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Engagespot Becomes First Kerala Startup in Techstars NYC Accelerator!
Published
2 days agoon
Engagespot, a startup based in Thiruvananthapuram that specializes in user notification solutions, has made history by becoming the first startup from Kerala to join the prestigious Techstars New York City Accelerator. Selected from a competitive pool of only 12 startups worldwide, Engagespot will participate in a 15-week program designed to enhance its capabilities and solidify its position as a leader in the developer tools space.
A New Chapter for Kerala’s Tech Scene
Founded by Shiv Shankar, Anand Sukumaran, and Anandu S, Engagespot’s acceptance into Techstars is a significant milestone for Kerala’s burgeoning tech ecosystem. Techstars is renowned for its accelerator network, having supported over 4,000 startups, including 150 unicorns, since its inception. Engagespot’s entry into this elite program not only highlights its innovative approach but also raises the profile of local startups on a global stage.
Revolutionizing Notifications for Modern Businesses
Engagespot has developed an innovative AI-powered notification system aimed at optimizing user communications across various channels, including SMS, email, push notifications, and Slack. Many companies struggle to reach users at the right moment and through the appropriate platform, often resulting in missed opportunities. Engagespot’s solution intelligently schedules and routes notifications to maximize engagement while reducing messaging costs by up to 50%. This approach has garnered interest from over 2,000 companies, including notable unicorns like Veho, Sameday, and Nivoda.
Strong Market Momentum
Despite being only 11 months old, Engagespot has quickly established itself as a promising startup with solid market traction. The company has secured multiple high-value contracts, generating over $100,000 annually from clients—an impressive early impact in a competitive market.
Shiv Shankar, CEO and Co-Founder, described their transformative experience during the accelerator: “In 15 weeks, we increased our revenue fivefold, achieved operational profitability, and grew our monthly rate by 25%. The guidance and network access from industry leaders—including founders of Digital Ocean, Squarespace, and Veho—have been invaluable in shaping our path forward.”
Anand Sukumaran, CTO and Co-Founder, added: “Techstars NYC enabled us to test and improve our product in real-time with input from top engineering minds. Beyond the program, the extensive alumni network will continue to support our progress.”
Growth Plans and New Investment
During its time at Techstars, Engagespot successfully raised $250,000 in funding from Techstars and angel investors like Veho CTO Fred Cook and Great Valley Investments. With plans to expand further into North America, the company’s founders will maintain operations in New York while keeping their engineering headquarters in Trivandrum. Additionally, Engagespot plans to hire 20 more engineers over the next year to fuel its growth.
A New Era for Kerala in Global Tech
Engagespot’s success story serves as a boost for Kerala’s emerging tech scene, underscoring the region’s potential to produce globally competitive startups. As Engagespot scales its operations and enhances its offerings in the notification solutions market, it is poised to further establish Kerala as a significant player in the international tech landscape.
Conclusion
The journey of Engagespot highlights not only the innovative spirit of Kerala’s tech entrepreneurs but also the growing recognition of India as a hub for technological advancement. As the company continues to leverage its participation in Techstars NYC to refine its product and expand its market reach, it sets an inspiring precedent for other startups in the region looking to make their mark on the global stage.
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Latest News
Disney-Reliance Merger Nears Completion, Jio Star OTT Platform Set to Launch!
Published
15 hours agoon
November 13, 2024The highly anticipated merger between Reliance Industries and Disney Star is progressing toward completion, with plans for a new over-the-top (OTT) platform, potentially named “Jio Star,” on the horizon. This development comes amid discussions surrounding the JioHotstar domain name, which has seen a new website, jiostar.com, go live with a “coming soon” message but without further details. Speculation is mounting that this platform will emerge as a product of the Disney Star-Reliance merger.
