Startup Funding: March 2021
Self-driving vehicles revved up investors in March, with two companies receiving over $200M apiece as they prepare for their systems to enter mass production. One focuses on software for passenger vehicles, while the other is looking to autonomous trucks. Both of the companies received investment from automakers, with China’s largest carmaker SAIC joining each of the funding rounds. It was also a good month for startups making chips for AI acceleration, with four companies from seed to Series D stages raising funds. Plus, two companies are looking to shake up the memory and storage space with some unique solutions. This month, we take a look at 24 startups that collectively raised over $1.3B.
Indian VC firm Endiya Partners launches its first accelerator program
Photo: Pixabay
March 16, 2021
Venture capital firm, Endiya Partners has partnered with Applied Ventures, LLC, the venture arm of material engineering solution provider, Applied Materials, to launch its first accelerator program, Frontier-Tech Ignite (X) Program (FTIX).
Through the accelerator program, the venture capital firms aim to identify and mentor high-potential startups in the domains including software-as-a-service (SaaS), semiconductor; artificial intelligence, machine learning, blockchain; internet-of-things (IOT), as well as sensors and cybersecurity, while providing them access to international markets.
The FTIX selected cohort of five startups will have access to dedicated mentorship sessions with Endiya and Applied Ventures along with potential access to their network and portfolio companies. In addition, the selected startups will have the opportunity to demo and pitch for investments with Endiy
Apr 5, 2021
When asked why the program excites Endiya, the firm’s Managing Director Sateesh Andra said, “The last few years have seen advancements in the field of Frontier Technologies globally, leading to accelerated digital transformation geared to embrace newer possibilities. We have guided our portfolio companies, SigTuple, AlphaICs, Steradian Semiconductors, Myelin Foundry, Shieldsquare and Cell Propulsion – all market innovating ideas in technology – to cross the chasm, whether it was in finding the right investment, their first set of customers, or the right team to work with. At Endiya, we understand the founders, the dilemmas they face and how this ecosystem works, putting us in a great position to share our knowledge with the FTIX cohort.”
Programme for frontier tech startups launched thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.