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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
The Federal Trade Commission is investigating Elon Musk's mass layoffs at Twitter and trying to obtain his internal communications as part of ongoing oversight into the social media company's privacy and cybersecurity practices, according to documents described in a congressional report. The FTC has been watching the company for years since Twitter agreed to a 2011 consent order alleging serious data security lapses. But the agency's concerns spiked with the tumult that followed Musk's Oct. 27 takeover of the company. The Republican-led House Judiciary Committee published excerpts from the FTC's letters Tuesday as part of a report alleging that the agency was overreaching to harass Elon Musk's Twitter." The House said the requests amounted to a deluge of "demands about its personnel decisions in each of the company's departments, every internal communication relating to Elon Musk and even Twitter's interactions with journalists" who Musk's team allowed to see certain employee email
Chief Economic Advisor V Anantha Nageswaran on Friday said that implementation of certain regulations by regulators could perpetuate existing market dominance as he cited the data and privacy norms in the technology space. Delivering the keynote address at a conference organised by the Competition Commission of India (CCI), he emphasised that while competition drives innovation, there is also a distinction between competition and free markets. He pointed out that competition agencies must be mindful of the unintended consequences of their actions. "In the technology space, regulators implement data and privacy norms that guarantee users complete access to their data. In such situations, users can end up chasing only the large players since they place a great degree of trust in them. This will ultimately lead to loss of competition across similar platforms, concentrating power in the hands of few. "What we do with good intent, with public good in mind, can actually end up perpetuati