One Thing Today in Tech
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VerSe raises $805 mln; Twitter begins testing edit button; Charles Darwin's stolen notebooks returned
VerSe Innovation, a local language technology platform company in Bangalore, has raised $805 million in funding, taking the total capital raised in the past year to about $1.5 billion. Twitter has begun testing an edit button allowing users to alter published tweets. Plus, two stolen notebooks belonging to Charles Darwin have been returned
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Mindtree invests in COPE Health; PhonePe plans to fill 2,800 jobs to double strength; Speciale closes second fund at $38 mln
Mindtree has made a strategic investment in COPE Health Solutions, a US-based healthcare consulting, implementation, and co-management services provider, which expands its payer and provider footprint in America. PhonePe plans to double its workforce and has a raft of vacancies to fill. Plus, deep tech VC firm Speciale Invest has closed its second fund in four years at $38 million
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Pixxel launches Shakuntala (TD-2) via SpaceX; Infosys Q4 results on April 13; Atlassian Ventures to ramp up SaaS investments
Pixxel, a space-technology startup in Bengaluru, has launched its first commercial imaging satellite to space. The company launched its first full-fledged commercial satellite, named Shakuntala (Technology Demonstrator-2) onboard a SpaceX Falcon-9 rocket on April 1. Infosys to report Q4FY22 results on April 13 amid heightened expectations after Accenture results last month. Plus, Atlassian Ventures plans to expand its SaaS startup investments, including in India
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Crypto heist empties $625 mln; Scientists build ML model to reduce soil poisoning; Citymall, Classplus, Lambdatest, Cloaked raise funding
Roughly $625 million worth of cryptocurrency has been stolen from Ronin, the blockchain underlying the popular crypto game Axie Infinity, The Verge reports. A research team at Korea University has developed a software program that uses machine learning to determine the best way to treat soil with biochar, or thermally decomposed biowaste, to trap heavy metals. Plus, a raft of funding news
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Apple to cut new iPhone SE production; HCL Tech lands Novo Nordisk contract; Chalo acquires Vogo
Apple plans to make about 20 percent fewer iPhone SEs next quarter than originally planned, in one of the first signs that the Ukraine war and looming inflation have started to dent consumer electronics demand, Nikkei Asia reports. HCL Technologies has been selected to provide global service desk and on-site support to Danish pharma company Novo Nordisk. Plus, Chalo, a bus-ride app provider, has acquired Vogo, a bike-rental provider
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Elon Musk says beware of 'AI going wrong'; Apple paid select engineering bonuses; Bharat Founders Fund launched
Elon Musk, the billionaire founder of Tesla and SpaceX, ranked "artificial intelligence going wrong" as one of the top three "existential threats" to humanity, Insider reports. The European Space Agency is funding a project called Camaliot to conduct scientific experiments on big data, collected from GPS receivers including smartphones. Plus, several Indian founders have banded up to start a pre-seed-stage fund
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BEL, AAI to indigenise air traffic systems; IBM to bring STEM training to 12,000 Nagaland girls; Netcore acquires Unbxd
Bharat Electronics and Airports Authority of India have entered into an agreement for the joint, indigenous development of systems for air traffic management and surface movement of aircraft at airports in the country, which were hitherto being imported. IBM has announced a collaboration with the Department of School Education, in the northeastern state of Nagaland, to introduce the IBM STEM for Girls programme
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Okta cyberattack may have affected hundreds of clients; Oxyzo raises $200 mln; Kiran Mazumdar-Shaw elected to RSE
A cyberattack in January on Okta, a company that provides network access to its customers, may have been more severe than it originally thought, BBC reports. Oxyzo Financial Services, a tech-enabled smart financing solution provider, has raised $200 million in Series A funding. Plus, Kiran Mazumdar Shaw has been named to Scotland's Royal Society of Edinburgh
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Alphabet's quantum unit becomes separate company; Apple has another outage; Mfine brings blood pressure monitoring to app
Google's parent Alphabet's quantum technology unit, Sandbox, is spinning off into an independent company, the company said yesterday, CNBC reports. A few of Apple's services experienced another outage yesterday, just one day after various services and online infrastructure went offline on Monday, The Verge reports. Plus, Mfine has added blood pressure and glucose monitoring features to its mobile app
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Infosys only Indian co in Ethisphere 2022 list; crypto startups dismayed over tax clarification; CommerceIQ turns unicorn
Infosys has been recognised as one of athe World's Most Ethical Companies for 2022, the second year in a row, by Ethisphere Institute, which works in the area of defining and advancing the standards of ethical business practices. A clarification on disallowing offset of loss against profit in crypto transactions in India has caused much consternation among startups, TechCrunch reports. Plus, ecommerce automation SaaS company CommerceIQ turns unicorn
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Reliance Retail buys Clovia; Sarah and Ajit Isaac fund new IISc centre; Cricketer Mahela Jayawardene co-founds cloud-sec startup
Reliance Retail, part of the Reliance Industries conglomerate, is acquiring an 89 percent stake in direct-to-consumer brand Clovia for $125 million. Indian Institute of Science has entered into an MoU with Ajit Isaac, founder and chairman of Quess Corp, and his wife Sarah Isaac, for establishing a Centre for Public Health at the IISc campus. Plus, Sri Lankan Cricketer Mahela Jayawardene co-founds a cyber security venture