M12 | Pixr8 News

Logistics software company FarEye raises USD 25 million (around Rs 190 crore) in funding led by Microsoft's venture fund M12, with participation from Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF Partners also participated in the series D round. The company, which has raised USD 40 million till date, did not disclose the valuation at which the latest funds were raised. "We will use the funds to further invest in enhancing predictive capabilities of our platform as well as accelerating growth in Europe, the US and the Asia Pacific," FarEye co-founder and CEO Kushal Nahata told Pixr8 News. Founded in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar, FarEye's logistics platform enables enterprises to operate, track, and optimize their logistics operati...

Artificial Intelligence startup Netradyne that is concerned with driver and commercial fleet safety has reportedly raised funds amounting to $21 million in Series B funding. The round was led by Microsoft’s corporate venture arm M12 (formerly Microsoft Ventures). It also saw participation from backers like Reliance Industries and Point72 Ventures. Following the funding round, M12 will join the company board and "bring additional resources and expertise focused on scaling the company". The funds so raised by the company are being planned to be used in making a sizable investment in the application of AI and deep learning in new industry segments. This includes areas like Dynamic 3D or HD Mapping, Data Analytics and Insurance. "We’re excited about our investment in Netradyne, an innov...

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FarEye raises USD 25 mn funding, to accelerate growth in US, Europe

AI Startup Netradyne Raised $21 million in Series B Funding