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All Shark Tank India Judges gets emotional by hearing Witty Founders Shocking story!

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In a tale that reads like a startup fairytale, WittyFeed, India’s biggest and the world’s second-largest viral content marketing platform, is painting the town red with its latest triumph. Drumroll, please! They’ve just secured a wad of cash in a Pre-Series-A round, and the investors? Oh boy, they’re not just any Joe Schmoes; we’re talking about heavyweights like Anand Chandrasekaran, Apurva Chamaria, Ritesh Malik, and a bunch of other superstars.

What’s the buzz all about, you ask? Well, imagine a world where brands and consumers cozy up over viral content, served piping hot by WittyFeed’s AI-powered platform. Vinay Singhal, the brain behind this operation, couldn’t contain his excitement: “We’re talking world domination here, folks! With the backing of these industry mavens, there’s no stopping us.”

But let’s rewind a bit. This Cinderella story started back in 2014 when Vinay Singhal, along with Shashank Vaishnav and Parveen Singhal, set up shop in a humble Chennai hostel room. Fast forward to today, and WittyFeed is flexing its muscles with a whopping one billion audience reach, 80 million unique readers, and 160 million video views every month. Talk about a rags-to-riches tale!

So, what’s next on the agenda? With the newfound treasure chest, WittyFeed is gearing up to beef up its tech prowess, supercharge its distribution platform, and sprinkle some magic dust on its product lineup. And let’s not forget about expanding the sales squad to conquer new content-driven frontiers and dive deep into the enchanting world of video-making for brands. The possibilities are as endless as a fairytale adventure!

Apurva Chamaria, the VP & Head of Corporate Marketing at HCL Technologies, is placing his bets on WittyFeed’s skyrocketing success: “In a world where everyone’s glued to their screens, WittyFeed is hitting all the right notes. They’re not just a media company; they’re the architects of the 21st-century content revolution.”

And it’s not just Chamaria; Ritesh Malik, the Co-founder of Innov8 and a serial entrepreneur, is doubling down on WittyFeed’s potential: “WittyFeed isn’t just another startup; it’s a force to be reckoned with. We’re not just investors; we’re part of the dream team, helping them spread their wings across the globe.”

But wait, there’s more! A star-studded lineup of investors, including Ashish Toshniwal, Ajeet Khurana, Aneil Mahajan, Piyush Goel, the Singapore Angel Network, and Harsh Mani Tripathi, are all jumping on the WittyFeed bandwagon. It’s like assembling the Avengers of the startup world!

So, dear reader, buckle up for the ride of a lifetime as WittyFeed continues to rewrite the rulebook on viral content. From a humble hostel room to global domination, this is one story you won’t want to miss!

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Funding

From a Metro Ride to $100M Funding: The Story of Pocket FM’s Rise in Audio Entertainment

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POCKET FM

In 2018, Rohan Nayak found himself stuck in a crowded metro, pondering the lack of innovation in audio storytelling during his daily commute from Gurugram to Noida. This simple thought sparked the idea for Pocket FM, an Indian platform offering short-form, serialized audio content like podcasts and audiobooks. Fast forward to today, Pocket FM has secured a remarkable $103 million in Series D funding, led by Lightspeed Ventures and Stepstone Group, marking a significant milestone in its journey.

Despite facing initial challenges and “near-death experi

nces,” Nayak and his team persevered, experimenting with various audio formats before finding success with short-form, serialized fiction. Their focus on bite-sized content tailored to the busy lifestyles of Indians, along with a dedication to regional languages, has garnered a loyal user base and propelled Pocket FM to the forefront of the Indian audio entertainment industry.

Moreover, Pocket FM recently completed its first Employee Stock Ownership Plan (ESOP) buyback, further solidifying its commitment to its employees. With a combination of innovative ideas, relentless determination, and a deep understanding of their audience, Pocket FM has transformed the way Indians consume audio content and continues to pave the way for the future of audio entertainment in India.

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SiMa.ai Secures $70 Million Funding to Revolutionize Edge AI with Advanced MLSoC Technology

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SiMa.ai, a leading innovator in embedded edge machine learning (ML) technologies, has announced a significant boost in its funding, securing an additional $70 million. This latest investment round, led by Maverick Capital and supported by Point72, Jericho, and other key players, brings the company’s total funding to an impressive $270 million.

