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News on Medial
Israel cyber firms raise $4 billion in 2024 on surge of cloud, AI security needs
Economic Times
·
7m ago
Medial
Israeli cybersecurity firms raised $4 billion in 2024, doubling the previous year's amount, driven by the rising demand in cloud protection and AI security, according to YL Ventures. This growth marks cybersecurity as a significant segment of Israel's tech sector, contributing to its economy and exports. Despite geopolitical challenges, Israel's influence in cybersecurity is expected to grow. The year saw 89 funding rounds, with an uptick in early and growth-stage investments, signaling optimism for 2025.
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TCS partners with Google Cloud to launch AI-powered cybersecurity solutions
IndianStartupNews
·
11m ago
Medial
TCS has expanded its partnership with Google Cloud to provide two cybersecurity solutions. The TCS Managed Detection and Response (MDR) solution, powered by Google's Security Operations platform, aims to reduce the time required to identify and respond to threats. The TCS Secure Cloud Foundation leverages Google Cloud's security solutions to strengthen cloud security posture and governance. TCS and Google Cloud will also leverage Google Cloud's AI-powered security portfolio, focusing on threat intelligence, security operations, and cloud security. The partnership aims to help enterprises enhance cyber resilience and adhere to regulatory compliance.
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Where’s India’s Wiz? How Israel’s cyber edge leaves India playing catch-up
Economic Times
·
4m ago
Medial
Google's $32 billion acquisition of cloud security company Wiz highlights Israel's prowess in cybersecurity, attributed to early education, military involvement, and innovation testing. Unlike Israel, India's cybersecurity landscape is less developed, with government contracts often favoring foreign firms. Although Indian startups like Quick Heal have found niches, global scaling remains limited. Venture capital interest is growing, suggesting potential. However, India risks being a hub for talent rather than entrepreneurship if these challenges persist.
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Tech industry urges G7 to unify cloud security standards
Economic Times
·
10m ago
Medial
- Tech industry group BSA urges G7 nations to standardize cloud security certification globally. - The initiative aims to reduce compliance burdens for cloud service providers while maintaining strong security standards. - Greater unity among G7 nations could challenge the notion that data localization improves security. - Cloud computing is increasingly favored over on-site software due to AI capabilities and data infrastructure requirements. - Governments worldwide have implemented cloud security certification to address risks like cyber attacks and data theft. - BSA advocates for cooperation between cybersecurity agencies across friendly nations to facilitate market access and diverse secure cloud options.
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The cloud is building; will TCS, Infosys, Wipro get showers of joy?
Livemint
·
1y ago
Medial
Microsoft Azure, Amazon Web Services (AWS), and Google Cloud are witnessing a surge in new business, potentially aiding the growth of India's largest technology services companies. In Q1 2022, the three cloud giants collectively added $2 billion in incremental revenue, a 36.5% increase compared to Q1 2021. The strong growth of cloud computing firms is seen as a positive sign for Indian IT services companies, which have become increasingly reliant on cloud business for their own growth. However, some challenges, including company-specific issues and the rise of AI, may limit the benefits for all IT firms.
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Astera Labs seeks to raise around $713 mln in IPO at $5.5 bln valuation
Reuters
·
1y ago
Medial
Astera Labs, a chip firm, has priced its initial public offering (IPO) at $36 per share, aiming to raise around $712.8 million. This exceeds the company's previous target range, giving it a valuation of about $5.5 billion. Astera Labs provides data center components to large cloud service providers and has seen increased demand due to the growing popularity of AI. The IPO comes as technology firms, such as Nvidia, continue to experience a surge in stocks. The company's shares are expected to begin trading on Nasdaq on March 20.
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TCS launches SovereignSecure Cloud for government, public sector enterprises
YourStory
·
3m ago
Medial
TCS announced the launch of the TCS SovereignSecure Cloud, an indigenous and secure cloud solution for government and public sector enterprises in India, aiming to enhance data sovereignty and AI capabilities. Alongside this, the company introduced the TCS DigiBOLT platform and its Cyber Defense Suite to support digital innovation and cyber resilience in India. These offerings underline TCS's commitment to supporting India's digital growth through solutions tailored to the country's unique needs.
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Skill gap in workforce, AI advancements make cyber attacks more threatening in India
Economic Times
·
1y ago
Medial
The demand for cyber security professionals is set to boom in India as the country grapples with a rise in cyber attacks. The industry currently faces a 30% supply gap, with projections indicating a need for one million professionals by 2025. Companies are incorporating artificial intelligence (AI) to enhance cyber security efforts and bridge the skills gap. The most sought-after skills in the field include cloud security, threat intelligence, incident response and management, ethical hacking, and data security. Companies are expanding their search for talent beyond domestic markets and investing in skilling initiatives to meet the growing demand.
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Crypto elite increasingly worried about their personal safety | TechCrunch
TechCrunch
·
2m ago
Medial
Cryptocurrency executives and investors are increasingly concerned about personal security due to rising threats of violent abductions and breaches, such as the recent Coinbase incident exposing personal information. For instance, the CEO of Paymium faced an attempted abduction involving family members. Security firms like Infinite Risks International report a surge in proactive security inquiries. Coinbase spent $6.2 million on CEO Brian Armstrong's personal security, reflecting heightened security needs in the crypto sector.
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Salesforce expands local cloud platform to Israel
Economic Times
·
11m ago
Medial
Salesforce has announced the availability of its Hyperforce cloud platform in Israel, allowing sensitive government and company data to stay local. Initially operating on Amazon Web Services infrastructure, the platform may later expand to Google Cloud Platform. The move benefits government entities and firms needing to comply with privacy laws within Israel's boundaries. Salesforce has 17 cloud platforms globally, and until now, data from Israeli companies was stored in Frankfurt. All Salesforce customers will be migrated to the local cloud platform. The company has also been investing in AI and considers its Israel R&D center a strategic site for development.
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RBI plans 2025 launch of cloud services, countering dominance of global firms
Economic Times
·
8m ago
Medial
The Reserve Bank of India (RBI) is planning to launch a pilot programme in 2025 that will provide affordable local cloud data storage to financial firms. The RBI's cloud platform will be developed in partnership with local IT firms and aims to compete with global players like Amazon Web Services and Microsoft Azure. The Indian cloud services market is rapidly growing, estimated to reach $24.2 billion by 2028, but is currently dominated by foreign firms. The pilot programme will focus on the needs of smaller banking and financial services firms.
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