Indian edtech giant Byju’s raises $250 million in fresh funding
The new funding valued the Bengaluru-headquartered startup at $22 billion, the same figure at which it raised a financing round in March this year, a person familiar with the matter said.
The company, India’s most valuable startup, declined to comment on the valuation but said Qatar’s sovereign fund, Qatar Investment Authority, participated in the round. It did not identify other backers. Byju Raveendran, founder and chief executive of Byju’s, told TechCrunch in an earlier interview that the startup was engaging with existing sovereign funds to put together a new round.
In recent years, the term “Internet of Things” (IoT) has become one of the most popular in the tech world. It promised to connect billions of devices. The next stage was the Industrial Internet of Things (IIoT), which brought revolutionary changes to production processes. Today, a new term is coming onto the scene – AIoT (Artificial Intelligence of Things), combining the capabilities of the Internet of Things with the power of AI.
Sixty-eight IT executives from 15 countries, including Brazil, India, USA, Saudi Arabia, Turkey, Kazakhstan, and Indonesia participated in the project.
June 2024 was a very dynamic month for AI and data analytics market, marked by significant events, product launches, and industry insights.
Artem Kalivanov, CIO of Beeline Uzbekistan, discussed IT project management in terms of project definition, management models like Waterfall and Agile methodologies, and the importance of Lean in process management.