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Yourstory
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What’s next in the evolving narrative of talent development?
- Finding the right tech talent is challenging in the current market.
- COVID-19 has transformed the way we work, emphasizing the need for future-ready skills and continuous learning.
- Remote work and AI integration have reshaped the workforce landscape.
- Assessing tech talent now focuses on skill relevance, resource readiness, creativity, and effective tool application.
- Creating a culture of continuous learning and offering holistic experiences are crucial for talent retention.
- Decentralizing talent and tapping into emerging talent hubs in Tier II and III cities is essential.
- Adaptability, continuous learning, and proactive talent management are key to shaping the workforce of tomorrow.
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TechRound
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10 Startups To Watch in Abu Dhabi, UAE
- Abu Dhabi, the capital city of the UAE, has been ranked the fastest growing startup ecosystem in MENA.
- Here are 10 startups in Abu Dhabi worth watching:
- 1. HydroArtPod: Indoor Plant Pods
- 2. Grams: Personalised Meal Plans
- 3. Famunera: B2B Agro Marketplace
- 4. Lamsa: Educational Content For Children
- 5. MindTales: Mental Health Support Platform
- 6. TruKKer: Digital Freight Platform
- 7. DarDoc: On Demand Healthcare
- 8. NymCard: Online Payment Solutions
- 9. Addenda: Motor Insurance And Vehicle Repair
- 10. Pure Harvest Smart Farms: Tech-Driven Agriculture
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Yourstory
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eBikeGo’s unit acquires 40% stake in Varcas Automobiles
- eBikeGo's subsidiary, Vajram Electric Ltd, has acquired a 40% stake in Varcas Automobiles, an electric vehicle manufacturer.
- The acquisition aims to enhance production capabilities and meet the rising demand for electric two-wheelers in India.
- Vajram Electric plans to leverage Varcas' manufacturing expertise to address the demand for EVs in Tier II and Tier III cities.
- This acquisition is part of eBikeGo's strategy to expand its presence in the electric vehicle market through partnerships and acquisitions.
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Eu-Startups
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Unleash the power of AI: 10 tools to skyrocket your business
- Artificial Intelligence (AI) has been a part of our world for a long time, though it often went by different names or was an emerging concept not yet fully understood.
- In this article, we’ll explore 10 powerful AI-driven tools that can help your business achieve its goals faster and more efficiently.
- AdCreative.ai helps businesses swiftly produce high-conversion ad creatives such as banners, videos, and product shoots.
- ElevenLabsis an AI audio platform that specializes in creating realistic speech through text-to-speech, voice cloning, and dubbing technologies.
- Hire Logic is an AI-powered platform designed to improve hiring decisions by listening to transcribing and analyzing interviews - whether remote or in-person.
- MeetGeek automates meeting recordings, transcriptions, and AI-generated summaries, improving productivity and team collaboration.
- SaneBox helps users regain control of their inbox by filtering important emails, eliminating distractions, and boosting productivity.
- Refresh.me helps individuals and families manage their finances by consolidating bank accounts, transactions, investments, and credit scores in one place.
- Respond.io helps businesses capture leads, automate chats, and convert conversations into sales across multiple channels.
- Success.ai enables businesses to scale their lead generation and outreach efforts with AI-powered cold email campaigns.
- VoiceSpin enhances business communication by providing AI-driven contact center solutions that integrate with CRM systems.
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AllTopStartups
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Tackling the Scale-up Gap: How can Europe Back its Tech Champions?
- Europe is not producing many global tech giants compared to the US despite having a strong startup ecosystem.
- Europe has created more high-tech startups than the US, but the EU is not achieving similar levels of success.
- Study highlights the barriers preventing European startups from scaling up and describes how to overcome the obstacles.
- Scaleups are entrepreneurial ventures that have reached product-market fit and are now focused on exponential growth.
- Europe's relatively lower R&D spending and limited access to capital make scaling up more challenging than in the US.
