All India Council for robotics and automation hosts the 3rd edition of the global artificial intelligence summit and awards, an event first of its kind dedicated exclusively to discussing and highlighting the impact of AI in prominent sectors. India will witness the gathering of the global AI ecosystem on the 14th and 15th of September 2022 at Vigyan Bhawan, New Delhi. The global artificial intelligence summit and awards were born out of the desire to address and acknowledge the realm of AI and its significance among different sectors such…
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OfBusiness lending platform Oxyzo turns Unicorn after raising $200M in a Series A round
Oxyzo Financial Services, a Gurugram-based technology-enabled smart finance solution provider, announced today that it has raised $200 million in a Series A fundraising round at a $1 billion valuation, making it the country’s latest unicorn business. Alpha Wave led the fresh financing round, which was also joined by Tiger Global, Norwest Venture Partners, Matrix Partners, and Creation Investments. It’s worth noting that this is Oxyzo’s first external capital round, as the company began as OfBusiness Group’s financing platform before being spun off into its own company. Oxyzo was founded in…
Read MoreDeFi protocol firm Struct Finance raises $3.9M in a Seed round
Struct Finance, a Decentralized Finance (DeFi) protocol company, has raised $3.9 million in a Seed investment round to develop tools that would enable the ecosystem to design, compose, and invest in decentralised structured products. Antler, Arcanum Capital, Assymetries Technologies, Avalaunch, AVentures Dao, Bison Fund, Bixin Ventures, Blizzard Fund, Double Peak, FBG Capital, Finality Capital Partners, Infinity Ventures Crypto, Keychain Capital, Lancer Capital, Lucidblue, MC Ventures, QCP Capital, SCC Investments, Spark Digital, Wintermute, Woodstock, Zokyo, and 0xVentures led the new round With this round of funding, Struct Finance says it will…
Read MoreHacker Group Claims Large Trove Of Alleged Microsoft Source Code Leaked
This week, Lapsus$ was in the news again, this time claiming to have attacked and accessed source code from Microsoft. On Sunday, the hackers revealed the details of their new conquest on their Telegram channel. According to Lapsus$, the supposed Microsoft source code included data for Bing, Cortana, and other projects that Microsoft has been working on behind the scenes. And just 24 hours later, the hacker gang released the information in the form of a torrent containing over 250 projects from Microsoft’s repository. While uploading the torrent, Lapsus$ notified…
Read MoreSaaS startup Zocket raises $3M led by Kalaari Capital
Zocket, a Bangalore-based marketing software-as-a-service (SaaS) business, announced today that it has raised $3 million in a funding round led by Kalaari Capital, with Kettleborough VC and angel investor Jasminder Singh Gulati also participating (Founder of NowFloats). Zocket, which was founded in 2021 by Karthik Venkateswaran, Nandha Kumar Ravi, Sundar Natesan, and Mukund Srivathsan, claims to enable businesses launch digital ads in under 30 seconds. Their 150-variable unique tech stack generates the optimal ad copy, graphic design, and platform for any SMB. According to the company, the algorithm creates a…
Read MoreAquaculture startup Aquaconnect raises $8M in funding led by Trifecta Capital
Aquaconnect, a Chennai-based aquaculture business, has raised $8 million (about Rs 60 crore) in a venture debt financing round headed by Gurugram-based Trifecta Capital. Previously, in July 2021, the business raised $4 million in a pre-Series A investment from Japan-based Rebright Partners, Flourish Ventures, AgFunder, 6G Capital, and current investors Omnivore and HATCH. Aquaconnect is a full-stack platform that offers data-driven farm advisory solutions and marketplace solutions to Shrimp and Fish farmers. It was founded in 2017 by IIT Kanpur alumnus Rajamanohar. Through technology solutions, the platform works with fish…
Read MoreGoogle Photos is redesigning Library and Sharing tabs
Google is introducing improvements to its Photos app to make it easier to locate some of your photos. Google said in a blog post that it is revamping the Library tab, introducing a new shortcut for screenshots and, in the coming days, a carousel of contextual suggestions for some photographs. Everything you need to know about the new features coming to the Google Photos app is right here. The search giant has revealed that the Photos app will get a new “import photos area” alongside Locked Folder, utilities, archive, and…
Read MoreAsteria Aerospace launches drone software platform SkyDeck
Asteria Aerospace, a drone manufacturer and solution provider in India, has launched its drone operations platform SkyDeck, a Jio Platforms subsidiary. According to a press announcement, SkyDeck is a cloud-based software platform that provides a Drone-as-a-Service (DaaS) solution for a variety of industry verticals, including agriculture, surveying, industrial inspections, and surveillance and security. SkyDeck offers a unified dashboard and services for drone fleet administration, drone flight scheduling and execution, data processing, visualisation, and AI-based analysis of aerial data gathered by drones. The SkyDeck platform, according to the release, promotes operational…
Read MoreEnterprise software firm Locofy.ai raises $3 million in funding
Enterprise software business Locofy.ai has raised $3 million in pre-seed funding from investors including Accel, January Capital, Golden Gate Ventures, and Boldcap. The cash will be used to expand the engineering and data science teams at the startup, which provides a platform that translates concepts into production-ready code. Angel investors and tech founders from Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, and Wekan, as well as the former head of growth for Australian visual design platform Canva, took part in the round. Honey Mittal and Sohaib Muhammad founded Locofy.ai…
Read MoreTiger Global-backed Bizongo acquires internet-of-things startup Clean Slate
Bizongo, a B2B platform for customised goods, announced the acquisition of Clean Slate Technologies, a Mumbai-based internet-of-things (IoT) startup, for an undisclosed sum. Clean Slate’s Internet of Things (IoT) technology aids factory efficiency. Bizongo hopes to outfit more than 100 Indian manufacturers with its IoT-powered cloud factory solution by 2023 as a result of this acquisition. It also intends to roll out the solution at three different locations by July. Clean Slate’s asset, goods, and people-tracking capabilities and sensors will be integrated into the tech platform to generate data and…
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