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As hybrid work becomes mainstream in the pandemic, <keyword id="1591453" type="General" weightage="20" keywordseo="remote-desktop" source="Orion">remote desktop</keyword> software <keyword id="7335024" type="General" weightage="20" keywordseo="anydesk" source="Orion">AnyDesk</keyword> has raised $70 million in its Series C funding, taking its market value to over $600 million. Germany-based AnyDesk has been downloaded more than 500 million times and sees more than 900 million sessions each month on average. The round was led by General Atlantic, with existing investors Insight Partners, EQT Ventures and Possible Ventures also participating, reports TechCrunch. "The goal was that we wanted to make the leanest and smallest software that was easiest for the most people to use," said Philipp Weiser, CEO and co-founder of AnyDesk. AnyDesk can work on connections as low as 100 kbps and still run smooth graphics. "The tech community likes us because of those things," Weiser was quoted as saying in the report on Monday. AnyDesk's customer base has some 80,000 organisations, including educational and government institutions, media companies, IT services firms and others. Individuals can use it for free, while business users can buy services in a variety of tiers, starting at nearly $10 a month. "AnyDesk is a strong example of the agile, forward-thinking companies that are shaping Germany on a broad scale. We believe in the company's ability to create next-generation solutions that meet the needs of this new era of remote work," said Achim Berg, operating partner at General Atlantic. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/used-car-startup-cars-24-not-in-a-hurry-for-ipo-like-droom-and-cartrade-com/slidelist/87743891.cms" data-type="tilCustomLink">INTERVIEW: The CEO of the biggest startup in the used car e-tail explains why he is skipping the 2021 IPO frenzy</a> <a href="https://www.businessinsider.in/personal-finance/news/now-you-can-invest-in-global-blockchain-companies-through-this-mutual-fund-heres-how-to-do-it/articleshow/87724967.cms">Now you can invest in global blockchain companies through this mutual fund ⁠— here's how to do it</a> <a href="https://www.businessinsider.in/cryptocurrency/news/cryptocurrencies-tumble-as-china-continues-its-crackdown-against-mining/articleshow/87738496.cms">Cryptocurrencies tumble as China continues its crackdown against mining</a>

Remote desktop provider AnyDesk raises $70 million at over $600 million valuation

At minus 1.5 degrees Celsius as the minimum temperature, <keyword id="41568" type="General" weightage="100" keywordseo="srinagar" source="Orion">Srinagar</keyword> on Wednesday recorded the <keyword id="932133" type="General" weightage="20" keywordseo="coldest-night" source="Orion">coldest night</keyword> of the season so far while Drass town of Ladakh literally froze at minus 13.0. An official of the <keyword id="6385793" type="General" weightage="20" keywordseo="MeT-department" source="Orion">MeT department</keyword> said Srinagar recorded the coldest night of the season so far on Wednesday as the mercury dropped to minus 1.5 degrees Celsius. "Pahalgam had minus 4.7 and Gulmarg minus 2.0 as the minimum. "Leh town of Ladakh had minus 10.7 and Kargil had minus 8.1. "At minus 13.0, Drass was the coldest place in J&amp;K and Ladakh today. "Jammu city had 9.8, Katra 9.3, Batote 5.4, Banihal 0.6 and Bhaderwah 2.4 as the night's lowest temperature". Sonam Lotus, director of the MeT office for J&amp;K and Ladakh said, "Weather most likely to remain dry till 23rd. Light snow likely over extreme North of Kashmir during 24th night. "On an average minimum temperature to remain below normal by -2 to -3 degrees across J&amp;K except some pockets of Chenab Valley". SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/imd-issues-red-alert-in-tamil-nadus-chennai-kancheepuram-tiruvalllur-and-chengalpattu-districts-on-heavy-rainfall/articleshow/87751352.cms">Meteorological Department issues 'Red alert' in Tamil Nadu's Chennai, Kancheepuram, Tiruvalllur, and Chengalpattu districts on heavy rainfall</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/remote-desktop-provider-anydesk-raises-70-million-at-over-600-million-valuation/articleshow/87751394.cms">Remote desktop provider AnyDesk raises $70 million at over $600 million valuation</a>

