Tag: Ventures

12
Oct
2020
Posted in technology

Miko Raises INR 23 Cr In Pre-series B Round Led By Stride Ventures

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round

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Mumbai-based startup Miko—founded in 2015 by IIT-Bombay graduates Sneh R. Vaswani, Prashant Iyengar and Chintan Raikar—has raised INR 23 crore in a pre-series B round led by Stride Ventures.

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round.

The trio founded Emotix which focuses on creating emotionally intelligent solutions and its products leverage proprietary and state of the art artificial intelligence (AI), robotics and Internet-of-Things.

Launch Of Miko 2

After the success of their first generation of Miko, the robotics startup developed Miko 2—a puppy-sized companion robot for children. It uses AI and voice-recognition technology to see, hear, sense, express, talk and recognize faces. The widget tackles a multifaceted need-gap of education, technology, entertainment and hence is an enabler in effective parenting.

“Our growth journey till Miko 2 was about creating a product that meets the needs of today’s parents who seek a positive and trusted gateway of technology. Miko 2 has now evolved into a powerful content subscription platform with global content alliances,” said  Vaswani, co-founder and chief executive officer, Miko, in a statement. “We are on track to surpass the 100,000 user mark in the coming quarters with Miko 2 hosting hundreds of applications and use cases. It’s very encouraging for the entire Miko team to build a global consumer technology brand out of India. In our journey, we are very pleased to partner with Stride Ventures and are looking forward towards a

08
Oct
2020
Posted in technology

‘Sports D3’ (D-Cubed Ventures OU) Digital Assets Exchange Secures Operating License in the EU

‘Sports D3’ (D-Cubed Ventures OU)

'Sports D3' (D-Cubed Ventures OU)
‘Sports D3’ (D-Cubed Ventures OU)
‘Sports D3’ (D-Cubed Ventures OU)

TALLINN, Estonia, Oct. 08, 2020 (GLOBE NEWSWIRE) — ‘Sports D³’ (D-Cubed Ventures OU), a tokenization platform and digital assets exchange for the global sports industry, is pleased to announce that it has been granted an operating crypto-license by the Financial Intelligence Unit (FIU) of Estonia.

‘Sports D³’ provides professional sports teams with an innovative alternative to raising funds by facilitating crowd-formation of capital on its DLT-powered platform, where clubs are able to digitize, securitize and sell their assets to fan-investors in the form of Security Token Offerings (STO).

With the approval of a Virtual Currency Exchange and a Virtual Currency Wallet License, ‘Sports D³’ is now a fully regulated digital assets exchange, with the capability to deliver its solutions to sports clubs and their fans in 27 European jurisdictions. This milestone marks the next step in ‘Sports D³’ development and paves the way for securing the financial intermediary status and expanding into other continents.

Gene Swinton, Founder & CEO of ‘Sports D³’ said: “There are over 400 million football fans in Europe, who are not only among the most devoted fans in the world but who also happen to score higher in their ability to invest. We are delighted to be granted this license, as it will provide fan-investors with a simple, low-cost, fiat-to-crypto ON-ramp and enable their investment activities on the SD³ platform”.

“We will continue on our mission to democratize finances in the global sports industry, starting with the European football space. By providing professional football clubs in Europe with access to capital crowd-sourced from millions of fan-investors, SD³ heralds a new era for crowd-capital and its prominent role in the development of football,” concluded Mr. Swinton.

To learn more about the ‘Sports

30
Sep
2020
Posted in software

Aurora Labs ramps ‘self-healing’ software with $23M from LG Technology Ventures, Porsche SE, Toyota Tsusho

The automotive market is grappling with increasingly complex software systems, and in turn greater risks of glitches that can cause costly and unsafe disruptions and damage an automaker’s credibility.

Just look at today’s new cars, trucks and SUVs compared to their counterparts a decade ago. New vehicles coming off assembly lines today contain tens of millions of lines of code, a statistic that continues to rise as automakers invest more in software.

This upward trend has created risks for automakers; it’s also opened up opportunity for burgeoning startups like Aurora Labs, which developed a platform that can spot problems with software in cars and fix it on the fly. The company is now preparing to ramp up operations, even beyond automotive, as software takes a central role in shared mobility, cities and homes.

Aurora Labs developed a platform designed to detect and predict problems and then fix any issues in real-time. The platform also enables automakers to update software in vehicles wirelessly — a feature often referred to as over-the-air software updates that was popularized by Tesla. The ability to conduct OTAs allows automakers to make changes quickly and without requiring owners to visit a dealership for service.

Earlier this month, the Tel Aviv-based startup raised $23 million in a Series B round jointly led by LG Group’s investment arm LG Technology Ventures and Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, majority owner of the VW group, Toyota Tsusho, a member of Toyota Group and the venture arm of global safety certification company UL also participated. Porsche SE invested $2.5 million and Toyota Tsusho put $1.5 million into Aurora Labs, according to the companies.

The funds will be used to double the size of Aurora Labs’ 30-person team to support going into series production with two of