Polygon raises $450 million from Sequoia, SoftBank; HaystackAnalytics develops universal infectious disease test; SatSure raises $5 million

Polygon raises $450 million in fresh funding Polygon, a blockchain startup, has raised about $450 million through a private sale of its native MATIC token in a funding round led by Sequoia Capital India, with participation from SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital and prominent angel investors, the company said in a blogpost yesterday. SatSure raises $5 million from Baring PE SatSure, a startup working at the intersection of space-tech, Artificial Intelligence, and Software as a Service, has raised $5 million in Pre-Series A funding in a round led by Baring Private Equity India, joined by ADB Ventures. Other investors include Flowstate VC, Force Ventures, IndigoEdge Advisors, Toch.ai, Nishchay Goel and Saikiran Krishnamurthy. SatSure, which was founded in 2017 by Prateep Basu, Rashmit Singh Sukhmani, along with Abhishek Raju, will use the money to expand its footprint in Southeast Asia and accelerate its product development, which also includes launching its proprietary payloads to Low Earth Orbit. L&T and Microsoft team up to offer cloud services Larsen & Toubro and Microsoft India, yesterday announced the signing of a Memorandum of Understanding to develop a regulated-sector focused cloud service. In line with emerging regulations, L&T and Microsoft will co-engage with a defined set of large customers in regulated sectors to develop architectures and roadmaps to modernise their traditional data centres to potentially hybrid models and advance their digital transformation goals. FirstMeridian buys RLabs FirstMeridian Business Services has completed its acquisition of RLabs, an IT staffing and consulting firm with more than 1,200 technology professionals servicing customers in over 40 locations in India. This marks the sixth acquisition by the FirstMeridian Group since the founding of the Bangalore company in mid-2018. HaystackAnalytics releases universal infectious diseases test HaystackAnalytics, a Mumbai based health-tech startup, supported by the Department of Science & Technology, Govt of India, has developed a Universal Infectious Diseases test that deploys Next-Generation Sequencing technology to identify existing and emerging infections while providing information on drug resistance to support and identify correct treatment options for patients, the company said in a press release. Gold Setu raises $1.2 million Gold Setu, a mobile-first micro SaaS platform for jewellery retailers, has raised $1.2 million in seed funding led by Village Global, Better Capital, Titan Capital, iSeed and Anjali Bansal for Avaana Seed, the startup said in a press release. The company will use the money for its go-to-market initiatives and launch new products on its platform. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds