Funding Successes: Stupa rakes in INR 280 million, Chainstack clinches strategic investment, six Chinese deals, and additional noteworthy investments
In a series of recent funding rounds, several tech companies from various regions have secured significant investments to support their growth and innovation.
Stupa Sports Analytics Expands Globally
Stupa Sports Analytics, a sports technology company based in Gurugram, India, has raised INR 280 million (USD 3.4 million) in a pre-series A funding round. The funding will be used to support talent acquisition, product enhancement, and global expansion initiatives, with a focus on expanding to the US, the UK, Australia, the Middle East, while maintaining its presence in Europe and Asia. Stupa Sports Analytics aims to attract artificial intelligence and engineering talent to develop sports tech solutions.
Funding for Go Digit and Chainstack
Go Digit, an Indian insurtech firm, has secured USD 141 million in pre-IPO funding. Anchor investors for this round include SBI, ICICI Prudential, Axis Mutual Fund, Mirae Asset, Tata Flexi, Motilal Oswal, PGIM India, and Edelweiss. The funding will support the company's growth and expansion.
Chainstack, a Singapore-based blockchain infrastructure provider, has secured strategic funding from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures. The funding will enable the advancement of Chainstack's core product offerings, particularly white-label solutions for businesses.
Raypai Photonic Crystal and AI-Sensing Technology Secure Funding
Raypai Photonic Crystal, a Shanghai-based supplier of augmented reality display modules, has secured an undisclosed amount of funding in two tranches. Biyi Electric invested in the latest tranche of Raypai Photonic Crystal's funding, while CVTE, VDL, and ABC International Holdings participated in the first tranche.
AI-Sensing Technology, an enterprise focused on bionic olfactory chips, has completed its pre-Series A round of financing. The round was led by CWB Capital for AI-Sensing Technology, with participation from Huagai Capital, Hong Kong X Technology Fund, Gan Jie, Gao Bingqiang, and Megawave Capital.
Funding for Good Feeling Fitness, Kuntai Maglev, and Red Health
Good Feeling Fitness, a tech-enabled fitness company, has raised nearly RMB 200 million in Series C funding. The round was led by Hiyields Capital for Good Feeling Fitness, with participation from existing shareholders and Longhua Capital.
Kuntai Maglev, a Hangzhou-based developer of magnetic levitation systems, has completed its Series A funding round, raising an undisclosed sum. The round was led by BlueRun Ventures for Kuntai Maglev.
Red Health, an Indian medical response platform (formerly known as StanPlus), has raised USD 20 million in a Series B funding round. The funding for Red Health will support the company's development of technology solutions for the emergency supply chain, such as an auto-dispatch system to optimize response times. Red Health plans to expand its operations across 40 cities and partner with over 500 hospitals in India.
Funding for Run Bo Technology and Bytetree
Run Bo Technology, a military technology entity based in Chengdu, has announced the completion of a new round of equity financing. Details about the investors for this round are not available.
Bytetree, an artificial intelligence data management platform, has raised an eight-figure RMB sum in an extended angel funding round. The investors for this round include Cowin Capital and Xiangcheng Financial Holdings.
These funding rounds highlight the ongoing investment in innovative tech companies across various sectors and regions, signaling a promising future for the tech industry.
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