New Delhi, Jan. 16 -- There have been multiple developments this week on the tech front. From Q3 earnings to CloudSEK's fund raise, here is a list of the most important updates for a quick catch-up:
BharathCloud taps JLL for $100 mn AI-ready sovereign cloud rollout
BharathCloud has appointed real estate and infrastructure consultancy JLL as its exclusive advisory partner to support the development of AI-ready sovereign cloud infrastructure across India and select international markets. The company plans to invest up to $100 million over the next five years, subject to board approvals, financing arrangements, regulatory clearances and market conditions. Under the agreement, JLL will advise BharathCloud on colocation site identification, design consultancy and portfolio optimisation for its distributed cloud footprint. The rollout will span major metros including Mumbai, Hyderabad, Bengaluru, Chennai, Delhi NCR, Kolkata and Pune, while also targeting Tier-II and Tier-III cities such as Visakhapatnam, Ahmedabad, Jaipur, Coimbatore, Kochi, Chandigarh and Bhopal. The initiative is aimed at building edge-ready cloud infrastructure to support enterprise adoption of artificial intelligence, 5G and Internet of Things (IoT) applications. Okta brings data residency, AI identity security to India
Okta Inc., the US-based independent identity management company, has deepened its India investment with the launch of in-country Okta Platform tenants, enabling data residency and enhanced disaster recovery for Indian enterprises. The move is aimed at helping organisations-particularly in highly regulated sectors such as banking, financial services and insurance (BFSI) and healthcare-securely scale their AI adoption while meeting evolving regulatory and compliance requirements.
CloudSEK raises $10 mn from US state-backed fund
Bengaluru-based cybersecurity firm CloudSEK on Tuesday said it has raised $10 million (around Rs.90 crore) from Connecticut Innovations, the strategic venture capital arm of the State of Connecticut in the US. With this investment, CloudSEK becomes the first Indian-origin cybersecurity company to receive funding from a US state-backed venture fund, the company said in a statement. The funding marks the closure of CloudSEK's Series B round, following its earlier $19 million Series B1 raise. The latest B2 tranche includes a mix of primary and secondary capital. The predictive cyber threat intelligence firm has now raised about $39 million to date at an enterprise valuation of close to $200 million. Indian IT firms announce quarterly results
Tata Consultancy Services (TCS), India's largest software services exporter, posted stronger-than-expected revenue growth in the December quarter, driven by rising demand for artificial intelligence-led technology spending, even as clients remained cautious in a seasonally weak period. The Mumbai-based IT major reported consolidated revenue of Rs.67,087 crore for the third quarter ended December 31, up 4.9% year-on-year, beating analysts' estimates of Rs.66,676 crore, according to LSEG data. Growth came despite the traditional year-end slowdown, when global clients typically scale back discretionary spending. This week, TCS also Tata collaborated with semiconductor AMD to help enterprises scale AI adoption from pilots to production, modernize legacy environments, and build secure, high performance digital workplaces. Infosys posted steady revenue growth in the December quarter, supported by strong demand for AI, and cloud transformation services. The company reported revenue of $5.1 billion, up 1.7% year-on-year and 0.6% sequentially in constant currency. Adjusted operating margin increased to 21.2%, while adjusted free cash flow reached $965 million. Large deal wins totaled $4.8 billion, more than half of which was net new business, highlighting strong traction in multiyear transformation contracts. Further, in HCLTech's third-quarter FY26 results, artificial intelligence and platform-led services featured prominently. The company reported revenue of Rs.33,872 crore for the quarter, up 6.0% sequentially, driven largely by digital, engineering, and AI-related services. In constant currency terms, digital services grew 17.7% year on year and now account for over 43% of services revenue. Firstsource buys TeleMedik for $3 mn
Firstsource Solutions Limited, a global provider of business management services under the RP-Sanjiv Goenka Group, announced the acquisition of TeleMedik, a Puerto Rico-based healthcare technology firm, for up to $3 million. The deal, executed via its U.S. subsidiary Firstsource Health Plans and Healthcare Services, aims to significantly expand the company's footprint in the U.S. healthcare market. The acquisition will bolster Firstsource's end-to-end medical management offerings for health plans, spanning utilisation management, care coordination, clinical intervention and member engagement. It also expands the RP-Sanjiv Goenka Group company's footprint across payer-provider networks in the US, particularly in Puerto Rico, and enhances its Business Process as a Service (BPaaS++) platform for healthcare clients.
Published by HT Digital Content Services with permission from TechCircle.