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CYSEC GLOBAL returns with Indonesia’s biggest cybersecurity summit of the year, CYSEC INDONESIA 2026

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August 2026: Indonesia’s premier cybersecurity summit, CYSEC INDONESIA 2026, the 21st Global Edition of CYSEC GLOBAL, is taking place on 20th August, 2026, at the Four Seasons Hotel, Jakarta.

Cyber governance leaders, CISOs, CIOs, cybersecurity VPs, and IT/OT Security Heads will be in attendance to discuss Indonesia’s most pressing cybersecurity issues.

The closed-door cybersecurity summit spotlights themes such as zero trust architecture and identity modernization, critical infrastructure and OT/ICS security, AI-powered security and autonomous threat defence among others.

CYSEC INDONESIA 2026 is honored to feature the Indonesia Industrial Cybersecurity Society (ID-ICS), Academic Computer Security Incident Response Team (ACAD CSIRT), The Indonesian Digitalization and Cybersecurity Association (ADIGSI), and ISC2 Jakarta Chapter as its supporting partners.

The flagship summit features eminent cybersecurity leaders from leading organizations like Ministry of Communication and Digital Affairs (KOMDIGI), Ministry of Health, National Agency for Research and Innovation (BRIN), KADIN, Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), Toyota Astra Motor, PT Pertamina Bina Medika IHC, and PT. Tiki Jalur Nugraha Ekakurir (JNE).

CYSEC INDONESIA 2026 is supported by leading global cybersecurity and technology companies, including Bitdefender, Exabeam, Ampcus, Sechard, Manage Engine, Checkmarx, agiva and promon.

We have an esteemed group of leading publications joining us as our media partners, including TekAfrika, Capital Bay News, NEN Digital, News Patrolling, IT Knowledge Partner, My Security Marketplace, MY Security Media, Business Review Live, ZEX PR Wire, Tech Revolt, World Business Outlook, Gazet International and Security Fire Africa.

CYSEC GLOBAL invites cybersecurity professionals, industry leaders, technology innovators, and decision-makers to join CYSEC INDONESIA 2026 and be part of the conversation shaping Indonesia’s cybersecurity future.

For more details about CYSEC INDONESIA 2026, please visit: https://indonesia.cysecglobal.com/

About CYSEC GLOBAL

CYSEC GLOBAL is a leading organizer of international technology and cybersecurity conferences and summits, dedicated to advancing dialogue, innovation, and collaboration across emerging digital domains. With a portfolio spanning AI, Cybersecurity, Cloud, and Digital Transformation events, CYSEC GLOBAL connects global visionaries, industry leaders, and solution providers to accelerate innovation and drive real-world impact.

Malaysia’s AI Future Takes Centre Stage as World AI Show Returns for Its 48th Global Edition

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Kuala Lumpur, 12 August 2026 – Artificial intelligence has moved beyond being an emerging technology to become a defining pillar of Malaysia’s economic and digital ambitions. As the country accelerates investments in AI infrastructure, sovereign cloud capabilities, and enterprise-wide transformation, the focus has shifted from experimentation to execution. Against this backdrop, World AI Show Malaysia returns for its 48th Global Edition on 9–10 September 2026 at DoubleTree by Hilton Kuala Lumpur, Malaysia, convening the policymakers, enterprise leaders, technology pioneers, investors, and innovators who are shaping the country’s next chapter of AI-led growth.

Presented by Trescon, World AI Show Malaysia carries this year’s tagline, “Where Malaysia’s AI Decisions Get Made.” As the country transitions into a strategic AI hub for Southeast Asia and organisations across both the public and private sectors define their AI roadmaps, modernise digital infrastructure, and establish governance frameworks for responsible innovation, the event will provide an executive platform dedicated to meaningful dialogue, strategic partnerships, and commercially relevant outcomes.

The programme has been curated to address the opportunities and complexities surrounding enterprise AI adoption, sovereign cloud, intelligent infrastructure, cybersecurity, data governance, and responsible AI implementation. Over two days, attendees will engage through keynote addresses, executive panel discussions, fireside conversations, invitation-only boardroom sessions, technology showcases, curated networking engagements, and business meetings designed to facilitate knowledge exchange and cross-sector collaboration.

