startup buzz

Local Motors and IBM Unveil First Self-Driven Bus
Meet Olli: The First Auto-Driven Mini Bus Arizona based startup, Local Motors, recently unveiled world’s first self-driving mini bus Olli in the US. IBM is involved with providing technical support to Olli’s interface. The bus is doing its trial runs in Maryland right now and is expected to be tested

Pryme Vessel raised $4 Million from Intel Capital
Optimal Hydration Sip by Sip Pryme Vessel has recently raised $4Million from Intel Capital. The startup brings a unique product that tracks the amount of water required in a day to stay hydrated. Funds will be used to improve the product quality like reliable assistance and improved connectivity, with new

ClearTax Secures $12M In Series A Funding From SAIF Partners
Growth & Development Beckons ClearTax Who raised how much funding? ClearTax, a tax filling platform, on Thursday announced about raising $12 Million in Series A funding from SAIF Partners. This announcement has come just weeks after they raised $2 Million in pre-Series A round funding from Silicon Valley-based founders fund

CaterWings Raises $6.7 Million For Expansion in Europe
Funds for Expansion Alexander Brunst and Sebastian Kloss, co-founders of CaterWings have just raised $6.7 millions, thanks to Holtzbrinck Ventures, Tengelmann Ventures, and Rocket Internet, for expanding their European operations. CaterWings is a startup, an online catering service giving its customers a new experience in B2B catering. Because ordering large meals

Chinese Startup Horizon Robotics to Develop Next-Level AI
Welcome to Cognition, Perception and the Next Generation of Smart Computing! Chinese startup, Horizon Robotics has taken up the ambitious initiative to develop the next level of AI infrastructure for real time decision-making. These decisions will be based on cognitive and perceptive capabilities of the machine. How will they achieve

Microsoft Partners with Kind, a Legal Weed Startup
Is Microsoft breaking the corporate ethic? Microsoft’s Plan with Kind Recently, Microsoft is taking a lot of interest in working with startups. Now, Microsoft teams up with Kind, a California-based legal weed financing startup. Founded in 2013, Kind can also be categorized as a tech startup. David Dinenberg is the

Microsoft Acquires Wand Labs
Boosting the Artificial Intelligence! Remember ‘AI’ or ‘Minority Report’, where the protagonists spoke with machines in real time? The technology that seemed far-fetched a decade ago is now at the forefronts of the new technological wave. The trend commonly known as chatbot trend is quickly making its way to various

Tata and Uber Shake Hands
2016 Witnesses a Significant Example of Merger! Shaking hands Both the biggies don’t need any introduction. The Tata Group and popular ride-sharing company Uber Technologies Inc freshly announced its new collaboration to offer driver partners on the Uber platform as well as a comprehensive vehicle purchase and ownership solution, amongst

SBI Invests Rs.200 Crore into Fintech Startups
SBI, A Bank to Bank on! Recently, in an event in Mumbai , SBI chairman, Arundhati Bhattacharya, announced a Rs 200 crore fund for fintech startups. These startups are a perfect amalgamation of financial and technological services. According to Arundhati Bhattacharya, SBI will offer up to 3 crore to each

Voonik secures $20 million in Series B
Well done, Voonik! About Voonik & its Series B round of funding Bangalore-based online fashion app, Voonik is a personal shopping app for women that allows the users to buy apparels from multiple stores, according to their body type, lifestyle and budget. Recently, Voonik raised $20 million (INR 133 Crore)