Business Wire, Author at AiThority

Digital Agencies Can Now White-Label Akkio’s Generative BI For Their Clients

Business Wire — Wed, 10 Jan 2024 10:32:09 +0000

Data-driven Digital Agencies and Consultants Can Now Build Branded Generative BI Solutions for Their Teams and Customers, No Code Required

Akkio, the pioneer in generative business intelligence (BI) for digital agencies, launched a new Build-On Package at the Traffic and Conversions Summit in Las Vegas, Nevada to make it even easier for digital agencies to leverage Akkio’s white labeling capabilities. Now agencies can create branded generative BI offerings to differentiate in the market, win new business, and retain more customers as they adopt generative AI.

Generative AI is evolving with breakneck speed into a must-use technology for digital agencies. Industry leading agencies have realized that they can gain a competitive advantage by integrating generative AI into their service offering. Those that are slower to adopt risk losing their book of business to agencies who do. Generative AI solutions that let you analyze and work with data – generative BI – are the next wave of advancement.

Akkio’s Build-On Package lets agencies create fully branded generative BI experiences for their clients – with no lengthy integration project required. Digital agencies can white-label Akkio’s products through a custom URL or a fully embeddable API to unveil new data service offerings to drive revenue, optimize efficiency, and provide added value to clients. Build-On Package users can explore data with natural language via Chat Explore^TM; create branded dashboards, charts, and insights reports via chat; create custom machine learning models, predictions, and forecasts; and drive this all from a REST API.

LA/VIE, one of Akkio’s Build-On Package Partners, has already captured the benefits of integrating Akkio into their paid media strategy service offering:

“One of our larger clients had never hit their return on advertising spend (ROAS) targets before working with us. We had made improvements prior to Akkio, but implementing this AI strategy was the key factor in getting that account to a place of profitability and ultimately, scale.” – Peter Delle, Co-Founder of digital marketing agency LA/VIE, an Akkio Branded Package Partner

The Build-On Package lets an agency:

Create a new Generative BI Service Offering: White-label the Akkio platform to provide a new service for your customers. Let them chat with their data, generate insights, create data visualizations, and view live dashboards – all through natural language chat.
Save Time on Data Analysis: Use Akkio to transform and clean data, discover insights, analyze client results, and create instant customer reports.
Reinforce Client Loyalty With AI Data-Driven Insights: Build predictive analytics applications tailored to your clients’ needs – from lead scoring to forecasting and sentiment analysis. Pre-built connections allow swift deployment to and from your data warehouse and other business platforms. Uncover actionable insights that strengthen bonds and drive satisfaction with your clients.

“AI-driven technologies are evolving and scaling faster than digital marketing companies. The marketing firms that thrive and survive in years to come will be the ones that operationalize the use of these technologies now. We’ve built an AI technology stack on Akkio that allows us to learn from our decades of cumulative campaign management experience and accelerate results.” – Peter Delle, Co-Founder of LA/VIE

Pricing starts at $49 per seat per month, with the Build-On Package add-on available for $999 per organization per month. All organizations start with 1 million rows of connected data and 100,000 predictions per month. Additional data add-ons can be purchased to allow for scale, so your organization only pays for what it needs.

[To share your insights with us, please write to sghosh@martechseries.com]

The post Digital Agencies Can Now White-Label Akkio’s Generative BI For Their Clients appeared first on AiThority.

Onerange Selected to Participate in Global AWS Education Accelerator

Business Wire — Wed, 10 Jan 2024 10:23:23 +0000

OneRange will use Amazon Web Services (AWS) solutions to unite cutting-edge AI/ML technology with best-in-class data to drive more effective and efficient employee learning outcomes

OneRange announced it has been selected to participate in the global AWS Education Accelerator, a 10-week immersive experience for global EdTech startups that want to accelerate their go-to-market activities in the United States for the PK-12, higher education, and workforce education markets.

