Live
- GMR Airports Unveils AI-Powered Digital Twin Platform to Transform Airport Operations
- India poised to become leading maritime player: PM Modi
- Top Causes of Kidney Stones and How to Recognize Silent Symptoms
- India’s renewable energy capacity logs 14.2 pc growth at 213.7 GW
- Winter Session of Odisha Assembly adjourned sine die
- Biden calls Trump's tariff approach 'major mistake'
- After Drama Over Eknath Shinde’s Chief Minister Race, Maharashtra Cabinet Formation Faces New Tensions
- Egyptian FM, Blinken discuss recent developments in Syria
- Iran's supreme leader says Syria's developments result of US-Israeli 'plot'
- Elon Musk to Purchase $100 Million Luxury Mansion Next to Donald Trump's Mar-a-Lago, Report Reveals
Local language technology platform VerSe Innovation raises another USD 100 million
Local language tech platform VerSe Innovation raises another USD 100 million
VerSe Innovation, a leading local language technology platform in India, on Monday announced it has raised another USD 100 million-plus in a Series H funding round led Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and Glade Brook Capital Partners. Canaan Valley Capital and existing investor Sofina Group also participated in this round, it said in a statement
Bengaluru: VerSe Innovation, a leading local language technology platform in India, on Monday announced it has raised another USD 100 million-plus in a Series H funding round led Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and Glade Brook Capital Partners. Canaan Valley Capital and existing investor Sofina Group also participated in this round, it said in a statement.
The investment follows close on the heels of a USD 100 million-plus fund raise from Google, Microsoft and AlphaWave in December last year.
VerSe Innovation plans to deploy this capital steadily in the continued scaling up of 'made-in-Bharat-for-Bharat-by- Bharat-in-12-Bhartiya-languages-hosted-in-Bharat' short video platform 'Josh'.
"This will include the augmentation of local language content offerings, the development of its content creator ecosystem, innovation in AI and ML and more importantly, creation of opportunity for Indias vast talent pool", the statement said.# Currently, Josh is the fastest growing and most engaged short-video app in India with over 85 million MAUs (Monthly Active Users), 40 million DAUs (Daily Active Users) and 1.5 billion video plays per day, it said.
VerSe Innovations proprietary technology platform also powers various technology solutions including 300 million-plus users on 'Dailyhunt' to consume content in their local language, the statement added.
