Virtual reality startup SmartVizX has raised $500,000 to expand its reach, while artificial intelligence startup Yana AI has received angel investment from Hong Kong based investors
Virtual reality startup SmartVizX raises over $500k
The company plans to utilise the funding to expand its research and development activities and to launch a new Bangalore center within the first few months, the company said in a statement. The funds will also be used to grow the team – including hiring a new R&D head and a Chief Technology Officer – that will innovate on products and applications across sectors.
While the main focus areas for SmartVizX over the next six months will remain the real estate and AEC industries, it also plans to expand into new areas such as listing portals, e-commerce, and the furniture industry to enable better visualization of products and services. It also plans to build further virtualization tools in addition to testing new methods of engagement through this immersive technology.
Artificial intelligence firm Yana raises seed fund
Artificial Intelligence startup Yana has raised seed funding from Hong Kong based investors led by Puneet Gupta of Goldman Sachs, as per a report by Inc42. The amount of the funding was not undisclosed.
Founded in May 2015, Yana AI is a completely automated chat-based engine to get groceries, cabs, services and contacts. The company plans to use the latest round of funding to expand into more categories including recharges, food, travel, shopping and more.
The startup has tie-ups with companies like PepperTap, ZopNow, Ola, Uber, HouseJoy and EasyFix, and is operational in most major Indian cities including Delhi-NCR, Bengaluru, Mumbai, Pune, Hyderabad among others.
The app also allows users to compare prices and services across multiple vendors to help them make an intelligent and informed choice.