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PR Newswire

Databricks Releases Final Keynote Lineup and Industry Programming for 2022 Data + AI Summit

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Databricks co-founders Ali Ghodsi, Matei Zaharia and Reynold Xin will deliver can’t-miss keynotes highlighting advancements to Databricks’ Lakehouse Platform and new contributions to the open source community

SAN FRANCISCO, June 22, 2022 /PRNewswire/ — Databricks, the Data and AI company and pioneer of the data lakehouse paradigm, revealed the full agenda and final lineup of featured speakers for the upcoming Data + AI Summit, a global event for the data community. Tens of thousands of data leaders, open source enthusiasts, and Databricks customers and partners will come together both in-person in San Francisco, and virtually from around the world to connect, share best practices, and get a first look at the latest product innovations and contributions to the open source community.

This year’s ‘Destination Lakehouse’ theme highlights the building blocks of the modern data stack and focuses on product innovations that enable data stewards to mobilize data assets quickly for better, more informed decisions. The highly-anticipated in-person event returns to San Francisco for the first time in three years, with a sold-out program at the Moscone Center. Data enthusiasts can still tune in virtually by registering here for the free, immersive online experience.

Data + AI Summit will feature keynotes from Databricks co-founders – and original creators of Apache Spark™ and Delta Lake – Ali Ghodsi, Matei Zaharia, and Reynold Xin. Attendees will also hear from a broad lineup of data and AI luminaries, open source pioneers and global thought leaders, including:

  • Andrew Ng, Co-founder, Google Brain and Coursera
  • Christopher Manning, Pioneer in NLP and Director, Stanford AI Lab
  • Daphne Koller, AI Pioneer, Founder and CEO, Insitro
  • Hilary Mason, Co-founder and CEO, Hidden Door
  • Peter Norvig, AI Pioneer, Stanford, Google and NASA
  • Tarika Barrett, CEO, Girls Who Code
  • Zhamak Dehghani, Creator of Data Mesh; Director, Thoughtworks

The annual event will feature thought-provoking technical sessions and trainings, open source community meetups and networking opportunities, as well as a lineup of industry-specific breakout events. Attendees can expect to hear actionable best practices and compelling insights from data leaders at pioneering companies like Adobe, Amgen, Intuit, John Deere, S&P Global, Walgreens, Warner Bros. Discovery and more.

Data + AI Summit attendees can also expect the following highlights:

  • 200+ Technical Sessions, across industries and skill levels, covering open-source technologies such as Apache Spark™, Delta Lake, MLflow, Apache Flink, PrestoDB, dbt, and more.
  • Industry-specific content tracks that dive into the power of data and AI within Financial Services, Healthcare & Life Sciences, Media & Entertainment, Public Sector and Retail sectors. These breakout forums will highlight industry-specific data and AI use cases, customer panels, interactive demos and opportunities to connect with peers and partners in the Industry Lounge.
  • Women in Data + AI luncheon and panel discussion moderated by the dynamic Sol Rashidi, Chief Analytics Officer at Estee Lauder. This year’s event will highlight the education of women in tech, with actionable ways to get involved with supporting organizations and mentorship opportunities in local communities.
  • An expanded curriculum of in-person and virtual training workshops and new certification bundles. Attendees can choose from half and full-day classes tailored to specific professions or focus areas. Courses encompass everything from the Databricks Lakehouse to Apache Spark™ programming to managing ML models.
  • Networking events for attendees to interact and collaborate with peers. Events will include a Developer Lounge, Contributor Meetups, University Alliance Meetup, as well as partner networking events and evening receptions.

Data + AI Summit is sponsored by over 80 leading companies from across the data and AI industry including Accenture, Avanade, AWS, Census, dbt Labs, Deloitte, Fivetran, Google Cloud, Immuta, LeapLogic, Matillion, Microsoft Azure, Prophecy, Slalom, Sisu, ThoughtSpot and more.

Check out the Databricks blog and the event’s full agenda to learn more; register to attend for free here.

About Databricks
Databricks is the data and AI company. More than 7,000 organizations worldwide — including Comcast, Condé Nast, H&M, and over 40% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Databricks is headquartered in San Francisco, with offices around the globe. Founded by the original creators of Delta Lake, Apache Spark™, and MLflow, Databricks is on a mission to help data teams solve the world’s toughest problems. To learn more, follow Databricks on Twitter, LinkedIn and Facebook.

