Insight

Aerospike, a database solutions company based in California, has hired Venkatesh Guntur as its new country manager for Southeast Asia.

New York-based Matter Motor, a company that makes electric vehicles and stores energy, said it had raised $35 million in a Series B round led by US-based venture capital firm Helena.

Koo, an Indian competitor to Twitter (now X), is shutting down after collecting more than $50 million.

Emcure Pharmaceuticals on Tuesday said it had garnered Rs 583 crore from anchor investors a day before its initial share-sale offer opening for public subscription.

A blockchain-based AI company called Sentient has raised $85 million in a seed round led by Panera Capital, Framework Ventures, and Peter Thiel's Founders Fund.

Olympian PV Sindhu has put money into The Hoop D2C wellness brand, which is his second investment in the Indian startup environment.

BITS Pilani, an institution known for its commitment to innovation, has signed a five-year Master Research Agreement (MRA) with Mercedes-Benz Research and Development India Private Limited (MBRDI) for advanced technology research.

IT services company HCL Technologies and tech giant IBM said they would be working together to create a Generative AI Centre of Excellence.

A website called Bike Bazaar which helps people finance and buy two-wheelers has borrowed Rs 25 crore, which is about $3 million, from MAS Financial. This is based in Pune company's first debt round in 2024.