Presentations.ai, an Indian startup that uses AI to help companies quickly generate presentation decks, has raised $3 million in a seed round led by Accel to scale its software that has emerged from beta after amassing millions of users. Presentations are ubiquitous throughout a business journey — whether a large corporation or a startup — […]
Accel backs Indian AI startup building ‘ChatGPT for presentations’ Read More »
Sarla Aviation launched one year ago with a pitch built for India’s congested streets. The electric air taxi startup, named after India’s first woman pilot, Sarla Thukral, would focus on aircraft that can carry more weight — even if that means shorter ranges. “In India, a shorter range is fine, as long as you can
Accel doubles down on Sarla Aviation’s ambition to develop electric air taxis in India Read More »
Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s seventh India fund secured in March 2022. Accel — which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy and software group Freshworks
Accel closes $650 million for new India fund Read More »
Nebius, the publicly-traded European AI infrastructure company formerly known as Yandex N.V., has raised $700 million in financing to power its U.S. expansion. The financing included “dozens of very well known investors,” Nebius CEO Arkady Volozh (pictured above) told TechCrunch in a press briefing today. While all the names will be revealed when the paperwork
European AI infrastructure company Nebius nabs $700M from Nvidia, Accel, others Read More »
The top U.S. tech giants like Amazon, Microsoft, Google, Meta, and Apple have deep enough pockets to spend tens of billions of dollars on AI development and infrastructure. Next in rank are heavy hitters like OpenAI, Anthropic, and xAI, which are spending billions on AI. Then there are a handful of challengers, like Mistral and
The race isn’t over for European AI startups and the upcoming ‘agentic revolution’ Read More »
According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation
Accel eyes stake in India’s Truemeds at $330 million valuation Read More »
Lightdash, a business intelligence (BI) platform and open source alternative to Google’s Looker, is lifting the lid on a new product that allows companies to train “AI analysts” specific to individual teams’ use-cases, enabling anyone in a company to query aggregate business data. To help, the 4-year-old startup also on Tuesday announced that it has
Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $150 million in new funding, two sources familiar with the matter told TechCrunch, in what would be the largest fundraise by an Indian education firm in years. TPG, a major private equity player, is discussing to lead the investment, the sources
TPG nears $150M funding in India’s Eruditus at $2.3B valuation Read More »
Artificial intelligence startups continue to dominate the headlines with immense venture capital rounds, but there’s enough opportunity out there for companies building tools that make it easier to work with data-heavy applications like AI. That’s especially true for organizations that may still have one foot (or both feet) in the legacy data camp. In one
CData, which helps orgs use data across apps and build AI models, snaps up $350M Read More »
Accel, one of the most prolific e-commerce and marketplace investors in India, is making a contrarian move by turning its focus to smaller towns and villages in search of future unicorns. The venture firm argued on Wednesday that these areas, which it refers to as “Bharat,” represent a significant market ripe with opportunities for entrepreneurs
Accel turns to rural India in hunt for future unicorns Read More »
