Telkomsel Ventures leads investment in Tictag, a data-centric AI company, alongside M Venture Partners, East Ventures, Investible, and SBI Ven Capital. Through this investment, Telkomsel Ventures reaffirms its commitment to opening up collaboration opportunities to accelerate the growth of the digital innovation ecosystem, digital transformation, and the utilization of Artificial Intelligence (AI) technology in Indonesia and beyond. #TelkomselVentures #Telkomsel #TINC #KolaborasiTanpaBatas #Startup #AI #AITechnology
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Telkom’s investment arm, Telkomsel Ventures, leads undisclosed funds of Singapore AI developer startup Tictag to maximize AI implementation in the archipelago. This investment was carried out by Telkomsel’s investment unit in collaboration with M Venture Partners, East Ventures, Investible, and SBI Ven Capital. According to the CEO of Telkomsel Ventures, Mia Melinda, The quality and performance of AI depend mainly on the data used to train it. Thus, he conveyed that this strategic investment is a analyzed measure of this startup’s ability to unlock the full potential of AI through high-quality training data that speeds up data collection, labeling, and processing to help companies increase efficiency. Read more at https://buff.ly/3LtWriD #news #LatestNews #Telkomsel #Ventures #AI #Tictag #heaptalk #fundraising #investment
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US Government enacts #cfius in forcing the sale of shares held by Saudi aramco's diversified growth investment entity Prosperity7 Ventures in US-based Rain AI. Looks like the acquiring entity will be Grep VC, a San Mateo-based venture capital investor focused on AI and robotics. I have not really seen this #cfius forced sale taking place of shares in US deeptech entities held by foreign-linked investors. For the benefit of future investors in US #deeptech and #ai companies, perhaps #cfius should be clearer and improve the process to pre-empt such situations to avoid arduous and time consuming divestment processes after the consummation of the original investment. I would not be surprised if this takes place more frequently going forward. Rain Neuromorphics, is a startup backed by OpenAI Co-Founder #samaltman and focuses on the designing of chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, and raised $25 million in 2022, including from Prosperity7 Ventures. Either way, I really like how the team at Prosperity7 Ventures continue to identify high potential deeptech investments! #venturecapital #ai #startups #earlystage #sanfrancisco #privatemarkets #institutionalinvestors
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At the Indonesia PE-VC Summit organized by DealStreetAsia recently, over 700 business leaders came together to discuss the transformative impact of AI on Southeast Asia's investment landscape. As Indonesia's startup ecosystem continues to mature, AI emerges as a pivotal force, capable of reshaping traditional paradigms and driving growth. With the widespread global adoption of GenAI, Indonesia stands on the brink of a new era where intelligent automation and data-driven insights will unlock the next wave of growth. Read more here: https://lnkd.in/dNH6eYD2 #AI #Indonesia #VCInsights #SoutheastAsia #Investment #Data #GlobalSouth #startup #VC #RiseUpSouth
12 key takeaways from Indonesia PE-VC Summit 2024
dealstreetasia.com
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Good Capital, a venture capital firm based in Mauritius, plans to invest $25 million in Indian AI startups this fiscal year. The investment comes from their $50 million Good Capital Fund II, to be utilized by 2027. Arjun Malhotra, General Partner at Good Capital, stated that they aim to invest in technology products addressing India-centric issues, primarily targeting sectors like cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech. Their investment strategy focuses on startups that empower intermediaries, rather than solely aiming for disruption. Good Capital plans to invest in 15-20 AI startups across early-stage and Series-A funding stages, leveraging AI and large language models (LLM) to create innovative businesses. Currently, 80% of their investment pipeline involves companies utilizing AI in various industries. How do you think Good Capital's investment in AI startups will impact the Indian tech ecosystem and address local challenges? #investment #techcompany #finance #startups #strategy
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Inside Sales Manager | Ex- Cedcommerce | Helping B2B Brands for better tech outsourcing services | WooCommerce & Shopify Consultant|
Krutrim AI has secured $50 million in funding at a valuation of $1 billion, marking India's first unicorn startup of 2024 and establishing itself as the country's inaugural homegrown artificial intelligence company to achieve this milestone. Bhavish Aggarwal, the founder of Ola Electric, established Krutrim AI and successfully raised capital from investors led by Matrix Partners India, a venture capital fund. What does Bhavish Aggarwal say regarding KrutrimAI? India has to build its own AI, and at Krutrim, we are fully committed to building the country’s first complete AI computing stack. #investment #ai #startup #indianeconomy
