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☆ OSTP director Arati Prabhakar shapes AI policy in Biden administration
  + stars: | 2024-10-24 | by ( Rosalie Chan | ) www.businessinsider.com   time to read: 1 min
Prabhakar, part of Business Insider's 2024 AI Power List, has headed the White House Office of Science and Technology Policy since 2022. In her role, she advises President Joe Biden on science and technology with a particular focus on AI's risks and benefits. Previously, she was the director of the Defense Advanced Research Projects Agency and was the first woman to lead the National Institute of Standards and Technology. She also founded the nonprofit Actuate, which manages research to solve societal challenges. See Business Insider's full AI Power List
Persons: Prabhakar, Joe Biden Organizations: White, Office of Science, Technology, Defense, Research Projects Agency, National Institute of Standards, Research, US Venture Partners
☆ Exclusive: Nexus Venture eyes $700 million fund to bet on India, U.S. tech startups
  + stars: | 2023-01-04 | by ( M. Sriram | ) www.reuters.com   time to read: +3 min
It would also expand the pool of funds available to startups, at a time when fundraising by Indian startups fell by a third last year to $24 billion, Venture Intelligence data showed. Founded in 2006, Nexus was one of the first Indian venture capital firms to invest in U.S. and India-based software startups. The new fund will be its seventh so far and take the firm's assets under management to more than $2 billion. The new fund has received a strong response from endowments, one of the sources said, without sharing names of any specific investors. Nexus was co-founded by Naren Gupta who ran a software company in the United States for 15 years before selling it to Intel.
☆ Balbix: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
Balbix uses AI and automation to reinvent how leading organizations reduce their cyber risk, an issue that's getting more complex every year. Embracing a business model referred to as cyber posture automation, the goal is to quantify the risks of hacking to organizations and move the cyber defense decision-making across the entire C-suite rather than focused solely on CISOs. Instead, CISOs need to facilitate the quantification of cyber risk in business terms and help drive the rest of the leadership team towards speedy cyber risk remediation/mitigation efforts before a breach even happens." To date, the company has raised $101.6 million over three rounds, with the most recent being $70 million in March. Investors include Alter Venture Partners, Redline Capital, Third Point Ventures, and Nautilus Venture Partners.
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