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LATEST UPDATE

Venture Capital Fund sets up $5M fund for IIT Startups

June 10, 2021: True Blue Partners (TBP), a Bay Area-based merchant bank, has pledged to invest $5 Million in startups that graduate from the IIT Startups from its Venture Capital Fund. TBP Venture Fund’s focus is on Seed and Pre-Series A investments in entrepreneurs focused on building enterprise AI/ML/NLP applications. As part of this IIT Startups-focused initiative so far, TBP has invested in Quark.AI, Hwy Haul, Canvia and Enact Systems that graduated from earlier Cohorts of IIT Startups.

“Our focus is on helping entrepreneurs on their strategic financial priorities and at pivotal moments in their company building journey. For entrepreneurs focused on AI in the enterprise, that means investment capital to build product-market fit and select the right institutional investment – Sunil Grover, Managing Partner, True Blue Partners, and IIT Bombay Alumni.

$1 M Seed Fund setup exclusively for IIT Startups portfolio companies

Sep 9, 2020: Asha Jadeja, the influential Silicon Valley-based venture capitalist, is pledging $1 Million in seed funding for IIT Startups portfolio. Previously, Jadeja has invested in over 100 start-ups including high-profile public companies such as Google and PayPal.

Asha Jadeja, founder of the non-profit Motwani Jadeja Foundation (MJF), has been an ongoing sponsor of IIT Startups since its launch.

Ford Acquires Electriphi to Provide Ford Pro Commercial Customers with Seamless Charging and Energy Management

June 17, 2021: Ford plans to integrate Electriphi’s capabilities with Ford Pro services to develop the most advanced charging and energy management experiences for commercial customers

Electriphi acquisition will accelerate fleet EV adoption by offering commercial customers depot charging management together with vehicles like the F-150 Lightning Pro and E-Transit van

The acquisition is part of Ford’s commitment to invest more than $30 billion by 2025 to lead the electrification revolution including a dedicated focus on commercial vehicles

DigitalOcean Acquires Serverless Platform Provider Nimbella

September 07, 2021: Acquisition expands DigitalOcean’s current PaaS offerings to maximize developer productivity

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced the acquisition of Nimbella, a serverless platform provider. The acquisition expands DigitalOcean’s capabilities into the rapidly growing function-as-a-service (FaaS) market and will add an additional serverless compute offering to complement the company’s existing Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings, which target developers in small and medium-sized businesses (SMBs).

Gupshup Acquires Leading RCS Platform, Dotgo

September 23, 2021: Acquisition propels Gupshup into global leadership in RCS (Rich Communications Services), solidifying its IP-based conversational messaging platform.

SAN FRANCISCO & BERKELEY HEIGHTS, N.J.--(BUSINESS WIRE)--Gupshup, the leader in conversational messaging, today announced that it has acquired New Jersey based Dotgo. Dotgo is the global industry leader in RCS business messaging (RBM), with award-winning technologies such as the RichOTP®, RichSMS™, Bot Store®, and MaaP (Messaging as a Platform) that foster the growth of RCS Business Messaging. A strong partner of Google, Mavenir, Synchronoss, Vodafone, and Orange, Dotgo manages RBM in several markets, and operates the world’s largest RBM Hub with global connectivity to RCS users across the world. Dotgo is uniquely positioned to help brands integrate, with simple APIs, the RCS channel into their customer communications, whether for sales, support, services, or other business processes.

6sense acquires Slintel to provide the most comprehensive B2B buyer intelligence and AI-powered insights available on the market

SAN FRANCISCO, Oct. 5, 2021 /PRNewswire/ — 6sense, the market leading account engagement platform, today announced the acquisition of Slintel, the leading provider of business-driven technographic data, buyer and market insights, and modern business contact data. Following the company’s recent acquisition of Fortella and 114% year-over-year revenue growth, the acquisition of Slintel reaffirms 6sense’s commitment to leading the RevTech RevolutionTM by providing the foundational data sales and marketing teams need to achieve predictable revenue growth.

Dialpad is on a Multi-Channel CCaaS Journey

October 19, 2021: Committing to its CCaaS ambitions, Dialpad acquires omnichannel digital engagement provider Koopid, making it the third such acquisition in the last two months.

Today, Dialpad announced it acquired Koopid, an AI-driven platform for omnichannel customer experience (CX). This is the third acquisition Dialpad has made in the last two months that demonstrate how serious the company is about contact center as a service (CCaaS): It was almost exactly a month ago that I wrote about Dialpad acquiring Kare Knowledgeware, which posted just three weeks after Dialpad announced a WEM partnership with Playvox. Dialpad wasn’t even on my CCaaS radar at the beginning of the year, but it certainly is now.

Vectorly Joins Hopin to Open the Door to More Engaging Shared Experiences

December 3, 2021: Today, we’re excited to share that we’ve acquihired incredible talent and acquired select assets from Vectorly, an AI-based video enhancement technology that improves audio-visual experiences.

At Hopin, we believe all people should be able to take part in shared experiences that make them feel inspired, energized, and emotionally engaged. We know seamless video technology is core to achieving our mission and we’re excited to welcome the Vectorly team to help deliver on that vision.

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We conduct workshops covering all aspects of a startup’s journey to equip entrepreneurs with the knowledge and tools needed to successfully launch and run their businesses.

We work with a select group of startups in each cohort, providing them with 1:1 hands-on mentoring from successful entrepreneurs and seasoned industry experts.

We connect our cohort members with corporate investors and venture capitalists through our Demo days and other social events.

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