Investments, News

Fundingwire: Airspace Information Provider for Drones AirMap Raises $15M, DTDC Invests $1M in Llama Logisol & More

DTDC Express Invests $1M in Gurgaon-based Logistics Company Llama Logisol

Gurgaon: DTDC Express, logistics firm, has invested $1 million in Gurgaon-based company Llama Logisol Pvt Ltd in exchange of 20% stakes. The company plans to use the funds to strengthen the core technology infrastructure and build on the solutions being offered. Llama Logisol owns and operates on-demand logistics service provider Shipsy. The partnership will also give a strong entry point for Shipsy to partner with other leading companies in the supply chain spectrum.

Food-tech Startup Petoo Raises $1M From Axilor Ventures

Bangalore: Food-tech startup Petoo has raised $1 million in a round from early stage VC firm Axilor Ventures. The company plans to utilise these funds to develop backend operations, speed up food research and strengthen team structure. The company, which started operations last year, now serves Indian dishes in around 20 locations in Bengaluru. It earned about Rs 45 lakh ($67,500) per month. Axilor Ventures was founded by former Infosys executives S D Sibulal and Kris Gopalakrishnan.

FundingAirspace Information Provider For Drones ‘AirMap’ Raises $15M

California: AirMap, startup that provides drone operators with airspace information, has raised $15 million in Series A led by General Catalyst Partners. The round also saw participation from Lux Capital (which led the company’s $2.6 million seed round), Social Capital, TenOneTen Ventures, Bullpen Capital and the Pritzker Group

Drone companies including 3DR and DJI are already using their services. The company also recently announced a collaboration with some of the U.S.’s largest airports that will allow drone fliers to share the real-time location of their flights with them.

Car Security Company Karamba Raises $3.5M in Seed Round

Tel Aviv: Vehicles nowadays can use internet through car door locks, music player etc, the hackers are closing in. Israel’s startup Karamba Security claims to know the cure to the incoming-disease.

Tel Aviv-based startup Karamba Security has raised $3.5 million in seed round. The funds will be used to bring cybersecurity solutions to the automotive industry. According to Karamba co-founder David Barzilai, the startup’s technology can head off hackers at the pass by “hardening” the controllers, or small computers, within a vehicle that are externally connected.

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