Led · Series C · Aug 2024

SigTuple develops smart robotic microscopes and AI software for automating clinical laboratory workflows, with its flagship product AI100 focused on digital haematology. The company has concentrated on AI100 since 2020 and counts major diagnostics players among its customers. AI100 received US FDA 510(k) clearance in September 2023, making SigTuple the first Indian company and the third worldwide to secure FDA clearance for AI-assisted digital haematology. SigTuple uses Horiba Medical as a distribution channel in South Asia and has expanded into Southeast Asia, the Middle East, and North Africa, with plans to enter Europe and the Americas. The company will use the new funding to support regulatory clearances, broaden its product offering, and accelerate geographic expansion. To date the company has raised more than $40 million and is gaining significant traction in the Indian market. SigTuple develops AI and digitization solutions for pathology, primarily automating analysis of peripheral blood smears and urine samples and offering the product AI100 in India. The company says it is expanding its AI suite toward Hematology, Cytology, and Microbiology to become a one‑stop shop for lab AI. Over the past 12 months SigTuple reports major product improvements, new product additions, stronger customer traction, and beefed up channel partners. It has forged partnerships with large diagnostic chains and hospitals including HCG Hospitals, Krsnaa Diagnostics, and Thyrocare Technologies. Management plans to use new capital to drive geographical expansion, broaden the product portfolio, and support regulatory clearances. The CEO, Tathagato Rai Dastidar, stated that 2023 is the year SigTuple will go global with expansions planned across SEA, MENA, North America, and Europe. SigTuple is a diagnostics startup based in India. The company announced it secured a $16-million Series C round. The Series C was led by Trusted Insight. Existing investors Accel Partners, Chiratae Ventures and Pi Ventures participated in the round. Flipkart co-founder Binny Bansal also participated and will join SigTuple's board as part of the agreement. The company made the announcement on Monday; no further operational or financial details were provided in the article. SigTuple develops AI and machine-learning solutions to analyze vital biological samples and assist diagnosis, and it also produces low-cost smart hardware for pathological analysis. The company emphasizes making diagnostics more accessible, affordable and accurate through smart technology. With the latest funding, SigTuple plans to expand distribution, conduct additional R&D, and broaden deployment of its solutions across markets in India. Investors and company leadership frame its work as part of a broader big-data driven shift in healthcare delivery. Financially, SigTuple announced a $19 million Series B that brings its total capital raised to nearly $25 million. Prior financings included a Series A in February 2017 and a seed round in 2015. SigTuple Technologies Pvt. Ltd. is a Bengaluru-based health technology startup. The article reports the company raised $5.8 million in a Series A round. The round was led by existing investor Accel Partners. The company announced the funding in a statement on Monday. No further details on product offerings, use of proceeds, other investors, or operating metrics were disclosed in the article. The firm is structured as a private limited company (Pvt. Ltd.).

Led · Series A · Jun 2024

QpiAI develops full-stack quantum computers and specialized software that combine AI and quantum computing to tackle optimization, simulation, material discovery and drug-synthesis use cases across manufacturing, transportation, finance, pharma and materials. The company says it launched QpiAI-Indus in April, a 25-superconducting-qubit system, and plans a 64-qubit machine in November with customer availability targeted in the second or third quarter of next year. QpiAI assembles roughly 80% of its machines in-house and plans to begin local manufacturing in 2026 while targeting a 100-logical-qubit system by 2030. The Bengaluru-headquartered startup, founded in 2019, has subsidiaries in the U.S. and Finland, employs about 100 people (including 25 PhDs) and reports roughly 20 customers in India and the U.S., including the Indian government. Financially, QpiAI says it has been profitable at the EBITDA level for the past three years, with approximately 60% gross margins and 20%–30% net margins. With the new funding it plans market expansion into Singapore and the Middle East and to scale operations and local manufacturing. QpiAI positions itself as a leader in quantum computing and generative AI, vertically integrating quantum hardware and AI software to serve industries including manufacturing, transportation, finance, pharma and materials. The company has commercialized seven software platforms—QpiAI-pro, QpiAI-explorer, QpiAI-logistics, QpiAIopt, QpiAIML, QpiAI-pharma and QpiAI-Matter—and reports traction with large enterprise customers. QpiAI is headquartered in Bangalore and maintains subsidiaries in the US and Finland while working with enterprises and governments across the US, Europe, Japan, the Middle East and Southeast Asia. With the new funding, the company plans to demonstrate a 25-qubit quantum computer at its Bangalore HQ by Q4 CY2024/Q1 CY2025 and to scale QPU counts toward 1,000 qubits. It intends to build Quantum-HPC datacenters, offer QCaaS (Quantum Compute as a Service), and deploy advanced compute infrastructure to accelerate generative AI and quantum software innovations across multiple verticals.

