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ICE71 powers cyber start-ups to raise S$18 million to strengthen cyber ecosystem

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  • ICE71 has helped 16 cyber security start-ups from previous cohorts raise funding since 2018
  • Nine start-ups from the latest cohort pitched to over 300 potential investors, partners and customers via a virtual Demo Day

SINGAPORE, June 25, 2020 — ICE71, the region’s first hub for cyber security entrepreneurs and start-ups, has strengthened start-ups’ ability to secure funding through ICE71 Accelerate, a three-month accelerator programme for early-stage cyber security start-ups. Since the programme’s inception in July 2018, 16 of the start-ups from the previous cohorts have collectively raised S$18 million, including funding from ICE71’s founding partners Singtel Innov8 and NUS Enterprise.

ICE71 presents 9 cybersecurity start-ups at its fourth ICE71 Accelerate Demo Day
ICE71 presents 9 cybersecurity start-ups at its fourth ICE71 Accelerate Demo Day

Today, nine cyber security start-ups from ICE71’s  (Innovation Cybersecurity Ecosystem at BLOCK71) latest cohort were given the opportunity to pitch their companies and solutions to potential investors, partners and customers via a virtual Demo Day (view here). The event is particularly relevant given the increasing cyber threats related to data security and privacy as companies accelerate their digitalisation and more people study or work from home during and after the COVID-19 pandemic. These challenges have driven even greater demand globally for cyber security solutions that can help mitigate these risks.

Given the cautious investment climate during this COVID-19 pandemic, cyber security start-ups face greater challenges in getting investors to fund their ventures. With ICE71’s resources, start-ups can leverage its capabilities in mentoring and connecting them to an ecosystem of investors, partners and customers. 

Mr Edgar Hardless, CEO of Singtel Innov8, said, "The COVID-19 pandemic has upended the start-up ecosystem, making it extremely difficult for start-ups to connect to investors to get funding and grow their businesses. This underscores the value of the cyber security community and network of start-ups, investors, partners and customers that Innov8 has helped ICE71 create over the past two years. ICE71’s virtual Demo Day provides our Cohort 4 start-ups a great way to showcase their technology and solutions to potential customers and investors, both locally and internationally."

Professor Freddy Boey, NUS Deputy President (Innovation and Enterprise), said, "The emergence of new challenges in these unprecedented times has presented ample opportunity for cyber security entrepreneurs to create innovative solutions. As cyber security is even more crucial than before, we need strong synergy in our ecosystem to collectively address sophisticated cyber threats. NUS and Singtel have been working closely to help strengthen our defences, having made a breakthrough under the NUS-Singtel Cyber Security Lab last year. Through ICE71’s programmes, we continue our efforts in developing industry-relevant programmes and platforms to help our start-ups go to market more quickly. We will continue to offer the resources to help cyber security entrepreneurs accelerate in their growth and expand our ecosystem with support from the Government and our industry partners."

Hailing from Singapore, Australia, Israel, the UK, the US and Poland, the current cohort of nine start-ups has developed a range of cyber security solutions that are applicable to businesses, governments and consumers. Please refer to the fact sheet in Annex A for more information on each of these start-ups.

To deliver the ICE71 Accelerate programme, ICE71 partnered with CyLon, a dedicated cybersecurity accelerator from London, UK.

To date, ICE71 Accelerate has supported a total of 34 cyber security start-ups through four cohorts, with the aim of strengthening Singapore’s growing cyber security ecosystem by attracting and developing cybersecurity start-ups with innovative competencies and new technologies. ICE71 will continue to support these start-ups through both the ICE71 Scale programme and ICE71 Community initiatives, giving them access to incubation facilities, leadership development and expert speaker programmes, networking events and the region’s leading cyber security community of investors, strategic partners, enterprises, government agencies and cyber security experts.

About ICE71

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) is the region’s first cybersecurity entrepreneur hub. Based in Singapore, ICE71 is a partnership between Singtel Innov8, the venture capital arm of the Singtel Group, and the National University of Singapore (NUS) through its entrepreneurial arm NUS Enterprise. ICE71 is strengthening the region’s growing cybersecurity ecosystem by attracting and developing competencies and deep technologies to help mitigate the rapidly increasing cybersecurity risks in the region.

Supported by the Cyber Security Agency of Singapore (CSA) and Info-Communications Media Development Authority (IMDA), ICE71 is focused on developing and supporting early and growth stage cybersecurity entrepreneurs and start-ups from around the world. ICE71 runs a range of programmes designed to support cybersecurity individuals and start-ups from idea development to the creation, acceleration and scaling of cybersecurity start-ups. The ICE71 Inspire and ICE71 Accelerate programmes are run by CyLon, the leading global cybersecurity accelerator and active investor in early stage cybersecurity start-ups. CyLon’s global cybersecurity network and expertise, combined with ICE71’s regional knowledge and ecosystem, provides entrepreneurs and start-ups with the support and go-to-market access required to scale a successful cybersecurity business in the region. 

For more information, please visit: https://ICE71.sg.

For the latest overview of Singapore’s cybersecurity start-up ecosystem, please see ICE71’s map here.

About Singtel Innov8

Singtel Innov8, the venture capital arm of the Singtel Group, invests in and partners with innovative technology start-ups globally. It has a fund size of US$250 million and its own set of decision making, approval and investment processes. Beyond funding, Singtel Innov8 is a gateway for start-ups to leverage the resources, expertise and customers of the Singtel Group, while enabling the Group to gain access to insights and emerging technologies through the global innovation and start-up ecosystems. Singtel Innov8 focuses its investments on technologies and solutions to support Singtel Group’s strategy. Headquartered in Singapore, Singtel Innov8 also has offices in San Francisco, Tel Aviv, Beijing and presence in Sydney.