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Alex Zhou has been elevated to managing partner at Qiming Venture Partners, a venture capital firm, with the responsibility of leading the business's investments in emerging technologies, such as artificial intelligence. Zhou joined Qiming as a vice president in 2014 and has subsequently managed or participated in #investments in tech firms across the AI, robotics, semiconductor, new energy vehicles, and software sectors. Zhou is Qiming's fourth managing partner, following Duan Kuang, Nisa Leung, and William 旭波 Hu 胡. His noteworthy investments include the consumer products company Roborock, which is funded by Xiaomi, the robotics manufacturer UBTech, the voice recognition unicorn Unisound, the AI chip developer Biren Technology, and the electric vehicle manufacturer ROX Motor. Additionally, he made investments in Zhipu AI, one of China's fastest-rising generative AI businesses aiming to emulate the success of US counterparts like OpenAI and Anthropic, and Deepway, a robotruck #startup supported by Baidu. A business statement on Thursday said that Zhou's elevation to the most senior position in the company "demonstrates Qiming's continued confidence in the future of technology innovation." We are leading the way in a brand-new technology revolution. There's little doubt that this era will produce many fearless inventors who will influence the future, according to Zhou. "I am thrilled and fully committed to grasping the #opportunities, embracing any potential challenges, exploring new possibilities, and building a better Qiming, together with all the managing partners and colleagues at Qiming." Established in 2006, Qiming oversees eleven US dollar funds and seven RMB funds, totaling capital raised of $9.5 billion. Since its foundation, Qiming has sponsored more than 530 companies, specialising in early- and growth-stage businesses in the consumer, #healthcare, and technology industries. To share your startup story write us on - [email protected] #Investment #Technology #VentureCapital #Zhou #Consumer
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US forces Saudi fund to exit Altman-backed AI chip startup. The Biden administration has forced an aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg reported. Prosperity7 Ventures, a lead investor in a funding round that raised $25m for Rain AI in 2022, sold its shares in the startup after a review by the Committee on Foreign Investment in the United States. The agency, the primary US watchdog for deals with national security implications, instructed the Saudi fund to unwind that deal sometime over the past year. #MergersAcquisitionsDivestitures #Semiconductor #Technology #AI
US Compels Saudi Fund to Exit AI Chip Startup Backed by Altman
bloomberg.com
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Dive into a hotbed of Innovation: Bay Area's Impact on Global Construction & AI Our latest article explores why major construction companies worldwide are flocking to the Bay Area to stay ahead in the AI game: https://lnkd.in/diUgKm7w Learn firsthand from industry giants like Kajima and Bouygues Construction as they team up with local players and invest in groundbreaking startups through platforms like Plug and Play and leading sector-focused venture funds based in the region. Find out why these strategic moves are non-negotiable for staying competitive globally. #BayAreaInnovation #GlobalConstruction #AIRevolution Neda Hannah Sohrabi
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It's impressive to see a company secure significant investment even before starting. It's challenging to predict the future success of a company, but if Krutrim is following a similar trajectory to #Byju, it could be an interesting story to watch unfold. Investors often employ strategic foresight, making calculated bets on emerging opportunities. In this case, it seems like betting on a yet-to-start race. Have they followed a nuanced approach that involves careful evaluation of a company's potential and market trends, remains a question..! Time will tell how their journey evolves. #startup #startupindia #funding #fundraising #krutrim #ola #olaelectric #bhavesh Amit Gupta Ravi Kikan Anil Chhikara
Krutrim, founded by Ola CEO Bhavish Aggarwal is India's first $1 bn AI startup
livemint.com
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AI Leader | Data, Digital Transformation, Innovation & Future of Work | CDO | Top 50 Thought Leader in AI | Global AI Ambassador | Top Voice | Award-winning Keynote Speaker
#SaudiArabia’s venture fund Prosperity7 Ventures joined a $400M funding round for Chinese AI startup Zhipu AI. It's the first time a foreign investor has backed a prominent Chinese startup specializing in #GenAI. The #financing round reportedly values Zhipu AI at $3B. Founded in 2019, Zhipu AI has launched a chatbot and a visual language foundation model. Prosperity7, which manages a $3B fund, is part of the state-owned oil group aramco’s #venturecapital arm. #KSA #ai #artificialintelligence #startup #funding
Saudi Fund Joins $400 Million Financing for China AI Firm Zhipu
bloomberg.com
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