The conference will feature an impressive line-up of distinguished government and industry leaders, including:

• Budiman Bujang, Deputy Chief Digital Officer, Johor Corporation

• Ts. D. Jackson Raao, Principal Assistant Secretary, Ministry of Science, Technology and Innovation (MOSTI)

• Jamie Tan, Managing Director, JLL Malaysia

• Ganeshbabu Nagarajan, Executive Director – Transformation Programmes, Standard Chartered Bank

• Chua Yong Howe, Chief Digital Officer, UEM Edgenta Berhad

• Shahrin Oli Mohamed, Group Chief Technology Officer, Pos Malaysia Berhad

• Keeratpal Singh, Chief AI and Data Officer (APAC Financial Services), Worldline

• Dr. Sadesh Manikam, Executive Vice President, Enterprise Data Office & Data Protection Officer, Bursa Malaysia

• Ts. Zairil Anuar Ahmad, Chief Technology Officer, Co-opbank Pertama

• Ahmad Faiz, Head – Data & AI, Global Technology Unit, BASF

• Raunak Mehta, Chief Executive Officer, Igloo

• Muhammad Najib Masdan, Senior Vice President, Khazanah Nasional Berhad

• Ts. Narayanan Chidambaram, Head Project Engineering Pod (Technology & Digital PE&T – Digital Project Management) PETRONAS

• Mohamed Aafrin, Director of Engineering, DKSH

• Sudeep Srivastava, Head – KL IT Center SLB (Schlumberger)

• Hong H. Ong, Director of Digital Technology, Labuan Financial Services Authority

• Mohd Hanapi Bisri, Senior Digital Industry Leader- Oil & Gas

• Dario Bianchi, Chief Product Officer, Mindvalley

• G Saravanan, Chief Information Officer, National Cancer Society Malaysia

Reflecting on Malaysia’s AI trajectory, Ts. D. Jackson Raao, Principal Assistant Secretary, MOSTI, said:

“Malaysia is at a pivotal stage where artificial intelligence is becoming a key driver of national transformation. As we accelerate AI adoption across industries, our focus must remain on responsible innovation, robust governance, strong cybersecurity, and developing a future-ready talent ecosystem. By doing so, Malaysia is well-positioned to emerge as a trusted regional leader in safe and sustainable AI innovation.”

An ecosystem of public sector and technology organisations is supporting this year’s edition. CyberSecurity Malaysia joins as the Supporting Partner, reinforcing the importance of building a secure and trusted digital ecosystem.

Datadog joins as the Lead Sponsor, Magure as the Platinum Sponsor, Bitdeer AI as the Gold Sponsor, and Alibaba Cloud and Unison Consulting Sdn Bhd as Bronze Sponsors. The exclusive CXO Boardroom sessions will be powered by Zoom and Datadog, while CloudSpace will participate as an exhibitor, showcasing cloud and AI capabilities to enterprise decision-makers.

Designed exclusively for senior executives, government representatives, and technology leaders, World AI Show Malaysia 2026 will provide a platform where strategic priorities are translated into actionable partnerships, investment opportunities, and real-world AI deployments. As Malaysia continues to strengthen its position within the regional AI landscape, the summit is set to become a key meeting point for organisations shaping the future of intelligent enterprise across Southeast Asia.

CLAIM YOUR DELEGATE PASS: Click here

For sponsorship opportunities, speaking engagements, or attendance information, please contact:

Shrikanth Prabhu

Commercial Director

Email: prabhu@tresconglobal.com

Mobile: +91 8660115892

About Trescon

Trescon is a global business events and consulting firm specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, expos, investor connect, and consulting services. For more information, visit: www.tresconglobal.com

Logistics startup Porter revenue jumps 54% to Rs 6,649-Crore in FY26

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Bengaluru-based on-demand logistics platform Porter recorded a 54% increase in operating revenue to Rs 6,649 crore in fiscal year 2026, marking its fifth consecutive year of growth above 50%.

The company also posted a nearly four-fold increase in net profit to Rs 229 crore for the year ended March 31, according to regulatory filings with the Registrar of Companies. FY26 marked Porter’s second consecutive profitable year.

