{"id":166861,"date":"2026-05-13T07:06:33","date_gmt":"2026-05-13T12:36:33","guid":{"rendered":"https:\/\/newslink360.space\/?p=166861"},"modified":"2026-05-13T07:06:33","modified_gmt":"2026-05-13T12:36:33","slug":"startup-news-and-updates-daily-roundup-may-13-2026","status":"publish","type":"post","link":"https:\/\/newslink360.space\/?p=166861","title":{"rendered":"Startup news and updates: Daily roundup (May 13, 2026)"},"content":{"rendered":"<p><\/p>\n<div style=\"position: relative;\">From a biotech startup using AI for drug discovery to funding news, <em>YourStory<\/em> brings you today\u2019s headlines and the latest developments across sectors.<\/p>\n<h2>Featured stories<\/h2>\n<h3>Meet LiteFold, a biotech startup using proprietary AI to speed up drug discovery<\/h3>\n<p>LiteFold is building a platform for computational biologists that will execute on any hypothesis they possess, something like an AI co-scientist, with the promise of significant speed in work. Given that drug discovery is a multi-disciplinary activity, this startup promises a new beginning.<\/p>\n<p><a class=\"link inline_link body_main_link\" href=\"https:\/\/yourstory.com\/2026\/05\/litefold-biotech-startup-using-proprietary-ai-speed-up-drug-discovery\" data-clickurl=\"https:\/\/yourstory.com\/2026\/05\/litefold-biotech-startup-using-proprietary-ai-speed-up-drug-discovery\" data-pageurl=\"https:\/\/yourstory.com\/2026\/05\/startup-news-and-updates-daily-roundup-may-13-2026\" data-tagposition=\"1\" data-position=\"1\" data-clicktext=\"Read more\" data-sectiontype=\"article body\" data-emailid=\"thimmaya@yourstory.com\" target=\"_blank\" rel=\"noopener\">Read more<\/a><\/p>\n<h2>Funding news<\/h2>\n<h3>Cybersecurity focused AI startup Exaforce raises $125 M in Series B funding round<\/h3>\n<p>Exaforce, a California-headquartered AI startup with focus on agentic security operations, has raised $125 million in a Series B round of funding. The investors were HarbourVest, Peak XV, Mayfield, Khosla Ventures, Seligman Ventures and AICONIC. <\/p>\n<p>Exaforce plans to use the funding to advance its core platform, including multi-model AI and real-time knowledge graph, and expand the capabilities security teams need to investigate, detect, and respond faster.<\/p>\n<p><a class=\"link inline_link body_main_link\" href=\"https:\/\/yourstory.com\/2026\/05\/cybersecurity-ai-startup-exaforce-raises-series-b-funding-round\" data-clickurl=\"https:\/\/yourstory.com\/2026\/05\/cybersecurity-ai-startup-exaforce-raises-series-b-funding-round\" data-pageurl=\"https:\/\/yourstory.com\/2026\/05\/startup-news-and-updates-daily-roundup-may-13-2026\" data-tagposition=\"2\" data-position=\"2\" data-clicktext=\"Read more\" data-sectiontype=\"article body\" data-emailid=\"thimmaya@yourstory.com\" target=\"_blank\" rel=\"noopener\">Read more<\/a><\/p>\n<h3>Wipro Consumer Care Ventures invests in pan-Asian food brand Moi Soi<\/h3>\n<p>Wipro Consumer Care Ventures, the venture investment arm of Wipro Consumer Care &amp; Lighting, has made an investment in Moi Soi, a pan-Asian F&amp;B (food and beverage) brand from Ceres Foods, for an undisclosed value. The investment round also saw participation from GVFL. <\/p>\n<p>Moi Soi will use the capital to deepen its distribution across modern trade and quick commerce, expand its portfolio with newer flavours, and build the brand. Established in 2021 by Deb Mukherjee, Moi Soi provides a range of products across 32 categories, such as sauces, chilli oils, noodles, rice papers, ready-to-eat curries, boba drinks and matcha powder in single-serve formats.<\/p>\n<p><a class=\"link inline_link body_main_link\" href=\"https:\/\/yourstory.com\/2026\/05\/wipro-consumer-care-ventures-invests-in-pan-asian-food-brand-moi-soi\" data-clickurl=\"https:\/\/yourstory.com\/2026\/05\/wipro-consumer-care-ventures-invests-in-pan-asian-food-brand-moi-soi\" data-pageurl=\"https:\/\/yourstory.com\/2026\/05\/startup-news-and-updates-daily-roundup-may-13-2026\" data-tagposition=\"3\" data-position=\"3\" data-clicktext=\"Read more\" data-sectiontype=\"article body\" data-emailid=\"thimmaya@yourstory.com\" target=\"_blank\" rel=\"noopener\">Read more<\/a><\/p>\n<h3>Nivasa Finance raises \u20b925 Cr seed funding<\/h3>\n<p>Nivasa Finance, a startup focused on expanding access to secured housing credit in non-metro India, has raised Rs 25 crore in seed funding from Prime Venture Partners, Blume Ventures, Whiteboard Capital, and angel investors. Founded by Samit Shetty and Hitesh Saraf, the company is building a technology-led distribution and fulfillment platform for affordable housing loans and loans against property.