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PR Newswire

PureSoftware and NICE Systems Join Hands to Empower Enterprises to be Future-Ready with its Next-Gen Automation and Customer Experience Solutions

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SINGAPORE, June 1, 2021 — PureSoftware, a next-gen software product, and services company, has partnered with NICE Systems, a worldwide leading provider of cloud and on-premises enterprise software solutions. The partnership aims at using PureSoftware’s end-to-end implementation services to enhance the user experience for enterprises across the globe with NICE’s world-class platforms –InContact CXone and Actimize. 

PureSoftware aims to strengthen its Unified Communications CoE by building a dedicated team with capabilities on the NICE platform. With PureSoftware’s focused presence in Asia; this partnership will enable PureSoftware’s customers in the region to get more support as they transform their contact centres and communication processes to meet the needs of the emerging remote working environments.

"We are delighted with our new partnership with PureSoftware and are excited to be delivering a joint go to market in ASEAN to bring new levels of experience to our customers," said Andrew Hindmarch, VP of Channel & Alliances for APAC at NICE Systems.

The RPA Center of Excellence at PureSoftware that has been delivering process automation solutions for customers will also now include NICE Advanced Process Automation (APA), with expertise in implementing the employee virtual assistant, NEVA. 

"We’re excited to partner with NICE to expand our presence in the unified communications. This powerful association as an implementation partner will expand our capabilities in helping organizations drive a more flexible and streamlined contact center experience for the modern global enterprise," said Manish Sharma, Chief Executive Officer, PureSoftware.

Together, PureSoftware’s implementation capabilities and NICE solutions will power enterprises to know their customers better, act in real-time, and ensure that every employee is engaged. 

About PureSoftware:
PureSoftware is a software product and services company that focuses on driving a differentiated customer experience, accelerating cycle time, and improving business outcomes through the integration of digital solutions, robotic automation, and non-linear commercial models. It’s global delivery organization offers reliable technology led solutions that meet performance, quality, time to market, rapid customization, and support.

About NICE
NICE Systems is the worldwide leader of intent-based solutions that capture and analyze interactions and transactions, realize intent, and extract and leverage insights to deliver impact in real-time. Driven by cross-channel and multi-sensor analytics, NICE solutions enable organizations to improve business performance, increase operational efficiency, prevent financial crime, ensure compliance, and enhance safety and security.

Media Contact:
Gyaneshwari Tiwari
gyaneshwari.tiwari@puresoftware.com  
+91-8376932369

PR Newswire

Contrast Security’s State of Application Security in Financial Services Report Finds 75% of Application Security Budgets Are Rising in 2021 Due to Frequent Application Attacks

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98% of financial services respondents admit they have experienced at least three successful application exploits in the last 12 months that have caused an operational disruption and/or a data breach leading to the increase in application security budgets

LOS ALTOS, Calif., May 27, 2021 — Contrast Security, a leader in modernizing application security, today announced the findings of its 2021 State of Application Security in Financial Services Report based on a comprehensive survey of development, operations, and security professionals and executives at enterprise-level financial services institutions. The report explores the state of application security at these organizations, and the findings indicate that the security of these applications — that have access and control over consumers’ finances — is not a priority or major concern for most of them. 

With most attacks on financial services institutions executed at the application layer at a time when customers demand more digital services and customer-facing applications are developed in-house, application security is mission-critical. Methodologies like Agile and DevOps — and a growing use of open-source code and application programming interfaces (APIs) — have accelerated the development process, enabling financial institutions to speed up digital transformation initiatives that had been planned for months or years in the future. However, the financial services industry, including banking, insurance, and investment firms, has long been a target of cyber criminals, and this has only accelerated due to the COVID-19 pandemic. 

When multiple serious vulnerabilities are present in an application, cyber criminals have many opportunities to mount a successful attack. Almost all respondents (98%) admit that they have experienced at least three successful application exploits in the past year that have caused an operational disruption and/or a data breach. Astoundingly, more than half of organizations (52%) saw 10 or more successful attacks over 12 months. As a result, 99% of respondents in organizations with more than 15,000 employees peg the cost of each attack at $1 million or above. 

The high rate of false positives combined with the lack of actionable information in scan reports creates a major time sink for both development and security teams. More than eight in 10 respondents (81%) say that their application security teams spend three or more hours per false positive to identify it as such. So, when a legitimate vulnerability is identified, 72% of respondents said their organization’s application security team spends six or more hours to triage, diagnose, and prioritize remediation for the development team. The baton then is passed to developers, who spend 10 or more hours per vulnerability to perform remediation and verification, according to 69% of respondents. With a scan report potentially containing hundreds of alerts, with a majority being false positives, these staff hours add up quickly for both the development and the security teams.