Porter’s bottomline benefited from a Rs 32-crore deferred tax benefit. However, the company remained profitable before tax as well, with improved operating leverage during the year helping strengthen its margins.

The company’s earnings before interest, taxes, depreciation and amortisation (Ebitda) more than tripled to Rs 159 crore in FY26, compared with Rs 48 crore in FY25.

Porter’s largest expense, fleet operator costs, increased 58% to Rs 5,849 crore during FY26. The rise came as the logistics company continued expanding its operations and geographical footprint.

Backed by investors including Kedaara Capital and Wellington Management, Porter has developed a full-stack, multi-category logistics platform. Its single app brings together services including last-mile delivery, parcel movement and intercity relocations.

The company primarily caters to micro, small and medium enterprises (MSMEs). It also generates a smaller share of revenue from business-to-consumer (B2C) services, including movers and packers and peer-to-peer parcel delivery.

Porter has continued to expand its presence across India and currently operates in more than 50 cities. Its expansion, however, comes amid intensifying competition across several segments of the logistics market.

Over the past 15-18 months, Porter has faced competition from both new entrants targeting its core business and established players moving into adjacent segments.

Uber, for instance, has entered the on-demand aggregation market for larger vehicles used for goods transportation.

Porter also competes with Uber, Rapido, Borzo and new-age logistics company Delhivery in two-wheeler parcel delivery. Delhivery launched its hyperlocal courier service, Delhivery Direct, last year.

Despite the competitive environment, Porter has continued to scale its operations while improving profitability. The company’s FY26 performance reflects both sustained revenue expansion and stronger operating leverage, with Ebitda rising significantly during the year.

Porter raised a $300-million funding round in 2025 at a valuation of $1.2 billion. The financing also resulted in Peak XV Partners, one of the company’s early backers, exiting its investment.

With revenue growth remaining above 50% for five consecutive years, Porter has continued to expand its multi-category logistics platform while maintaining profitability for the second straight fiscal year. The company’s ability to scale across more than 50 cities while navigating growing competition will remain central to its next phase of growth.

Mezzo Mezzo at JW Marriott Mumbai Juhu Honored with Best Specialty Cuisine – European at the Travel + Leisure India & South Asia Delicious Dining Awards 2026

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Mumbai, August 2026: Mezzo Mezzo, the signature modern European restaurant at JW Marriott Mumbai Juhu, has been recognized as Best Specialty Cuisine – European at the Travel + Leisure India & South Asia Delicious Dining Awards 2026. Chosen through readers’ votes, the accolade honors restaurants that have earned acclaim for culinary excellence, refined hospitality, and memorable dining.

Set against panoramic views of the Arabian Sea, Mezzo Mezzo presents a contemporary interpretation of European cuisine, where seasonal ingredients, bold flavors, and impeccable technique come together with artisanal cocktails and the theatre of an open kitchen. Sophisticated yet inviting, the restaurant has become a destination for guests seeking an elevated dining experience shaped by authenticity and effortless elegance.

At the heart of Mezzo Mezzo is a philosophy rooted in simplicity, seasonality, and craftsmanship. Every menu reflects a thoughtful balance of tradition and innovation, allowing quality ingredients and refined techniques to take center stage. From the first to the final course, every detail is designed to create moments that are both personal and enduring.

“This recognition is a celebration of the people who bring Mezzo Mezzo to life each day. It reflects the passion, creativity, and dedication of our chefs, restaurant associates, and every member of the team who continually strives to create memorable moments for our guests. We are honored to be recognized by the readers of Travel + Leisure India & South Asia, and this achievement inspires us to continue evolving Mezzo Mezzo while remaining true to the thoughtful service, culinary excellence, and genuine care that define the JW Marriott experience.” – Deep Vahi, Hotel Manager, JW Marriott Mumbai Juhu.

This recognition marks another milestone in Mezzo Mezzo’s culinary journey, reaffirming its commitment to creating experiences where exceptional cuisine, intuitive service, and meaningful connections come together effortlessly. As the restaurant continues to evolve, it remains dedicated to celebrating modern European dining through creativity, precision, and a genuine passion for bringing people together around the table.

