Founded in 2021 by Subhash Acharya and Avishek Sarkar, Seeds Fincap raised $8.5 million from Lok Capital and Z47. The Gurugram NBFC has disbursed Rs 600 crore in loans to 50,000 customers.
NBFC Seeds Fincap raises over $8.5 million funding from Lok Capital, Z47
Consumer lighting startup Corvi LED raises $8 million from Enam Investments
Corvi LED will use the funds to scale up operations and make substantial investments in marketing and distribution to strengthen its presence in the business-to-consumer (B2C) and business-to-business (B2B) segments. Founded in 2012, Corvi said it has disrupted the industry with innovations that have redefined the category.
Miko. AI, an AI-powered robot providing for educating children to use Gemini for quality control
Miko has built its own proprietary AI models over 10 years. Google’s Gemini plays a role in Miko’s automated quality assurance and security processes, to enhance the safety and reliability of image, audio, and conversational content. It achieves this by simulating diverse user interactions and identifying possible risks, including harmful content and misinformation.
AI company Tredence to scale up India operations
Artificial intelligence (AI) company Tredence is also recruiting for innovative roles to meet clients’ growing needs in GenAI while launching a GenAI upskilling program to prepare professionals for upcoming client projects. “While North America has been pivotal in our growth journey, we are excited about the immense opportunities in India, Europe and the Middle East,” said Tredence CEO Shub Bhowmick.
ASML beats Q2 earnings forecasts; bookings rise on AI demand
ASML dominates the market for lithography systems, complex tools that use lasers to help create the tiny circuitry of computer chips. Company CEO Christophe Fouquet said ASML continues to view 2024 as a “transition year” with broadly flat performance as it prepares for a strong 2025.
US-based AI startups that raked in over $100 million in funding in 2024
Globally, however, AI startups have been defying the ‘funding winter’ plaguing startups post pandemic. In the US, for instance, AI startups received $27 billion in funding in April-June, accounting for nearly half of all startup funding in the country during that period, data showed. AI startups for the first time became the largest segment during that quarter, as per Crunchbase.
US-based AI startups that raised over $100 million in funding in 2024
Globally, however, AI startups have been defying the ‘funding winter’ plaguing startups post pandemic. In the US, for instance, AI startups received $27 billion in funding in April-June, accounting for nearly half of all startup funding in the country during that period, data showed. AI startups for the first time became the largest segment during that quarter, as per Crunchbase.
Watertech startup Boon secures $5 million in funding from Roca Group Ventures
Boon, a watertech startup which specialises in remote water purifying, monitoring and dispensing products, has secured $5 million in funding led by Roca Group Ventures, a Spanish group, for which this is the first investment in India.
Google-backed AI startup Cropin wants to predict future of food
As the global population rapidly increases and concerns over food security grow, generative AI and large language models hold the promise of revolutionising contemporary agriculture in a world affected by climate change. Cropin technology integrates generative AI with forty years of climate data, environmental data, and knowledge graphs to analyse each crop on a country-specific basis.
In the age of AI, how much is Silicon Valley prepared to give back?
Silicon Valley’s efforts to give to those in need has propelled the idea of a guaranteed income — also known as cash transfers, unconditional cash and, in its most utopian form, universal basic income — into the mainstream. But a bipartisan political consensus around the movement is fracturing even though the data seems to show that the programs are effective.