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The round also witnessed participation from existing investors Chiratae Ventures, Varanium Fintech Fund, and VCMint.
The round also saw participation from Pentathlon Ventures, Silicon Road Ventures, and existing investor Titan Capital.
May 2026 saw the CLARITY Act advance in the US, Europe tighten MiCA implementation, India step up crypto policy discussions, and a string of high-profile fraud, sanctions and geopolitical investigations.
The funding round also saw participation from Anicut Capital and Veltis Capital.
His transition also comes as the government continues efforts to expand AI adoption across sectors.
The startup will use the fresh capital to expand its presence in the US and other international markets.
Kalinowski had joined OpenAI in November 2024 to develop AI-powered robotics and consumer hardware products.
The logistics and supply chain management solutions provider will use the funds for planning intelligence and automated freight workflows, and accelerating go-to-market strategies.
The funds will be used in research and development, advancing satellite deployment plans, and scaling its data relay network.
Notably, Meta had made an attempt to lure a handful of senior researchers from Thinking Machines last year but they had reportedly rejected the offer.
The round was led by Pentathlon Ventures, with participation from Yatra Angel Network and from existing investors 100Unicorns and Venture Catalysts.
He will succeed Madhabi Puri Buch, whose tenure as SEBI chief ends on February 28, 2025.
Malhotra replaces Shaktikanta Das whose six year tenure comes to an end on December 10, 2024.
RBI Governor Shaktikanta Das announced that small finance banks will now be permitted to provide pre-sanctioned credit lines through UPI.