Given application security is an increasing concern for enterprises, 75% of respondents report that their application security budget is increasing in 2021, and 24% say that increase is more than 15%. Despite this emphasis on application security, only 40% of organizations place direct responsibility for application security under the CISO. So, while budgets are increasing at many organizations, some may not have a solid strategy in place to use those funds wisely. A crucial starting point will be to ensure security keeps up with the pace of development. 

"It is clear that application security strategies have not matured at most of the financial services organizations represented in this survey," said Jeff Williams, CTO and co-founder at Contrast Security. "The good news for institutions looking to build out their strategy is that implementing a modern application security platform can dramatically accelerate their program and produce real improvement quickly. Instrumentation-powered application security can provide continuous security testing at massive scale, providing highly accurate feedback to developers in real time, empowering them to find and fix their own vulnerabilities without direct help from application security specialists."

The Contrast Application Security Platform uses instrumentation to observe, analyze, and protect software from within the application. In doing so, Contrast makes security continuous and integrates seamlessly with modern software — from development into production. In addition, this approach offers an unprecedented application security orchestration layer for financial services institutions to improve enterprisewide risk reporting and policy enforcement. Contrast Security has worked with financial services institutions of all types around the world. Customers include leading global Fortune 500 and financial industry regulatory enterprises. 

REPORT: 2021 State of Application Security in Financial Services

BLOG POST: Contrast Study Finds Significant Application Security Risk at Financial Services Enterprises 

PODCAST: Digital Transformation in Financial Services Accelerates, Application Security Struggles to Keep Up 

WEBINAR: New Report Highlights Digital Acceleration in Financial Services Is Creating Application Cyber Risks 

Methodology:
This report is based on a comprehensive survey of business leaders, developers, and security professionals at financial services enterprises in North America. Conducted in April and May 2021, the survey sought to gauge the maturity of both the software development operations and application security programs, how organizations are using application security tools, and what outcomes they are seeing. The results of each question were analyzed for the whole cohort, and many answers were also grouped by background data like job title, company size, and application security methodology. From this analysis, we identified several insights about application development and security specific to the financial services vertical.

About Contrast Security:
Contrast Security is the leader in modernizing application security, embedding code analysis and attack prevention directly into software. Contrast’s patented deep security instrumentation completely disrupts traditional application security approaches with integrated, comprehensive security observability that delivers highly accurate assessment and continuous protection of an entire application portfolio. This eliminates the need for disruptive scanning, expensive infrastructure workloads, and specialized security experts. The Contrast Application Security Platform accelerates development cycles, improves efficiencies and cost, and enables rapid scale while protecting applications from known and unknown threats.

Contact:
Contrast Security
Jacklyn Kellick
jacklyn.kellick@contrastsecurity.com

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2021 State of Application Security in Financial Services Report

PR Newswire

Arria NLG partners with Sports Analytics Leader, Boost Sport AI to Empower and Ignite Media, Sports Betting and e-commerce with AI and Data-Driven Natural-Language Content

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No-code platform lets content creators build and deploy highly personalized, authentic sports experiences with limitless scale; partnership combines the data storytelling expertise of leading natural language provider with deep understanding of sport of former Nike executive, NBA analytics director and professional athlete.

MORRISTOWN, N.J. and SEATTLE, May 26, 2021 — Arria NLG, a leading provider of Natural Language Generation (NLG) technology, today announced a strategic alliance with Boost Sport AI to power digital storytelling across sports media, sports betting, and e-commerce.

No-code platform lets content creators build and deploy highly personalized, authentic sports experiences with limitless scale; Arria x Boost partnership combines the data storytelling expertise of leading natural language provider with deep understanding of sport of former Nike executive, NBA analytics director and professional athlete.
No-code platform lets content creators build and deploy highly personalized, authentic sports experiences with limitless scale; Arria x Boost partnership combines the data storytelling expertise of leading natural language provider with deep understanding of sport of former Nike executive, NBA analytics director and professional athlete.

The two companies are launching a no-code AI platform that allows content creators to build and deploy authentic sports stories with extreme personalization and limitless scale.

"When it comes to fan engagement in sport, there’s been a trend away from authenticity that views the fan only as a consumer," said Mustafa Abdul-Hamid, CEO of Boost. "But people want to feel the raw emotion of sport. Whether someone is watching a game, purchasing sneakers, or searching for college basketball lines while placing a bet, we want to provide them with the experience of having their favorite coach or athlete right alongside them. This is how we differentiate ourselves in the market on personalization." 