- Strategies to revive Europe's tech ecosystem and usher in an era of innovation include active participation of pension funds, bolstering innovation hubs and incubators, and reducing barriers to cross-border integration.
- Europe needs to learn from Silicon Valley's success in venture capital and technology scale-ups to drive innovation.
- Without significant investment in innovation, it may be some time before Europe produces a global tech giant.
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Yourstory
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Startup news and updates: daily roundup (October 10, 2024)
- Data engineering startup Datazip raises $1 million in seed funding in a round led by Equirus InnovateX Fund.
- Game development studio SuperGaming launches the Indus International Tournament with a prize pool of Rs 2.5 crore.
- Piramal Payment Services receives RBI approval to set up and operate its prepaid payment instrument service.
- Datazip plans to grow tenfold in the next year and has achieved product-market-fit with 15 onboarded clients.
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Eu-Startups
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EU-Startups Podcast | Episode 90: Sander van de Rijdt, Co-founder and CEO of PlanRadar
- PlanRadar, a leading player in the construction and real estate project management software industry, is growing rapidly with approximately 500 team members and over €100 million in funding.
- PlanRadar focuses on digitizing construction and real estate projects and has developed innovative technologies like AI-driven drone 360-degree capturing and PlanRadar SiteView.
- CEO Sander van de Rijdt highlights the importance of scalable and evolving products, retaining top talent, and the challenges of global market expansion.
- Acquiring customers through outbound sales and direct communication is crucial, but retaining customers relies on delivering real value through the product.
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UX Design
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Is your company productwashing?
- The tech industry struggles with effective product management
- PMs face high firing rates as companies eliminate PM roles
- Despite the awareness, companies still face the same product management challenges
- Clear and actionable definition of product management is needed
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VIE Stories
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[Funding News] Economy Process Solutions Secures $12 Mn Series A Funding
- Economy Process Solutions has secured $12 million in a Series A funding round led by Stakeboat Capital Fund II.
- The funding will be used to expand the company's global reach, accelerate growth, diversify its product portfolio, and enter new markets.
- Economy Process Solutions specializes in the design and supply of process equipment and vacuum systems.
- In the next four to five years, the company aims to expand both domestically and internationally.
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Yourstory
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Non-compliance with best before dates rises among ecommerce, quick commerce platforms: Report
- About six in 10 customers availing services from quick commerce and ecommerce platforms have reported non-compliance with displaying best before dates and shipping products close to expiry dates.
- Platforms such as Meesho, Blinkit, Swiggy Instamart, Zepto, Lenskart, JioMart, Myglamm, Snapdeal, and Decathalon are among the non-compliant companies.
- The concern has been escalated to the Department of Legal Metrology and Central Consumer Protection Authority for enforcement action.
- Companies like Tata Neu, Flipkart, Myntra, AJIO, and BigBasket are fully compliant in displaying the best before date, while others such as BigBasket Now, Amazon, Amazon Fresh, and MilkBasket are partially compliant.
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StartupDaily
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Marketing analytics startup’s valuation jumps 60% in a year with $17.5 million raise
- Sydney martech startup Mutinex has raised $17.5 million, doubling its valuation to $132.5 million in just 12 months.
- The funding will be used for expanding in the US market.
- Mutinex offers a marketing analytics platform that allows users to analyze and optimize marketing expenditure in real-time.
- The company has a strong customer base, including Samsung Australia, Asahi Oceania, and ING.
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Eu-Startups
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Prague-based FaceUp raises €2.7 million to foster speak-up culture and scale HR platform globally
- Prague-based FaceUp has raised €2.7 million in a late seed round led by Reflex Capital, with participation from Tilia Impact Ventures and Lighthouse Ventures.
- The funds will support the international expansion of FaceUp and the development of new features such as an AI assistant and anonymous reporting solutions for meetings and surveys.
- The encrypted platform allows employees to anonymously report issues such as harassment and corruption, fostering a speak-up culture within organizations.
- FaceUp currently serves over 1,500 corporate and 2,000 education sector clients across 60-plus countries and aims to improve employee wellbeing and productivity.
