CXO TechBOT’s Post

Nexstem raised $3.5 million Bengaluru-based deep-tech startup Nexstem has successfully raised $3.5 million in a funding round led by InfoEdge, Zupee, Smile Group , and Gruhas (Nikhil Kamath & Abhijeet Pai)! This funding is set to fuel their mission of developing groundbreaking Brain-Computer Interface (BCI) solutions, bringing sci-fi-level innovation into real-world applications. Founded in 2020 by Siddhant Dangi and Deepansh Goyal, Nexstem's BCI product, Instinct, leverages AI to enable direct communication between the human brain and external devices. Imagine applications from restoring motor functions to advancing cognitive abilities—Nexstem is redefining human-machine interactions! With the fresh capital, Nexstem aims to: - Expand its IP portfolio - Scale its innovative BCI ecosystem - Democratize access to neurotech by lowering cost barriers - Globalize with a focus on the U.S. and European markets The potential is massive, with the U.S. BCI market alone valued at $400 billion, according to Morgan Stanley. With a strong focus on innovation and practicality, Nexstem is ready to pioneer the neurotech space for defense, consumer, and health sectors. Congratulations to the Nexstem team for this monumental achievement! #FundingNews #AI #DeepTech #Nexstem #Startups #Bengaluru

India has 3,600 deeptech startups, ranking sixth globally, according to a Nasscom and Zinnov report. In 2023, 480 deeptech startups were established, double the number from 2022. These new startups focus heavily on AI, with 74% specializing in the field, up from 62% between 2014 and 2022. Notable companies include Agnikul, GalaxyEye, HealthPlix, Sarvam AI, and Peptris, spanning healthtech, sustainability, AI, and space-tech sectors. Jeyandran Venugopal, Chair of the Nasscom DeepTech Council, emphasized India's strong STEM talent and potential to lead in AI, quantum computing, and next-gen robotics. While India ranks third in the technology startup ecosystem, it is sixth in deeptech. For India to climb higher, Kritika Murugesan, Head of Nasscom DeepTech, highlighted the need for patient capital, strong R&D partnerships, and the implementation of the 2023 deeptech policy. What strategies should India adopt to enhance its deeptech startup ecosystem? #deeptech #ecosystem #startups #partnerships #businessdevelopment #technology

#StartupExpress2024 closed-door pitching concluded with great success! This year's lineup features #startups across a diverse array of #tech sectors, including green tech, health tech, food tech, education tech, construction and property tech, as well as smart city solutions. Following a rigorous selection process conducted by a panel of expert judges, the top 20 startups have been chosen to advance to the Final Pitching Day, scheduled on 27 June. Top 20 Start-ups: 1. Alpha AI Technology 2. Braillic 3. Cathoven AI 4. CHOMP 5. Coalot Tech 6. Kanaya AI Technology 7. Lacess (KIBO) 8. Libpet Tech 9. LifeSparrow Solutions Limited 10. NerOcean Limited 11. PayPilot Group 12. Petalife 13. PharmCare 醫藥通 14. PointFit Technology 15. Provectus Therapeutics 16. Pyrolsys Technology Limited 17. Skybotics Technology Limited 18. Stellerus Technology Limited 19. Vidi Labs 20. Xtra Sensing Ltd.   Seize the opportunity to witness the 2024 winning startup cohort and delve into the latest innovations and disruptive technologies curated by #HongKong startups. Register now: bit.ly/3UYHwBD   Learn more: bit.ly/hktdcsue 

The first TECoffee get-together in the Inkle office in HSR was a hit with lots of tech company founders, data experts, and advisors coming together. Gaurab Patra, Co-founder at Intelekt AI led the Open Session on ‘The Tech Horizon - What’s Next in LLMs.’ Everyone agreed that trying new things quickly is key. We talked about how to get new products out there fast by starting with less important projects and how to make people trust these programs by comparing them to what's already out there. We also talked about how important it is for computer wizzes and topic specialists to work together to make LLMs more business ready. Our chat got really interesting when we talked about how these programs need to understand context, be easy for people to use, and be tweaked for specific topics. We dove into how these ideas are actually used in different jobs, like figuring out prices from documents, helping sales teams, and giving advice to people managing their money. These deep talks are super important right now, as all kinds of companies, from young startups to large enterprises, are starting to use this new generation of smart AI. About TECoffee: TECoffee is an exclusive gathering for technology leaders, enthusiastic techies, innovative founders, and angel investors. It is organised by Vr-01 Ventures Studios in partnership with IIM-CAN & C-Marketplace.  Aso Shanglai Sandeep Devarapalli #TECoffee #LLMs #Inkle #Vr01 #IIMCAN #CMarketplace #IntelektIntelektIntelekt AI #angel #Investors #Startups #Founders #Techies

Looking forward to this wonderful event by NSRCEL and meet - Kranti M (Design thinking expert) - Anagh Prasad (Accel ventures) - Akash Bansal (YC alumni) As a founder of a health tech startup, We are revolutionizing healthcare through Ai-powered prescription management. can't wait to connect with fellow founders and ai enthusiasts and share insights about: - AI in health care - Building User-centric products - Healthcare Innovation. who else is attending? Let's connect 🤝 #Startup #NSRCEL #IIMB #Velocity #VelocitySeries #Innovation #Growth #Entrepreneurship #Founders #Bangalore #OpenInnovation #StartupMeetup #InnovateTogether