The AI extracts and writes sports insights and data-driven stories that are relevant and personalized to the end user. Marketing teams can continuously edit and control the voice and vernacular of the AI to ensure brand alignment across different channels while in production. Watch a short demo video here.

"Through unprecedented digital access, fans have become increasingly savvy – and demanding – when it comes to their sport experience," said Tim Mitchell, VP-GTM for the new partnership, and former NIKE executive. "This new platform will allow brands across the sport ecosystem to accelerate their go-to-market performance through the personalization of a one-to-one relationship in the unique voice of every fan."

Corporate marketing teams can select the sport, end user features for personalization, and types of narratives for NCAA March Madness, Premier League bets, or other insights their customers want."

Through its alliance with Boost, Arria NLG further reinforces its position in the sports media and betting ecosystem as well as continues to expand its presence in e-commerce. Arria’s well-deserved reputation as the global NLG leader reflects its relentless focus on instant conversion of multiple data streams into visuals and expertly written narrative analysis, including out-of-the-box solutions.

Jorge Costa, director of analytics at Boost, previously led the R&D group for the Detroit Pistons and also worked for the NBA’s data team. As he explains it, "We put a priority on explaining complex data. For coaches, we connect video to insights, and for fans we use language to help them see the game they love in new ways. What we do best is bridge the gap between PhD statisticians, seasoned scouts, and avid fans."

"Sport is the universal language around the world today, and continues to challenge, inspire and unify us unlike anything else," said Sharon Daniels, CEO of Arria. "Bringing human language to digital sport through this new platform for content creators will make this experience even more dynamic."

About Arria NLG

Arria NLG (www.arria.com) is the global leader in the field of Natural Language Generation (NLG), a form of artificial intelligence, specializing in extracting insights from complex data sources and communicating that information in natural language (i.e. as if written or spoken by a human). The Arria NLG Platform is used across multiple industries and use cases.

About Boost Sport AI

Boost Sport AI (https://boostsport.ai/) is a proprietary technology platform for sport that powers insights and data storytelling. Boost uses computer vision, data analytics, and natural language generation to build personalized, scalable sports applications. The platform is used by coaches and scouts as well as media and sportsbooks.

Media contact for Arria: Lyndsee Manna (lyndsee.manna@arria.com)
Media contact for Boost: Mustafa Abdul-Hamid (mustafa@boostsport.ai)

 

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World’s Largest Electronics Contract Manufacturer selects PureSoftware arttha5G Radio Unit SW Suite to accelerate 5G Product Deployment

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NEW YORK, May 25, 2021 — PureSoftware announced today that the World’s Largest Electronics Contract Manufacturer has chosen its arttha5G Radio Unit (RU) software suite to power its 5G RU products.

This will accelerate the Manufacturer’s 5G New Radio (NR) product availability and keep it ahead of the curve in rolling out 5G NR products. It will also benefit from arttha5G next-gen massive MIMO RU software offering supporting high antenna counts with multi-gigabit high-performance throughput with best-in-class power efficiency.

The increased end-user data coupled with low latency demand is driving high capacity mmWave, and sub 6 GHz Radio Units, with accurate digital beamforming and efficient high capacity transmission. arttha5G software product suite enables customers to roll out 5G networks with great flexibility, high performance, and low power consumption while addressing the size and weight challenges of high order radio configurations like 64T64R.

PureSoftware’s arttha5G product suite and services also address the interoperability challenges of a multi-technology, multi-product complex 5G network. 

"5G deployments are more than speed upgrade of existing networks. It’s an entire experience that will meet the connectivity needs of tomorrow and make it available ‘everywhere’ by enabling billions of connected devices," said Anil Baid, Founder and Chief Strategy Officer at PureSoftware. "It is a privilege to be associated with the World’s largest electronics contract manufacturer and collaborate in building innovative 5G products for a fully connected world using 5G NR technology and O-RAN standards. By leveraging arttha5G product suite, they will be able to roll out RU products with time to market advantage, optimized operational footprint, greater load capacity to support ever-increasing speeds at low latency."

"I am excited with another prestigious addition to our arttha5G customer list. This partnership will bring cutting-edge 5G solutions to the global markets, deliver enhanced connectivity and transform business productivity and growth," said Sameer Jain, Chief Business Officer at PureSoftware.

About PureSoftware and Arttha5G:

PureSoftware is an IP-led product and services organization with a solid history of building innovative products and providing services to hi-tech, fintech, health-tech, retail, and entertainment domains. Its arttha5G product is designed to ready businesses to take advantage of 5G use cases. The highly scalable and flexible product is partitioned to adapt easily to the evolving transmission needs. It offers solutions that meet performance, quality, time to market, rapid customization, and support.

