Wednesday, April 24

Tag: Detect Technologies

Top Five Funding of the Week (19th Nov – 24th Nov)
FUNDING

Top Five Funding of the Week (19th Nov – 24th Nov)

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of the last week that started from 19th November and lasted till 24th November.     1) Geek+ Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product devel...
IoT firm Detect Technologies Secured $3.3 million for International Expansion
FUNDING

IoT firm Detect Technologies Secured $3.3 million for International Expansion

A Chennai-based internet of things (IoT) company known as Detect Technologies has reportedly secured funds amounting to $3.3 million (Rs 23.6 crore) from SAIF Partners in a Series A round of funding. This funding marks the VC fund’s third such investment in the Internet of Things space. Backers like Bharath Innovation Fund, Axilor Ventures, BlueHill Capital and a few angel funds from the Keiretsu Forum also participated in the round. The company is planning to use these funds for international expansion, starting with Europe, and for building manufacturing capability for mass production of its patented technology products, Gumps and Noctua. Founded in 2016 by IIT-Madras alumni Daniel Raj David, Harikrishnan AS, Karthik R and Tarun Mishra, the startup uses its drone (Noctua) and an...