iSON Xperiences Welcomes New Global Chief Executive Officer
iSON Xperiences has appointed Vitul Kwatra as its new global CEO, beginning this month. Vitul Kwatra succeeds Pravin Kumar, who has been worldwide CEO since its inception in 2011. “After many years of dedicated service and unwavering commitment to our company’s growth and success since its inception, Pravin Kumar will
Read moreAlternative Energy in North American and EMEA Data Centers
Vertiv, a global provider of critical digital infrastructure and continuity solutions, and Ballard Power Systems, a market leader in PEM fuel cells, have formed a strategic technology partnership focused on backup power applications for data centers and critical infrastructures, scalable from 200 kW to multiple MWs. The collaboration aims to
Read moreParis-based VC Breega hits first close of $75M Africa fund to back pre-seed and seed startups
Paris-based VC firm Breega has observed Africa’s tech ecosystem mature over the years. From receiving less than a billion dollars in venture capital per year to a record-high $6 billion, there’s also been an increase in high-growth companies, from one unicorn to seven within the span of three years. Now
Read more“Chatbot Still Far from Widespread Usage: Under 10% Usage”
The debut of OpenAI’s ChatGPT represented a pivotal moment for the AI industry. Despite becoming the fastest-growing app in history, amassing 100 million users within two months, it was not enough to make artificial intelligence one of the biggest stories of 2023. While it attracted significant attention from venture capital
Read morePQShield secures $37M more for ‘quantum resistant’ cryptography
Malicious hacking is getting increasingly sophisticated, and that’s leading to a very clear trend in security technology. To keep people and organizations safe, security also has to continue advancing its own complexity. Security startup PQShield has gotten an early start on that concept with a focus on “post-quantum” cryptography: software
Read moreELO Digital Office a Gold Sponsor at #DFA 2024
In a few days’ time, July 4th, marks IT News Africa’s Digital Finance Summit, a historic occasion on the African financial sector’s calendar. The event dubbed DFA-Digital Finance Africa promises a host of takeaways regarding thought leadership in Africa’s Finance Sector for all those who will be attending. Industry leaders
Read moreHero wants to save the day for companies facing a working capital crunch
Hero, a new fintech startup based in Paris, is announcing an €11.3 million all-equity funding round led by Valar Ventures ($12.2 million at today’s exchange rate). For the past couple of years, the company has been quietly building an ambitious banking product for small companies that can essentially replace everything
Read more‘Lawyer-in-the-loop’ startup Wordsmith wants to bring AI paralegals to all employees
Wordsmith, a fledgling Scottish legal tech startup, has somehow managed to attract the backing of two well-known venture capital firms. The startup targets in-house legal teams and law firms with an AI platform that they can configure to help other workers in the company. This way, anyone in the company
Read moreKepler’s ellipse perimeter approximations
In 1609, Kepler remarked that the perimeter of an ellipse with semiaxes a and b could be approximated either as P1 ≈ 2π(ab)½ or P2 ≈ π(a + b). In other words, you can approximate the perimeter of an ellipse by the circumference of a circle of radius r where
Read moreGeneral Catalyst makes India push with Venture Highway merger
General Catalyst, a Silicon Valley venture capital group, is expanding its presence in India by joining forces with a local venture firm and earmarking more than $500 million for investments in the world’s most populous nation. The U.S. venture capital group is merging with Venture Highway, an India-based firm whose
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