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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Google Allo to converse in Hindi

google-allo_feGoogle’s newly launched messaging app Allo, which has an in-built personal assistant, will now be available in Hindi as the company tries hard to woo its Indian users. India has the highest number of Allo users globally and the country is turning out to be an important market for the company. Google had promised to […]

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Machine learning startup Entropik gets $200K from two investors

For-Fintech-KountMoney-Story-VC_ThinkstockPhotos-516214052Machine learning startup Entropik Technologies Pvt. Ltd, which recognises emotions to help companies understand consumer behaviour, has raised $200,000 (nearly Rs 1.36 crore) from two individual investors. The startup raised the funding from Dileep Bhatt, president of downstream operations at JSW Steel Ltd, and Milind Chaudhary, director of Sea Global Services Pvt. Ltd, it said […]

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All you want to know about Indian AI startup Tuplejump that caught Apple’s eye

AppleTech giant Apple Inc. has acquired Hyderabad-based machine learning startup Tuplejump as part of efforts to boost its artificial intelligence capabilities. The development was first reported by tech news portal TechCrunch. The startup, which had a dozen employees, was launched by three Indian engineers—Rohit Rai, Satyaprakash Buddhavarappu and Deepak Alur—in 2013. The first two co-founders […]

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Barclays joins hands with Zone Startups to bring fin-tech accelerator programme Rise to India

Barclays-launched-RISE-Mumbai,-its-sixth-coworking-space-for-startups-after-London,-Manchester,-New-York,-Tel-Aviv-and-Cape-Town2British banking and financial services firm Barclays Plc. has partnered with Toronto-based Ryerson Futures-backed technology accelerator Zone Startups to launch its Rise accelerator programme in India. The Rise accelerator programme, which will be managed by Zone Startups, will commence in early July at Barclays’ Rise co-working space in Mumbai, and the first four-month programme will […]

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Ideaspring to seed-fund tech product startups with up to $450K

Naganand Doraswamy,Newly launched early-stage venture fund Ideaspring Capital, with a targeted corpus of Rs 125 crore (around $18.8 million), is set to achieve its first closure by next month. Naganand Doraswamy, managing director and CEO of Ideaspring, said that the Bangalore-based fund is expected to hit its first closure of Rs 90 crore by next month. “We […]

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Exclusive: Ideaspring floats early stage venture fund

Angel investors Naganand Doraswamy and Prashant Deshpande have joined hands with Patni Computers’ scions Arihant and Amit Patni among others to launch an early-stage venture capital firm Ideaspring to back technology startups in the country. Click here for full article.

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