Quick Bytes

Priothera

Biotech startup Priothera launches with $35.4 million Series A funding to develop treatments for patients suffering from leukemia

Priothera announced it has closed $35.4 million in Series A funding led by Fountain Healthcare Partners
Fintech startup Lydia

French Fintech Startup Lydia partners with Tink to enhance open banking options

Fintech startup Lydia goes to work with monetary API startup Tink for its open banking options in its app. Lydia began as a peer-to-peer fee app and now has 4 million customers in Europe. Lydia’s vision has evolved to become a financial super app that lets you control your bank accounts and access various financial services. In France, you can…
Logistics

Logistics startup unicorn Lalamove unveils foray into the US

Lalamove,  an on-demand logistics service active in China, Southeast Asia, and Latin America, has officially entered the U.S. seven years after launch. As the COVID-19 pandemic keeps millions of Americans home, Hong Kong-based Lalamove believes it can seize the growing demand for delivery services in the country. It makes its debut in the Dallas Fort-Worth area, a major hub for…
pizza-making robot

Pizza-making robot startup Picnic raises $3M as pandemic puts spotlight on food automation

Seattle startup Picnic raised an additional $3 million from existing investors as it gears up for a commercial rollout of its pizza-making robot.
biotechnology

Seattle, biotechnology startup HDT Bio raises $3M to support development of COVID-19 vaccine

Seattle-based biotech company HDT Bio enabling global access to immunotherapies for oncology and infectious disease, closed its seed financing round, totalling ~$3M.
Cardiac Dimensions

Seattle based startup Cardiac Dimensions raises $17.5M for heart-valve repair device

Cardiac Dimensions in the development of innovative, minimally invasive treatments for functional mitral regurgitation (FMR) in patients with heart failure, closed a $17.5m Series C financing.
AI knowledge base

Intelligent Knowledge Base Startup Golden Raises $14.5Million

The startup also announced the funding that it had landed a $1 million contract with the U.S. Air Force to help fight COVID-19 with information and knowledge derived from fragmented public sources
Neron escooter

E-Scooter Startup Neuron Mobility Raises US$12Million in Extended Series A Round

According to intelligence platform VentureCap Insights, Neuron is valued at $47.2 million, after raising US$18.4 million via the issue of new shares between late February and early March.
XtalPi

AI Drug R&D Startup XtalPi Lands Massive $319M SoftBank-Led Round C To Continue Its High-Tech Drug Discovery

XtalPi, an American-Chinese biotech firm that focuses on AI-assisted drug discovery, has raised a $319 million round C from a slate of enthusiastic investors led by SoftBank’s Vision Fund.
Immusoft

Seattle Based Biotech startup Immusoft Raised $4.5Million

Established in 2009, Immusoft develops immune cell technology that uses blood cells from a patient to create therapeutic proteins targeted to treat diseases.
attunely news

Seattle-based fintech startup Attunely raises $9M in funding to use machine learning to maximize revenue recovery

The global machine learning market is expected to grow from $1.41 Billion in 2017 to $8.81 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.1%
SpotOn news

Payment Solution Startup SpotOn Raises $60Million Series C To Support SMB Growth

SpotOn Transact, a software and payments company for small and medium-sized businesses, secured $60 million in Series C funding just six months after announcing its $50 million Series B investment.
Papa Secures $18M Series B To Connect Older Adults With Companions

Miami-Based Startup Papa Secures $18M Series B To Connect Older Adults With Companions

Now Papa has raised $18 million for its Series B round led by Comcast Ventures.
startup Volocopter

Air taxi startup Volocopter teams up with Schenker to deploy heavy-lift drones

The remote-controlled drone can lift a load of up to 200 kilograms (440 lb) and has a range of 40 kilometers (25 miles), making it ideal for jobs such as delivering medicines to a hospital or dropping off components at a factory.
Trump approves TikTok-Oracle deal

US President Donald Trump Approves Tiktok Deal with Oracle and Walmart

Oracle and Walmart said they were together investing to acquire 20% of the newly formed TikTok Global business.
Cyber Security

Seattle-area cybersecurity startup Polyverse raises $16M

The startup recently signed a partnership with SUSE, the world’s largest independent open-source software company.

