E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups

The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million. The E3LCEF limited partners include FMO, the Dutch entrepreneurial development bank; Swedfund International AB, the Swedish development finance…

E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups

The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, has hit the first close at $48.1 million. The E3LCEF limited partners include FMO, the Dutch entrepreneurial development bank; Swedfund International AB, the Swedish development finance…

Nozomi introduces AI cybersecurity engine to protect critical infrastructure

IoT security solutions firm Nozomi has announced the launch of Vantage IQ, an AI-based analysis and response engine designed to address security gaps and resource limitations in critical operational infrastructure. Vantage IQ is an add-on to Nozomi’s SaaS-based security management platform, Vantage, and leverages artificial intelligence (AI) and machine learning (ML) to automate time-consuming tasks…

Nozomi introduces AI cybersecurity engine to protect critical infrastructure

IoT security solutions firm Nozomi has announced the launch of Vantage IQ, an AI-based analysis and response engine designed to address security gaps and resource limitations in critical operational infrastructure. Vantage IQ is an add-on to Nozomi’s SaaS-based security management platform, Vantage, and leverages artificial intelligence (AI) and machine learning (ML) to automate time-consuming tasks…

Nozomi introduces AI cybersecurity engine to protect critical infrastructure

IoT security solutions firm Nozomi has announced the launch of Vantage IQ, an AI-based analysis and response engine designed to address security gaps and resource limitations in critical operational infrastructure. Vantage IQ is an add-on to Nozomi’s SaaS-based security management platform, Vantage, and leverages artificial intelligence (AI) and machine learning (ML) to automate time-consuming tasks…

How the IoT is shaping the future of rail

During a session at this year’s IoT Tech Expo North America, the audience heard from Joffrey Lauthier, VP of Transit and Rail at WSP, about how IoT technologies are shaping the future of rail. Positioning vehicles accurately and ensuring their safety is a critical aspect of transportation systems. To achieve this, a variety of sensors…

Reliance JioMart to cut 11,000 jobs, report says

JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian retail giant looks to improve its margins. The shakeup, reported by the Indian daily Economic Times, comes in the wake of JioMart’s…