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Accel closes $650 million for new India fund

Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s seventh India fund secured in March 2022. Accel β€” which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy, and software group Freshworks […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Ex-Microsoft employees get $4M from Accel to build an AI tool for product presentations

Product teams often have tons of screen recordings and screenshots that end up unused. Video production using those screen recordings has been time-consuming and expensive. That’s why two former Microsoft employees started to buildΒ Lica, which is an AI tool that easily creates tutorials and product videos out of screenshots and screen recordings. The startup was […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

European AI infra company Nebius nabs $700M from Nvidia, Accel, others

Nebius, the publicly traded European AI infrastructure company formerly known as Yandex N.V., has raised $700 million to fuel its U.S. expansion. The financing came from β€œdozens of very well-known investors,” Nebius CEO Arkady Volozh (pictured above) told TechCrunch during a press briefing today. While all the investors’ names will be revealed when the paperwork […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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