Connect with us

Tech

Nexusflow raises $10.6M to build a conversational interface for security tools

Published

on


Nexusflow, a startup using generative AI to help companies make sense of cybersecurity data, today announced that it raised $10.6 million in a seed round led by Point72 Ventures with participation from Fusion Fund and several AI luminaries in Silicon Valley.

The tranche, which values Nexusflow at $53 million post-money, will be put toward hiring, R&D and ongoing product development, founder and CEO Jiantao Jiao said.

“We’re helping customers pioneer the adoption of generative AI,” Jiao said. “Nexusflow delivers substantial benefits to security teams by enhancing their capabilities in various ways.”

Jiao, a computer science professor at UC Berkeley, teamed up with Jian Zhang (formerly director of machine learning software at SambaNova) and Kurt Keutzer (previously CTO at Synopsys) to found Nexusflow after arriving at the realization that generative AI was poised to disrupt cybersecurity.

Evidently, he was onto something — others have come to the same conclusion. This year, both Google and Microsoft have rolled out generative AI enhancements to their security product lines in an effort to make it easier to find information from a massive amount of security data simply by asking questions in plain language.

“In today’s digital era, security professionals grapple with an unending stream of evolving threats,” Jiao told TechCrunch in an email interview. “They wrestle with countless data sources and tools, their work feeling like an eternal grind. Security operations centers perennially operate with too few hands to manage the ever-increasing workload. The intersection of generative AI and cybersecurity is heating up but remains less crowded than fields like sales or legal.”

Nexusflow, in Jiao’s words, attempts to synthesize data from various security knowledge sources and tap into existing security tools via their APIs. Leveraging open source large language models that operate behind a customer’s firewall or in the cloud, Nexusflow lets users control security software and get metrics and insights using natural language commands.

“The security team can instruct Nexusflow in plain English to seamlessly operate evolving security tools, avoiding steep learning curves and misconfigurations,” Jiao said. “The true revolutionary potential of generative AI becomes evident when it seamlessly interprets human instructions, synthesizes information from disparate sources and effortlessly manages intricate software operations. This represents a paradigm shift in the field.”

Now, the details of this all seem a bit vague to me, like how exactly Nexusflow’s models integrate with security apps and services and which specific apps and services Nexusflow supports. What Jiao describes sounds like a conversational interface designed to sit on top of third-party security tooling, which, given some industries’ strict privacy and compliance requirements, might be a hard sell depending on the customer.

But while Nexusflow doesn’t have customers yet, Jiao claims that “many companies” are discussing proof of concepts. (Mum’s the word on how many.)

To support the influx of interest, Nexusflow plans to double its team from 10 full-time employees to 20 by the end of the year.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech

YouTube’s new auto-dubbing feature is now available for knowledge-focused content

Published

on

By


YouTube announced on Tuesday that its auto-dubbing feature, which allows creators to generate translated audio tracks for their videos, is now rolling out to hundreds of thousands more channels. 

YouTube first introduced its AI-powered auto-dubbing tool at Vidcon last year, which was only being tested with a limited group of creators. This tool could help make content on the platform more accessible and easier to understand for people all over the world.

The auto-dubbing feature is now available to channels that are focused on informational content, such as videos that teach viewers how to cook or sew. It’ll expand availability to other types of content soon. 

To use the feature, simply upload a video as you normally would. YouTube will automatically detect the language and create dubbed versions in other languages. The tool supports English, French, German, Hindi, Indonesian, Italian, Japanese, Portuguese, and Spanish.

Image Credits:YouTube

YouTube’s auto-dubbing utilizes Google’s Gemini capabilities to replicate human speech. However, the company cautions that the feature may not perform perfectly, as the technology is still in its early stages of development.

“We’re working hard to make it as accurate as possible, but there might be times when the translation isn’t quite right, or the dubbed voice doesn’t accurately represent the original speaker. We really appreciate your patience and feedback as we continue to improve,” the company wrote in Tuesday’s blog post. 

The company also reminded creators that they can look forward to another upcoming update called “Expressive Speech,” which is designed to help replicate the creator’s tone, emotions, and even the ambiance of their surroundings.



Source link

Continue Reading

Tech

CarDekho SEA raises first-ever outside funding, co-founder says he’s interested in acquisitions

Published

on

By


CarDekho SEA, a Singapore-based auto financing service platform, has raised $60 million in equity, valuing the company at over $300 million, from Navis Capital Partners and Dragon Fund. This is its first round of external funding, following a previous investment of $40 million from its parent company, CarDekho Group.

