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Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
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ChatGPT Maker OpenAI in Talks to Raise New Funding at $100 Billion Valuation
OpenAI is in early talks to raise new funding at a valuation at or above $100 billion, making the firm one of the most valuable startups in the world, and second to Elon Musk's Space Exploration Technologies in valuation in the US, according to CBInsights data.
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Amazon Web Services Signs MOU With ISRO, IN-SPACe to Support Space Tech With Cloud Services
Amazon Web Services (AWS) has signed a memorandum of understanding with ISRO and IN-SPACe to support space-tech innovations through cloud computing. It plans to give space startups, research institutes and students access to cloud technologies through AWS Activate for new solutions in the space sector.
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Government to Launch New PLI Scheme for IT Hardware: Rajeev Chandrasekhar
The Central government will soon launch an information technology server and IT hardware production linked incentive (PLI) scheme, and also offer additional incentives for manufacturers that incorporate Indian-designed intellectual property into their products, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday.
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Microsoft CEO Satya Nadella Highlights Role of Developer Community, Indian Innovation in Transforming Lives
Microsoft CEO Satya Nadella on Thursday highlighted the crucial role of the developer community in creating products and solutions to transform organisations, stating that Indian innovation was transforming the lives of people around the world. Nadella, who is visiting India after three years, also met with Prime Minister Narendra Modi and External...
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Microsoft, ISRO Partner to Support Space Technology Startups in India: All Details
Microsoft and the Indian Space Research Organisation (ISRO) on Thursday announced a new partnership to help support space technology startups in the country. As part of the new collaboration, space tech start-ups identified by ISRO will be onboarded onto the 'Microsoft for Start-ups Founders Hub platform', which supports start-ups at every stage of...
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ISRO Supplies Rocket System to Private Launch Vehicle Agnibaan
The Indian Space Research Orgnisation (ISRO) has for the first time supplied a rocket system to support a private launch vehicle built in the country. Chennai-based space technology startup Agnikul Cosmos received its first flight termination system (FTS) on November 7 from ISRO.
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Space Technology Startups' Ambitions Face Limits as VC Backers Turn to Safer Bets Amid Economic Turmoil
Space technology startups have seen a fall in venture capital investment, as investors evaluating their investment strategies and focussing on companies with viable products in the market. Investments have fallen as VC backers turn to safer bets due to the current economic turmoil caused by decades-high inflation, rapidly rising interest rates and ...
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Indian Startups Will Soon Launch Space Satellites: Union Minister Jitendra Singh
The Indian startups would soon launch space satellites as well as satellite constellations and try their rockets, the Union Minister for Science and Technology Jitendra Singh said. He added that the space reforms have unleashed the innovative potentials of startups.
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ISRO Looking to Design, Build New Reusable Rocket for Global Market, ISRO Chairman Says
The next Rocket that ISRO builds after the GSLV-MK3 could be a reusable rocket, said ISRO Chairman S Somanath. The space agency has been working on various technologies including the Inflatable Aerodynamic Decelerator (IAD). By combining the new technologies, the space agency would like to join hands with industry, startups and its commercial arm ...
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Two Space Startups Authorised by IN-SPACe, Marks Beginning of Private Space Sector Launches in India
The Indian Space Promotion and Authorisation Centre (IN-SPACe) has started authorising Indian private firms, marking the beginning of private space sector launches in India.
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Yamaha Motor's Shared Mobility Platform MBSI Forays Into 4-Wheeler EV Segment
Yamaha's Moto Business Service India (MBSI) has partnered with Bengaluru-based Malbork Technologies to foray into the 4-wheeler EV segment. MBSI provides services to tech startups that focus on the shared mobility space in the country.
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2 Space Technology Startups Get Access To ISRO Facilities. What They Plan To Test
The Department of Space (DoS) has entered into a Framework MoU with aerospace startup Agnikul Cosmos for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of space launch vehicles.
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Historic Boom For India Tech As Six Startups Become Unicorns In Four Days
It was an historic week for India's technology industry. In the space of four days, the country minted at least six new startups with a valuation of $1 billion or more.
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Elon Musk's $100 Million Prize And How To Win It
Elon Musk, the world's richest man, is donating $100 million toward a prize for the "best carbon capture technology."