For more information, please visit: http://innov8.singtel.com.

About NUS Enterprise

NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), plays a pivotal role in advancing innovation and entrepreneurship at NUS and beyond. It actively promotes entrepreneurship and cultivates global mind-sets and talents through the synergies of experiential entrepreneurial education, active industry partnerships, holistic entrepreneurship support and catalytic entrepreneurship outreach. Its initiatives and global connections support a range of entrepreneurial journeys and foster ecosystem building in new markets. These initiatives augment and complement the University’s academic programmes and act as a unique bridge to industry well beyond Singapore’s shores.

For more information, please visit: https://enterprise.nus.edu.sg.

Annex A: Fact Sheet on ICE71 Accelerate Cohort 4 Start-ups (in alphabetical order):

1.  Assimil8 (from Australia): The global COVID-19 pandemic has forced businesses – especially small- and medium-sized enterprises (SMEs) – to operate remotely without the usual IT support. This renders them vulnerable to sophisticated cyber attacks. To enable SMEs to protect themselves in a cost-efficient manner, Assimil8 is developing a solution that can help them recognise and handle raw threat data without relying on external specialists. Assimi8’s solution, the Intuitive Data Relationship Inference System (IDRIS), uses graph technologies to provide easy-to-read visual network views for decision makers to make sense of large complex data sets. This means users can spot anomalies and identify potential network risks quickly. The solution is suitable for SMEs and their managed service providers.

2.  Chainkit (from the US and originally known as PencilData): As cyber attackers switch to using more sophisticated stealth tactics to become untraceable, organisations face greater risks of such undetected attacks. Chainkit’s solution, Cyber Stealth Radar, uses military-grade tamper detection for security, forensics and compliance to expose cyber attacks in real time, preventing cyber attackers from hiding their tracks or dwelling within a network or system. Chainkit’s solution can mitigate insider threats, contain damage and immediately isolate all tampered code or data. The product is relevant to government agencies and industries like IT, the Internet of Things (IoT), financial services and healthcare.

3.  GamaSec (from Israel): The recent rise of cybercrime like data breaches  has driven demand for enterprises to take up cyber insurance for protection against damage, theft or corruption of electronic data. However, insurers’ expertise is inadequate to help businesses safeguard themselves from cyber attacks and restore hacked systems and lost data. GamaSec’s solution combines cybersecurity and cyber insurance, using virtual hacker technologies to identify and prevent cyber attacks via websites.  Through proactive minimisation of cyber exposure and loss prevention for cyber insurance policyholders, GamaSec significantly reduces risk and helps them prevent potential cyber attacks. GamaSec’s solution is relevant to insurance providers and brokers providing cyber insurance policies to SMEs. Recently, GamaSec was chosen to be a finalist in Insurtech Hartford’s Innovation Challenge held on 18 June 2020.

4.  Guardara (from the UK) focuses on fuzz testing, a software testing technique for discovering coding errors and security loopholes. Its solution, Fuzzlabs, helps product security teams discover such loopholes early by identifying software, operating and network issues in a quick and integrated manner. Fuzzlabs is able to identify software flaws and exploitable security vulnerabilities that were previously unknown, test web applications and services, and secure code. The solution is targeted at enterprise product security teams that work on industrial control systems, IoT technologies, medical devices, telecommunications,  defence, aerospace, and automotive.

5.  Kapalya (from the US): Kapalya’s Encryption Management Platform (EMP) addresses organisational needs for files and folders to be encrypted across multiple platforms, like desktops, portable devices (including laptops, smartphones and tablets), cloud storage and servers, especially when some of these are used remotely with more people working from home during COVID-19. This means that file sharing must be encrypted end-to-end across entire organisations regardless of where their data resides. EMP provides organisations with a seamless method to do so and can help counter attacks by ransomware. One major use for this is in recovering lost data after a ransomware breach. The platform can be integrated with any network and device, and is industry-agnostic.

6.  Kinnami (from the US): Migrating data to cloud storage raises concerns over data security, impact on users of the initial migration and cost management. Furthermore, as more people work or study from home during the COVID-19 pandemic, there is a greater demand for security solutions to help them secure sensitive data. Kinnami’s solution, AmiShare, enables organisations to manage data security by defining dynamic policies that decide who can access the data and where the data should be stored – in the cloud, data centres, or end-user devices. This is done via fragmented and encrypted storage to secure confidential data across devices and users everywhere, even as the data moves along on data-sharing applications. The product is relevant to the financial services, healthcare, professional services like legal services,  and supply chain management industries, academia, and national defence.

7.  neoEYED (from the US): neoEYED has developed an Artificial Intelligence (AI) solution that helps banks, fintech applications and e-commerce businesses secure their digital identities and accounts from unauthorised users to prevent fraud. Its solution uses AI to learn and recognise users’ behaviour, based on how they interact with web and mobile applications and use their devices, and raises an alert if there is suspicious activity on an account. It is unobtrusive as it continuously monitors user behaviour without seeking additional permissions or personal information from the user. The solution is suitable for any industry.

8.  Olympus Sky Technologies (from Poland) provides secure communication and credential management for IoT-related hardware and virtual (concerning software and electronic images, etc.) assets. Its solution, Autonomous Key Management (AKM), enables enterprises to efficiently create and authenticate credentials for IoT applications, facilitating the adoption of these advanced technologies across industries. As IoT technologies are often connected in complex supply chains that need authentication at each point, it was costly to implement and maintain traditional security solutions which cannot be scaled for these needs. Olympus Sky’s solution, Autonomous Key Management (AKM), simplifies this and significantly decreases the total number of vulnerabilities that unauthorised users can access and steal data from. Users thus get security in a cost- and time-efficient manner. Although this solution is primarily for industrial IoT applications, it also has considerable traction in transport and mobility.