The company, the Southeast Asia unit of India’s CarDekho Group, will use the funding to support its further expansion into Southeast Asia, focusing on the used car and bike financing industry in Indonesia and the used auto financing sector in the Philippines, Umang Kumar, co-founder and president of CarDekho, said in an interview with TechCrunch.  

Kumar told TechCrunch that acquiring a used car financing platform or insurance brokerage platform in Indonesia and the Philippines could be one of its strategies to increase their presence in the region.

“We do have a couple of assets lined up in terms of what we will look at. You may hear something along those lines within a month or two…we will actively look at acquiring activities. The idea is not completely organically built. So we will look at some inorganic acquisition as we build out our business across Southeast,” Kumar said.

Founded in 2020, the company already has a significant presence in Indonesia (OTO Indonesia) and the Philippines (Carmudi Philippines and Zigwheels Philippines). It’s also in a few other Southeast Asian markets, such as Thailand, Singapore, Malaysia, and Vietnam, and is eyeing expansion into new markets in 2026.

Kumar explained that the company initially had a joint venture partner in Indonesia but later bought out the local partner entirely, becoming the 100% owner of the entity between 2019 and 2020. The company’s acquisition spree continues as it acquired Carmudi, which operates in the Philippines, Indonesia, and Thailand, in 2021 to expand into SEA, Kumar explained.

Unlike its peers, CarDekho SEO acts as a comprehensive aggregator for auto financing services. Its main competitor used to be Moladin, which has now pivoted to become a full-fledged lender.  

CarDekho SEA highlights its edges, including its technology-driven loan procedures, asset-light marketplace approach with no credit risk, an extensive network of used car dealers and agents, and solid collaborations with financial institutions. CarDekho SEA will use AI and machine learning solutions to reduce fraud and credit risks and provide more data to their financing partners to succeed in a changing technological environment.

Since its launch, the company has experienced significant growth, with over 200,000 disbursements and over $1 billion in loans disbursed. This represents a 50x increase in gross merchandise value over the past three years and establishing partnerships with over 50 financiers and 20,000 dealers and retail agents.

Its primary customers are small-scale used car dealers, with many having less than ten cars in stock or no physical showroom at all. “Due to their sub-scale presence, financiers often find it challenging to serve them directly,” the CEO said. “Our platform aggregates demand from these individual dealers, connecting them to a wide network of financiers and offering access to a variety of financial products for themselves and their customers—products that were previously inaccessible to them.”

The company is in the scale-up phase, generating upwards of $50 million in revenue annually through per-loan commissions with the financiers.



Source link

Continue Reading

Tech

SpaceX Conducts Epic Test Fire Of Starship Booster For Next Flight; Watch

Published

on

By



SpaceX, on December 10, conducted a static fire test of its Starship Super Heavy Booster at the Starbase facility in Texas. The test was part of the preparations for the flight which could happen as soon as January 2025.

Taking to social media, SpaceX shared a video and pictures from the test where the 232-feet-tall Booster stood on the launch mount and its 33 raptor engines were briefly fired.

The next flight will be Starship’s seventh. Flight 6 took place on November 20 and was largely successful. The only point where SpaceX fell short was catching the Super Heavy Booster using the launch tower due to a technical issue.

Reports have hinted that SpaceX will try launching the rocket on January 11, 2025 but an official announcement from the company is yet to be made.

ALSO SEE: Anand Mahindra Mighty Impressed As SpaceX Catches Starship Booster, Asks Elon Musk For A Ticket

SpaceX CEO Elon Musk also hinted that the launch might happen soon as he reposted pictures of the test fire with the caption, “Getting ready for flight 7.”

According to an email sent by NASA to the Federal Aviation Administration (FAA), the agency wants to use its Gulfstream V jet to observe the Starship mission. It will gather data on the rocket’s upper stage’s atmospheric reentry from the sky.

The 400-feet-tall Starship not only matters for SpaceX to ride to Mars but also to NASA, which wants to use it for landing astronauts on the Moon. The agency has paid SpaceX nearly $4 billion to develop rockets that would take humans to the lunar surface in more than five decades. Starship will be used by NASA during Artemis 3, the Moon landing mission that has been pushed to mid-2027.

Musk has previously said that the mega rocket will reach Mars in the next four years and if all goes well with its landing on the red planet, we might soon see astronauts leave for Mars as well.

ALSO SEE: Elon Musk ‘Highly Confident’ About Sending Starships To Mars By 2026

(Image: SpaceX)





Source link

Continue Reading

Trending

Copyright © 2023 Dailycrunch. & Managed by Shade Marketing & PR Agency