Startup Funding Alert: Berlin's DeepSpin raises seed funding for its 'portable, ultra-low-cost' MRI system

#startups #medicaltechnology #medicaltech #diagnostictech #healthtech #mri #medicalscanners #forabettertomorrow #affordablehealthcare #ai #artificialintelligence

DeepSpin, a Berlin-based startup co-founded by Clemens Tepel, a former McKinsey consultant, and Pedro Freire Silva, a PhD researcher from KIT, that is developing what it describes as a “next-generation, AI-powered MRI imaging machine,” has raised €600,000 in seed funding.

Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along with a number of unnamed angel investors. Including grants and earlier investments, it brings the total raised to €1 million pre-launch.

Yet-to-launch and still in the development phase, DeepSpin aims to build a new type of MRI system at a “fraction of the cost, weight and size” of existing systems. To make this possible, the startup has developed a new antenna technology combined with AI-controlled operation, which the startup is currently patenting.

It is very happy to note that they are removing all of the constraints with traditional MRI scanners, based on their proprietary technology, making MRI universally accessible for any patient, anywhere in the world.

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Berlin's DeepSpin raises seed funding for its 'portable, ultra-low-cost' MRI system

DeepSpin, a Berlin-based startup that is developing what it describes as a "next-generation, AI-powered MRI imaging machine," has raised €600,000 in seed funding. Backing the round is APEX Digital Health, with participation from existing investors Entrepreneur First (EF) and SOSV, along...

Startup Funding Alert: Capital raises $9M for its AI-based 'capital as a service' funding platform for startups

#startupfunding #capitalasaservice #CaaS #startupideas #debtfunding #AI #artificialintelligence #SaaS

Capital, which has built an AI-based platform called the “Capital Machine” , a Capital As A Service platform, that ingests details about a company to provide tips on how to optimise it and then provides non-dilutive financing for it, has raised a further $9 million. The startup was co-founded by Blair Silverberg, the CEO with Csaba Konkoly and Christopher Olivares.

The idea was to use the advances of AI, software-as-a-service and the surge of interest in fintech and running financial services online to build something that could give founders and CFOs of smaller startups an alternative to consider, which could be a win-win for financiers and those getting funded.

Thousands have already tapped the Machine for insights, which are free to get (indeed the data is helpful for the Capital Machine regardless as it continues to learn more about businesses each time it gets used). But in practice, the pool of those taking loans is smaller and typically splits 50/50 between those that are taking Capital debt to meet all of their funding requirements, and those that are taking it in combination with other kinds of financing, including equity funding.

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Capital raises $9M for its AI-based 'capital as a service' funding platform for startups

In 2019, in the US alone, more than 10,000 startups raised more than $133 billion in venture funding, with a large proportion of that equity investments. Today, a company building a platform to help startups consider alternative routes to financing - specifically less dilutive options that gi...

Startup Success: Hyderabad based startup Arvi has built AI thermal kiosks for contactless COVID-19 screening

#covid19 #screener #scanners #ai #artificialintelligence #healthtech #startuphyderabad #startuptelangana #kiosks #thermalscreening

Hyderabad-based healthtech startup arvi has reinvented itself and developed #AI thermal kiosks for COVID-19 screening

Founded in July 2019 by Indian Institute of Technology, Bombay alumni Sushant Reddy and his friend Avinash Lavangal, the startup initially came up with a platform to help senior citizens with its smart medical alert system. It enabled senior citizens to access emergency and non-emergency medical assistance at their doorstep at the push of a button.

However, the COVID-19 pandemic has provided a new opportunity for the startup. It has developed an unmanned contactless thermal scanning kiosk using AI technology with deep learning to combine facial recognition and thermal screening. It can detect people with high temperatures as well as those violating requirements to wear masks.

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Pivot and Persist: this startup has built AI thermal kiosks for contactless COVID-19 screening

The coronavirus pandemic has posed challenges as well as opportunities for healthcare startups in India. According to IBEF, the healthcare sector in India is one of the largest and fastest growing sectors, and has seen rapid transformation on the backdrop of technological advancements in the recent past.

