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VIE Stories
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Tally Solutions and Kerala Start-up Mission Collaborate to Accelerate Technology Adoption amongst Emerging Start-ups
- Tally Solutions partners with Kerala Start-up Mission (KSUM) to empower emerging businesses.
- The partnership aims to accelerate technology adoption, provide training and business management solutions for start-ups.
- The collaboration includes knowledge transfer sessions on marketing, growth strategy, and competition analysis.
- The partnership aims to foster innovation, drive economic growth, and position Kerala as a hub for start-ups.
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SiliconCanals
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Meet the startups from Rotterdam and South Holland region that raised funding in Q3 2024; 14 are hiring
- Dutch tech hub South Holland has become a hotspot for emerging technical businesses, with many of the start-ups in the area focusing on deep-tech solutions and impact-driven business models.
- Five South Holland campuses have received subsidies to develop research and innovation capacity and promote advanced technologies.
- According to the latest Quarterly Startup Report, €424m was invested in Dutch start-ups during Q3 2024, with cleantech and high-tech businesses driving growth.
- Nearfield Instruments, a Rotterdam-based developer of metrology and inspection solutions for the semiconductor manufacturing industry, raised €135m during the quarter, making it one of the largest semi-conductor fabrication equipment fundraisers in Europe and the US in the past five years.
- Other firms from the region attracting investor funds during Q3 include climate-tech start-up Paebbl, clean energy firm Equinox Ocean Turbines, and agriculture-focused tech firm Blue Radix.
- South Holland accounts for 29% of all Dutch deep-tech start-ups, and is home to 21% of all startups and scale-ups in the Netherlands.
- Several start-ups highlighted in the report, including Engaige, Shipping Technology, and Speaksee, are currently recruiting.
- The Rotterdam-The Hague metropolitan area is emerging as a key hub for Netherlands start-ups, thanks to programmes such as lending platform Up!Rotterdam, which provides businesses with access to programmes from leading organisations.
- Other start-ups listed in the Quarterly Startup Report include medtech firm Deepbreath and Turff, which develops expense management software.
- Overall, Q3 2024 saw no slowdown in the amount of investment flowing into Dutch start-ups, which was on a par with Q3 2023.
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ISN
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Logistics automation startup Elixia Robotics raises $1 million in a pre-Series A funding round
- Logistics automation startup Elixia Robotics has raised $1 million in a pre-Series A funding round led by JITO Incubation and Innovation Foundation (JIIF).
- The funding round saw participation from investors such as Motilal Oswal, Vimal Shah, Sparsh Jain, Vinod Dugar, Vimal Khinvasara, Ashok Shah, and Amit Chandwar.
- Elixia Robotics plans to use the funding to expand into the Middle East and offer advanced logistics solutions tailored to the region's needs.
- The startup also aims to enhance its product portfolio by integrating generative AI and machine learning technologies for improved logistics automation capabilities.
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SiliconCanals
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Germany’s OroraTech secures €25M to combat wildfires with thermal satellites and AI
- Munich-based OroraTech has secured €25M in a Series B funding round.
- OroraTech uses thermal satellites and AI to predict and prevent wildfires.
- The funding will be used to expand into new markets and enhance their technology.
- Investors include Korys, ECBF, and existing investor Bayern Kapital.
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Inc42
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Navi Closes $24.5 Mn Loan Securitisation Deal With Goldman Sachs
- Sachin Bansal's fintech unicorn Navi Finserv has closed a $24.5 Mn loan securitization deal with Goldman Sachs (India) Finance Pvt Ltd.
- The securitization deal is backed by a pool of unsecured personal loans originated and serviced by Navi Finserv.
- Navi Finserv aims to simplify and enable access to finance for a billion people through this transaction.
- Goldman Sachs has previously made a similar securitization deal with lending tech startup Aye Finance.
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Economic Times
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Evenflow raises undisclosed bridge round, readying for IPO in 2027
- Evenflow, a house of brands, has raised an undisclosed amount in a bridge round from serial entrepreneur Shail Patel and existing investors.
- The funds will be used to expand operations and grow the seven acquired homegrown brands, with plans to enter more countries.
- Evenflow brands have experienced 350% growth selling products on online marketplaces like Amazon and Flipkart.
- The company aims to prepare for an IPO by the end of 2027, with a focus on low risk and stable returns.
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Startupreporter
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The Biggest Celebration of India’s Entrepreneurial Spirit – ASCENT Conclave 2024
- ASCENT Foundation has announced the 9th Edition of its flagship event, ASCENT Conclave 2024.
