European AI startup Axelera AI announced the close of its $27 million Series A investment round. The funding will support Axelera AI’s launch and mass production of its first-generation AI acceleration platform, powered by its disruptive in-memory computing and dataflow. Since its inception and initial funding last year, Axelera AI successfully taped-out its first testbench chip, developed…
Assiduus Global, an AI-powered cross-border and cross-marketplace e-commerce accelerator, has raised $15 million in Series A round of funding led by Pulsar Capital, 9Unicorn, Venture Catalyst, StrongHer VC, Carlos Cashman (founder of Thrasio) and Rajan Navani (JetLine Group of Companies). Assiduus’ spokesperson said about the event, “We are pleased to have received such a significant backing from such eminent funds, especially…
Rephrase.ai, a generative AI startup that aims to humanize communication through synthetic media, announced it has raised $10.6 million in a Series A financing round. This new financing was led by Red Ventures, a global company with a diverse portfolio of brands and businesses focused on offering premium content and personalized digital experiences, including Lonely Planet, CNET,…
PurpleTutor, which focusses on A.I based live classes, has recently raised Rs 10 crore (out of which Rs 3 crore was raised earlier) in its Series A round. The round saw participation from Disruptors Capital, IvyCap Ventures, Arjun Malhotra (Co-founder, HCL) and others. This round will help the company build its product offering and strengthen…
Japan-based 3D-printed prosthetic legs maker Instalimb raised 445 million yen (Rs. 26 crore) in Series A funding in Japan (including investment, loans, and grants) to foray into the Indian market and launched its technologically advanced prosthetic wear solutions in Gurgaon on 1st of July. Instalimb promises value proposition to the Indian market by revolutionizing prosthetic socket fit and production…
Internshala, a career tech platform for college students, raised an undisclosed amount in the Series A funding round from LC Nueva Investment Partners that raised the investment through their venture capital fund – LC Nueva Alternative Investment Fund (AIF). Vijay Datt, Founder, Promoter, and CEO of Citadel Management Consulting, also participated in the funding and…
FMCG wholesale platform ApnaKlub has raised $10 million in its Series A funding from Tiger Global. Earlier in August 2021, the startup raised a $4 million round from Sequoia India’s Surge, Blume Ventures, Whiteboard Capital and Flourish Ventures. The startup will utilise the funding to deepen infrastructure in key states, expand the platform from 5000 to 20,000 partners and build…
Finbots.AI, an AI-powered company bringing innovation to banks and financial institutions, announced that it has raised $3 million from Accel in as part of a Series A funding round. This investment comes from Accel’s Fund VII and is the first outside investment for Finbots.AI, a statement said. The funds will be used to accelerate product…
Bombay Play, a Bengaluru-based gaming studio, has recently raised $7 million in its Series-A funding round led by Kalaari Capital. Existing investors – Lumikai Fund, Leo Capital and PlayCo. apart from new investors like Winzo, AdvantEdge VC, AMEA Ventures amongst others also participated in the funding round. Founded in 2018 by Oliver Jones and Abhas…
Filo, an instant live tutoring startup, announced it has raised $ 23 million in a Series A funding round led by Anthos Capital, according to ETtech report. Existing investor Better Capital along with GSV, Sapling Capital, and a host of well known individual investors including Gokul Rajaram, Rob Frohwein (cofounder Kabbage), Mate Pencz and Florian…
Oloid, creator of the world’s first software-based physical access technology, a self-install Saas model, announced the close of its $12 million Series A funding round, led by Dell Technologies Capital with participation from Honeywell Ventures, Okta Ventures and other previous investors. The funding, which brings Oloid’s total raised since inception to $17 million, will be used to help expand Oloid’s retrofit…
causaLens, the London deep tech company delivering the future of AI, has raised a $45m Series A round. The round was led by Dorilton Ventures and Molten Ventures, with sizable participation from existing investors Generation Ventures and IQ Capital. GP Bullhound and others also joined the round, which was oversubscribed. Daniel Freeman of Dorilton Ventures has joined causaLens’s board of directors. Since emerging…
iMocha, an AI-powered digital skills assessment platform, announced a $14 million Series A investment round led by Eight Roads Ventures, with participation from existing investors Upekkha and Better Capital. Aditya Systla from Eight Roads Ventures and Prasanna Krishnamoorthy from Upekkha will join iMocha’s board of directors, the statement said. This is the first institutional raise…
Lahori, a Punjab-based beverage startup, announced it has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline & online expansion and will also enhance the national presence of the brand in retail chains. The fresh…
Polestar Solutions, a data analytics and enterprise performance management (EPM) company, announced it has raised an undisclosed amount of Series-A funding from a US-based strategic investor. The round of investment is driven by the significant revenue growth, strong traction (across segments and geographies), and competitive advantage the company has consistently established over consecutive years, the statement…