Technology
AI-powered application integration platform UnifyApp raised $20 million from ICONIQ Growth

Nowadays, it looks like every company wants or already offers an AI services or products. It’s a extremely good time for startups constructing an AI product on this space, however it’s not without its challenges – the technology continues to be in its early stages, and while many firms are interested by trying out generative AI solutions, they’re slow to implement them.
There are many reasons, but crucial appears to be the fear of hallucinations of artificial intelligence. “You can’t use (AI) in manufacturing in large enterprises if it lies,” said Pavitar Singh, co-founder and CEO of UnifyApps.
Singh thinks his startup has solution for this: UnifyApps essentially connects an organization’s SaaS applications and data together and allows firms to construct and deploy their very own AI chatbots to speak with all their information. He says this approach minimizes AI hallucinations because UnifyApps agents can essentially confirm one another’s results against the corporate’s data.
UnifyApps is recent to an already crowded space – big firms like Workato and Zapier already offer similar “unification” services, as do tons of other startups. However, Singh believes his startup’s AI-centric approach gives it a bonus because it leverages the power to create AI chatbots. “Enterprises can create as many agents as they want: they can help with HR, sales, marketing, legal or finance,” he said.
Companies could also be hesitant to adopt generative AI, but UnifyApp has already attracted greater than 20 customers, including one among the world’s largest banks and a big telecommunications provider, Singh said.
Good traction is an important search for a young startup, and investors appear to agree on that. The company just raised a $20 million Series A funding round from ICONIQ Growth, lower than six months after UnifyApp closed a $11 million seed round.
Singh founded UnifyApps last yr after spending greater than 11 years as chief technology officer at Sprinklr, a customer experience management platform for global brands that went public in 2021.
ICONIQ Growth doesn’t have many early-stage startups in its portfolio, but on this case, the corporate knew Singh well. “Pavitar was a mad scientist, a genius who built all the amazing products for Sprinklr,” said Matt Jacobson, general partner at ICONIQ.
ICONIQ invested in Sprinklr’s Series D in 2014, and Jacobson spent a few years on the corporate’s board. He says he was so impressed with Singh and what he was doing at UnifyApp that he couldn’t pass up his investment within the startup.
“The stakes are much higher when it comes to AI applications,” Jacobson said.
UnifyApp has 150 employees across offices in Gurgaon, Dubai and New York.
As for why the corporate has such a big team, Singh said UnifyApp desires to ensure that its product is error-free so that giant enterprises can “safely adopt it.”
Technology
Microsoft Nadella sata chooses chatbots on the podcasts

While the general director of Microsoft, Satya Nadella, says that he likes podcasts, perhaps he didn’t take heed to them anymore.
That the treat is approaching at the end longer profile Bloomberg NadellaFocusing on the strategy of artificial intelligence Microsoft and its complicated relations with Opeli. To illustrate how much she uses Copilot’s AI assistant in her day by day life, Nadella said that as a substitute of listening to podcasts, she now sends transcription to Copilot, after which talks to Copilot with the content when driving to the office.
In addition, Nadella – who jokingly described her work as a “E -Mail driver” – said that it consists of a minimum of 10 custom agents developed in Copilot Studio to sum up E -Mailes and news, preparing for meetings and performing other tasks in the office.
It seems that AI is already transforming Microsoft in a more significant way, and programmers supposedly the most difficult hit in the company’s last dismissals, shortly after Nadella stated that the 30% of the company’s code was written by AI.
(Tagstotransate) microsoft
Technology
The planned Openai data center in Abu Dhabi would be greater than Monaco

Opeli is able to help in developing a surprising campus of the 5-gigawatt data center in Abu Dhabi, positioning the corporate because the fundamental tenant of anchor in what can grow to be considered one of the biggest AI infrastructure projects in the world, in accordance with the brand new Bloomberg report.
Apparently, the thing would include a tremendous 10 square miles and consumed power balancing five nuclear reactors, overshadowing the prevailing AI infrastructure announced by OpenAI or its competitors. (Opeli has not yet asked TechCrunch’s request for comment, but in order to be larger than Monaco in retrospect.)
The ZAA project, developed in cooperation with the G42-Konglomerate with headquarters in Abu Zabi- is an element of the ambitious Stargate OpenAI project, Joint Venture announced in January, where in January could see mass data centers around the globe supplied with the event of AI.
While the primary Stargate campus in the United States – already in Abilene in Texas – is to realize 1.2 gigawatts, this counterpart from the Middle East will be more than 4 times.
The project appears among the many wider AI between the USA and Zea, which were a few years old, and annoyed some legislators.
OpenAI reports from ZAA come from 2023 Partnership With G42, the pursuit of AI adoption in the Middle East. During the conversation earlier in Abu Dhabi, the final director of Opeli, Altman himself, praised Zea, saying: “He spoke about artificial intelligence Because it was cool before. “
As in the case of a big a part of the AI world, these relationships are … complicated. Established in 2018, G42 is chaired by Szejk Tahnoon Bin Zayed Al Nahyan, the national security advisor of ZAA and the younger brother of this country. His embrace by OpenAI raised concerns at the top of 2023 amongst American officials who were afraid that G42 could enable the Chinese government access advanced American technology.
These fears focused on “G42”Active relationships“With Blalisted entities, including Huawei and Beijing Genomics Institute, in addition to those related to people related to Chinese intelligence efforts.
After pressure from American legislators, CEO G42 told Bloomberg At the start of 2024, the corporate modified its strategy, saying: “All our Chinese investments that were previously collected. For this reason, of course, we no longer need any physical presence in China.”
Shortly afterwards, Microsoft – the fundamental shareholder of Opeli together with his own wider interests in the region – announced an investment of $ 1.5 billion in G42, and its president Brad Smith joined the board of G42.
(Tagstransate) Abu dhabi
Technology
Redpoint collects USD 650 million 3 years after the last large fund at an early stage

Redpoint Ventures, an organization based in San Francisco, which is a few quarter of a century, collected $ 650 million at an early stage, in keeping with A regulatory notification.
The latest RedPoint fund corresponds to the size of its previous fund, which was collected barely lower than three years ago. On the market where many enterprises reduce their capital allegations, this cohesion may indicate that limited partners are relatively satisfied with its results.
The company’s early stage strategy is managed by 4 managing partners: Alex Bard (pictured above), Satish Dharmraraj, Annie Kadavy and Eric Brescia, who joined the company in 2021 after he served as the operational director of Githuba for nearly three years.
The last outstanding investments of the RedPoint team at an early stage include AI Coding Pool Pool, which was founded by the former partner Redpoint and CTO GitHub Jason Warner, distributed laboratories of SQL database programmers and Platform Management Platform Platform Levelpath.
A multi -stage company also conducts a development strategy led by Logan Barlett, Jacob Effron, Elliot Geidt and Scott Raney partners. Last 12 months, Redpoint raised its fifth growth fund at USD 740 million, which is a small increase in the USD 725 million fund closed three years earlier.
The recent RedPoint outputs include the next insurance, which was sold for $ 2.6 billion in March, Tastemada Startup Media Travel -utar -Media was enriched by Wonder for $ 90 million, and the takeover of Hashicorp $ 6.4 billion by IBM.
Redpoint didn’t answer the request for comment.
(Tagstranslate) Early Stage Venture Capital (T) Basenside (T) Redpoint Venture Partners
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