Srinagar records the coldest night of the season on Wednesday

The <keyword id="69026" type="General" weightage="20" keywordseo="Meteorological-Department" source="Orion">Meteorological Department</keyword> has issued a red alert in <keyword id="12864" type="General" weightage="20" keywordseo="Chennai" source="Orion">Chennai</keyword>, <keyword id="6356822" type="General" weightage="20" keywordseo="Kancheepuram" source="Orion">Kancheepuram</keyword>, <keyword id="2564178" type="General" weightage="20" keywordseo="Tiruvalllur" source="Orion">Tiruvalllur</keyword>, and <keyword id="747320" type="General" weightage="20" keywordseo="Chengalpattu" source="Orion">Chengalpattu</keyword> districts on heavy rainfall following a low pressure on Wednesday and Thursday. The weather department predicted that low pressure was reaching the coast and this could lead to heavy rains in Chennai and adjoining districts till Thursday night. Weathermen said that rains could lash isolated areas in Chennai and adjoining districts and 20mm rainfall is expected on Wednesday and Thursday. The Meteorological Department has also reported that there will be squally weather with wind speed reaching 40kmph to 50kmph and could touch 60kmph for the two days. The low-pressure area with associated cyclonic circulation is over the Bay of Bengal and could reach the South Andhra Pradesh and North Tamil Nadu coast by November 18. Following heavy rains, waterlogging, and inundation in parts of Chennai and adjoining districts, several people were staying in relief camps and the Greater Chennai Corporation has been taking steps to relocate them back to their homes. However, around 848 people are still staying in relief camps. Even on Tuesday, 16 streets in nine locations of Chennai were flooded with water and water was being pumped out. According to a senior official with the Greater Chennai Corporation, 426 pumps were used for flushing out water. The Rangarajapuram subway was flooded and closed and traffic was diverted and Greater Chennai Corporation officials were gearing up to prepare themselves for the red alert warning. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/remote-desktop-provider-anydesk-raises-70-million-at-over-600-million-valuation/articleshow/87751394.cms">Remote desktop provider AnyDesk raises $70 million at over $600 million valuation</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/hotmail-cofounder-launches-social-video-messaging-platform-showreel/articleshow/87750865.cms">Hotmail co-founder wants to help people find jobs through TikTok-like video resume platform ‘ShowReel’</a>

Red alert in Tamil Nadu's Chennai, Kancheepuram, Tiruvalllur, and Chengalpattu districts on heavy rainfall

BCCI President <keyword id="6359039" type="General" weightage="20" keywordseo="sourav-ganguly" source="Orion">Sourav Ganguly</keyword> on Wednesday has been appointed as the chair of the <keyword id="12549888" type="General" weightage="20" keywordseo="ICC-Mens-cricket-committee" source="Orion">ICC Men's Cricket Committee</keyword>. Ganguly, the former India captain, succeeds his former team-mate and India captain Anil Kumble, who stepped down after having served the maximum of three three-year terms. The decision was taken at the International Cricket Council (ICC) Board Meeting in Dubai on Tuesday. "I am delighted to welcome Sourav to the position of Chair of the ICC Men's Cricket Committee. His experience as one of the world's best players and latterly as an administrator will help us shape our cricketing decisions moving forward. I would also like to thank Anil for his outstanding leadership over the last nine years which has included improving the international game through more regular and consistent application of DRS and a robust process for addressing suspect bowling actions," said ICC chairman <keyword id="6758293" type="General" weightage="20" keywordseo="greg-barclay" source="Orion">Greg Barclay</keyword>. The <keyword id="209835" type="General" weightage="20" keywordseo="icc-board" source="Orion">ICC Board</keyword> also approved the continuation of the ICC World Test Championship (WTC) in its current form of a nine-team league over a two-year period with a final between the top two teams at the conclusion. Following the expansion of the ICC Men's Cricket World Cup to a 14-team event in the next cycle (2027), the Board has accepted a recommendation from the Chief Executives' Committee (CEC) that the primary avenue for qualification for the event is based on rankings at a pre-determined cutoff date with the 10 highest-ranked teams on the Men's ODI Rankings qualifying automatically, and the remainder being determined via a global qualifier. The Board has approved first-class status and List A classification being applied to women's cricket to align with the men's game and applied retrospectively. In coming time, the ICC Women's Committee will be known as the ICC Women's Cricket Committee and will assume all decision-making responsibility for women's cricket reporting directly to the CEC. Johnny Grave, CEO of Cricket West Indies, has been appointed to the ICC Women's Cricket Committee. "This has been an extremely productive set of Board meetings and I'd like to thank my fellow Board Directors for their efforts in travelling to Dubai to enable us to enjoy our first face to face meeting in more than two years. International travel is not easy in COVID times, but we have achieved a significant amount by being in the same room," added Barclay. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/qualcomms-chipsets-will-drive-bmws-next-gen-cars/articleshow/87754100.cms">Qualcomm's chipsets will drive BMW's next gen cars</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/remote-desktop-provider-anydesk-raises-70-million-at-over-600-million-valuation/articleshow/87751394.cms">Remote desktop provider AnyDesk raises $70 million at over $600 million valuation</a>

BCCI president Sourav Ganguly appointed as chair of ICC Men's cricket committee

The excitement around Go Fashion IPO is making money for shareholders of TCNS Clothing too