9.  Scantist (from Singapore) finds and addresses vulnerabilities in software applications and products which have been the preferred target for hackers worldwide in recent years. Scantist’s solution, Scantist Software Composition Analysis (SCA), secures apps by scanning all software codes and binaries in a single platform with high accuracy. The solution is relevant to SMEs and large enterprises in Singapore, Southeast Asia and China that need to maintain or develop software applications.

Photo – https://photos.prnasia.com/prnh/20200625/2841275-1?lang=0

Related Links :

https://ICE71.sg

PR Newswire

Acronis and Minterest Jointly Launch Acronis #CyberFit Financing in Singapore to Help Businesses Combat COVID-19 Disruptions

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SINGAPORE, June 22, 2020 — Acronis, a global leader in cyber protection, and Minterest, a leading Singapore-based online financial services solutions provider, have joined forces to launch Acronis #CyberFit Financing, Powered by Minterest to provide Singapore-based businesses with financing support to remain resilient and #CyberFit with the COVID-19 pandemic.

Acronis #CyberFit Funding platform powered by Minterest
Acronis #CyberFit Funding platform powered by Minterest

The unprecedented COVID-19 pandemic has forced businesses globally to operate remotely and people – to work from home. Very often, they work with unsecured digital networks and are vulnerable to cyber-attacks.

As a cyber protection company, Acronis is dedicated to helping organizations safeguard their data, applications, and systems so they can remain productive and avoid costly downtime. During the COVID-19 outbreak, essential services such as supermarkets, drug stores, medical services, mechanical services, police, and governmental agencies will need cyber protection to be #CyberFit so their IT infrastructure remains protected and operational.

Serguei Beloussov, Founder and CEO of Acronis, said: “Cybercriminals are ruthless – they see the coronavirus pandemic as an opportunity to target new vulnerabilities such as those caused by many staff migrating to home offices. Now more than ever, cyber protection should be a key concern for every business, as a data breach that costs a company valuable data can cripple even large organizations. Acronis Cyber Protect Cloud is a solution we have developed to combat this global threat. Acronis is dedicated to doing our part to help businesses both in the digital and the real world. With support from our capable partners at Minterest, we hope to provide streamlined access to vital funding to ensure business continuity for as many Singapore businesses as possible.”

Beyond the heightened cybersecurity risk, with the coronavirus outbreak slowing down economies and disrupting supply chain networks, many managed service providers, hosting companies, SMEs and home businesses are also faced with urgent cash flow issues. Through this partnership, Acronis and Minterest hope to empower businesses by providing easy access to customised financing solutions to tide them through this difficult period and to build their cybersecurity capabilities to ringfence their businesses. Minterest is able to bring speed to lending, as it is able to process and approve loan applications within 48 hours, upon full submission of necessary documents.

Charis Liau, CEO of Minterest, commented: “The COVID-19 outbreak has sent shock waves throughout the global economy and many companies are facing deteriorating business conditions and cash flow liquidity crunches. We are pleased to partner with Acronis to accelerate the access to financial aid for Singapore-based firms. We want to be here for them; not just get through the pandemic, but beyond that as well.“

All companies and limited liability partnerships registered in Singapore are invited to sign up via the Acronis #CyberFit Financing, Powered by Minterest starting from 22 June, 2020.

For enquiries, please contact:

Acronis

Natalia Tashkeeva

Natalia.tashkeeva@acronis.com

Tel: +65 9643 9080

Minterest Group

Charis Liau

charis.liau@minterest.sg

Tel: +65 6386 8623

About Acronis

Acronis sets the standard for cyber protection through its innovative backup, anti-ransomware, disaster recovery, storage, and enterprise file sync and share solutions. Enhanced by its award-winning AI-based active protection technology, blockchain-based data authentication and unique hybrid-cloud architecture, Acronis protects all data in any environment – including physical, virtual, cloud, mobile workloads and applications – all at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,500 employees in 33 locations in 18 countries. Its solutions are trusted by more than 5.5 million personal users and 500,000 businesses, including 100% of the Fortune 1000 companies. Acronis’ products are available through 50,000 partners and service providers in over 150 countries in more than 30 languages.

For more information, please visit www.acronis.com.

About Acronis #CyberFit Financing

Acronis #CyberFit Financing aims to help provide Acronis’ cyber protection services to as many in need of it as possible – providing access to the financial aid small businesses need to weather the economic downturn, and ensuring the managed service providers that support these essential services will be able to continue delivering the cyber protection they need. 

For more information, please visit www.acronis.com/en-us/lp/financing-world.

About Minterest Group

The Minterest Group is a Singapore-based online financial services solutions provider that connects borrowers with investors. Established in 2016, it is a leading non-bank fintech group with dual licences in Singapore enabling the group to facilitate, by leveraging on technology, corporate loans through marketplace lending and personal loans at customised interest rates. It has a cumulative deal origination volume of over S$88 million in Singapore.

Backed by ARA Asset Management and regulated by the Monetary Authority of Singapore, Minterest aims to bring funding to businesses that are constrained by various requirements of conventional finance providers. To help small businesses stay afloat during this COVID-19 pandemic, Minterest has been administering a S$8 Million SME Help Fund set up by John Lim’s family office (JL Family Office), ARA Asset Management and The Straits Trading Company.

Minterest is founded on the belief that everyone is entitled access to financial solutions to meet their corporate and individual requirements. Using the team’s deep financial experience and expertise, Minterest offers relevant financial and investment solutions to both borrowers and investors through the use of technology.

