The Weekly Startup Funding

Grizmo Newsletter: - Your Weekly Dose of Tech and Innovation?

Bringing You the Hottest Tech News!

We're back with another exciting edition of our tech-packed newsletter!

From groundbreaking funding announcements to innovative startups disrupting industries, we've got it all covered. So, grab your favourite beverage, sit back, and let's dive into the latest happenings in the world of technology!

1. Zyber 365 Group Becomes India's First Unicorn Startup in 2023

Web3 startup Zyber 365 has achieved a remarkable feat, securing a staggering $100 million in its Series A funding round from SRAM & MRAM Group, valuing the company at $1.2 billion. Entrepreneurs of Indian descent Pearl Kapur and Sunny Vaghela founded Zyber 365, which aims to use Web3, AI, and cybersecurity to promote globalisation. The startup plans to enhance its technological capabilities and expand its global presence. With India's startup ecosystem celebrating yet another unicorn, Zyber 365 is set to become a key player in the fast-evolving tech landscape.

2. Kapture CX Raises $4 Million to Revolutionize Customer Experience

The cutting-edge SaaS-based customer experience platform Kapture CX recently raised $4 million in a series A funding round headed by Cactus Venture Partners (CVP). The platform, armed with advanced automation solutions, enhances customer support across various channels, from calls and emails to WhatsApp and social media. With this investment, Kapture CX is ready to expand globally, improve its offerings, and build an even stronger team to cater to enterprise customer needs. The co-founders, Sheshgiri Kamath and Vikas Garg are thrilled to collaborate with CVP and cater to the growing demand for superior customer experience solutions.

3. o9 Solutions, Inc. Solutions Raises $295 Million to Drive AI-powered Business planning.

o9 Solutions, a leading enterprise AI software platform provider, recently secured an impressive $295 million in equity investments from General Atlantic, BeyondNetZero, Generation Investment Management, and existing investor KKR. This significant investment will accelerate o9's growth and drive innovation in its AI-powered Integrated Business Planning platform, known as the "Digital Brain." By empowering companies across various industries to make real-time, data-driven decisions, o9 Solutions is at the forefront of transforming planning and decision-making processes globally.

4. Ati Motors Raises $10.85 Million to Revolutionize Industrial robotics.

Ati Motors, an innovative robotics technology startup, successfully concluded its Series A funding round, raising a substantial $10.85 million. True Ventures led the investment, with participation from Athera Venture Partners, Blume Ventures, Exfinity Ventures, and MFV Partners. With a primary focus on automating industrial environments and warehouses, Ati Motors will use the funds to accelerate product development and expand its reach across the US, Southeast Asia, Japan, and Europe. The company aims to revolutionize industrial automation through cutting-edge robotics technology.

5. Kandle Concludes $1.7 Million Seed Funding Round for Crypto Fantasy Gaming

With a $1.7 million lead from Saama, the crypto fantasy GameFi project Kandle successfully completed its seed funding round. This funding will drive platform development and expand its user base with its flagship product, 'Crypto Fantasy Leagues.' Kandle plans to marry gamification and Web 3.0, integrating smart contracts to ensure transparent, secure, and fair gaming experiences. Founder Jaideep Yadav is confident that Kandle will be at the forefront of the evolving crypto fantasy gaming landscape.

6. PingSafe (Now a Part of SentinelOne) Raises $3.3 Million in Seed Funding to Revolutionize Cybersecurity.

Peak XV (formerly Sequoia Capital India) and other angel investors recently announced raising $3.3 million in seed funding for the cybersecurity startup PingSafe. With the Indian government introducing new regulations like Digital Personal Data Protection (DPDP) and increasing cybersecurity risks, PingSafe is positioned to serve the Indian cloud security market's needs. The funding will ramp up global business development efforts in the US and Southeast Asian countries, establishing PingSafe as a prominent player in cloud security.

7. Blitz Raises $3 Million to Fuel its same-day delivery platform.

Blitz, formerly known as Grow Simplee, raised a total of $3 million from India Quotient, Better Capital, First Cheque, Titan Capital, and prominent angel investors. The funds will be utilized to enhance the technology infrastructure and expand the network of dark stores. Blitz enables faster and more reliable same-day delivery for sellers at efficient costs, challenging the status quo of the e-commerce industry.

8. Wiom Secures $17 Million to Bring Internet Access to All

RTP Global led a series of A round in which the telecom startup Wiom raised a sizeable sum of Rs 140 crore (roughly $17 million). YourNest and Omidyar Network India also participated in the funding round. Wiom's mission is to provide affordable internet access to middle- and lower-middle-income households through its platform-led distribution model. The funding will enable Wiom to expand to other cities, invest in talent, and build a distributed delivery architecture.

9. Effectiv (now part of Socure) Raises $4.5 Million to Combat AI-Generated fraud.

Effectiv, the real-time fraud and risk management platform, raised an additional $4.5 million in seed funding, bringing its total funding to over $9 million. With Better Tomorrow Ventures leading the round, Effectiv plans to develop innovative models to counter the escalating challenge of AI-generated fraud. The funds will also support the expansion of its services to other regions, enhancing security for financial institutions and fintech companies.

10. Plotch.ai Raises Pre-Seed Funding to Disrupt Digital Commerce.

Antler India led a pre-seed funding round in which Plotch.ai, a SaaS startup, raised an undisclosed amount. Plotch.ai helps enterprises join the open network for digital commerce (ONDC) using their suite of software products, aiming to help customers and SMEs transact seamlessly on the ONDC network. With major clients like Meesho and PayTM already on board, Plotch.ai plans to work with 100 such enterprises in the coming months.

That's all for this edition of the Grizmo Newsletter!

Stay tuned for more exciting tech updates and funding news in the world of innovation.

Keep exploring, Grizmo Team!

Disclaimer: The information in this newsletter is based on publicly available sources, and we cannot guarantee the accuracy or reliability of the content. The content provided is for informational purposes only and should not be considered financial or investment advice.

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