Rupifi, a Bengaluru-based fintech firm that offers SMEs on B2B marketplaces a flexible BNPL credit line, announced today that it has secured $8 million in a venture debt round led by Alteria Capital, Trifecta Capital, and Innoven Capital. Rupifi, founded in 2020 by Anubhav Jain, Ankit Singh, and Jawaid Iqbal, provides embedded financing solutions to B2B marketplaces through its finance platform. Small enterprises (SMEs) in industries such as food, pharmaceuticals, fashion, electronics, agriculture, and general items are now served by the startup. The platform provides B2B BNPL (buy now, pay…
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Glance acquires Gambit to bring NFT-based live gaming on lock screens
Glance, a Singapore-based startup that utilises artificial intelligence to provide personalised content to smartphone lock screens, announced today that it has acquired Gambit Sports, an India-based gaming company, to bring NFT-based live gaming to lock screens throughout the world. Glance said five weeks ago that it was funding $200 million (about Rs 1,507 crore) to expand in Asia and launch in key global markets such as the United States, Brazil, Mexico, and Russia. Glance will achieve its goal of being the largest platform for NFT-based live gaming experiences for Gen-Z…
Read MoreMedtech startup MedisimVR raises Rs 3.5 crore in a pre-Series A round led by Inflection Point Ventures
MedisimVR, a med-tech startup based in Cambridge and Chennai that specialises in healthcare simulation, announced today that it has raised Rs 3.5 crore (US$458K) in a pre-Series A funding round headed by Inflection Point Ventures, a Gurugram-based angel investment group. Chennai Angels and Jana Balasubramaniam also took part in the round (MedTech investor). The funds will be used to expand the company’s product offering and add more skill training content to its library, according to the announcement. MediSimVR was founded in 2017 with the goal of making comprehensive medical training…
Read MoreSparkCognition acquires Bangalore-based AI startup Integration Wizards
SparkCognition, a provider of artificial intelligence (AI) software solutions, announced on Friday that it has reached a definitive deal to buy Integration Wizards, a visual AI player, for an unknown sum. It intends to expand its IP portfolio to incorporate computer vision capabilities as part of this acquisition in order to add value to its industry solutions. The technique, according to SparkCognition, makes use of new and diverse data sets such as CCTV feeds, drone footage, video from portable devices, and current camera infrastructures. Safety, security, visual inspection, productivity, and…
Read MoreFood robotics firm Mukunda Foods raises $5 million funding from Zomato
Mukunda Foods, a food robots business, has raised $5 million in a funding round led by Zomato, bringing its post-money valuation to $30 million. Ncubate Capital, Singapore Angel Network, and Indian Angel Network have all previously invested in the brand. In total, it has raised roughly $8 million, including the most recent round. The funds will be used to expand the company’s reach into quick-service restaurants, cloud kitchens, and fine-dining establishments. Mukunda Foods is a food robotics firm founded in 2012 by Eshwar K Vikas and Sudeep Sabat. It develops…
Read MoreInstagram ‘s AI driven feed introduces a new feature
Instagram has started rolling out a new feature that allows users to view their feeds in chronological order. This method was available in the site’s early days, but that changed after the Meta-owned platform began to rely on algorithms and AI to present more’relevant feeds.’ Apart from the standard Home view, users may now choose between Favourites and Following. The change appears to be server-side, however if users are unable to view it, they should update the app from the appropriate app store. To choose Favorites or Following, users must…
Read MoreNew Android Malware Can Steal Your Password, Already One Million Phones Affected
Users of Android phones should be aware of a new malware that can steal credentials and has already been downloaded by over a million people. Worryingly, the malicious program is still available for download from the Google Play Store. Users have been warned about a new malware named FaceStealer that has disguised itself as an app called Craftsart Cartoon Photo Tools, which allows you to submit a photo and have it recreated as a cartoon render. The Android malware, which has a Facebook login screen and requires you to sign…
Read MoreOscars 2022: AI Predicts the Winners
Unanimous AI has been predicting Oscar winners, and the results have been astounding. Using its patented Swarm Technology, the company has predicted which actors and films will win in 16 award categories with an average of 90% accuracy. What is the process behind it? The company’s Swarm AI technology optimises a group’s combined knowledge, wisdom, insights, and intuitions into a unified output by combining real-time human input with AI algorithms – essentially creating an artificial super expert. In other words, forming hive minds. The Academy Awards will be held on…
Read MoreTCS , IIT Madras partner to launch M Tech in Industrial Artificial Intelligence
TCS has teamed up with the Indian Institute of Technology Madras (IIT-M) to launch an M.Tech programme in Industrial Artificial Intelligence (AI) for working professionals. The M.Tech programme at IIT-M is an 18-month course designed in collaboration with TCS that will be delivered live via virtual classrooms to upskill corporate employees in AI applications and solve industrial problems. TCS expects the course to help scale up competence throughout the Indian workforce and enhance the AI and machine learning knowledge ecosystem, allowing India to become a global innovation powerhouse. “TCS Research…
Read MoreWhatsApp multi-device support starts rolling out to all users
WhatsApp, the encrypted messaging service owned by Meta, has begun bringing out multi-device compatibility to all users. Users have had access to the feature through WhatsApp’s opt-in beta testing programme up until now. According to WABetainfo, the update will be available to iOS users this month, with an Android release following next month. With the new upgrade, you won’t need to keep your primary device connected to the internet to use the platform. On linked devices, viewing live location is not possible. The secondary devices are unable to create and…
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