Saviynt Raises $40M Series A Funding
Saviynt, a global provider of Identity Governance and Administration solutions, announced that Carrick Capital Partners, an investment firm with a focus on technology-enabled businesses, including enterprise software, has committed $40 million to its Series A financing round. Saviynt delivers next-generation IGA solutions for organizations to secure their most critical assets, manage data privacy and risk, meet continuous compliance needs and securely adopt new technologies with confidence. Carrick's financing will be used by Saviynt to expand U.S. and international field operations, further build out its ecosystem of technology and system integration partners, accelerate delivery product roadmap of advancements and deepen the company's customer service and support functions to meet the needs of a growing global customer base, it said. “We are very excited to be partnering with Carrick because they have a deep understanding of our market and they are committing the financial and operating resources necessary for us to realize the full value of our opportunity," said Amit Saha, CEO of Saviynt.
Coinbase Buys Earn.com, Srinivasan Named CTO
Coinbase, in a deal worth more than $120 million, announced its significant plan to buy the United States startup that uses blockchain for its paid-email service, Earn.com, according to reports. In addition to the acquisition, Coinbase named Earn.com’s Indian American co-founder and CEO Balaji Srinivasan as its CTO. The rest of the team from Earn.com will also transition over, reports said. "With Coinbase's user base and distribution muscle, I think it could hit $100 million in accounting rate of return in a few months. I'm proud of the fact that we turned what could have been a disaster into a successful product and I'm excited about the road ahead," Srinivasan said in a TechCrunch report. A Stanford graduate, who holds a bachelors, master's and doctorate in electrical engineering and a master's in chemical engineering, Srinivasan is highly prized in Silicon Valley, reports said.
Indian Startup Wants to Produce Water from Solar Energy
Uravu is on a mission to generate water out of thin air. If things go according to the Hyderabad-based startup’s plan, its technology to convert atmospheric moisture into usable—even potable—water will be available for household use in around two years from now, Quartz India reported. The report noted that the technology itself is not new and even today, water is being generated by cooling the air and condensing the water vapor in it. This is being used for irrigation or industrial purposes. However, this system is cumbersome in its existing form for residential use, it added. “You need high humidity and energy consumption is high. There are a lot of moving parts. What we wanted to do was have a simple modular device,” said Swapnil Shrivastav, who co-founded Uravu in 2017 with five others. His firm’s innovation is cheaper than the existing refrigeration-based systems, primarily because there’s no need for electricity, the report said. Uravu uses a proprietary water-absorbing material that sucks vapor from the air and uses solar thermal energy to convert it into water. “There’s no need of any electricity or moving parts. It is just a passive device that you can leave on your rooftop and it will generate water. The process starts at night, and by evening next day you’ll have water,” Shrivastav, an alumnus of the National Institute of Technology Calicut, explained. The water can then be piped directly to homes for use, Shrivastav said. Users can also attach a mineral cartridge to the device to make it fit for drinking.
Khandelwal Named Medical Director of Year
Dr. Ashish Khandelwal, medical director at HealthSouth Rehabilitation Hospital of Middletown, was named as the 2018 Medical Director of the Year at the company’s Annual Medical Director’s Meeting held this past weekend in St. Petersburg, Fla. The 2018 Medical Director of the Year designation was handpicked from a pool of 127 medical directors across the country by Chief Medical Officer Dr. Lisa Charbonneau and regional presidents of Encompass Health, formerly known as HealthSouth. The award recognizes Khandelwal’s outstanding clinical knowledge, exemplary performance in the development of quality clinical programs and overall excellence in leadership. After graduating with his medical degree from Dr. S.N. Medical College in Jodhpur, India in 1998, Khandelwal completed an internal medicine residency program at Wyckoff Heights Medical Center. In addition, he participates in the Delaware stroke committee, which is a statewide initiative designed to improve care for residents who have suffered stroke. He has served in the medical director role at HealthSouth Middletown since the hospital opened in December 2014.
WNS CEO Keshav Murugesh Wins Disruptor Award
WNS Holdings Limited, a provider of global business process management services, announced that Keshav R. Murugesh, group CEO of WNS, has been recognized with CNBC Asia's India Disruptor of the Year award. The award recognizes business leaders in Asia who have made a significant contribution to their respective industries through innovative thinking and strategic vision. “It is an honor to receive this award from the CNBC Group. This recognition reflects the contributions of over 35,000 employees at WNS, who tirelessly work to accomplish one goal: outperformance,” said Murugesh. “WNS’ ground-breaking vertical approach has completely changed the BPM industry. As a result, today WNS is firmly positioned as one of the fastest growing and most impactful BPM companies in the space,” he added.
Mangal Pandey, Madhukar Sanneerappa Partner to Eradicate Malaria
Neodocto Foundation is traveling through various Indian states to collaborate with many organizations to eradicate malaria through its Neodocto Malaria Eradication Program. Recently, it collaborated with Minister of Health of Bihar Mangal Pandey through its CEO and president Madhukar Sanneerappa. Pandey said after the meeting that he would fully cooperate with Neodocto to eradicate malaria from his state through the program, according to a news release. Similarly, the Neodocto CEO expressed his satisfaction after meeting the health minister, it said. Neodocto, a health-based IT company providing 28 healthcare services through various apps, aims to educate and create awareness among individuals around the globe through Neodocto articles and Neodocto ebooks. These are huge resources of knowledge and have a very positive effect to control and eradicate malaria, it said.