Ankur Capital’s Post

PineGap.ai Accelerates Innovation with $2.5 Million Seed #Funding! 🚀 We are thrilled to announce that PineGap.ai, a pioneering #AI-powered equity research platform, has successfully secured $2.5 million in seed funding. This significant financial injection was led by US-based investors SVQuad and Inventus Capital Partners, with participation from DeVC and esteemed Silicon Valley serial entrepreneurs such as Mohit Aron (Founder of Cohesity/Nutanix), Vetri Vellore (Founder of Ally.io), and Mohan Kumar (Managing Partner at Avataar Venture Partners), as well as several Wall Street executives. Founded by Indian Institute of Technology (Banaras Hindu University), Varanasi alumni Deepak Sharma (CEO) and Ankit Varmani(CBO), PineGap.ai is set to revolutionize how #EquityResearch analysts at #HedgeFunds, #MutualFunds, and investment banks utilize AI to interpret data and derive insights from public company filings. The platform's core technology, #PineLLM, provides deep reasoning capabilities that enhance the analytical processes. The funds from this round will be directed towards accelerating product development and expanding the engineering team, with operations spanning both Bangalore and the US. "This investment will allow us to build a robust engineering team and deliver a product that the industry can trust and incorporate into their workflow," shared Ankit Varmani. At Human Capital Express (https://lnkd.in/djwWwRY2) , we celebrate PineGap.ai's ambitious journey and encourage emerging startups to utilize such innovative platforms to leverage their #HumanCapital and technological capabilities to the fullest. Here’s to PineGap.ai’s future as they set new standards in equity research technology on Wall Street and beyond! 🌟 source : https://lnkd.in/gAkeQpKr website : https://pinegap.ai/ #HCX #HumanCapital #PineGapAI #HumanCapitalExpress

Yali Capital announces the launch of its ₹810 crore venture fund, inclusive of a ₹310 crore #greenshoe option, aimed at supporting early-stage #DeepTech startups in India: 1️⃣ Founders: Mathew Cyriac, Founding General Partner of #YaliCapital and founder of Florintree Advisors, and Ganapathy Subramaniam, co-founder and former CEO of Cosmic Circuits. 2️⃣ Advisory Team: Lip-Bu Tan, former CEO of Cadence, joins as an #advisor, bringing his extensive experience of taking over 130 deep tech companies to #IPO globally. 3️⃣ Investment Focus: The fund targets homegrown deep tech sectors including chip design, #robotics, #genomics, smart manufacturing, #aerospace, imaging, instrumentation, and #AI. 4️⃣ A dedicated GIFT City vehicle is included to facilitate seamless participation by foreign investors. 5️⃣ Achievements: Mathew Cyriac has been instrumental in taking deep tech companies such as MTAR Technologies Limited, Data Patterns (India) Limited, and ideaForge public. 6️⃣ Yali Capital has approved investments in four deep tech companies, with finalization expected by the third quarter of 2024. 7️⃣ The fund aims to leverage India's strong STEM education system to create globally recognized deep tech companies, with significant experience from top tech executives in India and the USA. Read The Full Article Here: https://lnkd.in/gHrGcua6 #EntrepreneurshipStudio #InvestmentFund #VentureCapital

UptimeAI Inc., a trailblazing startup dedicated to artificial intelligence solutions for plant operators, has successfully raised $14 million in its Series A funding round. The investment was spearheaded by WestBridge Capital, with participation from existing investor Emergent Ventures and newcomer Aditya Birla Ventures. This infusion of capital will enable UptimeAI to scale its cutting-edge technological platform, enhance its product offerings, and broaden its market reach across North America, the Middle East, and Asia. With strategic bases in Bengaluru and San Francisco, UptimeAI is well-positioned to drive significant growth and innovation. Established five years ago by visionaries Jagadish Gattu and Vamsi Yalamanchili, UptimeAI specializes in AI-driven solutions that enhance efficiency and reliability for plant operators. The company's talented team boasts expertise across power, oil and gas, chemicals, metals, and aerospace sectors. UptimeAI’s platform features four core modules: "Connect the Dots," no-code predictive alerts, an inferencing engine for prescriptive actions, and continuous self-learning. Their patented system monitors complex structures to pinpoint the root causes of inefficiencies. Last September, UptimeAI partnered with Bharat Petroleum Corporation Limited (BPCL) to optimize operational efficiency, showcasing the real-world impact and benefits of their solutions. Previously, UptimeAI was selected for the YourNest SOAR Program and secured $1.5 million in seed funding from YourNest Venture Capital and angel investors in February 2021. Competing with other AI-based industrial optimization firms such as Tiger Global-backed Infinite Uptime and global players like Sight Machine, Prospection SparkCognition, and Augury, UptimeAI is set to continue its trajectory of innovation and industry leadership. #UptimeAI #AI #ArtificialIntelligence #Startup #SeriesAFunding #FundingAlert #FundraiserAlert #WestBridgeCapital #EmergentVentures #AdityaBirlaVentures #MarketReach #Operationalefficiency #Impact #GlobalMarket #AllBoutCorps

