Based in Bangalore, India, located in Palo Alto, CA and headquartered in Houston, Inito, a fertility-focused health technology startup, raised $29 million in Series B funding to expand its at-home diagnostics platform and develop new tests powered by AI-designed antibodies. The company has an R&D hub in Dubai. Founded with...
HP Enterprise, VVDN Tech, to Manufacture $1Billion Worth of Servers in 4-5 years
Palo Alto CA-headquartered Hewlett Packard Enterprise (HPE) and original design equipment maker VVDN Technologies headquartered both in Gurugram, India, and Fremont, CA, signed a pact to produce high-end servers worth $1 billion in the next five years. The production is expected to start from November this year. India recently announced...
Walmart Labs Acquires Two Tech Startups in India
Walmart Labs, the technology arm of Bentonville, Arkansas-headquartered Walmart, acquired two startups based in India to strengthen its customer service systems. Bangalore-based FloCare, a health tech firm, is one of them. It builds products and technologies that enables seniors to access affordable and scalable healthcare services. The company, co-founded by a...
Varian Medical Buys India Oncology Service for $283 million
Palo Alto CA-based Varian Medical Systems will acquire Cancer Treatment Services International (CTSI) for $283 million from the private equity firm Texas Pacific Group. Founded by a team of University of Pittsburgh Medical Center (UPMC) doctors and business partners in 2006, privately held CTSI operates cancer care brand American Oncology...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...
ThoughtSpot Invests $10 Million in India R&D Center
Palo Alto, CA-based business intelligence and big data analytics platform ThoughtSpot expanded its engineering operations by establishing an India Engineering Center in Bangalore. This research and development hub is ThoughtSpot’s first in the Asia Pacific region and third globally, complementing offices in Seattle, Washington and its Silicon Valley headquarters. The Center will accelerate the development...