Sarvam AI, a Chennai-headquartered startup founded in July and developing its own generative artificial intelligence (Gen AI) models, said it has raised $41 million in a Series A round of funding, according to ETtech report. This first round of funding was led by Lightspeed Venture Partners. The other investors are Peak XV, formerly Sequoia India…
Researchers at India’s AI4Bharat are raising $12 million from venture capital firms Peak XV and Lightspeed Venture for an artificial intelligence startup, according to Reuters report. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI’s ChatGPT dazzled users with its ability to engage in human-like conversations. Most seed rounds are…
Lightspeed Commerce Inc., the one-stop commerce platform for merchants around the world to simplify, scale, and create exceptional customer experiences, announced that the Company has appointed Kady Srinivasan, former Klaviyo and Dropbox executive, as its Chief Marketing Officer, reporting to JP Chauvet, CEO of Lightspeed. “We’re thrilled to bring Kady onto the Lightspeed team as our new CMO…
Lightspeed Venture Partners (Lightspeed) announced the closing of Lightspeed Venture Partners XIV-A/B, L.P. (Fund XIV) with $1.98 billion, Lightspeed Venture Partners Select V, L.P. (Select Fund V) with $2.26 billion, and Lightspeed Opportunity Fund II, L.P. (Opportunity Fund II) with $2.36 billion of committed capital. Separately, Lightspeed India Partners announced the closing of a $500M…
Lio, a SaaS startup, has announced that it has raised $5 million in Lightspeed India Partners and Sequoia Capital India led seed funding round. “The investment by Lightspeed India and Sequoia Capital India helps accelerate Lio’s vision of enabling small businesses to be smarter by leveraging their business data for better decision making. We aim…
Rattle, a modern BizOps Automation & Orchestration platform, has announced a seed round of $2.8M from Lightspeed & Sequoia Capital India along with prolific angel investors including Amy Chang (EVP at Cisco & Disney board member), Ellen Levy (early investor in Outreach), Jake Seid (early investor in Brex & Carta), and Krish & Raman (the…
Kalam Labs, a live game streaming platform at the intersection of K-12 learning and multiplayer gaming, has announced a pre-seed round with Lightspeed and Y Combinator. With this capital, Kalam Labs plans to accelerate their product roadmap to build a “Metaverse for Science”, starting with virtual missions for 6-14 year old kids to learn their…
Edtech startup Teachmint said it has raised $16.5 million in Series A funding led by Learn Capital. Existing investors Lightspeed and Better Capital also participated in the round, along with CM Ventures. The startup will utilise the fresh infusion of capital for hiring talent, R&D on teaching technology, strategic acquisitions, and further market expansion. The…
Social media platform based on regional language – ShareChat has raised $502 million at a $2.1 billion valuation from Tiger Global, Lightspeed, Twitter, Snap and other investors. “Excited to share that we have raised $502mn at $2.1bn valuation from Tiger Global, Lightspeed, Snap, Twitter and others. This capital will help us accelerate our journey of…
HealthPlix, a healthtech startup, has raised $13.5 million in its ongoing Series B round. Lightspeed Ventures led the financing round of the Bengaluru-based startup. Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Lightspeed and its affiliates currently manage $10.5B across the…
Zolve announced it has raised $15 million in seed funding round led by Accel and Lightspeed, with participation from Blume Ventures and notable angel investors including Dr. Ashish Gupta (ex-Helion MD), Greg Kidd (angel investor in Twitter & Ripple), Kunal Shah (founder of Cred), Rahul Mehta (Managing partner at DST Global) and Rahul Kishore (Senior…
Lightspeed, a global commerce leader, has announced the appointment of Manon Brouillette to its board of directors. Brouillette brings valuable insights and a fresh perspective as Lightspeed actively rolls out new innovations in cloud-based technology for SMBs in the retail, hospitality, and golf industries. In her new role, Brouillette will provide superior expertise as a…
Acceldata, the world’s first enterprise Data Observability platform, announced that it has raised $8.5 million in Series A funding led by Sorenson Ventures with participation from Lightspeed and Emergent Ventures. Acceldata’s data observability platform provides cross-sectional visibility into analytical and AI systems for global enterprise customers, including GE, PhonePe (Walmart) and Michelin, and many more.…
Lightspeed, a global commerce leader, announced the appointment of Merline Saintil to its Board of Directors. Saintil brings to the board years of experience developing award-winning products for Fortune 500 technology companies, including Intuit, Yahoo, and PayPal. Saintil has been named one of the Women of Influence in 2017 by Silicon Valley Business Journal, one…
The ongoing COVID-19 pandemic has become a major crisis for young business owners. With employees unable to attend offices, operations temporarily suspended and a government-imposed 21-day lockdown, everything for some time has come to a halt. The unprecedented health crisis is going to have a deep impact on every aspect of Indian society and the…