Startup Funding Alert: French-American AI startup Owkin closes $18 million Series A to make medical research more collaborative - Tech.eu

#startups #fundingalert #startupfunding #medicalresearch #researchtech #pharmaceuticalsciences #ai #artificialintelligence #ml #machinelearning #biotech

Owkin, a French company applying machine learning to medical research, has secured $18 million in funding from Mubadala Capital and Bpifrance, through the bank’s Large Venture fund. This Series A extension brings the startup’s total amount raised to $70 million.

The AI platform connects data scientists, clinicians, academic researchers and pharmaceutical companies to create global datasets and encourage collaborative research, all the while protecting patient data within a hospital’s local infrastructure. This ‘medical research ecosystem’ consists of four tools: Owkin Loop (the network), Owkin Connect (the technology infrastructure), Owkin Studio (the AI software tool) and Owkin Lab (the expertise).

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French-American AI startup Owkin closes $18 million Series A to make medical research more collaborative - Tech.eu

Owkin, a French company applying machine learning to medical research, has secured $18 million in funding from Mubadala Capital and Bpifrance, through the bank's Large Venture fund. This Series A extension brings the startup's total amount raised to $70 million. The AI platform connects data scientists, clinicians, academic researchers and pharmaceutical companies to create global ...

Startup Funding Alert: Dutch healthtech AI startup Quantib gets €2 million for prostate cancer diagnostics - Tech.eu

#healthcare #startups #fundingalert #startupfunding #diagnostics #imaging #ai #artificialintelligence #diagnosticimaging #doctors #cancer

Quantib, a Dutch medtech startup applying artificial intelligence to radiology, has received a €2.1 million grant from the European Innovation Council (EIC) Accelerator fund for a new diagnostic approach to prostate cancer.

The healthtech startup’s AI software helps analyse medical images so that doctors can more quickly detect and diagnose any abnormalities. The software has already been applied to other forms of cancer, and Quantib says the application to prostate cancer, specifically, could be the first of its kind in the world.

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Dutch healthtech AI startup Quantib gets €2 million for prostate cancer diagnostics - Tech.eu

Quantib, a Dutch medtech startup applying artificial intelligence to radiology, has received a €2.1 million grant from the European Innovation Council (EIC) Accelerator fund for a new diagnostic approach to prostate cancer. The healthtech startup's AI software helps analyse medical images so that doctors can more quickly detect and diagnose any abnormalities.

FintechOS Is This Year's Hottest Fintech Startup in Europe, According to Reputed Tech Founders, Investors and Journalists

#fintech #europe #startups #banks

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies, is this year's hottest FinTech Startup, according to the Europas Awards - launched in 2009 by TechCrunch's editor Mike Butcher MBE, to recognize the innovation emerging from Europe's startup scene. The Awards were announced live on 25th June during an online event.

In the past few months, during lockdown, the demand for FintechOS solutions has significantly increased, particularly those designed to support online onboarding, setting up virtual branches and online assistance via remote video and co-browsing. FintechOS's cloud-native technology has been engineered to enable rapid and tailored deployment, massively reducing the time to launch.

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FintechOS Is This Year's Hottest Fintech Startup in Europe, According to Reputed Tech Founders, Investors and Journalists

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies, is this year's hottest FinTech Startup, according to the Europas Awards - launched in 2009 by Techcrunch's editor Mike Butcher, to recognize the innovation emerging from Europe's startup

Startup Funding Alert: Blockdaemon Raises $5.5M for its Leading Blockchain Infrastructure Platform - AlleyWatch

#fundingalert #startupfunding #blockchain #blockchaintech #technology #API #SaaS

Blockdaemon raises $5.5M for its leading blockchain infrastructure platform. This funding round was supported by a number of new investors including Hashkey, CoinShares, Blockchain.com Ventures, Kenetic, SPiCE VC, and Fenbushi Capital. Early investors Comcast Ventures, Lerer Hippeau, CoinFund, boldstart ventures, and Heavybit also continued their participation in our latest funding round.

