Latest news with #Startups
Bloomberg
2 days ago
- Business
- Bloomberg
Bahoshy: Volatility in Market Causing IPO Indecision
Startups in the Middle East nearly doubled their fundraising in the first half of the year, defying a slowdown in venture capital investment in emerging markets brought on by economic uncertainty and investor caution. About $1.35 billion in VC funding was funneled to companies in the Middle East from January through June, led by Saudi Arabia and the United Arab Emirates, according to data platform Magnitt. Their Founder & CEO, Philip Bahoshy spoke exclusively to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche. (Source: Bloomberg)
Bloomberg
2 days ago
- Business
- Bloomberg
Middle East Startups Double Fundraising to Defy Broad Slowdown
Startups in the Middle East nearly doubled their fundraising in the first half of the year, defying a slowdown in venture capital investment in emerging markets brought on by economic uncertainty and investor caution. About $1.35 billion in VC funding was funneled to companies in the Middle East from January through June, led by Saudi Arabia and the United Arab Emirates, according to data platform Magnitt.
Yahoo
04-07-2025
- Business
- Yahoo
MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the AI Inference Quadrant Report 2025
DELRAY BEACH, Fla., July 4, 2025 /PRNewswire/ -- 360Quadrants has released its latest AI inference Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights Mythic, Groq Inc., SAPEON Inc., and Rebellions Inc., among the top companies, are actively shaping the future of the AI inference Startups/SMEs Companies Assessment. The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices. Company Highlights in the AI Inference Startups/SMEs Companies Assessment: Mythic is a pioneering AI hardware company specializing in analog compute-in-memory technology to accelerate AI and machine learning (ML) workloads at the edge. Its flagship solution is the Intelligence Processing Unit (IPU), a compact, high-performance chip that delivers GPU-class computational power while consuming up to 50 times less energy than traditional edge AI processors. Mythic's IPU supports a wide range of deep neural network models, including convolutional, recurrent, and fully connected architectures. The company's solutions are built on a combination of dataflow architecture, computer-in-memory techniques, and the proprietary Mythic AI Workflow platform. Mythic's low-power, high-efficiency AI processors are designed for diverse applications such as smart homes, action cameras, AR/VR, robotics, healthcare systems, intelligent machines, aerospace, security monitoring, and industrial drones. Groq Inc. is a cutting-edge technology company focused on delivering high-performance hardware and software solutions for AI, machine learning, and high-performance computing (HPC) workloads. Its processors are engineered to deliver exceptional computational speed and efficiency with low power consumption, making them particularly well-suited for edge computing scenarios. At the heart of Groq's innovation is a novel processor architecture composed of numerous parallel processing cores, each optimized for executing complex AI workloads with remarkable speed and accuracy. This architecture enables Groq's chips to handle intensive data processing and real-time inference tasks across various sectors, including finance, government, and energy (oil & gas). SAPEON Inc. is an AI semiconductor company offering integrated hardware and software solutions for cloud-based and edge AI computing. Its product lineup includes AI chips, AI accelerator cards, AI servers, and end-to-end platforms designed for data centers and AI-as-a-Service (AIaaS) deployments. SAPEON's technology enables high-performance processing for a variety of use cases such as 5G edge cloud operations, object detection, image enhancement, and indoor navigation. The company emphasizes energy efficiency and scalable AI infrastructure, targeting industries including telecommunications, finance, healthcare, and manufacturing. With offices in the United States and South Korea, SAPEON is focused on expanding its footprint in the global AI hardware market. To explore the full quadrant report and see how companies are positioned in the AI inference Startups/SMEs Companies Assessment, 2025, Visit: Evaluation Criteria The vendor evaluation was conducted on over 110 companies, of which the top 11 were categorized and recognized as quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the AI inference Startups/Small-Medium Businesses Companies Assessment quadrant. The top criteria for product footprint evaluation included Compute (GPU, CPU, FPGA, NPU, TPU, FSD, Inferentia, T-Head, MTIA, LPU, and Other ASICs), Memory (High bandwidth memory (HBM) and double data rate (DDR) memory), and Network (Network interface cards (NIC)/network adapters and interconnects). 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Progressive companies, Responsive companies, Dynamic companies, and Starting blocks. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. Download Free Sample @ About 360Quadrants 360Quadrants, a specialized division of MarketsandMarkets™, delivers comprehensive quadrant analyses for various emerging technologies and markets, including start-ups. Our evaluation methodology hinges on two critical parameters: market presence and product footprint. This approach facilitates a graphical representation of competitive positioning across four key categories: leaders, contenders, innovators, and emerging companies. In addition, we meticulously classify start-ups into progressive companies, responsive companies, dynamic companies, and starting blocks. Our expertise equips organizations with insights into market leaders across over 6000 micro markets, enabling a detailed comparison of vendor capabilities and performance. At 360Quadrants, we ensure that each quadrant adheres to the highest standards, empowering our clients to navigate complex market dynamics precisely and confidently. 360Quadrants has also launched quadrants in fields such as – Indoor 5G Startups/SMEs Companies Assessment, 2025, and SASE Startups/SMEs Companies Assessment, 2025. About MarketsandMarkets MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Ms. Sipti Banga,630 Dundee Road, Suite 430Northbrook, IL 60062USA: +1-888-600-6441Email: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
Korea Herald
23-06-2025
- Business
- Korea Herald
First female CEO of Naver picked as SME minister nominee
President Lee Jae-myung on Monday nominated Han Sung-sook, former CEO of Naver, as minister of SMEs and Startups. Han, 58, is a first-generation IT expert who played a key role in the growth of Naver, Korea's largest portal site. After graduating from Sookmyung Women's University, she began her career as a tech reporter at a local media outlet. She later joined Empas, one of Korea's early portal sites, where she served as head of the search business. Han joined NHN, now rebranded as Naver, in 2007 and held key positions including search quality director and general service director. In 2017, she became the company's first female CEO. She stepped down from the role in 2022 to lead Naver's European business development until recently. Since March, she has been serving as an adviser at Naver and also chairs the Korea Internet Enterprise Association.
