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News on Medial
Netgear acquires Bengaluru-based cybersecurity startup Exium
Economic Times
·
2m ago
Medial
Netgear, a US-based networking solutions firm, acquired Bengaluru-based cybersecurity startup Exium to enhance services for managed service providers (MSPs) and small to medium enterprises (SMEs). Exium CEO Farooq Khan will join Netgear's leadership. This acquisition follows Netgear's purchase of VAAG Systems in Chennai, boosting their software development capabilities. Netgear plans to hire over 100 engineers and explore AI and cloud technologies for network automation, improving SME productivity and expanding its presence in India.
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Cisco acquires eBPF networking startup Isovalent
Medial
·
1y ago
Medial
Cisco is set to acquire Isovalent, a startup specializing in networking software based on the open-source eBPF tool. The deal, whose financial terms were not disclosed, follows Cisco's participation in a $29 million funding round for Isovalent two years ago. Isovalent's expertise lies in eBPF, as well as its projects Cilium and Tetragon, which enhance networking capabilities and cybersecurity features. Cisco aims to leverage Isovalent's technology for cybersecurity expansion, with a focus on the commercial tool Cilium Mesh, which connects applications across different environments. Cisco plans to combine Cilium Mesh with its software-defined networking products.
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Armis Acquires CTCI
Finsmes
·
1y ago
Medial
Armis, a San Francisco-based cybersecurity company, has acquired CTCI, an AI-powered pre-attack threat hunting technology company based in Oregon. The financial terms of the deal were not disclosed. Armis plans to merge CTCI with its own operations and integrate their technology into Armis Centrix™, creating an advanced early warning cyber intelligence system. This acquisition solidifies Armis' commitment to being a comprehensive platform for managing an organization's entire attack surface.
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WestBridge-backed Phenom acquires HR tech startup EDGE
VCCircle
·
6m ago
Medial
US-based HR tech firm Phenom People Inc, backed by Indian private equity firm WestBridge Capital, has acquired Bengaluru-based startup EDGE, known for its talent management platform. This marks Phenom's sixth acquisition overall and its second in under eight months, although financial terms were not disclosed. The acquisition aims to enhance Phenom's workforce intelligence solutions for professional services and global capability centers by integrating advanced resource planning into its "Intelligent Talent Experience" platform.
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Adobe acquires Indian generative AI startup Rephrase.ai
Economic Times
·
1y ago
Medial
Adobe has acquired Bengaluru-based startup Rephrase.ai, which specializes in AI-powered video creation. The acquisition will enable Adobe to integrate Rephrase's generative AI video capabilities into its Creative Cloud platform, offering enhanced video content tools to its customers. This marks Adobe's first entry into the generative AI and video-tooling space and the first acquisition of an Indian startup by the company. The deal includes a complete cash exit for Rephrase's investors and the majority of the team joining Adobe. The exact deal size has not been disclosed.
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Cyber security firm QNu Labs bags Rs 60 crore from govt's NQM, others
Economic Times
·
3m ago
Medial
Bengaluru-based QNu Labs, a quantum cybersecurity startup, raised Rs 60 crore in a Series A round led by the National Quantum Mission (NQM), marking the government's first strategic investment in a private deep tech startup focused on quantum communications. The startup, incubated at IIT-Madras, offers quantum key distribution (QKD) systems and post-quantum cryptography (PQC) tools to secure sensitive data against potential quantum computer threats. Total funding for QNu Labs now amounts to $20 million.
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3one4 Capital-Backed Wint Wealth Acquires Ambium
Inc42
·
1y ago
Medial
Bengaluru-based fintech startup Wint Wealth Group has acquired a majority stake in Chandigarh-based non-banking financial company (NBFC) Ambium Finserve. The deal, which has received approval from the Reserve Bank of India, provides Wint Wealth Group with an NBFC license. Ambium Finserve has started wholesale lending operations under the brand name Wint Capital, focusing on lending to growth-stage NBFCs for onward lending. Wint Capital's loan book is expected to grow to INR 500 crore by the end of 2024. Wint Wealth Group, founded in 2020, helps customers navigate fixed deposits, corporate and sovereign gold bonds, and bond baskets.
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Adobe acquires Bengaluru-based AI startup Rephrase.ai
Money Control
·
1y ago
Medial
Adobe has acquired Rephrase.ai, an AI-driven video creation startup based in Bengaluru. This marks Adobe's first generative AI acquisition in India. The deal's financial details have not been disclosed. As part of the acquisition, Adobe will also absorb the majority of Rephrase.ai's employees, including the founders. Rephrase.ai offers text-to-video generation platforms and tools with over 50,000 users. This acquisition will help Adobe expand its video capabilities and strengthen its in-house video editing platform, Creative Cloud. The news was reported by the Economic Times.
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Xoriant acquires MapleLabs to expand its platform engineering capabilities
Economic Times
·
1y ago
Medial
US-based consulting and IT services firm Xoriant has acquired Bengaluru-based product engineering firm MapleLabs. The acquisition aims to enhance Xoriant's capabilities in platform engineering, product development, and cloud native applications. MapleLabs brings expertise in hybrid cloud infrastructure, observability, and Site Reliability Engineering (SRE). The financial details of the deal were undisclosed. Xoriant, backed by private equity firm ChrysCapital, aims to strengthen its position in the digital engineering space and provide innovative solutions to its global clients. This is Xoriant's second acquisition following the acquisition of Bengaluru-based consulting firm Thoucentric in 2023.
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Nikhil Kamath-backed Nourish You acquires vegan dairy startup One Good
Inc42
·
1y ago
Medial
Direct-to-consumer superfood brand Nourish You has acquired Bengaluru-based vegan dairy startup One Good for an undisclosed amount. One Good offers vegan dairy products such as milk, cheeses, chocolates, ghee, and butter, while Nourish You provides nutrient-rich breakfast food products and snacks. The acquisition aims to integrate Nourish You's commitment to animal welfare with One Good's focus on making high-quality plant-based nutrition accessible. Nourish You has raised $2 million in funding from investors including Nikhil Kamath and Samantha Ruth Prabhu. The D2C food and beverage segment is expected to grow at a 25% CAGR by 2030.
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Cybersecurity startup Mitigata raises $5.9 million from Nexus Venture Partners, others - The Economic Times
Economic Times
·
4d ago
Medial
Bengaluru-based Mitigata, a cyber resilience startup, raised $5.9 million from Nexus Venture Partners and other investors. As India’s only full-stack cyber resilience platform, Mitigata integrates cybersecurity, compliance, and insurance. The funds will enhance its AI-backed security tools and expand its services and market presence. Serving over 500 enterprises across 25 sectors, Mitigata plans to establish global security centers and enhance its team, emphasizing cyber risk quantification, 24x7 monitoring, and incident response.
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