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: 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.

Startup Funding Alert: Gaming startup Bombay Play raises $1.5M from Leo Capital

#fundingalert #startupfunding #games #gaming #startups

Gaming startup Bombay Play, co-founded by Abhas Saroha and Oliver Jones, has raised $1.5 million in its Pre-Series A round. The investments came in from Leo.Capital, along with angel investor and Co-founder of Livspace, Ramakant Sharma.

Bombay Play designs and creates online multiplayer games. Before Bombay Play, Abhas was leading engineering teams at Zynga, Moonfrog Labs and MakeMyTrip. Oliver, on the other hand, is the former co-founder of Moonfrog Labs and had directed games at Zynga and Glu Mobile.

Its most popular games include Pokemon Tower Battle, Card Party and 29 Card Games. The startup soon plans to launch a Battle Royale Game, later this month.

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[Funding alert] Gaming startup Bombay Play raises $1.5M from Leo Capital

Gaming startup Bombay Play has raised $1.5 million in its Pre-Series A round. The investments came in from Leo Capital, along with angel investor and Co-founder of Livspace, Ramakant Sharma. According to a statement issued by the startup, Bombay Play will be using the funds for hiring talent and geographically expanding its reach.

Startup Funding Alert: Playbook Raises $3M to Help Fitness Instructors Monetize through Remote Workouts

#fitness #startups #fundingalert #startupfunding

Playbook Technologies Inc. raises $3M to help fitness instructors monetise through remote workouts. Playbook is a mobile marketplace enabling top fitness instructors to turn their iPhone content into a subscription income. Instructors can create content (workouts, programs, challenges, nutrition, etc) on their terms. Consumers get access to a world of instructors for a single cost. CEO Jeff Krahel shares more about empowering fitness instructors to build their businesses without depending on studios.

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Playbook Raises $3M to Help Fitness Instructors Monetize through Remote Workouts - AlleyWatch

As a consumer, especially the younger consumer, you want to emotionally connect with and have content from our favorite instructors. You don't want a DVD (a video filmed 14 months ago you're forced to watch on repeat). Like social media, you want fresh authentic content and community engagement directly from the source (the creator).

Funding Alert: US-based Gesture Raises $1M for its On-Demand Gifting App

#fundingalert #startupfunding #gifts #startupideas #ecommerce #aggregator

Startup: Gesture

Sector: eCommerce

Segment: Gifting

Gesture raises $1M for its On-Demand Gifting App That Takes an Uber-Like Approach.

Gesture is the on-demand mobile gift delivery platform that allows consumers to select gifts from an inventory of pre-selected items that can be delivered in less than 30 minutes. This gifting on-demand solution starts at $20 and helps people gift for a variety of occasions including birthdays, thank you’s, and “just because.” Gesture presently delivers in over 30 cities across the United States such as New York, Miami, Atlanta, and more.

Its customers send flowers, wine, champagne, and other thoughtful gifts, all starting at $20 with free delivery, and delivered in one hour or less.

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Gesture Raises $1M for its On-Demand Gifting App - AlleyWatch

Our society has progressed in so many ways; the iPhone in your pocket is estimated to have at least 100,000 times the processing power of the Apollo 11 computer that helped astronauts land on the moon 50 years ago. Yet we still wait until the last minute to do our shopping.

Funding Alert: Sequoia invests in Singapore quantum computing startup Horizon

#quantumcomputing #technology #startups #programming

Singapore-based Horizon Quantum Computing startup aims to make quantum computing accessible to every developer. It just raised an undisclosed amount funding led by Sequoia India, bringing its total seed money to US$3.2 million.

Founded in 2018, Horizon is developing tools so that programs designed for conventional computers can be automatically adapted for quantum processors.

Horizon said its approach is different. It looks to enable developers to build programs with fewer lines of code and automatically optimize their programs for real processors.

Some deep-tech players in Singapore are also looking to make quantum computing more accessible. One example is Entropica Labs, which is also backed by SGInnovate as well as Wavemaker Partners, among other investors. Another player is SpeQtral, which is developing space-based quantum communication systems.

Citing a study from Boston Consulting Group (BCG) Consulting Group, Horizon said the quantum applications market can reach over US$260 billion by 2050 as adoption picks up.

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Sequoia invests in Singapore quantum computing startup Horizon

All over the globe, there are tens of millions of conventional software developers, with 46 million registered on GitHub alone. However, fewer than 1,000 people globally are capable of developing new quantum applications, Singapore-based Horizon Quantum Computing observed.