For more information, please visit www.minterest.sg. 

Photo – https://photos.prnasia.com/prnh/20200619/2835929-1?lang=0

Related Links :

https://www.acronis.com/

PR Newswire

KLEVV is Launching the Latest SSD Lineup: NEO N610 2.5″ SATA & CRAS C710 M.2 NVMe SSDs

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HONG KONG, June 20, 2020 — KLEVV, an emerging memory brand introduced by Essencore, announced the launch of two new products, the NEO N610 2.5″ SATA 6Gb/s SSD, and the CRAS C710 M.2 NVMe SSD. The next-generation solid-state drives are available in enhanced capacities of up to 1TB, offering accelerated system speeds while maintaining core stability. The introduction of these two new KLEVV SSDs is to provide an even more compelling SSD choice for users looking for rock-solid reliability and fast speeds for a wide range of uses.

NEO N610 2.5″ SATA 6Gb/s SSD: A Perfect Combination of Performance, Reliability, and Stability

KLEVV NEO N610 2.5" SATA SSD
KLEVV NEO N610 2.5″ SATA SSD

The NEO N610 2.5″ SATA 6Gb/s SSD features latest 3D TLC NAND and a 4-channel controller IC, which increases the amount of data that can be transmitted at any given time. Different from other KLEVV 2.5″ SSDs, NEO N610 provides an embedded DRAM buffer that enhances runtime performance while also extends the lifespan of the drive. It comes further equipped with a powerful LDPC ECC engine, an intelligent SLC caching algorithm, S.M.A.R.T. (self-monitoring, analysis, and reporting technology), over-provisioning, bad block management, and Global Wear Leveling technology. All of which combine to optimize performance, durability, reliability, and data integrity. The new NEO N610 SATA SSD comes in three capacities: 256GB, 512GB, 1TB, while delivering sequential read/write speeds of up to 560/520 MB/s, catering to customers with varied efficiency needs.

CRAS C710 M.2 NVMe SSD: Built for Gamers & Enthusiasts

KLEVV CRAS C710 M.2 NVMe SSD
KLEVV CRAS C710 M.2 NVMe SSD

Also offered in 256GB, 512GB and 1TB using 3D TLC NAND, the CRAS C710 M.2 NVMe SSD adopts PCIe Gen3 x4 interface supported by NVMe 1.3 technology. Which provides a sequential read speed of up to 2100 MB/s and a sequential write speed of up to 1650 MB/s, while retaining legacy technology to ensure stable performance even at high processing speeds, making it ideal for gaming or image processing. Optimized technologies include a thermal throttling algorithm to protect SSD integrity, SRAM error detection and correction, and CRC parity for end-to-end data path protection. In addition, the CRAS C710 shares all the essential functions that make KLEVV drives reliable, such as LDPC ECC technology, SLC caching, S.M.A.R.T. and Global Wear Leveling.

Responding to the Market with Additional Data Backup Software for Peace of Mind

By making customer service a top priority, Both CRAS C710 & NEO N610 have gone through KLEVV’s rigorous in-house examination process, and come with a five-year limited warranty as standard.  Further to that, KLEVV has improved user experience by providing complimentary Acronis® True Image™ HD 2018 software activation key, which gives users full disk-image backup access and universal restore functions for a seamless data transfer experience. Additional Acronis Active Protection function against ransomware is also available to help protect valuable data from this nefarious & modern data threat.

KLEVV products are distributed by PT CAHAYA DISTRIBUSI NUSANTARA in Indonesia.  All lineups are also available at online channels including Enter Komputer, tokopedia, Bukalapak, and Shopee.

Find out more about the full range of Essencore/KLEVV products at: http://www.essencore.com/ and http://www.klevv.com.

About Essencore

Established in 2014, Essencore Limited, a company founded by a group of key figures from the major memory IDMs, aims to become the world’s top vendor of DRAM modules and NAND flash application products. The company started with one goal: to “Change the world and be a leader in semiconductor distribution”. The business strategies of Essencore is to adopt the newest technologies to differentiate ourselves in front of customers from competitors, deliver dedicated Memory products, and offer various product portfolio for customer’s competition readiness. For more information, please visit www.essencore.com.

About KLEVV

KLEVV, is a premium brand of Essencore, the major Module and NAND Flash application product vendor. The KLEVV range includes gaming memory modules, microSDs, USB flash drives, and solid state drives. KLEVV is committed to delivering world-class products with first-rate quality. All products are designed in South Korea, home of the world’s top two largest memory IDMs. KLEVV memory has been recognized by Germany’s Red Dot Design Award in 2015 and 2019. For more information, please visit www.klevv.com.

Photo – https://photos.prnasia.com/prnh/20200407/2771158-5-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200407/2771158-5-b?lang=0

Related Links :

http://www.essencore.com/

http://www.klevv.com

PR Newswire

Crypto.com Completes Key Exchange Infrastructure Upgrades

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Delivers 10x performance with the new Matching Engine, paving the way for margin and derivative features rollout

HONG KONG, June 18, 2020 — Crypto.com today announced it has rolled out significant infrastructure upgrades to its Exchange, including a revamped Matching Engine, OMS (Order Management System), and unified REST and Websocket API. The revamp will lead to a 10x increase in performance and throughput, paving the way for an aggressive product roadmap for the rest of 2020, which includes the launch of margin and derivatives trading.

Crypto.com completes key exchange infrastructure upgrades, announces new promotional incentives for users.
Crypto.com completes key exchange infrastructure upgrades, announces new promotional incentives for users.

