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Hubli-based Aissel Technologies Wins Startup Karnataka Top Tech 25 Awards 2016

10Dec By PriyankaNo Comments

News

Hubli-based Aissel Technologies Wins Startup Karnataka Top Tech 25 Awards 2016

Hubli-based Aissel Technologies Pvt. Ltd. has been chosen as a winner in Startup Karnataka Top Tech 25 Awards 2016. At the BengaluruITE.Biz event on 30th November, the award was presented to Aissel by IT Minister Priyank Kharge, former Infosys CEO Kris Gopalkrishnan, Principal Secretary of ITBT V. Manjula and Director of ITBT Tanushree Dev. Co founders Suraj Prabhu and Mahesh Grampurohit received the award. Aissel Technologies is an enterprise cloud software company based in Hubli. Their medical thought leader management solutions are deployed at leading global life sciences companies. Aissel's solutions help their life sciences customers understand the landscape of key opinion leaders in any disease area and create targeted communications strategies thereby achieving stronger professio...

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

8Dec By AnkitaNo Comments

Entrepreneurs Talk

We are Ready to Build Hyperloop Between Mumbai and Pune: Bibop G Gresta, Co-founder of Hyperloop Technologies

Elon Musk-backed Hyperloop Transportation Technologies (HTT) Co-Founder Bibop G Gresta today said the company is ready to build Hyperloop between Mumbai and Pune, but the decision is left with Union Transport Minister Nitin Gadkari to go ahead with the project. "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pune," he told PIXR8 here on the sidelines of the Carnegie Global Technology Summit 2016 here. Hyperloop runs faster than an aircraft at a speed of 1,120 kmph. Asked about the regulatory challenges to build Hyperloop in India, Gresta said Gadkari, during the meeting, had expressed the Indian Government's w...

170 Million Downloads-This Chinese Application Has Outperformed Indian Applications

29Nov By AnkitaNo Comments

News

170 Million Downloads-This Chinese Application Has Outperformed Indian Applications

SHAREit started its campus activities on November 14, 2016. The teams summed up with many well-known Indian bloggers went on campus to discuss with college students about the impact of SHAREit on the Indian Internet market, sharing interesting stories in the course of development, maintenance and application of the software. There are around 170 million users in India, out of which most of them are college students. The process of information sharing is mainly from that group, and they most likely rely on speed sharing through SHAREit. At Indian universities, all students are familiar with SHAREit as the main near field transmission software. In daily life, it has become the most commonly used app among college students, sharing photos, music, videos. SHAREit recently topped the Too...

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

13Nov By NitishNo Comments

News

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

London's technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. "India is the second largest investor into London, after the US... Despite concerns over foreign investment inflows after the Brexit referendum, it will continue to be a top investor for us," Rajesh Agrawal, deputy mayor of London for business, told PTI here. Agrawal also chairs London & Partners, the official promotional company for London. The deputy mayor is visiting India on an international trade mission aimed at strengthening tech and trade links between London and India. He revealed that London is home to 39 per cent of the fastest growing Indian companies based in the UK, compared to 25 per cent last year....

Self Driving Won’t Work in India Because Nobody Obeys Driving Rules: RC Bhargava

6Nov By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Self Driving Won’t Work in India Because Nobody Obeys Driving Rules: RC Bhargava

At a time when the automotive world is bullish on self driving cars, Maruti Suzuki Chairman R C Bhargava says such autonomous vehicles will not work in India as "nobody obeys any of the driving rules". "I would love to see people try and put that technology to use in the Indian driving conditions," Bhargava said. At an interaction here late last evening, he was asked about his views on self driving cars and how were they likely to impact the traditional automobile industry. "I think no technology will work here when nobody obeys any of the driving rules, no nobody obeys any of the systems which are there. How will you devise a technology that will predict customer behaviour, nobody can predict customer behaviour?" he said. Asked about the impact of taxi aggregators like Ola and...

India is a Very Important Market For Watson: IBM

26Oct By NitishNo Comments

News

India is a Very Important Market For Watson: IBM

Technology giant IBM is placing big bets on the Indian market for its cognitive artificial intelligence platform Watson, driven by factors like a rich talent pool and fast pace of growth in uptake of technology products and solutions. Watson, which shot to fame is now being used across sectors, including assisting in treatment of cancer. IBM Watson GM David Kenny said India is an important market for the company for Watson deployment. "The biggest developer conference that happened (for the company) this year was in Mumbai. We see a lot of innovation coming out of India...The whole region is growing because the technology is growing at a faster rate, there isn't much legacy that needs to be adopted, so people are immediately deciding cognitive systems," he added. He further said: ...

