Qualcomm partners with Google Cloud to leverage AI models & reduce manual workloads

Key Signals in Enterprise Software

Centre Setup and Expansion
Microsoft builds new green data centers in Wyoming
The new data centers in Cheyenne will be built with a sustainable design and operations in mind contributing to Microsoft’s commitment to being carbon negative. Read More>>
Deals and Deal Renewal
Arbella Insurance Group accelerates digital transformation efforts with SaaS solutions from Duck Creek Technologies
The North America-based underwriter also selected Cognizant to implement large insurance solutions that will help fast-track its digital transformation efforts. Read More>>
Darktrace signs multi-million-dollar deal with global leader in automotive technology and electronics
The cybersecurity giant announced that one of Europe’s largest automotive technology and electronics companies has selected the company’s Cyber AI technology. The AI technology, which will help protect well over 50,000 devices from a range of digital threats, will be deployed across countries in Europe, the Americas and Asia. Read More>>
Under Armour selects Nedap for global deployment of RFID
The athletic performance brand will be leveraging Nepad’s RFID to drive innovation in consumer experiences and identify opportunities to use the tech across the company’s supply chain. Read More>>
Battery maker Factorial Energy enters investment deal with Daimler, Stellantis
The partnership will enable Factorial Energy to develop batteries that ensure safer and longer driving range vehicles. Read More>>
Duality and Intel collaborate to offer accelerated machine learning applications on Amazon Web Services (AWS)
The collaboration between Duality and Intel will enable accelerated privacy-enhanced ML workloads on AWS, allowing enterprises to apply Data Science and ML computations on their sensitive data in the cloud. At the same time, the data always remains encrypted, even during analysis. Read More>>
UC Davis Health taps AWS to expedite digital health innovation efforts
UC Davis Health will be leveraging Amazon Web Services’ cloud expertise to ramp up its digital health innovation, making it the first academic medical center in the world to launch a cloud innovation center with AWS. Read More>>
Kantar bolsters digital ad monitoring, partnerships in the Philippines
The partnership with Philippine-based sales and marketing agency Upside Media will see Kantar become an official reseller of data, enabling more clients across the country to benefit from the consulting company’s timely and trusted advertising intelligence data. Read More>>
Subtle Medical and Bayer collaborate to harness the power of AI in medical imaging
The companies will investigate the potential of Subtle Medical’s state-of-the-art AI algorithm for use in contrast-enhanced MRI exams to enhance image quality and explore potential new areas for contrast media use. Read More>>
Bayer and Microsoft form partnership to build digital tools and data science solutions
The companies have joined forces to build a cloud-based set of digital tools and data science solutions for use in agriculture and adjacent industries. Read More>>
Mergers and Acquisitions
Blue Prism agrees to USD 1.65 Bn buyout
The UK’s Blue Prism has agreed to a final takeover offer from US-based fintech firm SS&C. The acquisition enables access to capital resources and investment in R&D alongside access to SS&C’s extensive customer base. Read More>>
Zywave acquires insurance distribution, quoting software firm ClarionDoor
The acquisition of ClarionDoor allows Zywave to create a complete suite of products for insurance carriers and distributors, from rating and quoting through presentation to binding and issuance. Read More>>
Executive Movement
Rapid7 appoints Tim Adams as Chief Financial Officer
Tim Adams brings over a decade of financial leadership experience in the technology industry. He had earlier served as the Chief Financial Officer of ObsEva SA, Demandware, Inc., and athenahealth, Inc. Read More>>
Rockwell names Åsa Arvidsson as Vice President for Nordics, UK, Ireland, and Russia
In this role, Arvidsson and her team will build relationships with the region’s end-users, OEMs, and partners. This appointment will further help accelerate the company’s strategy to bring the Connected Enterprise to life in the region. Read More>>
Fastly names Lakshmi Sharma as new Chief Product Officer
Lakshmi will be spearheading the company’s continued investment in products that allow developers to build modern, distributed applications and digital experiences that maximize performance, programmability, and security. Read More>>
Dell hones focus on New Zealand market with new country manager appointment
Leanne Buer will be the first to take up the newly created country-based position. Previously, Buer served as Cisco’s managing director and country manager in New Zealand and Pacific Islands. Read More>>