About JW Marriott Hotels & Resorts

JW Marriott is part of Marriott International’s luxury portfolio of brands and consists of beautiful properties and distinctive resort locations around the world. Inspired by the principles of mindfulness, JW Marriott is a haven designed to allow guests to focus on feeling whole – present in mind, nourished in body, and revitalized in spirit – through programs and offerings that encourage them to come together and experience every moment to the fullest. Today there are more than 100 JW Marriott hotels in over 30 countries and territories worldwide that cater to sophisticated, mindful travelers who come seeking experiences that help them be fully present, foster meaningful connections and feed the soul. Visit JW Marriott online, and on Instagram and Facebook. JW Marriott is proud to participate in Marriott Bonvoy, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.marriott.com.

About Marriott International, Inc

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform.

For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

ProMiller expands hotel portfolio with five new signings across India

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Sahil Pandita, Founder of ProMiller

Hotel management firm ProMiller has expanded its portfolio with the addition of five hotels and resorts during the first quarter of FY 2026-27. The new mandates span boutique and luxury hospitality assets across Kashmir, Maharashtra and Rajasthan, strengthening the company’s presence in both established and emerging tourism destinations.

The latest signings mark a new stage in ProMiller’s growth strategy. The company has spent the past several years building its organisational capabilities, operational systems and management processes before beginning to scale its portfolio.

With these foundations now established, ProMiller has started expanding while maintaining what it describes as a disciplined and selective approach to growth.

The expansion comes as hotel management companies continue to pursue new management partnerships across India, with the number of sign-ups increasingly regarded as an important growth metric in 2026. However, ProMiller said rapid portfolio expansion can also divide attention across assignments, potentially affecting strategic alignment with owners, operational focus at properties and execution depth among teams.

Against this backdrop, ProMiller plans to add seven more properties during the remainder of FY 2026-27. This would take the company’s total planned signings for the financial year to 12.

Rather than prioritising rapid portfolio growth, ProMiller said it intends to maintain closer engagement with each property. The company evaluates prospective partnerships based on ownership alignment, long-term asset potential and strategic objectives, while favouring new-age owners whose progressive outlook matches its long-term approach to hospitality.

“I’ve always believed that real growth doesn’t come from growing fast; it comes from building strong foundations. We don’t build businesses around individuals; we build organizations that can outlast every individual, including their founders. That’s why, at ProMiller, the organization will always come first, even before its owners, even before us. Those foundations have given us the confidence to expand, but they haven’t changed how we grow. We often describe our philosophy as choosing the elephant over the cheetah. We’d rather grow steadily, remain selective and give every partnership the attention it deserves than pursue scale for its own sake,” said Sahil Pandita, Founder of ProMiller.

The company develops customised operational and commercial strategies for individual properties, continuing its approach of providing dedicated attention to each assignment instead of applying a standardised management model across its portfolio.

ProMiller also acknowledged the contribution of its property owners, mentors, patrons, employees and industry partners. The company said their trust, guidance and collaboration have supported its continued development.

The five signings made during the opening quarter represent the beginning of ProMiller’s next growth phase following several years of investment in capabilities, systems and governance. With seven additional partnerships planned for FY 2026-27, the company intends to continue expanding its portfolio while maintaining its selective, personalised and execution-focused approach to hotel management.

The World Surat achieves 5-Star status, boosts Surat hospitality

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The World Surat has received the prestigious 5-Star Classification from the Ministry of Tourism, Government of India, marking a significant milestone for the property and Surat’s growing hospitality sector.

The recognition makes The World Surat one of the few hotels in Gujarat to receive the Ministry of Tourism’s 5-Star Classification. It also places the property among India’s officially classified 5-Star hotels, recognising its compliance with national standards for luxury hospitality, service excellence and operational quality.

The Ministry of Tourism’s classification process involves an extensive assessment of a hotel’s infrastructure, engineering systems, guest facilities, operational standards, service quality, food and beverage offerings, safety protocols, sustainability measures, accessibility, technology integration and overall guest experience.

The process also requires hotels to submit and verify more than 30 licences, statutory approvals and supporting documents. Hospitality experts regard the exercise as one of the industry’s most rigorous due diligence processes, with the Government examining multiple aspects of a property before awarding its highest category of recognition.

While many premium hospitality projects require years of operations before achieving the classification, The World Surat has met the required national benchmarks.

