Olyv, a personal lending platform supported by Lightrock, has engaged Unitus Capital to help secure a new round of funding. Meanwhile, semiconductor design-focused generative AI startup Maieutic Semiconductors has reportedly raised $6 million in seed funding.
Olyv eyes funding
Olyv, a personal lending platform supported by Lightrock, has engaged Unitus Capital to help secure a new round of funding, Mint reported, quoting sources.
The fresh capital raise is expected to be in the range of $15-20 million (approximately Rs 160 crore), the report added.
Olyv (previously operating under the name SmartCoin), which broadened its co-lending operations last year, has tie-ups with several Reserve Bank of India-registered non-banking financial institutions, including Vivriti Capital, Poonawalla Fincorp, and Aditya Birla Capital Finance.
The company’s move to secure additional funding follows the Reserve Bank of India’s August decision to formally acknowledge personal and unsecured co-lending partnerships while simultaneously introducing stricter compliance norms for such arrangements.
Maieutic Semiconductors raises funding
Semiconductor design-focused generative AI startup Maieutic Semiconductors has raised $6 million in seed funding. The round was led by UTEC (University of Tokyo Edge Capital Partners), with participation from Indian venture firms Endiya Partners and Exfinity Venture Partners, Nikkei Asia reported.
Part of the corpus was raised in July.
Headquartered in Bengaluru, the startup uses AI to streamline chip design, aiming to cut development time, reduce design errors, and automate review processes for the semiconductor industry.
The fresh capital comes as Maieutic prepares to begin early customer trials of its generative AI-powered virtual assistant by March, ahead of a broader commercial launch later in the year, the Nikkei Asia report stated.