Domain Transfer and Ownership
In a notable turn of events, Jainam and Jivika Jain, the Dubai-based siblings who own the jiohotstar.com domain, have offered to transfer it to Reliance at no cost. They stated, “We now think it might be best for Team Reliance to have this domain if they want it. We are happy to give jiohotstar.com to them for free, with all the proper paperwork.” The siblings acquired the domain from a Delhi-based app developer who initially sought to sell it to fund his studies at Cambridge University.
Merger Details and Regulatory Approvals
The merger has received approvals from the Competition Commission of India (CCI) and the National Company Law Tribunal (NCLT), marking it as one of the largest deals in India’s media and entertainment sector, valued at approximately $8.5 billion. According to Reliance’s quarterly earnings report for Q2FY25, the merger is expected to conclude by the third quarter of the financial year 2024-25.
In a detailed order dated October 22, the CCI granted approval for the merger under specific conditions, including the divestment of seven television channels. Following the merger, Reliance Industries will hold a 60% stake, with 16% directly owned and 47% through its majority-owned Viacom18 Media. Disney will retain a 37% stake in the new venture.
Jio Star: A New Player in Digital Entertainment
As Reliance and Disney join forces, all eyes are on the potential launch of Jio Star, which is expected to make waves in India’s rapidly expanding digital entertainment landscape. The platform is anticipated to combine content from both existing OTT services—JioCinema and Disney+ Hotstar—offering users a comprehensive library of films, series, and live sports events.
While earlier reports suggested that JioCinema would merge into Disney+ Hotstar due to its superior technical capabilities, there remains uncertainty regarding how live sporting events—particularly popular franchises like the Indian Premier League (IPL)—will be integrated into the new service.
Conclusion
The impending merger between Reliance and Disney Star represents a significant shift in India’s media landscape, with Jio Star poised to become a formidable player in the OTT market. As discussions continue around content integration and platform features, consumers are eager to see how this collaboration will reshape their viewing experiences. With regulatory approvals in place and domain ownership clarified, the launch of Jio Star could redefine digital entertainment in India as it seeks to compete against established players in a fiercely competitive environment.
Latest News
Amazon Developing Smart Glasses to Streamline Deliveries for Drivers!
Published
19 hours agoon
November 13, 2024Amazon is making strides in enhancing its delivery operations with the development of smart glasses designed specifically for its delivery drivers. These innovative glasses, internally code-named “Amelia,” aim to provide real-time navigation assistance, helping drivers locate delivery spots more efficiently. According to a report by Reuters, this initiative represents a significant step towards optimizing the last mile of Amazon’s delivery process.
Key Features of the Amelia Smart Glasses
The Amelia glasses are engineered to display step-by-step navigation instructions on a small embedded screen, guiding drivers through neighborhoods and complex areas, such as apartment buildings. Key features include:
- Turn-by-Turn Navigation: The glasses will provide visual directions directly on the lens, allowing drivers to navigate without needing handheld GPS devices.
- Obstacle Warnings: The smart glasses can alert drivers to potential obstacles, such as dogs or locked gates, enhancing safety during deliveries.
- Increased Package Capacity: By freeing up drivers’ hands from using GPS devices, the glasses enable them to carry more packages and potentially speed up delivery times.
Given Amazon’s extensive daily delivery operations, even small time savings per stop could lead to substantial productivity improvements.
Addressing Delivery Challenges
This development comes as part of Amazon’s broader strategy to reduce delivery costs amid rising competition from companies like Walmart, which is increasing incentives for its delivery drivers. The last leg of the delivery process—bringing packages directly to customers’ doorsteps—remains one of Amazon’s most complex and costly challenges. In the last quarter alone, Amazon’s delivery expenses surged to $23.5 billion, prompting the need for innovative solutions.
Technical Challenges Ahead
While the Amelia glasses promise to revolutionize delivery efficiency, significant technical hurdles remain. Amazon faces challenges in creating a battery that can last an entire eight-hour shift while keeping the glasses lightweight and comfortable for extended wear. Additionally, building detailed maps of neighborhoods and delivery sites is essential for the glasses to provide precise directions—a task that may take years to complete.
