Startoon Labs first from WE Hub to raise equity funding

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The startup is into product development, designing and developing industrial-grade IoT products and smart electronics systems from the fields of embedded systems and robotics.

Hyderabad :

Hyderabad based early-stage startup, Startoon Labs has become the first startup incubated at the WE Hub, incubator of Telangana government for women entrepreneurs, to raise first round of equity funding.

The startup is into product development, designing and developing industrial-grade IoT products and smart electronics systems from the fields of embedded systems and robotics.The money raised through equity funding will be used by Startoon Labs to build their product – Pheezee, a smart physiotherapy toolkit. The device is designed to monitor and report on patient rehabilitation and recovery by tracking their mobility and muscle strength.

The startup is led by Mythreyi Kondapi alumnus of IIM Ahmedabad and her husband Susurla VS Suresh, alumnus of IIM Kolkata, was established in November 2017. Kondapi is part of the first cohort of 26 women-led startups selected for incubation at WE Hub.

“My team and I are really excited that a hardware product company from Hyderabad is the first of the WE Hub startups to raise equity funding. We are working towards building on Startoon Labs’ momentum by creating a robust, outcome-oriented roadmap for growth”, said Deepthi Ravula, CEO of WE Hub.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by Express News Service / November 04th, 2018

Indian student’s algorithm helps in leading driver directly to empty parking spot

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Sai Nikhil Reddy Mettupally at The University of Alabama in Huntsville has also won second prize at the 2018 Science and Technology Open House competition

An Indian student in the U.S. has created a space-detecting algorithm that can help tackle the problem of finding a parking spot by using big data analytics and save a person’s time and money.

Sai Nikhil Reddy Mettupally, a student at The University of Alabama in Huntsville, has also won second prize at the 2018 Science and Technology Open House competition for his creation.

According to a university presser, Mr. Sai’s creation relies on big data analytics and deep-learning techniques to lead drivers directly to an empty parking spot.

Big data analytics is a complex process of examining large and varied data sets to uncover information including hidden patterns, unknown correlations, market trends and customer preferences.

Mr. Sai conceived the idea shortly after the university transitioned to zone parking last fall.

“Finding a parking spot as soon as a person enters the parking lot is essential.”

What he needed was to find a way to identify empty spaces and then direct the driver to the location. But unlike other parking apps in the market, he wanted to develop one that didn’t rely on the purchase, installation, and maintenance of expensive in-ground sensors.

To help put his plan in action, Mr. Sai turned to Vineetha Menon, an Assistant Professor of Computer Science.

As the director of UAH’s Big Data Analytics Lab, Mr. Menon also had access to the high-performance computing power that Mr. Sai needed to create and train his machine-learning model, which relies on a robust parking-lot data set provided by the Federal University of Parana in Brazil.

Mr. Sai, who graduated in electronics and communications engineering from the Birla Institute of Technology and Science in Pilani, hopes to develop a parking-support mobile app—dubbed InstaPark—that can display the real-time grid layout of empty and occupied parking spots using the phone’s GPS.

source: http://www.thehindu.com / The Hindu / Home> Sci-Tech> Technology / by PTI / Houston – October 31st, 2018