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Bloq Quantum, co-founded by Sreekuttan L S and Jay Patel in 2024, has raised Rs 1.3 crore in a pre-seed funding round led by Inflection Point Ventures. The Kollam-based startup, which previously secured $95.8K from an existing investor, focuses on simplifying enterprise adoption of quantum computing with its low-code interface. The funds will be used for product development, team expansion, and innovation in quantum algorithms. The global quantum computing market, valued at $10.13 billion in 2022, is expected to exceed $125 billion by 2030. #BloqQuantum #QuantumComputing #SreekuttanLS #JayPatel #InflectionPointVentures #PreSeedFunding #TechStartups #Innovation #LowCode #EnterpriseTech #GlobalExpansion #QuantumAlgorithms #startup77

How satellite connectivity startup Skylo hooked backers such as Intel, BMW and Samsung to raise $37 million Silicon Valley aerospace startup Skylo Technologies secured funding from the corporate venture arms of Intel, BMW and Samsung, as the company aims to bridge the gap between satellite and terrestrial communications. Skylo raised $37 million in an equity round, the company told CNBC, which was led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Next47, Samsung Catalyst Fund and Seraphim Space. The raise brings Skylo's total equity fundraising to $153 million, with previous investors including SoftBank and DCM. Get more details below on link https://lnkd.in/g7Rmt5dT . . . #breakingnews🚨 #worldnews #latestnewstoday #latestnewsonline #technewsindia #latest #post #latestpost #newsheadlines #newsindia #newsupdate #newsupdates #trendingnews #fakenews #newsfeed #today

Israel-Based Pliops Merged with Kalray French supplier of cutting-edge data #processing solutions Kalray has decided not to merge with Israeli firm Pliops, which creates acceleration solutions for AI and storage servers in data centers. The French company has said that it will not proceed with the merger, despite the announcement of the agreement to join two months ago. Since then, Kalray shares have dropped by more than 50%, and the deal was solely stock-based. Since its founding in 2017, Pliops has raised more than $200 million from a number of well-known investors, including NVIDIA, AMD, Western Digital, SK Hynix, Alicorn, Koch Disruptive #Technologies, State of Mind Ventures Momentum, Intel Capital, Viola Ventures, and SoftBank Ventures Asia. Following its August 2022 $100 million Series D financing, its most recent valuation ranged from $650 to $700 million. Read more - https://lnkd.in/ez5yD894 To share your startup story write us on - [email protected] #Israel #Merged #Pliops #Kalray #Startup #Technology #StorageIndustry #SemiconductorCompany

#fundingalert 💼Company: Kvantify 💰Funding: €10 Million ⚡Round: Seed 👥Investors: Dreamcraft Ventures, Lundbeckfonden / Lundbeck Foundation , 2degrees, Redstone VC, Danish lead Quantum VC , 2xN as well as EIFO. Kvantify is a pioneering quantum software company based in #Denmark. The company leverages quantum and high-performance computing to create revolutionizing solutions for complex scientific and industrial challenges. It’s mission is to make quantum computing technology widely accessible, and a valuable tool for businesses worldwide. Marco Stutz, Carsten Gjørtler Salling, Jacob Falck Hansen, Hans Henrik H. Knudsen, Allan Grønlund, Nikolaj Thomas Zinner, Albert J. Kooistra, Anders Christian Barlebo Read more - https://lnkd.in/gztZwgRz To share your startup story write us on - [email protected] #Kvantify #quantumsoftware #technology #businesses #revolutionizing #startup #fundraising #funding #news #startup

Excited to share that BeyondTeq ventures is now a member of the NVIDIA VC Alliance, a venture capital program that supports VCs and startup accelerators focusing on artificial intelligence. By joining this alliance, investors gain access to co-investment opportunities, introductions to promising startups, portfolio company support, exclusive forums, and more opportunities to collaborate with NVIDIA. This program provides access to exclusive VC Alliance benefits including curated deal flow to access Inception startups raising capital via Inception Capital Connect. It will also enable us to support our portfolio startups better by providing them access to Nvidia's vibrant ecosystem. #nvidiainception #nvidiavcalliance Dr.Aadil Alexander Sachith Sebastian Start2Scale NVIDIA Taurean Surgical Dr.Rahul kumar Ryan Maxwell

AI Hardware startup Cerebras Systems looking to exit by IPO. Targeted valuation of around $4B based on series F funding of $250M led by @alpha wave ventures, Altimeter, Benchmark , and more. Some thoughts 1. This is great news for semiconductor hardware startups which are capital heavy investments. Exits like going with IPO(rather than M&A in this regulatory excess environment) will boost confidence for more investors to seek out alternatives to SaaS startups and prevent duopoly in the AI hardware market segment. 2. AI Hardware market is projected to hit $73B by 2027 with major incumbent players(NVIDIA, AMD) taking the lions share. Unique differentiation like building entire AI processing units on massive silicon wafers makes Cerebras stand out of the pack. Even 5% market capture by the startups could lead to sustained long term revenue with a creative business model. #semiconductor #semiconductors #semiconductorindustry #semiconductormanufacturing #semiconductorjobs #aihardware #startupsuccess

✨ Imagimob CEO Anders Hardebring will be speaking at Podim Conference in Slovenia this May! He will be sharing what it's like to go from a small startup, to part of a big organization when Imagimob became a part of Infineon Technologies last year. Infineon's Startup Innovation Challenge is also launching at the event; watch this space for more information soon! #edgeai #machinelearning

#fundingalert 💼Company: NcodiN 💰Funding: €3.5 Million ⚡Round: New Round 👥Investors: Elaia, Earlybird Venture Capital, and OVNI Capital. NcodiN is a Deeptech startup at the forefront of technological innovation, aiming to develop a groundbreaking optical interposer that will redefine system integration in High-Performance #Computing and Artificial Intelligence processors. An optical interposer created by NcodiN allows chiplets inside of processor packages to communicate optically with high #bandwidth and low latency. Clément Vanden Driessche, Dr. Frédéric du Bois-Reymond, Francesco Manegatti, PhD, Fabrice Raineri, Bruno Garbin Read more - https://lnkd.in/gdNnUvXs To share your startup story write us on - [email protected] #NcodiN #Deeptechstartup #technological #innovation #ArtificialIntelligence #funding #fundingnews #news #startup #startupnews #startuprise

An insightful panel discussion tonight at DESY with Katharina Fegebank, Dr. Malte Heyne and Franz Kaertner about Hamburg's contribution to Germany's and Europe's technology sovereignty! Entrepreneurial scientists, access to venture capital, networks and a large research base are the key to transfer more technologies to the market. #PetraIV is a crucial project to keep Germany at the leading edge of particle accelerator technologies. Let's keep working together to further build the deep tech entrepreneurial ecosystem in Hamburg! #DESY #startups #technologytransfer #sciencecitybahrenfeld #petraIV