Contact:
Gyaneshwari Tiwari
gyaneshwari.tiwari@puresoftware.com 
+91-8376932369

 

PR Newswire

Interactive Events To Raise Funds for the Fight Against Childhood Cancer

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STOCKHOLM, May 21, 2021 — Cupcake-making, trail-running races, dog training, and a three-hour live meditation are among the events scheduled during the Week of Hope by Bambuser. From 24-30 May, anyone can arrange almost anything to support the fight against childhood cancer. Even before the start, the event has nearly reached its fundraising goal – one million kronor.

Since 1982, The Swedish Childhood Cancer Fund, or Barncancerfonden, has been helping more children survive cancer while bringing affected families the care and support they need. Thanks to generous contributions from in STOCKHOLM dividuals, companies, and organizations, the Childhood Cancer Fund is the single largest funder of childhood cancer research in Sweden.

"Every day, a child in Sweden falls ill with cancer, and today, 85 percent survive. It is our goal to not just increase this survival rate, but help these children get through their illnesses with as few long-term side effects as possible. During the Week of Hope, we are asking the public to join our commitment to raising money for childhood cancer research and supporting our initiatives for these children and their families," says Malin Paulsson, project manager for Week of Hope at the Childhood Cancer Fund.

Week of Hope by Bambuser is a new initiative from the Swedish Childhood Cancer Fund. During the week from 24-30 May, individuals and companies can participate in or create their own activities based entirely on their preferences, interests and prevailing COVID restrictions.

Week of Hope is being conducted in collaboration with Bambuser, and all participation fees will be contributed to the Childhood Cancer Fund to continue the organization’s work. Even before the event’s start, the initiative has nearly reached the fundraising goal of one million kronor.

Among the week’s many activities will be two interactive live shows benefiting the Childhood Cancer Fund’s important work. With the help of Bambuser’s technology, visitors to the Childhood Cancer Fund’s website will be able to follow the live broadcast, interact via likes and live chat, and give a gift – completely frictionless.

"Childhood cancer is, unfortunately, the most common cause of death in children aged 1-14 years. We are honored to support the Swedish Childhood Cancer Fund’s important work and are pleased to see our technology make a significant contribution, helping to spread the message and intensifying the fundraising work," says Maryam Ghahremani, CEO of Bambuser.

In the live shows, viewers and donors will be able to follow a digital lecture on reducing food waste at home with Filip Lundin from Sopköket. In addition, an evening is offered in the candy kitchen together with Sebastien Boudet and Sara Aasum Hultberg. The live shows will be broadcast from Söderhallarna in Stockholm, a long-standing sponsor of the Swedish Childhood Cancer Fund.

About Week of Hope by Bambuser

  • When: May 24-30, 2021.
  • What: A week-long fundraising initiative from the Childhood Cancer Fund in collaboration with Bambuser, during which individuals and companies can arrange and participate in a variety of activities.
  • How: Individuals can choose whether they want to pay SEK 100, 250, or 500 in participation fees, and all fees will go to the Childhood Cancer Fund.
  • Why: Aims to raise one million kronor for the fight against childhood cancer.

Contact information

Sherry Smith, Corporate Communications, Bambuser AB | +46 8 400 160 00 | press@bambuser.com 

Certified Adviser

Erik Penser Bank AB | +46 8 463 83 00 | certifiedadviser@penser.se 

About Bambuser AB

Bambuser is a software company specializing in interactive live video streaming. The Company’s primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.

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

https://news.cision.com/bambuser/r/interactive-events-to-raise-funds-for-the-fight-against-childhood-cancer,c3351622

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Supermicro Introduces a Range of Liquid Cooling Solutions Delivering Superior Efficiency for the Most Demanding Systems in Today’s Top Performing Data Centers

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New Top Performance CPUs and GPUs Are Pushing the Limit of Traditional Air-Cooled Servers; Liquid Cooling Technology, improving Datacenter PUE and TCO – saving Over 40% on Power Costs

SAN JOSE, Calif., May 20, 2021 — Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in enterprise computing, storage, networking, and green computing technology, is making available a range of liquid cooling solutions that reduce costs and allow the most demanding applications to run with less jitter and at faster CPU frequencies. Working with customers, Supermicro will design, implement and test the latest liquid cooling technologies at the rack level, ensuring a quick and seamless installation in customers’ data centers worldwide. Customers who implement a liquid cooling solution can improve datacenter PUE and TCO by over 40% on power costs.