Contact: Press@databricks.com

PR Newswire

Lighting Controls Industry Expands as Awareness of Energy Solutions Grows

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The need to replace conventional lighting systems promotes global lighting controls
market growth, says Frost & Sullivan

SAN ANTONIO, June 21, 2022 /PRNewswire/ — The demand for energy-efficient lighting, alongside regulatory compliance and building codes are key drivers propelling the lighting controls market, finds Frost & Sullivan’s recent analysis, Growth Opportunities in Global Lighting Controls Industry. Growing consumer awareness of sustainable solutions and the need to replace conventional lighting systems will further boost the industry’s growth. The global lighting controls market is expected to reach $11.82 billion by 2028 from $7.13 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%.

Lighting Controls Industry Grows.
Lighting Controls Industry Grows.

For further information on this analysis, please click here.  

“Lighting controls have transitioned beyond energy-saving devices to connected and intelligent devices that store and use data to enhance living conditions,” said Dennis Marcell Victor, Energy & Environment Industry Analyst at Frost & Sullivan. “As light points generate valuable amounts of data, machine learning (ML) and artificial intelligence (AI) can provide lighting controls service providers analytical insights about users to create additional revenue.”

Victor added: “The construction industry’s post-COVID-19 pandemic recovery will encourage stakeholders to prioritize enhancing commercial and residential buildings for additional comfort. This will lead them to install platform solutions that can control, analyze, and integrate all systems in a building, including lighting.”

Growing consumer awareness toward energy efficiency and sustainable solutions presents the following growth opportunities for lighting controls service providers:

  • The utility sector should implement energy management strategies in the industrial segment, as demand response programs are still underutilized in the lighting industry, followed by other commercial buildings.
  • Lighting controls manufacturers should meet codes compliance and obtain certifications to distinguish their products in the market.
  • Companies can offer comprehensive facility support and analytical solutions with data collected from light points as a value-added service of lighting systems.

Global Lighting Controls Growth Opportunities is the latest addition to Frost & Sullivan’s Energy & Environment research and analysis available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Nicole Ryder
Corporate Communications
E: Nicole.Ryder@frost.com
https://www.frost.com/

Global Lighting Controls Growth Opportunities 
PCB1

PR Newswire

Vueron Technology has been approved LiDAR only autonomous vehicle permits from the California DMV

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SAN JOSE, Calif., June 18, 2022 /PRNewswire/ — LiDAR autonomous vehicle startup Vueron Technology (“Vueron”) has succeeded to obtain an autonomous vehicle permit that uses only one LiDAR sensor that no one has yet tried in California, where the numerous autonomous vehicle companies are fiercely competing.

Vueron California LiDAR only autonomous vehicle
Vueron California LiDAR only autonomous vehicle

The California Department of Motor Vehicles approved LiDAR-only autonomous vehicle testing permits for Vueron.

After that, it succeeded in driving 383 miles from Los Angeles to San Francisco via Interstate 5 and Interstate 580, for 6 hours at a maximum speed of 70mph. The safety driver who rode the vehicle for safety never held the steering wheel while a whole driving.

‘LiDAR only autonomous driving permit’ means Vueron is one big step closer to adapting LiDAR, which was expected to be expensive and difficult to apply, effectively to actual autonomous driving services and an everyday life

Generally, diverse sensors are used at the same time for autonomous driving, but Vueron has implemented self-driving by utilizing only one LiDAR sensor and has verified its solution through its self-driving tests in a variety of roadway conditions and environments.

The system of Vueron did not use any camera, radar, GPS, or HD Map, as it only implemented a self-driving system by using only one Spinning LiDAR sensor.

Next quarter, Vueron expects to unveil the next generation of LiDAR autonomous vehicle platforms that can be worked on immediately based on its experiences and technologies of LiDAR. Vueron will provide customers with an affordable price for many people rather than a high price and with a safer driving system through the LiDAR autonomous vehicle platform, which is about to be released in the near future.

Vueron has released a video of the actual self-driving from Los Angeles to San Francisco. Visitors can check Vueron’s self-driving video which is the basis of the high LiDAR cognitive performance in this video. Visitors can also check more videos on Vueron’s homepage.