<\/p>\n<p>Nivasa works with banks, housing finance companies, and NBFCs to help underserved borrowers lacking formal income documentation access credit. Since launching in 2025, the startup has facilitated loans worth over Rs 20 crore in Karnataka\u2019s Mysuru and Mandya districts. <\/p>\n<p>The capital will support geographic expansion, strengthen field operations and deepen partnerships across India\u2019s secured lending ecosystem.<\/p>\n<h3>the EleFant raises $1 million in pre-series funding<\/h3>\n<p>Toy subscription and circular play platform the EleFant has raised $1 million in a pre-series funding round led by Growth Sense Venture Fund. The round also saw participation from JIIF, Arian Capital and several angel investors. <\/p>\n<p>Founded by Sourabh Jain and Srishti Jain, the startup operates a mobile app-based toy library where families can subscribe to curated toys and books from more than 90 premium brands. Customers can return toys after use and exchange them for new options, promoting affordability and sustainability. <\/p>\n<p>The company currently offers access to over 1,000 toys and books through its subscription platform. The funding will help the EleFant expand operations and strengthen its position within India\u2019s rapidly growing parenting and consumer products ecosystem.<\/p>\n<h3>CRAON secures pre-seed funding<\/h3>\n<p>AI-powered video editing startup CRAON has secured a pre-seed funding round from an undisclosed investor. The startup aims to simplify the video editing process for creators, agencies, and marketing teams by enabling prompt-based editing workflows that reduce manual intervention. Founded to address bottlenecks in content production, CRAON helps users process raw footage faster as demand for high-quality digital content continues to rise across platforms. <\/p>\n<p>The company plans to use the capital to accelerate product development, improve seamless editing capabilities, and expand user acquisition. The funding reflects growing investor confidence in India\u2019s creator economy and positions CRAON for its next funding round expected within the next few months.<\/p>\n<h2>Other news<\/h2>\n<h3>Raise Financial acquires GreenLife Insurance Broking<\/h3>\n<p>Raise Financial Services has acquired GreenLife Insurance Broking Private Limited in an all-cash and stock deal as part of its expansion into insurance distribution. Raise Financial, which operates platforms such as Dhan, Fuzz AI, Upsurge and Stratzy, plans to invest $15 million in GreenLife to build a consumer-focused insurance distribution platform. The acquisition enables Raise to broaden its financial services ecosystem beyond investing and wealth creation into financial protection products.<\/p>\n<p>Founded in 2013 by Subir Mukherjee, GreenLife Insurance Broking has partnerships with major insurance providers and operates across more than 50 cities and towns in eastern and northeastern India. <\/p>\n<h3>FinBox launches AI-native lending infrastructure suite Atlas<\/h3>\n<p>Credit infrastructure fintech FinBox has launched Atlas, an AI-native lending infrastructure suite designed to reduce loan processing timelines from weeks to just 24 hours. The platform uses AI agents to automate borrower onboarding, document validation, and operational decision-making across the credit lifecycle.<\/p>\n<p>According to the company, Atlas has achieved application completion rates of 85% in early deployments, while reducing credit turnaround times from nearly 21 days to a single day. The platform also lowers file send-backs and improves first-time-right rates for lenders. <\/p>\n<p>Atlas Flow supports conversational onboarding across WhatsApp, voice, video and relationship manager-assisted channels, enabling borrowers to seamlessly continue applications across different interfaces while helping financial institutions improve efficiency and profitability.<\/p>\n<h3>DronaHQ launches agentic AI platform for enterprises<\/h3>\n<p>DronaHQ has launched its agentic AI Platform, a no-code environment designed for enterprises to build, deploy and govern AI agents at scale. The platform enables organisations to create production-grade AI workflows with built-in tracing, guardrails, evaluation systems, and human-in-the-loop approvals. Enterprises can use the platform to connect AI agents with internal knowledge bases, databases, and business systems while leveraging over 5,000 readymade tools and skills.<\/p>\n<p>DronaHQ said the platform supports a wide range of enterprise applications, including document processing, record reconciliation, and retrieval-augmented generation workflows. The company aims to help enterprises move beyond AI prototypes and deploy scalable, auditable and cost-efficient automation systems across chat, voice and API-based interfaces.