"Supermicro has established dedicated teams to work with customers and partners to deliver state-of-the-art rack level liquid cooling solutions that enable systems that are used for the most demanding applications to remain operational under heavy computationally loads," said Charles Liang, president, and CEO, Supermicro. "Our most popular servers — GPU, SuperBlade, BigTwin, and Ultra systems —   are easily outfitted with liquid cooling technology that reduces OPEX while keeping these systems operating at maximum performance levels."

Popular Systems

These selected Supermicro systems, including the latest GPU Systems, SuperBlades, BigTwin, and Ultra systems, are ideal for data centers with demanding applications. Supermicro experts have identified these servers as the best choice for AI, HPC, and related workloads where high-frequency and densely packed CPUs and GPUs are required.

Types of Cooling Offered

Supermicro has designed effective cooling solutions from small to large scale by carefully evaluating each case of our customer’s specific requirements and limitations, including Direct to Chip (D2C) cooling, Immersion cooling, Rear-door Heat Exchanger (RDHx) cooling, or a combination of these technologies. 

Liquid cooling solutions give IT managers the confidence to run Supermicro servers at sustaining maximum performance levels, increasing the ROI of high-end servers.

A range of liquid cooling technologies can be used, depending on the data centers physical infrastructure. D2C cooling can be installed in each server, or entire systems can be immersed in a liquid for maximum heat removal. Supermicro works very closely with customers to determine the best suitable liquid cooling solution. Engineers will design the solution based on the types of systems chosen and the data center infrastructure. All or part of a data center can utilize liquid cooling technologies, optimizing the operating environment.

To learn more about Supermicro liquid cooling solutions, please visit www.supermicro.com/liquidcooling

About Super Micro Computer, Inc.

Supermicro (SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced Server Building Block Solutions® for Enterprise Data Center, Cloud Computing, Artificial Intelligence, and Edge Computing Systems worldwide. Supermicro is committed to protecting the environment through its "We Keep IT Green®" initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

All other brands, names, and trademarks are the property of their respective owners.


 

 

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PR Newswire

Contrast Security Joins Cloud Native Computing Foundation and Linux Foundation to Drive Security Best Practices Around Cloud Native Architectures and Open Source Software

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Contrast furthers commitment to empower organizations to rapidly build and run scalable applications in modern, dynamic environments with security integrity

LOS ALTOS, Calif., May 19, 2021 — Contrast Security, a leader in modernizing application security, today announced that it has joined the Cloud Native Computing Foundation (CNCF) and Linux Foundation as a silver member, which brings together the world’s top developers, end-users, and vendors to enable cloud native architectures and open source technologies. CNCF serves as the vendor-neutral home for many of the fastest-growing open source projects, including Kubernetes, Prometheus, and Envoy. In becoming a member, Contrast aims to support and educate the industry on the increasing risks and benefits of cloud native architectures and open source software through active participation in the foundation’s events, projects, and community. 

Adoption of third-party open source software (OSS) has increased significantly over the past several years. OSS refers to application components (e.g., frameworks and libraries) within the public domain that developers can use, modify, and share to help augment proprietary code developed in-house and to accelerate time to market. As a result, OSS has gained wide adoption and is used by the vast number of enterprises — embraced by major corporations, including Walmart, JPMorgan Chase, and even Microsoft. At the same time, Contrast continues to empower organizations to leverage OSS safely without the risks they bring: vulnerabilities inherited to enterprises’ software, targeted attacks against open source code, and intellectual property licensing risks. 

Cloud native applications also offer various benefits to organizations over traditional applications running in the cloud. The value of cloud native approaches typically falls into two different areas: greater business agility and faster development cycles. As organizations seek to tap the advantages of cloud native, the adoption of cloud native components is rapidly growing. Forrester, for example, predicts that just a year from now, 30% of developers will regularly use cloud containers and 25% will use serverless computing. These numbers will likely only increase as the marketplace continues to rapidly evolve and enterprises frequently need to make high-impact changes to applications on a very short timeline. However, in order to realize the full benefits of cloud native applications, organizations must ensure they have the right security technology and processes in place.

"We are proud to announce that Contrast has joined as a member of the CNCF and Linux Foundation to help drive industry change," said Surag Patel, Chief Strategy Officer at Contrast Security. "Many of the core foundations of this community to accelerate digital transformation, such as APIs, Kubernetes, serverless functions, Cloud Native architecture, and open source code, bring along with them exponentially increasing risk. Contrast was founded to enable enterprises to leverage all of these modern approaches while eliminating the risk they bring without slowing down digital transformation. We will bring a unique understanding of the market along with a differentiated capability around security observability that we believe will benefit the community." 