Led · Equity · Jun 2024

Fyllo installs farm IoT devices with multiple on-field sensors and uses machine-learning algorithms to analyze soil, environment, and crop-canopy data to deliver recommendations via a mobile app supported in major Indian languages. The platform is used by over 8,000 farmers across more than 50,000 acres. The company reports farmers achieve roughly 25% higher yields, 80% export-quality produce, and about 30% more income. Fyllo plans to use new funding to enter new markets, cultivate new crops, and develop additional precision-agriculture products. It aims to broaden the reach of its current offering by creating new product lines and expanding within its existing geographies. Founded in 2019 by Sudhanshu Rai and Sumit Sheoran, the startup previously raised $2 million in May 2022. Fyllo provides a data-driven decision-support platform for farmers, powered by IoT, AI, and agronomy, designed to improve crop quality and reduce input costs. The company has developed crop-specific models for irrigation, nutrients, diseases, pests, and weather management across each physiological stage, and provides recommended cultural practices. Its platform includes 360-degree dashboards with real-time farm data to support better decision-making. Fyllo also operates corporate and contract farming models to deliver consistency in quantity and quality across farms and geographies. The startup plans to expand into new markets and invest in research and development to support additional crops. Founded in 2019, its co-founders draw on lifelong agricultural experience to address practical farmer challenges and claim significant improvements in production and export quality. Fyllo combines an IoT system that measures plants' precise requirements in real time with an AI-backed agri-science platform that delivers timely advice to farmers. The startup says its technology helps monitor crops and inform agronomic decisions. Fyllo has expanded services to more than 2,000 farmers and over 10 corporations across four Indian states, covering 20,000 acres. The company plans to use recent funding to expand into new markets and to support research and development for additional crops. Founded in 2019 by Sudhanshu Rai and Sumit Sheoran, Fyllo operates out of Bengaluru. Its current financial update reported in the article is a $2 million raise from a mix of institutional and angel investors.

Led · Equity · May 2024

Founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota, Bengaluru-based DrinkPrime operates a pay-as-you-go platform that installs IoT-connected RO water purifiers in customers’ homes and charges a monthly subscription fee. The model removes the upfront cost of a purifier and lets the company monitor filter usage and water quality remotely. DrinkPrime’s operating revenue climbed 54% to Rs 72.13 crore in FY25 from Rs 46.81 crore in FY24, while net loss narrowed to Rs 11.53 crore from Rs 14.14 crore. The startup is currently valued at about Rs 340 crore (~$37 million), reflecting a 30% premium to its prior round. Management says the new capital will be deployed in line with its approved business plan, which centers on expanding subscriber reach and enhancing its IoT stack. Prior to the latest raise, the company secured $3 million in a round led by SIDBI Venture Capital Ltd. DrinkPrime positions itself as an affordable, tech-driven alternative to traditional bottled water delivery and outright purifier purchases.

Led · Equity · May 2024

Myelin Foundry is positioned as an artificial-intelligence startup, though specific product details were not disclosed in the available article. The company has attracted investor interest on the strength of its AI capabilities and market opportunity. A recent infusion of capital underscores both the firm’s growth potential and the confidence investors have in its technology stack. While quantitative operating metrics such as revenue, users, or profitability were not shared, the new funds provide additional runway for product development and commercial expansion. Management has not publicly shared future product road-maps or sector focus in the referenced material. The company’s financial standing has been strengthened by the latest ₹48 crore raise, which adds to its balance sheet and supports scaling initiatives.