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PTI new delhi India
Updated: 05-12-2018 18:36 IST

Facilio on Wednesday announced it has raised funding of USD 6.4 million (about Rs 45 crore) led by international venture capitalists Tiger Global Management and existing investor Accel.

Facilio, which describes itself as a facilities management tech start-up offering unified IoT (internet of things) and AI (artificial intelligence) driven facilities optimisation software, said it will use the funds to further consolidate and strengthen presence across Middle East, the US, and Indian markets, and expand into new territories, according to a statement.

Founded in 2017 by cloud and IoT veterans Prabhu Ramachandran, Rajavel Subramanian, Yogendra Babu and Krishnamoorthi Rangasamy, Facilio provides real-time facilities management to commercial real estate owners. It extensively uses IoT and AI to predictively optimise operations and sustainability, the statement added.

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Vivo launches Y95 smartphone in India for Rs 16,990

* Lucknow: Chinese smartphone major Vivo Wednesday launched Y95 device in Uttar Pradesh.

The smartphone is available in two colours and priced at Rs 16,990, Vivo India, Director-Brand strategy Nipun Marya told reporters here.

"We are sure people of Uttar Pradesh will give positive response to Y95, which is having 20 MP front camera and 4030 mAh battery and new Qualcomm snapdragon 439 octa-core processor," he said.

Vivo aims to further expand its market presence in UP to over 5,400 plus retail outlets and over 67 service centres, he said adding that UP market contributes almost 5.6 per cent of Vivo India.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)