NEWS & EVENT
NBA All Star and forward for the Golden State Warriors, Kevin Durant expands his foray into startups through an investment in the technology venture capital firm CerraCap Ventures. “Kevin is excited about the strategic approach and commitment of the CerraCap management team,” states MBAF Principal and key advisor Kashyap Bakhai. “The team has demonstrated their ability to identify and grow path breaking companies.”
Prior to founding Fortscale, Idan Tendler served as an officer and commander in the Israeli’s leading technology Intelligence Corps, Unit 8200. Later he initiated, built and led the Cyber Security Business Group of Elbit Systems, Israel’s leading defense integrator. This group became the leading growth engine of Elbit Systems and managed major Cyber Security and Warfare technological projects in Israel and abroad.
Vikas Datt has over 15 years of cross functional experience in leading digital strategy, business transformation, business planning, analytics, and technology projects. He has held senior positions at a leading IT services company and one of the largest private life insurance companies.
An Interview with Saurabh Ranjan, Founder and Managing Partner, and Saurabh Suri, Managing Partner, CerraCap Ventures
Saurabh Ranjan previously served as Operating Officer at UST Global. He was responsible for Operations, Marketing, and Strategic M&A. Earlier, he spent more than 12 years working for large IT product and service organizations like Cadence, Keane, and Covansys. Most recently, Saurabh Suri served as Vice President for Emerging Solutions, Innovation, and Investment at UST Global. Prior to joining UST, he worked in the U.K. with various IT and financial institutions and also ran a consultancy start-up. Suri has a degree in Neuro-computation and a research background in High Performance Computing from the U.K.
Deep learning is a powerful type of machine learning that is providing solutions in science, industry, healthcare, commerce and more. Google GOOGL +0.05% has applied deep learning in many domains including search (RankBrain), synthesized speech (WaveNet) and defeating a world-class Go player (AlphaGo). Deep learning networks are producing actionable results in cyber security (Deep Instinct), the accuracy of medical diagnoses (Enlitic), and emotion identification from webcam Images. (Affectiva). The list could go on and on. As powerful as deep learning applications already are, they are poised to become even more so thanks to a recent technological innovation developed by Fujitsu Laboratories.
Media group NDTV announced its foray into online wedding market space with its new venture Special Occasion Ltd, which has raised an undisclosed sum from US-based CerraCap Ventures.
The fund raising puts the valuation of Special Occasion at USD 20 million, NDTV said in a statement. The group has appointed Sachin Singhal as a CEO of Special Occasion, in which Baseline -- a sports marketing, entertainment and licensing firm, is also in the process for investment. Commenting on the development, NDTV Group CEO NDTV Vikram Chandra said: "Weddings' is yet another business where we already have a high brand recall through our marquee shows in the wedding space. We are confident that with CerraCap's investments, we will be able to roll the latest of the NDTV ecommerce ventures, successfully."
Earlier this year, Deep Instinct was selected out of hundreds of AI and deep learning startups to compete in the NVIDIA's Inception AI startup competition to find the best AI startups. The Inception Awards ceremony took place Wednesday in Silicon Valley at the GPU Technology Conference, the premiere AI event with more than 7,000 industry leaders, media, and investors in attendance.
Naveen Jain is the founder of several successful companies including Moon Express, BlueDot, Viome, Intelius, Talent Wise, and InfoSpace. He is a trustee of the X PRIZE Foundation where he is focused on finding entrepreneurial solutions to address the global challenges in health, education, women empowerment, agriculture, and energy.
An Interview with Guy Caspi, Chief Executive Officer, Deep Instinct, and Chief Executive Officer, Fifth Dimension
Guy Caspi is a leading mathematician and a data scientist global expert. He has 15 years of extensive experience in applying mathematics and machine learning in a technology elite unit of the Israel Defense Forces (IDF), financial institutions, and intelligence organizations around the world. Caspi holds B.Sc., M.Sc., and M.B.A. degrees in Mathematics, Machine Learning, and Business from leading universities in Israel and the U.S.
After many months of review and judged by leading independent information security experts, Cyber Defense Magazine is pleased to have selected Deep Instinct as a winner for their anti-malware solutions.
“We’re thrilled to recognize next-generation innovation in the information security marketplace and that’s why Deep Instinct has earned this award from Cyber Defense Magazine. Some of the best INFOSEC defenses come from these kinds of forward thinking players who think outside of the box,” said Pierluigi Paganini, Editor-in-Chief, Cyber Defense Magazine.
Fortscale has been recognized as a notable vendor in Gartner’s Market Guide for User Behavior Analytics. According to Gartner, the Market Guide is a tool for security managers to understand the capabilities vendors must have to provide strong results in detecting insider threats and targeted attacks that leverage hijacked user credentials. Fortscale was among a select group of startups hailed for their innovation in targeting insider threats through behavior analytics. “Combatting insider threats remains a top priority at Fortscale as they continue to plague enterprise security teams with new and difficult challenges,” said Idan Tendler, CEO & Co-Founder of Fortscale. “Through our solution, we are making security teams analytics savvy and helping them combat these malicious attacks through User Intelligence before serious damage can occur. To be recognized in the Gartner Market Guide for User Behavior Analytics is validation of our ongoing efforts.”
BlueDot, the “innovation factory” founded by serial tech entrepreneur Naveen Jain, says it has completed a $10.1 million Series A funding round with an assist from the likes of XPRIZE founder Peter Diamandis. Jain told GeekWire that Diamandis’ breakthrough investment fund, Bold Capital Partners, is among the participants in the round.
“If you can find a technology that can help a billion people, there’s no doubt in my mind that you can create a $10 billion company,” Jain told GeekWire in April as the funding round was proceeding.
Jain has said that BlueDot’s first technological targets would be device-charging systems that harvest ambient energy, and non-invasive medical devices that can detect pathogens.