Tag: Tech funding

QpiAI Raises $32M to Build Utility-Scale Quantum Computer

by educatekaroin News, AI, India, TechLeave a Comment on QpiAI Raises $32M to Build Utility-Scale Quantum Computer

Bengaluru-based deeptech startup QpiAI has secured $32 million in Series A funding from Avataar Ventures and India’s National Quantum Mission. The company plans to build a utility-scale quantum computer and expand globally. Known for delivering real-world quantum solutions in pharma and material science, QpiAI combines proprietary hardware, AI, and quantum software. With a team of top-tier researchers and global offices, QpiAI aims to push India to the forefront of quantum innovation, serving sectors like manufacturing, logistics, finance, and healthcare.

Credit: YourStory

Boulevard Raises $80M as Medspa Boom Fuels Growth

by educatekaroin News, Funding, TechLeave a Comment on Boulevard Raises $80M as Medspa Boom Fuels Growth

Self-care tech startup Boulevard just raised $80M in Series D funding, boosting its valuation to nearly $800M. Originally built to help salons manage online bookings, the platform now powers 15% of U.S. medspas, offering tools like HIPAA-compliant injection mapping and payment processing. With beauty and wellness services expanding into medical territory—like Botox and GLP-1 weight loss meds—Boulevard’s client base and revenue (up 500% in 3 years) are growing fast. Led by JMI Equity, this round shows investor confidence in Boulevard’s niche in the booming medspa market.

Credit: TechCrunch

Perplexity Partners with Airtel to Expand AI Reach in India

by educatekaroin News, AI, Business, TechLeave a Comment on Perplexity Partners with Airtel to Expand AI Reach in India

Perplexity is going all-in on India! The AI search startup just teamed up with Airtel to give 360 million users a free 12-month Perplexity Pro plan (worth $200). This exclusive deal boosts its presence in a market where OpenAI still leads in numbers. Downloads in India surged 600% in Q2, and active users grew even faster. Perplexity’s earlier tie-up with Paytm and CEO Aravind Srinivas’ $1M India commitment show it’s serious about growth here. Though revenue lags behind ChatGPT, smart partnerships like this could help Perplexity win big in price-sensitive India.

Credit: TechCrunch

Zoho Unveils Zia LLM to Power Smarter AI for Businesses

by educatekaroin News, AI, Business, TechLeave a Comment on Zoho Unveils Zia LLM to Power Smarter AI for Businesses

Zoho has rolled out its own large language model, Zia LLM, built fully on NVIDIA’s AI tech. Announced at Zoholics India, the model is tailored for real business tasks like summarizing data, code generation, and smart retrieval. With three models (up to 7B parameters), it balances speed, cost, and performance. Unlike ChatGPT, Zia runs on Zoho’s own servers, ensuring better data privacy. It also introduced Hindi-English speech recognition, no-code AI agent tools, and over 25 pre-built Zia agents.

Credit: YourStory

Wipro’s Profit Jumps 11% in Q1, But Revenue Stays Flat

by educatekaroin News, Business, TechLeave a Comment on Wipro’s Profit Jumps 11% in Q1, But Revenue Stays Flat

Wipro started FY26 on a steady note, posting a ₹3,330 crore profit in Q1 — up 11% from last year. The boost came mainly from trimming expenses and benefiting from favorable currency movements. However, revenue didn’t move much, staying around ₹22,135 crore. The company booked big deals worth $5 billion, but its outlook for the next quarter feels cautious. CEO Srini Pallia is still hopeful about a stronger second half. AI is now a key focus, and Wipro plans to hire 10,000 freshers this year. They also declared a ₹5 dividend, keeping up with their promise of regular payouts.

Credit: YourStory

Swedish AI Startup Lovable Becomes Unicorn Just 8 Months After Launch

by educatekaroin News, AI, Coding, TechLeave a Comment on Swedish AI Startup Lovable Becomes Unicorn Just 8 Months After Launch

In a rare lightning-fast rise, Swedish startup Lovable has hit unicorn status just eight months after launch. The startup secured $200 million in Series A funding, with Accel leading the round, bringing its valuation up to $1.8 billion. Lovable’s AI-driven platform helps people build apps and websites using plain language, and it’s clearly working — with over 2.3 million users and $75 million in annual recurring revenue already. What’s wild is they’ve done this with just 45 employees. While most users are non-coders, Lovable wants to become the go-to tool for building full-scale businesses. At this pace, that dream doesn’t seem far off.

Credit: TechCrunch

UAE’s Nvidia AI Chip Deal Hits Pause Over U.S. Security Concerns

by educatekaroin News, AI, Business, TechLeave a Comment on UAE’s Nvidia AI Chip Deal Hits Pause Over U.S. Security Concerns

A high-stakes deal allowing the UAE to buy billions in AI chips from Nvidia and other U.S. chipmakers has reportedly been put on hold over national security concerns. U.S. officials fear the chips might be smuggled to China, despite earlier assurances from the UAE and Saudi Arabia about strict controls. As tensions around tech exports rise, the U.S. is also eyeing restrictions on Malaysia and Thailand, while Malaysia just introduced a new permit rule for chip exports. Honestly, this pause shows how deeply AI hardware has become a geopolitical battleground — and how even allies are facing tighter scrutiny now.

Credit: TechCrunch

Uber Bets Big on Robotaxis with Massive Deal Involving Lucid and Nuro

by educatekaroin News, AI, Business, EV, TechLeave a Comment on Uber Bets Big on Robotaxis with Massive Deal Involving Lucid and Nuro

Uber is making a bold move into the robotaxi space by investing hundreds of millions in Lucid and Nuro, planning to launch 20,000+ autonomous SUVs starting in 2026. Lucid’s luxury Gravity SUV will be fitted with Nuro’s Level 4 self-driving tech, available exclusively through the Uber app. Honestly, this is a huge gamble, especially when both Lucid and Nuro have faced financial trouble lately. Still, Uber’s aggressive bet shows it’s serious about leading the autonomous ride market. If they pull this off, it could finally push robotaxis out of test mode and into reality — something the industry has long overpromised.

Credit: The Verge

Scale AI Lays Off 200 Staff, Shifts Focus After Meta Deal Shakeup

by educatekaroin News, AI, Business, TechLeave a Comment on Scale AI Lays Off 200 Staff, Shifts Focus After Meta Deal Shakeup

The data-labeling startup just laid off 200 employees and dropped 500 global contractors, about a month after Meta hired its CEO in a $14.3 billion deal. According to a memo, interim CEO Jason Droege admitted the company scaled too fast in its original data-labeling business. Now, Scale plans to refocus on enterprise and government sales. The timing’s tough — with major clients pulling back after Meta’s investment, Scale seems to be paying the price of rapid growth. Like other AI firms that peaked too soon, it’s now scrambling for a second act.

Credit: Bloomberg

Tesla Tries a Bold China Comeback with New Model YL and Model 3 Plus

by educatekaroin News, EV, TechLeave a Comment on Tesla Tries a Bold China Comeback with New Model YL and Model 3 Plus

Tesla clearly isn’t giving up on China’s brutal EV market just yet. After lukewarm sales and pressure from cheaper local rivals like BYD and Xiaomi, the company is back with new tricks. The Model YL, a bigger, three-row SUV, and Model 3 Plus, with a longer range, aim to grab attention. On paper, they look solid, but with prices likely higher than local alternatives, Tesla might have a tough sell. Still, it’s a smart move to push better features instead of just slashing prices. The EV war in China is intense, and Tesla knows it needs more than just hype to stay relevant.

Credit: Tesla

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