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Inc42
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Delhivery Expands ESOP Pool With Allotment Of 8.6 Lakh Equity Shares
- Delhivery has announced the allotment of 8.6 lakh equity shares under its employee stock option plans.
- The allotment consists of 1,21,545 shares under ESOP 2012, 3,50,000 shares under ESOP II 2020, and 3,92,100 shares under ESOP III 2020.
- The total value of the new allotted shares is approximately INR 35.8 crore.
- With this allotment, Delhivery's paid-up share capital has increased to INR 74,09,01,946.
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TechCrunch
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MiLaboratories gets $10M for a platform play to accelerate genomic research
- MiLaboratories has raised $10m in a recent series A funding round led by Spanish investment company Kfund. The company has spent the last four years developing a computational biology platform to help scientists, particularly bioinformaticians, process, analyse and aggregate genomic data. Its SDK, Platforma.bio, has been in beta testing, with about 300 labs using it and 20 apps so far developed. The platform aims to free up bioinformaticians who spend much of their time processing NGS data to focus on more complex tasks with greater potential for cutting-edge science. Many big pharma companies, including Moderna, are already customers.
- MiLaboratories’ platform is aimed at scientists whose skillsets span biology, computer science and maths, and incorporates features such as data visualisation and generative AI, as well as a marketplace for other researchers to distribute more specialised computation tools in the form of apps. Most bioinformatics tools are either commercially focused or have been developed within academia, where utility tends to be prioritised over usability. MiLaboratories hopes its platform will offer both.
- MiLaboratories’ platform is designed to be a marketplace for other scientists who want to distribute more specialised computation tools in the form of apps to the genomic research community. Its platform is built around data visualisation and generative AI, and is designed to help scientists process, analyse and aggregate genomic data. The platform is also designed to make it easier for bioinformaticians to use their skills to build algorithms that might help advance cutting-edge science. MiLaboratories’ Series A is led by Madrid-based Kfund, with participation from Acrobator Ventures, EGB Capital, Courtyard Ventures, Somersault Ventures, Speedinvest and Ten13.
- MiLaboratories’ computational biology platform is designed to help bioinformaticians more easily process, analyse and aggregate genomic data. The platform will also offer a marketplace for other scientists to distribute more specialised computation tools in the form of apps to expand its use. MiLaboratories hopes that in freeing bioinformaticians from processing NGS data, they can use their skills to advance cutting-edge science through the development of more complex tasks, such as building algorithms.
- MiLaboratories, a San Francisco-based start-up, has raised $10m through a recent series A funding round led by Kfund. The start-up has spent the last four years developing a computational biology platform, which aims to make it easier for bioinformaticians to process, analyse and aggregate big data from NGS technology. It employs data visualisation and generative AI technology. The platform is also designed to make it easier for bioinformaticians to create useful algorithms in order to advance cutting-edge science. MiLaboratories' financing round will be used to further develop the platform and build a community of app developers.
- San Francisco-based computational biology start-up MiLaboratories has raised $10m in a funding round to develop and expand its platform, which is designed to provide a marketplace for start-ups to build software to analyse and aggregate genetic data. Its prominent features include data visualisation tools and generative AI. The start-up's SDK – named Platforma.bio – has been in alpha and beta testing for the past few years, with an estimated 20 apps now made available through the platform. Some 300 labs have been using the SDK in this testing phase. MiLaboratories aims to make it easier for bioinformaticians and other scientists to process, analyse and aggregate genetic data.
- San Francisco-based start-up MiLaboratories has raised $10m in Series A funding to expand its computational biology platform, which has been in development since 2017. The platform uses data visualisation, AI and other technologies to enable scientists to process and analyse genetic data. The software also provides a marketplace for bioinformaticians and other scientists to distribute apps designed for specialised computation. This will free bioinformaticians from the day-to-day tasks of processing big data, allowing them to focus on developing more complex algorithms.
