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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. He has a deep history of investing in deep tech startups that have gone on to disrupt industries across AI, data, semiconductors, among others.” billion by 2025. “Sima.ai

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

Signaling that investments in the supply chain sector remain robust, Pando , a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million. billion by 2025, per Markets and Markets — up from $17.4 billion in 2019.

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India’s central bank cracks down on fintech startups

TechCrunch

For nearly all fintech startups, lending has long been the end game. Several startups including Slice, Jupiter, Uni and KreditBee have long used the PPI licenses to issue cards and then equip them with credit lines. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. Why global investors are flocking to back Latin American startups. It also plans to soon offer embedded finance products.

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Z?m wins $150M from San Francisco schools to modernize and electrify student transport

TechCrunch

m, a startup that wants to upgrade student transportation, a five-year $150 million contract to modernize its transport service throughout the district. m’s five-year $53 million contract with Oakland Unified School District, which began in 2020, the SFUSD contract is the largest the startup has ever won. Aside from Z?m’s

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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025. The startup is competing with incumbents like Sayurbox, HappyFresh and TaniHub to win over users. Revenues grew more than 10x over the past few months and downloads hit 1 million, the company said.

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Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets

TechCrunch

Israeli startup Firebolt has been taking on Google’s BigQuery, Snowflake and others with a cloud data warehouse solution that it claims can run analytics on large datasets cheaper and faster than its competitors. Firebolt cites analysts that estimate the global cloud analytics market will be worth some $65 billion by 2025.

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