OneRange is one of 15 EdTech startups selected to participate in the technical, business, and mentorship program, which is designed for startups seeking to use cloud technology to improve data driven education. This opportunity will support OneRange’s efforts to enhance the efficiency and effectiveness of employee learning outcomes.

Participating startups receive a package of benefits, including up to $100,000 in AWS computing credits. They’ll also receive individualized business and technical mentorship which will cover topics such as funding, scaling, go-to-market support, AWS technical fundamentals, AI/ML adoption, and much more. At the end of the 10 weeks, the cohort will participate in a virtual pitch event in collaboration with OMNIA Partners, an experienced cooperative purchasing organization dedicated to public sector procurement.

OneRange’s innovative open marketplace model ensures companies only pay for the content their workforce needs. Collaborating with AWS, OneRange aims to advance its platform’s intelligence by automating skills tagging, enhancing the AI-powered content recommendation engine, and creating personalized career pathways for users.

“We believe the best way to solve the skills gap in the workforce is through an intelligent, open-ecosystem of learning providers that not only has the ability to categorize global resources—such as courses, conferences, books, and more—but also leverages technology to make those resources more relevant to what people need, when they need it,” said Houtan Fanisalek, OneRange Co-Founder & CTO. “Collaborating with AWS provides us access to cutting edge technology, including the most advanced AI/ML tools, so we can better leverage this data to benefit companies, their employees, and learning content providers alike.”

[To share your insights with us, please write to sghosh@martechseries.com]

The post Onerange Selected to Participate in Global AWS Education Accelerator appeared first on AiThority.

SiLC Technologies Unveils the Eyeonic Vision System Mini: A Leap in Precision LiDAR Technology

Business Wire — Wed, 10 Jan 2024 09:58:51 +0000

New AI Machine Vision System Offers Unmatched Sub-Millimeter Resolution in a Significantly Reduced Size

SiLC Technologies, Inc. (SiLC), the leading developer of integrated single-chip FMCW LiDAR solutions, announced the launch of the Eyeonic™ Vision System Mini (Eyeonic Mini), a groundbreaking advancement in LiDAR technology. This innovative system, integrating a full multi-channel FMCW LiDAR on a single silicon photonics chip and an integrated FMCW LiDAR System-on-Chip (SoC), sets a new industry benchmark in precision.

Utilizing the industry’s first purpose-built digital LiDAR processor SoC, the iND83301 (“Surya”) developed by indie Semiconductor, the Eyeonic Mini achieves an unprecedented level of detail, delivering an order of magnitude greater precision than existing technologies while being one-third the size of last year’s pioneering model. This latest innovation builds upon the success of SiLC’s first commercial FMCW LiDAR system, the Eyeonic Vision System, founded on an integrated silicon photonics chip and designed specifically for machine vision applications.

SiLC’s Eyeonic Vision Chip, central to the system, amalgamates all essential photonics functions into a coherent vision sensor, delivering a compact solution that meets the demands for performance, affordability and low-power consumption. The system’s exceptional accuracy is driven by a 4-channel FMCW LiDAR chip, complemented by indie’s innovative Surya SoC, and equips robots with sub-millimeter depth precision from distances exceeding 10 meters.

This level of precision opens new doors in automation, particularly in warehouse logistics and AI machine vision applications. For instance, AI-driven palletizing robots equipped with the Eyeonic Mini can fully view and interact with pallets, optimizing package placement and loading onto trucks with efficiency and safety. In the context of the U.S., with its over 13 million commercial trucks, this technology promises to revolutionize warehouse operations and the broader trucking industry, significantly boosting efficiency in loading and unloading processes.

Giving robots the intelligence to see, move, touch, think and learn, Dexterity is working on incorporating SiLC technology into their robot autonomy platform. “At Dexterity, we focus on AI, machine learning and robotic intelligence to make warehouses more productive, efficient and safe,” remarked CEO Samir Menon. “We are excited to partner with SiLC to unlock LiDAR for the robotics and logistics markets. Their technology is a revolution in depth sensing and will enable easier and faster adoption of warehouse automation and robotic truck load and unload.”

