Vecton AI raises pre-seed funding led by Zeropearl VC
The Bengaluru-based startup will use the fresh capital to accelerate the development of enterprise-grade AI solutions and strengthen its Forward Deployed Engineer (FDE) model, among others.
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The Bengaluru-based startup will use the fresh capital to accelerate the development of enterprise-grade AI solutions and strengthen its Forward Deployed Engineer (FDE) model, among others.
Talking about his fund, LPs, investment strategy, Cedar Hill Capital's founder Sahil Anand said raising capital remains challenging.
The funding round also saw participation from Luthra Group and follow-on investments from existing investors SVL-SME Fund (managed by SBI Ventures Limited), Rainmatter Capital, and 8X Ventures Fund I.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The Bengaluru-based startup will use the fresh capital to strengthen its underwriting, actuarial, catastrophe modelling, and AI capabilities.
As part of the team expansion, former Divyam.ai CTO and co-founder Sudhir Reddy has joined Razorpay to lead its AI and data architecture initiatives.
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The round also saw participation from Razorpay and Wyser Capital.
The funding round will also see participation from Glade Brook Capital, Gaja Capital, Indigo Ventures, and several angel investors and family offices.
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The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The round also saw participation from Pentathlon Ventures, Silicon Road Ventures, and existing investor Titan Capital.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
The fund is anchored by Self-Reliant India Fund, HDFC Asset Management Company, and HDFC AMC Select AIF FoF.
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The latest round gives ServiceNow Ventures an around 5% stake in the Noida-based company.
Its research and development (R&D) expenditure jumped 28% to Rs 41 crore during the quarter from Rs 32 crore in the same quarter in the previous fiscal.
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
Simo joined OpenAI’s board in 2024 before taking charge of the newly created CEO of Applications role in 2025.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.