EducateKaro – Curated News on Tech, Startups & Entrepreneurship
Curated News on Tech, Startups & Entrepreneurship
Future Family, a startup based in San Francisco, has introduced Orange Shield, an IVF insurance product backed by Munich Re Ventures, which includes a money-back guarantee. For an initial payment of $3,000 and monthly installments of $999 for five months, it provides coverage for up to $50,000 in IVF expenses. If couples do not achieve success after two cycles, they receive a refund, helping to alleviate the financial and emotional stress associated with IVF.
Read more on TechCrunch
Monika Tiwari, from a farming background in Madhya Pradesh, founded Khetar in 2022 after studying at IIT Bombay. Her company introduced Rainger, a hybrid solar dehydrator to combat post-harvest losses. Khetar uses a pay-per-use model, charging Rs 6.45 per kg for processing, aimed at reducing agricultural waste while generating additional income through byproducts like aromatic water. The firm has plans to scale up, targeting Rs 4 crore by FY26, and sees S4S Technologies and Raheja Solar Food Processing as competitors.
Read more on YourStory
India’s ISRO launched its 100th mission with GSLV-F15, deploying the NVS-02 navigation satellite from Sriharikota. This mission enhances the NavIC system, now with five satellites, improving regional navigation accuracy. Union Minister Jitendra Singh celebrated this as a historic achievement, highlighting the journey from ISRO’s inception to its current success under PM Modi’s leadership.
Read more on DDNews.
SoftBank is in talks to invest $500 million in Skild AI, valuing the robotics software company at $4 billion. Skild, founded by Carnegie Mellon professors, raised $300 million last year. The AI model can adapt to various robots. Other AI robotics startups like Physical Intelligence and Figure AI have also secured substantial investments from major investors, including Jeff Bezos.
Read more on TechCrunch.
Pipeshift, an I infrastructure startup, has raised $2.5M in seed funding led by Y Combinator and SenseAI Ventures. The funds will launch a PaaS to orchestrate AI workloads across infrastructures. With over 30 clients, including NetApp, Pipeshift aims to simplify AI deployment for enterprises, reducing the need for extensive engineering efforts.
Read more on YourStory.
Stockholm’s Neko Health, co-founded by Spotify’s Daniel Ek, raises $260M in Series B, valuing it at $1.8B post-money. The funding will expand U.S. operations, enhance diagnostics, and open more clinics. With over 100,000 on the waitlist, Neko focuses on preventative care through full-body scans, leveraging AI and new sensor tech.
Read more on TechCrunch.
Diagnosed with breast cancer twice, Aditi Mittal and her husband Sanchit Agarwal founded Newmi Care in 2022 to address gaps in women’s healthcare. The femtech platform offers retail services like advanced screenings and consultations, operates 10 women’s health clinics in Delhi-NCR, and collaborates with corporate giants like American Express and Deloitte. Newmi also provides tailored OPD insurance products for women, including maternity, hormonal, and cancer care. With funding from USAID and $1.5M in seed capital, Newmi serves over 60,000 women, aiming to expand to 100 clinics by 2026 and provide accessible, holistic healthcare for over a million women.
Read more on YourStory.
Microsoft is taking steps to tighten its budget by temporarily halting hiring in its U.S. consulting division, as shared in an internal memo. The decision, first reported by CNBC, is part of the company’s broader strategy to manage expenses while prioritizing significant investments in artificial intelligence (AI).
Derek Danois, a leader in Microsoft’s consulting arm, explained that the hiring freeze includes backfilling existing roles. The team has also been asked to cut back on travel for internal meetings, opting for remote sessions, and to reduce marketing and non-essential spending by 35%.
These adjustments come as Microsoft continues to pour resources into building data centers to support its ambitious AI projects, with plans to invest $80 billion in fiscal 2025. While these changes aim to keep costs in check, Microsoft remains focused on driving innovation and supporting its global teams.
The company hasn’t yet commented on the reports, but these measures align with its efforts to balance operational efficiency and future-focused investments.
Read more on Thehindu.
Meta has raised concerns about a recent decision by India’s Competition Commission (CCI), which found the company had misused its dominant position by bundling certain features on its platforms. According to Meta, this ruling could lead to some features being scaled back, which might affect both users and businesses that depend on its services.
While Meta is committed to complying with regulations, the company has highlighted the potential challenges this decision poses for its operations in India. It hopes to work closely with authorities to find a balanced approach that allows it to continue offering valuable tools and experiences to its millions of users in the country.
This situation reflects the increasing regulatory pressure on big tech companies and Meta’s efforts to navigate these challenges while staying connected with its users in one of its largest markets.
Read more on reuters.
Zypp Electric, a Gurugram-based EV-as-a-service platform, is raising ₹55.4 crore ($6.5 million) from 16 investors in its Series C round, valuing the company at $335-350 million. Earlier in May 2024, it raised $15 million led by ENEOS. Founded in 2017, its partners include Zomato, Swiggy, Flipkart, and more.
Read more on YourStory
