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AI & Enterprise
Nvidia invests in India\'s SimplySmart valued at $100 million
Nvidia has invested in Indian startup SimplySmart, which develops inference software aimed at cutting AI model operating costs and improving GPU utilisation. TechCrunch reported SimplySmart raised $14 million in a Series B round led by Dallas Venture Capital, with Nvidia, Accel, Shastra VC and Micromax participating. After the share issuance, the company was valued at about $100 million. CEO Amritanshu Jain said revenue run-rate rose 14-fold in six months to an eight-digit dollar level.
AI & Enterprise
Red Hat expands cooperation with Nvidia to strengthen agentic AI security capabilities
Red Hat said on Wednesday it is expanding cooperation with Nvidia and will work to spread security-enabled, enterprise-grade agentic AI across open hybrid clouds through Red Hat AI Factory with NVIDIA. The company said it is developing the OpenShell Reference Architecture with Nvidia to secure safety and control at the core of enterprise agentic AI deployments. It said the architecture combines access control, an AI gateway and high-performance inference with Nvidia technologies.
Mobility
Ten07 unveils Unicorn Pony micro cargo bike for cities with up to 50 kg payload
Ten07 unveiled the Unicorn Pony, a micro cargo bike with a smaller frame than its existing utility bicycles, and opened pre-orders. The model is a smaller version of the Unicorn, designed to move easily in small apartments and corridors. It uses a 20-inch front wheel and 24-inch rear wheel. It can carry up to 50 kg of cargo and supports a total load of up to 130 kg.