Ahmedabad-based robotic startup, Ishitva has raised a Pre-Series A round of over US$ one million led by Inflection Point Ventures. The funds raised will be utilised in growing sales and expanding the R&D team. Ishitva uses AI, ML, IoT Industry 4.0 to build efficient solutions which help in sorting complex waste. Effective sorting of waste is currently the weakest link in creating a circular value chain. Therefore, to avoid dumping and burning of dry waste, which leads to serious environmental hazards, the company focuses on leveraging industry 4.0 tools to systematically sort out waste and assess the quality of recyclable waste.

Artificial intelligence startup Racetrack.ai said it has secured $5million from a group of high net-worth individuals in a funding round that has valued it at $21 million. "With the fresh capital, we are now looking forward to announce our next overseas operation base in the USA, Mauritius and Singapore," Subrat Parida, founder of Bengaluru-based Racetrack.ai, "We further plan to raise our Series A by the end of this year." The 50-member startup, founded in 2015, offers two flagship products --a chatbot for sales and support, and a business accelerator that helps in better business planning and execution. "This move will help us delve into newer business verticals like retail, banking and healthcare. This boost in our physical presence will open new doors for us to partner with intercontinental brands and decision-makers while helping us to create global footprint in the AI industry," Parida said in a statement.