Seattle startup Wrench acquires Lemon Squad to boost its vehicle-inspection services

Mobile car repair startup Wrench is diving deeper into services that go beyond vehicle maintenance

Athira Pharma to raise up to $170 million in IPO

The company will have 28.8 million shares outstanding after the IPO.
SpaceTech

Spacetech startups are ready to take off in India

Indian companies can spend less both in terms of manufacturing and operating costs as compared to US companies, the country has an enormous talent pool of engineers, and the VC ecosystem is warming up.
Girl studying online

Bengaluru Based Startup QShala Raised ₹ 2.7 Crore From Zerodha-Backed Rainmatter

Over 14 startups have raised funding since March 2020, as online education sees a massive boom in India.
Repos Banner

Ratan Tata-Backed Fuel-Delivery Startup Repos Energy Registers 150 Startups

Pune-based energy distribution company Repos Energy has registered over 150 fuel startups in less than a month.

General Motors Takes $2B Stake in Electric Truck Startup Nikola

General Motors announced its second major electric vehicle partnership in less than a week on Tuesday, this time a $2 billion deal with startup Nikola. GM will take an 11% ownership stake in the Phoenix company and will engineer and build Nikola’s Badger hydrogen fuel cell and electric pickup truck. The Badger is expected to…

VR enabled startup, Proxgy launches its virtual commerce platform in India

Proxgy is a visual commerce product that lets users experience almost everything just by sitting on their sofa.

Cricket Expert Harsha Bhogle Invests in Sports Gaming Startup Akhada

Cricket commentator and expert Harsha Bhogle has invested an undisclosed amount in gaming startup Fantasy Akhada, and will be the brand’s face for the next two years, the company said on Friday.
SoftBank Group

SoftBank Group eyes partners to bid for TikTok’s assets in India

SoftBank Group is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter.
CRED IPL BANNER

Fintech startup CRED is official partner for IPL 2020, says BCCI

Cred, a digital community of creditworthy individuals, merchants and institutions, on Wednesday announced that it has become the official partner of the Indian Premier League (IPL) 2020.
PicnicHealth

Health Care Startup PicnicHealth Raises $25M for its Patient Health Record Management Service

PicnicHealth, the startup that’s looking to give patients a way to manage their care in one place and pharmaceutical companies access to patient records for real-world data, has just raised $25 million in financing to grow its business. Founded in 2016 by a former international development worker and Crohn’s Disease patient, Noga Leviner, PicnicHealth’s initial…
Consumer Electronics

Consumer Electronics Indian Startup boAt Raises ₹25 Cr Debt Funding From InnoVen Capital

Consumer electronics startup boAt, through its parent company, Imagine Marketing Pvt Ltd, has raised ₹25 Cr in debt from venture debt and specialty lending firm InnoVen Capital. Founded by Aman Gupta, a chartered accountant, and Sameer Mehta, a former executive director at Kores (India) Ltd in 2016, boAt has over the years expanded its product…

Chan Zuckerberg Fund Backs Mumbai Based Startup Eruditus

Facebook founder and CEO Mark Zuckerberg and wife Priscilla Chan’s philanthropic organisation, the Chan Zuckerberg Initiative, has invested in education technology startup Eruditus, its second capital infusion into an Indian firm. People close to the development told ET that the funding is part of Eruditus’ ongoing Series D round that will see the company raising around $100…
Flowercycling Startup

