Page 18 - Tech Companies

OutSystems raises $150 mn investment, valuation rises to $9.5 billion

Tech firm OutSystems on Wednesday said it has raised USD 150 million (about Rs 1,092 crore) capital, co-led by Abdiel Capital and Tiger Global, valuing the company at USD 9.5 billion. The funding will be used to expand investments in its R&D and GTM (go-to-market) strategy, a statement said. Founded in Portugal in 2001, OutSystems' modern application platform tools help developers rapidly build and deploy a full range of applications. The company has more than 3.5 lakh community members, over 1,300 employees, 350 partners (including AWS, Deloitte and Infosys), and thousands of active customers in 87 countries and across 22 industries. Developers are a scarce resource in business today, and the complexities of traditional software development exacerbate the challenges most organisations face when tackling their digital transformation agenda, OutSystems founder and CEO Paulo Rosado said. "By fundamentally changing the way software is built, OutSystems makes it possible for every ...

HCL Tech announces one-time special bonus worth Rs 650 cr for employees

Th company had crossed the $10 billion mark in calendar year 2020, delivering a year-on-year growth of 3.6%

Google Cloud appoints Bikram Bedi as new leader for its India business

Bedi joins Google Cloud from SoftBank-backed online grocery startup Grofers, where he served as president for strategy and new initiatives

38% Indian women working in tech industry prefer working from home: Survey

Almost 38 per cent Indian women working in a tech or IT industry prefer working at home to working in the office, says a new survey

Twitter without Donald Trump tumbles along with other tech shares

Shares of social media and other tech companies slid on Monday, hit by fallout from the siege on the US Capitol by supporters of President Donald Trump

Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic

Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems

America can't retain supremacy against Chinese tech by walling itself off

As China approaches technological parity with the U.S. in a variety of high-value industries, the U.S. has acted to maintain supremacy

Big Tech's big worries: Why are govts everywhere out to de-fang FAANG?

So far, there seems to be limited debate about their activities in India, where virtually all FAANG companies have teamed up in different ways with India's most powerful businessman, writes T N Ninan

UK creates new digital regulator to impose code of conduct on tech giants

Global tech giants will be subject to a new regime under the UK's Digital Markets Unit to give people more choice and control over their data

Google India posts 35% jump in full-year revenue, profit climbs 24%

Total expenses rose 30.4 per cent in the same period

Siemens Sept quarter profit slips 5% to Rs 333 cr on higher expenses

The company's board recommended a dividend payment of Rs 7 per equity share of Rs 2 each.

Time for tech solutions designed in India, but deployed for world: PM Modi

PM Narendra Modi said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information era

Tech firms' services could face ban if they breach EU rules: Industry chief

The new draft rules come as critics of U.S. tech giants, which include companies and industry bodies, question the EU's rulings against Alphabet unit Google

Singapore makes move to attract top global tech talent, announces new visa

The two-year visa isn't designed for mid-tier tech workers who might compete with locals for jobs

Big tech companies show resilience to Covid-19 pandemic, politics

Combined sale leapt 18% YoY, 4% higher than expected

India set to become global AI hub through tech-based skilling: PM Modi

E-courses will be developed in regional languages and dialects, NLP-based technology will be used to reskill youth

Palantir Technologies slips 5% on first day after long-awaited listing

Palantir ended the day with a market capitalization of about $15.7 billion based on its listed shares

3one4 Capital launches $100 million fund to back early-stage start-ups

Fund will be invested in about 30 start-ups in areas such as health, machine-driven intelligent services, edtech, agritech, and logistics with an average ticket size between $500,000 and $4 million

Apple hits $2 trn market valuation, but the next trillion won't come easy

With its shares up roughly 60 per cent this year, Apple is among the Big Tech winners that have benefited from a safety premium

SoftBank bets $3.9 Billion on tech companies including Amazon, Tesla

The Japanese conglomerate owned $1.04 billion of Amazon stock, its biggest investment, a $475 million stake in Alphabet, $248.6 million of Adobe and $189 million of Netflix