“The 5-Star Classification is more than a milestone for The World Surat; it reflects Surat’s established position as a global business and hospitality destination. Our vision has always been to create world-class infrastructure that complements the city’s remarkable growth and future aspirations. This recognition reinforces our commitment to positioning Surat among India’s leading destinations for business, tourism and international hospitality,” said Keyur Kheni, Founder & Custodian of the brand Hindva.

The recognition comes as Surat continues to strengthen its position as a major economic centre. Globally recognised as the Diamond City and one of India’s leading textile and manufacturing hubs, the city has expanded its infrastructure, smart urban planning and entrepreneurial ecosystem over the decades.

Despite its economic importance, Surat had long lacked a hospitality destination capable of catering to international business travellers, multinational corporations, investors, convention delegates and luxury leisure guests with facilities aligned with its global ambitions.

The World Surat has been developed to address this requirement while raising the city’s hospitality standards. Located in one of India’s fastest-growing economic regions, the property has been planned with a long-term vision linked to the country’s next phase of infrastructure-led growth.

The Mumbai–Ahmedabad High-Speed Rail corridor is expected to further transform regional connectivity. In the years ahead, Surat is expected to gain significantly faster connections, with journey times to Mumbai and Ahmedabad projected to be around an hour.

The expanding high-speed rail network is also expected to strengthen connections across northern and southern India, linking major destinations from Jaipur and Delhi to Pune, Hyderabad and Bengaluru. This places The World Surat within an expanding economic corridor that is expected to play a significant role in India’s growth story.

Major hospitality developments around transportation hubs have emerged as important destinations in cities worldwide. Hotels near New York’s Grand Central Terminal, London’s St. Pancras International and Waterloo, Paris’s Gare de Lyon, Tokyo Station, and Seoul Station have benefited from connectivity and sustained business activity.

Against this backdrop, The World Surat has been envisioned as a future hospitality landmark as the city enters a new phase of infrastructure development. The property has been designed as an integrated hospitality destination combining luxury accommodation, premium dining, grand convention and banquet facilities, business spaces, lifestyle amenities and a state-of-the-art Data Storage Centre with ITeS facilities.

Royal Orchid Hotels Limited (ROHL), one of India’s established hospitality companies, professionally manages the property. The arrangement brings together Hindva’s development vision and ROHL’s hotel operations expertise.

The World Surat has also established itself as a destination for cultural experiences, including ‘Nav Avsar’, one of India’s prestigious and luxurious Navratri celebrations. Presented by the Hindva Group, Nav Avsar has developed into a major festive event, attracting participants and visitors from across the country year after year.

The 2026 edition of Nav Avsar will be exclusively curated by Parthiv Gohil and his team. Gohil is a renowned singer, composer, creative producer and one of Gujarat’s respected cultural visionaries.

As the Creative Producer of the musical spectacle Rajadhiraaj – Love. Life. Leela. and a driving force behind several successful Gujarati films and large-scale cultural productions, Parthiv Gohil brings a creative approach that combines tradition with contemporary entertainment for the upcoming Navratri experience.

Developed by the renowned Hindva Group, The World Surat forms part of the Group’s broader vision to create landmark developments contributing to Gujarat’s long-term growth. The Group also operates across multiple business sectors through strategic initiatives.

Among these businesses is HeartSheai Fintech Innovation Ltd., Hindva’s asset management company headquartered in GIFT City, Gujarat.

Recently, the company announced a strategic partnership with Mumbai-based Recce Digital Ventures, which operates under the FastRecce brand. FastRecce is India’s only end-to-end platform for location scouting, production management and production bookings.

FastRecce works with several of Mumbai’s leading film production houses and supports projects spanning films, OTT productions, television commercials, music videos, vertical dramas and VFX productions.

One of its key features is Reimagine, an AI-powered visualisation tool that allows production studios and filmmakers to digitally reimagine locations, sets and production environments during the planning process. The tool is designed to help production teams make faster and more informed creative decisions.

The platform manages more than 3,000 filming production locations across India and also owns and develops studio setups and custom-built sets. These include its own iconic plane-scene set featured in Aditya Dhar’s recent blockbuster film Dhurandhar.