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Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
-
ChatGPT Maker OpenAI in Talks to Raise New Funding at $100 Billion Valuation
OpenAI is in early talks to raise new funding at a valuation at or above $100 billion, making the firm one of the most valuable startups in the world, and second to Elon Musk's Space Exploration Technologies in valuation in the US, according to CBInsights data.
-
Amazon Web Services Signs MOU With ISRO, IN-SPACe to Support Space Tech With Cloud Services
Amazon Web Services (AWS) has signed a memorandum of understanding with ISRO and IN-SPACe to support space-tech innovations through cloud computing. It plans to give space startups, research institutes and students access to cloud technologies through AWS Activate for new solutions in the space sector.
-
Government to Launch New PLI Scheme for IT Hardware: Rajeev Chandrasekhar
The Central government will soon launch an information technology server and IT hardware production linked incentive (PLI) scheme, and also offer additional incentives for manufacturers that incorporate Indian-designed intellectual property into their products, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday.
-
Microsoft CEO Satya Nadella Highlights Role of Developer Community, Indian Innovation in Transforming Lives
Microsoft CEO Satya Nadella on Thursday highlighted the crucial role of the developer community in creating products and solutions to transform organisations, stating that Indian innovation was transforming the lives of people around the world. Nadella, who is visiting India after three years, also met with Prime Minister Narendra Modi and External...
-
Microsoft, ISRO Partner to Support Space Technology Startups in India: All Details
Microsoft and the Indian Space Research Organisation (ISRO) on Thursday announced a new partnership to help support space technology startups in the country. As part of the new collaboration, space tech start-ups identified by ISRO will be onboarded onto the 'Microsoft for Start-ups Founders Hub platform', which supports start-ups at every stage of...
-
ISRO Supplies Rocket System to Private Launch Vehicle Agnibaan
The Indian Space Research Orgnisation (ISRO) has for the first time supplied a rocket system to support a private launch vehicle built in the country. Chennai-based space technology startup Agnikul Cosmos received its first flight termination system (FTS) on November 7 from ISRO.
-
Space Technology Startups' Ambitions Face Limits as VC Backers Turn to Safer Bets Amid Economic Turmoil
Space technology startups have seen a fall in venture capital investment, as investors evaluating their investment strategies and focussing on companies with viable products in the market. Investments have fallen as VC backers turn to safer bets due to the current economic turmoil caused by decades-high inflation, rapidly rising interest rates and ...
-
Indian Startups Will Soon Launch Space Satellites: Union Minister Jitendra Singh
The Indian startups would soon launch space satellites as well as satellite constellations and try their rockets, the Union Minister for Science and Technology Jitendra Singh said. He added that the space reforms have unleashed the innovative potentials of startups.
-
ISRO Looking to Design, Build New Reusable Rocket for Global Market, ISRO Chairman Says
The next Rocket that ISRO builds after the GSLV-MK3 could be a reusable rocket, said ISRO Chairman S Somanath. The space agency has been working on various technologies including the Inflatable Aerodynamic Decelerator (IAD). By combining the new technologies, the space agency would like to join hands with industry, startups and its commercial arm ...
-
Two Space Startups Authorised by IN-SPACe, Marks Beginning of Private Space Sector Launches in India
The Indian Space Promotion and Authorisation Centre (IN-SPACe) has started authorising Indian private firms, marking the beginning of private space sector launches in India.
-
Yamaha Motor's Shared Mobility Platform MBSI Forays Into 4-Wheeler EV Segment
Yamaha's Moto Business Service India (MBSI) has partnered with Bengaluru-based Malbork Technologies to foray into the 4-wheeler EV segment. MBSI provides services to tech startups that focus on the shared mobility space in the country.
-
2 Space Technology Startups Get Access To ISRO Facilities. What They Plan To Test
The Department of Space (DoS) has entered into a Framework MoU with aerospace startup Agnikul Cosmos for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of space launch vehicles.
-
Historic Boom For India Tech As Six Startups Become Unicorns In Four Days
It was an historic week for India's technology industry. In the space of four days, the country minted at least six new startups with a valuation of $1 billion or more.
-
Elon Musk's $100 Million Prize And How To Win It
Elon Musk, the world's richest man, is donating $100 million toward a prize for the "best carbon capture technology."