[About Vueron Technology]

 Vueron is building the next generation of LiDAR autonomous driving solution, differentiated from existing technology. Established in 2019, Vueron has provided a solution that enables autonomous driving services based on the company’s AI technology and LiDAR. In 2020, it has already been the first in the world to obtain an autonomous driving permit with only one LiDAR sensor and prove self-driving services, and in 2022, it has obtained a self-driving permit by using one LiDAR sensor from the California DMV. Vueron is back by top-tier strategic partners and investors, including Naver(035420.KS), Korea Development Bank, Bonangels Venture partners, Daesung Private Equity(027830.KQ), and others. For more information, visit www.vueron.org.

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PR Newswire

meldCX and American Kiosks Take Contactless to the Next Level with Smart Self-Service Kiosks

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  • meldCX and American Kiosks announce close partnership, combining state-of-the-art hardware with smart technology and reliable field services
  • Partnership will create new opportunities across the connected ecosystem, fueling innovation and accelerating IoT adoption across North America

ATLANTA and LAS VEGAS, June 15, 2022 /PRNewswire/ — meldCX, a global technology company focusing on cutting-edge AI and IoT solutions for enterprise customers, announces today it is partnering with American Kiosks, a Colorado-based self-service kiosk manufacturer simplifying the process of deploying self-service kiosks equipped with smart technologies for North American business.

This partnership brings together meldCX’s powerful software stack, American Kiosks’ quality made-in-USA hardware, and reliable field services to provide businesses with an end-to-end managed system.

By working with meldCX and American Kiosks, businesses can reap the following benefits.

Hardware:

  • Ready-made or custom kiosks that are proudly made in the USA, not impacted by pandemic supply chain shortage
  • Over 35 years of self-service experience, industry knowledge, and UL expertise from an engineering background
  • 2-minutes service replacement times with modular replacement components
  • Hassle-free managed services to help achieve optimal uptime through worldwide in-field experts

Software Platform:

  • Increased ROI through remote application, device management software and smart IOT hub by meldCX that supports multi-OS
  • AI tools and models to provide premium customer experience and automation for kiosk operators
  • More than 1000+ out-of-the-box integrations built for IoT and kiosk environments
  • Seamless connection with peripheral devices such as payment systems and card readers

meldCX and American Kiosks power contactless and virtualized concierge for various verticals worldwide. Features of these kiosks include: AI based check-in, identity verification, object recognition, secure payments, and other operational efficiencies to improve the customer experience.

Eric Nebola, President of American Kiosks, says, “With self-service technology taking over markets across the board, we have seen struggles with staffing. When a kiosk can take on common tasks this gives staff time to focus on providing an excellent, more personalized customer experience.”

Stephen Borg, CEO and Co-Founder of meldCX, adds, “Integrating self-service with intuitive AI technologies into everyday processes, such as checking into hotels and creating a virtualized concierge for tailored retail experiences, creates a memorable experience for customers through intentional interactions, rather than taking away from the human to human connection.”

meldCX and American Kiosks will be at HITEC (Hospitality Industry Technology Exposition & Conference) in Orlando, Florida, from the 27th – 30th June, showcasing the smart concierge kiosk. Stop by booth #2237 to see the technology at play!

If you aren’t attending, please still reach out to marketing@meldcx.com or +612-306-6470 for a free consultation with their engineering teams.

About meldCX (www.meldcx.com)

meldCX’s mission is to empower businesses and individuals to create premier customer experiences through AI and intelligent edge technologies. Market leaders need applications that make customer and employee experiences more interesting and fulfilling — meldCX technology delivers the building blocks for their success. meldCX is also a Chrome Enterprise Recommended solution, partnering with some of the biggest names in tech. meldCX is headquartered in Melbourne, Australia, with teams in Sydney, Philippines, USA, and UK (EMEA).

About American Kiosks (www.americankiosks.com)

American Kiosks is a self-service division of Cole Kepro International headquartered in Las Vegas, NV, offering a number of ready-to-go products which can help lower costs and reduce lead-times. They are experts in self-service and engineering with over 35 years in the field. The team at American Kiosks is committed to providing the highest quality products, services, and experiences for your current projects and future visions.

PR Newswire

DFI New-Gen ADS Series Embedded Computing Solutions for Intelligent Workload Optimization

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TAIPEI, June 14, 2022 /PRNewswire/ — DFI is releasing the new ADS Series of embedded computing solutions powered by the 12th Gen Intel® Core™ SoC processors. The new hybrid architecture combines the P-Core and E-Core for intelligent computing resource allocation to increase visual computing efficiency by 50%, significantly enhancing the performance and efficiency of automated production lines and graphic applications simultaneously.

