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Ideaspring Capital, The Hive invest in AI startup Peritus

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Artificial intelligence startup Peritus.ai has raised $2 million (Rs 12 crore) in funding from early-stage venture capital firm Ideaspring Capital and early-stage fund The Hive, a company statement said. The firm will use the money to strengthen its development team in India, it said in the statement. Based in California, US, Peritus.ai Inc. was founded by Santhosh Srinivasan and Kamesh Raghavendra in 2017 with support from The Hive, which incubates startups and focuses on applications of AI in the enterprise segment. "We are looking forward to help from Ideaspring for support in building and guiding our development team in India," said Srinivasan, co-founder and vice president for engineering at Peritus.ai. The company automates professional services, support delivery and incident resolution for data centres. It also proactively predicts support needs and incident features from patterns mined across product designs, past incidents, configurations and log data, the statement said.


AI Frontiers Conference

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Redmarlin RedMarlin protects brands from online infringement and abuse. Every year, companies lose billions of dollars to counterfeiting and millions to phishing and other online scams infringing on their brand. RedMarlin monitors the internet, detects fake websites in real-time using Computer Vision, NLP and Deep Learning, and achieves fastest take downs, so brands can focus on their core business. Presenter: Abhishek Dubey, Co-founder & CEO; Shashi Prakash, Co-founder & Chief Scientist TrueShelf TrueShelf is an AI powered adaptive learning platform that understands the relationships between thousands of math skills, adaptively generates an unlimited number of problems, and helps students learn mathematics rigorously by providing them instant granular feedback. TrueShelf analyzes students' abilities and identifies mistakes, from conceptual mistakes to application mistakes, and even silly mistakes, then guides them in a personalized manner.


SolidFire CEO Dave Wright has left NetApp

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SolidFire CEO Dave Wright has left NetApp, less than eighteen months after the storage company he founded was acquired by the big blue staple. Wright was in place as recently as March this year when he briefed El Regon NetApp's hyper-converged appliance development project, which is based on SolidFire tech. NetApp's ex-CTO at SolidFire, Val Bercovici, confirmed to El Reg that Wright had left the company. We understand Wright is taking a much-deserved break with the family. Wright founded a scale-out all-flash array startup SolidFire and turned it into a concern for which NetApp paid US$870m in December 2015.