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Novigo reinvests 10-15% of its revenues in research, innovation and new capabilities: CCO Shihab Kalandar
Novigo reinvests 10-15% of its revenues in research, innovation and new capabilities: CCO Shihab Kalandar

The Hindu

time16 hours ago

  • Business
  • The Hindu

Novigo reinvests 10-15% of its revenues in research, innovation and new capabilities: CCO Shihab Kalandar

Reinvesting 10-15% of its revenues in research, innovation and new capabilities, Mangaluru-based Novigo Solutions Pvt., Ltd., is building autonomous AI agents that can execute end-to-end decisions across complex processes with minimal human oversight, said Shihab Kalandar, co-founder and chief commercial officer (CCO) of Novigo. Speaking at 'The Novigo Story' event organised by Vertex Managed Workspace here on July 18, Mr. Kalandar said, 'It's the future of enterprise operations, and we're proud to be leading from Mangaluru.' The company has been at the forefront of agentic automation and is a UiPath fast-track partner. He further said Novigo's identity is deeply intertwined with its birthplace. 'Mangaluru is close to our heart. We take pride in being recognised as a Mangalurean company, and 50% of our workforce is homegrown. We intend to maintain that standard.' Novigo managing director Praveen Kumar Kalbavi traced his journey from being an Infosys employee to returning to the tech world as an entrepreneur with three co-founders. Founded in 2011, Novigo has evolved into a global tech player with over 900 employees, five offices in India and over 130 clients in the USA, UK, UAE, Netherlands, Saudi Arabia and Singapore.

Spacely AI Secures US $1 Million Seed Round to Supercharge Generative AI Design for Architects Worldwide
Spacely AI Secures US $1 Million Seed Round to Supercharge Generative AI Design for Architects Worldwide

Miami Herald

time2 days ago

  • Business
  • Miami Herald

Spacely AI Secures US $1 Million Seed Round to Supercharge Generative AI Design for Architects Worldwide

BANGKOK, TH / ACCESS Newswire / July 21, 2025 / Spacely AI, the Bangkok-based startup bringing generative AI to architecture and interior design, has raised US $1 million in Seed funding led by PropTech Farm Fund III, with participation from Wannaporn Phornprapha (Managing Director, P Landscape Co., Ltd.), Ted Poshakrishna Thirapatana (Founder, UTC Holdings Co., Ltd.), and Mek Srunyu Stittri (former VP Engineering, GitLab). The round follows Spacely AI's pre-seed investment from SCB 10X. The new capital will accelerate product development and expand the company's footprint in key global markets. Spacely AI's mission is to help architects win more business, unlock greater creativity, and cut costs. Its cloud suite delivers AI rendering for interior and exterior spaces, intuitive image-editing tools, AI virtual staging, and automated 3D model generation. Fully integrated with SketchUp via Extension Warehouse, the platform is adding support for more leading CAD tools so professionals can work inside the software they already know. "Every architecture firm is rebuilding its workflow around AI," said Paruey Anadirekkul, CEO of Spacely AI. "Success now depends on how quickly you adapt - especially as clients are already experimenting with these tools." Seed proceeds will launch Spacely AI's next-generation 2D-to-3D automation engine, which removes up to 80 percent of manual concept work, establish a U.S. market presence, and equip global partners with sales and co-marketing resources. "Design speed now determines deal speed," noted Fredrik Bergman, CEO of PropTech Farm. "We at PropTech Farm believe Spacely AI's instant visualisation turns hesitant prospects into committed buyers long before the first brick is laid." Wannaporn Phornprapha, Managing Director of P Landscape Co., Ltd., added, "Design workflows can be painfully slow. Spacely AI shows how technology can save time and energy for the work that truly matters." Over the past year, Spacely AI has grown revenue 10×, served more than 1,500+ architecture and interior-design firms in 50+ countries, and produced over two million unique renders. The company has won 1st Place at the Krungsri Finno Efra Accelerator, People's Choice at Paddle AI Launchpad, 2nd Runner-Up at the SketchUp Innovation Challenge, 1st Place at the Property Portal Watch Conference, a Top-10 spot in Echelon Top 100 Southeast Asia, and 2nd Runner-Up at Tech in Asia Startup Arena. The Verge recently named Spacely AI one of the most-recommended AI tools for design professionals. Spacely AI invites architects, interior designers, and real estate professionals to integrate AI into their workflows and experience a new standard of speed and creativity. Start a free trial or book a live demo at Together, Spacely AI and its members will eliminate bottlenecks, spark bold ideas, and win projects faster. About Spacely AI Spacely AI is a SaaS company bringing generative AI to the Architecture, Engineering, and Construction industry. Spacely AI's mission is to empower design professionals to win more business, unleash greater creativity, and cut project costs. About PropTech FarmPropTech Farm is a venture capital firm investing in early-stage real estate technology companies across Asia-Pacific and Europe. Backed by an experienced team with a track record of successful exits, the firm focuses on startups transforming the built environment across the full lifecycle-from planning and construction to property management and energy optimization. PropTech Farm combines hands-on support with global networks to help founders scale innovative solutions in complex, high-growth markets. PropTech Farm Fund 3 is structured as a sub-fund of Florissant VCC and managed by Swiss-Asia Financial Services. SOURCE: Spacely AI Related Images press release