Through its B2B production services, the platform has also supported multiple film productions, including the recent multi-starrer Welcome to the Jungle.

The World Surat’s 5-Star Classification marks a significant recognition for the property while reinforcing Surat’s emergence as a major business, tourism and hospitality destination. With its integrated hospitality offering, professional management by ROHL, cultural programming and strategic location within a rapidly developing economic corridor, the property is positioned to play a larger role in Surat’s evolving hospitality landscape.

Bestinn Hospitality signs three-property partnership in Tamil Nadu

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Bestinn Hospitality Pvt. Ltd. has entered into a strategic three-property partnership with Mr. Satish Kumar, an entrepreneur, investor and distinguished engineer whose business interests span educational institutions, real estate promotion, construction and hospitality.

The agreement covers three hospitality assets across Tamil Nadu, significantly expanding Bestinn’s portfolio while strengthening its strategic presence in South India.

In the first phase of the partnership, Bestinn will add two properties to its portfolio by the end of August 2026. The company will add a third property, currently under development, in the subsequent phase.

Bestinn and the property owner have structured the partnership around performance-linked objectives to drive commercial performance, enhance guest experiences and create sustainable long-term value.

Bestinn will adopt an individual approach for each property based on its character, destination and target market. The company will draw on its capabilities in hotel operations, revenue management, sales, distribution, brand positioning and guest experience to improve performance while retaining each property’s distinct identity.

Details about the individual properties, including their positioning and launch timelines, will be announced in due course.

Commenting on the partnership, Mr. Satish Kumar said, “Selecting a partner for multiple properties requires confidence in its capabilities, commercial approach and long-term vision. Bestinn combines strong regional understanding with the agility and discipline needed to unlock the potential of each property. This partnership reflects our shared commitment to creating distinctive hospitality experiences while building enduring value.”

Mr. Sajju Sasidharan, Co-founder of Bestinn Hospitality Pvt. Ltd., said, “This partnership marks an important milestone in Bestinn’s growth journey and reflects the confidence that hotel owners are placing in our vision and capabilities. Bringing three properties into our network through a single partnership demonstrates the scalability of our operating model and reinforces our ambition to become one of South India’s preferred hospitality management companies.”

Arvind Viegas, Chief Operating Officer of Bestinn Hospitality Pvt. Ltd., added, “With two properties joining our portfolio by the end of August and another already in the pipeline, this partnership provides immediate momentum to our expansion in Tamil Nadu. Our focus will be on unlocking the commercial potential of each property through strategic positioning, disciplined revenue management, expanded distribution and operational excellence while delivering memorable guest experiences.”

Bestinn Hospitality currently operates a growing portfolio of 15 properties across business and leisure destinations. The company is expanding through hotel management agreements and performance-linked partnerships, backed by centralized commercial capabilities and on-property operational expertise.

The three-property agreement adds further momentum to Bestinn’s South India growth strategy, while its performance-linked structure is designed to align operational execution with commercial outcomes. With two properties set to enter the portfolio by the end of August 2026 and a third already under development, Bestinn is continuing to build its hospitality platform across South India through professionally managed, independently positioned hotels.

Joby Aviation to acquire Resonant Sciences in $500 Million deal

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JoeBen Bevirt, CEO, Joby Aviation

Joby Aviation will acquire defense technology company Resonant Sciences for about $500 million as the electric vertical take-off and landing aircraft (eVTOL) maker seeks to expand its presence in the growing defense market.

The acquisition comes as eVTOL companies increasingly turn their attention to military applications. Commercial development has taken longer than expected, while defense spending has increased amid wars in Ukraine and the Middle East.

Joby will continue developing its air taxi eVTOL while shifting its defense programs, including hybrid and autonomous VTOL projects, under Resonant Sciences.

Based in Dayton, Ohio, Resonant designs, manufactures and delivers advanced radio-frequency and mission systems for U.S. national security customers.

Its systems “help aircraft see, communicate, and operate in complex ⁠environments”, Joby CEO JoeBen Bevirt told.

“So, this allows our commercial team to be laser-focused on delivering on the air taxi mission”, while potentially opening new markets for Joby by pairing its products with Resonant’s technologies, Bevirt said.