- The Conclave will bring together over 700 entrepreneurs, thought leaders, and innovators.
- The event aims to empower entrepreneurs through learning from industry veterans and embracing innovation.
- Speakers at the Conclave include R. Gopalakrishnan, Anu Aga, Piyush Pandey, and Raamdeo Agrawal.
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Eu-Startups
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Paris-based Gladia raises €14.7 million to launch multilingual real-time audio transcription and analytics engine
- Paris-based Gladia has raised €14.7 million in a Series A funding round to develop a multilingual real-time audio transcription and analytics engine.
- The funding will be used to build an end-to-end audio infrastructure and enable voice-first platforms to deliver more value across borders.
- Gladia's new engine offers real-time transcription in over 100 languages, enhanced support for accents, and the ability to adapt to different languages on the fly.
- The company plans to expand its product offering and talent base as it prepares for international expansion.
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TechCrunch
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Gladia believes real-time processing is the next frontier of audio transcription APIs
- French startup Gladia has raised $16 million in a Series A funding round for its speech-recognition API.
- Gladia's API offers high accuracy and low turnaround time for converting audio files into text.
- The startup competes with other specialized companies in the speech-to-text space and supports diarization and a wide variety of languages and accents.
- With the funding, Gladia aims to integrate audio intelligence and large language model tasks into a single API call, as well as improve real-time processing capabilities.
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Eu-Startups
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AI innovators score the 2024 Nobel Prize “A turning point for science and innovation”
- John Hopfield and Geoffrey Hinton awarded the 2024 Nobel Prize in Physics for their contributions to neural networks and deep learning.
- Demis Hassabis, head of DeepMind, received the Nobel Prize in Chemistry for the development of AlphaFold, revolutionizing protein structure understanding.
- The recognition highlights the significant impact of AI on science, industry, and process transformation.
- The awards symbolize the beginning of a new era of hybrid intelligence, where AI and human intelligence collaborate to tackle global challenges.
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Medium
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From Bar Fights to Boardrooms: How I Built a Business While Fighting to Be Seen
- The journey of building a business while facing discrimination and prejudice.
- The early encounter with racism at a bar, setting the tone for a supportive partnership.
- Overcoming prejudice and difficulties in the business world.
- Reflecting on the experiences now that the business has been sold.
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Inc42
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ChargeZone Unveils Digital Platform To Streamline Battery Management
- EV charging startup ChargeZone has introduced a digital platform called Battery Passport System.
- The platform aims to optimize the value of batteries by keeping a record of information throughout their lifecycle.
- ChargeZone plans to offer Battery-as-a-Service (BaaS) model for large commercial EVs.
- The platform enables real-time monitoring of batteries and facilitates repurposing and recycling.
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VIE Stories
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[Funding News] Traqo Secures Pre-Seed Funding Led by We Founder Circle
- Traqo.io, a no-code third-party logistics management platform for manufacturers, has secured pre-seed funding led by We Founder Circle.
- The funding will be used to develop Traqo's AI and tech team and enhance the platform to meet the growing demand for efficient transportation solutions in online shopping and manufacturing industries.
- Traqo provides complete visibility across the freight cycle, offering manufacturers an effective logistics management solution.
- Stay updated with VIESTORIES for more news on startups, funding, and market trends.
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ISN
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Data Science Wizards raises $1.4 million in a seed round, launches next-gen AI solution for insurance
- Data Science Wizards (DSW) has raised $1.4 million in a seed funding round, led by an angel investor.
- DSW will use the funds to develop and enhance its deeptech AI platform, UnifyAI, and launch 'insurAInce,' a solution tailored for the insurance sector.
- UnifyAI offers pre-learned models and specialized tools to address insurance industry challenges, improving risk management, operational efficiency, and innovation.
- DSW plans to introduce domain-specific solutions for banking, telecom, retail, and manufacturing, enabling rapid implementation of AI use cases.
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Yourstory
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Future-proof careers: 5 jobs Elon Musk thinks will thrive
- AI and Machine Learning Specialists – Driving innovations in industries like healthcare and finance.
- Renewable Energy Engineers – Essential as the world moves toward sustainable energy solutions.
- Healthcare Professionals with Tech Expertise – Combining healthcare with technology such as AI diagnostics and telemedicine.
- Aerospace Engineers – Key players in space exploration as private ventures like SpaceX expand.
- Software Developers (Automation & Robotics) – Crucial as industries increasingly adopt automation and robotics.
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