Tag Archives: STW

PR Newswire

VentureBlick Launches ‘Discovery’: The First Global Networking Platform for Healthcare Innovation

Leave a comment

Empowering key ecosystem players to find each other easily and work together

SINGAPORE, May 8, 2024 /PRNewswire/ — VentureBlick announces the launch of Discovery, a groundbreaking networking platform designed to connect healthcare innovators, advisors, investors, distributors, partners, and service providers worldwide.

VentureBlick Discovery networking platform for healthcare innovation
VentureBlick Discovery networking platform for healthcare innovation

Healthcare innovation is often associated with high barriers and risks, necessitating more cross-border and cross-sector collaboration for global impact. Discovery is the first-ever platform bringing together key stakeholders in healthcare innovation under one virtual roof.

It is free to join Discovery, which is line with the platform’s mission to foster openness, enhance visibility, and facilitate connections throughout the ecosystem.

Since its soft launch a few weeks ago, Discovery has attracted close to 3,000 members from across 50 countries, underscoring its global appeal and potential for growth.

Innovators, investors, and distributors alike stand to benefit from Discovery’s comprehensive suite of tools and resources. Innovators can showcase their breakthrough technologies on a global stage, connect with potential partners and investors beyond their home market, and access essential resources for growth and expansion. Investors can identify promising investment opportunities, gain valuable market intelligence, and engage directly with industry experts. Distributors can expand their product portfolios into new territories or new geographies and forge new partnerships.

One of Discovery’s distinguishing features is its exclusive access to a carefully curated list of advisors. These advisors are either practicing clinicians or industry experts with domain expertise and an innovative mindset, chosen to be part of the global VB Advisory Network. They undergo rigorous vetting to provide innovators with invaluable real-world feedback, clinical insights, and critical resources. VentureBlick is committed to prioritising medical value when it comes to validating and supporting healthcare innovation, making the VB Advisory Network an essential component of this mission.

Advisors can leverage Discovery to stay informed about the latest innovations in their specialty areas, connect with like-minded peers and industry experts, monetise their expertise through paid consulting engagements, and explore business opportunities.

Chris Lee, Founder & CEO of VentureBlick, expressed his enthusiasm for the launch of Discovery, stating, “Discovery was created with the simple purpose of helping people within the healthcare innovation ecosystem find each other and work together instead of relying on their own professional network, which can be limited.”

Discovery offers a range of features tailored to meet the diverse needs of its members, including user profiles and filtered directories, and direct messaging capabilities. More features including Open Innovation Search, 1-to-1 expert call on-demand, smart matching, and open Q&A forum will soon be introduced, further enhancing the platform’s utility and effectiveness.

For more information about VentureBlick and Discovery, please visit www.ventureblick.com.

About VentureBlick

VentureBlick is an all-in-one healthcare innovation engine, driving connections across borders to propel local innovations onto the global stage. Its suite of services includes the Super Incubator, Consulting, and the innovative Discovery networking platform. VentureBlick fosters collaboration among innovators, clinicians, investors, and ecosystem partners worldwide. Boasting a seasoned team and a network of 2,500 healthcare experts from 60 countries, VentureBlick is committed to prioritising medical value and driving impactful open innovation. Headquartered in Singapore and operating in Korea, Germany, India, and China, VentureBlick has a track record of guiding startups, SMEs, and corporations achieve their milestones through global market mapping, medical validation, market entry strategies, technology scouting, healthcare partnership, and beyond. Discover more at www.ventureblick.com.

PR Newswire

EQT to acquire WSO2, a leading global provider of digital transformation technologies

Leave a comment
  • WSO2 is a leading provider of application development and identity and access management software to enterprises globally, with over 80% of revenue coming from blue-chip customers in the Americas and EMEA
  • WSO2’s technology enables thousands of enterprises, including the world’s largest corporations, universities, and governments, to drive their digital transformation evolution rapidly, efficiently, and more securely
  • Drawing on its extensive experience of supporting global software businesses, EQT will support WSO2’s management team in the next phase of their growth journey

STOCKHOLM, May 3, 2024 /PRNewswire/ — EQT is pleased to announce that BPEA Fund VIII (“EQT Private Capital Asia”) has agreed to acquire WSO2 (the “Company”) from existing shareholders. WSO2 is a leading provider of application development and identity and access management software to enterprise companies globally, with over 80% of revenue coming from blue-chip customers in the Americas and EMEA. Financial details of the transaction have not been disclosed.