The Crypto.com Exchange launched in Beta last November, which has been one of the key drivers of the company’s rapid overall growth in the past six months, as traders increasingly turn towards cryptocurrencies amidst broader market uncertainties. The new infrastructure significantly improves the overall performance, including:

  • Revamped Matching Engine, Order Management System leading to a 10x increase in performance and throughput
  • Unified REST and Websocket API providing ease of adoption for both API platforms, with Websockets allowing clients to create a persistent connection to place orders and trades for high-frequency trading
  • Redesigned architecture, improving scalability, security and latency, which paves the way for a powerful and robust risk engine and high leverage margin and derivatives trading
  • Addition of high-availability and resilience to every component, increasing stability and eliminating single points of failure

Kris Marszalek, Co-founder and CEO of Crypto.com said: “We launched the Crypto.com Exchange last Fall with a goal of creating a trading platform so secure, liquid and user-friendly that it becomes a natural choice for both institutional and retail customers. We have already seen tremendous traction in the first six months of Beta and will continue rapidly improving our offering to drive continued growth.’

Crypto.com also announced promotional incentives on the Exchange including:

  • 0% trading fee for the first 90 days for new users (new)
  • Up to 50% trading fee reduction on all trades for existing users (new)
  • 2% bonus deposit interest rate, applicable to all deposits made to the exchange wallet in the first 30 days after the successful sign-up
  • A Special Syndicate BTC 50% off event celebrating Crypto.com’s fourth anniversary on June 30

The Crypto.com Exchange is powered by the CRO token and features deep liquidity, low fees and best execution prices. It offers traders what’s lacking in the market: competitive pricing, seamless connectivity with the Crypto.com App to access the full suite of crypto offerings from Earn, Credit to Payment and the confidence they are trading with one of the most trusted brands in crypto. The Exchange will see ambitious enhancements throughout the remainder of 2020, including launching margin and derivative trading, lending, localized product and support in multiple languages as well as a revamped rewards program.

Crypto.com’s “Defense in Depth” approach ensures maximum levels of security and privacy across the entire ecosystem, giving users and trades the peace of mind their assets and data is protected. Crypto.com holds $360M in insurance coverage, and recently became the first crypto company to achieve ISO/IEC 27701:2019 certification for privacy.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 2 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of “cryptocurrency in every wallet” into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 350+ strong team. Find out more by visiting https://crypto.com.

0% trading fee for the first 90 days for new users.
0% trading fee for the first 90 days for new users.
Up to 50% trading fee reduction on all trades for existing users.
Up to 50% trading fee reduction on all trades for existing users.

Photo – https://techent.tv/wp-content/uploads/2020/06/crypto-com-completes-key-exchange-infrastructure-upgrades-3.jpg
Photo – https://techent.tv/wp-content/uploads/2020/06/crypto-com-completes-key-exchange-infrastructure-upgrades-4.jpg
Photo – https://techent.tv/wp-content/uploads/2020/06/crypto-com-completes-key-exchange-infrastructure-upgrades.jpg
Logo – https://techent.tv/wp-content/uploads/2020/06/crypto-com-completes-key-exchange-infrastructure-upgrades-2.jpg

Related Links :

https://crypto.com

PR Newswire

Elliptic Awarded ‘Technology Pioneer’ by World Economic Forum for its Work on Fighting Financial Crime in Crypto

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  • The World Economic Forum announced its selection of 100 of the most promising Technology Pioneers of 2020, who are shaping the future of financial and monetary systems, economic independence, and digital economies while also working on broader sustainability issues.
  • Elliptic made it to the selection for its contributions in the field of fighting financial crime and anti-money laundering detection in crypto markets.
  • Elliptic has been a key commentator on how darknet markets are exploiting the coronavirus pandemic
  • The full list of recognized Technology Pioneers can be viewed here.

LONDON and NEW YORK, June 18, 2020 — Elliptic, a leading provider of crypto risk monitoring solutions, was selected among hundreds of candidates as one of the World Economic Forum’s "Technology Pioneers". Since 2013 when Elliptic was founded, it has set an uncompromising global standard for crypto compliance which is recognised by regulators, crypto businesses, and financial institutions alike.

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.

Following its selection as Technology Pioneer, CEO Simone Maini of Elliptic will be invited to participate at World Economic Forum activities, events and discussions throughout the year. Elliptic will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues in financial access and inclusion through the blockchain.

"We’re excited to welcome Elliptic to our 20th cohort of Technology Pioneers," says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. "Elliptic and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world."

"It’s an honour for Elliptic to be acknowledged as a pioneer by the World Economic Forum", said CEO Simone Maini. "The Elliptic team strives to find innovative solutions to eliminate the problem of financial crime in crypto, and this is validation that our efforts are having a positive real world impact.Working with crypto businesses, fin-techs and traditional financial institutions the world over, we are helping to make an open financial system enabled by cryptoassets a reality, and one that is safe to use by all. We look forward to contributing to the Forum dialogues on this challenge."

This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names. Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The diversity of these companies extends to their leadership as well, as over 25% of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. The full list of Technology Pioneers can be found here.

Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.

All info on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers20 More information on past winners, information on the community and the application link can be found here.

Press contact
Meredith Odgers
press@elliptic.co

About Elliptic: Elliptic is the global leader in crypto-asset risk management solutions for crypto businesses and financial institutions worldwide. Backed by investors including Wells Fargo Strategic Capital, SBI Group, and Santander Innoventures, Elliptic has assessed risk on transactions worth several trillion dollars, uncovering activities related to money laundering, terrorist fundraising, fraud, and other financial crimes. Elliptic is headquartered in London with offices in New York, Singapore, and Tokyo. To learn more, visit www.elliptic.co and follow us on LinkedIn and Twitter.