Shares of Santa Cruz, California-based Joby fell 6.5% in premarket trading following news of the transaction.

Joby expects to finance the acquisition with about $450 million in cash and $50 million in its common stock.

The transaction is expected to close in the first half of 2027. Once completed, the combined company will have about 1 million square feet of manufacturing, integration and testing space across the Dayton region.

Following the closing, Resonant will become Joby’s dedicated defense business. It will include Resonant’s hybrid aircraft and autonomy technologies, while Joby’s commercial aircraft business will continue to focus on its electric air taxi initiatives.

Joby said the acquisition will allow it to maintain a clear focus on its commercial air taxi program while creating opportunities to expand its defense activities. The deal also gives the company additional manufacturing, integration and testing infrastructure in the Dayton region.

The acquisition reflects Joby’s strategy of maintaining its commercial eVTOL development while building a dedicated defense business through Resonant Sciences. The transaction is expected to close in the first half of 2027, after which Resonant will operate as Joby’s dedicated defense business and Joby’s commercial unit will remain focused on electric air taxis.

Lane Raises ₹8.5 Crore to Fix How India Learns Driving

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Lane (inlane.in) is building the driver intelligence infrastructure underpinning the next generation of driving education and vehicle ownership in India. Kae Capital led the round, with participation from DeVC, Antler India and Panthera Peak.

National, 12th August 2026 — Lane, a tech-enabled driving education and mobility platform, has raised ₹8.5 crore in a round led by Kae Capital, with participation from DeVC, Antler India, and Panthera Peak as well as prominent Angels.

The company is tackling a problem India has left unsolved for decades: the absence of structured, high-quality driver education at scale.

The stakes are high. More than 1.7 lakh people die on Indian roads every year, roughly twenty every hour. Most Indian drivers learn informally, from family or friends, and the formal test itself is run at 10-15 km/h on a fixed track, nothing like real traffic. India has about 1% of the world’s vehicles but accounts for nearly 11% of its road deaths. The biggest gap is the near-total absence of a rigorous, accountable system for teaching people to drive.

The insight behind the category

Lane was founded by Samiksha Agarwal in 2025, who spent her career in VC and finance but always came back to one passion: driving. That led her to a simple observation — India has 250 million licence holders, but most were never actually taught to drive.

“Every driving school in India chases the same thing: the licence,” Samiksha says. “We’re after something harder and far more valuable — a confident, competent driver. Confidence behind the wheel is a life skill: built once, carried forever.”

In 18 months, Lane has delivered 30,000+ hours of instruction to more than 3,100 learners, making it one of the largest structured driver-education platforms in the country. Nearly 70% of its customers already held a licence when they signed up — proof of the gap between getting a licence and knowing how to drive.

Lane’s safety-first method was developed over 400+ hours of pilot classes, with input from automobile researchers. Instructors are held to the same bar: every partner is assessed across 15 driving parameters, including simulated lessons. Those who qualify can earn ₹80,000–90,000 a month, working within micro-markets close to home.

From education to ownership

Education is the entry point, not the endgame. Lane has begun offering car purchases, RTO services and more to its learners — with nearly 60% expressing intent to purchase their first car.

“We’re not in the business of repeat enrollments,” Samiksha says. “We’re in the business of building trust that lasts well beyond the last driving class.”

The bigger bet: driver intelligence at scale

Longer term, Lane is building an AI-powered, automotive-grade system for the full mobility journey — with education as the entry point and driver intelligence as the long game.

Sunita Viswanathan, Partner, Kae Capital: “What convinced us wasn’t just the size of the category, but where it sits in a person’s life; the moment you learn to drive is the moment you start thinking about owning, insuring, and building a life around a car. Samiksha found the right entry point, and she’s exactly the founder to build from it.”

At its core is a sensor-based system that turns every driving session into behavioural data, building a living driver profile for each learner. For insurers, that means pricing risk on how someone actually drives, not on static categories. For manufacturers, it means comparable, real-world data on how vehicles perform. And for the country, it means a genuine picture.

of how India’s 250 million licence holders drive — the foundation for incentive systems that reward safe behaviour and give policymakers something enforcement alone never could.

