AI | Pixr8 News

22Jan By NitishNo Comments

FUNDING

Samya.AI Raises $6M in Seed Funding led by Sequoia India

CHICAGO, Jan. 22, 2020-- Samya.AI, an enterprise Revenue Growth AI SaaS company has raised $6 million in seed round funding led by Sequoia India. Samya's other initial investors include Ashish Gupta (Founder of Junglee.com and Helion VC), Deb Henretta (Partner, G100 Companies and Ex-Group President, P&G), Arijit Sengupta (Founder of Kradle Ventures and Antuit Inc), Deborah Kops (Ex COO and Board Member of Antuit Inc and Ex CMO of WNS) and Sandeep Sugla (Founder of Marketsandmarkets Inc). Samya.AI has been founded by Shailendra Singh, Deepinder Dhingra and Pavan Palety, experienced leaders who have previously held leadership positions at organizations including IBM, Noodle.ai, Mu Sigma and MarketsandMarkets. Shelly Singh and Deepinder Dhingra have been instrumental in scaling Mu ...

20Jan By NitishNo Comments

ACQUISITION

Apple acquires Xnor.ai for $200 million

Apple has acquired Seattle-based AI start-up Xnor.ai, which specializes in low-power, edge-based artificial intelligence tools for $200 million. However, the acquisition deal is yet to be confirmed by Apple but it said that, “Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans.” Xnor.ai has a software tool that uses artificial intelligence to recognize objects. This software is used directly from an iPhone rather than from the cloud. These image recognition tools can become standard features for future iPhones and webcams. This acquisition resembles Apple’s purchase of Seattle startup Turi in 2016. Turi's software helps large and small organizations make better sense of the data they collect. In 2014, Appl...

28Nov By PriyankaNo Comments

FUNDING

Corporate Travel Management Company Tripeur Raises $1M Funding

Tripeur, the world's smartest corporate travel management company, raised $1 Million funding from SenseAI, Better Capital, Alacrity India, Patni Wealth Advisors, and others. Existing investors Incubate Fund and Rajul Garg also participated. Tripeur's AI platform has powered over 1.4 lakh corporate travel transactions for over 50,000 business travelers and set new standards in corporate travel booking experience. The company is on track for yet another year of stellar growth and is planning to use the fund to grow 5X, further strengthen its Artificial Intelligence capabilities and explore international markets. "We are noticing that the corporates, small and large, are spending 20% to 30% more than what they ideally should on travel. Our singular purpose is to help corporates to cont...

US based UST Global invests in Indian startup Cogniphi Technologies

20Nov By PriyankaNo Comments

FUNDING

US based UST Global invests in Indian startup Cogniphi Technologies

US-based tech company UST Global invested in Cogniphi Technologies, an AI and cognitive technology startup in India. The strategic investment will accelerate the development and advanced research of Cogniphi's Artificial Intelligence and Vision (AIVI) platform, and the companies will formalise a joint go-to-market strategy, a statement said. Cogniphi's AI solutions are used by manufacturing, retail, surveillance, public sector, healthcare, and logistics companies. The Trivandrum-based startup also has ongoing projects in telematics, security, and surveillance through its associate company, Ideas and Innovations Squared Technologies (II2). "Investing in Cogniphi Technologies reflects our continued commitment to offer the best of technologies for our clients. At Cogniphi, we have s...

25Oct By AdityaNo Comments

FUNDING

AI startup Crediwatch raises $3.2M funding

Crediwatch, a Bangalore-based fintech company building AI/ML tools to help the financial services industry reduce credit risk, has secured US$3.2 million in Series A funding. The funding round was led by ARTIS Labs. Abstract Ventures also participated in this round. The funding will accelerate R&D and commercialization of Crediwatch’s platform. Prior to this round, Crediwatch has raised US$1.6 million. Crediwatch is a ‘data insights-as-a-service’ company that provides lenders, businesses with actionable credit intelligence on private entities they need to improve trust and increase their lending and trading activity. Crediwatch does this with no human intervention by deploying the latest practical AI and technology tools that provide the most reliable comprehensive real-t...

Airtel acquires Stakes in Vahan, Launched Startup Accelerator Program

25Oct By AdityaNo Comments

ACQUISITION

Airtel acquires Stakes in Vahan, Launched Startup Accelerator Program

Bharti Airtel has acquired stake in Bengaluru-based AI startup Vahan and also launched its first startup accelerator. Airtel's Startup Accelerator will enable early startups get access to Airtel's online and offline distribution network, deep market understanding and ecosystem of global strategic partners. Airtel developed in-house capabilities around machine learning and artificial intelligence which could be leveraged to aid the growth of startups. Airtel also announced the induction of Bengaluru-based tech startup Vahan into its Startup Accelerator Program. "Airtel will acquire a stake in Vahan and partner with them in building significant scale to achieve their vision of enabling jobs for the next billion internet users," the statement added. Founded in 2016, and backe...