WSO2 was founded in Asia and has established a global footprint, enabling thousands of enterprises, including the world’s largest corporations, universities, and governments, to drive their digital transformation rapidly, efficiently, and more securely. WSO2 does this through a comprehensive portfolio of offerings spanning Application Programming Interface (“API”) Management, API Integration, and Identity and Access Management (“IAM”).

Both the API Management and Integration as well as IAM markets are witnessing significant tailwinds, driven by long-term trends such as the transition to hybrid and multi-cloud workloads, rising API volumes, accelerated adoption of Generative AI, and increasing sophistication of cyberattacks. WSO2 is well-positioned to capitalize on this robust market growth on the back of their strong product suite and entrenched customer relationships.

EQT Private Capital Asia will support WSO2’s next phase of accelerated growth and innovation, drawing on EQT’s deep experience in the software space, global network of industry experts and dedicated digital value-creation team. WSO2 joins EQT’s extensive global portfolio of enterprise software companies that already includes firms such as Billtrust, IFS, SUSE, Storable, and Waystar.

Hari Gopalakrishnan, Partner in the EQT Private Capital Asia advisory team, said: “Software is a key focus sector for EQT, and WSO2 is a strong company that has scaled globally with an enterprise customer base spread across the US and Europe. We are excited to partner with WSO2 and believe that the Company is well-positioned to capitalize on long-term trends such as digital transformation and rising GenAI adoption. We are confident of drawing on EQT’s proven software value creation playbook to further accelerate WSO2’s growth momentum.”

“We are thrilled to partner with EQT as we embark on the next phase of WSO2’s journey,” said Dr. Sanjiva Weerawarana, CEO and Founder of WSO2. “With EQT’s support and expertise, we are well-positioned to accelerate our innovation agenda, expand our global footprint, and continue empowering enterprises to thrive in the digital economy.”

EQT Private Capital Asia was advised by Ropes & Gray and Simpson Thacher & Bartlett. The selling shareholders were advised by JP Morgan and Cooley.

With this transaction, BPEA Private Equity Fund VIII is expected to be 45 – 50 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication). The transaction is expected to close in H2 2024.

Contact

EQT Press Office, press@eqtpartners.com

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

https://news.cision.com/eqt/r/eqt-to-acquire-wso2–a-leading-global-provider-of-digital-transformation-technologies,c3973049

The following files are available for download:

PR Newswire

CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention

Leave a comment

Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency

SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.

Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.

Clever.AI enables brands to become:

  • Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROI
  • Empathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiences
  • Actionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-time

Peter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”

Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”

With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.

CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/
X: https://twitter.com/CleverTap

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

PR Newswire

Clarivate Enhances Cortellis CMC Intelligence with Post-Approval Module to Accelerate Regulatory Success

Leave a comment

Enhancements enable pharma, biotech and generics companies to streamline regulatory tracking and optimize life cycle management for small molecules and biologics 

LONDON, May 2, 2024 /PRNewswire/ — Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today announced the launch of the newly enhanced Cortellis CMC Intelligence™ solution, featuring a new post-approval variations module. The module for post-approval variations covers regulatory changes across multiple countries, offering meticulously curated requirements to streamline tracking. With this update, pharmaceutical, biotech, and generics companies can effortlessly navigate the regulatory process and prioritize essential actions.

CMC activities account for nearly 18% of the entire R&D budget, emphasizing the importance of optimization and validation. Cortellis CMC Intelligence for post-approval variations enables clients to compare requirements across 64 countries, reducing tracking time and increasing submission rates with organized, timely, and accurate information.

Justin Hubbard, Vice President, Product Management, Life Sciences & Healthcare, Clarivate, said: “This enhancement underscores our commitment to simplifying the complexities of CMC regulatory dossier submissions for our clients. By offering transformative insights, Clarivate accelerates their path to markets and patients. With the ability to efficiently compare regulations across countries for small molecules and biologics, as well as automate CMC regulatory monitoring through user-configured alerts, clients can navigate the process with confidence.” 