Flowercycling Startup Raises ₹10 Cr. in Pre-Series A Round Funding

Phool.co, an IIT Kanpur backed biomaterial startup, has raised about ₹10 crores in a pre-series A funding round led by Ian Fund and San Francisco-based Draper Richards Kaplan Foundation. Founded by engineering graduates Ankit Agarwal and Prateek Kumar in July 2017, Phool.co is a startup focused on the circular economy which converts the floral waste…
pharma company

Bio-technology startup StemoniX agrees to merger with public pharma company

StemoniX will receive about 78% of Cancer Genetics' 2.31 million outstanding shares, making it the majority owner of the company. At Cancer Genetics's press timeshare price of around $7, the transaction will be worth $12.6 million to StemoniX.
robotics

Austin’s Fox Robotics raises a $9M Series A for its robotic forklifts

The latest round brings its total funding to date to $ 13 million, with the support of previous investors Eniac, Famiglia, SignalFire, Congruent, AME and Joe.
MindTree banner

Mindtree Founders To Start $120 Mn Fund For Early Stage Startups in India

MindTree has decided to start it's own $120 Mn fund to invest in tech startups.
sensebio

Indian Startup Launches E-store for COVID-19 Essentials

Commenting on the app launch, Atul Kapoor, Founder, sense.bio said, "Now since the unlock is happening across the nation and people are resuming work now it's the time to take extra safety measures with protecting themselves and boosting their immunity. We have made sure of the quality of products and are made in India."
Maruti Suzuki

Maruti Suzuki ties up with IIM-Bangalore to incubate mobility startups

The country's largest carmaker Maruti Suzuki India said it has joined hands with the startup hub and incubation center at the Indian Institute of Management, Bangalore (IIMB) to spearhead innovations in the mobility space.

India’s First Earth Observation Startup Pixxel Raises $5 million

  Bengaluru-based startup Pixxel is getting ready to launch its first Earth-imaging satellite later this year, with a scheduled mission aboard a Soyuz rocket. The roughly one-and-a-half-year-old company is moving quickly, and today it’s announcing a $5 million seed funding round to help it accelerate even more. Indian venture capital firms, Lightspeed India Partners, Blume…
startup

Bengaluru based startup DrinkPrime raises ₹21 crores led by Omidyar Network India

Subscription-based water purifier startup DrinkPrime on Tuesday raised ₹21 crores ($3 million) in a Pre-Series A round from Omidyar Network India and Sequoia Surge. The money will help the startup strengthen its team and invest in its growth plans to reach 1 million households in the next 3 years. “We are currently operating in Bangalore and…
Oyo’s

Oyo’s Ritesh Agarwal joins Venture Catalysts to promote entrepreneurship across India

In a bid to support India’s growing startup ecosystem, Ritesh Agarwal, founder, and CEO of Oyo Rooms will work as an advisor and mentor with Mumbai-based incubator Venture Catalysts (VCats). Agarwal will work with Dr. Apoorv Sharma, founder of VCats to promote entrepreneurship across the country’s tier 1, 2, and 3 cities and help India…
Sequoia

Sequoia leads $5m funding in Indian education loan startup

The fresh capital will be used to expand the company’s presence in towns and improve its collection efficiency and lending cycle management, Eduvanz said in a statement.
Skyroot rocket

Skyroot Aerospace becomes first Indian startup to test upper-stage rocket engine

SkyrootAerospace, a Hyderabad based Indian startup has successfully test-fired its upper stage rocket engine named 'Raman, which can place multiple satellites into orbit, a top official of the firm said on Thursday.
Doc sharing

Startup Company Coda, Valued Above $600M, Now Hopes to Compete With Google’s G-Suite

Coda is one of the newer entrants in the workplace productivity known as “the future of work,” which includes companies ranging from video-conferencing platform Skype to Microsoft’s Office 365.
Fibre Optics laying into Sea

India’s first undersea optical fibre cable introduced in Andaman and Nicobar Islands

The Submarine optical fibre cable project came into being when PM Modi began the development of the 2,312-Kilometers long submarine optical fibre cable project connecting Chennai - Andaman and Nicobar Islands
Flipkart

