Author: N V Vijayakumar

India’s first bamboo sneaker brand will use the capital to fuel 5x growth in the next 12-15 months Online footwear brand Flatheads, designing all-day sneakers with natural fibres, raised an undisclosed amount in growth funding from eCommerce investment marketplace GetVantage this week to supercharge growth. Flatheads began its journey just before the global pandemic and managed to grow 5x in the past year despite the headwinds. The strategic capital infusion powered by GetVantage’s data-driven model that tracks live performance will be used to fuel expansion and grow revenues. Flatheads Co-Founder & CEO Utkarsh Biradar said the company is excited to…

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Bangalore-based HealthTech startup Niramai also supported in developing new AI-driven platform that will facilitate early-Covid interventions over Whatsapp Indian Institute of Science (IISc) and the Department of Science & Technology (DST) supported not-for-profit foundation ARTPARK (AI & Robotics Technology Park) along with Bangalore-based HealthTech startup Niramai has developed a solution called XraySetu that can screen chest X-ray and help in early detection of Covid-19. The new AI-driven platform XraySetu will now help early intervention through rapid screening of Covid-19 with the help of Chest X-ray interpretation over WhatsApp for doctors who have access to X-ray machines. The solution can work…

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Volume ramp of memory and storage portfolio additions power innovation across data center, intelligent vehicles and consumer devices Micron Technology, Inc unveiled memory and storage innovations across its portfolio based on its industry-leading 176-layer NAND and 1α (1-alpha) DRAM technology, as well as the industry’s first Universal Flash Storage (UFS) 3.1 solution for automotive applications. The new portfolio additions deliver on the company’s vision of accelerating data-driven insights through innovations in memory and storage that enable new capabilities from the data center to the intelligent edge. Micron President and CEO Sanjay Mehrotra made the announcements during a Computex keynote, in…

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Cloudera, leading Hadoop startups that acquired HortonWorks, went private as private equity firms KKR and Clayton, Dubilier & Rice announced their plan to purchase Cloudera for $5.3 billion. The company has a market cap of around $3.7 billion. As modern technologies like data lakes started replacing Hadoop in the big data analytics space, Cloud era lost its market edge. The company also realised the gaining momentum of cloud players and its ecosystem partners. The transaction that is finalised now gives a premium of 24% for shareholders at $16 a share. As per the market opening statistics, Cloudera stock was trading…

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New Delhi, NFAPost: Reeling under Covid-19 pandemic, India’s gross domestic product (GDP) grew at 1.6% in the fourth quarter ending March of the fiscal year 2020-21, states. But the economy contracted 7.3% for the entire fiscal year, showed the National Statistical Office data released on Monday. According to analysts, this is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2%. This is also the second straight quarter of expansion since India exited a rare recession. India’s GDP figures showed growth at 3% in Q4 of FY20, while growth…

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Industry’s most generous free tier gives developers four Ampere A1 cores and 24 GB Always Free to build Arm-based apps on Oracle Cloud Infrastructure OCI Ampere A1 platform supported by investments in leading open source projects porting to Arm for efficiency and price-performance Bengaluru, NFAPost: Oracle Cloud Infrastructure (OCI) recently unlocked the power of arm-based processors by launching Ampere Altra A1 Compute Platform making deep impact among enterprise clients and developers. According to Arvian Research, OCI launch of Ampere Altra A1 Compute Platform is a disruptive moement in computing history. “The platform provides the industry’s first 80-core Arm server at…

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Bengaluru, NFAPost: Defence Research and Development Organisation (DRDO) has established the near isothermal forging technology to produce all the five stages of high-pressure compressors (HPC) discs out of difficult-to-deform titanium alloy using its unique 2000 MT isothermal forge press. The technology has been developed by the Defence Metallurgical Research Laboratory (DMRL), a premier metallurgical laboratory of DRDO at Hyderabad. This is a crucial technology for establishing self-reliance in aero-engine technology. With this development, India has joined the league of limited global engine developers to have the manufacturing capabilities of such critical aero-engine components. To meet the bulk production requirements, DMRL…

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Funds will drive user base growth, product development & scaling of market linkage capabilities New Delhi: FarMart, a mobile-based agritech platform, raised $2.4 million in a pre-series A funding round led by Omidyar Network India and Avaana Capital. Existing investors Indian Angel Network and LetsVenture also participated. The company will focus on product development, user base expansion and scaling its market linkage capabilities. FarMart, founded by Alekh Sanghera and Mehtab Singh Hans, operates India’s first micro-SaaS-led agritech platform. The platform helps agri-retailers serve farmers better by providing them with access to information, market linkages and input. FarMart aims to make…

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New data cloud technologies provide an intelligent fabric across data lakes, data warehouses, and databases providing real-time insights powered by machine learning Google Cloud announced three new solutions across their database and data analytics portfolio to provide organisations with a unified data platform during the Data Cloud Summit 2021. With the preview availability of Dataplex, Analytics Hub and Datastream, organisations can break free from data silos to securely predict business outcomes, empower users, and make informed, real-time decisions in today’s dynamic digital environment. Google Cloud Vice President and General Manager, Databases, Data Analytics and Looker, Gerrit Kazmaier said a recent…

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Phalada Agro Research Foundations (PARF) Pvt Ltd, a collective of organic farmers started by C M N Shastry in 1991, exported a consignment of 10.20 metric ton (MT) of value-added products of organically certified gluten-free jackfruit powder and retort-packed jackfruit cubes to Germany. According to PARF Founder and Chairman C M N Shastry the products were processed at the Agricultural and Processed Food Products Export Development Authority (APEDA) assisted packhouse owned by the company. “We sourced jackfruit from organic farmers in various parts of Karnataka and processed at our packhouse as per international standards. Our farmers have gone through the…

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