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The Latest Breaking News from Accel

Exclusive: Startup Arrakis emerges from stealth with $38 million in funding to bring AI to industry

The company wants to bring agentic AI to aerospace, energy, logistics, and manufacturing.

Rentomojo gets Sebi nod for IPO; Accel, Chiratae among investors selling stakes

Rentomojo gets Sebi nod for IPO; Accel, Chiratae among investors selling stakes

The company filed a draft red herring prospectus (DRHP) with the market regulator in March this year. It plans to raise Rs 150 crore via the issue of fresh equity and an offer for sale (OFS) of up to 28 million shares. The face value of each equity share is…

The Economic Times

Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger Global

Flipkart-backed Ninjacart raises $6 million from Accel, Nilekani, Tiger Global

The Bengaluru-based company, which supplies fruits and vegetables to quick-commerce platforms, modern trade, kirana stores, restaurants, and exporters, said it has turned Ebitda (earnings before income, tax, depreciation, and amortisation) profitable. It did not disclose the valuation or the total size of the planned multi-tranche round.

The Economic Times

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Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft

Bengaluru-based Sarla Aviation, backed by Nikhil Kamath, has successfully completed flight tests for its electric aircraft technology demonstrator, Sylla. This milestone precedes the planned 2028 launch of their full air taxi, Shunya. Sylla 1.0 validated key engineering objectives, including vertical take-off and hover capabilities, marking a significant step for India's…

The Economic Times

AI is supercharging the timeline from founding to unicorn status

Europe’s new unicorns are arriving faster in the AI era, with 20% hitting $1 billion within two years since 2023.

AI startup Rocket in talks to raise $40-50 million: sources

If completed at the current terms, the round will mark a sharp re-rating for the company less than a year after it raised $15 million from Salesforce Ventures, Accel and Together Fund at a valuation of around $60 million. The new capital is expected to be used to deepen Rocket’s…

The Economic Times

QOSMIC raises $3.3 million from Prosus, Accel, South Park Commons to solve space’s growing data bottleneck

Bengaluru-based QOSMIC has secured $3.33 million in seed funding to tackle a growing bottleneck in space: getting vast amounts of satellite data back to Earth. The newly raised capital will be used to scale manufacturing, integration and testing capabilities, while expanding engineering teams across optics, mechanical systems and electronics.

The Economic Times

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L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told ET that the deal values the Gurugram-based startup at around Rs 4,100 crore.

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

Rekise Marine raises $9.7 million from Accel, NKSquared to build autonomous naval platforms

Rekise Marine raises $9.7 million from Accel, NKSquared to build autonomous naval platforms

Bengaluru-based Rekise Marine secured $9.7 million from Accel and NKSquared. The funding will accelerate the development of autonomous ships and submarines for the Indian Navy. The company focuses on full-stack development of unmanned maritime systems. This investment supports the expansion of engineering talent and the advancement of their extra-large autonomous…

The Economic Times

Intel spinout Articul8 eyes $50 million for India heritage AI venture

Intel spinout Articul8 eyes $50 million for India heritage AI venture

Articul8, a spin-off from Intel, is raising $30-50 million to establish an India-based AI entity focused on traditional knowledge systems like Sanskrit. The venture aims to build "heritage models" trained on ancient Indian languages and cultural data, with potential applications in various fields and global preservation efforts.

The Economic Times

Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a…

The Economic Times

Exclusive: Ex-Palantir AI execs raise $12 million seed round for Perceptic, a startup automating drug discovery

Exclusive: Ex-Palantir AI execs raise $12 million seed round for Perceptic, a startup automating drug discovery

Three former Palantir AI execs founded Perceptic, which is getting funding from Accel, Air Street Capital, and Elder Gull.

Peak XV joins UK infrastructure startup Primer’s $100 million funding round

Peak XV joins UK infrastructure startup Primer’s $100 million funding round

Peak XV Partners has joined a $100 million fundraise for global payments infrastructure startup Primer, marking another overseas investment for the Indian VC firm. The funding will accelerate AI investments and US expansion, where Primer expects significant revenue growth.

The Economic Times

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Exclusive: AI startup Viktor raises $75 million to put a virtual ‘coworker’ in Slack and Teams

The former Meta engineers behind Viktor say their AI agent has hit a $15 million revenue run rate in about 10 weeks.

The Economic Times

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

Tom’s Hardware

Anthropic in early talks to buy DRAM-less AI inference chips from UK startup — Fractile's SRAM architecture reduces need for pricey memory during extreme pricing and shortage crunch

Anthropic has reportedly held early discussions with London-based chip startup Fractile about purchasing the company's inference accelerators.

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Generation Lab raises $11 million, becoming Accel’s first longevity bet

Accel has led longevity startup Generation Lab’s $11 million seed round, Fortune has exclusively learned.

New startup wants to build self-updating, autonomous websites that 'generate' content and 'optimize themselves' without human intervention - but I wonder what Google will make of this

Flint, backed by Accel and Sheryl Sandberg, is developing autonomous AI websites that generate and optimize themselves without human oversight.

Exclusive: Supabase raises $100 million at $5 billion valuation as vibe coding soars

Supabase has raised a $100 million Series E at a $5 billion valuation. Accel and Peak XV led the round, Fortune can exclusively report.

Evening Standard

Starmer hails Nvidia’s £2bn UK AI deal as ‘biggest-ever tech agreement’ with US

Prime Minister says partnership marks milestone in special relationship at London event.

Berlin Gaming Startup Born Raises $15M From Tencent, Accel To Combat Loneliness With AI 'Friends' That 15M Users Love

A virtual pet that only comes alive when two people raise it together is at the center of a growing AI movement out of Berlin.

This Berlin AI Startup Quietly Went From $350M To $2.3B In Four Months — And It's Just Getting Started

In only four months, Berlin-based artificial intelligence startup n8n has surged from a $350 million valuation to $2.3 billion, as venture capital giant Accel leads a funding round expected to raise hundreds of millions of euros for the company, according to Bloomberg.

Cybersecurity upstart Legion emerges from stealth with $38 million from Accel, Coatue, and others

This also marks the U.S. launch of VC firm Picture Capital, who co-led the round.

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