ShiftLeft Inc., an innovator in application-specific cloud security, emerged from stealth mode as the first and only company to enable organizations to secure their cloud applications and microservices as part of their continuous integration pipeline, rather than merely reacting to threats discovered in production. The company is launching with a $9.3 million Series A round of funding. It also announced the general availability of the industry’s only fully-automated Security-as-a-Service for cloud software that understands the security needs of each version of each application, and creates custom security and threat detection for it. ShiftLeft was founded with the mission to develop a better approach to protecting the next engine of innovation: software. “There is a large and important opportunity in the industry today to insert highly accurate security in the continuous integration and delivery lifecycle, without impacting an organization’s pace of innovation,” said Manish Gupta, ShiftLeft’s CEO and co-founder. “By assembling a world-class team that truly understands security, modern software development practices that enable Cloud adoption, and modern program analysis techniques, ShiftLeft is in an unparalleled position to deliver on this opportunity.”
Mobile App Could Change Zoo Experience
A mobile application created by Indian American Hari Kunduru could alter the way guests experience visits to the zoo. Kunduru, an Ohio State University graduate, created the app Zoptiks, which focuses on biodiversity education for visits to the zoos and aquariums throughout the country. Suffice to say, the app could potentially spare printed maps of the facilities in the future, if all goes to plan. “I’m trying to teach biodiversity in a modern manner,” Kunduru said in a Daily Reporter report. The app recently concluded its beta phase and launched in mid-October. Zoptiks is available on Android and Apple devices.
UNL to Pay $1.4M to Attract Foreign Students
The University of Nebraska-Lincoln spent about $1.4 million over the past two years to grow its presence in countries like India, Brazil, Indonesia and Nepal, where the Husker brand carries little traction, the Lincoln Journal-Star reported. Using the foothold established by EduCo Global in more than a dozen countries, UNL enrolled about 250 students who otherwise wouldn’t have heard of Lincoln or Nebraska, netting an additional $2.1 million in tuition revenue in the process, it said. The NU Board of Regents unanimously approved an annual $1.4 million deal with EduCo to recruit full-time, degree-seeking students to UNL, assist those students with applying and obtaining student visas, and providing them with support services after they enroll, according to the report. This comes following a successful pilot program in 2015. As part of the agreement, UNL splits tuition revenue with EduCo if the firm successfully recruits degree-seeking students to take college courses in Lincoln. Those students are charged the nonresident rate of $747 per credit hour, compared with $237 per credit hour for Nebraska students, the publication said.
Wipro Digital to Acquire Cooper
Wipro Digital announced that it has signed a definitive agreement to acquire Cooper, an award-winning design and business strategy consultancy. Wipro Digital is the digital business unit of Wipro Ltd., a leading global IT, consulting and business process services company. Cooper will become part of Designit, Wipro Digital's strategic design arm, further strengthening its design and innovation capabilities, expanding its reach in North America and adding capabilities in professional design education. "Our combined capability across design, strategy and technology gives us a unique platform for working side-by-side with clients on the entirety of their digital initiatives. With Cooper, an acknowledged leader and pioneer in the design community with roots on the East and West coast, we will now be the preeminent firm for world-class UX and interaction design. This coupled with Designit's global strategic design services and our world-class engineering capability, will allow us to support the complete digital journey for our clients, helping them transform their businesses for the future", said Rajan Kohli, global head and senior VP of Wipro Digital. The acquisition is expected to be closed in the third quarter of fiscal 2017-18.
MasterCard Works with Andhra Pradesh
MasterCard announced it is working with the state government of Andhra Pradesh in India to make this particular region of the country a cashless society and a smart city. MasterCard and Andhra Pradesh signed a two-year memorandum of understanding with the aim of creating a "Fintech Alley" of sorts. "Around the world, MasterCard has partnered with governments to unleash the power and potential of digital transformation," MasterCard president and CEO Ajay Banga said in a statement. "We can do this by empowering small farmers to access new markets and financial services through a digital marketplace created in India by our new Mastercard Labs." Part of the plan calls for MasterCard and the Andhra Pradesh government on smart transit products that include "advanced digital payment modes."
CoverWallet Secures $18.5M Series B Round
CoverWallet, a business insurance startup co-founded by Rashmi Melgiri and Inaki Berenguer, announced it closed a $18.5 million Series B funding round led by Foundation Capital. The company makes it easy for small businesses to understand, buy and manage their insurance. Since launching in 2016, CoverWallet has secured over $30 million in venture capital funding. As part of the funding, Charles Moldow, Partner at Foundation Capital, joins John Buttrick from Union Square on the company's board of directors. CoverWallet is at the forefront of the rapidly growing insurtech movement, leveraging data to help thousands of small businesses get tailored advice and personalized insurance online, it said. The company utilizes technology to allow small businesses to get and manage the protection they need, easily, promptly and affordably, it added. "We're thrilled to welcome Foundation Capital and Charles Moldow to the CoverWallet family. They share our assessment of the insurance industry as being inefficient and unloved by customers. Not a recipe for success. Today, there exists a unique opportunity to reinvent it by focusing on the CoverWallet principles of simplification and transparency, leveraging analytics, and, ultimately reducing friction," said Berenguer. The company plans to use the new funding to continue building its core technology, expand partnerships, and scale operations, in order to meet growing demand and to solidify its position as a market leader.