Convincing drivers to adopt the glasses could also pose a challenge. Some drivers may find them uncomfortable or distracting, particularly those who already wear prescription eyewear. Amazon may eventually require drivers—especially those working for third-party delivery services under contract with the company—to use these glasses.
Previous Attempts and Future Prospects
This isn’t Amazon’s first venture into smart eyewear; the company previously launched Echo Frames, which allowed users to listen to audio and control Alexa via voice commands. However, Echo Frames saw limited success, reportedly selling fewer than 10,000 units of the latest model—a figure Amazon disputes. The company is planning a new version of Echo Frames with a screen targeted for release by 2026.
The future of the Amelia smart glasses remains uncertain. If Amazon encounters insurmountable challenges with battery life or overall technology, the project could face delays or even cancellation. Nonetheless, these innovative glasses underscore Amazon’s commitment to leveraging technology to enhance delivery efficiency and maintain competitiveness in the fast-paced logistics market.
Conclusion
As Amazon continues to innovate in its logistics operations with the development of smart glasses for delivery drivers, it highlights the company’s focus on improving efficiency and reducing costs in a challenging market landscape. If successful, Amelia could significantly streamline the delivery process and set new standards for how logistics are managed in urban environments. As developments unfold, stakeholders will be keenly watching how this technology evolves and its potential impact on Amazon’s delivery ecosystem.
Latest News
New iPhone Security Feature Makes Phone Theft Nearly Impossible!
Published
19 hours agoon
November 13, 2024Apple’s recent update to iOS 18.1 has introduced a groundbreaking security feature that significantly enhances protection for iPhone users, making phone theft considerably more challenging. This feature, known as the “Inactivity Reboot,” automatically triggers a reboot of the device if it remains locked and inactive for an extended period, effectively safeguarding user data from unauthorized access.
How the Inactivity Reboot Works
The Inactivity Reboot feature is designed to activate after approximately four days of inactivity. When an iPhone reboots, it enters a secure state known as Before First Unlock (BFU), where only basic functions, such as receiving calls, are accessible. To regain full access to the device, users must unlock their phones using Face ID or Touch ID. This mechanism employs two layers of encryption: Before First Unlock (BFU) and After First Unlock (AFU).
When the device is in BFU mode, even advanced forensic tools like Cellebrite or GrayKey find it extremely difficult to bypass Apple’s encryption, making it nearly impossible for unauthorized users or thieves to extract data from the device. This feature not only protects individual users but also poses challenges for law enforcement agencies attempting to access seized devices for forensic analysis.
Implications Of Law Enforcement
The introduction of the Inactivity Reboot has raised concerns among law enforcement officials. Reports indicate that police have observed iPhones rebooting automatically while in custody, complicating their efforts to conduct forensic examinations. Christopher Vance, a forensic specialist at Magnet Forensics, noted that this change requires investigators to prioritize collecting evidence from iPhones while they are still in an AFU state before they reboot into a BFU state.
Matthew Green, a cryptographer and associate professor at Johns Hopkins University, emphasized that while this feature complicates police investigations, its primary purpose is to protect consumers from potential thieves. “The real threat here is not the police; it’s the kind of people who will steal your iPhone for malign purposes,” he stated.
Additional Security Measures
The Inactivity Reboot is part of Apple’s broader commitment to enhancing user privacy and security. Previous updates have included disabling USB debugging by default to prevent unauthorized access through USB connections. These measures reflect Apple’s ongoing efforts to ensure that user data remains secure in an increasingly digital world.
Conclusion
With the introduction of the Inactivity Reboot feature in iOS 18.1, Apple has taken significant steps toward enhancing the security of its devices against theft and unauthorized access. By making it more difficult for both criminals and law enforcement to access locked devices, Apple reinforces its commitment to user privacy and data protection. As technology continues to evolve, features like these will play a crucial role in safeguarding personal information and maintaining trust in digital devices.
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