AI, B2B dominate startup shortlist for Microsoft Accelerator’s 10th batch

Microsoft-Accelerator-Summer-Cohort-2017_feArtificial intelligence (AI), machine learning and business-to-business (B2B) are the dominant themes in the final shortlist to Microsoft’s tenth accelerator batch, with all the 14 startups selected for the programme having at least one of these elements as their product offerings. The startups were chosen on the basis of three parameters: how deep the technology […]

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AI to be major focus for data science, business intelligence in firms: PwC report

For-Budget-2017-IT-Sector-Story_ThinkstockPhotosArtificial intelligence will be available for mass adoption in the domains of data science (9.6%) and business intelligence (7.8%) in industries and organisations, a report by consulting firm PwC has stated. The report, titled ‘Artificial Intelligence and Robotics – 2017: Leveraging artificial intelligence and robotics for sustainable growth’, analysed the areas in public and private […]

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MakeMyTrip’s Kalra, Flipkart’s Binny Bansal & others back AI fund pi Ventures

pi VenturesEarly-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikchandani, and angel investor Bhupen Shah, backing it, among others. The fund has […]

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Liv.Ai wants to make voice recognition in local languages easier

Liv.Ai wants to make voice recognition in local languages easierFor those not comfortable in English, using messaging platforms can be a tedious task. There are phones these days that integrate regional language keyboards in the operating system, but ever tried stringing together a five-line sentence in Punjabi? Hunting the correct ‘maatras’ on the cumbersome keyboard can easily set you back by multiple minutes. Hence, […]

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IDG Ventures and Axilor Ventures partner to fund frontier tech startups

L to R: Kris Gopalakrishnan, Chairman, Axilor Ventures and Sudhir Sethi, Chairman, IDG Ventures IndiaIndia-focused technology venture capital fund IDG Ventures India and Bangalore-based startup accelerator Axilor Ventures have come together to launch a programme to discover and fund early-stage startups in frontier tech sectors, the company said in a statement. Christened the Frontier Tech Innovators Programme, it will fund startups looking to raise seed or pre-Series A round […]

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AI startup Botworx.ai raises $3 mn in seed investment

For-Tessol-Story-VC_ThinkstockPhotos-515738556Botworx.ai, a conversational commerce platform, has raised $3 million in seed investment led by Costanoa Ventures with support from SV Angel, according to a post on the company website. The California-based company will use the new capital to build its platform and enable brands to acquire, engage and transact with consumers through popular messaging apps […]

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elth.ai looks to disrupt med-tech market with AI

elth.ai, owned by Bengaluru-based HCFAB Health Technologies Pvt Ltd, is an artificial intelligence-based med-tech startup that aims to solve health problem discovery and the absence of a 24×7 medical adviser. Founded by Srinath Akula, an IIM-Indore alumnus who worked with Flipkart earlier, and dental implantologist Akhila Srinath, it is attempting to bridge the communication gap […]

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Photo recognition app Snowloop selected for Facebook’s FbStart

SnowloopPhoto recognition app Snowloop has been selected by Facebook for its FbStart programme, the co-founder of the company told TechCircle.in. The programme is aimed at developers in early-stage mobile-focused startups to help them build and develop their apps. As part of FbStart, Snowloop will receive credits worth $40,000 as well as services from Facebook and […]

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Many global software cos will emerge from India in 5-10 years: Google CEO Pichai

Sundar PichaiGoogle’s Sundar Pichai is confident that several large global software firms will emerge from India over the next 5-10 years, driven by world-class entrepreneurs. The chief executive of the world’s second-most valuable company by market cap said this in a student interaction at his alma mater, IIT-Kharagpur, on Thursday. “I am absolutely confident of it. […]

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Nagraj Kashyap-led Microsoft Ventures launches new fund for AI startups

US-based Microsoft Ventures, the venture capital arm of software giant Microsoft, announced on Monday that it has formed a new fund for investments in startups focused on artificial intelligence. Nagraj Kashyap, who heads Microsoft Ventures, confirmed the development in a blog post. The corpus of the new fund was not announced, but the company has […]

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