The new-gen ADS Series computing solutions are available with industrial motherboards and embedded systems, covering various form factors from SBC, Mini-ITX, microATX, ATX to fanless computers. These solutions are designed to meet the needs of industrial control, surveillance, traffic flow analysis and other vision computing at the edge.

Industrial Motherboard

3.5″ SBC: S53-ADN

4″ SBC: ADP253

Mini-ITX: ADS101/ADS103, ADP171/ADP173

microATX: ADS310-R680E/Q670E

ATX: ADS630-R680E/Q670E

Computer-on-module

COMe Compact: ADP968

COMe Mini: ADP9A2

HPC Embedded Systems

Fanless: EC500-ADS, EC510/EC511-ADS, EC543-ADS

Mini-ITX System: WM120-ADS

ATX Walk Mount: WM343-ADS

The Intel® Alder Lake processor-based ADS Series utilizes the all-new hybrid architecture of Performance Cores and Efficient Cores (P-core and E-core) to achieve high-performance computing with lower power consumption and intelligently make instant, optimal adjustments to workloads and workflows. With Deep Learning Boost (DL Boost) and Vector Neural Network Instruction Set (VNNI), deep learning can be further accelerated and provides accurate and fast inferencing results for visual computing applications such as defect inspection and AGV/AMR.

Besides the new hybrid architecture, the ADS Series also supports PCIe 5.0 high-speed signal transmission for the first time, achieving a data transfer speed 2X faster than the previous-gen PCIe 4.0. Faster DDR5 memory is also supported to boost data read and write speeds up to 4800MT/s, accelerating the processing speed of numerous data and images for AI and computer vision.

Numerous data transfers, shares and backups are processed through the high-speed 10GLAN on the ADS Series Computers, significantly improving operating efficiency. Also, the wireless high-bandwidth Wifi 6E is supported for the first time with speed transmission up to 6GHz (1.4X faster than Wifi 5 and Wifi 6), making device deployment more flexible and collaboration more real-time and seamless.

In addition, the ADS Series supports 8K resolution with clarity and precision, surpassing the resolving power of the human eye by more than ten times. The result provides greater detail for image processing as well as streaming video and enhances the accuracy of the image and visual computing.

The new ADS Series is designed to help integrators maximize the use of each device, reduce configuration, and lower costs. While improving overall computing performance and efficiency, the ADS Series is also equipped with I/O virtualization of GFX SR-IOV for the first time. It allows the GPU of a virtual machine (VM) to be distributed at near-native performance levels, significantly reducing the latency caused by the software-based virtual machine. The proof of concept (POC) of SR-IOV with Intel also confirms the VM frame rate remains at 60fps, equal to the native GPU performance (the traditional software-based performance is 28 fps frame rate).

DFI’s new ADS Series of industrial computers offers a full range of performance and efficiency optimizations. From data reading/writing speeds to the transfer to AI computing, the new-gen computing brains will bring unprecedented intelligence and speed to the heavy workloads of AI vision applications, factory automation, medical and retail industries.

Key Features:

  • Powered by 12th Gen Intel® Core™ with the hybrid architecture of CPU and GPU
  • Intelligent work sequencing to optimize workloads
  • Optimal AI technology, supporting AI accelerator cards for accurate inference
  • Support PCIe 5.0, DDR5 high-speed data reading/writing
  • Ultra HD 8K display
  • Support high-speed 10GLAN, 2.5G LAN and 5G, Wifi 6E wireless networks

Main Applications:

Factory Automation

  • AOI defect inspection
  • AGV/AMR
  • AI vision
  • Robotic arm
  • Virtual machine for equipment integration on production lines

Medical

  • Medical Imaging
  • AI Diagnostic Assistance

Retail

  • Interactive digital signage

Traffic

  • Traffic analysis

For more information, please visit: https://www.dfi.com/ or contact us. Email: dfimarcom@dfi.com 

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Source: DFI Inc.

PR Newswire

LG Energy Solution Sets Up Special Advisory Council of Global Artificial Intelligence Experts

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  • New council established to drive company’s digital innovation and promote manufacturing intelligence
  • Five global AI experts specializing in various crucial sectors assigned to spearhead key technological tasks

SEOUL, South Korea, June 12, 2022 /PRNewswire/ — LG Energy Solution (LGES; KRX: 373220) today announced the launch of its Advisory Council on Artificial Intelligence (AI).

