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Exclusive-Korean AI tutor Riiid raises $175 million from SoftBank, heads to public schools

Riiid Inc, a South Korean AI tutorial startup, on Monday said it raised $175 million from SoftBank Group Corp's Vision Fund 2 as it looks to shake up the world of standardized testing, and take its technology to public schools. ....

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Gauging disease risk by studying the gut microbiome's genetic features

May 20, 2021 11:53am
Scientists at Harvard Medical School found links between the gut microbiome s genetic signatures and diseases such as coronary artery disease, inflammatory bowel disease and liver cirrhosis. (peterschreiber.media/Getty Images)
Recent research suggests that microorganisms living in the human gut may play a role in diseases ranging from obesity to cancer. A team at Harvard Medical School has gone one step further, linking the microbiome’s genetic features to multiple diseases.
By using a variety of statistical models and machine learning, the Harvard scientists identified what they call “microbiome architectures” behind human diseases. They linked several sets of genetic features of the microbiome to many conditions, including coronary artery disease, inflammatory bowel disease, liver cirrhosis, Type 2 diabetes and others, according to a new study published in Nature Communications. ....

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Edtech start-up ClassMonitor raises ₹3.5 crore - The Hindu BusinessLine

May 19, 2021
To use funding to expand, boost content and technology for end users
Edtech start-up ClassMonitor has raised ₹3.5 crore as part of its pre-Series A round from construction firm Path India Ltd, UAE-based Calega family office investor group and Sarvann, a group of Oman-based investors.
The start-up will use the fresh funds to build its presence across other nations and strengthen its content and technology for the end users.
To date, the company has raised ₹6 crore since its inception in 2016. As part of its angel round, ClassMonitor was backed by Piyush Jain, Chief Financial Officer of Al Hajri group, an angel investor who has invested in over 25 start-ups across the globe. ....

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2021 sees more data breach cases, financial frauds from online platforms in India: study

May 19, 2021
Based on a study by Kochi-based Technisanct Technologies Private Limited
A steep 90-100 per cent rise has been witnessed in Account Take Over (ATO) posts in India this year, pointing at serious data security breach and online financial fraud. Most of the crimes occur on major brands in EdTech, OTT platforms, e-commerce and e-retail applications, for which, many users share common or long-term passwords.
ATO refers to the online identity theft where a cybercriminal accesses a bank, e-commerce or OTT account of the victim, siphons off funds, steal credit or debit information or loyalty points, sometimes to commit another cybercrime. ....

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Edtech firm Great Learning looks to hire 1,000 people

“For those programmes, we will likely need to hire between 300-500 people in the first half of the year, split across academics, operations, sales counselling, content development and marketing. For the full year, we will likely hire over 1,000 people,” Karthik Gopalan, director of people operations, Great Learning, told ET. ....

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