Medical AI Startup AITRICS Raises $20M; Zepic Bags $2.1M Funding

AITRICS Raises $20M, Targets FDA Nod for Flagship Software

Medical AI startup AITRICS has recently closed a significant Series B funding round, raising $20.1 million. The funding, backed by existing and new investors, marks a pivotal moment for the company as it gears up for its entry into the US market. AITRICS' flagship software, Vital Care, uses AI to predict patient deterioration by analyzing 19 data points extracted from Electronic Medical Records (EMRs). With this fresh capital injection, the company plans to pursue FDA approval for Vital Care, a crucial step toward its international expansion. Additionally, the funds will be allocated towards developing new products and bolstering the company's research efforts. AITRICS has already made strides in the medical AI landscape, receiving approval from the Korean Ministry of Food and Drug Safety and establishing partnerships with leading medical institutions. 

Zepic Bags $2.1M Funding to Turbocharge Marketing Automation Platform

Chennai-based SaaS startup Zepic has secured a substantial $2.1 million pre-seed funding round to enhance its marketing automation platform. Led by VC firm Neon Fund, with contributions from angel investors linked to major tech players like Apple and Microsoft, the investment underscores Zepic's potential. Co-founded by industry veterans from Zoho and Freshworks, Zepic offers a no-code platform empowering marketers to personalize customer engagement effectively. With plans to bolster product development and expand its presence in the US and beyond, Zepic aims to leverage AI to enhance its recommendation engine. Siddhartha Ahluwalia, Managing Partner at Neon Fund, expressed confidence in Zepic's trajectory, citing its experienced team and global clientele.

MSH Investor Connect Programme to Bolster Mumbai's Startup Ecosystem

The MeitY Startup Hub (MSH) is set to host its ‘Investor Connect Programme' at SINE, IIT Bombay on April 19, 2024. Aimed at fostering emerging startups by linking them with investors, this event marks the fourth in a nationwide series. Supported by SINE, IIT Bombay, and powered by Inc42, it provides a vital platform for startups to pitch ideas, receive feedback, and forge connections with potential backers. Maharashtra's thriving startup ecosystem, boasting over 1.2K funded startups, underscores the significance of such initiatives. With Mumbai emerging as a major startup hub, this event promises to accelerate the growth trajectory of startups, driving innovation and entrepreneurship in India.

Nazara Technologies Acquires Stake in Circle of Games

Listed gaming giant Nazara Technologies has acquired an 8.5% stake in Web3 gaming platform Circle of Games (COG) for $500K, marking a strategic move into the blockchain gaming space. The investment, part of a larger $1 Mn funding round involving Swiss non-profit The Hashgraph Association, positions Nazara to expand its footprint in the evolving gaming landscape. Nazara's Dubai-based subsidiary secured shares in COG Holdings Global Ltd, the parent company of Circle of Games, with plans to leverage synergies in teams and technologies. Circle of Games intends to utilize the funding to accelerate its go-to-market strategy, enhance platform capabilities, and broaden its gaming portfolio. The collaboration signifies Nazara's commitment to strategic investments in the gaming ecosystem, complementing its recent acquisitions and expansion initiatives.

Beyond Odds Technologies Secures $11M Seed Funding

Former Unacademy COO Vivek Sinha's startup, Beyond Odds Technologies, has secured $11 million in seed funding from investors like Matrix Partners India and Lightspeed. The company aims to tackle the shortage of skilled labor by establishing a platform focusing on grey-collar work training, certification, and recruitment. Beyond Odds' first initiative, 'Emversity,' integrates degrees with industry-relevant skills, particularly in allied health sciences. With plans to open seven centers across major Indian cities, the startup addresses the demand for skilled workers, starting with diagnostic and scanning lab technicians. These courses offer built-in income and work-abroad integrated modules, providing placement assistance. Beyond Odds also plans to expand into education, hospitality, and construction sectors, collaborating with industry partners to offer tech-enabled programs.