Solar Pakistan 2025 kicks off at Multan
Solar Pakistan 2025 kicks off at Multan

Business Recorder

time4 days ago

  • Business
  • Business Recorder

Solar Pakistan 2025 kicks off at Multan

MULTAN: Solar Pakistan 2025, Region's largest solar energy exhibition, opened at Railway Officers Club, Multan. Organised by Fakt Exhibitions (Pvt.) Ltd., the three-day event that will continue till July 20, brings together over 50 companies, industry experts, and policymakers to showcase the latest in solar and alternative energy technologies. The inauguration ceremony was graced by Muhammad Nadeem Qureshi, Member Provincial Assembly, Punjab, as the Chief Guest. In his remarks, he appreciated the efforts of Fakt Exhibitions and stressed the importance of switching to alternative energy. 'Pakistan is facing increasing energy demands and environmental challenges. Clean and sustainable energy is the way forward. Multan and South Punjab have great solar potential, and this exhibition is a step in the right direction,' he said. Saleem Khan Tanoli, CEO of Fakt Exhibitions, said: 'Solar Pakistan 2025 plays a vital role in Pakistan's clean energy journey. By organizing it in Multan, we're highlighting the solar potential of South Punjab. It's a platform where innovation meets action and paves the way for a greener future.' Copyright Business Recorder, 2025

Indices: Stock market update: Nifty IT index falls 0.46% in a weak market
Indices: Stock market update: Nifty IT index falls 0.46% in a weak market

Time of India

time5 days ago

  • Business
  • Time of India

Indices: Stock market update: Nifty IT index falls 0.46% in a weak market

India 10-year bond yield declined 0.40 per cent to 5.98 after trading in 5.98 -6.04 range. The Nifty IT index was trading 0.46 per cent down at 36968.1. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads NEW DELHI: The Nifty IT index traded negative around 10:47AM(IST)on Friday in a weak Ltd.(up 2.12 per cent) were among the top Ltd.(down 1.92 per cent), Tech Mahindra Ltd.(down 1.52 per cent), MphasiS Ltd.(down 1.41 per cent), Persistent Systems Ltd.(down 1.29 per cent) and Coforge Ltd.(down 1.12 per cent) were the top losers on the Nifty IT index was down 0.46 per cent at 36968.1 at the time of writing this NSE Nifty50 index was down 171.46 points at 24940.0, while the BSE Sensex was down 573.22 points at the 50 stocks in the Nifty index, 7 were trading in the green, while 43 were in the of JP Power, Vodafone Idea, RattanIndia Power, Alok Industries and PC Jeweller were among the most traded shares on the of Garuda Construction, Cupid Ltd, Soma Textiles, NACL Industries and Quality Power Electr hit their fresh 52-week highs in today's trade, while Elgi Rubber Co, Setco Automotive, HDB Financial Servic, Pansari Developers and Jindal Worldwide hit fresh 52-week lows in trade.

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