Ganapathy Subramaniam, formerly of Celesta Capital, and Mathew Cyriac from the Blackstone Group, have unveiled 'Yali Capital', a deeptech-focused fund with a target corpus of Rs 810 crore, including a Rs 310 crore greenshoe option. During the fund's launch event in Bengaluru, Subramaniam emphasized their commitment to offering deep mentorship to startups, backed by globally recognized LPs and advisors. "By September this year, we aim to invest in at least four startups," he highlighted. Yali Capital, a Sebi-approved category 2 AIF, is poised to invest in sectors like chip design, robotics, genomics, smart manufacturing, aerospace, AI, and other deeptech areas. Already, the fund has greenlit investments in four deeptech companies, slated for completion by Q3 2024. "We're focused on creating a robust ecosystem for deeptech firms, facilitating both business development and capital infusion," Cyriac remarked, underscoring their strategic approach. Subramaniam added, "With the rapid evolution of AI, we foresee significant growth opportunities in deeptech." The managing partners, alongside advisor Lip-Bu Tan of Walden International, collectively plan a $15 million investment in the fund. Karthik Madathil, bringing over 30 years of deeptech experience, joins as a partner at Yali Capital. Cyriac noted, "Yali aims to spearhead India's advancement in deeptech innovation, leveraging our expertise in business building." #YaliCapital #Deeptech #VentureCapital #StartupMentorship #TechInvestments #AIInnovation #ChipDesign #Robotics #Genomics #SmartManufacturing #Aerospace #BusinessBuilding #InvestmentFund #SebiApproved #GreenshoeOption #AllBoutCorps

Accel Atoms 4.0 is providing up to $1 million in funding for founders developing innovative solutions in Bharat (India) and AI. This initiative aims to support and scale startups that are addressing key challenges and opportunities in these areas. #accelatoms #founder #bharatindia #startuplife #startupbusiness #idea_glow_up #Idea_Glow_Up @idea_glow_up

𝗡𝗲𝘄 𝗔𝗜 𝗠𝗲𝗱𝘁𝗲𝗰𝗵 & 𝗕𝗶𝗼𝘁𝗲𝗰𝗵 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗼𝗿 𝘁𝗼 𝗹𝗮𝘂𝗻𝗰𝗵... ✨ The Johns Hopkins University, CareFirst BlueCross BlueShield, and Techstars are launching an #accelerator focused on healthcare #AI. The 13-week program will invest in up to 12 startups per cohort, with investments up to $120,000 per startup. 💡 Techstars has a solid history in #healthtech with over 600 companies, including Ovia Health, Owlet Baby Care, PillPack (acquired by Amazon), and Ginger (merged with Headspace). 💡 In H1 2024, #AI-driven startups have already attracted substantial #venturecapital interest, with the sector seeing a 40% increase in funding compared to 2023 💡 According to Rock Health, 38% of all #digitalhealth funding in H1 went to AI-focused startups 💡 In H1 2024 #AI startups in #Medtech, #Biotech and #Healthtech have raised over $2.8 Billion, marking a significant rise from H1 2023 Read the full article below: ⤵ https://lnkd.in/eZeQCsPu #medtech #healthtech #biotech #artificialintelligence #AI #startupaccelerator #startup #vc #venturefunding #executivesearch #medicaldevice #recruitment #healthcare

Introducing the latest additions to the vibrant deep tech startup ecosystem at #IITMIC (nodal incubator of #IITMadras ).   A warm welcome to our newest incubatees:   1.  Aadhithyaa Infometa Socio Solutions Pvt Ltd - Their immersive 3D #Metaverse Platform takes users on a digital journey through streets aligned with real-time physical location coordinates. From discovering service professionals to shopping, users experience a realistic touch and feel of products virtually, thanks to innovative 3D sensor #haptic devices. Founders: Naga Nathan and rajan subbarao 2. Shabd Intelligence Pvt Ltd - Shabd is revolutionizing communication with its #AI-powered layer, offering real-time translation of speech and text across multiple languages. Founder: Keshav Agarwal   These startups embody the spirit of #innovation and #entrepreneurship, and we're excited to support their journey towards success. #IITMIncubation #StartupEcosystem #Innovation #DeepTechStartup  #IITMstartup #startupindia #NewIncubations #assistivetech Indian Institute of Technology, Madras | IITMs HTIC MedTech Incubator  IITM Pravartak Technologies Foundation | IIT Madras Bioincubator IIT Madras Research Park (IITMRP) 

New Delhi: India now ranks sixth among the top-9 deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday. From 3,600 startups, over 480 were established last year- two times higher than the number established in 2022- according to the report by Nasscom and Zinnov. Check out here for full story : https://lnkd.in/gXa8hiSi #India #DeepTech #Startups #Nasscom #Innovation #TechEcosystem #TechNews #GlobalRanking #Entrepreneurship #TechStartups #Investment #Technology #bizzbuzz #bizzbuzznews