𝗪𝗵𝗶𝗰𝗵 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗔𝘁𝘁𝗿𝗮𝗰𝘁 𝗩𝗖 𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻? Data compiled by Carta reveals how investor appetites have changed from 2021 to 2023, offering a window into the evolving priorities and predictions of market potential. This shift has been observed in the European market as well; ▶︎ AI grew by over 50% compared to 2022, reaching a record $1.3 billion in 2023. ▶︎ 17 healthcare-related European funds raised just over $4 billion. Let’s break down the data from Carta to understand this shift; 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗴𝗮𝗶𝗻𝗶𝗻𝗴 𝗩𝗖 𝗮𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 ➡️ Biotech and TechBio: Soaring from 11.8% in 2021 to 17.1% in 2023, biotech has emerged as a major beneficiary of VC interest. Investors recognized the immense potential of advancements in healthcare and life sciences. ➡️ Energy: From 2.5% to 10.2% – the energy sector has surged. Climate change concerns and the urgent need for sustainable energy solutions are driving this rapid growth. ➡️ Hardware: Jumping from 5.3% to 10.2%, hardware has climbed the VC ladder. Innovation in areas like IoT, wearables, and other tech infrastructures is cementing its role as a crucial player in the technological landscape. Our partners in the spotlight: 🚀 Yuri 🚀 Celeris Therapeutics 🚀 Mindpeak GmbH 🚀 Quibim 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗹𝗼𝘀𝗶𝗻𝗴 𝗩𝗖 𝗮𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 ➡️ The SaaS sector experienced a flourishing period in 2021, securing 38.5% of VC funding, but by 2023, its share of total capital investment had decreased to 29.9%. ➡️ Fintech, once a dominant force in VC investment, has seen a notable decline, dropping from 13.0% to 6.6%. ➡️ The consumer sector has also experienced a downturn, moving from 11.7% to 8.7%. These shifts tell a story of a VC landscape in flux, with investor confidence being a proxy for where the market sees long-term value creation. 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗺𝗲𝗮𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲? Expect investments to focus on sectors with demonstrable real-world applications, a renewed focus on long-term impact, and a deeper understanding of the challenges and opportunities that lie ahead. What real-world problems do you think VCs should prioritize? Let us know in the comments! Credit: Carta #Venturecapital #AI #Deeptech #Startups Follow us for strategies and resources for deep tech founders and VCs! And get access to exclusive content on deep tech startups like ATMOS Space Cargo, planqc, smedo GmbH, and SENISCA in our newsletter: 🗻 https://lnkd.in/dtTX49AF

India's deeptech landscape is at a crucial point. Nasscom’s latest report shows that 70% of deeptech startups are worried about not having enough capital for computing operations. On the flip side, over 70% of investment firms are hesitant because these high-potential ventures need patient capital due to their long gestation periods. It's a bit of a chicken-and-egg situation! To really support our deeptech startups and their groundbreaking innovations, we need to rethink our funding approach. This is where we hope the government can step in with some help. Co-investment programs, grants, and tax credits for R&D could make a huge difference. By working together, we can ensure our deeptech startups have the support they need to push boundaries and lead the way in technological innovation. #Deeptech #StartupEcosystem #Innovation #Funding #VentureCapital #GovernmentSupport #IndiaTech #RnD

Who are the corporates that invest most in India? Despite a general global slowdown in investment activity (-39%), India is seeing a new cohort of science-based and industrial-focused startups, in areas like AI, energy, and mobility, starting to grow and attract investment. According to Siddharth Mehta, investment director for TDK Ventures’ India operations, “there is no dearth of capital for a deeptech company raising capital, even at this point.” This is the sweet spot for CVC. While consumer-related startups are struggling, these new startups are thriving. Interesting data (and analysis) by Global Corporate Venturing #CVC #openinnovation #india Mind the Bridge

