Startup news and updates: daily roundup (September 29, 2026)

Funding Rounds

▤ Summary

This roundup covers several funding and product updates across Indian startups and software companies. SiMa.ai raised $150 million in Series C funding to scale its physical AI software platform and related hardware roadmap. IBM and Yotta launched a sovereign agentic AI platform for Indian enterprises, while Melento partnered with Gnani AI to deliver voice-enabled agentic AI workflows for regulated industries. Pine Labs also extended its technology partnership with Woolworths to modernize gift card infrastructure and deepen API integrations.

$ Funding

$
Amount $12.0M Total raised
□
Date September 28, 2026 Announcement date
◎
Investors Dell, Baron Funds, StepStone Group, AllianceBernstein, WEH Ventures, Fidelity Labs Lead investors
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Company olaelectric.com Funded company

◇ AskAI Classifications

Sectors
Manufacturing Industry Automotive and Vehicle software
Functions
Developer and IT Infrastructure Internet of Things (IoT) Platforms Development Platforms

▦ Linked Companies

SiMa.ai
$10M to $25M