<\/p>\n<h3>Trilegal appoints Sandeep Ghosh as first CEO<\/h3>\n<p>Law firm Trilegal has appointed Sandeep Ghosh as its first Chief Executive Officer, marking a major leadership transition as the firm prepares for its next phase of growth. The appointment reflects Trilegal\u2019s efforts to strengthen its leadership structure amid evolving client expectations, growing technology adoption and increasing complexity in the legal services industry. <\/p>\n<p>While the firm will continue to be governed by its partnership, management committee, and board, Ghosh will focus on executing strategic priorities, strengthening coordination across offices and practices, enhancing client relationships, and driving innovation.<\/p>\n<p>Trilegal said the move aligns with broader global trends where legal services organisations are building future-ready operational structures to support scale, resilience, and long-term growth.<\/p>\n<h3>Agilent Technologies collaborates with Veeda Lifesciences<\/h3>\n<p>Agilent Technologies has announced a strategic collaboration with Veeda Lifesciences to strengthen analytical and bioanalytical workflows supporting biopharma development. The partnership will focus on enabling regulatory-ready analytical data for next-generation therapies, including GLP-1 drugs and other complex modalities.<\/p>\n<p>As part of the collaboration, the companies will establish a joint centre of excellence at Veeda\u2019s Bengaluru facility to develop and validate end-to-end analytical workflows. The centre will serve as a scalable hub for analytics and regulatory readiness, supporting clinical, early-stage development, and manufacturing processes. <\/p>\n<p>According to Agilent, the collaboration combines its expertise in analytical workflow development with Veeda\u2019s clinical research and regulatory capabilities to help biopharma firms meet rising global standards for sensitivity, throughput and data integrity.<\/p>\n<h3>Good Capital promotes Maanav Sagar to senior partner<\/h3>\n<p>Early-stage venture capital firm Good Capital has promoted Maanav Sagar to senior partner after six years with the company. Sagar joined the firm in 2020 and has worked closely with founders across the investment lifecycle, contributing to portfolio companies such as SolarSquare, Orange Health, Wealthy and SimSim, which was later acquired by Google. Good Capital said the promotion reflects Sagar\u2019s role in shaping the firm\u2019s investment strategy focused on trust-based and relationship-driven businesses in India.<\/p>\n<h3>Papa Johns India expands delivery through aggregator platforms<\/h3>\n<p>Papa Johns India has expanded its delivery network by launching on major food delivery platforms Swiggy and Zomato. The move marks a significant step in increasing accessibility following the brand\u2019s return to the Indian market in late 2025. <\/p>\n<p>Initially, operations were driven through the company\u2019s own app and in-house delivery systems. The company currently operates eight outlets in Bengaluru and plans to open 30 additional stores in the city during the current financial year. <\/p>\n<p>Papa Johns India said the integration of aggregator platforms with its backend systems will improve order visibility, speed up fulfilment, and enhance customer experience. The brand operates in India under the Ambrosia QSR platform, which is owned by Pulsar Capital.<\/p>\n<h3>Cygnet.One launches AI-powered material master governance platform<\/h3>\n<p>Cygnet.One has launched Cygnet Material Master Intelligence, an agentic AI-powered governance platform designed to help enterprises manage and standardise material master data across ERP systems. The platform addresses challenges such as duplicate material codes, inconsistent descriptions, pricing mismatches and HSN classification errors that affect procurement, inventory control and financial accuracy. <\/p>\n<p>The solution enables continuous monitoring, validation workflows, and structured oversight for enterprise data governance. It can identify exact and near-duplicate materials, highlight vendor pricing anomalies, and improve HSN classification accuracy across systems. <\/p>\n<p>Cygnet.One said the platform is aimed at helping organisations maintain cleaner ERP data environments while improving operational efficiency, GST readiness, and compliance across large-scale enterprise workflows.<\/p>\n<h3>DecisionX achieves global recognition in enterprise AI benchmark<\/h3>\n<p>Bengaluru-based Decision AI startup DecisionX has been ranked second globally on the Spider 2.0 Lite benchmark, a leading public benchmark for enterprise database reasoning. The company has achieved a score of 71.84, making it the only Indian firm in the global top 10 rankings. The benchmark evaluates advanced reasoning capabilities for enterprise databases and includes participants such as Tencent, Snowflake, Samsung SDS Research America, JetBrains and Tsinghua University.