“Our FMCW LiDAR platform aims to enable a highly versatile and scalable platform to address the needs of many applications,” added Dr. Mehdi Asghari, CEO of SiLC Technologies. “At CES this year, we’re demonstrating our long-range vision capabilities of over two kilometers. With the Eyeonic Mini we’re showcasing our high precision at shorter distances. Our FMCW LiDAR solutions, at short or long distances, bring superior vision to machines to truly enable the next generation of AI-based automation.”

“The Eyeonic Mini represents the next evolution of our close collaboration with SiLC. The combination of our two unique technologies has created an industry-leading solution in performance, size, cost, and power,” said Chet Babla, SVP Strategic Marketing at indie Semiconductor. “This creates a strong foundation for our partnership to grow and address multiple markets, including industrial automation and automotive.”

For machines to be capable of truly augmenting our lives, their vision solution must be powerful, compact, scalable, and unaffected by complex, unpredictable environments and conditions, including interference from other systems. It must provide motion, velocity, polarization, and precision – prerequisites which exclude existing, time-of-flight-based solutions and instead point to FMCW as the needed platform. FMCW technology enables a new generation of imaging solutions that can directly capture images for AI machine vision, factory robots, home security, autonomous vehicles, and perimeter security applications.

[To share your insights with us, please write to sghosh@martechseries.com]

The post SiLC Technologies Unveils the Eyeonic Vision System Mini: A Leap in Precision LiDAR Technology appeared first on AiThority.

TruLite Health Announces Collaboration With Mayo Clinic to Address Clinical Bias & Improve Health Equity

Business Wire — Wed, 10 Jan 2024 09:58:38 +0000

Optimizing software to deliver equitable healthcare at scale

TruLite Health, developer of the only health equity solution to remediate clinical bias, announced a know-how agreement with Mayo Clinic to address disparities in medical outcomes and costs.

TruLite’s innovative software, Truity™, tackles persistent issues of clinical bias that adversely affect patient outcomes in diverse populations. The platform addresses this challenge by driving patient-specific clinical, social and behavioral interventions, leading to improved healthcare outcomes and costs as part of an organization’s health equity strategy. Alongside their deployment in clinical practice, Mayo Clinic’s physicians will provide feedback on user experience enhancements, workflow and platform improvements.

“This collaboration with Mayo Clinic represents a significant step forward in health equity capabilities to address this critical unmet need in the market,” said Alan Roga, M.D., Founder and CEO of TruLite, an American Hospital Association (AHA) Health Equity Transformation Partner.

Clinical bias in healthcare has far-reaching consequences, significantly impacting patient outcomes and costing the United States healthcare system $320 billion annually. Moreover, a TruLite actuarial study found individuals with one of seven chronic illnesses who are Black or Latinx cost approximately $5,300 more annually for the same disease compared to the White population.

Leveraging the largest health equity knowledge base, TruLite’s software directly integrates into an electronic health record (EHR), and in the workflow provides patient-specific actions and interventions for clinicians, care teams and patients. This integration empowers providers to improve equity at the point of care and aligns with regulatory drivers, including the Joint Commission, Centers for Medicare and Medicaid and Food and Drug Administration. Additionally, TruLite offers virtual health equity coaching with a focus on patient advocacy and through their partnership with the Morehouse School of Medicine.

The collaboration with Mayo Clinic comes on the heels of TruLite’s participation in the 2023 Mayo Clinic and Arizona State University Alliance for Health Care MedTech Accelerator Program, where the company was selected as one of nine international startups. This flagship initiative provides early-stage medical device and Healthtech companies with resources and mentorship to accelerate growth.

Mayo Clinic has a financial interest in the technology referenced in this press release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education and research.

[To share your insights with us, please write to sghosh@martechseries.com]

The post TruLite Health Announces Collaboration With Mayo Clinic to Address Clinical Bias & Improve Health Equity appeared first on AiThority.