- San Francisco-based start-up MiLaboratories has raised $10m in funding to advance its computational biology platform, aimed at bioinformaticians and enabling them to process, analyse and aggregate big data from next-generation sequencing. The start-up offers a marketplace for other scientists to distribute their own specialised computation tools as apps. MiLaboratories has spent the past four years developing its software, which also incorporates data visualisation and generative AI.
- SF-based MiLaboratories has raised $10m in a KFund-led series A funding to expand its computational biology platform, designed to help bioinformaticians process, analyse and aggregate big data from next-generation sequencing more easily. The platform incorporates data visualisation and generative AI, as well as a marketplace for researchers to distribute specialised computation tools as apps. The start-up plans to continue developing the platform and build a community of app developers.
- San Francisco-based start-up, MiLaboratories has raised $10m in a recent series A funding round aimed at expanding a computational biology platform for bioinformaticians to process, analyse and aggregate massive amounts of genomic data. The firm's platform is built around data visualisation and generative AI to support usability and provides a marketplace for scientists to distribute their specialised computation tools as apps. The funding will be used to hire engineers and develop the platform's technology.
- San Francisco-based start-up, Milaboratories, will use a $10m won in a recent funding round to hone its computational biology platform, designed to help scientists with bioscience expertise to process vast amounts of genomic data, including visualisation and generative AI chalked up from next-generation sequencing (NGS) technology. As well as making data more accessible to bioinformaticians, it's hoped the platform will be an avenue for scientists to integrate and aggregate results from numerous analyses into a unified picture for more complex disease or cancer therapies.
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SiliconCanals
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The achilles’ heel of cloud security: Why two-factor authentication isn’t enough
- The Snowflake cloud breach that affected Ticketmaster revealed flaws in what many consider a security staple: two-factor authentication (2FA). For a while now, two-factor authentication (2FA) has been hailed as the holy grail of online security. However, like yesterday’s newspaper, it’s starting to show its age. Modern authentication techniques go beyond just two-factor authentication. A combination of Multi-Factor Authentication (MFA), Behavioral Analytics, and Adaptive Authentication can offer a more robust defense. Additionally, monitoring devices for suspicious activity, such as unusual access patterns or configuration changes, adds an extra layer of security to prevent breaches before they escalate. Keep up with the latest security trends and emerging threats in the cloud computing space. Subscribe to cybersecurity news feeds, attend relevant conferences, and participate in professional networks.
- Sophisticated phishing attacks can now trick users into revealing their 2FA codes, and SIM-swapping attacks can intercept SMS-based 2FA. With inadequate security measures, the hacker was able to bypass the security measures, including 2FA, using a custom-developed tool dubbed rapeflake. Modern networking techniques such as Zero Trust Architecture strengthen security by ensuring that no user or device is trusted by default. Cloud environments should be regularly tested beyond surface-level configurations.
- Many impacted accounts lacked MFA, and valid credentials were used years after being stolen, highlighting poor password update practices and a lack of network access control. Some ways to improve cloud security include multi-layered approaches, verifying the user, securing the connection, securing the environment, investing in advanced tools, and development of an incident response plan for potential security breaches.
- Multi-Factor Authentication (MFA): Incorporate additional layers such as biometrics, hardware tokens, or device certificates. Behavioral Analytics: Continuously monitor user behavior, analyzing patterns like typing speed, device usage, and geolocation.
- Adaptive Authentication: Leverage context-aware systems to adjust security requirements based on factors such as location, device type, and access history. Regular security awareness training is essential to equip employees with the knowledge to recognize and respond to potential threats.
- Ethical hackers simulate cyber-attacks on your systems to uncover vulnerabilities before malicious actors can exploit them. Ensure that users have only the minimum level of access necessary to perform their tasks. Use robust encryption protocols to protect your data when it’s being transmitted and when it’s stored. Have a clear, tested strategy in place for responding to potential security breaches.
- Remember, cloud security is an ongoing process. So, regularly reassess your security measures, stay informed about emerging threats, and be prepared to adapt your strategies as the threat landscape evolves.
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