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10 things in tech you need to know today

  • The US government temporarily loosened restrictions so that Huawei can help its existing customers.
  • Trump’s blacklist of Huawei has serious implications for Red Hat, Oracle, VMware and other huge US software companies.
  • Google Glass is graduating from Google’s moonshot division with the launch of its second-generation enterprise product.
  • The Intercept obtained a confidential Facebook document which showed the company courts mobile network carriers and phone manufacturers with the promise of user data.
  • A source told Bloomberg the DOJ is leaning against letting T-Mobile take over Sprint.
  • Pro gamers can get paid up to $50,000 an hour to play newly released games.
  • Design startup Canva is now a $2.5 billion company, thanks to the first-ever investment from legendary VC Mary Meeker’s new fund.
  • Nearly 50 million Instagram influencers and celebrities reportedly had their private contact information scraped and exposed on a database online.
  • Slack changed its stock ticker weeks before its expected IPO.
  • The head of Xbox wrote a blog spelling out how the company plans to combat toxicity in gaming, the Verge reports.

Read full article: businessinsider.com

[Funding Alert] Craftsvilla raises Rs 6 crore from parent Supera Investments

  • Craftsvilla founders Manoj Gupta and Monica GuptaCraftsvilla, an online retailer of ethnic brands, has raised Rs 6 crore in funding from Singapore-based parent Supera Investments, according to RoC filings accessed by YourStory.
  • With the latest infusion, the Mumbai-based company has received a total amount of Rs 30 crore from Supera this year, including Rs 17 crore in April, Rs 3 crore in March, and Rs 4 crore in February.
  • Founded in 2011 by Manoj Gupta and Monica Gupta, Craftsvilla focuses on ethnic fashion and accessories.
  • The startup has launched its own in-house brands such as Anuswara, Avanya, and Jharokha in the affordable ethnic and handloom segment.

Read full article: yourstory.com

Former Infosys’ chief Vishal Sikka raises $50 million for his AI startup Vian Systems

  • Former Infosys’ chief Vishal Sikka raises $50 million for his AI startup Vian Systems
  • Vishal Sikka is on-board Stanford University?s Human-Centered Artificial Intelligence as part of its advisory council.
  • Infosys’ former chief executive Vishal Sikka has raised $50 million for its California-based artificial intelligence startup Vian Systems, according to regulatory filings with the US Securities and Exchange Commission.
  • Also, Vishal Sikka has received no compensation for his role in the offering beyond his usual and customary salary as an officer of the corporation, the filing said with respect to the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to executive officers, directors, or promoters.

Read full article: financialexpress.com

NIRAMAI Thermalytix can detect’s early Stage Cancer using AI – Techiexpert.com

  • Breast cancer is one of the largest cancer killers in women in India.
  • Survival rates are particularly low in India and other developing countries, due to lack of awareness and limited access to health facilities.
  • Niramai, a health tech startup based in Bengaluru , has developed a solution for detecting breast cancer at an early stage.
  • It is non-contact, non-invasive, low-cost, portable and can be used to detect breast cancer in women of all ages.

Read full article: techiexpert.com

Innovative Logic USB IP Portfolio Strengthens RISC-V Ecosystem

  • Innovative Logic India, a wholly owned subsidiary of Innovative Logic, Inc., is one of the few product startup companies in Bengaluru, India, offering a complete USB solution to top-tier clients worldwide in close collaboration with its PHY partners.
  • SiFive is the leading provider of market-ready processor core IP, development tools and silicon solutions based on the free and open RISC-V instruction set architecture.
  • Led by a team of seasoned silicon executives and the RISC-V inventors, SiFive helps SoC designers reduce time-to-market and realize cost savings with customized, open-architecture processor cores, and democratizes access to optimized silicon by enabling system designers in all market verticals to build customized RISC-V based semiconductors.
  • Innovative Logic is a leading provider of standard based Soft IP solutions as well as high-quality design services in ASIC, FPGA, and Embedded Systems domains.

Read full article: businesswire.com

Meet OurHealthMate, a healthtech startup that wants to be the Amazon of the healthcare sector

  • Ayush Bharti, Chief Technical Officer, Abhinav Krishna Co-founder and CEO and Siddharth Upadhyaya, Founding Partner and Chief Strategy
  • Healthtech startup Medlife acquires Myra MedicinesYour health mateOHM integrates health and wellness management solutions on its platform, and functions as a medical appointment portal that allows three-step appointment bookings online.
  • As of now, the company is focussing on Indian expats living in the US, Canada, UK, UAE, Singapore, Australia, etc., and companies that have a significant number of employees in India.” Users can compare costs of 2,50,000 medical services offered by more than 30,000 doctors on the platform, before deciding to visit a hospital,” Abhinav says.
  • For corporates, OHM provides overall findings and aggregated data to the HR head.
  • For individuals, OHM provides information by uploading electronic medical records accessible to the patient, payer, and provider.

Read full article: yourstory.com

How Dunya Labs is powering the future by building tools and experiences for mass adoption of Blockchain

  • Among them is Bengaluru-based Dunya Labs, which is ” building tools and experiences for mass adoption of Blockchain” .Watch the interaction with the founders here:Dunya Labs brings together youth and experience.
  • The space was driven by this intersection between academic research and technological development, and it really needed people who understand both sides to get a clear view of where the industry was going,” says Cathy Guo, Co-founder of Dunya Labs.
  • ” We decided to set up the company in India, and rebrand it as Dunya Labs,” says Cathy.
  • Putting infrastructure in placeBut before we can truly see mass adoption of and activity on decentralised applications (dApps), startups like Dunya Labs will need to ensure that a base layer or protocol-level complexities are abstracted from users and developers seeking to use Blockchain technology, and that the necessary tooling and infrastructure to facilitate that is in place.” We are a Blockchain studio focused on building infrastructure services and tools for public Blockchain adoption.
  • Their first product is Eclipse, an open AWS-like toolkit that allows developers to easily build, deploy and maintain applications across multiple public Blockchains.

Read full article: yourstory.com

Bengaluru startup ThingsCloud plans to solve India’s power crisis with smart solar inverters for homes

  • Hence, it is imperative for us to look for affordable, alternative sources of energy like solar power.
  • After working with energy companies in the US for seven years, Amruth returned to India and started up to solve the energy crisis in the residential market.
  • Its inverters allow residential societies to monitor their energy consumption, conserve 20-30 percent excess energy, and store backup power for utilisation during grid outages – a rather common occurrence in most parts of India.
  • ThingsCloud claims that its AI-powered solar inverters are 20-30 percent more energy-efficient than regular inverters and can save up to 50 percent in costs required to run a residential energy system.
  • A lot of potential energy that can be saved is being wasted.” Hence, homegrown solutions like ThingsCloud.

Read full article: yourstory.com

An in-depth account of Indian space startups; MobiKwik eyes profitability this year

  • Today, 58 years after the first human entered outer space, not only are private companies working on space tech – but the industry is also attracting startups.
  • MobiKwik revenue grows over 100 pc; eyes profitability in FY20Fintech startup Mobikwik reported an over 100 percent increase in its revenue for the financial year 2018-19, targeting operational profitability in FY20.
  • Regulatory filings showed that the startup reported a revenue of Rs 184.6 crore for FY19, against Rs 85.6 crore in FY18, up 116 percent year on year.

Read full article: yourstory.com