🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

UptimeAI raises $14 Mn in Series A round

EntrackrEntrackr · 1y ago
UptimeAI raises $14 Mn in Series A round
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. 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.

Related News

Infinite Uptime raises $35 Mn in Series C round

EntrackrEntrackr · 10m ago
Infinite Uptime raises $35 Mn in Series C round
Medial

Infinite Uptime, a provider of predictive maintenance solutions for industrial machinery, has secured $35 million in its Series C round, led by Avataar Ventures with participation from StepStone Group and LGVP, along with existing investors Tiger Global and GSR Ventures. The Pune- and California-based startup has raised around $65 million to date, including an $18.85 million Series B3 round in May 2023. The fresh funds will drive Infinite Uptime's growth, facilitating the advancement of its IoT platform, broadening its presence in the manufacturing sector, and expanding its footprint in the U.S. and other international markets. Founded in 2015 by Raunak Bhinge, Infinite Uptime leverages advanced AI and machine learning to remotely diagnose and predict machinery issues, aiming to improve operational efficiency and reduce downtime. The startup currently serves 800 plants in nearly 30 countries and focuses on manufacturing industries, including cement, steel, metals & mining, FMCG, chemicals, oil & gas, power, pharma, tires, automotive, construction, pipes, and others. For the fiscal year ending in March 2024, Infinite Uptime's revenue surged more than two-fold to Rs 54.74 crore in FY24 from Rs 24.71 crore in FY23. The company managed to control its losses to Rs 8.4 crore in FY24 from Rs 13.5 crore in the previous year. Infinite Uptime competes with UptimeAI, which raised $14 million in a Series A round in July last year. Other global competitors include Sight Machine, Prospection, SparkCognition, and Augury.

10 min food delivery startup Swish raises $14 Mn

EntrackrEntrackr · 10m ago
10 min food delivery startup Swish raises $14 Mn
Medial

Exclusive: 10 min food delivery startup Swish raises $14 Mn Swish, a 10-minute food delivery startup, has secured Rs 122.32 crore in its Series A funding round, led by Hara Global Capital and existing investor Accel India. This follows just three months after its $2 million seed round. The board at Swish has passed a special resolution to issue 4,762 Series A compulsory convertible preference shares at an issue price of Rs 2,56,334 each to raise Rs 112.3 crore or $14 million, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital led the round with Rs 69.56 crore while Accel India invested Rs 52.18 crore. Kunal Shah-led QED innovation, and Gaurav Munjal (CEO of Unacademy) and Sumer Juneja, investment advisor at SoftBank, participated with Rs 20.5 lakhs, Rs 5 and Rs 30.7 lakh respectively. According to Entrackr's estimates, the company has been valued at around Rs 522 crore or $60 million post-allotment. After the new funding round, Hara Global Capital will own 13.33%, while Accel India will hold a 27.24% stake in the company. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja will each retain a 16.38% share following the Series A round. Founded in 2024, Swish’s 10-minute delivery model operates within a 1.5–2 km radius using cloud kitchens called ‘delight centers,’ ensuring fresh and hygienic food is delivered swiftly through its optimized full-stack approach. Swish is competing in the fast-expanding instant food delivery market, where Zomato, Swiggy, and Zepto are leading the charge. Zomato-owned Blinkit has also launched Bistro, a standalone app for instant food delivery. In December, Bhavish Aggarwal-led Ola entered the segment, while emerging players like Magicpin and Zing are gaining traction. The latest entrant to the space is cloud kitchen unicorn Rebel Foods, which has introduced a new app called QuickiES.

Electric Vehicle financing firm Mufin Green raises $5 Mn

EntrackrEntrackr · 1y ago
Electric Vehicle financing firm Mufin Green raises $5 Mn
Medial

Electric vehicle financing platform Mufin Green Finance has raised $5 million in a debt funding round led by BlueOrchard. Last month, Mufin raised Rs 140 crore (approximately $17 million) in a Series B round of equity funding, on top of Rs 530 crore raised in debt funding, last financial year. The funds will be utilised to propel its initiatives in the green and energy space, driving innovation, and facilitating sustainable development, Mufin said in a press release. Founded in 2016 by Kapil Garg, Mufin Green Finance provides financing options for EVs across two, three and four-wheelers. With a presence in 16 states across India, it has financed EVs worth over Rs 350 crore to date. Mufin claims to have recorded a 12-fold growth in just two years. The AUM for Mufin Green Finance stood at Rs 502 crore as of December 2023 and the company is expecting to close FY24 with an AUM of Rs 650-700 crore. In the electric vehicle financing space, Muffin competes with Revfin, Finayo, Vidyut, OTO, evfin, and Hero FinCorp, among others. Recently, Revfin raised $14 million in a Series B round led by Omidyar Network.

