EMPOWERING INNOVATION

Browsing author

FutureTech

Unbox Robotics raises $7 Mn in Series A funding round

Unbox Robotics, a robotech startup, has acquired $7 million in a Series-A fundraising round led by 3one4 Capital and followed by Sixth Sense Ventures and Redstart Labs. The round was also attended by the company’s founders Pramod Ghadge and Shahid Memon, as well as previous investors SOSV, Arali Ventures, WEH Ventures, BEENEXT, Force Ventures, Dr Vijay Kedia, Aditya Singh Pavitar Singh, and a few more. The money will be used to expand the staff across departments, meet worldwide client demand, conduct R&D, and expand into new geographies. Unbox Robotics, which…

Share2
Tweet
Share
Pin
2 Shares
FutureTech 0

This Machine Learning Algorithm Allows for Efficient and Accurate Verification of Quantum Devices

Technologies that exploit unique quantum mechanical behaviours are likely to become mainstream in the near future. Devices that utilise quantum information as input and output data, for example, may need thorough verification owing to inherent uncertainties. When the output of a device is time dependent and depends on previous inputs, verification becomes more difficult. For the first time, researchers utilising machine learning increased the efficiency of verification for time-dependent quantum devices by adding a memory effect found in these systems. Although quantum computers have made headlines in the scientific press,…

Share63
Tweet
Share
Pin
63 Shares
FutureTech 0

HealthQuad Raises funds to Invest In Disruptive Healthtech Solutions

HealthQuad, an Indian healthcare venture capital fund, has announced the pre-final closure of its second fund with a total subscription of INR 1,134.5 Cr ($150 Mn), more than double the fund’s target size of INR 550 Cr ($75 Mn). HealthQuad is a healthtech fund that invests solely in entrepreneurs that have technology-backed innovative healthcare models. The platform is supported by Quadria Capital, an Asian healthcare-focused private equity firm, and KOIS, an impact investment fund, which will also assist companies with industry knowledge, networks, and market access. So far, the fund…

Share1
Tweet
Share
Pin
1 Shares
FutureTech 0

Fintech startup Tyke gets $1.5 million funding

Tyke, a Mumbai-based fintech startup, has received pre-seed investment of $1.5 million from 9Unicorns, Better Capital, Ratio Ventures, and Venture Catalysts. Jitendra Gupta, Sweta and Amrish Rau, Varun Mittal, Sandeep Aggarwal, Navin Surya, and Ajay Rajan were among the angels that took part in the round. Tyke, which will be launched in the middle of 2021, will use software to enable entrepreneurs to transact and complete their fundraises digitally and instantly. “Our vision is to make private investing instant and accessible. We plan to use the funding to build distinguished…

Share32
Tweet
Share
Pin
32 Shares
FutureTech 0

Big companies will not attend CES 2022

Facebook, Twitter, Amazon, and Pinterest have withdrawn from the Consumer Electronics Show 2022. Amazon, Facebook, and Twitter have all issued separate statements stating that they will not be attending the CES 2022, which will be held in Las Vegas in January. For not attending the Electronics show, the companies cited growing concerns about the new Omicron variant. “Out of an abundance of caution and care for our employees, we won’t be attending CES in-person due to the evolving public health concerns related to COVID-19,” Meta was quoted as saying by…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

Monster.com raises ₹137.5 crore in a new funding round, company valued near $100mn

Monster.com, a Quess company and online talent platform, has raised 137.5 crore in a round led by Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments), with Quess participating. Following the funding round, the company is valued at around $100 million. The current close is at 112.5 crore, with an option to increase the round to 137.5 crore built in. The funds raised will be used to increase investments in product development and marketing in India, Southeast Asia, and the Middle East markets. The investment, according to the company,…

Share22
Tweet
Share
Pin
22 Shares
FutureTech 0

Snapdeal plans to raise ₹1250 crore through the sale of new shares

Snapdeal Ltd., an Indian e-commerce startup backed by SoftBank Group Corp., has filed preliminary documents for an initial public offering, joining the rush of tech companies looking to debut on the country’s exchanges in the midst of a record-breaking stock market rally. According to its proposal red herring prospectus, or DRHP, filed with the Securities and Exchange Board of India, the New Delhi-based company intends to raise 1250 crore ($165 million) through the sale of new shares. Furthermore, existing stockholders, including SoftBank, intend to sell up to 30.77 million secondary…

Share1
Tweet
Share
Pin
1 Shares
FutureTech 0

Aim launches local language innovation program

Niti Aayog’s Atal Innovation Mission (AIM) is launching a local language innovation programme to provide ecosystem services to innovators who do not speak English. It aims to provide learning materials in local languages, access to global markets, and funding for non-English speaking startups and innovators. The first leg, in collaboration with IIT Delhi, will begin on December 22 and will focus on design thinking and entrepreneurship. It is divided into three phases, the first of which is focused on training, while the other two will assist innovators in growing and…

Share2
Tweet
Share
Pin
2 Shares
FutureTech 0

The new Silicon Valley get-rich-quick job

When Sandy Carter quit her position as a vice president of Amazon’s cloud computing unit this month, she stated in a LinkedIn post that she was joining a crypto technology startup. She included a link for open positions at the startup. Within two days, she claimed, more than 350 people – many from the world’s largest internet companies – had clicked the link to apply for jobs at Unstoppable Domains. The company provides internet addresses that are stored on the blockchain, a distributed ledger system. “It’s the perfect storm,” Carter…

Share11
Tweet
Share
Pin
11 Shares
FutureTech 0

Spinny completes ESOP buyback worth $12 million

Spinny, a pre-owned car retailing platform, announced the completion of a $12 million (approximately Rs 90 crore) ESOP buyback for its current and former employees on Tuesday. Spinny, which recently added former cricketer Sachin Tendulkar as a strategic investor, has facilitated the first ESOP (employee stock ownership plan) buyback. ESOP is an employee benefit plan that gives workers ownership interest in the company. “It is imperative to nurture a working culture that inspires each and every team member to do the best work and have a say in all internal…

Share3
Tweet
Share
Pin
3 Shares
FutureTech 0