With its new module covering both pre- and post-approval documents, Cortellis CMC Intelligence offers comprehensive lifecycle information for drugs and biologics. Serving as a single-platform solution for CMC requirements, it effectively reduces tracking time and unnecessary costs.

About Cortellis CMC Intelligence

Cortellis CMC Intelligence curates and tracks official CMC regulations and local practices for more than 135+ countries, territories and organizations for small molecules and 64 countries, territories and regions for biologics, with pre-and post-approval module coverage. Robust data is available for 25+ product and regulatory-related filters based on eCTD structure, including 6K+ source documents and over 2K links to Cortellis Regulatory Intelligence, providing access to expanded detail and in-depth summaries from experts in local regulatory practices, paired with reference source documents, to offer a complete picture. The addition of a new post-approval module now makes a comprehensive CMC solution with complete lifecycle information for drugs and biologics to increase submission rates and avoid costly delays. To learn more about Cortellis CMC Intelligence, visit here.

About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com 

Media Contact:
Luna Ivkovic
External Communications, Life Sciences & Healthcare
newsroom@clarivate.com

PR Newswire

Agora Launches Advanced Video Technology to Enhance Live Stream Quality

Leave a comment

Agora’s Adaptive Video Optimization™ (AVO) technology dynamically optimizes performance at every step, from capture to playback, to deliver exceptional live video quality.

SANTA CLARA, Calif., May 1, 2024 /PRNewswire/ — Agora, Inc. (NASDAQ: API), a pioneer and leading platform for real-time engagement APIs, today unveiled its latest innovation, Adaptive Video Optimization™ (AVO) along with support for the AV1 video codec. This advanced technology harnesses the power of machine learning to dynamically adjust parameters at every step from capture to playback to deliver an enhanced live video streaming experience.

In today’s fast-paced digital world, live video calling and streaming often encounters hurdles such as unstable network conditions, packet loss, and limited bandwidth. These challenges can result in freezing, stuttering, grainy video, and dropped connections, diminishing the real-time video experience and negatively impacting user engagement. Adaptive Video Optimization™ uses a series of advanced machine learning algorithms to address these common issues. By optimizing video quality in real time based on network conditions, device capabilities, and available bandwidth, AVO ensures the highest possible video quality and optimal performance even under varying network scenarios.

“Reliable and high-quality live streaming is essential in today’s video-dominated media landscape,” stated Tony Zhao, CEO and Co-Founder of Agora. “Our Adaptive Video Optimization technology enables smooth delivery of every video call and livestream—despite network variability, user’s location or device type. These improvements empower Agora’s customers to provide the highest-quality live video user experience.”

Agora’s commitment to delivering a seamless real-time video experience with AVO rests on three core pillars:

  • Optimized Image Quality: Ensures that every frame is crisp, with enhanced contrast and vibrant details that make the viewing experience clearer and more engaging.
  • Unmatched Video Fluency: Eliminates common streaming issues like buffering and stuttering, providing a smooth and natural flow.
  • Ultra-Low Latency: Allows users to interact in real-time, whether with hosts or other viewers, and enjoy quick loading times and instant first-frame rendering for seamless transitions between video streams.

AVO™ takes a comprehensive machine learning approach to ensure the highest quality video streaming experience by optimizing every stage of the video processing pipeline — pre-processing, encoding, transmission, decoding, and post-processing. A key component of this solution is Agora’s Coding Technology (ACT), designed to optimize user experiences by dynamically selecting the best video codec (like AV1 or VP9) based on device capabilities and interoperability requirements. By employing advanced techniques and cutting-edge compression methods, the technology adapts, configuring parameters dynamically and ensures crisp visuals, efficient bandwidth utilization, and a consistent, high-quality experience for all users, from the moment the video is captured to the final display on the viewer’s screen.

From video capture through playback, the technology continuously adapts to changing network conditions and device capabilities, guaranteeing a seamless streaming experience. Any imperfections that may arise during transmission are rapidly mitigated, and the final video is polished to provide lifelike clarity, delivering a superior real-time video experience for scenarios ranging from telehealth consultations to live shopping and social media.

“Agora’s Adaptive Video Optimization™ (AVO) drastically improved the real-time video experience in our app,” said Ellard Capiral, VP of Engineering at social live streaming app KUMU. “Users get smooth, high-quality video without freezes—even on slow connections and older devices. Since implementing AVO, we’ve seen a 30% increase in session length and engagement.”

