It’s a wrap: News this week (April 1 — April 5)

There have been multiple developments this week on the tech front. From Zand Bank-Infosys partnership to NetApp’s accelerator program, this is the list of the most important developments for a quick catch-up:

SiMa.ai raises fund

Software and machine learning chip design company SiMa.ai raised $70 million in an extended Series B funding round. With the new round led by Maverick Capital, along with Point72, Jericho, and others, the total funding raised by the company now stands at $270 million. The company also unveiled the second generation of its Machine Learning System-on-Chip (MLSoC) platform along with the fund-raising announcement. 

Zand Bank partners with Infosys Finacle

UAE’s digital-only Zand Bank has selected Infosys Finacle Solutions for enhancing customer-centric banking services. Infosys Finacle Solutions which is a part of Infosys’ EdgeVerve Systems, will offer its advanced cloud-native banking solutions on Microsoft Azure along with other AI and predictive analytics solutions. 

Mphasis-AWS partner

Bangalore-headquartered IT solutions provider Mphasis on Friday announced a multi-year collaboration agreement with cloud major Amazon Web Services (AWS) to establish the Gen AI Foundry, a business unit, led by Mphasis.AI, focusing on artificial intelligence (AI) solutions, AI use case assessments, consulting, and business transformation.

US, UK announce agreement on AI

The United States and Britain on Monday announced a new partnership on artificial intelligence in the backdrop of growing concerns around the technology.

Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington to jointly develop advanced AI model testing, following commitments announced at an AI Safety Summit in Bletchley Park in November.

NetApp’s startup cohort graduates

Data infrastructure company NetApp, on Thursday, announced the graduation of five deep tech startups from the 12th cohort of its flagship accelerator program, NetApp Excellerator — NEMA AI, Zeron, Chaos Genius, Kensu, and Blockfenders. These startups work in diverse fields such as data management, neuroscience, and AI-based consumer insights.  Three out of five graduating startups received mentorship through NetApp ExcellerateHER, an initiative of the NetApp Excellerator program aimed at women-led startups. 

WebEngage aqui-hires data scientists from Propellor.ai

WebEngage, a full stack Retention Operating System, today announced acqui-hiring of data scientists from Propellor.ai. Acqui-hiring is the process of acquiring a company for hiring its employees This strategic move is aimed at leveraging the billions of data points in the WebEngage CDP to enable clients with comprehensive verticalised analytics and AI-driven solutions such as predictive segmentation, recommendations, and persona-building.