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SimpliContract raises $1.8 million in seed funding led by Kalaari Capital SECTIONS Last Updated: Jun 14, 2021, 06:54 PM IST Share Synopsis SimpliContract, an AI- and SaaS-based contract lifecycle management platform, will use the funding from investors Kalaari Capital and others to drive its efforts in engineering, AI research and marketing. ETtech Guru Venkatesan, co-founder of SimpliContract. (Photo: Company website) Bengaluru:SimpliContract, a SaaS-based contract lifecycle management platform, has raised $1.8 million in a seed funding round led by Kalaari Capital, with participation from Picus Capital, Arka Venture Labs, and Digital Sparrow Capital. The Bengaluru- and Boston-based startup plans to use the funds raised to drive its efforts in engineering, artificial intelligence research, and marketing. ....
MadStreetDen expands into new segments with its AI platform SECTIONS Share Synopsis Blox.ai is pioneering a new category of digital transformation, focused on empowering companies to become AI-native, MadStreetDen CEO Ashwini Asokan says. ETtech Blox.ai provides companies with computer vision and Natural Language Processing-led enterprise solutions that solve problems ranging from data organisation and structuring to prediction and personalisation. (Photo: MadStreetDen website) Chennai:MadStreetDen is expanding its artificial-intelligence platform Blox.ai into newer segments such as education, entertainment, finance and healthcare. The platform is pioneering a new category of digital transformation, focused on empowering companies to become AI-native, said Ashwini Asokan, the founder and chief executive of the Sequoia-backed computer vision and AI startup. It is designed for three major functions: create and maintain data, create and maintain custom ....
We ll soon meet in your inbox. Please wait. The company will use the capital raised to consolidate its products in India’s video streaming market and expand into international markets. And to further build capabilities to position itself as a leader in the edge Artificial Intelligence space across industries. Founded by Gopichand Katragadda, Ganesh Suryanarayanan and Aditi Olemann in January 2019, Myelin Foundry aims to transform human experiences and industry outcomes, by building AI algorithms on video, voice, and sensor data, for edge devices. Myelin’s first product in the market, Fovea Stream, enables HD viewing with SD transmission. “Myelin has developed global leading products and capabilities in Edge AI. We look forward to partnering with BNV and accessing the Japanese ecosystem,” said Katragadda, also the chief executive officer of Myelin. “I am also happy to see the confidence of our seed round investors, as they continue to support our journey. ....
Explore Now Megvii Technology Ltd. is poised to become the first major Chinese artificial intelligence startup to go public after it filed for a Chinese Depositary Receipt offering on Shanghai’s Star board on Friday. The startup, backed by Alibaba Group Holding Ltd., plans to issue up to 253 million Class B shares as the underlying stock for the CDR offering, according to its prospectus. The offering may raise at least 6 billion yuan ($922 million) after fees, which will be used to fund research and development in robotics and visual Internet of Things as well as to replenish capital, the filing shows. Citic Securities Co. is the sponsor of the listing. ....