Last mentioned: 10h ago
GenAI Pilot Completion
Successfully completed the pilot for image-based underwriting using MLLM technology.
NVIDIA Acquisition
NVIDIA officially acquires Illumex to bolster its AI data infrastructure.
APAC Expansion
Cardumen announces strengthened global reach through its Taipei-based partner following the exit.
Growth Recognition
Ranked by Time Magazine as one of India's top 30 fastest-growing companies.
Seed Investment
Cardumen Capital leads the seed funding round for Illumex.
Fund Launch
Cardumen Capital launches its 2019 vintage fund focusing on DeepTech.
AI Unit Formation
The company established its internal Data Science and Artificial Intelligence Unit.
Google Capital Investment
Aye Finance became the first NBFC to receive equity investment from Google Capital.
After a multi-year period of valuation compression, prominent software skeptics are identifying a generational buying opportunity in the SaaS sector. This shift marks a transition from growth-at-all-costs to a focus on durable cash flows and AI-driven efficiency gains.
Aye Finance has successfully piloted a Generative AI model that estimates business sales from store images, targeting the underserved micro-MSME sector in India. This Multimodal Large Language Model (MLLM) integration aims to lower the cost-to-serve and standardize credit assessments for businesses lacking formal financial records.
NVIDIA’s acquisition of data infrastructure startup Illumex marks a significant exit for Cardumen Capital, reinforcing the firm's 'Seed-to-Exit' thesis. The deal underscores the critical role of robust data layers in scaling generative AI and strengthens Cardumen's strategic bridge between Asian capital and global innovation hubs.