AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. The capital infusion, of which Rs 24 crore was in debt, will help the Hyderabad-based startup set up its first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city, founder and CEO Sanjay Nekkanti told ET.The latest funding comes amid a big push from the government towards...
Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million, Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- told PTI. Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It...
Financial services software firm Aurionpro Solutions on Friday said it will acquire banking and insurance focused startup Arya.ai for $16.5 million (about Rs 138 crore).Under the all-cash deal, NSE-listed Aurionpro Solutions is set to acquire 67% stake in the Mumbai-based company. Platform-as-a-service Arya.ai, founded in 2013 by IIT Bombay graduates Vinay Kumar and Deekshith Marla, had raised about $2 million from investors such as YourNest, DMI Sparkle Fund and Venture Nursery. Most of these...
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
Niamke Doffou selected the 'zero bags used' option on the self-service checkout as he packed up his £30 shop at the end of a night shift at Romford Sainsbury's Superstore. (File Image)
In the second part of VentureBeat's interview, George Kurtz, CEO of CrowdStrike, emphasizes the increasing importance of having cybersecurity expertise and leadership on corporate boards.
Making life better for people with disabilities is a laudable goal, but accessibility tech hasn’t traditionally been popular among VCs. In 2022, disability tech companies attracted around $4 billion in early-stage investments, which was a fraction of fintech’s intake, for example. One reason is that disability tech startups are often considered too niche to attain […] © 2024 TechCrunch. All rights reserved. For personal use only.
The collaboration will see the creation and utilisation of an AI suite, to be deployed in pre-clinical pathology assessments. : Deciphex partners with Novartis for AI drug research
London-based AI unicorn Stability has laid off about a tenth of its workforce as part of a “strategic plan to reduce” costs just weeks after the departure of its founder and CEO. The layoffs, affecting around 20 staff, were announced by Stability in a company-wide memo on Wednesday evening, first published by Business Insider. The […]
NIST, the U.S. government agency charged with testing emerging tech, has created a new platform to evaluate generative AI. © 2024 TechCrunch. All rights reserved. For personal use only.
Microsoft Advertising, which last got a new UI and Copilot integration, has revealed updates to its advertising platform and partnerships, which focuses on using genAI for advertisers and publishers. An important addition is Copilot within the Microsoft Advertising Platform. Copilot will have features like generating ad copy and image recommendations based on website URLs, creating high-quality images with text […]