The Ministry of Electronics and Information Technology (MeitY) Startup Hub and Google have joined to support the Appscale Academy program, which trains early to mid-stage businesses to build high-quality apps for the global market. According to the company, the Appscale Academy Class 2022 helped one out of every three apps quadruple their installation count and visitor base by focusing on enhancing the user experience, security, user base, rating, and engagement rates. The Appscale Academy Class 2023, according to the company, will assist 100 more startups from Tier 1, Tier 2,…
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Business
Healthtech startup In-Med Prognostics raises $2.13M in funding led by Exxora
In-Med Prognostics, an AI-based health tech startup, has raised $2.13 million in a new funding round. The raised capital will be used towards expanding its product portfolio and tap global markets. Pune-based In-Med Prognostics, an AI-based health tech startup, has raised $2.13 million in a new funding round led by Exxora, along with the participation from angel investors. According to the startup, the raised capital will be used towards expanding its product portfolio and tap global markets. In-Med Prognostics, founded in 2018 by Latha Poonamallee and Rajesh Purushottam, offers AI-powered image processing proprietary…
Read MoreVirtual reality startup iXRLabs raises $800K in a seed round
iXRLabs has raised $800,000 in a seed funding round. The startup plans to use the raised capital for scaling up the product. iXRLabs, a Virtual Reality (VR) edtech startup for higher education, has raised $800,000 in a seed funding round led by an infrastructure development industry angel investor. The startup intends to use the funds raised to expand the product. Nihar Madkaiker founded iXRLabs, which provides experiential and immersive VR educational modules to universities and colleges in engineering, medicine, and sciences. According to the startup, its goal is to…
Read MoreIoT platform ThingsUp raises $600K in a seed round led by Silverneedle Ventures, others
Pune-based ThingsUp has raised $600,000 in a seed funding round. The funds raised will be used to double down on the product development, sales, and operations teams. ThingsUp, a Pune-based low-code platform that assists businesses in developing and deploying IoT applications, has raised $600,000 in a seed funding round led by Silverneedle Ventures, Udyat Ventures, Lead Angels, GSF (an existing investor), and other angel investors. The funds raised will be used to expand the product development, sales, and operations teams, according to the startup. It will also introduce two additional…
Read MoreDeepMind launches new AI tool, Dramatron, to write film scripts
DeepMind Technologies introduced Dramatron, a new AI film writing tool, on December 9th, amid the ongoing fascination with ChatGPT’s script-writing ability. DeepMind is a subsidiary of Alphabet Inc., Google’s parent company, which recently announced this tool for writing screenplays and professional scripts on Twitter. The company also mentioned the experts’ thoughts on this tool in another tweet. What does it offer? This new tool allows writers to rewrite, re-edit, compile, and draft their story by using an Open-AI OPI and Perspective API that detects and filters hate speech on the…
Read MoreWhat Sundar Pichai said about Google layoffs?
Sundar Pichai added that he cannot make “forward-looking commitments.” Last week, a report claimed Google would fire nearly 10,000 employees. Twitter, Amazon, and Meta have fired thousands of employees in the last two months. Google appears to be the next major tech giant to lay off thousands of employees to reduce operating costs in the face of uncertain macroeconomic conditions. Google parent Alphabet was reported to be laying off nearly 10,000 employees in the coming weeks last week. Following an all-hands meeting last week, things at Google have become tense….
Read MoreTech-enabled Carbon Credits startup Varaha Raises $4M from Orios, Omnivorezxsaxzsxssxa
Bengaluru-based Varaha platform has raised $4 million in a seed funding round. The platform was founded in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur. Bengaluru-based Varaha, a technology-enabled platform for generating carbon credits through nature-based solutions, has raised $4 million in a seed funding round led by Orios Venture Partners, with Omnivore, RTP Global, Better Capital, and other angel investors participating. Varaha was founded in 2022 by Madhur Jain, Ankita Garg, and Vishal Kuchanur to modernise carbon markets through diverse climate action projects that are vetted using advanced remote sensing…
Read MoreJava Capital Launches Rs 75 crore Seed Stage Fund
Java Capital has launched its first fund with a corpus of Rs 75 crore. The Fund has achieved its first close at Rs 30 crore and expects to do a final close in the next six months. Java Capital, a SEBI-registered Alternate Investment Fund (AIF) focused on seed-stage investments, has launched its first fund with a corpus of Rs 75 crore, including a greenshoe option of Rs 25 crore. The Fund, according to the firm, has completed its first close at Rs 30 crore and expects to complete its final…
Read MoreAdobe to begin selling AI-generated stock images
Adobe has announced that it will sell images generated by AI-powered tools Rapid advancements in generative AI systems have increased their popularity over recent months. Adobe has announced that images generated by AI-powered tools such as DALL-E, Stable Diffusion, and Mid journey will be sold. In recent months, rapid advancements in generative AI systems have increased their popularity. Shutterstock announced in October that it was expanding its partnership with DALL-E creator OpenAI. Shutterstock will offer DALL-E images to customers as part of the expanded partnership. Concerns have been raised about the…
Read MoreUniqus Consultech raises $12.5M in a Series A round led by Nexus
Uniqus Consultech announced the launch of its operations by raising US$12.5 million in a Series A funding round. The investment also marks the first investment for Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar, Former Chairman of KKR India. Uniqus Consultech, a tech-enabled global platform that provides ESG and accounting and reporting consulting, announced the launch of its operations by raising US$12.5 million in a Series A funding round for the sale of a minority stake. The funding round was led by Nexus Venture Partners,…
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