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IIT-M startup Detect Technologies raises $12 m


IIT-M startup Detect Technologies raises $12 m
© Provided by The Times of India
Chennai: IIT-Madras incubated industrial AI startup Detect Technologies has raised $12 million in funding in a round led by Accel with participation from existing investors Elevation Capital, Bharat Innovation Fund,BlueHill Capital, and Axilor Ventures. Venture debt fund Stride Ventures also participated.
The startup said it will utilize this capital to further expand and strengthen its sales and operations teams across India and global markets of North and South America, Singapore, Indonesia, Middle East, and Europe in order to fulfil the increasing demand for industrial automation.
Part of the funds will also be used for R&D and product innovation. ....

United States , Tamil Nadu , Daniel Raj David , Adani Group , Tata Steel , Bharat Innovation Fund , Detect Technologies , Elevation Capital , Bluehill Capital , Stride Ventures , South America , Middle East , Raj David , ஒன்றுபட்டது மாநிலங்களில் , தமிழ் நாடு , டேனியல் ராஜ் டேவிட் , அதானி குழு , டாடா எஃகு , பாரத் கண்டுபிடிப்பு நிதி , கண்டறிதல் தொழில்நுட்பங்கள் , உயரம் மூலதனம் , புளூஹில் மூலதனம் , முன்னேற்றம் முயற்சிகள் , தெற்கு அமெரிக்கா , நடுத்தர கிழக்கு , ராஜ் டேவிட் ,

Grofers, Zomato and the big online grocery battle


Grofers, Zomato and the big online grocery battle
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Grofers is the latest beneficiary of the boom in
online grocery deliveries. The company is set to become the latest Indian startup unicorn after raising $120 million from
Zomato and
Also in this letter:
HC to hear Twitter India MD’s petition next week
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E-grocery sweepstake
E-grocer Grofers has signed a deal with Zomato and Tiger Global to raise $120 million, sources have told us. We were the first to report on May 7 that Zomato was in talks to invest $100 million in Grofers at a $1-billion valuation. ....

Blue Hill , New York , United States , Uttar Pradesh , Andhra Pradesh , Hong Kong , Republic Of India , Bajrang Dal , Brandi Bryant , Sameer Seth , Anirudh Krishnan , Jerry Yang , Tata Digitalacquired , Indian Space Research Agency , Axis Bank , Amazon Web Services , Vantrix Corp , Karnataka High Court , National Restaurant Association Of India , Bryant Consulting Group , Hunger Inc , Softbank Vision Fund , Cairn Energy Plc , Cantor Fitzgerald , Tide Platform Ltd , Bharat Innovation Fund ,

Detect Technologies gets $12 million funding from Accel, others


Detect Technologies gets $12 million funding from Accel, others
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Last Updated: Jun 30, 2021, 06:01 AM IST
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Synopsis
Industrial AI startup Detect Technologies’ funding round comes at a time when it’s looking to grow its presence overseas to tap the rising demand for automation amid a pandemic.
iStock
Industrial AI startup Detect Technologies works with over 45 customers, including Shell, Tata Steel, ExxonMobil, Adani Group and Reliance Industries.
Bengaluru:Industrial AI startup Detect Technologies has raised $12 million in a funding round led by US venture capital firm
Accel, as it looks to grow its presence in markets such as North America, Middle East and Southeast Asia driven by rising demand for automation on the back of the Covid-19 pandemic. ....

United States , Daniel Raj David , Barath Shankar Subramanian , Adani Group , Keiretsu Forum , Bharat Innovation Fund , Detect Technologies , North America , Middle East , Southeast Asia , Stride Ventures , Elevation Capital , Bluehill Capital , South America , Axilor Ventures , ஒன்றுபட்டது மாநிலங்களில் , டேனியல் ராஜ் டேவிட் , பாரத் ஷங்கர் சுப்ரமணியன் , அதானி குழு , பாரத் கண்டுபிடிப்பு நிதி , கண்டறிதல் தொழில்நுட்பங்கள் , வடக்கு அமெரிக்கா , நடுத்தர கிழக்கு , தென்கிழக்கு ஆசியா , முன்னேற்றம் முயற்சிகள் , உயரம் மூலதனம் ,