DeepTech Startups: Cambridge-based VividQ raises another €2.8 million to bring 3D holography to everyday electronics

#startups #holography #deeptech #HUD #smartglasses #ar #augmentedreality #automotive #advertising #3D #technology #startuptech

VividQ, a UK DeepTech company specialising in 3D holography, has today announced raising an additional €2.8 million of funding and closing its oversubscribed seed round. The extra funding came from FLUXUNIT - OSRAM Ventures,, the UTEC - The University of Tokyo Edge Capital and existing angel investors.

VividQ, founded in 2017, aims to transform how we view, interact and connect with the world. It brings real-time ‘computer generated holography’ #CGHH) to everyday applications, creating the most “realistic, immersive and sensational holographic experiences”. In other words, this means that holographic displays could soon be commonplace in our everyday lives, from #AR smart glasses, to in-car head-up displays (HUD).

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Cambridge-based VividQ raises another €2.8 million to bring 3D holography to everyday electronics

VividQ, a UK DeepTech company specialising in 3D holography, has today announced raising an additional €2.8 million of funding and closing its oversubscribed seed round. The extra funding came from FluxUnit - OSRAM Ventures, the University of Tokyo Edge Capital (UTEC) and existing angel investors.

Funding Alert - Vizag startup gets funding from Singaporean firm for developing CONNETIN BOT

#startups #startupindia #startupfunding #fundingalert #bots

Vishakapatnam (Vizag) -based startup Verbindung Geschaft India Pvt. Ltd has secured funding from a Singaporean firm, Govin Capital Pte Ltd, bucking a trend of economic decline precipitated by the #COVID19 pandemic, to accelerate the development and commercialisation of a software product called CONNETIN across India, Singapore and the United States.

The new investment would enable CONNETIN to further capitalise on its position as a pioneer in servicing the #SME sector in India and globally, where there was an unmet need for affordable business operational tools (CONNETIN BOT) and enhance their business opportunities.

CONNETIN works to provide right-time finance to the SME units as a credit line system. The product helps a business digitise its operations, which further leads to transparency. The platform enhances the firm’s business profile, does networking among other businesses, and leverages on new business opportunities, thus building credibility. Transparency and credibility are the key sources for any financial institution to provide finance.

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Vizag startup gets funding from Singaporean firm

A city-based startup has secured funding from a Singaporean firm, bucking a trend of economic decline precipitated by the COVID-19 pandemic. Verbindung Geschaft India Pvt. Ltd, a startup developing innovative products for the SME sector, has received funding from Govin Capital Pte Ltd to accelerate the development and commercialisation of a software product called Connetin across India, Singapore and the United States.

Funding Alert: DroneBase raises $7.5 million as demand for commercial drones surges

#startups #drones #dronetechnology #startupfunding #fundingalert

DroneBase, a Los Angeles-based drone services provider, has raised $7.5 million in a series C round of funding from a host of big-name investors, including Chinese drone giant DJI, Valor Equity Partners, and Union Square Ventures. The company is also launching a new European business unit and expanding to target the renewable energy industry as it seeks to capitalize on “months of record-setting revenue” during the #COVID-19 crisis.

The commercial drone market was already accelerating, with reports the industry would grow more than five-fold by 2026 from the $1.2 billion it was reportedly worth in 2018. But the pandemic has increased demand for drone services in areas such as medical supply deliveries and site inspections. Earlier this week, Honeywell, a major supplier of aerospace systems, launched a new business unit covering drones, air taxis, and unmanned cargo delivery vehicles.

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DroneBase raises $7.5 million as demand for commercial drones surges

DroneBase, a Los Angeles-based drone services provider, has raised $7.5 million in a series C round of funding from a host of big-name investors, including Chinese drone giant DJI, Valor Equity Partners, and Union Square Ventures.

Funding Alert - Grocery delivery startup Milkbasket raises $5.5 mn led by Inflection Point Ventures

#startupfunding #fundingalert #foodtech #startups #startupindia #ecommerce

Source: YourStory Media

Author: Sujata R Sangwan

Bengaluru-based grocery delivery startup Milkbasket has raised a fresh funding of $5.5 million led by Inflection Point Ventures with participation from existing investors.

With advanced and deep technology across the full-stack supply chain from sourcing to last-mile delivery, Milkbasket claims that it today serves over 130,000 households and fulfills an entire household needs with 9,000+ products across fruits and vegetables, dairy, bakery, and all other FMCG categories. Founded in 2015 by Anant Goel, Ashish Goel, Anurag Jain and Yatish Talvadia, it is currently operating in Gurgaon, Noida, Dwarka, Ghaziabad, Hyderabad, and Bengaluru.