Contrast’s CNCF membership follows the recent publication of its 2021 State of Open-source Security Report that revealed that 38% of third-party libraries found in applications are active and only 31% of classes in active libraries are invoked. Traditional software composition analysis (SCA) approaches attempt to analyze all of the open source code contained in applications — which translates into a huge time and resource expenditure chasing vulnerabilities that pose no risk at all. Yet, for third-party code that is invoked, risk is inherent: The average age of a library is 2.6 years old, and applications contain an average of 34 CVEs. 

The report also discovered that many applications contain high-risk licensing issues that may require the applications in question to be released as open source (e.g., 35% contain at least one copyleft license). CNCF members will benefit from these and other types of data insights that are possible as a result of the inside-out application security approach of the Contrast Application Security Platform.

"It is a pleasure to welcome Contrast as a CNCF member," said Priyanka Sharma, General Manager at CNCF. "Cloud native patterns require integrated security practices and a paradigm shift to protect applications closer to dynamic workloads from the traditional perimeter-based security approach. We look forward to Contrast’s contributions and run-time security expertise to help shape the future of cloud native security and secure open source software."

Contrast already supports a variety of CNCF projects including Buildpacks with automated configuration of Contrast’s security instrumentation technology into every workload image. Every workload is paired with application security insights, instilling security confidence at scale in highly distributed environments. As a CNCF member, Contrast will continue to collaborate with peers on best practices, work directly with project maintainers, and provide feedback to CNCF.  

About Contrast Security:

Contrast Security is the leader in modernizing application security, embedding code analysis and attack prevention directly into software. Contrast’s patented deep security instrumentation completely disrupts traditional application security approaches with integrated, comprehensive security observability that delivers highly accurate assessment and continuous protection of an entire application portfolio. This eliminates the need for disruptive scanning, expensive infrastructure workloads, and specialized security experts. The Contrast Application Security Platform accelerates development cycles, improves efficiencies and cost, and enables rapid scale while protecting applications from known and unknown threats.

Contact:
Contrast Security
Jacklyn Kellick
jacklyn.kellick@contrastsecurity.com

PR Newswire

AI Robotics Startup Mech-Mind Completes Series C Funding Led by Tech Giant Meituan

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With total funding of over USD100 million, Mech-Mind is pioneering the next frontier of manufacturing through a combination of artificial intelligence and industrial robotics

BEIJING, May 19, 2021 — Fast-growing Chinese AI industrial robotics startup, Mech-Mind Robotics ("Mech-Mind") has recently completed Series C funding led by tech giant Meituan. This latest investment brings Mech-Mind’s total funding to over USD100 million, making Mech-Mind one of the world’s most funded AI+ industrial robotics startups.

The recent investment was led by Chinese tech giant Meituan, with participation from existing investors including Sequoia Capital China and Source Code Capital.


Focused on Robotics-Infrastructure in the AI era, Mech-Mind develops a full suite of products and solutions integrating 3D camera, 3D vision and deep learning algorithms, and motion planning technology. Moving forward, Mech-Mind will leverage extensive technical strength to modernize manufacturing by breathing new life into industrial robotics.

In addition, Mech-Mind also provides comprehensive service including staff training, deployment planning, marketing support, and collaboration on challenging projects.

Tianlan Shao, Mech-Mind Robotics CEO and Founder,says, "Our products are designed to fundamentally reframe the manufacturing pain points by utilizing the practice of AI and human-robotics interaction. Our products and service already create visible business returns for nearly 1000 clients worldwide".

"Mech-Mind has developed a full infrastructure and product portfolio including 3D cameras, machine vision algorithms and software, and an intelligent robot programming environment," says Shao.

"Our products have been widely deployed, enabling us to acquire profound experience from real-life applications. Moving forward, Mech-Mind will focus on empowering robotics solutions providers and integrators to create more solutions and applications."

According to the International Federation of Robotics, the manufacturing industry remains the largest adopter of industrial robotics globally, with significant investments to adopt modern methods.


Recently, Mech-Mind launched the new generation of Mech-Eye Laser Industrial 3D Camera, which utilizes fast structured light to present high-quality 3D imaging for typical industrial applications under demanding light.

Mech-Eye Laser is suitable for factory or processing facilities with competitive price. This camera offers high level of precision, wide field of view, and easy-to-use programming setting.

With a global team of over 350 employees based in Beijing, Shanghai, Shenzhen, Changsha, Qingdao, Munich, and Tokyo, Mech-Mind is committed to help clients pioneer the next frontier of manufacturing and democratize access for AI-defined robotics to small-, mid- and large-sized businesses alike.

For more information, please visit https://en.mech-mind.net/.