To learn more about Agora’s Adaptive Video Optimization™ technology, check out this blog on Optimizing the Live Video User Experience and watch a side-by-side video comparison demonstrating superior real-time video quality.

About Agora 
Headquartered in Santa Clara, California, Agora is a pioneer and global leader in Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.

Source: Agora, Inc.

PR Newswire

Nullmax Showcases Comprehensive Autonomous Driving Solutions at Auto China 2024

Leave a comment

FREMONT, Calif., April 26, 2024 /PRNewswire/ — Nullmax, an advanced autonomous driving company, is showcasing its innovative full-set of autonomous driving solutions at the 2024 Beijing International Automotive Exhibition (Auto China 2024), held at the China International Exhibition Center. The company is featuring its platform-based ADAS/AD products, MaxDrive series, which includes a variety of integrated driving and parking solutions designed to accelerate the mass production of autonomous driving globally.

The MaxDrive series aims to offer leading intelligent driving experiences and cost efficiency for all classes vehicles, adapting to a wide range of computing capacity and sensor configurations. With Nullmax’s full-stack software, algorithms and the advanced BEV-AI technology architecture, MaxDrive has been able to deliver any type of self-driving application to worldwide automakers in a short time.

Comprehensive ADAS/AD Solutions for Various Needs
At the exhibition, Nullmax introduced four types of ADAS/AD solutions to cater to the diverse needs of OEMs for different vehicle classes. The solutions are designed to be more efficient, requiring significantly less computing power while still delivering superior performance.


It is seen that the automotive industry approaches a critical phase in the implementation of intelligent driving technologies. Towards this enormous demand, Nullmax is highlighting four key smart driving solutions at the exhibition, ranging from entry-level to advanced solution:

  • Smart Front Camera Solution: Utilizes a TI’s 2 TOPS processor in a 1V configuration, scalable to 1V5R (1 camera and 5 MMW Radars); provides essential intelligent driving functions, including Intelligent Cruise Control and basic ADAS features, ensuring safety and comfort. This solution earned a five-star rating in the latest Euro NCAP and C-NCAP assessments.
  • Basic Solution of Driving and Parking Integration: Features a TI’s 4 TOPS processor in a 5V5R12U setup (5 cameras, 5 MMW Radars, 12 Ultrasonics), offering SAE L2 driving and parking functions, expandable to Navigate on Pilot (highway).
  • Standard Solution of Driving and Parking Integration: Employs a TI’s 8 TOPS processor to provide ADAS functions such as Navigate on Pilot (highway), Home-Zone Park Assist.
  • High-End Solution of Driving and Parking Integration: Utilizing a NVIDIA Orin chip in an 11V12U configuration, it operates without Lidar or HD-Maps, instead generating a local map on board in real time. This high-performance solution offers comprehensive driving and parking capabilities, including Navigate on Pilot for both urban and highway scenarios.

These solutions all use a single processor and do not require additional SoC or MCU, offering a notable cost advantage. Additionally, the integrated solutions of driving and parking can provide navigation function without the need for a high-precision positioning system.

Empowering Global Mass Production with Platform-Based Solutions
The MaxDrive series is tailored to meet the stringent vehicle development requirements around the world. Capable of achieving top-tier results in global assessments such as Euro NCAP, C-NCAP, etc.

Over the past two years, MaxDrive has secured a series of mass-production contracts, and delivered some ADAS/AD solutions. These deployments demonstrate the maturity and reliability of Nullmax’s autonomous driving solutions.

As the automotive industry continues to evolve, Nullmax remains at the forefront of innovation, committed to bringing the benefits of autonomous driving to global consumers. Welcome to visit Nullmax’s exhibit at E2-W03 booth in China International Exhibition Center (Shunyi). and experience the future of autonomous driving firsthand.

About Nullmax
Founded in 2016 in Silicon Valley, Nullmax specializes in vision-based autonomous driving and has established itself as a leader in the industry with its advanced ADAS/AD technology. The company offers a comprehensive range of intelligent driving solutions for OEMs and Tier 1 suppliers.
For more information, please visit www.nullmax.ai.