Joining forces with leading scholars specializing in AI technology, the Advisory Council is expected to play a major role in LGES’s digital transformation and the establishment of a manufacturing intelligence platform.

The newly formed council will set visions and business directions to enhance the company’s digital transformation, as well as build the technological partnerships required to realize these ambitions. Accordingly, the council comprises five following divisions:

  • Big data / AI
  • AI systems
  • AI algorithms
  • Robot mechanics & Computer Vision
  • Advanced Process Control and Process Optimization

 The company has appointed five AI experts as its committee members: Sungroh Yoon (Ph.D, Electrical Engineering, Stanford University), Byung-Gon Chun (Ph.D, Computer Science, University of California, Berkeley), Jinwoo Shin (Ph.D, Mathematics, Massachusetts Institute of Technology), Frank Chongwoo Park (Ph.D, Applied Mathematics, Harvard University), and Jong Min Lee (Ph.D, Chemical Engineering, Georgia Institute of Technology).

Each advisory member will be assigned to a different division, and oversee the selection and execution of strategic assignments within their respective area of expertise. The members will also actively participate in determining key technological tasks utilizing AI, particularly in executing AI tasks for establishing smart factories, as well as fostering the next-generation AI professionals.

“LG Energy Solution is consistently executing several projects for digital innovation that maximizes both the efficiency and precision of its manufacturing processes,” said Youngsoo Kwon, CEO of LG Energy Solution. “With the Advisory Council, we will expedite the promotion of manufacturing intelligence, as well as the establishment of smart factories.”

Prior to establishing this forward-thinking council, LG Energy Solution has been working towards digital transformation based on improving the quality of its batteries and maximizing the efficiency of the supply chain.

As part of its efforts, LG Energy Solution welcomed Dr. Peter Kyungsuk Pyun, former Nvidia Corporation data scientist, as Chief Data Officer (CDO). Dr. Pyun is currently executing digital transformation projects across several areas including R&D, production, and marketing.

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 24,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V. and Hyundai Motor Group. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://www.lgensol.com.

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PR Newswire

SONGTRADR EXPANDS ITS B2B MUSIC TECHNOLOGY SOLUTIONS – ACQUIRES LEADING ADVANCED AI SEARCH COMPANY, MUSICUBE

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The Hamburg-based AI technology company enables measurable ROI-driven licensing that optimizes the creative performance of content

LOS ANGELES, June 8, 2022 /PRNewswire/ — Songtradr, the world’s leading B2B music company, announced today the acquisition of leading AI metadata and music search company, Musicube. The transaction expands the company’s portfolio of tech-enabled music solutions designed to license the right music for any content, driving higher ROI and enabling brands to measurably engage their target audience. Using neural networks and proprietary artificial intelligence, Musicube’s semantic search has reached product leadership in both quality and data depth. It helps match music to content and a brand’s target audience. This technology further enhances Songtradr’s B2B music solutions that harness the power of data and tech-enabled intelligence with creative excellence.

“Musicube has approached audio analysis from an entirely unique perspective and this acquisition accelerates our mission to increase the value and effectiveness of music in content,” said Paul Wiltshire, CEO of Songtradr. “Their impressive team of passionate musicologists and data scientists understand the power of data and its relationship with music, which ultimately benefits our brand and agency customers as well as music rights holders. In order to have the world’s best B2B music search and recommendation technology, we need premier metadata enrichment technology, which is a key component of the B2B music supply chain. Adding the Musicube technologies, data and extraordinary team to Songtradr will help accelerate our enterprise customer user experience.”

Musicube’s proprietary software is delivered via web widgets and an API that provides pristine metadata at scale for music labels, publishers, music supervisors, among many other audiences. The technology also enables customers to search for tracks, playlists and artists based on audiences, moods, genres, vocal features, instruments, tempo and more, unlocking the true value of catalogs and rights.

David Hoga, CEO and founder of Musicube, said: “Songtradr is the most exciting music company we have seen in a very long time. We are incredibly happy to join this exceptional team of music lovers and technologists as every single conversation we have had can be characterized by both cordiality and an ambitious agenda. We share a common vision of an artist-friendly music industry, using data to achieve it.”