About World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).

About the Global Innovators:
The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.

Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues.

 

Related Links :

https://www.elliptic.co/

PR Newswire

MACROKIOSK and Silverlake Collaborate to Advance the Future of Banking

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KUALA LUMPUR, Malaysia, June 18, 2020 /PRNewswire/ — MACROKIOSK and Silverlake join forces to empower the emerging digital banking industry in the Asia Pacific region. This collaboration brings together the proven robust digital solutions and respective capabilities of MACROKIOSK and Silverlake to support virtual banks in the evolving banking industry landscape.

With increasing digital transformation across the banking sector, the arrival of digital banking in the region is certain. As digital banking is set to disrupt traditional banking practices and cater to underserved markets, advanced technology becomes more crucial than ever in driving the success of digital banking in emerging economies. The partnership between MACROKIOSK and Silverlake will play a vital role in pioneering connectivity and facilitating virtual banks with their digital offerings.

As Asia’s leading digital technology company, MACROKIOSK’s key focus is in the areas of Communication, Authentication, Engagement and Payment delivered through its in-house developed BOLD. suite of digital solutions which are scalable, secure and highly adaptable.

“MACROKIOSK powers over 40 financial institutions in 14 countries across Asia Pacific. Our BOLD. solutions are future-ready to meet the demands of virtual banks and together with Silverlake, we are confident we will provide meaningful access, efficiency and convenience for digital banking consumers,” says Dato’ Henry Goh, Co-Founder and Chief Operating Officer, MACROKIOSK Group.

With award-winning financial institutions as its clients and a vision of ‘mobility beyond imagination’, Silverlake has left a rather large footprint for digital banking and enterprise mobility in the Asia Pacific region. Moving forward, Silverlake intends to continue developing digital solutions and improve its customer experience models to simplify banking for individuals and organisations alike. Alongside with MACROKIOSK, it recognises the significance of digital banking. “Our focus is to drive innovation in financial institutions in Asia Pacific countries through various digital financial services,” says Mr. Joseph Yeong, Co-Founder and Executive Director, Silverlake Mobility Ecosystem.

The collaboration between MACROKIOSK and Silverlake is poised to create a strong partner ecosystem across technologies in their respective areas of expertise, which enable virtual banks to leverage advanced solutions to stay ahead of competition and expand their foothold in the digital banking landscape.

ABOUT MACROKIOSK

MACROKIOSK is Asia’s leading digital technology company with a strong global presence. Since 2000, MACROKIOSK has been at the forefront of helping individuals and businesses embrace the digital economy through the delivery of Digitalisation Platform-as-a-Service (DPaaS) solutions.

To date, more than 3000 businesses in 37 countries spanning 24 industries and millions of users experience MACROKIOSK’s scalable, secure and highly-adaptable digital solutions developed in-house. MACROKIOSK is certified to international standards including the Microsoft.NET, PMP certification and ISO27001 ISMS.

For more information, please visit www.macrokiosk.com.

ABOUT SILVERLAKE

Silverlake is a leading Technology Innovations, Banking, Financial and Cyber Security solutions provider in the Asia Pacific region with a global presence. Executing parallel efforts in pursuing technology innovations as well as keeping its more than 30 years of deploying core banking to customer sites at 100% success rate is paramount to the company’s strategy.

For more information, please visit www.silverlakemobility.com.

MEDIA CONTACT

MACROKIOSK Press Office
matters@macrokiosk.com

Silverlake
mobility@silverglobe.com 
sales@silverglobe.com

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Herta Awarded the Highly Competitive “COVID-19 Response Seal of Excellence” From the European Commission

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BARCELONA, Spain, June 18, 2020 /PRNewswire/ — In May 2020, Herta was awarded with the COVID-19 Seal of Excellence certificate delivered by the European Commission (EC) for the project AWARE.

Seal Of Excellence Herta
Seal Of Excellence Herta

AWARE was sent for evaluation to the European Innovation Council (EIC) Accelerator Pilot. As stated by the EC, the EIC Accelerator Pilot offers Europe’s brightest and boldest entrepreneurs the chance to step forward and request funding for breakthrough ideas with the potential to create entirely new markets or revolutionize existing ones. Highly innovative SMEs with a clear commercial ambition and a potential for high growth and internationalization are the prime target. The 20th of March 2020, the EC made an urgent call through the EIC Accelerator Pilot for technologies and innovations that could help in treating, testing, monitoring or other aspects of the Coronavirus outbreak.

The COVID-19 Seal of Excellence is a highly competitive quality label awarded to project proposals which were evaluated to have a high excellence and impact to deserve funding in this special call, but did not receive it due to current EC’s budgetary constraints.

AWARE proposes a hybrid edge and distributed solution for advanced video analytics, including real-time face recognition and crowd behaviour analysis. Part of the computing pipeline is executed on-premise, on low-power and small-size edge stations using Deep Neural Network accelerator hardware. This allows saving costs and increasing system’s scalability, efficiency and ease-of-installation. HERTA’s cutting-edge algorithms, which are able to identify people even when wearing masks and monitor crowd density, are integrated in the solution. The automatic control of social distancing and the identification of persons in access controls without the need of removing masks become vitally important to control the spread of COVID-19, and are Herta’s main focus to fight against the pandemic.

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PR Newswire

NetFoundry Zero Trust Networking API Is Now Available at the World’s Largest API Marketplace – RapidAPI

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CHARLOTTE, North Carolina, June 17, 2020 /PRNewswire/ — Envisioning a future in which users can spin up zero trust, high performance networking, NetFoundry’s API is now available in the world’s largest API marketplace – RapidAPI.

