Author: lakshmanan

Freshworks, the renowned Software-as-a-Service (SaaS) company, has announced the appointment of Murali Swaminathan as its new Chief Technology Officer (CTO). The announcement marks a significant addition to Freshworks’ leadership team, bringing in Swaminathan’s extensive experience in technology and innovation. This move is anticipated to accelerate the company’s growth trajectory and strengthen its technological infrastructure.Murali Swaminathan’s Extensive ExperienceMurali Swaminathan joins Freshworks with a rich background in the technology sector, particularly in enterprise software.ServiceNow Experience: Swaminathan previously held a senior leadership position at ServiceNow, where he was instrumental in driving the company’s product and technology strategy. His tenure at ServiceNow, a leader in…

Samsung Medison, a leading global medical equipment company, has successfully completed its acquisition of Sonio SAS, a French AI startup specializing in ultrasound technology. This acquisition, which received the green light from the French Ministry, marks a significant milestone in Samsung Medison’s strategic expansion into AI-driven healthcare solutions. The integration of Sonio’s advanced AI capabilities into Samsung’s portfolio is expected to enhance the quality and efficiency of medical imaging, particularly in prenatal care.A Strategic Move in AI-Driven HealthcareSamsung Medison’s acquisition of Sonio is a strategic step towards strengthening its position in the rapidly evolving field of AI healthcare technologies.Advanced AI…

Canva, the popular online design platform, has recently announced a significant price hike for its Teams product, sparking widespread concern and backlash from its user base. The subscription cost for Canva Teams has reportedly increased by as much as 300%, with the company citing the integration of advanced AI features as the primary reason for this drastic change. This decision has left many users questioning whether the new features justify the steep increase in price.The Price Hike: A 300% SurgeCanva’s Teams product, which is widely used by businesses and organizations for collaborative design projects, has seen a substantial surge in…

AI-powered work assistant startup Glean has raised $260 million in a Series E funding round, propelling its valuation to $4.6 billion. Known for its cutting-edge AI search capabilities, Glean aims to revolutionize workplace productivity by acting as the “Google for Work.” The funding round, led by Altimeter Capital and DST Global, signals a growing appetite for AI-driven platforms designed to streamline business operations.Glean’s Vision: A “Google for Work”Glean is positioning itself as the go-to tool for enterprise search, enabling employees to find information across emails, documents, and apps efficiently. This innovative platform utilizes AI and machine learning to enhance workplace…

Tamil Nadu has become a powerhouse in India’s growing DeepTech sector, leading the nation in patent filings, thanks to a strong ecosystem of research and government support. The state has surpassed Maharashtra with 9.3% of total patents filed in FY23, reflecting a growing trend toward innovation-led development.Key Trends and DevelopmentsPatent Growth Driven by DeepTechTamil Nadu’s DeepTech sector, particularly in AI and healthcare, is driving the surge in patent filings. In FY23 alone, over 83,000 patents were filed in India, with Tamil Nadu accounting for a significant portion of these. The state’s success is fueled by subsidies for intellectual property (IP)…

The space tech sector is experiencing a groundbreaking evolution, driven by rapid technological advancements, significant investments, and an expanding range of applications from satellite technology to space tourism. As private companies and government agencies push the boundaries of what’s possible, the sector is poised for a transformative era. Vaanam, India’s first private space tech accelerator, is at the forefront of nurturing startups that are reshaping this dynamic industry.Key Trends and Developments1. Emergence of Private Space AcceleratorsPrivate space accelerators like Vaanam are becoming crucial in advancing the space tech industry. Vaanam’s unique position as a startup ecosystem dedicated to space innovation…

Ather Energy, one of India’s leading electric vehicle (EV) startups, is set to raise $370 million through an Initial Public Offering (IPO). The company, known for its innovative electric two-wheelers, is looking to expand its manufacturing capabilities and increase its market share in the burgeoning EV sector in India. This IPO comes at a critical time for Ather, as it seeks to capitalize on the growing demand for electric mobility.Ather’s Journey: Pioneering Electric Mobility in IndiaFounded in 2013, Ather Energy has become a prominent player in India’s electric mobility landscape, thanks to its range of electric scooters. The company’s flagship…

CoinDCX, one of India’s leading cryptocurrency exchanges, has appointed Prashant Verma as the Chief Growth and Marketing Officer (CGMO) of DCX Group. Verma’s new role marks a strategic move by CoinDCX to further accelerate its growth trajectory and expand its market footprint in the ever-evolving crypto industry.Prashant Verma’s Extensive Marketing ExpertiseWith over two decades of experience in driving growth and marketing strategies across diverse industries, Prashant Verma is well-equipped to lead CoinDCX’s marketing and growth efforts. His previous stints at prominent firms have seen him successfully navigate competitive markets and drive consumer engagement through innovative strategies.Verma has built a strong…

The National Highway for Electric Vehicles (NHEV) has commenced its third EV tech trial on the Chennai–Trichy highway, marking a significant step in upgrading Tamil Nadu’s highways into electric corridors. The trial is part of NHEV’s broader mission to modernize India’s highway infrastructure, supporting the growing adoption of electric vehicles (EVs) and reducing carbon emissions.Transforming Tamil Nadu’s Highways into E-HighwaysThis trial marks the beginning of efforts to upgrade five key highways in Tamil Nadu, including the Chennai–Trichy route, into electric highways. These trials, which are part of NHEV’s larger initiative to build a robust EV infrastructure, will assess the viability…

Pylon, a promising B2B tech startup focused on revolutionizing customer service, has successfully raised $17 million in a Series A funding round. The investment was led by the prominent venture capital firm Andreessen Horowitz, with participation from several other notable investors. This funding round is set to accelerate Pylon’s growth as it aims to build a full-service B2B customer service platform.Details of the Funding Round: The $17 million Series A round marks a significant milestone for Pylon, providing the necessary capital to advance its mission of transforming the B2B customer service landscape. Andreessen Horowitz, known for backing innovative tech companies, took…