With a team of more than 350 people and offices in 12 countries worldwide, Songtradr has grown from being a music tech product for independent artists to a multi-disciplined, end-to-end solution for music buyers, brands and rights holders.

Songtradr’s unique portfolio of the world’s leading music services companies (Massive Music, Big Sync Music and Song Zu) alongside its industry-leading technology and data products (Songtradr, Tunefind, Pretzel, Jaxsta (investment only) and Musicube) provides its customers a distinct advantage to maximize the value of music in their projects.

For more information about Songtradr’s products and services, visit songtradr.com.

ABOUT MUSICUBE:

Musicube’s music AI solution provides rich metadata for music labels, publishers, rights holders and others seeking song discoverability tools. The database includes more than 50 million song titles with ISRC and all contributors, as well as more than 500 keywords (such as moods, musical characteristics, content from song lyrics and many more). The company is composed of experienced musicologists and data scientists  based in Hamburg, Germany. For more information, visit http://www.musicu.be.

ABOUT SONGTRADR:

Songtradr is where music meets data, ideas meet innovation, and brand missions are transformed by sound.

We work with brands, agencies, businesses, labels, artists, and more, empowering them to excel on an international stage. Propelled by technology, real-time data intelligence, and musical expertise, our fully integrated products and services help amplify brands and enable artists and rights holders to realize the full potential of their catalog.

Whether with a classic song or a trending tune, a global music strategy or a sonic identity, we help translate ideas into powerful, ROI-driven solutions to ensure content always hits the right note.

We power the world with music.

Press Contact:
Kara Gaughan
Jive PR + Digital
778-872-7676  
kara@jiveprdigital.com   
www.jiveprdigital.com 

PR Newswire

CERC Chooses Vermiculus’ Clearing Solution to Revolutionize the Receivables Market

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STOCKHOLM, June 7, 2022 /PRNewswire/ — Vermiculus has been chosen to deliver a real-time clearing solution to CERC, the main financial market infrastructure specialized in receivables in Brazil. In this cooperation, Vermiculus will provide a solution based on its modern clearing system, VeriClearTM, which is an elastically scalable and AI-powered real-time clearing system.  

CERC has the mission to make the market of receivables more efficient and reliable and aims to achieve this by efficiently connecting stakeholders of multiple economic sectors. Attaining this demands a system with immense architectural integrity and flexibility that can adapt to the vast, diverse, and always changing requirements. It also seeks to maintain its cloud integration and therefore requires the most modern architectural solution. Furthermore, with CERC’s rapidly increasing business, the need for a multi-functional and greatly advanced settlement clearing system is paramount.

“Vermiculus’ VeriClearTM perfectly matches our ambition to modernize and streamline our industry in a powerful way that has never been done before.” 

– Marcelo Maziero, Co-Founder of CERC

CERC began its operations by pioneering the registry of trade invoices, which was later extended to include receivables from credit and debit cards, among other assets, making it a reference in this sector that moves trillions of Brazilian reais. Aware of this financial potential and the importance of receivables as collateral for credit transactions, CERC is expanding its services and is waiting for authorization from the Brazilian Central Bank (BCB) and Brazilian Securities and Exchange Commission (CVM) to operate a Settlement System and a Central Securities Depository, which will allow it to offer more services to further enhance credit transactions in Brazil.

The Vermiculus and CERC partnership is the beginning of a long and rewarding relationship between both companies. “We are excited to work together with the highly experienced and professional team at Vermiculus to develop a solution that supports our core objective of decentralizing data to reduce information asymmetry and help democratize the supply of credit so that more companies can benefit.” says Marcelo Maziero, co-founder of CERC. “In order for us to meet our uniquely advancing business initiatives, extreme flexibility and performance are key, which Vermiculus already delivers.”

Vermiculus’ multi-asset microservices-based clearing solution, VeriClearTM, provides comprehensive and flexible multi-currency settlement capabilities for clearing houses. The system allows for monitoring and managing receivables and risk in real-time across multiple markets as well as provides an in-depth overview of the transaction chain. The clearing system is optimized for being able to quickly adopt new business initiatives and product developments, with unparalleled scalability, adaptability, and customization. This is powered by intelligent APIs and AI functions which are presented with superior usability through its dynamic GUI dashboard. The analytical dashboard enables efficient drill-down possibilities and error handling through its algorithmic abilities and has the capacity to gather business intelligence.