Flipkart Launches Accelerator Program to Back Early-stage Startups

“Flipkart Leap is aimed at unlocking this potential and nurturing new ideas that bring innovation, curiosity, and unconventionality to the local entrepreneurial ecosystem while boosting the government’s ‘Start-Up India’ initiative,” said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group.
AIA Office

AIA Rope Regional Partnership with Health Tech Startup Holmusk

Through this, its customers and AIA Vitality members can gain access to personal health coaching services based on their specific needs via Holmusk's network of nutritionists and dietitians.
mobile display

US President Imposes US Ban on TikTok, WeChat in 45 Days

Trump also said "WeChat automatically captures vast swaths of information from its users. This data collection threatens to allow the Chinese Communist Party access to Americans' personal and proprietary information."
Billionaire Yuri Milner Nears Funding in Indian Startup Byju’s

Billionaire Yuri Milner Nears Funding in Indian Startup Byju’s

The amount would make Byju’s India’s second-most valuable startup after Alibaba Group Holding-backed financial payments brand, Paytm.
Government to Fund 112 Agritech Startups

Government to Fund 112 Agritech Startups says Union Minister

Emphasizing on increasing private investment in agriculture, Tomar said his vision is to attract the youth to agriculture and rejuvenate the sector. He also stressed the need to make agriculture competitive, provide handholding to agriculture-based activities, and adopt new technology at the earliest to boost productivity.
Chinese artificial intelligence company

Chinese AI Company Files $1.4 billion Lawsuit Against Apple

In a statement, Apple said that its Siri does not contain features included in the Xiao-i patent, which the iPhone maker argues relates to games and instant messaging.
Microsoft want to buy TikTok

Microsoft in Talks to Acquire Chinese App TikTok

"A deal could be completed by Monday, according to people familiar with the matter, and the talks involve representatives from Microsoft, Bytedance, and the White House. Talks are fluid, and a deal may not come together," The Wall Street Journal reported.
FSD Pharma Announces

FSD Pharma Announces to Surrender Health Canada Licenses for Subsidiary FV Pharma Inc.

FSD Pharma has instigated the process of liquidating all FV Pharma assets, including the sale of the Company’s cannabis production facility in Cobourg, Ontario.
Google Unveils Model Card Toolkit

Google Unveils Model Card Toolkit

Google released a model card toolkit, a set of toolset designed to facilitate AI model transparency reporting for developers, regulators, and downstream users.
Google Extends Work From Home Policy Till Summer 2021

Google Extends Work From Home Policy Till Summer 2021

Google CEO Sundar Pichai wrote, “To give employees the ability to plan ahead, we are extending our global voluntary work from home option through June 30, 2021, for roles that don’t need to be in the office.”
Alibaba, Jack Ma Summoned By Gurgaon Court On Ex-Employee's Complaint: Report

Alibaba Group: Gurugram Court Summoned Jack Ma on Ex-employee Complaint

In more than 200 pages of court filings former employee Parmar included clippings of some posts showcased on the UC News app that he alleged were false.
Solar panels

EDF-Jinko Power Company wins Major Solar Project Deal in UAE

EDF said the Abu Dhabi solar photovoltaic plant would have a capacity of 2 GW, which would make it the largest single-project solar plant in the world, generating the equivalent electricity to power more than 160,000 households each year.
Verizon, IBM Collaborate on 5G IoT Solutions

Verizon, IBM Collaborate on 5G IoT Solutions

Both companies aim to combine 5G with edge computing to create a “cognitive automation” Artificial Intelligence framework. The platform will recognize natural language and allow autonomous decision making in various scenarios.
Microsoft Building

Microsoft Eyeing to Slash 1000 Jobs

A report from Business Insider had stated that Microsoft is slashing around 1,000 jobs across its businesses this week.