Contact:
Nullmax Media Center: media@nullmax.ai

PR Newswire

TOPDON Unveils State-of-the-Art Thermal Imaging Camera with 9mm Adjustable Lens

Leave a comment

ROCKAWAY, N.J., April 25, 2024 /PRNewswire/ — TOPDON, the premier provider of cutting-edge technology and advanced tools for auto repair professionals and enthusiasts, just unveiled its latest in professional grade thermal imaging technology showcased in the new TS001. This long-focus Android thermal imager is designed to capture sharp images, even for objects as close as PCB boards.

TOPDON Thermal Imaging Camera TS001
TOPDON Thermal Imaging Camera TS001

“Thermal imaging has become a critical tool to quickly and accurately target and repair complex issues across a wide range of industries” said Mike Zhou, CEO of TOPDON. “As a leader in advanced solutions for the automotive industry, we’re proud to unveil our most sophisticated thermal imaging technology in the TS001. This powerful new thermal imaging camera will be a significant tool to troubleshoot structural, electrical, and mechanical failures, as well as increase safety in challenging conditions.”

Using a 9mm adjustable lens, the TS001 offers infrared imaging clarity from 0.1 to 500 meters. With 256×192 IR resolution, flawless results are attainable for both macro electrical detection and outdoor observation. Its 25Hz high-speed frame rate swiftly captures tiny faults, while the robust measurement modes offer accurate temperature readings and intuitive heat distribution insights.

“The advanced technology we engineered in our TS001 thermal imaging technology has far-reaching applications outside the auto industry,” said Zhou. “As the technology is not only preventative, it can also lead to increased safety and energy efficiency wherever detecting quick and accurate variations in temperature patterns is required. Professionals in industrial maintenance, electrical inspections, building and HVAC, and medical diagnostics are among the many who will benefit from our technology.”

The TS001 includes several advanced features including:

  • Superior image quality with 256×192 IR resolution
  • The adjustable 9mm lens ensures clarity for objects both near and far
  • Observation mode swiftly captures targets with finesse
  • Smart temperature alert
  • Real-time temperature waveform
  • 10 Color Palettes

For more features about the TS001, visit https://www.topdon.com/products/TS001

About TOPDON
Founded in 2017 TOPDON is a provider of entry-level, mid-level, and advanced tools and solutions for professional technicians, as well as DIY enthusiasts. Globally, TOPDON has over 250 industry-leading engineers and owns over 500 patents and software Copyrights. The company’s cutting-edge technology helps shops minimize downtime and maximize profits. For more information visit www.topdon.com

PR Newswire

Veritas Strengthens Cyber Resilience with New AI-Powered Solutions

Leave a comment

  • Launches industry’s first self-defending data protection solution
  • Announces new AI-powered copilot
  • Expands Veritas 360 Defense with new security partners

SINGAPORE, April 24, 2024 /PRNewswire/ — Veritas Technologies, the leader in secure multi-cloud data resilience, today announced artificial intelligence (AI)-powered advancements in Veritas 360 Defense. With the industry’s first self-defending data protection solution, a generative AI-powered operational copilot and new ecosystem partners, organizations can more rapidly recover from ransomware attacks.

Matt Waxman, senior vice president of product management at Veritas, said: “Cyber criminals are now using sophisticated AI tools to increase the frequency, speed and scale of their attacks, overwhelming data protection teams. At the same time, organizations are less likely to be hiring additional data protection specialists. This leaves both existing specialists and new generalists in need of additional support. The solution is intelligent data management tools that act as a sidekick to guide them in their fight against cybercrime.”

Industry’s First Adaptive Self-Defending Data Protection Solution

Cybercriminals are increasingly trying to corrupt backup data using the stolen credentials of administrators. Veritas is introducing a new self-defending data protection solution—a first-of-its-kind in the data protection industry. Veritas NetBackup and Veritas Alta Data Protection will continuously monitor and defend themselves against threats from compromised data protection user credentials. Beyond detecting anomalies in administrative user behaviors, the protection solutions will automatically flag unusual administrator behavior and autonomously adjust security parameters—such as multifactor authentication and multi-person authentication—to lock down access to data and protect it against attacks.

Veritas Alta Copilot Streamlines, Simplifies and Optimizes Cyber Resilience

Veritas Alta Copilot has been designed using the latest large language models to reduce the complexity of enterprise data management and is now available for users of Veritas Alta View. It can create sophisticated reports to monitor data protection infrastructure through simple conversation in natural language, quickly identify cyber vulnerabilities and operational inefficiencies, proactively assist with troubleshooting and guide users through complex data management tasks.

