Blockchain network 5ire became the 105th unicorn of India this week when it bagged $100 million in its Series A funding round from UK-based conglomerate SRAM & MRAM.
The company gears to further expand its global footprint to fulfil the accelerating demand for industrial automation CHENNAI, India, July 15, 2022 /PRNewswire/ Detect Technologies, a leading AI-based SaaS enterprise, announced today that it raised $28Mn in primary and secondary funding.Detect Technologies provides cloud-based applications to industries to automate and enhance visibility of industrial risks and improve productivity. Prosus Ventures led this round with significant participation from existing investors Accel and ElevationCapital, and continued support from other existing investors-Shell Ventures, Bharat Innovation Fund and Bluehill Capital. Detect Technologies has grown rapidly to become a leading industrial AI and SaaS enterprise.The company will utilize this capital to further expand and strengthen its sales and operations across international markets in North America and Europe. Operating in the fast-evolving space of AI, the company has also allocated funds for enric