Blockdaemon is a leading blockchain infrastructure provider. Its node management platform helps auto-scale blockchain networks securely with enhanced monitoring, back-up systems, HA clusters, APIs and cloud-managed node monitoring of on-premises solutions with their Blockchain Package Manager (BPM). Builders looking to interact with public, permission-based, and staking networks can connect to 30+ protocols through the Blockdaemon Marketplace.

Blockdaemon has a software-as-a-service (SaaS) model, clients can deploy nodes and connect to networks via our marketplace. It supports clients that want to rapidly scale up their networks, by providing custom node configuration across private/public chains and cloud services that work best for business.

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Blockdaemon Raises $5.5M for its Leading Blockchain Infrastructure Platform - AlleyWatch

Leading blockchain infrastructure provider, Blockdaemon , works with some of the largest enterprises in the worldShell Oil to simplify the process of deploying nodes for these organizations as they dip their toes into the powerful potential of the blockchain.

India: Chinese Mobile Apps Desi Alternatives

#India #vocalforlocal #vocalforlocalindia #desiapp #apps

Inc42 Media suggest some Indian apps in place of banned Chinese apps. Somebody is suggesting Kaagaz Scanner (Only on Google Playstore), in place of CamScanner, but the app does require lot of improvements. The app is getting updates almost daily.

Startup Funding Alert: Unicorn India Ventures strikes second deal from Fund II, backs Hyderabad based fintech ChitMonks

#fundingalert #startupfunding #chitfund #startupindia #fintech #startuphyderabad #startuptelangana

Hyderabad-based Pangean Global Services Pvt Ltd Services, which owns and operates fintech platform ChitMonks, has raised $650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures.

“Chit fund, as an asset class, is very close to millions of people across the country. At a time (especially after Covid-19), where digitisation is essential, we are building an inclusive ecosystem for chit fund companies to think beyond digitisation,” Pavan Adipuram, co-founder and CEO of ChitMonks, told TechCircle.

Pavan Adipuram set up ChitMonks in 2016 with Malla Reddy and Sridhar Reddy. The startup brings together chit fund companies, regulators, subscribers, banks, ecosystem enablers and service providers.

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Exclusive: Unicorn India Ventures strikes second deal from Fund II, backs fintech ChitMonks

Hyderabad-based Pangean Global Services, which owns and operates fintech platform ChitMonks, has raised $650,000 in its first institutional funding round from venture capital firm Unicorn India Ventures. The company plans to use the capital raised in this round, which it dubs a pre-Series A round, to foray into new Indian markets and for product development, and sales and marketing.

Startup M&A: Uber in Talks to Buy Postmates for About $2.6 Billion

#startups #breakingnews

Breaking news!

The Wall Street Journal reports that Uber Technologies Inc. is in discussions to buy Postmates Inc. for about $2.6 billion, according to people familiar with the matter, the latest in a rapid-fire series of moves to consolidate the food-delivery industry.

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Uber in Talks to Buy Postmates for About $2.6 Billion

Uber Technologies Inc. is in discussions to buy Postmates Inc. for about $2.6 billion, according to people familiar with the matter.

Space Technology: Chennai start-up building India's first private smallsat rocket, eyes ISRO help for testing

#startups #spacetech #startupindia #satellitte #india #isro #lowearthorbit #startupideas #geomap #geotag

Chennai start-up AgniKul Cosmos, co-founded by Srinath Ravichandran and Moin SPM in 2017, is building India's first private small satellite rocket and will be seeking the help of the ISRO - Indian Space Research Organisation - for conducting tests.

The Indian Institute of Technology, Madras, incubated start-up received a much needed boos, with the announcement of the Indian National Space Promotion and Authorisation Centre (IN-SPACe), an autonomous body under the Department of Space, which would help private prayers gain access to ISRO infrastructure.

Named 'Agnibaan', the rocket will be a two-stage LOX/Kerosene vehicle with a third "baby stage". The launch vehicle will be capable of carrying up to 100 kg of payload to low Earth orbits up to 700 km with a plug-and-play engine configuration.

In fact, autonomous drone and other vehicle startups can seek the help of low earth orbit satellites for uninterrupted communication and navigation. There will be many other applications in agriculture, geo-mapping and geo-tagging.