𝙁𝙄𝙏𝙏 𝙄𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩 𝙁𝙪𝙣𝙙: 𝘊𝘢𝘵𝘢𝘭𝘺𝘻𝘪𝘯𝘨 𝘋𝘦𝘦𝘱𝘵𝘦𝘤𝘩 𝘙𝘦𝘷𝘰𝘭𝘶𝘵𝘪𝘰𝘯... 𝐅𝐈𝐓𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐮𝐧𝐝 (𝐅𝐈𝐅) in partnership with SIDBI(Small Industries Development Bank of India), dedicated to empowering early-stage deeptech startups. At Foundation for Innovation and Technology Transfer, IIT Delhi, we understand the transformative potential of deeptech innovations and the importance of providing tailored support to fuel their growth. 🔍 What Sets FIF Apart? FIF isn't just another investment fund. It's a beacon of support, offering more than just financial assistance. Our collaborative approach means startups gain access to a network of mentors, industry experts, and resources designed to accelerate their journey. 🌟 Why Deeptech Matters? Deeptech startups are at the forefront of innovation, driving breakthroughs in AI, IoT, biotech, and more. By investing in these ventures, we're not just supporting businesses; we're shaping the future of technology and driving positive change across industries. 📅 𝐀𝐩𝐩𝐥𝐲 𝐛𝐲 February 25, 2024: https://lnkd.in/gpSW3D9P Let's unlock the potential of deeptech together and pave the way for a brighter, more innovative future. Join us on this journey today! Nakul Saxena Pradeep Gupta Vikram Gupta Manoj Kumar Ruchira Shukla Rangan Banerjee Preeti Ranjan Panda Ambuj Sagar Naveen Gopal Ashutosh Pastor Manveen Chadha Namita Gupta Seema Lamba Kiran Sabale Anubhav Sen Karanjeet Choudhary Dewansh Poddar Dr Aanchal S. Prabal Kaur Deol (She/Her) Richa Katiyar Kanaujia Salik Sarwar Indian Institute of Technology, Delhi #funding #Deeptech #Innovation #Startups #InvestmentFund #TechInnovation #EmpoweringInnovators

Ok I'm all for innovation, but at some point we're hitting peak redundancy in the sheer number of EV vehicle startups! There'll be a detailed breakdown again on overall prospects that have reached out recently, however this needed to be called out! You have an engineering degree, amazing. You don't want to use it to go to IIM and become a banker, even better! (hate how engineering is largely used as a pathway to financial services). Build other things. So many other things. It's also more sensible as an investor! When we invested in AgniKul Cosmos, there were 5 other folks building in India in the rocket space. Was space-tech going to take off in India? Absolutely. Did we know who was going to win? No way, far too many variables. Did we think 1/6 (16.67%) was a good probability of success? Oh yes! An analyst came to me this morning asking why we haven't taken a similar position in EV vehicles. I explained our mandate, early stage. Showcased ~60 companies that came to us in the past 8 weeks alone. A cursory search through databases showcase around ~200 companies founded in the past 2 years (so within our mandate). Taking a position means a 1/200 (0.50%) probability of success. Being a generalist fund, we don't have the expertise to evaluate the technology (you could be doing magic, who knows). While I have a healthy respect for gut and intuition, looking at founder spirit etc, it has to be backed by base logic and numbers. For those building the Nth business in this space, why? #venturecapital #founders #startups #ev #deeptech

We are excited to announce that Whale Tank 2.0 is collaborating with the Indian Venture and Alternate Capital Association (IVCA) as an investment partner, a prominent apex industry body established in 1993. IVCA is dedicated to promoting the alternate capital industry and nurturing a thriving investment environment in India. Indian Venture and Alternate Capital Association (IVCA) plays a crucial role in advocating for regulatory interventions and facilitating constructive dialogues with the Government of India, policymakers, and regulators. With over 340+ members managing a combined AUM of over $280 billion, IVCA’s esteemed membership includes VCs, PEs, Infrastructure Funds, Real Estate Funds, Credit Funds, Limited Partners, Investment Companies, Family Offices, Corporate VCs, CAT III Funds, Hedge Funds, and Knowledge Partners. Whale Tank 2.0, to be held on August 17th, 2024, at the University of Hyderabad, will bring together the most innovative life sciences startups to pitch their ideas to top-tier venture capitalists, industry leaders, and fellow entrepreneurs. This event is a unique opportunity to showcase cutting-edge solutions in biotechnology, medical devices, pharmaceuticals, diagnostics, digital health, AI in drug discovery & development, and agritech. Life Sciences Startups, VCs, and Incubators, this is your chance to be a part of a transformative event! Startups: Pitch your innovations and gain visibility with leading investors. VCs: Discover pioneering startups and explore potential investment opportunities. Incubators: Nominate your top startups and help them connect with global investors. Register now to be a part of Whale Tank 2.0: Wale Tank 2.0: https://lnkd.in/g_XV4dvh. If you have any query, please feel free to contact us at coo@biofaba.org.in Let's come together to drive innovation and foster growth in the life sciences sector. We look forward to seeing you there! #WhaleTank2024 #LifeSciences #LifesSciencesInnovation #VentureCapital #Startups #FABA #IVCA #Entrepreneurship #Innovation #InvestmentOpportunity

#insights on the Indian Venture Capital for 2024 . Financial services and other BFSI sectors saw a major interest of Investors in 2023 . Now few favourite sectors of the past viz SaaS, D2C and deeptechs are expected to see a major tactical shift of investors interest in 2024, albeit keeping the profitability and innovation in mind. Further I believe sectors like deeptech in healthcare like Gene based critical diseases cure, AI/ML innovations , and space related startups might be the hero sectors in Early Stage startup funding in 2024 and beyond.