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Avnet empowers the Artificial Intelligence ecosystem with its partners

Leading global technology distributor and solutions provider Avnet Asia will host the "Avnet AI Cloud Exhibition", showcasing innovative technology, applications and solutions in artificial intelligence (AI) and machine learning together with its suppliers and partners. With the ability to quickly design, develop and deploy solutions, ...

Fulcrum Digital plans to hire over 750 digital technology specialists in 2021

Fulcrum Digital, a leading business platform and digital engineering company, has announced its plans to hire over 750 digital technology specialists this year, a 100% increase in hiring from last year. These will be lateral positions varying from program managers, technical architects, data engineers to full-stack developers. ...

Nucleus Software experiences a ransomware demand after a breach on its servers

Nucleus Software Exports has received a ransomware demand after a breach on its servers, and it has initiated steps to address the issue. The company counts a number of banks and financial institutions among its customers. It has also emphasised that since no financial data of any customer is available/stored with the company, there was no leak or loss of client data. ...

InMobi in talks to buy Shop101: Reports

As per news source, InMobi is in discussion to buy Shop101- the social commerce firm. ...

Exabeam receives $200 Mn in Series F growth round

The security analytics and automation company - Exabeam announced a $200 million Series F growth round at a valuation of $2.4 billion. The round is led by the Owl Rock division of Blue Owl Capital and supported by existing investors Acrew Capital, Lightspeed Venture Partners and Norwest Venture Partners....

Hacker demand Rs 2.19 crore for release of confidential data

According to Mumbai Police an electronic surveillance start-up recently fell victim to an alleged ransomware attack. The company’s confidential surveillance data, which was in their computer system, had been hacked and encrypted, and that the hackers were demanding Rs 2.19 crore for its release. The hackers had also threatened to sell the data on the black market if the company did not pay up....

Almentor bags $6.5 Mn fund, round led by Partech

The video e-learning platform, Almentor has raised $6.5 million in a funding round led by Partech with participation from Sawari Ventures, Egypt Ventures, and Sango Capital. The company has raised $14.5 million since inception. ...

WhatsApp chairs Paresh B Lal as Grievance Officer for India

Whatsapp has appointed Paresh B Lal to the position of grievance officer for India on its website. This development happened after the new IT rules came into effect last week. As per the new rule, social media platforms with other 50 lakh users need to appoint a grievance officer, nodal officer and a chief compliance officer. These personnel are required to be resident in India. ...

AI based Supercomputer to help build largest-ever 3D map of the universe

It has been reported that the National Energy Research Scientific Computing Center has officially dedicated Perlmutter, billed as one of the fastest supercomputers for AI, and it will start by helping to build the largest-ever 3D map of the visible universe to study the dark energy accelerating the cosmos' expansion. ...

Microsoft warns of 'sophisticated' Russian email attack

Microsoft has now warned against an ongoing "sophisticated" attack from Russia-based threat actors targeting government agencies, think tanks, consultants, NGOs and its customers across the globe. The latest attack by the group named 'Nobelium' has targeted around 3,000 email accounts across 150 organisations. ...