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Chennai start-up building India's first private smallsat rocket, eyes ISRO help for testing

By SV Krishna Chaitanya| Express News Service | Published: 30th June 2020 07:13 PM CHENNAI: Chennai start-up Agnikul Cosmos is building India's first private small satellite rocket and will be seeking the help of the Indian Space Research Organisation (ISRO) for conducting tests.

Startup Funding Alert: Automated data integration provider Fivetran raises $100M at $1.2B valuation

#automation #dataintegration #dataanalytics #fundingalert #startupfunding #startups #unicorns #unicornclub

Fivetran , a Bengaluru-based company in automated data integration with headquarters in Silicon Valley, has raised $100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners.

Fivetran claims to solve a key problem faced by companies today - centralising data for analysis without wasting engineering resources on building and maintaining individual connectors.

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[Funding alert] Automated data integration provider Fivetran raises $100M at $1.2B valuation

Fivetra​ n,​ a Bengaluru-based company in automated data integration with headquarters in Silicon Valley, has raised $100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners. Trevor Oelschig, Managing Director at General Catalyst Growth, will join the Fivetran board.

Startup Strategy: New Hope Fertility Centre Provides 2x Faster Customer Support with Hiver

#collaborationtools #collaborationsolutions #onlinecollaboration #emailcollabiration #gsuite #gmail #startups #strategy

New Hope Fertility Center (NHFC), a global leader in human reproductive medicine in the US, implemented Hiver, a customer service solution for teams, to improve patient interaction and internal collaboration between teams. With Hiver, NHFC now provides 2x faster service over email and saves over 600 hours a month.

At NHFC, email serves as an important communication channel between the various teams and the patients. The nursing lab and billing departments interact with patients primarily via email – be it for providing medical instructions, giving the lab results, sending invoices, or answering billing-related queries.

With Hiver, all departments across the center have been able to collaborate more efficiently and provide better service to their patients. All team members now have a holistic view of all the patient emails and also have visibility into the status of every email. They can easily see whether an email has been resolved or is being worked on and can ensure no duplicate responses are sent out to patients. This does not require any manual work and can be accessed easily within Gmail.

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New Hope Fertility Centre Provides 2x Faster Customer Support with Hiver

(Eds: Disclaimer: The following press release comes to you under an arrangement with NewsVoir. PTI takes no editorial responsibility for the same.)

Indian Social App Chingari Garners Over 2.5 Million Downloads

#chingari #startupindia #vocalforlocal #vocalforlocalindia #desi #desiapp

Living up to its name, Made In India social app 'chingari' is quickly blazing its way into becoming the most loved short video-sharing app in India. Setting new benchmarks, the free social platform has crossed more than 2.5 million downloads.

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Indian Social App Chingari Garners Over 2 5 Million Downloads

Living up to its name, Made In India social app 'Chingari' is quickly blazing its way into becoming the most loved short video-sharing app in India.

Startup Funding Alert: Men's health and wellness startup Bold Care raises pre-seed round - YourStory | DailyHunt

#fundingalert #startupfunding #startups #startupindia #health #wellness #men

Bold Care, a Mumbai-based men’s health and wellness startup, on Monday said it raised an undisclosed pre-seed round of funding from an array of strategic investors. These include Rajesh Ranavat, Executive Director at Fung Strategic Investments; Abhishek Shah, Founder of ConsumerX; Kabir Kochhar, former Founding Partner at The Glitch; and Mohit Satyanand.

Founded in 2019 by Rajat Jadhav, Rahul Krishnan, Harsh Singh, and Mohit Yadav, Bold Care is a digital men’s health and wellness startup that offers free sexologist consultations and discreet delivery of holistic sexual wellness kits. It offers personalised treatment plans with prescription medicines and natural supplements. With unlimited post-consultation follow-ups, the startup helps find permanent solutions for men’s wellness issues.

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[Funding alert] Men's health and wellness startup Bold Care raises pre-seed round - YourStory | DailyHunt

Bold Care, a Mumbai-based men’s health and wellness startup, on Monday said it raised an undisclosed pre-seed round of funding from an array of strategic investors.