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The proposal for the new mega fund comes amid reports that managing director and chief executive Sujoy Bose, who has been at the helm of NIIF since its inception in 2016, may quit. ....
Bengaluru (Karnataka) [India], December 16 (ANI/PRNewswire): UptimeAI, a leading AI-based digital transformation solution provider for the energy, chemicals, and heavy industries, has raised a total of USD 3.5 Million in funding led by Emergent Ventures. Joining the round are existing investors YourNest Venture Capital and new investors Sharad Sanghi, AI Sprouts, and Venture Catalysts. With the funding, UptimeAI plans to expand in the US to cater to its growing customer base. Founded by Jagadish Gattu and Vamsi Yalamanchili, UptimeAI offers an AI-based virtual assistant software that uses patented self-learning workflows and system models to deliver human-like learning and diagnosis. The software empowers operators to improve reliability, performance, and energy efficiency with less effort. The result is 10X improvements in ROI over traditional predictive analytics and asset performance management solutions. Over the past 1.5 years, UptimeAI has deployed its solution for Fortune 500 co ....