Point2 Technology, a leading provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, announced a $22.6 million Series B extension from Bosch Ventures, a leader in deep tech investments, and Molex, a global electronics leader and connectivity innovator, with participation from other investors. This Series B extension validates the demand for Point2’s technology in AI/ML data center…
CrowdStrike announced the opening of its new, state-of-the-art office in Pune, India, significantly strengthening the company’s presence in the region. The new, 52,000 square foot facility nearly doubles the capacity of previous facilities in Pune, cementing the cybersecurity leader’s commitment to protecting organizations in India and across the region, a statement said. Headquartered in the U.S.…
Policybazaar for Business, a rapidly-growing brand dedicated to addressing the insurance needs of Indian businesses, announced the addition of three distinguished members to its advisory board: Dinesh Waghela, AV Rao, and S. Nagaraj. Last year, the brand had revealed the first name – Ajit Kumar, former General Manager at Oriental Insurance Co Ltd, who brought over 37 years…
Game studio Overworld, building high-quality, cross-platform multiplayer RPGs, has closed a seed round of $10M, led by Hashed alongside The Spartan Group, Sanctor Capital and Galaxy Interactive, with notable participation from Hashkey, Big Brain Holdings and Foresight Ventures, to accelerate development on a multiplayer role-playing experience enhanced with digital collectibles. Codenamed Overworld, the rich, cross-platform fantasy…
Mwyn Tech, which operates the digital banking platform Freo, has raised debt funding from the Small Industries Development Bank of India (Sidbi), according to ETtech report. The company will utilise the funds for growth into newer categories and segments as well as to expand into new pan-India geographies. Founded in 2015, Freo provides digital banking…
UnitedLex, a data and professional services company specializing in litigation, intellectual property, contracts, compliance, and legal operations, announced the hiring of two legal industry veterans to support corporate functions critical to the company’s rapid growth. Renee Meisel recently joined as Executive Vice President and General Counsel, and Shelley Armitage adds to the company’s Intellectual Property…
IGT Solutions, a global provider of AI-led BPM and Digital Services & Solutions, announced the appointment of Katie Stein as its new Chief Executive Officer effective April 1, 2024. She will join IGT Solutions as CEO Designate effective February 14, 2024. Katie is a transformative business leader and brings deep domain expertise to IGT Solutions. Most recently, Katie served…
Archies Limited announced the resignation of Abhishek Sapra as President – Finance of the company, with effect from February 14, 2024. According to the company’s exchange filing, “We hereby inform that Mr. Abhishek Sapra has resigned from the position of the President-Finance of the Company due to personal reasons with effect from the closing of…
Prodapt, the largest and fastest growing specialized company focussed on the Connectedness industry, announced the appointment of senior industry leader Manish Vyas to the Board as Executive Director. With an impressive 23-year tenure at Tech Mahindra, Manish Vyas left an indelible mark as President of the Communications, Media, and Entertainment (CME) business, alongside leadership roles…
Homegrown social media platform for travellers Explurger has raised $4.5 million in a Series A funding round led by Affle (India) Limited, at a pre-money valuation of about $40 million, according to ETtech report. With this investment, Affle’s stake in the company now stands at 9.03%, the company said in a statement. The freshly acquired…
Starlab Space LLC (Starlab Space), the transatlantic joint venture between Voyager Space and Airbus, announced its leadership team. Retired NASA astronaut and Voyager executive, Tim Kopra has been appointed as Starlab’s new CEO. A seasoned leader, Kopra will leverage his extensive expertise in space exploration and experience overseeing the Starlab program at Nanoracks (part of Voyager’s Exploration…
Wipro Limited, a leading technology services and consulting company, announced that it has made a significant investment in Aggne, a leading consulting and managed services company serving insurance and Insurtech industries. With this investment, Wipro becomes a majority shareholder in Aggne, which brings to Wipro a highly sought-after and unique set of capabilities and Intellectual Property (IP)…
Trident Group Limited announced the appointment of Samir Joshipura as Group Chief Executive Officer, with effect from February 14, 2024. Samir Joshipura is an Engineer and an MBA with more than twenty five years experience in Strategy, Change Management and transforming businesses in Building Material, Auto Components, Textiles, Paper, FMCG, Banking and IT sectors. His…
VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions, appoints GB Srithar as the Head of Tourism Services, effective 01 February 2024. Srithar joins VFS Global from Singapore Tourism Board (STB), where he spent over 27 years in a career that spanned multiple functions, including Human Resources, Organizational Development, and International Marketing. He…
Tata Elxsi, amongst the world’s leading design and technology service providers, strategically expands its presence in Pune with the inauguration of a new Global Design and Engineering center in Sukhwani Business Hub, Chinchwad. The new center is specifically tailored to cater to the technology and digital transformation priorities of key automotive OEMs and Tier 1…