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FutureTech

Upstox turns unicorn with $25 million investment from Tiger Global

The online investment platform Upstox has raised $25 million from existing investor Tiger Global. Tiger Global is an existing investor in Upstox The month of November has already witnessed five startups becoming unicorns with two more entering the coveted club this week. Now, a sixth company has turned into a unicorn: Upstox. Existing investor Tiger Global has contributed $25 million to the online investing platform. The new funding looks to be part of a larger round for the company. According to regulatory documents, Upstox has approved the offering of 18761…

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Amazon-sponsored artwork that ‘learns’ peoples’ emotion debuts at Smithsonian

The sculpture titled “me+you” interprets human emotion as coloured patterns The artwork was sponsored by Amazon web services The Smithsonian exhibition is featuring a sculpture by Suchi reddy, sponsored by Amazon Web Services that employs artificial intelligence to integrate viewers’ feelings into the artwork. “me + you” is the title of the sculpture. It hears what you have to say about the future and renders your words into a display of coloured lights and patterns. Amazon donated 1,200 hours of programming to assist the artwork in translating speech to text…

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WhatsApp to introduce some exciting new features

WhatsApp is exploring a number of intriguing features to improve the user experience. WhatsApp is also working on increasing the time limit for the Delete Message for Everyone feature and will shortly roll out a customized sticker creator for mobile users. Let’s see what important features WhatsApp going to roll out soon Delete message for everyone According to reports, WhatsApp is working to extend the time limit for the Delete Message for Everyone function. Users may already erase messages one hour after sending them, but WhatsApp is also exploring the…

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Tech Mahindra partners with Cogniac to provide AI-based machine vision solutions

Tech Mahindra announced partnership with Cogniac The partnership is intended to provide AI based solutions to enterprises Digital solution provider Tech Mahindra has announced a collaboration with Cogniac, a San Jose, California-based provider of enterprise-class Artificial Intelligence (AI) image and video analysis. By offering AI-based Machine Vision Solutions, the companies will make data management much easier for businesses all over the world. The partnership will boost company operational productivity by maximizing the value of visual data across industries such as automotive, railway, manufacturing, and government, according to a statement from Tech…

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Spinny enters the unicorn club After receiving $248 million in Series E round

Full-stack used car retailing platform Spinny has turned unicorn after raising around Rs 1,849 crore The company was valued at around $750-800 million during its Series D round.  Spinny, a full stack used car retailing platform, has become a unicorn after receiving around Rs 1,849 crore ($248 million) in its Series E round from new and existing investors. The new financing comes four months after the Gurugram-based company received more than $100 million in its Series D round led by Tiger Global. According to regulatory filings, Spinny has passed a…

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Paytm shares recover for two sessions: All you need to know

Shares of One97 Communications recovered sharply for the second session Paytm shares were trading nearly 16 per cent higher on the Bombay Stock Exchange (BSE) Shares of Paytm’s parent company One97 Communications recovered for the second straight session after falling sharply for the first two days. Paytm shares were trading nearly 16 per cent higher on the Bombay Stock Exchange (BSE) at above Rs 1,700 apiece at 12:50 pm. The shares of the biggest digital payments provider gained about 16% on the NSE as well. Paytm’s market value has surpassed…

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Salesken raises $22 million from Microsoft

Salesken confirmed that it has raised $22 million in a new funding round The funds will be used to accelerate salesken’s entry into the North American market Sales conversion Artificial intelligence startup Salesken confirmed that it has secured $22 million in a Series B round of investment led by M12, Microsoft’s Venture Fund. Abhi Kumar, Partner at M12, will join Salesken’s board of directors. Existing investor Sequoia India also joined in the recent round of funding. According to an official release, the funds will be allocated to boost Salesken’s entry…

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Industry 4.0 Centre of Excellence to be set up by AICRA at SKCET, Coimbatore

AICRA to set up Centre of Excellence at SKCET, Coimbatore The initiative aims to create a pool of skilled individuals for a technology-driven future The global leader in robotics and automation, AICRA to set up the Center of Excellence(CoE) at Srikrishna college of engineering and technology located at kuniyamuthur, Coimbatore. AICRA has signed an MOU with the college on November 23rd,2021. The initiative is focused on creating a dynamic environment for young and creative minds to imagine, explore and innovate through the help of the latest technologies and several related…

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Xiaomi 12 may come with a 50 megapixel camera : Says tipster

Xiaomi 12 is likely to come with a Snapdragon 898 processor. It may sport a Full-HD+ display, a downgrade from the Mi 11 launched last year. As we get closer to the release of Xiaomi’s next flagship smartphones, rumours about the Xiaomi 12 series start to circulate. A new one gives further insight into the camera features that we may expect from the series’ vanilla device. According to the source, the Xiaomi 12’s camera module would include a 50-megapixel primary lens. The leak comes from a well-known Chinese tipster, Digital…

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Indifi raises Rs 340 Cr in equity and debt round

Lending marketplace Indify raises Rs.340 Cr in a recent fundraising round Indifi operates an online lending platform that offers third-party loans to micro, small and medium enterprises Indifi, which operates an online lending platform that provides third-party loans to micro, small, and medium-sized businesses, has received Rs 340 crore (about $47 million) in mixed equity and debt round headed by CX Partners and OP Finnfund Global Impact Fund I. The equity round was also supported by existing investors CDC Group, Omidyar Network, Flourish Ventures, Elevar Equity, and Accel Partners. The…

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