Digital Startup news roundup – Week ending 7th May

Incubators, accelerators grow 40% in 2016, aiding start-up landscape: Nasscom – Incubators and accelerators continue to play an important role in the growth of the Indian start-up ecosystem. The number of incubators and accelerators have grown by 40%,with more than 40 new ones added in 2016, according to a new report by Nasscom, titled ‘Incubators/Accelerators (I/As) Driving the Growth of Indian Start-up Ecosystem–2017’, which throws light on the critical role of I/As in the start-up landscape.
A new report by Nasscom throws light on the critical role of incubators and accelerators in the start-up landscape

Payment Startup Airwallex Raises $13 million in Series A Funding Round – Airwallex platform enables businesses to issue and pay invoices in their preferred currency.

If AWS were a startup, it would be the biggest unicorn in the world:  Werner Vogels said India is important for the company’s plans to dominate the business of cloud computing globally. Amazon Web Services (AWS), the cloud compu ting business of US-headquartered ecommerce company Amazon, saw a 60% jump in customers in India over the past nine months, chief technology officer Werner Vogels told ET’s Megha Mandavia in an exclusive interview.He said India is important for the company’s plans to dominate the business of cloud computing globally.

Israeli Hotel Tech Startup Fornova Secures $17 Million in New Funding – Fornova, a startup providing technology to help hotel managers drive more direct bookings, has raised $17 million in a series B round. Deutsche Telekom Capital Partners led the investment. Waypoint Capital and previous investor JAL Ventures also participated in the round. Fornova previously raised at least $2.5 million.

UK Adtech startup PubGuard grabs funding – UK-based advertising tech startup PubGuard has secured an undisclosed amount of funding. The investor was Mercia Fund Management. PubGuard, a mobile-first digital ad verification and malware detection tool for publishers, is set for growth following investment from Mercia Fund Management. Founded in 2015, PubGuard has quickly established itself as a leading solution for the largest global digital publishers, helping them to improve ad quality and user experience. With Mercia’s investment, PubGuard aims to continue growing its client base while expanding into the US to provide greater support for its clients across the Atlantic.

BuddyHub: The business keeping older people connected – What problem are you trying to solve? Friendship is one of the most important things for many of us, yet our circle of friends may significantly diminish over the years and eventually lead us to experience loneliness and isolation. For older people this can be very detrimental to their physical and mental health. BuddyHub provides a way out of this situation by creating new friendships and new social circles for seniors. Our approach is so flexible even busy people can volunteer to be a Buddy and seniors who aren’t digitally literate can be onboarded completely offline.

Here’s how startup Voyage built its first autonomous Ford Fusion – Voyage, a spinoff of online education startup Udacity, wants to build self-driving taxis using mass-production vehicles. Instead of churning through money developing a car from the ground up, Voyage wants to retrofit cars that are already on sale. Its first, Homer, is a Ford Fusion outfitted with two wide-angle cameras, four other cameras, multiple radar emitters and lidar — and all the supporting hardware required to make it work.

Colorado Springs database startup wins Get in the Ring competition – Tejon Technologies Inc., a Colorado Springs startup that helps business owners and managers more easily create databases, won the first “Get in the Ring” competition Tuesday at the University of Colorado at Colorado Springs and will travel to Singapore in two weeks to take part in the global contest. The company, which goes by the name Tejon Tech, edged out a San Diego company called Shop Immigration Inc., which helps connect immigrants with immigration attorneys and finished second among the 10 startups that faced off in a boxing ring before a crowd of about 50 people that voted on which startup made the best pitch. Michael Larson, a UCCS professor who organized the event hosted by the school’s El Pomar Institute for Innovation and Commercialization, called the quality of the pitches “outstanding. Top-to-bottom we had good candidates.”

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