A partner to India’s road safety mission

India’s governments have put road safety firmly on the national agenda — from mandatory highway ambulances to Good Samaritan protections. What no public institution can build alone is the on-the-ground education, instructor accountability, and behavioural data that turn that intent into outcomes. Lane wants to be the engine that delivers it on the ground.

Use of funds

The ₹8.5 crore will be deployed across three priorities:

● Geographic expansion — scaling Lane’s instructor network across Bengaluru and into other Tier 1 cities

● Sensor technology — accelerating the build-out of Lane’s proprietary driving behaviour system”

● Car ownership — building the downstream infrastructure that takes a confident driver through their first car purchase

About Lane

Lane is a first-of-its-kind tech-enabled driving education and mobility services platform headquartered in Bengaluru. Founded by Samiksha Agarwal, it brings structured driving lessons, end-to-end RTO and licensing support, and a driver intelligence platform together into one ecosystem, built on a simple conviction: that driving is one of the most important life skills an Indian will ever learn, and it deserves to be taught properly.

Vecton AI secures Rs 6-Cr to scale enterprise AI solutions

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Gau​rav Mandlecha and Himanshu Goyal, Co-Founders of Vecton AI

Vecton AI, an AI transformation partner focused on financial institutions, has raised Rs 6 crore in a pre-seed funding round led by Zeropearl VC. Several prominent startup founders and operators also participated in the round.

The fresh capital will support the development of Vecton AI’s enterprise-ready artificial intelligence solutions. The company also plans to strengthen its Forward Deployed Engineer (FDE) model, through which it works directly with financial institutions to identify, design and deploy AI systems addressing critical business challenges in real-world environments.

Vecton AI will additionally expand its presence across the banking, financial services and insurance sectors. Demand for compliant AI solutions is growing as financial institutions modernize their operations, enhance customer experiences and improve decision-making.

Founded by BITS Pilani alumni Himanshu Goyal and Gaurav Mandlecha, Vecton AI was established to tackle a key challenge in enterprise AI adoption: moving from experimentation to real-world implementation.

While organizations have made significant investments in AI initiatives, many projects remain at the pilot stage because of integration, scalability, governance and compliance challenges.

Vecton works alongside enterprise teams to identify high-impact business problems, develop customized AI solutions and deploy them in live production environments. The company’s approach focuses on generating measurable business value rather than limiting AI deployments to proof-of-concept projects.

Its Forward Deployed Engineer model places AI engineers alongside customer teams throughout the implementation process. This ensures that solutions remain aligned with business priorities, operational requirements and long-term enterprise objectives.

Gaurav Mandlecha, Co-founder of Vecton AI, said, in a statement, “Our engagements start with the business problem, not the technology. Our engineers work alongside the customer’s team on their actual problem statements and build AI solutions that are compliant and hold up in production. That’s what changes outcomes inside a financial institution, and this funding enables us to transform more clients.”

Bipin Shah, Managing Partner, Zeropearl VC, said, “Financial institutions are looking for AI solutions that deliver measurable business outcomes rather than just promising possibilities. Vecton AI stood out for its practical, execution-focused approach and the founders’ deep understanding of the BFSI ecosystem. We are pleased to partner with Himanshu, Gaurav, and the team as they build an AI-native company focused on helping enterprises deploy AI with confidence and create lasting business value.”

Vecton AI exclusively serves mid-market and enterprise financial institutions and currently works with 10 customers, including several publicly listed companies.

Its AI solutions are already operating in live production environments. The company said these deployments are helping organizations improve operational efficiency and generate measurable business outcomes instead of keeping AI initiatives within experimental settings.

The funding is significant within the enterprise AI ecosystem as financial institutions increasingly seek solutions that can move beyond pilots and meet operational, governance and compliance requirements. Vecton’s focus on live deployments and its Forward Deployed Engineer model positions the company around the implementation challenges that often prevent enterprises from scaling AI initiatives.

As enterprises increasingly transition from AI experimentation toward enterprise-wide adoption, Vecton AI plans to strengthen its role as a transformation partner for financial institutions. The company will use the new capital to develop enterprise-ready AI solutions, expand its Forward Deployed Engineer model and deepen its presence across the BFSI sector, with a focus on responsible, scalable and business-driven AI solutions that deliver measurable value in production.