Discover 69 articles related to AI
Proptech startup Landeed has announced securing strategic financing led by Paradigm Shift VC, though the amount remains undisclosed. The funds will be used to extend Landeed's product line and expand its workforce to support growth both in India and internationally. Previously, in January 2023, Landeed raised $8.3 million from Y Combinator, Draper Associates, and Bayhouse Capital.
The Kerala Startup Mission (KSUM) is hosting an AI conclave titled "AI Day for Startups" on June 14 at Travancore Hall, Technopark campus, in collaboration with Google for Startups. The event kicks off at 10 am and features sessions designed to integrate generative AI into startup products.
Bhopal-based Swaayatt Robots has raised $4 million from U.S. investors, boosting its valuation to $151 million. This investment will further its development in autonomous vehicle technology. The company, led by Sanjeev Sharma, has made significant strides with its technology, already achieving Level 5 autonomy, which allows navigation through complex environments like construction sites. Swaayatt Robots is gearing up for a major demonstration in August, aiming to solve Level Four autonomy globally, and is eyeing further funding to reach its ambitious goals.
DocPlix, a health-tech startup, recently secured funding of Rs 1.2 crore from Inflection Point Ventures (IPV). The investment will fuel their product development, enhance AI capabilities, and broaden their market reach. Focusing on digitalizing health records in India, DocPlix aligns with the Ayushman Bharat Digital Mission to establish a secure and interoperable Electronic Health Record system. This expansion is particularly targeted at enhancing healthcare accessibility in tier-2 and tier-3 cities. Notably, DocPlix has achieved a high renewal rate of 93%, indicating strong customer retention and satisfaction.
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Indian startup NeevCloud has entered the AI cloud space with a substantial deployment of 40,000 GPUs, aiming to offer cost-effective, scalable cloud computing solutions to small and medium enterprises (SMEs). Founded by experts in cybersecurity and artificial intelligence, NeevCloud focuses on providing high-performance computing resources necessary for AI and machine learning applications. The startup targets industries such as healthcare and finance, aiming to become a key player in the global AI cloud services market.
Testsigma, an Indian-founded AI-powered, low-code test automation platform, announced it has raised $8.2 million in a funding round led by MassMutual Ventures, with participation from previous investors Accel, STRIVE, and BoldCap. The company, which raised $4.6M in 2022, introduced new GenAI features to enhance QA team efficiency and unveiled a product for the Salesforce ecosystem. Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma aims to automate testing using natural language and generative AI.
Gurugram-based healthcare company JiviAI has announced that its AI model, Jivi MedX, has outperformed giants like Google's Med-PaLM 2 and OpenAI's GPT-4 in the medical AI field. Achieving an impressive average score of 91.65 across nine benchmark categories, Jivi MedX is set to revolutionize medical diagnostics and patient care. Co-founded by Ankur Jain and G V Sanjay Reddy, JiviAI is driving forward with plans to launch Jivi MedX in August 2024, aiming to enhance healthcare outcomes through advanced AI capabilities. The startup is exploring partnerships to broaden its impact as it prepares for a global launch.
Discover how TWO, the startup supported by Reliance Jio, is revolutionizing the AI landscape with its SUTRA platform, capable of processing over 50 languages. This article delves into their recent $20M funding and explores the diverse applications of their innovative AI models, which promise to enhance user experiences across speech, search, and visual domains. Learn about TWO's strategic partnerships and its ambitious plans to expand its influence in the AI-driven digital world, particularly focusing on non-English markets in the Asia-Pacific region.