Enterprise-focused generative AI (Gen-AI) options developer, EMA, has efficiently raised $25 million in a funding spherical led by Accel and Prosus Ventures, together with participation from varied different buyers.
Surojit Chatterjee, founder and CEO of EMA, in an interview with CNBC-TV18, emphasised that almost all of the funds could be allotted to Analysis and Growth (R&D), highlighting the corporate’s dedication to exploring revolutionary and uncharted territories throughout the deep tech house.
Chatterjee defined, “We’re a deep tech firm, and what we’re constructing may be very new, is commonly uncharted territory. So plenty of the fundraise will go into R&D. And the remainder of the cash will go into advertising and marketing and gross sales as nicely.”
Anirudh Sharma, founder and CEO of Digantara, revealed the corporate’s give attention to launching satellites to trace house objects, significantly these as small as a single centimeter in orbit. Sharma said, “We’re launching 40 satellites within the subsequent few years, serving to us monitor all the pieces within the decrease earth orbit and creating an infrastructure layer presently absent.”
The funds will predominantly be utilised for growing each space-based and ground-based {hardware}. Digantara goals to ascertain a complete infrastructure for object monitoring, together with a ground-based system in Ladakh to watch objects within the geostationary belt.
Having beforehand raised $10 million in June 2023, Digantara has made vital strides in producing revenues, primarily from defence and authorities contracts.
Furthermore, artisanal bakery model The Baker’s Dozen efficiently secured Rs 33 crore in a pre-Sequence A funding spherical. The funding infusion is geared in direction of increasing the model’s presence past metro cities and enhancing the mass-premium section of its product vary.
The Baker’s Dozen, recognized for its dedication to high quality and authenticity, goals to revive consideration to sourdough bread and elevate its place available in the market. CNBC-TV18’s Aishwarya Anand studies on the startup’s methods to seize market consideration and reshape the artisanal bakery panorama.
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