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Indian drone manufacturer ideaForge has announced a significant return to profitability, reporting a net profit of ₹6.5 Cr in Q2 FY24. This turnaround, following a loss in the previous quarter, signals strong operational momentum and renewed investor confidence in India's burgeoning deep tech and dr
Bengaluru-based Nova Spectral AI has raised ₹21.2 Cr (approximately $2.5 million) in a pre-seed funding round to develop cutting-edge indigenous infrared sensor chips, marking a significant step towards India's self-reliance in critical deep tech hardware.
Enlight Metals, an Indian startup leveraging Agentic AI to revolutionize metal procurement, has secured $1.5 million in funding from Exar North Group. This investment underscores the growing potential of AI in optimizing traditional B2B supply chains, particularly crucial for India's industrial sect
Global semiconductor equipment giant Applied Materials is investing $5 billion in India over the next four years, significantly bolstering the nation's push to establish a robust semiconductor manufacturing ecosystem and solidify its position in the global chip supply chain.
Tamil Nadu has launched ambitious AI initiatives, including the Tamil Nadu AI Mission (TNAIM) and a dedicated AI policy, aiming to establish the state as a national deep-tech leader. This strategic move is set to foster innovation, talent, and economic growth across India.
India's Centre will now subsidize AI chips for government and academic institutions, expanding upon existing support for startups. This strategic move aims to accelerate indigenous AI development, reduce reliance on foreign hardware, and build a self-reliant high-performance computing ecosystem with
LG Display has realized over ₩200 billion (approx. ₹1,200 crore) in annual savings by integrating AI across its manufacturing processes, from quality control to energy management. This monumental achievement underscores the transformative power of AI in industrial settings, offering critical insight
AUM Ventures has launched a substantial Rs 750 crore (approximately $80 million) fund dedicated to fostering India's burgeoning deeptech, AI, semiconductors, and defence startup ecosystem, signalling a robust commitment to indigenous innovation.
IndiaAI-backed Avataar has launched Varya, a homegrown 'distilled video AI model' capable of generating frontier-quality videos at 10x lower costs. This marks a significant milestone for India's indigenous AI capabilities, setting new benchmarks in efficient video creation.