Taraneh Derayati, CEO of Vermiculus says “Founded in 2015, CERC has built their business into one of the fastest growing marketplaces in Brazil with a uniquely diverse set of offerings. CERC’s innovative nature and execution power for diverse growth make them a fantastic client for Vermiculus as we value innovation and progressive ambition. With this collaboration, we will continue to deliver our mission-critical technology with uniquely flexible solutions based on our pioneering microservices and AI architecture.”

Derayati adds, “By working with such a forward-thinking client, we are set to deliver a powerful and modern product that is made-to-measure, fully adaptable, and of the highest performance.”

About CERC

Headquartered in São Paulo and founded in 2015 with employees throughout Brazil and the USA, CERC is a financial market infrastructure (FMI) operating in several economic sectors with several types of receivables. The company provides solutions that add transparency and security for analyzing, registering, and controlling property and settlement of financial assets, so that these assets can be more easily used as collateral for credit transactions.

CERC is the first cloud-native FMI specialized in receivables with an outstanding role in clearing (settlement registration and control) credit card receivables. It is Brazil’s largest FMI by volume of processed transactions. One of CERC’s main objectives is to centralize data from thousands of companies’ financial assets to reduce the information asymmetry that restricts market growth and supply more credit to businesses.

About Vermiculus Financial Technology 

Vermiculus Financial Technology provides cutting-edge trading, clearing and CSD solutions to market participants around the world. Vermiculus solutions are the first to bring together state-of-the-art advances in dynamic microservices architecture with vast experience in clearing house and exchange business requirements.  

Vermiculus solutions radically improve robustness, quality, and flexibility by utilizing AI-driven microservices, and can achieve superior environmental performance, elastic scalability, and cost-efficiency through SaaS and cloud-based deployment. 

The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses and CSDs.  With its headquarters in Stockholm, Sweden, Vermiculus consists of hand-picked industry experts, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world’s largest exchanges, clearing houses and CSDs.  

For more information about Vermiculus and its product and service offerings, visit www.vermiculus.se or get in touch through info@vermiculus.se. 

For further information, please contact:
Taraneh Derayati – CEO
Vermiculus Financial Technology
Tel +46-(0)73 634 56 26
taraneh.derayati@vermiculus.se

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/vermiculusft/r/cerc-chooses-vermiculus–clearing-colution-to-revolutionize-the-receivables-market,c3581007

PR Newswire

P.I. Works and VMware To Bolster O-RAN Adoption and Innovation

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P.I. Works’ rApps to be interoperable with VMware’s Non-Real-Time RIC Platform to enable the automation and optimization of Open RAN networks

RESTON, VA, June 7, 2022 /PRNewswire/ — P.I. Works, the leading provider of AI-driven mobile network management solutions, has announced its rApps are now interoperable with VMware’s Non-Real-Time RIC (RAN Intelligent Controller) platform, which will allow for the efficient automation and optimization of both existing and Open RAN mobile network elements. The solution will enable operators to make the shift toward introducing O-RAN into their existing networks.

VMware – P.I. Works Partnership
VMware – P.I. Works Partnership

With 5G technologies being widely deployed across the globe, O-RAN is poised to become the first choice of operators as they overhaul their current Radio Access Networks, especially given it is designed to accommodate multi-vendor equipment through open interfaces. As such, as RAN evolves from the current architecture to Open RAN, automated network management via a standardized Radio Intelligence Controller (RIC) will become essential for CSPs in abstracting the complexity of their heterogeneous networks and thus improving customer experience.

Lakshmi Mandyam, Vice President of Product Management and Partner Ecosystems, Service Provider & Edge, VMware said, “We are committed to delivering world-class network management solutions that not just meet, but exceed customer expectations. Our collaboration with P.I. Works adds advanced automation and optimization capabilities to RIC platform to help service providers make the most of their RAN modernization efforts.”

Djakhongir Siradjev, Chief Technology Officer at P.I. Works noted: “As a global provider of mobile network automated management solutions, P.I. Works has always seen the need for open and standardized network landscapes in order to achieve the interoperability and thus efficiency needed to maximize subscriber experiences. We believe that our collaboration with VMware will pave way for this within the O-RAN ecosystem and drive innovation to build a better, more sustainable future for the industry.”

