CYBERSECURITY STARTUP
Agritech startup Two Brothers Organic Farms raises Rs 58.2 crore from Nithin Kamath’s Rainmatter
Two Brothers Organic Farms, an agritech startup, has raised Rs 58.2 crore in funding led by Nithin Kamath's Rainmatter Foundation. The round also saw participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich.
EU cybersecurity label should not discriminate against Big Tech, European groups say
26 industry groups in Europe warn against discrimination in the proposed cybersecurity certification scheme for cloud services, emphasizing the importance of inclusivity and non-discrimination.
Top startup & tech stories this week
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed them.
Delhi-NCR, Bengaluru have highest demand for entry-level talent : Report
The demand for freshers is highest in Delhi-NCR and Bengaluru, followed by Mumbai, Chennai, and Pune, according to data from foundit. Most job postings for entry-level positions are in the IT and recruitment/staffing industries, with a growing demand seen over the past six months.
Netskope crosses $500 million in subscription revenue, in no rush to go public
Chief executive Sanjay Beri said the company has been making internal preparations for an initial public offering (IPO) but there was no rush in an election year.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
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Company boards are getting younger, but balancing vitality with expertise is key to success
Organisational leadership is evolving with younger individuals joining company boards in the dynamic startup landscape. While they bring fresh perspectives and innovation, challenges arise from limited experience in governance. Diverse boards with a mix of young and experienced members are crucial for informed and adaptable strategies for long-term success.
TIPS 4.0 sparks deeptech innovation: Over 40 deeptech startups garner funding commitments
The 4th National Workshop on Technology Innovation in Cyber-Physical Systems was hosted by the Technology Innovation Hub for IoT & IoE (TIH-IoT) at IIT Bombay.
GenZ Indian-American running for Georgia State Senate raises over USD 280K
Ramaswami, 24, has outraised his incumbent opponent Shawn Still by 22 times in the latest filing period from Feb 1 to April 30. While Ramaswami raised over USD 146,000, his opponent raised only USD 6,400. The two are running for the State Senate in the District 48 of Georgia.
Government holds discussion with fintechs on cybersecurity, digital financial fraud
Government, FinTechs, law enforcement agencies collaborate on addressing cybersecurity, fraud. Workshop discusses registry creation, geotagging transactions, AML system. Topics include digital KYC audits, money mules. Fintech associations, regulators join to address cybersecurity and fraud challenges.
Centre leaning on startups, academia for telecom IPRs
The government has been stressing on becoming self-sufficient in telecom technologies, including both software and hardware, amid geopolitical uncertainties. It can be done by developing the complete ecosystem in the country, officials said, pointing to the focus on research and development, including industry-academia tie-ups.
VC investment in India doubles to $3.2 billion across 354 deals in March quarter: report
Fintech attracted investor attention in the country though marked by smaller deal sizes with key transactions such as SK Finance ($160 million), and Perfios ($80 million).
Israel cybersecurity exit deals jump, funding falters in 2023
Israeli cybersecurity exit deals grew by 65% in 2023 to $7.1 billion, highlighting the sector's resilience amidst global threats. The sector remains a key driver of Israel's economy and innovation, attracting significant investments.
EU drops sovereignty requirements in cybersecurity certification scheme: document
The European Union has struggled to agree to a cybersecurity certification scheme (EUCS) to vouch for the cybersecurity of cloud services and help governments and companies in the bloc to select a secure and trusted vendor for their business.
Cloud security startup Arch0 raises $1.25 million in funding led by Leo Capital
Arch0 raises $1.25M led by Leo Capital with diverse investor participation. Focused on US market, AI development for cloud security. Intends to address cybersecurity challenges in a growing market with increasing automation demand.
C3iHub launches startup cohorts III, IV and V to back cybersecurity firms
C3iHub launched 19 cybersecurity startups, supported 50 across five cohorts, aiming for 20% success. They launch products, scale up, connect with investors, focusing on cyber-physical systems, network security, and more.
Growth comes when government is first buyer, says G20 Sherpa Amitabh Kant
Amitabh Kant underscores learning from Israel's procurement model, advocates for government as first buyer, and promotes women-led development in startups. He emphasizes women's pivotal role in driving India's entrepreneurial landscape and fostering innovation.
Cybersecurity startup Axonius raises $200 million from returning investors
Founded in New York City in 2017, Axonius' software helps IT and security teams manage their IT environments, including devices, users, software and cloud services, so they can mitigate threats and manage security risks.
Govt exploring ways to extend trusted device rules to critical sectors, IoTs: NCSC
The government is exploring ways to expand trusted source norms beyond telecom networks to critical sectors, devices and the IOT ecosystem, a senior government official said on Tuesday. While speaking at an Assocham event on AI, National Cyber Security Coordinator M U Nair said while using artificial intelligence, industry needs to invest in a robust cybersecurity ecosystem for strengthening industrial and commercial ecosystems given India is one of most targeted nations in the cyber security domain.
Bugcrowd raises $102 million from General Catalyst, others
General Catalyst led the funding round, with participation from existing investors Rally Ventures and Costanoa Ventures. The company, which was founded in Australia in 2012 but is now headquartered in both San Francisco and Sydney, declined to disclose its valuation.
ETtech Deals Digest: Startup funding nearly doubles to $94 million this week
The most significant amount of capital raised in the week was in early-stage funding, at about $67 million, accounting for 71.4% of the overall deal value. This was followed by $15 million in the late stage, commanding 16%.
Cybersecurity firm ClearTrust raises $1.9 million in funding led by Ideaspring Capital, others
With the fresh funding, ClearTrust plans to expand its operations into North America and further invest in research and development in AI, cybersecurity, and deeptech to develop critical filters that will help detect advertising frauds that have become one of the biggest threats to the advertising industry lately.
Regulatory sandbox, indigenous security ecosystem in MeitY plan
These policy changes will be in line with the 10-year roadmap for various aspects of cryptography, quantum technologies, cyber forensics research and development, and mobile and IoT device security prepared by the ministry of electronics and information technology.
US-based firm SentinelOne acquires Bengaluru cybersecurity startup PingSafe
The Mountain View-headquartered company in a statement said it will acquire PingSafe for a combination of cash and stock and that the acquisition is expected to conclude in SentinelOne’s first quarter of fiscal year 2025.
Cybersecurity sector was not immune from job losses in 2023
As tech layoffs are set to continue unabated in 2024, the cybersecurity industry was not immune from job losses and more than 110 cybersecurity companies fired thousands of employees in 2023.
ETtech Deals Digest: Weekly funding up on year at $167 million, but dips sequentially
In the comparable week in 2022, startups had raised $133 million across 21 funding rounds. The deals this week averaged about $11.13 million per deal, versus $6.33 million per deal in 2022.
Cybersecurity firm Sequretek raises $8 million funding led by Omidyar Network India
The funds will be used to scale its global operations and go-to-market strategies, the company said, in addition to pushing higher adoption of its solutions. They will also be used to increase market share and profitability in the small and medium businesses (SMB) segment.
War with Hamas threatens funding recovery in Israel's vital tech industry
Israel, one of the world's most innovative high-tech economies, relies on the sector for 14% of its workforce and nearly a fifth of its overall economic output. It has weathered decades of turmoil and is ultimately expected to see investment return once the conflict ends and fundraising globally recovers, they added.
Web3 cybersecurity startup Zyber 365 raises $100 million in funding from SRAM & MRAM Group
Founded by Pearl Kapur and ethical hacker Sunny Vaghela, Zyber 365 offers a decentralised and cyber-secured operating system, which adheres to the fundamental principles of environmental sustainability.
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