Several tech startups — DevRev, Groq, MYAVANA, UptimeAI, PICit, among others, have announced their venture capital funding to support innovation and business growth.
DevRev raises $100 mn
DevRev, an AI-native platform that unifies customer support and product development, has raised $100.8 million in a Series A funding round. The valuation of DevRev has reached $1.15 billion.
The VC funding round was led by Khosla Ventures, Mayfield Fund, and Dheeraj Pandey’s family office, Param Hansa Values, in addition to several accelerators and family offices of tech CEOs and VCs.
DevRev is a knowledge graph company, with its AgentOS platform, is operationalizing GenAI in the enterprise with 1-click data migration from legacy systems and lightweight AI agents.
MYAVANA raises $5.9 mn
MYAVANA, a tech startup in AI-driven personalized hair care, has closed a $5.9 million seed round.
Investors include Prisma Ventures, H/L Ventures, New Age Capital, BrainTrust, Duo Partners, REFASHIOND Ventures, Resilient Ventures, Amazon, Reform Ventures, and NGC Capital.
UptimeAI raises $14 mn
UptimeAI, the world’s first AI-based plant monitoring software for industrial businesses, has raised $14 million in a Series A funding to boost its North American operations.
WestBridge Capital led the VC funding round, with participation from Emergent Ventures and Aditya Birla Ventures.
Groq receives investment
Global Alternative Investment Management has made a strategic investment in Groq, an AI technology company developing chips to run generative AI models faster than conventional processors.
Groq recently raised $640 million in a Series D round at a valuation of $2.8 billion.
The VC funding round was led by funds and accounts managed by BlackRock Private Equity Partners with participation from both existing and new investors including Neuberger Berman, Type One Ventures, and strategic investors including Cisco Investments, Global Brain’s KDDI Open Innovation Fund III, and Samsung Catalyst Fund.
PICit receives investment
PICit, a leader in port, rail, and intermodal logistics management software, has received investment from Arcadea Group, an investor in global software businesses.
PICit will use the funding for strong growth in domestic and international markets, and accelerate product development.
