Upekkha

Upekkha, Signeasy, and Google co-hosted a founder meetup in San Mateo last night. https://lnkd.in/gRnpetx4

𝐍𝐞𝐰𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝟐𝟑𝐫𝐝 𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟒   1. 𝐀𝐈 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 Cohere 𝐕𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 $𝟓.𝟓 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐍𝐞𝐰 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐑𝐨𝐮𝐧𝐝   Toronto-based Cohere will announce a $500 million Series D round at a $5.5 billion valuation. Led by PSP Investments, investors include Cisco, Fujitsu, AMD VENTURES, LLC, 𝐄𝐃𝐂, NVIDIA, and Salesforce Ventures. Cohere builds customizable large language models for AI. Founded in 2019, it has raised nearly $935 million, including a $270 million Series C in June 2023. 2. 𝐌𝐨𝐛𝐢𝐥𝐞 𝐂𝐨𝐧𝐭𝐞𝐧𝐭 𝐔𝐧𝐢𝐜𝐨𝐫𝐧 Glance 𝐢𝐧 𝐓𝐚𝐥𝐤𝐬 𝐭𝐨 𝐑𝐚𝐢𝐬𝐞 $𝟐𝟓𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐋𝐞𝐝 𝐛𝐲 Google   Glance InMobi Pte. is looking to raise the funding within a few weeks, but the deal is not yet finalized. In 2020, Glance had raised $145 Mn in funding from Google and existing investor Mithril Capital Management LLC to enter the unicorn club. Glance is also backed by Mithril Capital and Reliance Jio’s, among others. 3. 𝐇𝐑𝐭𝐞𝐜𝐡 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 Umwelt.AI 𝐆𝐚𝐢𝐧𝐬 𝐔𝐒𝐃 𝟏𝟐𝟓𝐊 𝐒𝐞𝐞𝐝 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 Upekkha   HR tech platform Umwelt.AI raised USD 125K in a seed round from Upekkha. Founded in 2023 by Vishal Chopra, Umwelt.Ai offers advanced people analytics and employee experience solutions, improving Employee Net Promoter Scores (ENPS) and response rates. Utilizing AI and data science, the platform helps organizations like Quess Corp Limited and Vero Moda enhance employee engagement and retention through real-time feedback and predictive analytics. 4. Slope 𝐬𝐞𝐜𝐮𝐫𝐞𝐬 $𝟔𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐟𝐮𝐧𝐝𝐢𝐧𝐠 𝐭𝐨 𝐞𝐧𝐡𝐚𝐧𝐜𝐞 𝐁2𝐁 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦   Slope, a B2B payments platform, secured $65 million in equity and debt funding led by J.P. Morgan, with participation from Y Combinator and 𝐒𝐚𝐠𝐚. This brings Slope's total funding to $252 million. Slope provides AI-driven order-to-cash automation for enterprises, enhancing financial operations. The funds will scale operations and support global enterprise needs, with Slope joining the J.P. Morgan Payments Partner Network. 𝐅𝐨𝐥𝐥𝐨𝐰 Corporate Valuations 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐬𝐮𝐜𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 #newhighlight #newsupdates #Startups #Investment #Growth #Fintech #Funding #StartupFunding #Investmen #funds #EquityFunding #Valuation #StartupNews #StartupInvestment #VentureFunding #ValuationServices #BusinessValuation

This wouldn't have been possible without the unwavering support and belief of our incredible team, clients, and investors. 🙏 Thank you for believing in our vision and journey. Your trust and commitment fuel our passion and drive us to reach new heights. Stay tuned, because this is just the beginning. There's so much more on the horizon, and we can't wait to share it with you all! 🌟🚀 Upekkha Vishal Chopra Sunil Joshi

Upekkha AI founders at Cohere with Abhishek Sinha and Payal Singh

Kicking off the SF immersion of Upekkha AI startups. Pre-immersion cheers with drinks Gokul Kunnel Subash Bose Prasanna Krishnamoorthy Sri Maneru Dilip Ittyera Fahad V M Abhishek Mohanty Giridhar L V

🚀 Exciting News! 🚀 I'll be back in the Bay Area (SFO) from June 21st to 30th for Upekkha (our incredible investors) immersion week. A huge acknowledgment to the entire team at Upekkha for coordinating it. Excited to meet our Enterprise customers who rely on us for AI-powered #leaseabstraction #leasemanagement and #leaseanalytics. If you are in the #commercialrealestate industry and love talking about #CAMreconciliations #PercentageRent #LeaseAudits #ERPaccounting, #Proptech, all things that keep our lives exciting, hit me up. Looking forward to Philz Coffee, the best sourdough breads and some amazing conversations! Vik Lulla MRICS / MCR Vinish Makkar

Economic headwinds, coupled with the AI boom, have made it necessary for investors to recalibrate their funding strategies. Amidst this frenzy, how can investors identify and calculate bets on future SaaS outliers? Shekar Nair, Partner at Upekkha, sheds light on strategies to help VCs flip the odds in their favour and maximize returns with mitigated risk. https://bit.ly/3RSsbCc