15Oct By AdityaNo Comments

INDIA

Huawei deploys first AI based Pre-5G tech in India

Controversial Chinese telecom giant Huawei has deployed India's first artificial intelligence (AI) based pre-5G technology on the Vodafone Idea network. The telecom gear maker claimed that the deployment of AI-based massive MIMO (multiple-input and multiple-output) network will enhance the user experience by three-fold within the same set of the spectrum. "We are consistently deploying futuristic, next generation technologies to enhance the capacity and efficiency of our network. Adding AI capabilities to India's largest deployment of massive MIMO for enhancing user experience is a further testament of our commitment to creating a future-proof network for the digital era," Vodafone Idea Ltd Chief Technology Officer Vishant Vora said in a statement. Massive MIMO leverages 5G techn...

Automation Platform Jaunt XR Acquired by Verizon

2Oct By AdityaNo Comments

ACQUISITION

Automation Platform Jaunt XR Acquired by Verizon

Jaunt XR announced the acquisition of its software, technology, and certain other assets by Verizon Communications Inc for an undisclosed amount. Jaunt has raised over $100 million in venture funding from Disney, Google's venture arm GV, Evolution Media Partners, CMC, Highland Capital Partners, and RedPoint Ventures. Jaunt XR is a leader in the immersive industry with a focus on the scalable creation and distribution of volumetric video of humans. “We are thrilled with Verizon’s acquisition of Jaunt’s technology,” said Mitzi Reaugh, President & CEO of Jaunt XR. “The Jaunt team has built leading-edge software and we are excited for its next chapter with Verizon.” Jaunt will be assisting Verizon with the transition of select portions of the software and technology for a brie...

McDonald’s to Acquire Apprente to Automate its Drive thrus Outlets

16Sep By NitishNo Comments

ACQUISITION

McDonald’s to Acquire Apprente to Automate its Drive thrus Outlets

CHICAGO, IL, September 16, 2019– McDonald to acquire Apprente, an early stage leader in voice-based, conversational technology. The deal advancing McDonald’s technology capabilities between employee and their customers. The announcement comes after extensive exploration with several parties, including evaluating Apprente’s solutions in McDonald’s test restaurants. Apprente was founded in 2017 in Mountain View, California, to create voice-based platforms for complex, multilingual, multi-accent and multi-item conversational ordering. In McDonald’s restaurants, this technology is expected to allow for faster, simpler and more accurate order taking at the Drive Thru with future potential to incorporate into mobile ordering and kiosks. “Building our technology infrastructure and dig...

25Aug By AdityaNo Comments

FUNDING

Ecobillz Raises Pre Series A Funding From 92 Angels

Belgaum-based digitisation start-up Ecobillz has raised an undisclosed amount in a pre-Series A round led by IIM Ahmedabad alumni-backed 92Angels. Ecobillz is a platform which leverages artificial intelligence (AI) and machine learning (ML) to digitise and aggregate information from documents. The funding will be used by the start-up for the expansion of the product and engineering teams and to augment the sales and go-to-market capacity. Founded in 2016 by Ameet Patil and Nitesh Singh Rathore, Ecobillz has solutions that can digitise documents downloaded from any software. Apart from its capacity of aggregating information through AI/ML, Ecobillz’s platform can derive insights from aggregated data through advanced analytics. 92 Angels is an angel network founded by Indian In...

Predictronics Raises $3.2 Million from TVS Motor Singapore

19Aug By AdityaNo Comments

FUNDING

Predictronics Raises $3.2 Million from TVS Motor Singapore

TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor India invest $3.2 million in US-based Predictronics Corporation, which specializes in providing end-to-end predictive maintenance analytics solutions. Predictronics' solutions combine expertise in IoT, Industrial AI, Big Data, Machine Learning, and Predictive Analytics to remove the uncertainty from industrial operations and improve process uptime, production planning, maintenance, and product quality by providing actionable information and accurate predictions that empower clients to have a transparent, worry-free business. Their claim to fame is that "We know what happens next, and so can you." Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore), stated, "We evaluated many companies globa...

16Aug By AdityaNo Comments

FUNDING

Uniphore Raises USD 51 Million in Series C Funding

Uniphore, an AI technology company raised $51M in Series C funding led by March Capital Partners, with participation from Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, plus other investors. The new round of funding is Uniphore’s largest to date and marks one of the most substantial funding rounds in the conversational AI sector. Uniphore will use the funds to accelerate its go-to-market in North America, invest in research and development for the next wave of innovation on its platform and grow its talented employee base globally. “With this new round of funding, we will be able to accelerate our global expansion and better serve our customers by developing and delivering innovative CSA solutions to more organizations around t...