Developers can now implement zero trust, cloud-orchestrated, programmable networking between any set of cloud applications, edge applications, user devices and IoT devices. The resultant private networks eliminate dependencies on MPLS or VPNs.

“We’ve been using the NetFoundry APIs to integrate private networking into our DevOps cycles in a simple, secure and reliable manner, with excellent results improving our automation and agility,” said Sergio Sancez, CEO AGT

Idit Oryon, Head of partnerships at Rapid API says, “RapidAPI is excited to collaborate with NetFoundry to offer its cloud native zero trust, programmable networking APIs on the world’s largest API Marketplace. RapidAPI enables developers to easily find, connect to, and manage the APIs they need for building diverse applications without duplicating efforts by building complex code. By making NetFoundry’s software-only, zero trust models accessible to our development community, they can now add zero trust security and optimized performance to their next-generation applications.”

“We are delighted to enable developers to simply and programmatically spin up zero trust networking without doing network engineering, leveraging our RapidAPI marketplace API,” said Galeal Zino, Founder & CEO of NetFoundry. Galeal continued, “This is the second wave: Infrastructure-as-a-Service (IaaS) APIs gave developers the abstractions and controls necessary to leverage cloud native compute; now Network-as-a-Service (NaaS) enables developers to easily leverage cloud native networking.” 

“The NetFoundry platform with their programmable endpoints and APIs enables multi-cloud automation and automates networking inside DevOps constructs,” says Ananda Das, CEO of Technilium, Australia.

“Our partnership with RapidAPI enables developers to build next-generation secure-by-design applications that require secure transactions, smart automated digital services,” says Sreelakshmi Sarva, Head of Product at NetFoundry.

Developers may now subscribe to the NetFoundry API via the RapidAPI marketplace to spin up application-specific networks termed “NetFoundry AppWANs”. AppWANs provide micro-segmented, software-only, high-performance access to applications. These apps can be made to be invisible to the internet, accessible only via the private, zero trust AppWAN overlays. Because the solution is app-specific, software-only and cloud-orchestrated, it can be used to provide security and performance for any application, without disrupting any existing WANs or networks, and without impacting other applications.

About NetFoundry

NetFoundry Inc. is the leader in providing  zero trust, high performance, cloud native networking.  Customers use NetFoundry’s turnkey, software-only NaaS services and APIs to spin up private, zero trust networks in minutes, securely connecting any application on any device via any Internet access.  Partners also build their own solutions, leveraging the software which NetFoundry built, open sourced and is the leading contributor to, available at Ziti.dev.  NetFoundry is a Charlotte, NC headquartered company with locations across the world.

Media Links

Twitter: @NetFoundry 
LinkedIn: https://www.linkedin.com/company/netfoundry/
Web: https://netfoundry.io/

PR Newswire

SECUI selects Snet SWAN powered by 128 Technology for enhanced “Zero-Trust” Security

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Leading network integrator to offer SECUI software-centric SD-WAN service

BURLINGTON, Massachusetts, June 16, 2020 /PRNewswire/ — 128 Technology, the leader in Session Smart™ Routing, today announced that SECUI Corporation has selected Snet Systems, a leading network integrator headquartered in Seoul, Korea, to offer a highly reliable and secure managed SD-WAN service, called SWAN, powered by 128 Technology’s Session Smart™ Router. Snet Systems and SECUI an information security company and subsidiary of Samsung SDS based in Korea, will work together to offer enterprise customers a networking environment that delivers the agility they need to be more customer-centric and outpace their competitors.

Snet Systems will provide its SWAN solution to SECUI, which will offer Snet its next generation solutions for network security, threat detection, and security management. The two companies will work collaboratively to provide sales and technical support on joint domestic projects where SECUI participates as a new service.

Snet Systems announced in October 2019 it would join the 128 Technology Solution Partner Program, which enables service providers to leverage 128 Technology’s 128T Networking Platform to create new revenue streams. Snet and SECUI will gain several new features from 128 Technology’s router, including application-aware routing, zero trust security, as well as orchestration and automation. These features will drive more efficient use of network bandwidth, security, performance, and simplicity than any other routing platform on the market today.

“We’re excited to partner with SECUI, a true leader in the security space,” said Incheol You, Chief Technology Officer, Snet Systems. “The combination of SECUI’s security infrastructure, in addition to our SWAN solution, will result in a powerful offering to enhance our customers’ productivity, bandwidth efficiency and profitability.”

“128 Technology’s Zero Trust security approach was a major reason why we decided to partner with Snet,” said Byung Soo Kim, Vice President, SECUI. “We’re not interested in network security that’s painted on or relegated to the perimeter. We need a security solution that’s baked into the routing fabric itself and can help us mount simpler and more affordable defenses. Snet SWAN, powered by 128 Technology, was the ideal solution.”

“Today’s enterprises need a network that is not only resilient to attacks but can also isolate an attack to the smaller segment within the network,” said Kaz Kuroda, Managing Director APAC, 128 Technology. “By partnering with 128 Technology and using its Zero-Trust security model, Snet and SECUI will be able to reduce the risk of security breaches and compliance penalties as well as make it easy to connect and secure remote locations.”

To learn more about 128 Technology’s mission to set the network free, visit here.

About SECUI Corporation

SECUI has been concentrating on network security technology development since its founding in 2000. We are now starting to have international security company as a target. SECUI has been recognized for its competence and potential throughout the world, and continuously making new stories with pleasant corporate culture, innovative process, creative thinking and passionate activities. From development, consulting, SI service and more, SECUI’s ethic for management is based on providing best technology, excellent quality and superior products / services to the customers. As a No.1 security company in Korea, we will always comply with our social responsibilities.