IQVIA Appoints Executive Vice President and CFO

“I am excited to continue serving the company as we navigate through the COVID-19 situation, execute the strategy that we first envisioned at the time of the merger, and drive towards the achievement of our Vision 22 goals,” said Mr. Bruehlman.
Whatsapp Banner

Brazil Will Authorize Payments System for WhatsApp If Certain Norms Followed

“We view the entry of ‘big tech’ as a huge opportunity. Everyone can participate. We will allow it, no problem. People can take whatever path they want, (do) whatever initiatives they want,” as long as rules are met, he confirmed during a live online event hosted by the Genial Investimentos.

Flipkart Acquire Walmart, Launches Walmart Wholesale

“Today marks the next big step as Walmart India’s pioneering cash-and-carry legacy meets Flipkart’s culture of innovation in the launch of Flipkart Wholesale. By leveraging each other’s strengths and unique expertise, this combined team will break new ground in their shared mission to help Indian businesses grow and succeed. We look forward to a bright future for Flipkart Wholesale,” said Judith McKenna, President, and CEO of Walmart International.
Image Meat Banner

B’town Couple Launch Plant-based Meat Venture

“We want to Imagine Meats to be the choice for anybody seeking the taste of meat, without the guilt of environmental and public health impacts – just as it will be for our own family,” said Genelia Deshmukh, founder of Imagine Meats.
Uber to Acquire Routematch in Latest Transit SaaS Push

Uber to Acquire Routematch in Latest Transit SaaS Push

Uber has made the official announcement that it has acquired Routematch, an Atlanta based company that provides software to transit agencies as the ride-hailing company looks to offer more SaaS-related services to cities. However, Uber did not disclose the amount and other terms of the deal. As a part of the deal, Routematch will integrate…

Zoom Unveils New Home Communication Device For Remote Workers

Zoom video communications on Wednesday have announced the launch of a 27-inch touch screen display aimed at remote workers. Priced at $599, the ‘Zoom for Home’ was touted as a combination of hardware and software designed for working remotely. The device comes pre-installed with the Zoom video app and will ship in August. The tablet…
Team Viewer

TeamViewer Acquires AR Company, Ubimax

TeamViewer, a leading global provider of secure remote connectivity solutions, announced on Tuesday, that it has signed a definitive agreement to acquire Ubimax, the leader in Wearable Computing and Augmented Reality (AR) solutions. With this acquisition, TeamViewer will significantly expand its AR and Internet of Things (IoT) offering industry-specific solutions for enterprise customers. These products…
Nokia Announces 5G Software Upgrade

Nokia Announces 5G Software Upgrade

Finnish vendor Nokia has recently announced the launch of a software-based upgrade that will unlock 4G LTE radio stations into 5G technology. This upgrade will provide immediate support without any additional equipment or replacement from the company. The company expects that the software will help in its battle against networks like Huawei and Ericsson –for…

Qualcomm to Boost Jio 5G plans in India

On Sunday, Reliance Industries Ltd. announced an investment from US 5G giant, Qualcomm. It will buy a 0.15% stake in Jio Platforms for $97.1 million (7.3 billion in ₹). The partnership will help Jio Platforms, the unit that houses Reliance’s telecoms venture Jio Infocomm, to “roll out advanced 5G infrastructure and services for Indian customers”,…

Google to invest $10 billion in India, says CEO Sundar Pichai

Google announces India Digitization Fund will invest in areas such as Internet access, new products and services, SMB development, and leveraging AI for social good. Google said on Monday, that it plans to invest $10 billion in India as the search giant looks to help accelerate the adoption of digital services in the key overseas…

Microsoft Acquires Orions Systems to Enhance AI in Dynamic 365

Microsoft is looking to alliance the video and image content analysis technology with Orions Systems in addition to its own Dynamics 365 Connected Store app and Power Platform services. The software market leader, Microsoft, on Tuesday, had announced the acquisition of Orions Systems for an undisclosed sum. The buyout will allow Microsoft to aim, boosting…