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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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How the digital “you” can withstand your torturous online conference calls

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Now you can appear like you are on a Zoom call in your office, even whilst you’re sipping a margarita in a hammock far, far-off. Courtesy of a several-month-old startup called Marinadethe premise is easy: upload a five-minute training video of you creating an avatar, and 24 hours later you may seemingly be able to go. Do you ought to call from your automotive? This can be your secret. Too lazy to get away from bed? No problem. At the beach club? You’re probably pushing it, although judging by the demo video, that is not the only problem that should be solved. (The service is currently available in Basic, Standard and Professional versions, with prices starting from $300 to $1,150 per yr.)

The technology, backed by Los Angeles-based Krew Capital, currently only works with macOS, Pickle says, but a Windows version is anticipated next month. As for the conferencing apps that customers can pick from, they include Zoom, Google Meet and Teams, in keeping with Pickle. However, you should have to attend to make use of them. According to the website, “due to high demand, clone generation is currently delayed.”

This article was originally published on : techcrunch.com
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‘Wolves’ sequel canceled because director ‘no longer trusted’ Apple

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It could also be hard to recollect, but George Clooney and Brad Pitt starred together within the movie “Wolves,” which Apple released just two months ago.

On Friday, the film’s author and director Jon Watts said Friday that the sequel is not any longer happening; IN one other interview for Deadlinehe explained that he “no longer trusts (Apple) as a creative partner.”

According to reports, the corporate limiting your film strategy. For example, “Wolfs” was imagined to have a giant theatrical release, but as an alternative it played in a limited variety of theaters for just per week before it landed on Apple TV+.

Watts, who also created the brand new Star Wars series “Skeleton Crew,” said Apple’s change “came as a complete surprise and was made without any explanation or discussion.”

“I was completely shocked and asked them not to tell me I was writing a sequel,” Watts said. “They ignored my request and announced it in their press release anyway, apparently to put a positive spin on their streaming axis.”

As a result, Watts said he “quietly refunded the money they gave me to continue” and canceled the project.

This article was originally published on : techcrunch.com
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The Rise and Fall of the “Scattered Spider” Hackers.

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A statue of CrowdStrike’s action figure that represents the Scattered Spider cybercriminal group, seen at the Black Hat cybersecurity conference in August 2024.

After greater than two years of evading capture following a hacking spree that targeted some of the world’s largest technology firms, U.S. authorities say they’ve finally caught a minimum of some of the hackers responsible.

In August 2022 security researchers made their information public with a warning that a bunch of hackers targeted greater than 130 organizations in a complicated phishing campaign that stole the credentials of nearly 10,000 employees. The hackers specifically targeted firms that use Okta, a single sign-on service provider that hundreds of firms around the world use to permit their employees to log in from home.

Due to its give attention to Okta, the hacker group was dubbed “0ktapus”. By now the group has been hacked Caesar’s entertainmentCoinbase, DoorDash, Mailchimp, Riot Games, Twilio (twice) and dozens more.

The most notable and severe cyber attack by hackers in terms of downtime and impact was the September 2023 breach of MGM Resorts, which reportedly cost the casino and hotel giant a minimum of $100 million. In this case, the hackers collaborated with the Russian-speaking ransomware gang ALPHV and demanded a ransom from MGM for the company to get better its files. The break-in was such a nuisance that MGM-owned casinos had problems with service delivery for several days.

Over the past two years, as law enforcement has closed in on hackers, people in the cybersecurity industry have been attempting to work out exactly tips on how to classify hackers and whether to place them in a single group or one other.

Techniques utilized by hackers similar to social engineering, email and SMS phishing, and SIM swapping are common and widespread. Some of the individual hackers were part of several groups chargeable for various data breaches. These circumstances make it obscure exactly who belongs to which group. Cybersecurity giant CrowdStrike has dubbed this hacker group “Scattered Spider,” and researchers imagine it has some overlap with 0ktapus.

The group was so energetic and successful that the US cybersecurity agency CISA and the FBI issued a advice in late 2023 with detailed details about the group’s activities and techniques in an try and help organizations prepare for and defend against anticipated attacks.

Scattered Spider is a “cybercriminal group targeting large companies and their IT helpdesks,” CISA said in its advisory. The agency warned that the group “typically engaged in data theft for extortion purposes” and noted its known ties to ransomware gangs.

One thing that is comparatively certain is that hackers mostly speak English and are generally believed to be teenagers or early 20s, and are sometimes called “advanced, persistent teenagers.”

“A disproportionate number of minors are involved and this is because the group deliberately recruits minors due to the lenient legal environment in which these minors live, and they know that nothing will happen to them if the police catch the child” – Allison Nixon , director of research for Unit 221B, told TechCrunch at the time.

Over the past two years, some members of 0ktapus and Scattered Spider have been linked to a similarly nebulous group of cybercriminals generally known as “Com” People inside this broader cybercriminal community committed crimes that leaked into the real world. Some of them are chargeable for acts of violence similar to robberies, burglaries and bricklaying – hiring thugs to throw bricks at someone’s house or apartment; and swatting – when someone tricks authorities into believing that a violent crime has occurred, prompting the intervention of an armed police unit. Although born as a joke, the swat has fatal consequences.

After two years of hacking, authorities are finally starting to discover and prosecute Scattered Spider members.

in July This was confirmed by the British police arrest of a 17-year-old in reference to the MGM burglary.

In November, the U.S. Department of Justice announced it had indicted five hackers: Ahmed Hossam Eldin Elbadawy, 23, of College Station, Texas; Noah Michael Urban, 20, from Palm Coast, Florida, arrested in January; Evans Onyeaka Osiebo, 20, of Dallas, Texas; Joel Martin Evans, 25, of Jacksonville, North Carolina; and Tyler Robert Buchanan, 22, from the UK, who was arrested in June in Spain.

This article was originally published on : techcrunch.com
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