About P.I. Works 
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Source: P.I. Works

PR Newswire

Help Organizations to Mitigate Risk in Microsoft 365 with ‘Vectra Protect’

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Vectra offers a free of charge security assessment for your cloud tenant

SINGAPORE, June 2, 2022 /PRNewswire/ — Vectra AI, a leader in AI-driven threat detection and response for hybrid and multi-cloud enterprises, today announced the launch of Vectra Protect, a posture management tool designed to discover and mitigate security risks in Microsoft 365 (M365). Vectra Protect combines 50,000+ hours of expert research and development with automation to analyze an organization’s M365 security posture and provide customized implementation plans to remediate risk. To ensure all organizations, regardless of security staffing or resources, can have access to the solution, Vectra is extending a free sign-up for an Azure Active Directory scan until September 30, 2022. 

With the accelerated use of M365 collaboration tools, which now have over 270 million users, cyber attackers are actively targeting access management tools like Azure AD to enter other SaaS tools and enterprise network assets. They then establish a foothold to launch ransomware attacks, steal intellectual property and gain unauthorized access to sensitive user data.

David Sajoto, Vice President, Asia-Pacific, and Japan (APJ) at Vectra comments, “Events of the past two years have accelerated adoption of public clouds, because no company wanted to deal with the physical realm. This resulted in more emphasis on adopting SaaS applications and moving from on-prem Exchange servers to M365 became a ‘gold standard’. Essentially, businesses had their stationary defenses set up around their fortress, and then moved everything out of that fortress which created new risks.”

With its scanning engine, Vectra Protect combines insights from the M365 Graph API with PowerShell module data to provide a truly holistic view into the integrity of every identity in an organization’s M365 environment. As the only scan designed to uncover identity security issues in M365, Vectra Protect provides organizations with:

  • Quick, actionable remediation insights: With its multi-stage methodology, the scan provides organizations with actionable results within hours. Rather than hindering the security team with more alerts, the scan creates a comprehensive risk mitigation map that provides a path to implementation with clear guidance on risk and operational impact.
  • Tailored cloud support: Organizations can gain insight into the severity of vulnerabilities, material changes to their configuration state, the operational impact of the required solution, and the steps for remediation aligned to their applicable industry standards and regulatory requirements.
  • Configuration correction and compliance: Vectra Protect delves deep into the configuration complexities of M365, highlighting misconfigurations with clear context to guide companies to complete risk resolution and provide security teams with the proof they need to show their policies are effective and compliant.
  • Confidence in collaboration: By understanding areas where risks and configuration issues persist, organizations can fulfill the promises of cloud technology without creating unmanaged risk. Organizations can gain efficiencies in implementing and using SaaS tools like M365 by eliminating default settings and aligning operations, information technology, security, and audit teams on security priorities.

“Azure AD has become a large attack vector as cybercriminals look to exploit the lack of security controls and solutions currently available for the tool,” said Aaron Turner, CTO of SaaS Protect at Vectra AI. “Organizations must understand that Microsoft’s default security settings are not specifically tailored to their business operations or industry, which introduces waves of unnecessary risk. Combining this with the constant changes in M365, both internally and externally, leaves a host of potential vulnerabilities and configuration issues that organizations are responsible for correcting. Vectra Protect helps unravel this complexity to deliver the visibility and assurance organizations need to protect these essential business tools.”

The free Vectra Protect for Azure AD scan, a value up to $50,000, will be readily available to any M365 customer operating in any M365 environment*.  The scan focuses on a common foothold for unauthorized access and risk: access management in the active directory. Turner will be showcasing the technology and enumerating how to protect the M365 tenant and hunt for threats during RSAC 2022 in San Francisco, CA. You can register for his session here.

For more details about Vectra Protect for Azure AD and to request a free scan, please visit: https://www.vectra.ai/azure-ad-scan

*Exclusions apply.

About Vectra AI

Vectra® is a leader in cyber threat detection and response for hybrid and multi-cloud enterprises. The Vectra platform uses AI to detect threats at speed across public cloud, identity, SaaS applications, and data centers. Only Vectra optimizes AI to detect attacker methods—the TTPs at the heart of all attacks—rather than simplistically alerting on “different”. The resulting high-fidelity threat signal and clear context enables cybersecurity teams to respond to threats sooner and to stop attacks in progress faster. Organizations worldwide rely on Vectra for cybersecurity resilience in the face of dangerous cyber threats and to prevent ransomware, supply chain compromise, identity takeovers, and other cyberattacks from impacting their businesses. For more information, visit vectra.ai.