Sheryl Sandberg, COO of Meta, has left the company after 14 years. In yet another blow to the company, Jerome Pesenti, Meta’s VP of AI, has announced his departure. Pesenti will leave the company in mid-June after assisting it through the early stages of the AI transformation, according to the company. Pesenti has been a member of Meta for four years. Bosworth also stated that Meta’s AI technology and community will form a new cross-functional AI leadership team led by Joelle. “We are grateful for the incredible work Jerome has…
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Binance Labs closes $500 million investment fund to boost blockchain, Web3 adoption
Binance Labs, the venture capital and incubation arm of global cryptocurrency exchange Binance, has announced the establishment of a new $500 million investment fund. The new fund will invest in ideas that will broaden the applications of cryptocurrencies and boost the adoption of Web3 and blockchain technologies. As a limited partner, it is supported by worldwide institutional investors such as DST Global Partners and Breyer Capital and other prominent private equity firms, family offices, and corporations. Changpeng Zhao ‘CZ’, Founder and CEO of Binance, said: “In a Web3 environment, the…
Read MoreSaaS firm Kovai.co charts product-led growth strategy for unicorn status
Kovai.co is aiming for unicorn status as the Software as a Service (SaaS) company pursues a product-led growth strategy, according to founder and CEO Saravana Kumar. With a leaner product portfolio, Kumar said the business is working on a customer success product — one of the fastest-growing product sectors in SaaS — that will be released this year. “We see huge potential for this product. On its own, it can reach $50 million annual revenue,” he said. He estimated Kovai.co to reach unicorn status, or privately held company with a…
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Read MoreSourav Ganguly joins hands with Noida-based edtech startup Classplus
After a cryptic tweet, BCCI President Sourav Ganguly on Thursday announced a partnership with Noida-based edtech startup Classplus to promote thousands of instructors and content creators. After 30 years in Indian cricket, Ganguly resorted to social media to promote this endeavour. “The first step towards achieving your dreams is having the right coach.” Ganguly says in the 30-second short. Classplus claims to have digitised over a lakh educators and content creators in over 3,000 cities, servicing 30 million students and aiding them in growing their online profile and selling their online…
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Read MoreUpcoming startup event in Bengaluru-2022
Indiafirst tech startup conclave & awards coming to the silicon valley of India: Bengaluru, after the grand success of its Delhi chapter back in February. The conclave is one of the most prominent and innovative events in India, with a collective goal of strengthening the country’s tech startup ecosystem. The organizers” All India Council for Robotics and Automation” will host the Bengaluru chapter of its prestigious India First Tech startup conclave and awards on the 8th and 9th of June 2022. The event will feature several exhibitors, interactive sessions on tech…
Read MoreAgritech startup Nutrifresh raises $5 million in funding from investors
Nutrifresh, an agritech startup, announced on Tuesday that it has raised $5 million (Rs 38.8 crore) in funding for expansion and growth. Hydroponically grown, residue-free, and chemical-free vegetables are the company’s objective. Theodore Cleary, Archer Investments; Sandiip Bhammer, Managing Partner – Green Frontier Capital; Sky Kurtz, CEO & co-founder of Pure Harvest UAE; Mathew Cyriac, Florintree Advisors & ex-managing director of Blackstone India; Soumitra Dutta, Dean Elect – Sad Business School, University of Oxford; Shaishav Dharia, Regional chief executive officer, CEO Lodha Group; Karan Gos. “The funding will be used…
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