Ericsson’s 10 hot consumer trends for 2017; AI and VR steal the show

Ericsson ConsumerLab has released its annual trend report – The 10 Hot Consumer Trends for 2017 and beyond. Artificial intelligence (AI) was the top trend both in society and at work. Among the key highlights of the report are that consumers expect AI robots to shift from being assistants to being managers in the workplace; […]

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Exclusive: AI startup Niki.ai raises additional funding from Unilazer

ThinkstockPhotos-514564575Bengaluru-based artificial intelligence startup Niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this round, the startup disclosed in its ROC filings. Niki.ai co-founder Sachin Jaiswal declined to comment. Both Chawla […]

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Infosys invests in Denmark-based AI startup UNSILO

Funding_0008Infosys has invested about $2 million in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. India’s second largest software services firm said it has made the investment from its Innovation Fund. UNSILO is Infosys Innovation Fund’s first investment in Europe, according to a stock exchange filing. “UNSILO have built an impressive semantic […]

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Fintech startup Active.ai raises $3 mn

MONEY55555Singapore-based fintech startup Active.ai, using artificial intelligence (AI) to deliver virtual assistant banking services, has raised $3 million (Rs 20 crore) in funding from IDG Ventures India and Kalaari Capital, a company statement on Monday said. The company will use the investment to expand its clientele and advance its AI features to deliver a superior […]

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Five Indian chatbots that are changing the game

chatChatting robots or chatbots are slowly but steadily entering our lives. From booking flights or bus tickets to getting the most appropriate insurance plan, chatbots are changing the game of getting things done by simply using a messaging app. A host of ventures are emerging to help make life easier for chatbot users. While chatbots […]

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Fractal Analytics appoints co-founder Pranay Agrawal as new CEO

Pranay AgrawalFractal Analytics, the India- and US-based data analytics provider, on Wednesday appointed co-founder and chief client officer Pranay Agrawal as its new CEO and announced a change in the organisational structure to boost growth. Agrawal replaces co-founder Srikanth Velamakanni, who has been named group CEO and executive vice chairman, the company said in a statement. […]

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AI-solutions provider Corseco raises $150K in funding

Ameera-Shah_feGhaziabad-based Corseco Technologies Pvt. Ltd, the company which runs and operates Corseco, which provides AI-based Software as a Service (SaaS) solutions to other businesses has raised $150,000 (Rs 1 crore) in funding from Ameera Shah, managing director and CEO, Metropolis Healthcare Limited, and Vivek Bhargava, CEO, iProspect India for an 8% equity stake. The company […]

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Realty-tech startup Foyr.com raises funding from JLL

FoyrFoyr.com, a Hyderabad-based online interior designing and home décor startup, has raised funding from a new real estate technology investment vertical set up by property consultancy firm Jones Lang LaSalle (JLL) India. The funding round comes more than a year after Foyr, earlier known as Renderlogy, secured under $1 million from Astarc Ventures. Foyr, operated […]

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Samsung to acquire Viv, the next gen AI platform

Samsung Electronics Co. Ltd. on Thursday said it agreed to acquire Viv Labs Inc., the company behind open artificial intelligence platform Viv. The financial details of the transactions were not disclosed by the company. With Viv, Samsung will be able to unlock and offer new service experiences for its customers, including one that simplifies user […]

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Exclusive: Helpchat raising Series C funding from American Express Ventures, others

Helpchat_feCoraza Technologies Pvt. Ltd, which runs Helpchat and OneDirect, has secured a Series C round of funding led by American Express Ventures, the venture investment arm of American Express Co, and existing investor Sequoia Capital, two people privy to the development told Techcircle. American Express Ventures made its maiden investment in India in 2014 by […]

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