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[Funding alert] Grocery delivery startup Milkbasket raises $5.5M led by Inflection Point Ventures

Bengaluru-based grocery delivery startup Milkbasket has raised a fresh funding of $5.5 million led by Inflection Point Ventures with participation from existing investors. Inflection Point Ventures (IPV) claims to have emerged as the only angel platform in India to lead a Series B round in a startup.

The Science Of Startup Investments: How Family Offices Can Tap Into The Startup Opportunity In India

Recently, Infosys cofounder Kris Gopalakrishnan urged India’s wealthy to look at startups as a serious investment opportunity and not just a trend. “We need to flow the money of high net worth individuals (HNIs) into startups,” he had said..

In India, there is still a need for larger involvement of family offices as there only a few players like Hero MotoCorp’s Pavan Munjal, Sharrp Ventures, Transworld Group of Companies, SAR Group Family Office, Ronnie Screwvala’s Unilazer, Dabur Group’s Burman Family Holdings, among others.

The opportunity is huge. As per DataLabs by Inc42, between 2014-2019, Indian startups have raised $58 Bn across 5,011 deals. The startup ecosystem has grown leaps and bounds with over 50k startups in the country. Hence, there is no dearth of finding the right fit.

Talking about returns expected from VCs, Transworld’s Mehta said that he would expect 16% to 18% of internal rate of return (IRR) in dollar terms, net fees and other charges. But for the VCs doing Series A or above, the return rate should be 15%; while for early-stage VCs, return should be 20%-25%. In the case of direct deals, it should be 25% return, according to Mehta.

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The Science Of VC Investments: How Family Offices Can Tap Into The Startup Opportunity In India

Recently, Infosys cofounder Kris Gopalakrishnan urged India's wealthy to look at startups as a serious investment opportunity and not just a trend. "We need to flow the money of high net worth individuals (HNIs) into startups," he had said. Notably, the new generation of wealthy and high net-worth individuals (HNIs) have been focussing on wealth management and investments through family offices.

No-touch pay: These 11 fintech startups raised funding amid COVID-19 pandemic

Source: YourStory Media

Author: Trisha Medhi

Amid the pandemic, with the practice of social distancing and zero-touch policy, digital payments and transactions recorded remarkable growth and lured investors.

These 11 fintech startups raised funding amid COVID-19 pandemic ->

1. Jai Kisan - Rs 30 Cr

2. Setu - $15 mn

3. NIRA - $2.1 mn

4. YAP - $4.5 mn

5. Khatabook - $60 mn

6. Lendingkart - Rs 319 cr

7. NIUM - Undiclosed

8. HomeCapital - Undisclosed

9. Aye Finance Pvt. Ltd - Rs 180 cr

10. Mera Cashier (Digital Udhaar Khata App) - $ 0.15 mn

11. Recko Inc. - $6 mn

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No-touch pay: These 11 fintech startups raised funding amid COVID-19 pandemic

The fast-spreading coronavirus has emerged as one of the biggest threats to the global economy. And, the impact can significantly be seen in the startup ecosystem. A month-long e-survey conducted by NASSCOM in May to study the impact of the COVID-19 pandemic on Indian startups showed that 70 percent of startups have less than three months of cash runway.

Funding Galore [Inc42 Media]: Indian Startup Funding Of The Week [June 15-20, 2020]

Inc42 Media's Funding Galore: Indian Startup Funding Of The Week [June 15-20, 2020]

The following startups have raised funding during the week [June 15-20, 2020] ->

1. Milk Mantra Dairy Pvt Ltd ($10 Mn)

2. Jai Kisan ($3.9 Mn)

3. Medikabazaar ($3.3 Mn)

4. FabAlley ($2.72 Mn)

5. LetsTransport ($1.3 Mn)

6. Leap ($1.1 Mn)

7. Netmeds.com ($877K)

8. Stellapps Technologies Private Limited ($656K)

9. GoldenPi Technologies ($459K)

10. Crimson Healthcare Pvt Ltd ($223K)

11. Edvizo ($150K)

12. Lattu kids (Undisclosed)

13. GoMechanic.in (Undisclosed)

14. GabbarDeals.com (Undisclosed)

15. Agro2o® (Undisclosed)

16. SARVA - Yoga, Mindfulness & Beyond (Undisclosed)

17. Peppermint Robots (Undisclosed)

18. DROR (Undisclosed)

19. Sai Estate Management and Skills Institute (Undisclosed)

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Funding Galore: Indian Startup Funding Of The Week [July 15-20]

Fintech startup Jai Kisan has raised INr 30 Cr from Arkam Ventures, NABVENTURES Fund I FabAlley has raised INR 20.75 Cr from SAIF Partners, India Quotient Opportunities Fund and others InCred acquired Qberato to expand its portfolio of consumer loan offerings We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!