Pi Ventures | Pixr8 News

24Mar By PriyankaNo Comments

FUNDING

FrontdeskAI Raises Additional $2 Million Seed Funding from Pi Ventures

PALO ALTO, Calif.-- FrontdeskAI, the leading developer of artificial intelligence (AI) assistants for small businesses, and the fastest adopted AI assistant in the wellness market, raises an additional $2 million in seed funding, bringing its total seed funding to $4.2 million. This round of seed funding was led by pi Ventures, an India based VC fund, and will help FrontdeskAI accelerate product development, increase customer acquisition and investigate new vertical markets. Previous seed rounds include $1.1 million in June 2018, led by Blue Pointe Capital, and $1.1 million in November 2018, led by Speciale Invest. pi Ventures partner, Abishek Surendran, will join the FrontdeskAI board which includes BluePointe Ventures managing partner, Sandeep Sardana, and Speciale Invest managing...

SigTuple rasies $19 Mn Funding From Accel and IDG Ventures

SigTuple, an AI-based healthcare startup has raised 19 million i.e approximately Rs. 130 crores in a Series B round led by IDG Ventures and Accel Partners. The investment round also saw participation from pi Ventures, Flipkart’s executive chairman Binny Bansal, Endiya Partners, Axilor Ventures. The Bengaluru-based company plans to use the funds in the expansion of assembly and distribution of AI100 along with research and development of new solutions that can boost its reach and market presence. Rohit Kumar Pandey, chief executive at SigTuple said, The major chunk (of the money) will go into setting up a manufacturing pipeline so that we can put more devices in the market. We have applied for US FDA and CE certification. Once we go through the stage, it will require more clinical tr...

IFC Invests $3 Million in AI Focused Fund Pi Ventures

International Finance Corporation (IFC), a part of the World Bank Group, is investing USD 3mn in pi Ventures maiden fund. The amount will be used by the early stage venture fund to invest in companies leveraging technologies such as applied artificial intelligence (AI), machine learning and IoT across a range of sectors, it said in a statement here. IFC is making investments through the IFC Startup Catalyst programme, which aims to build local ecosystems to drive innovation and entrepreneurship. IFC's venture capital investments in India include online grocery major BigBasket, edutech startup Byju's, Portea, a company providing affordable home care and BlackBuck, a leading player in elogistics.