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li>Swedish investment firm EQT Ventures employs a proprietary AI and big data tool to identify hot startups to invest in as it looks to stay ahead of the pack in Europe.</li><li>The fund's data-driven efforts have seen four of its last 10 investments come through its "Motherbrain" technology.</li><li>EQT says investors which don't become data-driven risk being left behind in the future. </li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>Investors across all asset classes are are always looking for a cutting edge over the competition but the pace of change has been markedly slower in venture capital than in other sectors.That may be changing as the industry looks to adopt algorithmic and data-driven investing as standard, with Sweden's EQT Ventures set up deliberately for that purpose.EQT Ventures is a relatively new fund within the Stockholm-based private equity group EQT which covers traditional sectors in credit, public equities, and infrastructure. One of the firm's cofounders, EQT Ventures partner Lars Jörnow, estimates that four of the fund's last 10 investments have come through Motherbrain, its propriety AI platform.Motherbrain, <a href="https://www.businessinsider.com/eqt-ventures-partner-reveals-why-ai-is-the-future-of-venture-capital-2018-8?r=US&amp;IR=T">referred to as a she with her own email address at the fund</a>, has scanned more than 10 million startups, and is an essential part of the operations of EQT as the VC firm looks to compete with larger funds."We're in a competitive situation where founders have the choice of many funds which is hard to quantify so we think long term, 15-20 years from now, if you're not data-driven you won't be around anymore," Jornow told Business Insider in an interview at Web Summit in Lisbon.The platform is built out of a variety of data sources including website traffic, app store downloads, valuation data, fundraising news, financial data, and investor information alongside other inputs from members of the EQT Ventures team.Some of the recent investments made through Motherbrain include Amazon Go competitor <a href="https://techcrunch.com/2019/07/25/standard-cognition-lands-35m-at-535m-valuation-to-battle-amazon-go/">Standard Cognition</a>, augmented reality gaming studio WarDucks, college student career network Handshake, and remote desktop company AnyDesk.<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div>The example of AnyDesk is cited by Jörnow as proof of Motherbrain's value to the fund. The company, which raised a €6.5 million ($7.8 million) Series A last May, is based in Stuttgart and seemed to have been passed over by Berlin's VC scene but its activity was picked up by Motherbrain, leading to EQT Ventures' investment.The firm's first investment through Motherbrain was Danish employee data startup Peakon in 2017.Unsurprisingly, the fund is bullish on Motherbrain's future uses. Jörnow predicts that some 90% of the firms investment decisions will come through Motherbrain in the next five years.<h3>Unicorn hunting and breaking tradition</h3>Motherbrain's applications are breaking the mold in the world of venture capital where personal connections and stereotypes of an "old boys' network" can still apply. However, EQT Venture's operating partner for analytics, Henrik Landgren says that EQT will soon do away with many traditional data sources. "We don't need to see pitch decks, even great ones, or pitches from our close friends because we already have the data on these companies."The platform would have successfully picked out a number of - undisclosed - unicorns in the market with its current configurations, EQT claimed. Landgren indicated that the fund is constantly adding sources to Motherbrain and that as much time is spent analyzing and learning from existing data sets as looking for new ones.His data team is now six people out of a total at 15 across the EQT firm which has more than $45 billion in AUM, of which its venture arm is approximately $650 million emphasising its focus on data.Not everyone is convinced by the move to big data in venture, though. Last year multiple people left <a href="https://www.businessinsider.com/social-capital-founding-partner-ted-maidenberg-is-joining-arjun-sethis-new-vc-firm-2018-7?r=US&amp;IR=T">Silicon Valley fund Social Capital after it announced a move towards more data-driven decision making</a>.But the trend is becoming more common. Notably GV (formerly Google Ventures), Correlation Ventures, Fly Ventures, and of course the aforementioned Social Capital pioneered "CaaS" - capital-as-a-service, in imitation of software-as-a-service.Notably, as big data and analytics transform other market sectors it seems EQT have made this pursuit one of its central pillars across its portfolio. Earlier this year it was reported that the fund would let Motherbrain loose on its buyout fund which could significantly improve deal flow information and report making within the private equity group, <a href="https://www.bloomberg.com/news/articles/2019-06-26/eqt-s-motherbrain-ready-to-take-on-46-billion-in-buyout-funds">per a Bloomberg report</a>.There is still plenty to iron out. "We haven't even started," Landgren added. "It's a no-brainer that you would use tech to invest in tech companies so we will improve our algorithms. Soon all funds will be talking about using data."

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Remote desktop provider AnyDesk raises $70 million at over $600 million valuation

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Srinagar records the coldest night of the season on Wednesday

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Red alert in Tamil Nadu's Chennai, Kancheepuram, Tiruvalllur, and Chengalpattu districts on heavy rainfall

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BCCI president Sourav Ganguly appointed as chair of ICC Men's cricket committee

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The excitement around Go Fashion IPO is making money for shareholders of TCNS Clothing too

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Eschewing pitch decks and personal connections in favour of data - here's how a European investor uses AI to stay on top

Callum Burroughs,Callum Burro…

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