Huge man, big big stuff with SVF putting in money after a long India hiatus

Investor

- Ultrahuman is in talks to raise $30-40 million, potentially led by SoftBank Vision Fund.
- The funds will be used to expand product range, manufacturing,

- Ultrahuman is in talks to raise $30-40 million, potentially led by SoftBank Vision Fund.
- The funds will be used to expand product range, manufacturing, and international operations.
- The company seeks a $300-million valuation, driven by its AI-based software.
- SoftBank has issued a term sheet, marking its first new investment in over two years.
- Ultrahuman previously raised $35 million in March, with significant backing from Zomato founder Deepinder Goyal. 

 Source: [The Arc](https://thearcweb.com/article/ultrahuman-mohit-kumar-softbank-wearables-deepinder-goyal-Nz85Jm6pRu0M2Q4P)

Ultrahuman Eyes $40 Million Investment Led by SoftBank

Ultrahuman Eyes $40 Million Investment Led by SoftBank- Grapevine

Welcome to Indian Startups's Private Community

Just confused cuz I don't see many people talking about it anymore

Wearable tech startup Ultrahuman has raised $35 million in a mix of debt and equity in its Series B round from Blume Ventures and others

Ultrahuman raises $35 Mn in Series B round

Ultrahuman raises $35Mn. Any check on how they're actually doing? Seems it's Debt & Equity, not sure how much debt.

Corporate strategy

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- Skild AI, an AI robotics startup, has secured $300 million in a Series A funding round led by Lightspeed Venture Partners, SoftBank, and Jeff Bezos through Bezos Expeditions.
- The funds will be used to scale the business model, expand training datasets, and support hiring in AI, robotics, engineering, operations, and security teams.
- Co-founded by former Carnegie Mellon University professors Abhinav Gupta and Deepak Pathak in 2023, Skild AI builds AI-powered brains for robots and is now valued at $1.5 billion.
- Skild AI's model is trained on significantly more data points than competitors and is designed for general-purpose use in various robots and scenarios.
- The startup's team includes experts from Meta, Tesla, NVIDIA, Amazon, Google, and top universities, aiming to bring a GPT-3 moment to the world of robotics.

Skild AI Raises $300M in Series A Funding Led by Lightspeed, SoftBank, and Jeff Bezos

Journalist

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League.

The Deal:
- Rare instance of consolidation in the Indian VC market
- VH to be rebranded as General Catalyst India
- GC plans to invest $500 million to $1 billion in India over the next three years
- Acquisition driven by desire to build strong local team and tap into local LP network

But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem?

As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.  Always long on India 🇮🇳

Image Credits: The Arc

General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳

That's the market cap of Saudi Arabian Oil Co, or Google + Amazon + Apple

https://archive.ph/orZGB

Sam Altman is in talks with investors, including the UAE government, to raise funds for an AI chip initiative that could cost as much as $5 Trillion to $7 Trillion... Is he building a god?

Software Engineer

Seems like Ultrahuman had started focusing on the US market (because India is saturated after a point). Oura must've sued them to limit competition, and because a lot of things were too similar. Anyone knows more here?

Oura sues Ultrahuman for copying it's technology!

Product Manager

- Wealthtech firm Neo has secured Rs 400 crore in a funding round led by Japan’s MUFG Bank and New York-based Euclidean Capital LLC.
- The funds will be used to expand Neo's wealth-management division and enhance sponsor support for its asset management business.
- Neo's equity base now stands at Rs 1,000 crore, marking a significant milestone for the company.
- India's wealth management market is projected to grow at a CAGR of 4.56% during 2025–2029, driven by new-age startups and rising affluent class.
- Neo, launched in 2021, manages nearly Rs 35,000 crore in wealth management assets and is seeking an NBFC license to offer short-term loans. 

 Source: [Moneycontrol](https://www.moneycontrol.com/technology/peak-xv-partners-backed-wealthtech-firm-neo-raises-rs-400-crore-led-by-mufg-euclidean-capital-article-12793512.html)

Neo Raises Rs 400 Crore in Funding Round Led by MUFG and Euclidean Capital

Honestly this sounds a bit low given it is Softbank. It should've been like Softbank trying to raise a $500 billion fund for AI.

Softbank is trying to raise $10 billion for AI-related projects

Partner

- Sarvam AI - $41M (Lightspeed and Peak XV) 
- Mad Street Den - $67M (Avatar, Peak XV) 
- Wysa - $25M 
- Neysa Networks - $20M (Matrix Partners) 
- Scribble Data - $2.3M (Blume Ventures) 
- Expertia AI - $1.3M (Chiratae Ventures) 
- OnFinance - $ 1.1M (Silverneedle Ventures) 
- Krutrom AI - $50M (Matrix Partners)

Ultrahuman Eyes $40 Million Investment Led by SoftBank

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