What’s New Today: Bengaluru-based Sensesemi has raised Rs. 25 crore to build low-power edge AI chips for smarter devices.
Fast-Track Insights: Legal AI startup Ivo secured $55 million in Series B funding, valuing the company at around $355 million.
Here’s a quick rundown of the biggest tech headlines making waves today. Let’s dive into the day’s top tech stories, from AI chip innovation to major funding moves in legal tech.
Bengaluru-based fabless semiconductor startup Sensesemi Technologies has raised Rs. 25 crore in seed funding led by Piper Serica with several other investors supporting the round. The company will use the money to build small edge-AI chips that can run smart tasks locally on devices. These chips aim to make sensors and gadgets work faster and use less power.
Legal AI company Ivo raised $55 million in a Series B funding round led by Blackbird to grow its legal software and hire more staff. The investment values the startup at about $355 million. Ivo’s tool helps firms quickly review contracts and understand risks. Its income has grown much since the last round and it plans to expand its team by 2026.
Tech companies are offering much higher salaries to new graduates who know skills like artificial intelligence, cloud computing, data and cybersecurity. These jobs can pay from about Rs. 16 lakh to Rs. 55 lakh a year, which is far more than normal starter pay. Firms are hiring fewer people overall but want those with these special skills more.
This article explains how artificial intelligence is changing the energy business by making companies smarter and more efficient. It lists energy stocks that use AI tools to improve grids, storage and power systems and says these may be good to buy and keep long-term. Companies like NextEra Energy, Enphase Energy and Tesla are highlighted for steady growth with AI advantages.
Ripple’s president, Monica Long, says that by the end of 2026 about 50% of the Fortune 500 companies will hold or use cryptocurrency and blockchain tools on their balance sheets. She believes digital assets will become very common in big business, with stablecoins and crypto custody growing fast. Long also expects over $1 trillion in digital assets held globally.