Augment

Intervue, MaxAB and Locad raise funds | Du and Wipro have announced the launch of their multi-cloud platform | Huawei and Temenos have teamed up | REvil, a cybercriminal group, used flaws in Kaseya’s update system in a devastating ransomware attack


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Du and Wipro have announced the launch of their multi-cloud platform that aims to simplify, accelerate digital transformation and cloud adoption across the UAE. It is set to help organizations reimagine their infrastructure, create new cost inefficiencies and deliver more secure solutions.

Huawei and Temenos have teamed up to allow Temeonos’ cloud-native core banking solution on Huawei’s public cloud. It would focus on the APAC region, with a focus on China and other areas. With the move, banks would be able to achieve their go-to-market strategy and open up new business models.

REvil, a cybercriminal group, used flaws in Kaseya’s update system to target hundreds of businesses in a devastating ransomware attack. The ransom demand is the highest in recent memory, and if paid, it will be the most expensive ransom ever paid in response to a cyberattack. The attackers hit MSPs’ Kaseya infrastructure, then the MSPs inadvertently distributed malware to their clients by seeding their ransomware using Kaseya’s trusted distribution method.

Intervue, an Indian SaaS hiring platform, has completed a seed round led by Titan Capital for an undisclosed amount. The funds will be used to grow the product and strengthen the core staff. Intervue combines live coding and video conferencing with other tools like whiteboarding, take-home projects, a question bank, and more to enable a company to hire better employees faster.

Cairo-based MaxAB, a B2B e-commerce platform connecting food and grocery retailers to suppliers, has raised $40M in Series A funding from North Africa’s investor RMBV. The company would look to expand its market other regions, especially the MENA, and scale its recently launched business verticals

Locad, an eCommerce logistics business, has raised $4.9 million in a seed round led by Sequoia Capital India’s Surge program. The funds will be used to develop the startup’s courier and distribution networks. Locad is a company that offers an “end-to-end solution” to cross-border e-commerce businesses.

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AugmentBy PeopleAtom