Qualcomm Ventures leads Series E round in IoT device maker Borqs

For-M-Wallet-Story_ThinkstockPhotos-497365385Borqs International Holding Corp, which operates Internet of Things (IoT) device developer Borqs, has raised an undisclosed amount in its Series E round of funding led by Qualcomm Ventures, weeks before the firm is set to undergo a reverse merger, it said in a statement. In December 2016, the company entered into an agreement with […]

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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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Nasscom ties up with Revvx for IoT startup accelerator

ThinkstockPhotos-520544012_feThe National Association of Software and Services Companies (Nasscom) has tied up with Bangalore-based hardware accelerator Revvx to launch an accelerator that will focus on startups in areas such as Internet of Things (IoT), smart gadgets and artificial intelligence. As part of the alliance Revvx will move its upcoming third batch of hardware accelerator programme […]

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Nasscom ties up with Revvx for IoT startup accelerator

ThinkstockPhotos-520544012_feThe National Association of Software and Services Companies (Nasscom) has tied up with Bangalore-based hardware accelerator Revvx to launch an accelerator that will focus on startups in areas such as Internet of Things (IoT), smart gadgets and artificial intelligence. As part of the alliance Revvx will move its upcoming third batch of hardware accelerator programme […]

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Energy management startup Zenatix raises $1.18 mn

Team ZenatixGurgaon-based Zenatix Solutions Pvt Ltd, an Internet of Things (IoT)-based energy management startup, has raised Rs 8 crore ($1.18 million) led by pi Ventures with participation from existing investor Blume Ventures. The current round of capital will be used primarily for hiring and also for international expansion over the next six to 12 months, the […]

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IoT startup Tyre Express raises seed investment from HNIs

IoT-startupEnterprise IoT solutions startup Tyre Express Pvt. Ltd. has raised an undisclosed amount in its seed round from IIT Delhi and Wharton alumni, the company said in a statement. Tyre Express was founded in November 2015 by Anju Gupta, an alumnus of S P Jain Institute of Management and Research, and Brijesh Shukla, an alumnus […]

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Saksoft to buy majority stake in DreamOrbit to strengthen IoT play

ThinkstockPhotos-509633856Chennai-based IT company Saksoft Ltd has agreed to acquire a 60% stake in Bengaluru-headquartered Internet of Things (IoT) startup DreamOrbit Softech Pvt Ltd for an undisclosed amount. DreamOrbit, focused on the logistics and transportation industries, develops software for logistics services providers including for freight and supply chain management. With this acquisition, Saksoft hopes to strengthen […]

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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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