Property Consultant JLL Invests in Tech Startup Foyr.com

24Oct By NitishNo Comments

FUNDING

Property Consultant JLL Invests in Tech Startup Foyr.com

Property consultant JLL India today launched a new vertical to invest in technology start-ups in the real estate sector, making first such investment in Foyr.com. JLL did not disclose the amount invested in Foyr.com -- a technology platform for visualising real estate space. But it expects three more investments this year and 10-15 in the next 12-18 months. Foyr's technology allows developers to market their developments and also customisation of interiors on the fly. The new independent real estate technology investment vertical will see infusion in start-ups or growth-stage companies developing innovative and disruptive technology solutions specific to the real estate sector, JLL said in a statement. "The purpose of this vertical is to invest into early-stage companies - or s...

21Oct By PriyankaNo Comments

FUNDING

Bengaluru Based Cloud Telephony Startup Solutions Infini Raises Funding From Italian Firm

With an eye on key emerging markets like India, leading Italian mobile services provider, Ubiquity, today announced that it has acquired a 51% majority stake in Solutions Infini, a Bengaluru-based enterprise communication and cloud telephony services startup. This strategic acquisition will broaden Ubiquity’s offerings and business solutions, including the addition of an innovative voice services platform by expanding its range of services to the enterprise and developer segments. The investment is part of Ubiquity’s drive to build and diversify its revenues and expand its international presence beyond Europe, particularly in the emerging markets, whilst also providing Solutions Infini with a global platform to scale up in other international markets. The combination of the two compa...

Saudi Arabia, SoftBank Plan $100 Billion Tech Fund

14Oct By reutersNo Comments

FUNDING

Saudi Arabia, SoftBank Plan $100 Billion Tech Fund

Saudi Arabia and Japan's SoftBank Group said they will create a technology investment fund that could grow as large as $100 billion, aiming to create one of the world's largest private equity funds. The plan is part of a series of dramatic business initiatives launched by Riyadh this year as Saudi Arabia, its economy hurt by low oil prices, deploys huge financial reserves in an effort to move into non-oil industries. SoftBank's founder and chairman Masayoshi Son, who has built his company into a $68 billion telecommunications and tech investment behemoth from a $50,000 start-up, has been seeking to expand in new areas. The Public Investment Fund (PIF), Saudi Arabia's top sovereign wealth fund, is set to be the lead investment partner and may invest up to $45 billion over the next ...

10Oct By AnkitaNo Comments

FUNDING

Machine-learning Platform for Healthcare DocSynk Closes $1 Million Seed Funding

DocSynk's new machine-learning platform uses data science to put people in control of their healthcare, driving productivity and reducing costs for employers, insurers, and doctors. Finding doctors, scheduling appointments, keeping on top of insurance, and complying with wellness and treatment plans are challenges we all have to face. It's a lot to keep track of. DocSynk is working to make it all much easier with a smarter, simpler app that uses the latest in machine learning and data science to deal with the complexity. Today, the company announced that it closed a $1 million seed funding round led by Hyderabad-based Naya Ventures. "DocSynk's mission of bringing transformation in patient engagement is sorely needed in US healthcare. Organizations of every size are looking for DocSyn...

6 Top Players Keen to Develop Ultra High-Speed Trains: Suresh Prabhu

6Oct By NitishNo Comments

INDIA

6 Top Players Keen to Develop Ultra High-Speed Trains: Suresh Prabhu

Six major global players have shown keen interest in developing ultra high-speed trains in the country, Railway Minister Suresh Prabhu said here on Thursday. "Using technology is... The next big thing, which is going to happen in the transportation sector... We just had a meeting in Delhi on September 2. We got six top global companies to come and talk about technological transportation technology that we will develop, co-develop, manufacture and use in India and then maybe, use outside the country," Prabhu said while addressing the India Economic Summit here. He spoke of the challenges of the 'Fourth Industrial Revolution', for which the need of the hour is "local solution with a global approach". Technology, Prabhu said, is something which is going to "revolutionise the entire stre...

26Sep By PriyankaNo Comments

FUNDING

Bengaluru Based Startup CropIn Technology Solutions Raises $2 Million Funding

Cropin Technology Solutions, a Bangalore-based startup has formally declared its investment deal with Sophia Investment ApS, Denmark. This series A investment of $2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion. The deal is a shot in the arm for CropIn Technology considering the avenues available in the agricultural sector and the CAGR of farm management software industry (ICT) growing at a pace of over 17% in India. "A robust growth chart, faith of our existing investors and continued traction in the agri business space for penetration made it ideal for us to raise this investment with an intent of expanding our belief of serving 20 million farmers by 2020. CropIn uses d...