Databricks to buy Generative AI platform MosaicML for USD 1.3 Bn

Partnerships
Checkmarx, Brinqa announce application security partnership
The integration includes Brinqa’s Attack Surface Intelligence Platform for risk prioritization, automation, and reporting capabilities. The joint solution offers SAST and DAST for comprehensive application security. Read More>>
Agri Ministry signs MoU with Pixxel Space to develop geospatial solutions
The collaboration aims to provide crop risk management solutions using hyperspectral data and suitable methodologies. Read More>>
SAP partners with Circle to explore cross-border payment systems using USDC stablecoin
The collaboration aims to address complexities in international money transfers and showcase the potential of digital currency with SAP Digital Currency Hub. Read More>>

Deals
NHS England awards new contract to Palantir
NHS England has awarded Palantir Technologies a one-year contract worth nearly USD 31.7 million to transition from Palantir Foundry to a new data platform. The contract supports the safe transition and exit to the new supplier for the federated data platform. Read More>>
Commonwealth of Massachusetts selects Catalis for Statewide Payments Solutions
The agreement expands Catalis’ reach to any government entity in Massachusetts and solidifies its position as a leading government payment solutions provider. Read More>>

Merger and Acquisition
Databricks to buy Generative AI platform MosaicML for USD 1.3 Bn
The acquisition aims to bring generative AI accessibility to all organizations. Databricks expands its capabilities in the field of artificial intelligence. Read More>>

Executive Movement
GitLab appoints Erin Mannix as Chief Accounting Officer
Mannix brings extensive experience from her previous roles as Chief Accounting Officer at Unisys and positions at FIS, Laureate Education, and Integral Systems, Inc. She holds a CPA certification and degrees from Villanova University. Read More>>

Product Launch
GoTo introduces its Mobile Device Management Solution for GoTo Resolve
The MDM enables secure management of company-owned and personal devices from a single platform. It emphasizes the significance of mobile devices for business productivity. Read More>>

Partnership
Lumio and Canva for education announce all-new integration to bring immersive digital learning to life
The integration will allow educators to create interactive lessons by importing Canva materials. Teachers gain access to libraries of templates and infographics from both platforms. The integration enhances collaborative learning experiences for students. Read More>>

Centre Setup and Expansion
ChatGPT developer OpenAI chooses London for its first international office
The London office will focus on research and development to advance OpenAI’s mission of benefiting humanity with artificial general intelligence. Read More>>
Crypto.com to set up Global Innovation Lab for Blockchain, WEB3.0, and AI projects
The lab will collaborate with strategic partners, organize hackathons, and establish a dedicated team. This move solidifies Singapore’s position as a global hub for digital innovation. Read More>>

Merger and Acquisition
Meituan completes acquisition of 100% Equity of Guangnian Zhiwai for USD 286 Mn
The acquisition strengthens Meituan’s competitiveness in the AI industry by obtaining leading Artificial General Intelligence (AGI) technology and talent. Read More>>

Product Launch
ByteDance introduces the Large Language Model platform
The new platform features AI models from seven startups and research institutions, including Zhispect AI and MiniMax, available for sale to the public. The platform aims to capitalize on AI model development opportunities and leverage ByteDance’s GPU reserves to help startups with training and sales. Read More>>

Digital Experience

• Splunk is keen on enhancing the digital experience by leveraging real-time insights to boost demand, secure transaction processing, and enable critical field operations.  
• It provides digital observability solutions to enable application resource management, improve infrastructure utilization, and optimize public cloud costs for customers.

• Splunk strengthens cloud-delivered SOC solutions to proactively detect and mitigate business-impacting issues.
• By leveraging machine learning and threat intelligence tools, Splunk focuses on automating security operations, accelerating detection, investigation, and response to combat online fraud.

Cloud Security Solutions

• Splunk intends on cloud-based cybersecurity that utilizes AI, 5G, blockchain, automation, and machine learning technologies to enforce data security in the cloud and protect against real-time attacks across IT networks such as emails, webpages, and third-party apps.        
• Service providers with rich expertise in Cloud Security Solutions would be the deal winners.

Braindesk Report Link

Key Funding Alert

Cart.com raises USD 60 Mn in Series C, valuing it at USD 1.2 Bn
B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight, and others invested in the round. The funds will be used to meet enterprise and B2B demand, expand internationally, and improve product development across its software portfolio. Read More>>

Startup Spotlight

Company – Snowplow Analytics
Total Funding – USD 55.15 Mn
About: Snowplow is an enterprise-strength event analytics platform. It Identifies its users and tracks the way they engage with the website or application. The platform enables them to join their web analytics and other snowplow event data with 3rd party data sources. Read More>>

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