Eyewear retailer Lenskart has increased its stake in the parent company of augmented-reality startup AjnaLens to 9%, deepening its bet on AR and smart-eyewear technology as the company builds toward a public listing.
PwC India and PwC US have launched a joint venture combining PwC India's consulting business with PwC US's India-based acceleration centres, creating a roughly 40,000-employee platform led by PwC India chairperson Sanjeev Krishan, pending Competition Commission approval.
Bengaluru-based fashion-tech startup UniqYou has raised Rs 15.8 crore in a seed round led by Arkam Ventures and Antler, with angel investors including Tracxn's Abhishek Goyal and former Myntra CEO Nandita Sinha, to build an AI-led fashion discovery platform for women.
Roughly 153 million driver's-license scans have surfaced from a breached identity-verification vendor, reigniting global concern about the security practices of third-party services that businesses rely on to confirm customer identities.
Insurers and capital markets specialists are exploring catastrophe bonds and alternative risk-transfer instruments as AI data centers create concentrated physical and financial risk exposures that traditional insurance capacity struggles to absorb.
Graph AI has raised $13.3 million in a Series A round led by Insight Partners, with existing investor Bessemer Venture Partners also participating, to expand its AI software for pharmaceutical patient-safety case processing across the US and Europe.
Asian stocks and US equity-index futures retreated after major AI companies called for a slowdown in the technology's development, with the Nasdaq 100 falling over 1% and oil prices advancing amid persistent geopolitical tensions.
Regional payments provider PayTabs has agreed to acquire Amazon Payment Services' Middle East and North Africa business in a $100 million deal, consolidating its position within the region's rapidly expanding digital payments landscape.
California-based Piston has raised $15 million in a Series A round led by FPV Ventures, with Spark Capital and Pear VC also participating, to expand its cardless fuel payments network for US commercial vehicle fleets.
Chinese artificial intelligence company Z.ai announced plans to raise approximately $5 billion through a new share placement and convertible bond sale, its second major fundraising effort in two months, even as its shares tumbled on the announcement.