India Dealbook: Julia Computing receives $600k grant; ConveGenius fundraise

Visual from ConveGenius website

Julia Computing, which provides a sophisticated compiler, distributed parallel execution, numerical accuracy, and an extensive library of fast mathematical functions, has received $600,000 in grant from US-based Gordon and Betty Moore Foundation. In a separate deal, Ed-tech startup ConveGenius has raised $0.3 million in fresh funding aided by Enablers.

Julia Computing gets grant from Gordon and Betty Moore Foundation

Julia Computing which provides a sophisticated compiler, distributed parallel execution, numerical accuracy, and an extensive library of fast mathematical functions, has received $600,000 grant from US-based Gordon and Betty Moore Foundation, according to a release.

The company will use the funding to bring the current beta-level language into its first long-term supported 1.0 version. It will make improvements to the various libraries (statistical, mathematical, graphical, etc.) develop a debugger, a profiler, and an integrated development environment.

“Scientists today are limited by current practices to extract useful information which can hamper research. We need new tools that can make it easier. The Julia Language offers significant benefits to data-driven researchers and should help speed the pace of discovery,” said Chris Mentzel, director of the Moore Foundation’s Data-Driven Discovery Initiative.

Founded in Dec 2013 by Viral B Shah, The Julia Language project’s mission is to create a free and open-source language that is general purpose but designed to excel at numerical computing and data science.

Shah who did his Ph.D in computer science from University of California, recently also co-authored the book Rebooting India with Nandan Nilekani, Infosys co-founder and former UIDAI chairman, along with research scientists and programmers Stefan Karpinski, Jeff Bezanson and Alan Edelman.

Gordon and Betty Moore Foundation was founded by Intel co-founder Gordon and his wife Betty to create positive change for future generations.

Ed-tech startup ConveGenius raises $0.3 million in funding

Noida and Singapore based ed-tech startup ConveGenius has raised $0.3 million (about Rs 2 crore) in a fresh round of funding aided by Enablers, a web-based platform connecting and facilitating fund-raising deals between investors and startups.

The capital raised from investors based out of India and South East Asia will be used for product enhancement and expansion of technology and content aggregation team, ConveGenius said in a statement.

“The aim is to provide access to educational content, and opportunities such as scholarships, career counselling and jobs to the masses by building products that are agnostic to vernaculars and the paying capacity of our users” said Jairaj Bhattacharya, co-founder of ConveGenius.

Founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, alumni of IIIT Hyderabad and the Young India Fellowship Program of Ashoka University, ConveGenius is an ed-tech company aimed at making learning affordable, fun and rewarding. The firm’s products are focused on mobile-based learning via technologies of gamification, adaptive analytics and intelligent content aggregation.

ConveGenius has reached out to more than 50,000 students in the last one year and a half through its products. The investment comes as a pre-Series A round while the company prepares for the larger Series A round.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.