Veritas Alta Copilot has been trained with Veritas best practices and product documentation. It empowers multi-tasking IT generalists to drive the level of optimal performance from their technology investment typically only achieved with management and configuration by highly specialized experts.

Matt Neubauer, chief information officer at Morgans, said: “AI-powered solutions from Veritas could help us transform how we approach data protection. They will be able to not only anticipate threats but also streamline our data management operations, saving us time and freeing up resources to focus on transformational activity.”

Veritas 360 Defense Vendor Ecosystem Expands to Simplify End-to-End Cyber Resilience

Five new security partners have joined the Veritas 360 Defense ecosystem for increased threat monitoring, protection and recoverability. The expanded roster of partners includes Securonix, a leader in next-generation security information and event management, user and entity behavior analytics and security orchestration automation and response.

Mark Stevens, global vice president of channels and alliances at Securonix, said: “A rise in AI-driven, social-engineered credential abuse attacks is putting all applications and data at risk. With Securonix joining the Veritas 360 Defense ecosystem, Veritas customers will be able to easily access an early warning from our AI-powered detection solution that stolen credentials are being used across a wide range of other applications. This will enable them—or their Veritas AI tools—to trigger enhanced security measures for their protection environments before they’re compromised.”

Waxman concluded: “Cyber resilience continues to be a team sport. As cybercriminals change their offense strategy from attacking systems to attacking the people who operate them, the security community needs to come together to adapt their defense strategy. No one can do this alone; they all need both partners and AI on their side.”

Learn more about today’s announcements from Veritas.

About Veritas 
Veritas Technologies is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor can match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems and 1,400+ storage targets through a single, unified approach. Powered by Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at veritas.com. Follow us on X at @veritastechllc. 

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. Other names may be trademarks of their respective owners.

PR Newswire

Aurionpro Solutions acquires Arya.ai, to power next generation Enterprise AI platforms for Financial Institutions

Leave a comment

SINGAPORE, April 22, 2024 /PRNewswire/ — Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces the acquisition of Banking and Insurance focused PaaS startup, Arya.ai. With Arya.ai, Aurionpro will enhance its portfolio of enterprise fintech offerings to expedite adoption of AI that is responsible, accurate, and auditable.

Deekshith Marla, Founder and CTO of Arya.ai, Vinay Kumar Sankarapu, Founder and CEO of Arya.ai, and Ashish Rai, CEO, Aurionpro Solutions
Deekshith Marla, Founder and CTO of Arya.ai, Vinay Kumar Sankarapu, Founder and CEO of Arya.ai, and Ashish Rai, CEO, Aurionpro Solutions

Aurionpro Solutions Ltd. will acquire a majority stake (67%) in Arya.ai. This acquisition will bring products and expertise in Artificial Intelligence, Deep Learning, Intelligent Automation, PaaS, Autonomous AI Platforms, and more, to complement and strengthen Aurionpro’s industry leading portfolio.

The transaction comprises acquisition of shares held by the existing shareholders and subscription of new equity capital in the company. This will be an all-cash deal. The aggregate investment including  secondary acquisition and fund infusion is approximately 16.5 MN USD.

By integrating Arya.ai’s cutting-edge AI cloud platform, with Aurionpro’s comprehensive suite of offerings, the company will create an industry leading Enterprise AI platform focused on creating value for financial institutions globally. 

Commenting on the acquisition, Ashish Rai, CEO of Aurionpro Solutions, stated, “The acquisition of Arya.ai marries Aurionpro’s portfolio of industry leading enterprise software with one of the most mature Enterprise AI platforms focused on Banks and Insurers. We are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading Enterprise AI platform, for the financial industry worldwide.”

“Our decade long experience in building tools/platform for deep learning helped us to build a truly verticalized AI Operating System for Banking and Insurance.” Says Vinay Kumar CEO/Founder of Arya.ai. “Together with Aurionpro, we are going to build a new generation of Enterprise AI software for Banks and Insurers that truly embeds AI, augmenting a task or Autonomous Agents that can take over entire transactions”. 

