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Perfios, a B2B SaaS fintech company, has secured $229 million in its Series-D funding round from Kedaara Capital. The funds will be used to support Perfios' global expansion plans in North America and Europe, as well as to invest in new technologies to enhance its range of Decision Analytics SaaS products.
With a population of 1.4 billion powering the world's fifth-biggest economy, India is undergoing breakneck technological change, rolling out AI-based systems - in spheres from health to education, agriculture to criminal justice - but with scant debate on their ethical implications, experts say.
The funds raised will be used for research and development with a focus on artificial intelligence (AI). It also intends to significantly scale up its SaaS offerings, including TrackWizz Screenzaa, and bring in new products in niche areas of financial crime.
The company is offering to repay $300 million of the distressed debt within three months if the amendment proposal is accepted and the remaining amount in the subsequent three months.
The United States will argue Google didn't play by the rules in its efforts to dominate online search in a trial seen as a battle for the soul of the Internet. The US Justice Department is expected to detail how Google paid billions of dollars annually to device makers like Apple Inc., wireless companies like AT&T and browser makers like Mozilla to keep Google's search engine atop the leader board.