Blockchain incubator Satoshi Studios invests in Curie Labs
Summary
Satoshi Studios, which was launched in December 2016, provides startups $50,000 in funding for an 8-15% equity stake as part of its incubation programme. Besides, it will offer a three-month intensive residency programme in New Delhi, where entrepreneurs can interact with founders of other blockchain startups and industry experts. “For the first 6-12 months, we will be focussing on getting good recurring revenue and then invest in bigger products using artificial intelligence and machine learning,” Saurabh Vij, co-founder of the startup, said. The firm’s platform uses a mix of Internet of Things (IoT) sensors, machine learning and analytics to provide users with real-time insights and actionable recommendations on their energy usage patterns. The firm is also looking to get universities, cold storages, and retail stores, which have centralised cooling and heating systems, on board as customers.