Key Signals in Consumer Software

Centre Setup and Expansion
Tencent Cloud launches first internet data center in Brazil to fulfill the increasing demand for digitalization in Latin America
The arrival of Tencent in Latin America is likely to push down service prices, as the region’s cloud market is overcrowded with the likes of Microsoft, Oracle, Google, and Amazon Web Services. Read More>>
Newegg expands North American presence with new distribution facilities in Georgia and California
The new distribution facilities will further e-retailer’s commitment to quick and efficient delivery to customers throughout the United States. Read More>>
Deals and Deal Renewal
Nokia and Ooredoo Group sign inks 5-year 5G agreement
Under the deal, Nokia will modernize and expand Ooredoo’s network by rolling out 4G and 5G services to customers across North Africa and Southeast Asia. Read More>>
Qualcomm partners with Google Cloud for neural architecture search development
The partnership’s focus will be to automate the creation of AI models and reduce manual workloads. Read More>>
Tencent and Green Packet firm up cloud deal
Green Packet and Tencent Cloud have joined forces to build a cloud computing business that will utilise a minimum of 2,000 servers by the end of the third year of operations. Read More>>
Mergers and Acquisitions
CrowdStrike completes acquisition of SecureCircle
The acquisition of SecureCircle will allow CrowdStrike to modernize data protection and allow customers to secure data on, from, and to the endpoint. Read More>> now the largest crypto firm in Latin America with the acquisition of Argentinian crypto powerhouse SeSocio
With its largest acquisition to date, the cryptocurrency platform is now rapidly growing footprint across Latin America, armed with a team committed to crypto adoption across the continent. Read More>>
Executive Movement
IIT Mumbai alumnus Parag Agrawal named new Twitter CEO
Parag will be replacing Twitter co-founder Jack Dorsey who was the longest-serving chief executive in the company’s 15-plus-year history. Dorsey will remain on the board until his term expires in 2022. Read More>>

Latest Industry Insights from Draup Braindesk

Application development and maintenance players focus on understanding user needs, developing software solutions, monitoring performance, and modifying programs as needed.

  • Wipro acquired Ampion to combine offerings powered by engineering transformation, DevOps, and security consulting services for achieving scale and market agility to meet the growing demands of customers.
  • Nous Infosystems and Venafi have collaborated to integrate their expertise in innovative technology services and cybersecurity to launch an app, ‘nCert’ that enables security administrators to manage the lifecycle of digital certificates.
  • Tech Mahindra has acquired DigitalOnUs to strengthen cloud-native development, hybrid-cloud infrastructure, and site reliability engineering automation and leverage DigitalOnUs’ expertise for building multi-cloud platforms, modernizing IT security, and unlocking the cloud operating model.


Key Funding Alert

Raycast raises USD 15 Mn from Accel and Coatue
Developer-focused productivity tool Raycast plans to use the funding to build its community of developers and tools, accelerate growth on the platform, and bring Raycast to teams. Read More>>

Startup Spotlight

Company –  BrainBox AI
Total Funding – USD 32.58 Mn
About: BrainBox AI utilizes cloud-based computing, algorithms, and a proprietary process to create an autonomous building technology. Its solution supports 24/7 self-operating building that enables maximum energy efficiency and reduces cost. Read More>>
Latest Reports Published in Draup
Facebook Account Intelligence Report: Facebook is keen on providing networking and broadcasting solutions by leveraging digital technologies like Artificial Intelligence, Big Data, Cloud, Machine Learning, and Data Analytics. The platform further plans on partnering with media & entertainment service providers and technology firms to accelerate its platform services. Read More>>
Amadeus IT Group Account Intelligence Report: Amadeus IT Group’s initiatives enable faster delivery of new cloud-based solutions in the airline and hospitality industries, resulting in more seamless travel experiences. Through this model, Amadeus IT Group will position its future goals in enhancing its capabilities across digital offerings. Read More>>

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