Time of India
17-06-2025
- Business
- Time of India
The CIO paradox: Leading when the future won't sit still
Artificial Intelligence is no longer a buzzword—it's the beating heart of digital transformation . But as enterprises accelerate toward AI-led models, a peculiar contradiction confronts today's technology leaders: how do you offer certainty in a world built on constant change? At the ETCIO Annual Conclave 2025 , a high-impact opening panel brought together top CIOs and tech leaders to address the elephant in the boardroom: the evolving role of the CIO in the face of rapid technological, cultural, and business model disruption. Moderated by Shantheri Mallaya, Editor, ETCIO, the panel featured: Hitesh Sachdev, Head – Innovation & Startups, ICICI BankAshok Jade, Global CIO, Kirloskar Brothers LimitedManikandan Thangarathnam, Senior Director – Mobility and Platforms, UberRakesh Bhardwaj, Group CIO, LupinRajesh Gopal, Global CDO, Tata Consumer ProductsMukundha Madhavan, APAC Tech Lead, Datastax Together, they explored the paradoxes shaping the CIO's reality in 2025—navigating blind spots, decoding boardroom expectations, and asking whether AI will become a teammate or a competitor. 'From controllers to translators': Rewriting the CIO job description Rakesh Bhardwaj, Group CIO at Lupin, offered a striking take: 'We're no longer just providers—we're becoming translators. Translating volatility into opportunity, translating AI into business impact.' AI adoption , he emphasized, is not surprising—but what's noteworthy is how quickly business functions have embraced it. With GenAI's natural language interface, AI is no longer intimidating—it's usable. That ease of interaction, Bhardwaj noted, has catapulted IT from a support function to the center of business model redesign. 'The focus now must shift from adoption to embedding intelligence into day-to-day decision-making.' Don't just automate. Ask: Do you even need AI? Manikandan Thangarathnam from Uber brought pragmatism to the conversation. 'A lot of enterprises are suffering from FOMO—fear of missing out,' he said. 'But not every problem needs AI.' He explained how Uber sets error thresholds differently depending on the application. 'For identity verification, we use AI at 99% accuracy. But when showing recommended ride types, 85% is fine,' he noted. 'It's about aligning AI's role with the tolerance of the problem you're solving.' Legacy to leadership: When CIOs become growth architects Ashok Jade, Global CIO at Kirloskar Brothers, challenged the outdated notion that AI is only for boosting efficiency. 'We're not just improving processes. We're opening up entirely new lines of business,' he said. Kirloskar is piloting a service-led model where pumps are sold as-a-service, enabled by AI, IoT, and digital factories. Their goal: reduce channel dependence and let AI agents guide product discovery directly online—disrupting a century-old distribution model. 'The board doesn't ask what LLM we're using. They ask how much new business we're creating with it.' Trust is the new differentiator in consumer-centric businesses Rajesh Gopal, Global CDO at Tata Consumer Products, emphasized the balancing act between deep personalization and digital trust. He highlighted two pillars: Explainability – 'People don't trust what they don't understand—this applies to both customers and internal users.'Contextual relevance – 'Every AI output must feel timely, precise, and intuitive to the user.' His focus? Making AI meaningful by mapping the customer journey from awareness to loyalty, and ensuring touchpoints convert into trust, not fatigue. The quiet revolution: Rethinking AI readiness from the ground up Mukundha Madhavan from Datastax broke down what enterprises often get wrong about AI transformation: 'Most organizations focus on tools. But the real question is—can AI access and understand your data?' He listed two pillars of AI-ready data: Access: via operational data layers that span structured, unstructured, and multimodal dataUnderstanding: through advanced representation formats like vectors, graphs, hybrid search, and LLMs 'Privacy and relevance will be the biggest challenges. Enterprises must develop new strategies to govern AI's interaction with sensitive, high-volume data.' CIOs at a crossroads: Strategy, Talent, and Elevation The panel concluded with a powerful reflection on how AI is reshaping not just systems, but CIO identity itself. Rakesh Bhardwaj called for the CIO to own talent development across the enterprise, not just within IT. 'The real risk isn't displacement,' said Manikandan. 'It's irrelevant.' The takeaway: A new mandate for CIOs in 2025 As the discussion unfolded, one thing became clear: the CIO's role is no longer defined by technology—it's defined by translation, transformation, and trust-building. In 2025, success isn't about deploying more dashboards or faster APIs. It's about: Turning AI uncertainty into business clarityDesigning tech that can be trusted and explainedAligning boardroom expectations with the business value CIOs truly createRethinking talent not as a support layer, but as a strategic differentiator 'We can no longer be gatekeepers. We must be value creators,' said Shantheri Mallaya in closing. 'AI won't replace the CIO. But it will demand a new kind of CIO—one who thinks in algorithms, acts in outcomes, and leads without a map.'
