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India’s Neysa raises $30 million to compete with global AI hyperscalers

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While India shouldn’t be on the forefront of the global AI innovation battle, demand for AI within the country is growing as enterprises seek efficiencies and tech corporations promote the event of AI as a cure-all. This South Asian country is anticipated to have a synthetic intelligence market to USD 17 billion by 2027– according to a joint report by the IT industry organization Nasscom and the consulting company BCG.

Neysaan Indian start-up led by experienced technology entrepreneur Sharad Sanghi intends to capitalize on this growth opportunity by offering its artificial intelligence solutions to local and international corporations within the country.

The Mumbai-based startup provides AI and machine learning infrastructure and platform as a service to enterprise clients based on their requirements. It also includes dedicated machine learning operations and infrastructure consulting teams that help customers find the precise size for his or her infrastructure and tune or adapt the models they select.

Before founding Neysa with his former colleague Anindya Das in 2023, Sanghi spent greater than 27 years at his previous enterprise and data center provider, Netmagic, which was acquired by Japanese company NTT Data in 2016. He told TechCrunch that he intended to give attention to cloud infrastructure and artificial intelligence in 2022, but this was impossible. He resigned as managing director and CEO of Netmagic in June 2023 to start a brand new job at Neysa.

“I started at Neys with the idea of ​​providing infrastructure as a service, platform as a service, inference as a service, a service layer around ML, as well as the platforms we need for developers,” he said in an interview.

Neysa Co-Founder and CEO Sharad Sanghi

Neysa initially began as an infrastructure services provider and in July launched its flagship Velocis platform to provide on-demand access to computing infrastructure. However, it plans to expand its product range by launching a development platform and inference-as-a-service before the tip of the yr. The startup can also be working on developing “observability to better manage” its infrastructure and secure its AI workloads, Sanghi said.

Neysa goals to compete with global hyperscale corporations, including typical cloud service providers corresponding to AWS, Google Cloud Platform and Microsoft Azure, in addition to new-age competitors corresponding to CoreWeave and Lambda Labs, in its full suite of offerings. Sanghi assured that the startup stands out from existing players by offering “flexibility” in its models.

“We can offer both public and private cloud clusters. This is also the open nature of our offer. All our platforms are built on open source platforms… so customers are not dependent,” he said.

The startup’s consulting service also goals to attract local businesses, which frequently find it difficult to obtain adequate infrastructure without spending hundreds of dollars.

“Very often customers come to us and say they want this high number of GPUs… and when we really look at the requirements, it turns out they don’t need half the amount they asked for,” Sanghi said.

Neysa raised $30 million in an all-equity Series A round led by its existing investors NTTVC, Z47 (formerly Matrix Partners India) and Nexus Venture Partners. This follows the startup’s $20 million seed round earlier this yr.

The latest funds, Sanghi said, will strengthen Neysa’s infrastructure, enhance its research and development and expand its market entry. The funds can even create the idea for the startup to launch an integrated Gen AI cloud acceleration service.

The startup currently employs 55 people and can expand by adding more engineers and staff to expand direct and indirect sales.

Neysa currently has about 12 paying customers and is running about six large proofs of concept. Sanghi said that as much as 70 percent of the whole customer base has opted for a personal cluster, with the remaining 30 percent using the general public cloud.

While Sanghi didn’t reveal the names of Neysa’s clients, he said the startup broadly serves three categories: research institutes, AI-based startups and company clients, initially within the banking, manufacturing and media sectors.

Neysa’s current customer base is in India, although Sanghi said the startup plans to enter global markets with one other round of financing – talks have already begun and are expected to be accomplished in the subsequent six to nine months.

He didn’t reveal the precise amount Neysa wants to raise in the subsequent round, although he said it will be “an order of magnitude more than what we have currently raised.” The startup also plans to tackle debt to meet growing demands for GPU and other infrastructure.

This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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