<\/p>\n<p>DecisionX said the achievement represents one of the highest rankings secured by an Indian enterprise AI company on a benchmark of this scale and complexity. The company builds AI-powered decision infrastructure solutions for strategy and analytics teams, focusing on enterprise-grade reasoning and decision intelligence capabilities.<\/p>\n<h3>Celonis to acquire Ikigai Labs; launches context model<\/h3>\n<p>Process intelligence company Celonis has announced a definitive agreement to acquire Ikigai Labs to strengthen enterprise AI decision-making capabilities. <\/p>\n<p>The acquisition will add planning, forecasting and simulation capabilities to the Celonis platform, helping organisations model future scenarios and prevent operational disruptions. The combined offering aims to enable enterprises to deploy more reliable and scalable AI systems for business operations.<\/p>\n<p>Celonis has also launched the Celonis Context Model, which creates a real-time digital twin of business operations, enabling AI systems to better understand workflows, dependencies, and operational data across enterprises. The company said the model addresses a major challenge in enterprise AI adoption by improving operational clarity and reducing blind spots that affect decision-making accuracy. <\/p>\n<h3><span style=\"color: initial;\">Proximal Cloud forms partnership with NxtGen<\/span><\/h3>\n<p>Proximal Cloud, a technology company focused on private AI infrastructure, has announced a strategic collaboration with NxtGen, a provider of cloud and data centre services, to enable secure, compliant, and scalable AI deployments within private and regulated environments.<\/p>\n<p>Through this partnership, NxtGen will support Proximal Cloud\u2019s enterprise AI platform. Proximal\u2019s flagship Enterprise Deep Research platform is designed to help organisations work with data sprawl across complex enterprise systems and build their intelligence layer for private data by enabling deployment readiness across government and regulated sectors, ensuring organisations can adopt advanced AI capabilities while adhering to evolving regulatory and security requirements. The collaboration is designed to help organisations address key challenges around compliance, data sovereignty, and operational control.<\/p>\n<\/div>\n<p><a href=\"https:\/\/yourstory.com\/2026\/05\/startup-news-and-updates-daily-roundup-may-13-2026\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From a biotech startup using AI for drug discovery to funding news, YourStory brings you today\u2019s headlines and the latest developments across sectors. Featured stories Meet LiteFold, a biotech startup using proprietary AI to speed up drug discovery LiteFold is building a platform for computational biologists that will execute on any hypothesis they possess, something&#8230;<\/p>\n","protected":false},"author":1,"featured_media":166862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[],"class_list":["post-166861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-startups"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/newslink360.space\/wp-content\/uploads\/2026\/05\/1778675794_DailyRoundupImages1600x900-1774005165949-scaled.jpg","jetpack_likes_enabled":true,"jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pgnRh4-Hpj","_links":{"self":[{"href":"https:\/\/newslink360.space\/index.php?rest_route=\/wp\/v2\/posts\/166861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newslink360.space\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newslink360.space\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newslink360.space\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newslink360.space\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=166861"}],"version-history":[{"count":0,"href":"https:\/\/newslink360.space\/index.php?rest_route=\/wp\/v2\/posts\/166861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newslink360.space\/index.php?rest_route=\/wp\/v2\/media\/166862"}],"wp:attachment":[{"href":"https:\/\/newslink360.space\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=166861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newslink360.space\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=166861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newslink360.space\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=166861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}