Indian AI Firm Raises $1M To Help Users Stream Movies In Higher Definition Established in 2019, Myelin Foundry develops AI algorithms on video, voice, and sensor data to transform media experiences and industry outcomes. Now the company has raised US$1 million in pre-series A funding to help consolidate its products in the Indian video-streaming market and expand globally.
Elevation, Matrix Partners Co-lead $3M Round Of Indian Enterprise SaaS Firm SuperOps India’s SuperOps, a professional services automation (PSA) and remote monitoring and management (RMM) startup, said it has raised US$3 million in seed funding in a round co-led by Elevation Capital and Matrix Partners India.
Chinese Snack Chain Brand Snack Is Busy Nets $37M From Sequoia Capital China And Gaorong Capital Chinese snack chain brand Snack Is Busy has secured 240 million yuan ($37 million) in a Series A round of financing co-led by Sequoia Capital China and TMT-focused Gaorong Capital, according to a company statement.
Sequoia-backed Chinese Gym Chain Supermonkey Close To Unicorn Status Post Series E Round Chinese gym chain Supermonkey, which started out in 2014 with a self-service, container-made gym box, is now near a unicorn valuation of $1 billion after the completion of its latest Series E round at “hundreds of millions of yuan,” its investors announced earlier this week.
Singapore E-commerce Aggregator Una Brands Raises $40M In 500 Startups-backed Seed Round Una Brands, a Singapore-based startup co-founded by Kiren Tanna, the founder of Foodpanda and ZEN Rooms, announced raising $40 million in a seed round backed by global investors including 500 Startups, Kingsway Capital, 468 Capital, President Capital, and Global Founders Capital.
China's Kelun Biotech Nets Over $77M Funding Led By CMC-SDIC Capital Kelun Biotech, a subsidiary of Shenzhen-listed Kelun Pharmaceutical, has secured over 500 million yuan ($77 million) in fresh funding led by CMC-SDIC Capital, a fund co-launched by state-backed China Merchants Capital and SDIC, the lead investor announced on Thursday.
Singapore Adtech Startup Bounty Media Bags $415K Seed Funding From VC Firm SOSV Singapore-based Bounty Media, an adtech and martech platform for advertisers and publishers, announced it has raised funding from SOSV and the VC firm’s program, Mobile Only Accelerator (MOX), to bring its total seed round to S$550,000 (US$415,000).
Indian Micro-retail Commerce Startup Raises $75M From Existing Backers Pune-based ElasticRun, a platform that connects FMCG (fast-moving consumer goods) and ecommerce companies with mom and pop stores in India’s rural areas, has raised US$75 million in a round co-led by existing investors Avataar Ventures and Prosus Ventures. The funding round, which saw participation from Kalaari Capital, has bumped up the valuation of the four-year-old startup to US$400 million.