Jupitice, the world’s first JuTech company, has raised $4 million in a Pre-Series A round led by Almas Capital Limited. Jupitice, founded by Raman Aggarwal, has designed and developed the next-generation justice technology platform based on AI/ML and blockchain. The fund was raised by the Chandigarh-based company in just a few months after its launch. The funds will be used for product development and global marketing. Almas Capital, also known as Almascaps, is based in the Cayman Islands and manages its fund management company, Almas Global Opportunity Fund. Almascaps is…
Read MoreAuthor: FutureTech
Whatsapp getting a design revamp
WhatsApp appears to be working on a new voice call interface. The interface would be available in both the Android and iOS versions of the messaging app. Through this new interface, WhatsApp hopes to improve the experience of individual and group voice calls. According to WABetainfo, WhatsApp is currently working to introduce a redesigned interface for users when making voice calls. The changes are not yet available even for WhatsApp beta testers. WhatsApp is redesigning the interface for a future update to make it more compact and modern, organising the…
Read MoreNinety One raises ₹225 crore in Series A funding round
Ninety One, a sustainable mobility brand, has raised 225 crore (or roughly $30 million) in its latest Series A funding, the company announced on Wednesday. A91 Partners LLP invested approximately 160 crore in the round, with participating investors including Fireside Ventures, Avaana Capital, and Tital Capital investing an additional 65 crore. With this funding round, AlphaVector (India) Pvt. Ltd.’s Ninety One is now valued at 1,000 crore (or roughly $132 million). According to the company, the proceeds of the current funding round will be used to invest in manufacturing facilities…
Read MoreIndia becomes the 3rd country hosting most number of unicorn startups
According to a report released on Wednesday, India has surpassed the United Kingdom to take third place in the list of countries that are home to such enterprises valued at more than $1 billion each, after adding 33 ‘unicorns’ in a single year. Last year, India ranked fourth in terms of the number of unicorns. According to data compiled by the Hurun Research Institute, the United States and its northern neighbour China, which rank first and second, are far ahead. The United States added 254 unicorns, bringing the total to…
Read MoreAdloid raises $4 Mn in pre-Series A
Chiratae Ventures (Formerly IDG Ventures) and Lenskart Vision Fund led a $4 million pre-Series A round for Adloid, an AR building platform. Prashant Pitti, co-founder of EaseMyTrip, as well as Seeders and 100x Entrepreneur, have also joined the latest round. Adloid is renaming to Metadome in this round, a metaverse that will give no-code infrastructure to creators and marketers for the virtual world. Metadome, founded by Shorya Mahajan, Prashant Sinha, and Kanav Singla, delivers augmented reality installations in the automotive, home-decor, cosmetics and accessories, and consumer electronics industries. To build…
Read MoreUnbox 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…
Read MoreThis 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,…
Read MoreHealthQuad 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…
Read MoreFintech 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…
Read MoreBig 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…
Read More