About Snet Systems

Snet Systems is Cisco Gold Partner since 2002 in Korea. We have years of comprehensive experience in architecting technology solutions that best fit a customer’s requirements for a next generation network infrastructure. Snet Systems consults, designs, establishes, and maintains all infrastructure of network, security, unified communication, as well as data center solution, Cloud Service, Internet of Thing (IoT), SDN Application, and Mobile Network Solution. In addition, the company has a sustainable growth system through synergy management with its affiliates, Goodus, Goodus Data, Goodus Smart Solutions, and overseas branch offices in Indonesia, China, and Vietnam.

About 128 Technology

128 Technology, a software-based networking company, is on a mission to radically reinvent companies’ digital futures based on a new model for virtual networking called Session Smart™. Session-smart networking enables enterprise customers and service providers to create a service-centric fabric that’s more simple, agile, and secure, delivering better performance at a lower cost. Whether your enterprise is moving your business to the cloud, modernizing the WAN edge, seeking more reliable unified communications or pursuing an industrial internet of things (IIoT) initiative, Session Smart networking re-aligns networks with digital transformation initiatives. Headquartered in Burlington, Mass. along Route 128, ‘America’s technology highway’, the company also has operations throughout North America, South America, Europe and Asia Pacific.

To learn more about 128 Technology, visit www.128technology.com and follow the company on Twitter, LinkedIn and Facebook.

Media Contacts:

Guyer Group for 128 Technology
Kevin Whalen
kevin@guyergroup.com

Kaz Kuroda
Managing Director APAC, 128 Technology
kkuroda@128technology.com 

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PR Newswire

NS8 Raises $123 Million Series A, Now Among Fastest Growing Fraud Prevention Platforms in the World

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Latest Raise Led by Lightspeed Venture Partners and AXA Venture Partners

LAS VEGAS, June 12, 2020 /PRNewswire/ — NS8, an online fraud prevention company, announced the company has successfully closed $123 million in venture funding led by Lightspeed Venture Partners and AXA Venture Partners (AVP).

With this investment, NS8 will accelerate product development and expand its global reach with an increased focus on growing its vast partner network. The company has grown from 50 to over 200 employees within the last year, and hiring continues across sales, engineering, marketing, and infrastructure.

Lightspeed’s investment provides NS8 with access to the firm’s expansive global network, as well as a team of operators and advisors to help navigate challenges, build world-class teams, and support the company’s continued growth at all stages. 

“Online fraud prevention has grown rapidly due to the acceleration of ecommerce adoption by merchants and, with it, an increased threat of those seeking to attack online stores. Merchants of all sizes need to invest in security products to ensure a safe and secure online experience,” said Bradley Twohig, Partner at Lightspeed Venture Partners. “NS8’s platform allows its partners and their merchants to stand up a full-service fraud prevention hub, in a matter of a day, across almost every ecommerce platform. The time to value is simply best in class.”

AVP has significant experience helping scale companies that leverage differentiated technology and efficient business models to drive innovation in enterprise software, fintech, consumer and digital health. With offices in North America, Europe, and Asia, AVP can also help NS8 accelerate its global expansion.

“NS8 has built a market-leading fraud detection and prevention platform combining advanced data analytics with real-time scoring. NS8’s rapid growth is a testament to the strength of the company’s product and the value NS8 delivers to its customers,” said Alex Scherbakovsky, General Partner at AXA Venture Partners and NS8 board member. “We are excited to partner with Adam and the NS8 team to scale the business globally.”

Throughout the recent global pandemic, NS8 continues to emerge as the fastest growing industry leader, with year-over-year revenue growth of 200 percent and a dedicated focus on aiding online vendors to make fraud decisions that protect their customers and their bottom line.

“Thanks to this investment from Lightspeed, AXA Venture Partners, and our full backing group, we can continue to scale to meet the growing demand for fraud prevention technology in the global marketplace,” said NS8 CEO Adam Rogas. “This partnership positions NS8 to empower even more businesses with enterprise-level fraud defenses, regardless of size or industry.”

About NS8
NS8 is a comprehensive fraud prevention platform that combines behavioral analytics, real-time scoring, and global monitoring to help online businesses minimize risk. Its patented scoring technology provides actionable data about the type, quality, and trustworthiness of transactions, which businesses leverage to automate fraud management workflows to suit their individual needs. NS8 is headquartered in Las Vegas, with regional offices located in San Francisco, San Ramon, Miami, Amsterdam, Singapore, and Melbourne. www.ns8.com

Crowell & Moring LLP served as legal counsel to NS8 in the fundraising transaction.

About Lightspeed Venture Partners
Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 400 companies globally, including Snap, Nest, Nutanix, AppDynamics, MuleSoft, OYO, Guardant, StitchFix, and GrubHub. Lightspeed and its affiliates currently manage $10.5B across the global Lightspeed platform, with investment professionals and advisors in Silicon Valley, Israel, India, China, Southeast Asia, and Europe. www.lsvp.com

About AXA Venture Partners
AXA Venture Partners (AVP) is a global venture capital firm investing in high-growth, technology-enabled companies. AVP has built, in less than five years, a unique investment platform specialized in tech investments with $800 million of assets under management through three pillars of investment expertise: early stage, growth stage, and fund of funds. To date, AVP has invested in more than 45 companies and more than 15 funds. The AVP team operates globally with offices in San Francisco, New York, London, Paris, and Hong Kong. Beyond investments, AVP provides unique access to business development opportunities helping portfolio companies to scale globally and accelerate their growth. www.axavp.com

LinkedIn: @ns8               Twitter: @ns8inc               NS8.com

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Source: NS8, Inc.