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FutureTech

Meta, CBSE partnership to enable 10 mn students embrace immersive tech

Meta (formerly Facebook) will expand its partnership with the Central Board of Secondary Education (CBSE) to provide a curriculum on digital safety and online well-being, as well as augmented reality (AR), to over 10 million students and 1 million educators in the country over the next three years. Furthermore, in accordance with the government’s vision of universalizing education, Meta and CBSE will democratise the high school curriculum by providing students with online access to quality educational content via modules that will be made available on CBSE’s website. Meta founder and…

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MIT Quantum covid sensor: Faster & cheaper detection

A novel approach to testing for the presence of the virus that causes Covid-19 may result in tests that are faster, less expensive, and potentially less prone to mistakes than current detection methods. Though the work, which is based on quantum effects, is still theoretical, the researchers believe that these detectors could be adapted to detect virtually any virus. Changhao Li, an MIT doctoral student, Paola Cappellaro, a professor of nuclear science and engineering and physics, and Rouholla Soleyman and Mohammad Kohandel of the University of Waterloo describe the new…

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OfBusiness raises $325 Mn at around $5 Bn valuation

OfBusiness, a platform for industrial goods and services procurement, has raised $325 million in a Series G round led by Alpha Wave Ventures II, Tiger Global Management, and Softbank Vision Fund 2. Norwest Venture Partners, Matrix Partners India, Zodius Technologies, Pantherea Growth Fund, and Marshall Wace are also investors in the company. The current round also includes a secondary sale for $140 million. According to OfBusiness, the new funds were raised at a valuation of around $5 billion. In the last eight months, the Gurugram-based company’s valuation has increased by…

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Ransomware attack on Kronos impacts paychecks of several companies

Ultimate Kronos Group (UKG), a major technology firm that provides human resource management solutions to other companies, was hit by a critical ransomware attack. The cyber attack has rendered several of the firm’s clients unable to access their payroll systems, and the situation could last for weeks. In a blog post, the company informed its clients and communities that the cyber attack had disrupted the Kronos Private Cloud. Kronos Private Cloud houses a number of the company’s solutions, such as UKG Workforce Central, UKGTeleStaff, Healthcare Extensions, and Banking Scheduling Solutions….

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Atomberg raises $20 million in funding round

Atomberg Technologies, best known for its smart fans, has raised $20 million in a fundraising round led by Jungle Ventures. The funds will be used to build a new manufacturing facility, according to the corporation. According to an official release, the round, which brings the company’s total capital garnered to $45 million since its creation in 2012, also included participation from Inflexor Ventures, as well as current investors A91 Partners and angel investor Ramakant Sharma. The company intends to expand its presence in kitchen appliances with the launch of a…

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AI Startup SenseTime relaunches Hong Kong IPO to raise $767 million

Chinese artificial intelligence startup SenseTime Group is attempting to raise up to $767 million by pricing its shares between HK$3.85 to $HK3.99 each in its second attempt at a Hong Kong IPO, according to regulatory papers on Monday, . After being placed on a US investor blacklist, SenseTime’s first attempt for listing was shelved last Monday. According to the filings, SenseTime wants to offer 1.5 billion shares in the IPO, with the exact price to be determined on Thursday. The US Treasury added SenseTime to a list of “Chinese military-industrial…

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AI-Based Teaching Assistant ByteLearn Raises $9.5 Mn

AI-based teaching assistant startup ByteLearn has raised $9.5 million in its seed round and is no longer in stealth status. According to the startup’s website, early access to the platform is now available. Vedantu, an edtech startup, bought the doubt-solving platform InstaSolv in February 2021 to expand its test prep and K-12 teaching sectors. Aditya Singhal and Nishant Sinha, two of InstaSolv’s founders, left to start a new company called ByteLearn. The funds will be used for product development, global expansion, and technological advancements by the startup. The company also intends…

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Signal increases group video call limit to 40 users

Signal now allows up to 40 people to participate in a group video conference. Despite the increased number of call participants, the messaging app says that the platform assures that all communication is end-to-end encrypted. Signal said it uses “Selective Forwarding” technology, which allows calls to be routed through servers that transfer the call’s contents to other participants without sacrificing privacy. It’s presently being rolled out to Signal’s Android and iOS versions. “We launched group calls using a modified version of one of them, but shortly found that even with…

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Fintech startup Uni closes $70 Mn Series A round

Fintech startup Uni has raised $70 million in a Series A round led by General Catalyst, making it one of the largest Series A investments in the country. Eight Roads Ventures, Elevation Capital, Arbor Ventures, and current investors Lightspeed and Accel also participated in the round. In October of last year, the Bengaluru-based startup raised $18.5 million in its first investment round, led by Lightspeed Ventures India and Accel Partners India. The company has raised $88.5 million to date. According to Uni, the funds will be used to expand the team,…

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Gupshup introduced Whatsapp based commerce solution

Gupshup, a conversational messaging startup, has launched a WhatsApp-based commerce solution that allows businesses to construct a digital “storefront” on the platform. Conversational journeys can be enabled at every point of the buying process, including pre-purchase, purchase, and post-purchase. “As one of the earliest Solution Provider partners of WhatsApp, we have already helped thousands of businesses across the world go live on WhatsApp Business. Our knowledgeable sales and solutions teams, along with a network of global partners, help businesses accelerate their digital transformation,” explained Ravi Sundararajan, COO, Gupshup. “We are…

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