production yield. ThirdAI’s platform focuses on automating root cause analysis, a process that is largely manual in semiconductor fabs and can take several hours per incident. It uses causal AI to identify cause-and-effect relationships across equipment logs, sensor data, images, and operational records to speed up diagnosis and resolution. The startup claims that its pilot and production deployments have shown reductions in diagnostic time and improvements in accuracy compared to manual RCA processes.

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AquaExchange raises $8 Mn in Series B round at $41 Mn valuation

EntrackrEntrackr · 23h ago
AquaExchange raises $8 Mn in Series B round at $41 Mn valuation
Medial

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation Aquaculture technology startup AquaExchange has raised $8 million (around Rs 72 crore) in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and support from Ocean 14 Capital. According to filings, the round was co-led by Endiya Partners and Factor Analytics, with investments of Rs 30 crore each, followed by Accion Ventures, which invested Rs 12 crore. AquaExchange's valuation has surged around 74% to Rs 372 crore (approximately $41 million) in the latest round, compared to Rs 214 crore during its Series A funding in January 2024. The fresh capital will be used to expand its international technology business, grow domestic market share, and strengthen its presence across the aquaculture value chain. Endiya Partners holds a 16.2% stake, followed by Accion Venture with 9.68% and Factor Analytics with 8.06%. Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange helps aquaculture farmers leverage technology to improve crop yields, reduce crop risks, and manage rising input costs. Its product portfolio includes PowerMon, a power management device, and AquaBot, an automated feed management system. The company claims to be the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform currently monitors over 80,000 acres of aquaculture farms globally and operates across five Indian states, along with international markets such as Ecuador, Saudi Arabia, and Madagascar. The company’s operating revenue rose 2.3X to Rs 240.51 crore in FY25 from Rs 104.88 crore in FY24, while its losses increased to Rs 12.71 crore from Rs 9.35 crore during the same period. The company also claims to achieve EBITDA profitability within the current financial year.

Equity management platform Qapita raises $26.5 Mn in Series B round

EntrackrEntrackr · 5m ago
Equity management platform Qapita raises $26.5 Mn in Series B round
Medial

Equity management platform Qapita raises $26.5 Mn in Series B round Singapore-based equity management platform Qapita has raised $26.5 million in its Series B funding round led by US-based Charles Schwab Corporation, with participation from existing investors Citi and MassMutual Ventures. Earlier in October 2021, Qapita raised $15 million from East Ventures (Growth Fund) and Vulcan Capital and others. It has raised nearly $50 million to date. The proceeds will be used to help Qapita expand into the US market and launch its fund administration product across multiple regions. Qapita also plans a strategic collaboration with Charles Schwab on Schwab Private Issuer Equity Services powered by Qapita. Founded by Ravi Ravulaparthi (CEO), Lakshman Gupta (COO), and Vamsee Mohan (CTO), Qapita’s platform provides equity management solutions for private companies in India, Southeast Asia, and the US. It helps manage ownership records, employee stock plans, and investor reporting requirements. The platform also supports secondary transactions and liquidity programs, allowing participants to access value from their ownership. Qapita has offices in Singapore, India, Indonesia, and the US. Its goal is to digitize private market ownership and simplify management for companies and investors. The company has been supported by reputed global investors, including Cercano, East Ventures, MassMutual Ventures, Endiya Partners, Citi, Nyca Partners, and Analog Capital.

Sugar.fit raises $5 Mn more in Series A led by B Capital

EntrackrEntrackr · 1y ago
Sugar.fit raises $5 Mn more in Series A led by B Capital
Medial

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

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