About Mech-Mind Robotics

Mech-Mind was founded in 2016 to put intelligence into industrial robots. Through advanced technologies including deep learning, 3D vision, and motion planning, Mech-Mind offers cost-effective solutions to palletizing and depalletizing, bin picking, order sorting, machine tending and assembly/gluing/locating in logistics and manufacturing.

Mech-Mind’s intelligent industrial robot solutions are used in automotive OEM plants, appliance plants, steel plants, food plants, logistics warehouses, banks, and hospitals in countries such as China, Japan, South Korea, Germany, the U.S.

Media Contact:
info@mech-mind.net

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Kasisto Establishes Itself as the Intelligent Digital Assistant Leader for Banking on the African Continent

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Kasisto makes key organizational hires within the African market as the firm experiences significant growth and selection of KAI by 3 of the top 5 financial institutions within this important region

NEW YORK and JOHANNESBURG, May 18, 2021 — Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, announced today that 3 of the top 5 financial institutions within the African market; Absa, Nedbank and Standard Bank, have now selected KAI and its conversational AI technology to power their Intelligent Digital Assistant experiences.

This important milestone reflects the growing need for digital assistants across the financial services industry and the accelerated adoption of these experiences on the African continent.

In fact, in a recent McKinsey report, Africa emerged as the world’s second fastest banking market, with the banked population in the region expected to swell by more than 150 million people, from nearly 300 million in recent years to 450 million by 2022 – with demand for digital banking surging.

"Our KAI-powered intelligent digital assistant, Abby, has transformed the ways we engage and service our customers. We have experienced significant digital engagement with our clients and we continue to see an increase in usage month over month," said Johan Viljoen, Head of Channel Design – Africa Regional Office. "Kasisto has become a critical partner in our journey to provide our customers the best digital experience within our banking markets."

With nearly 30 million customers collectively, Absa, Nedbank and Standard Bank are setting the gold standard for digital engagement within the South African banking market and the African continent. By choosing Kasisto’s KAI and newly launched solution, Enlighten; the ultimate intelligent digital assistant solution, to power their digital engagement strategies these banking leaders are redefining the banking digital experience in their operating environments, with banks across the region following suit.

To support the growing demand, Kasisto is establishing a corporate presence in South Africa that will be led by Justin Arnoldi, Managing Director, Africa and Middle East. In addition to this key hire, Byron Wolff will also be joining the Kasisto team as Customer Strategy Manager and will be responsible for leading Kasisto’s customer strategy and success in the region.

"The African banking market is transforming the way digital banking is experienced by customers on the continent. Kasisto has emerged as a leading partner for transformation within the top African banks, including financial institutions in the Middle East. This is an exciting time for both financial organizations and Kasisto in the region, and I am honored and excited to lead Kasisto’s African and Middle East operations and continue our success!" said Justin Arnoldi, Managing Director, Kasisto.

"The need for intelligent digital assistants, especially in areas of the world where banking customers have a "digital first" expectation presents a great growth opportunity for Kasisto. Our early success with Absa has now led us to establishing Kasisto as a leader within Africa," says Zor Gorelov, chief executive officer for Kasisto. "We are establishing an organization on the ground to ensure the ongoing success of our current and new customers and to drive expansion across the entire region."

To learn more about Kasisto, visit:

https://www.kasisto.com/

About Kasisto

Kasisto was founded in 2013 with a mission to humanize digital experiences across the financial services industry.  KAI, our industry leading digital experience platform, is chosen by financial institutions across the globe, such as DBS Bank, J.P. Morgan, Emirates NBD, Standard Chartered, TD Bank, and Manulife Bank among others, for its proven out of the box virtual assistants, and track record to drive business results while improving customer experiences. The platform is engaging with millions of banking customers around the world, all the time, across multiple channels, in different languages, and is optimized for performance, scalability, security, and compliance. KAI is built with the deepest Conversational AI portfolio in the industry.

Contact: PR@kasisto.com

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MarTech Startup Affable.ai Raises USD 2M to Boost the Adoption of its Influencer Marketing Platform

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Investors: Prime Venture Partners, Decacorn Capital, SGInnovate

BENGALURU, India and SINGAPORE, May 18, 2021 — Singapore-based Martech startup, Affable.ai has raised USD Two Million from Prime Venture Partners, Decacorn Capital & SGInnovate. Affable’s AI-driven, Self-service SaaS platform helps brands and agencies run high impact influencer marketing campaigns. Affable brings transparency and analytics to influencer marketing and is being used by over 45 top brands and agencies including Huawei, Wipro, Pomelo, Fresh, Omnicom, Dentsu, and We Communications. The company tracks more than Three Million Influencers across Instagram, Facebook, YouTube, and TikTok. With the fresh funding, Affable plans to expand into international markets such as the U.S.

