Gaming startup QuriousBit, deeptech startup PierSight, cybersecurity startup Zeron and artificial intelligence-based design platform Figr have raised early-stage funding, the companies said on Wednesday.
QuriousBit
Gaming startup QuriousBit has secured $2 million (Rs 16.64 crore) in a seed funding round led by Lumikai, with participation from General Catalyst.
The Bengaluru-based company will use the funding to strengthen its team.
Founded by Ramakrishna Reddy Y L, and Shubham Joshi, QuriousBit builds casual puzzle games for mobile platforms. It aims to build a personalized gaming experience.
“We see an opportunity in casual puzzle games beyond match-3 and blast genres. Some of these genres have potential with innovative core gameplay mechanics and deeper narratives,” said Reddy.
Meanwhile, Lumikai is an early-stage gaming-focused VC firm that has backed startups like All Star Games, Loco, Crater, Eloelo, Studio Sirah, Bombay Play and CloudFeather Games. In June, the firm hit the first close of its second fund as it received commitments for nearly $25 million, out of the targeted corpus of $50 million for its fund from a host of global and domestic investors.
Ocean-surveillance-based deeptech startup PierSight has raised $600,000 (Rs 4.99 crore) in a pre-seed funding round led by early-stage investor All In Capital.
The round also saw participation from Techstars and angel investors such as Andreas Klinger, Vismay Agrawal and Nikunj Jalan, among others.
Ahmedabad-based PierSight will deploy the fresh capital for hiring talent and procuring essential electronic components for integration and comprehensive testing. In addition, it is also looking to partner with social and environmental agencies for solutions, developing prototypes, and collaboration on studies.
Founded by Gaurav Seth and Vinit Bansal, PierSight works in the area of ocean surveillance using synthetic aperture radar (SAR) imaging and automatic identification system (AIS) satellites. PierSight aims to provide continuous monitoring of maritime operations in 30-minute intervals.
“Our engagements span a spectrum of clients, encompassing island nations, government commerce divisions, and environmental agencies, all of whom have concerns about the exploitation of exclusive economic zones. We combine SAR and AIS technologies deployed via satellite, providing a comprehensive solution to address this problem,” said Seth.
Zeron has secured $500,000 in a seed funding round led by Varanium Capital, with participation from Yatra Angel Network.
The fresh proceeds will be used for Zeron's ongoing research and development initiatives and expanding its global presence.
Earlier this year, the startup raised funding from early-stage investors 100X.VC along with angel investors like Anoop Mathur (AM Capital), and K.R.S. Jamwal (Tata Industries).
Founded by Sanket Sarkar, Zeron is a cybersecurity firm that offers solutions for organizations aiming to secure their cyberspace. It uses artificial intelligence (AI) to ensure clients make well-informed decisions, effectively countering the cybersecurity challenges.
Its client portfolio includes Affin Bank, NTUC, Aditya Birla Capital, and Bank Open among others. Currently, it has a presence across countries like Indonesia, Canada, Singapore, the UK, the Philippines.
Figr
Figr has raised $250,000 (Rs 2.08 crore) in a pre-seed funding round from Antler India.
The funding will be used to develop its technology stack along with expanding its engineering team.
Founded in 2023 by Moksh Garg and Chirag Singla, Figr uses AI to rejig the product design process. Its platform acts as a co-pilot for design teams to streamline ideation, design research, interface design, and front-end development.
Figr, which has so far been operating in stealth mode, claims to have 30,000 users.
Antler India is the local arm of Singapore-headquartered Antler, an early-stage investment platform that invests mainly in pre-seed startups.
In May, Antler India led the Rs 3.2 crore pre-seed funding round of insurtech startup Covrzy. Veda VC also participated in the funding exercise.