Fuze raises $12.2 Mn in Series A round led by Galaxy and e& Capital

EntrackrEntrackr · 8m ago
Fuze raises $12.2 Mn in Series A round led by Galaxy and e& Capital
Medial

Fuze Raises $12.2 Mn in Series A Round Led by Galaxy and e& Capital Digital assets infrastructure startup Fuze has raised $12.2 million in a Series A funding round led by Galaxy and e& Capital. Galaxy is a global digital assets and data infrastructure company, and e& is a UAE-based telecom operator. Earlier in September 2023, Fuze had raised $14 million in its seed funding round led by Further Ventures, with participation from Liberty City Ventures. This Series A funding will be used to support international expansion, product development, regulatory compliance, and team growth. Founded in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze offers digital assets-as-a-service infrastructure. The firm enables financial institutions and businesses to provide regulated digital asset services. Fuze also offers stablecoin infrastructure and has expanded into payments. The startup is currently active in MENA and Turkey, where it has processed over $2 billion in digital assets volume. It plans to enter the Indian market and is engaging with local regulators to address the country’s crypto regulatory environment. Its offering allows banks and fintechs to integrate digital asset products in a B2B2C model. The founding team brings experience from firms including Goldman Sachs, VISA, Microsoft, and Checkout.com.

Way2News raises $14 Mn in Series B led by WestBridge

EntrackrEntrackr · 1y ago
Way2News raises $14 Mn in Series B led by WestBridge
Medial

Hyperlocal news platform Way2News has raised $14 million in its Series B round led by WestBridge Capital, with participation from venture capitalist Sashi Reddi. With the fresh proceeds, Way2News will focus on scaling operations, enhancing technology, and expanding its presence in the South Indian market, the company said in a press release. In June 2022, the Bengaluru-based firm scooped up $16.75 million in Series A round. Founded in 2015, Way2News claims to have 6.5 million daily active users, 13 million monthly active users, and more than 50 million downloads across app stores. Hyderabad-based Way2News offers short, relevant, and reliable news stories extending beyond districts to villages and mandals in their local language such as Telugu, Tamil, Kannada, Malayalam, Marathi, Bengali, and Gujarati from trusted local sources. According to startup data intelligence platform TheKredible, Way2News increased its operating revenue by 6% to Rs 29 Cr in FY23 from Rs 27.35 Cr in FY22. Way2News had a loss of Rs 15.14 Cr in FY23 whereas it made a profit of Rs 4.78 Cr in FY22. In the news aggregation space, Way2News faces competition from InShorts, Dailyhunt, Inshorts’ Public app and Feedly.

Mem0 raises $24 Mn in Series A round

EntrackrEntrackr · 2m ago
Mem0 raises $24 Mn in Series A round
Medial

Mem0 raises $24 Mn in Series A round Mem0, a memory infrastructure platform for AI agents, has raised $24 million in its Series A round led by Basis Set Ventures, with participation from Peak XV Partners, Kindred Ventures, GitHub Fund, and Y Combinator. Strategic investors in the round include executives from Datadog, Supabase, PostHog, GitHub, and Weights & Biases. The proceeds will be used to expand engineering, support enterprise deployments, and form new partnerships with AI platforms and tooling ecosystems. Developers can access Mem0 through its API and open-source repository at www.mem0.ai. Founded in 2023 by Taranjeet Singh and Deshraj Yadav, Mem0 provides a production-ready memory layer that developers can integrate with a few lines of code. The system extracts and stores information from user interactions, resolves conflicting facts, applies confidence scoring, and retrieves relevant context. The platform is used to enable personalization and continuity in AI agent workflows. The firm reports 41,000 GitHub stars, 14 million Python package downloads, and an increase in API calls from 35 million in Q1 to 186 million in Q3 2025. According to the company, thousands of teams across startups and large enterprises use Mem0 in production. Frameworks including CrewAI, Flowise, and Langflow have integrated Mem0, and AWS has selected Mem0 as the memory provider for its Agent SDK. Developers use Mem0 to add persistent memory to large language model applications without building custom pipelines. The company positions itself as a core component of AI agent architecture, similar to authentication or databases.

Proptech startup Flent raises $2.5 Mn in pre-Series A round

EntrackrEntrackr · 10d ago
Proptech startup Flent raises $2.5 Mn in pre-Series A round
Medial

Proptech startup Flent raises $2.5 Mn in pre-Series A round Bengaluru-based proptech startup Flent has raised Rs 21 crore (about $2.5 million) in a Pre-Series A round, including Rs 17 crore in equity and Rs 4 crore in debt. The round was led by Incubate Fund Asia, with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and a group of angel investors, including BlackBuck co-founder Rajesh Yabaji. In addition, over 40 landlords and tenants using Flent’s platform collectively invested Rs 1 crore as part of the round. The proceeds will be used to expand beyond Bengaluru, with Mumbai and Gurugram identified as the next markets. Flent also plans to roll out new offerings across the rental journey, including flatmate discovery, vacancy protection for landlords, and AI-led location and budget discovery tools. Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent operates a full-stack rental platform offering fully furnished, move-in-ready homes with flexible lease terms. It manages the entire lifecycle, design, onboarding, tenant screening, maintenance, and rent assurance while removing brokerage and large security deposits. Flent currently manages 350 rooms across 140 premium homes in Bengaluru, with reported occupancy levels of 90–95%. The average customer stay is around 14 months, according to the company. On the supply side, the brand is targeting high-value residential properties, particularly those owned by investors and NRIs, where professional property management remains fragmented.

Download the medial app to read full posts, comements and news.