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DynamoFL on Wednesday announced that it has closed a USD 15.1-million funding round. Nexus Venture Partners and Canapi Ventures led the latest round, which also saw participation from other investors, the company said in a release. "The round, co-led by Nexus Venture Partners and Canapi Ventures, also had participation from Formus Capital, Soma Capital, and angel investors Vojtech Jina, Apple's privacy-preserving machine learning (ML) lead, Tolga Erbay, Head of Governance, Risk and Compliance at Dropbox and Charu Jangid, product leader at Snowflake, to name a few," the release said. The release said that DynamoFL has closed a USD 15.1 million 'series A' funding round to meet demand for its privacy- and compliance-focused generative AI solutions. The funding will primarily be used to scale up DynamoFL's team of machine learning scientists and privacy experts to continue to grow DynamoFL's technology moat in privacy-preserving generative AI. The company's flagship technology, which
BRS leader K Kavitha Tuesday said she has submitted the phones used by her so far to the Enforcement Directorate (ED) as she appeared for questioning before the agency in the Delhi excise policy linked money laundering case. In a letter to the ED, the 44-year-old MLC daughter of Telangana Chief Minister K Chandrashekar Rao, said "These phones are submitted without prejudice to my right and contentions and larger contentions whether a woman's phone can be intruded, in the teeth of her right to privacy". Before she entered the agency office, Kavitha flashed some mobile phones kept in a transparent sheet, and said she was going to submit them to the ED. Referring to the agency's allegation in its first charge sheet filed in this case last year that Kavitha was using at least two mobile numbers whose IMEI changed 10 times, Kavitha said, "It is baffling to note as to how, why and under what such circumstances agency made such allegations when I was not even summoned or asked any question