Located in the heart of Silicon Valley, SiMa.ai specializes in developing cutting-edge Machine Learning System-on-Chip (MLSoC) technologies tailored for edge AI applications. The recent infusion of funds is earmarked for accelerating the development and delivery of their next-gen MLSoC, slated for release in early 2025. This new wave of funding not only underlines the industry’s confidence in SiMa.ai’s innovative approach but also its strategic vision in meeting the growing demand for edge AI/ML solutions.

Revolutionizing Edge AI with Seamless, Software-Centric Platforms

SiMa.ai’s mission is to streamline the integration of AI and ML into edge devices, making it simpler for customers to navigate their AI/ML journey. From computer vision to advanced generative AI, SiMa.ai aims to provide a unified software platform that effortlessly scales with the evolving needs of its users. The company’s first-generation MLSoC has already set a high benchmark in performance and efficiency for vision-based edge inference tasks. Looking ahead, SiMa.ai is focused on broadening its horizons to support a wider range of modalities, ensuring superior performance and power efficiency across the board.

Empowering Edge Devices with Next-Gen MLSoC

The advent of generative AI is transforming how we interact with technology, making multi-modal interactions like text-to-speech and image-to-video increasingly common. SiMa.ai’s upcoming MLSoC is poised to become a cornerstone for edge devices, enabling them to process these complex inputs with unprecedented ease and efficiency. By marrying innovative hardware with versatile software, SiMa.ai’s technology is designed to handle any model size or type, paving the way for a new era of intelligent edge computing.

Krishna Rangasayee, Founder & CEO of SiMa.ai, emphasized the transformative impact of AI on human-machine collaboration. “Our next-generation MLSoC is a game-changer, giving edge devices the ability to see, hear, and speak. This leap forward is not just about maintaining our technological edge; it’s about providing a comprehensive, software-centric platform that evolves with our customers,” he stated.

Andrew Homan, Senior Managing Director at Maverick Capital, highlighted the broader implications of SiMa.ai’s work. “The rise of generative AI is reshaping data center architecture and paving the way for AI’s expansion to the edge. With its unparalleled team, technology, and momentum, SiMa.ai is perfectly positioned to lead this transformation,” Homan remarked.

As SiMa.ai continues to push the boundaries of edge computing, its latest funding round marks a pivotal moment in the company’s journey. With a strong financial foundation and a clear vision for the future, SiMa.ai is set to redefine the possibilities of edge AI, making smarter, more efficient technologies a reality for users worldwide.

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Mave Health Secures Rs 6 Cr Funding to Launch Innovative Mental Wellness Startup

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Mave Health

In the realm of mental health technology, a groundbreaking venture is making waves. Mave Health, a dynamic startup founded in 2023, is on a mission to redefine mental wellness.

Investors Take Notice: All-In Capital and iSeed Fund spearheaded a pre-seed funding round, injecting Rs 6 crore into Mave Health. This financial boost signifies a pivotal moment in the startup’s journey, igniting anticipation for what’s to come.

Unlocking the Potential: At the heart of Mave Health’s innovation lies Arc, a revolutionary brain stimulation wearable designed to combat depression. This non-invasive device marks a paradigm shift in mental health treatment, promising hope to millions.

Brains Behind the Operation: Mave Health’s success is a testament to collaboration. Partnering with top experts from renowned institutions like Harvard Medical School and Maastricht University, the startup ensures Arc’s efficacy and safety.

From Theory to Practice: The real measure of Mave Health’s impact lies in its users. With over 1,000 individuals experiencing tangible improvements in depression symptoms during the beta phase, Arc emerges as a beacon of progress.

Democratizing Access: Recognizing the importance of accessibility, Mave Health forges partnerships with psychologists, hospitals, and private clinics across India. This strategic alliance aims to make Arc readily available to those in need, fostering a culture of holistic well-being.

In Conclusion: Mave Health’s journey is not just about innovation; it’s about rewriting the narrative surrounding mental health. With Arc leading the charge, the startup paves the way for a future where wellness is inclusive, empowering, and accessible to all.

By blending cutting-edge technology with a human-centric approach, Mave Health sets a new standard for mental wellness, one where hope, healing, and innovation converge.

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