Founded in 2013 by Vinay Kumar and Deekshith Marla, Arya.ai has been one of the first ‘AI’ startups to use Deep Learning and deploy in enterprises. Arya.ai’s BFSI PaaS offerings include Arya API with 80+ ML models, Libra for fine-tuning SOTA ML models, and AryaXAI for AI governance.

PR Newswire

Easy Journey to the Cloud – Huawei Cloud Debuts HECS L

Leave a comment

SINGAPORE, April 19, 2024 /PRNewswire/ — Transitioning to the cloud presents a crucial decision for enterprises, with selecting the ideal cloud server topping the priority list. Yet, for small and medium-sized businesses (SMBs), startups, and entry-level developers, this decision proves challenging due to high thresholds and deployment costs, alongside the ongoing maintenance and operational expenses of cloud servers.

In response to these challenges, Huawei Cloud introduces the Hyper Elastic Cloud Server Light (HECS L) today. This innovative cloud server distinguishes itself with four key advantages: no freezing, cost-effective, easy to use, and easy to manage. SMBs can now seamlessly embark on their cloud journey, benefitting from HECS L’s standout feature of “websites built in 3 steps with 2x the performance”.

HECS L is a silver bullet for building and managing various digital platforms, including websites, e-commerce stores, mini-games, business systems, and online test environments. Moreover, it streamlines cloud service setup, reduces expenses, and enhances overall efficiency.


QingTian Architecture + KooVerse: High Performance, Low Latency

The technical backbone of Huawei Cloud, QingTian Architecture, showcases two significant advancements: software-hardware synergy on the data plane and the Alkaid smart cloud brain on the management plane. On the data plane, QingTian doubles computing density and quadruples delivery efficiency. Its software-hardware synergy enables full offloading and acceleration for compute, storage, networking, and security resources, resulting in minimal storage and network latency. On the management plane, Alkaid facilitates global resource scheduling, dynamic governance, and intelligent computing power matching, ensuring efficient resource allocation and utilization. QingTian serves as the cornerstone for HECS L’s optimal performance, offering exceptional stability and speed, and zero freezing.

Complementing QingTian, KooVerse, Huawei Cloud’s global cloud infrastructure, elevates the efficacy of HECS L to new heights. With its unified architecture, KooVerse revolutionizes latency-sensitive operations such as audio/video streaming, real-time gaming, and online education. It enables HECS L users to experience a 50-ms latency circle, coupled with high security and stability.

Through the powerful synergy of QingTian and KooVerse, HECS L outperforms its counterparts in terms of efficiency and latency, emerging as the premier choice for agile services.


Better User Experience: Out-of-the-Box, Easy-to-Manage

Huawei Cloud HECS L not only boasts powerful capabilities but also prioritizes user-friendliness. Huawei Cloud researchers have meticulously identified the pain points users encounter throughout the cloud server lifecycle, addressing them with HECS L’s user-centric design. HECS L features low thresholds, visualized functions, centralized configurations, and a premium user experience. Specifically, it offers the following strengths:

  • Quick purchase: Streamlined cloud server setup process with various image and resource combinations.
  • Websites built in 3 steps: Effortlessly create websites, tools, systems, and environments in just three steps using preset images and scenario-specific templates.
  • Rollout in minutes: Provision resources with a few clicks and seamlessly orchestrate services, saving significant time.
  • Visualized management: All resources and connections accessible in one place, providing a comprehensive overview and detailed insights without navigating multiple tabs.
  • Simplified management: Timely reminders for resource status checks, facilitating easy renewal or cancellation.
  • Thorough guide: Comprehensive scenario-specific guides for step-by-step website setup, ensuring clarity throughout the configuration process.
  • Cost-effectiveness: Huawei Cloud’s commitment to cost reduction enables HECS L to offer competitive advantages and affordable prices. Users can easily find a cloud server with ideal specifications to suit their budget.


Huawei Cloud’s New-Offering Prime Season features enticing deals on HECS L. For just $10.79 USD, users can acquire a cloud server with 2 vCPUs, 1 GB memory for six months. For those requiring additional power, a cloud server with 2 vCPUs and 4 GB memory is available for only $80.26 USD for an entire year. For more information, visit Huawei Cloud’s official website.

More info: https://activity.huaweicloud.com/intl/en-us/prime-season.html