Affable Team Members
Affable Team Members

Affable was founded by Nisarg Shah and Swayam Narain in 2017 as part of the Entrepreneur First cohort. The end-to-end Influencer Marketing Platform allows brands and agencies to streamline their influencer strategies throughout the planning, discovery, activation, and reporting phases. Affable uses advanced machine learning and big data analytics to help brands find influencers, manage and measure campaign performance. With the influencer marketing process being extremely manual, time-consuming and completely based on guesswork, Affable provides brands with data-driven insights and analytics to help streamline their micro-influencer marketing process. 

A global rise in digital consumption continues to propel influencer marketing campaigns among brands across all sectors. Being a mobile-first region along with its youthful demography and growing popularity of social platforms, Southeast Asia has become an ideal ground for influencer marketing to flourish and the market is estimated to reach $2.59 billion by 2024. Globally, the industry is very bullish and is pegged to reach $15 billion by next year. A primary reason for this growth is largely attributed to the large numbers of internet users and majority of them using smartphones. Furthermore, the COVID-19 pandemic has sped up the influencer marketing wave across the world. Cooped up at home, users are spending more time on social networking, gaming, and watching OTT content. The huge amounts of time spent online has prompted brands to work more with social media influencers on platforms such as YouTube, Facebook, and Instagram to connect with their consumers. Subsequently, Micro-influencers/ Micro-celebrities can drive a much higher reach at a much lower cost.

However, with up to 6X ROI on micro-influencer marketing budgets, brands are still struggling to find relevant influencers and measure their effectiveness. Traditionally, the influencer marketing process involves finding influencers, vetting audience quality, tracking & measuring results manually. Affable has not only made this process automated but also intelligent by building proprietary algorithms around its data infrastructure where it uses advanced ML and image processing models for an accurate influencer-brand mapping and measuring campaign ROIs. The platform detects fake followers, discovers follower interests and classifies social media users based on brands, fan pages etc. Affable indexes all the social media users and identifies potential influencers that a brand could work with. Using Affable, marketers can find influencers, manage them campaign-wise, and measure post-campaign analytics such as engagement from in-target audience, influencer success(as a group and individually), measure the overall effectiveness of the campaign, as well as measure clicks and sales.

Including the current funding round, Affable has raised USD 2.8M from Prime Venture Partners, Decacorn Capital, SGInnovate, Entrepreneur First and strategic angel investors. Headquartered in Singapore, the startup has 20 employees working remotely across different geographies.

Supporting Quotes

Nisarg Shah, CEO and Co-founder, Affable.ai

"We see a huge opportunity in working with brands to enable the much needed, data-driven influencer marketing campaigns. The industry-leading brands and agencies we work with reinforce our belief in the need for analytics to streamline the micro-influencer marketing process. Prime brings a depth of experience in scaling global SaaS companies, operational expertise, as well as a strong network that we can leverage during our growth phase and we are very excited to partner with them. At the same time, participation from our existing investors is a great endorsement for us."

Shripati Acharya, Managing Partner, Prime Venture Partners

"Data-driven analytics is the need of the hour in the influencer marketing ecosystem which is a new and upcoming marketing channel and has picked up steam in the last 3-5 years. We believe that Influencer marketing will become a mainstream marketing channel for brands with a significant budget allocation. Affable’s tech differentiation will transform the way brands and agencies interact with micro-influencers and celebrities, ensuring they get maximum RoI from their marketing campaigns. We are excited by the demand and the potential for this service and are delighted to back founders who are extremely passionate and have deep expertise in this field."

Debneel Mukherjee, Managing Partner, Decacorn Capital

"As the lead investor in Affable’s seed round, Decacorn believes that ‘prime-time’ has arrived in the AI driven influencer marketing space to effectively monetize the hyper social behavioral changes in the post millennials. We are glad to have worked closely with the Affable team over these past two years in scaling their business from a product-market fit stage to a rapidly growing 6-digit MRR as on date. In order to help Affable scale beyond Asia into the holy grail of the USA we have ponied up in Affable to the fullest extent."

About Affable

Affable is an end-to-end Influencer Marketing Platform used by leading global brands to find, manage, monitor and measure influencers seamlessly. The platform allows brands to discover, engage and measure social media influencers. Affable is developing Artificial Intelligence algorithms that profiles influencers and their audience across social media channels such as Instagram, YouTube, Twitter, Facebook etc. Affable was founded by Nisarg Shah and Swayam Narain in 2017 as part of the Entrepreneur First cohort. For further information, please visit: https://www.affable.ai/.

 

IMH Estimated Influencer Marketing Growth (YOY)
IMH Estimated Influencer Marketing Growth (YOY)

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