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21 Oct 2024

AI and Tech Startups Revolutionize Healthcare in India, Addressing Critical Gaps

Indian health-tech startups are leveraging AI and advanced technologies to bridge healthcare gaps, attracting significant investments and transforming patient care across the country.

2 Sources

Perplexity AI: Rapid Growth and Potential $8 Billion Valuation Amid AI Search Revolution

Perplexity AI, an AI-powered search engine startup, is experiencing explosive growth and is reportedly in talks for a massive funding round that could value the company at $8 billion. The company now serves over 100 million queries per week and is introducing innovative features to compete with traditional search engines.

17 Sources

19 Oct 2024

Former OpenAI CTO Mira Murati Raises Over $100 Million for New AI Startup

Mira Murati, ex-CTO of OpenAI, is reportedly seeking over $100 million in funding for her new AI startup, focusing on proprietary AI models and products. This move comes shortly after her departure from OpenAI, signaling a potential new competitor in the AI landscape.

8 Sources

SandboxAQ Seeks $5 Billion Valuation in New Funding Round for AI and Quantum Computing Ventures

SandboxAQ, an AI startup spun off from Alphabet, is reportedly seeking a new round of funding that would value the company at over $5 billion. The company specializes in AI and quantum computing applications across various industries.

3 Sources

BullFrog AI Secures $3.13 Million in Funding Through Registered Direct Offering and Private Placement

BullFrog AI Holdings, a technology-enabled drug development company using AI and machine learning, has raised $3.13 million through a registered direct offering and concurrent private placement of shares and warrants.

5 Sources

18 Oct 2024

Karnataka Proposes Deeptech Innovation Cluster in Bengaluru to Boost AI and Emerging Technologies

Karnataka's IT Minister Priyank Kharge announces plans for a deeptech innovation cluster in Bengaluru, aiming to address gaps in AI, machine learning, robotics, and other emerging technologies while fostering startup growth.

3 Sources

Nixxy's Strategic Moves: AI-Driven Acquisitions and CognoGroup Spin-Off

Nixxy Inc. (NASDAQ:NIXX) is making waves with its AI-focused acquisition strategy and the spin-off of CognoGroup, aiming for a $1B valuation while leveraging AI technologies to transform traditional markets.

2 Sources

Eruditus Secures $150 Million in Funding, Plans AI-Driven Expansion and Potential IPO

Indian edtech company Eruditus raises $150 million in a TPG-led funding round, maintaining a $3 billion valuation. The company plans to focus on AI products, enterprise sales, and Indian market expansion, with a potential future IPO in India.

3 Sources

Microsoft and OpenAI's Partnership Shows Signs of Strain Amid Financial Pressures and Strategic Shifts

The once-strong alliance between Microsoft and OpenAI is facing challenges as financial pressures mount and both companies reassess their strategies in the competitive AI landscape.

9 Sources

Chinese Robotaxi Firm Pony AI Files for US IPO, Signaling Renewed Interest in Chinese Listings

Pony AI, a China-based autonomous driving company backed by Toyota, has filed for an IPO in the US. This move indicates growing investor interest in new listings and easing regulatory pressures on Chinese companies in US markets.

2 Sources

Worldcoin Rebrands as 'World', Unveils New Iris-Scanning Orb Amid Expansion Plans

Sam Altman's controversial "proof of personhood" crypto project Worldcoin has rebranded to "World" and introduced an updated version of its iris-scanning Orb device, aiming to scale up its human verification system globally.

13 Sources

Simplismart Raises $7M to Revolutionize Enterprise AI Deployment with High-Performance Inference Engine

Simplismart, an AI startup founded by ex-Oracle and Google engineers, secures $7 million in Series A funding to enhance its MLOps platform and inference engine, aiming to simplify AI adoption for enterprises with improved performance and control.

4 Sources

Zerve Raises $7.6M to Revolutionize AI and Data Science Collaboration

Limerick-based startup Zerve secures $7.6 million in seed funding to enhance its AI and data science development platform, aiming to streamline collaboration and accelerate project cycles.

2 Sources

17 Oct 2024

Cyera Acquires Trail Security for $162M, Bolstering AI-Powered Data Security Platform

Cyera, a cybersecurity unicorn, acquires Trail Security for $162M to enhance its data security offerings. The company is also reportedly raising funds at a $3B valuation, signaling significant growth in the AI-driven cybersecurity sector.

2 Sources

Budy Raises $4.2 Million to Revolutionize Sales and Marketing with AI

Budy, an AI-powered sales and marketing assistant, secures $4.2 million in pre-seed funding to simplify software stack management for businesses, focusing on AI-driven solutions for enterprise customers.

3 Sources

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