GE Healthcare, the $18 billion healthcare technology division of General Electric Co, will provide funding of up to $50 million for global start-ups under its new accelerator programme, aimed at improving affordable healthcare in emerging markets. The company would potentially invest up to $5 million per start-up to commercially scale up their innovations. GE’s funding for each start-up will be evaluated on a case-by-case basis.
Chennai-based SaaS firm CloudCherry has raised $6 million from prominent venture capital firms including Vertex Ventures, Cisco Investments and existing investor IDG Ventures – which have picked up a significant minority stake in company. The SaaS-based platform for customer experience management owned by Customer Analytics Technologies, will utilize the Series A round of funding to expand its business outside India in markets such as the US, Southeast Asia and West Asia.
Apple Inc has acquired Indian machine-learning start-up Tuplejump Software Pvt Ltd as it seeks to expand its expertise in artificial intelligence. Tuplejump’s software specializes in processing and analysing big sets of data quickly
Fin-tech startup InMotion Media Ventures Pvt Ltd has received an undisclosed amount of funding from online drug marketplace 1mg’s founders Prashant Tandon and Gaurav Agarwal. The startup is raising a total of INR1.5 crore ($225,000) as part of the pre-Series A round. The company provides financial services to daily wagers and low-income groups. It transfers money in any bank account in India on real-time basis and converts local grocery shops into a bank with the help of the app.
Child development app ParentLane has received angel funding from Capier Investments, the personal investment firm run by Rohit MA, cofounder of Cloudnine Hospitals. The app focuses on child development from infancy to the age of eight. “We answer queries across 60-70 categories of child development starting from food to different parameters of growth and development.