Hyperfine Launches AI-Powered Brain Imaging Software for Enhanced Quality

Business Wire — Wed, 10 Jan 2024 08:21:43 +0000

The latest software, the eighth generation of Swoop® system software, has obtained CE and UKCA approval

Hyperfine, Inc. the groundbreaking medical device company that has redefined brain imaging with the world’s first FDA-cleared portable magnetic resonance brain imaging system—the Swoop® system— announced the launch of the AI-powered eighth generation of Swoop® system software. The software’s diffusion-weighted imaging (DWI) AI denoising feature received U.S. Food and Drug Administration (FDA) clearance in October 2023, and it has been rolled out at select sites over the past several weeks through a limited market release. The latest software improves Swoop® system image quality and introduces valuable ease-of-use features, including a real-time aid for more precise patient loading and positioning and a streamlined image upload process.

With CE and UKCA certifications for this latest software, Hyperfine, Inc. is well positioned for future international expansion, bringing the Swoop® system to a broader global market.

“Our latest AI-powered software, the eighth generation of our proprietary software platform, embodies our commitment to supporting clinicians in critical decision-making,” remarked Tom Teisseyre PhD, Chief Operating Officer of Hyperfine, Inc. “Our focus on image quality with this latest software has been on the DWI sequence, which is key in stroke imaging. Since its first FDA clearance in 2020, we’ve been dedicated to continually enhancing image quality and workflow efficiencies to define best-in-class, user-centric, ultra-low field MR brain imaging.”

Recommended AI News: GTT Elevates Its Global IT Operations With AIOps From Selector

Over 50 exams were performed in hospitals taking part in the limited market release phase, and users commented favorably on DWI image quality. Participating sites confirmed that the new streamlined upload feature materially shortened upload completion times, and the fast-positioning check was a time-saving aid and helped improve image acquisition.

“The software update on the Swoop® system has been most beneficial to our workflow. We are now able to view each series as it is being performed and can communicate with the technologist whether additional series are needed. Additionally, we can communicate with clinicians any critical findings in real-time without having to wait for the whole study to be completed,” says Jennifer Villa Frabizzio MD, neuroradiologist, Radiology Group of Abington.

Hyperfine, Inc. will roll out software updates for the Swoop® system to users in the coming weeks.

[To share your insights with us, please write to sghosh@martechseries.com]

The post Hyperfine Launches AI-Powered Brain Imaging Software for Enhanced Quality appeared first on AiThority.

Fujitsu Frontech North America Inc. Unveils Friction Positive Campaign, Transforming Retail With A.I.

Business Wire — Wed, 10 Jan 2024 08:16:37 +0000

Fujitsu’s A.I. for retail harnesses the concept of positive friction to optimize processes, foster engagement, and improve overall satisfaction at three levels: the customer experience, attendant engagement, and the enterprise view.

Fujitsu Frontech North America Inc., a leader in innovative retail self-checkout hardware and software solutions, announced its ground-breaking “Friction Positive” campaign, signaling a paradigm shift in the landscape of A.I. for checkout technology with a focus on loss prevention and promoting checkout efficiency in the retail sector.

This transformative initiative champions the idea that not all friction at checkout is detrimental; in fact, when strategically integrated, friction becomes a catalyst for positive change. At the forefront of this movement is Fujitsu’s commitment to leveraging A.I. technology to enhance the retail experience across enterprise operations and down to the customer experience, allowing retailers to manage the delicate balance between efficiency, improved security, and meaningful interactions.

Enhanced Experience:

We believe that positive friction enhances rather than hinders the self-checkout process. Utilizing advanced A.I. technology, Friction Positive appropriately applies friction during the self-service process and guides shoppers through a uniquely tailored customer journey, enriching the customer experience while offering an optimized level of assistance to speed shoppers’ engagement. By ensuring that the fusion of technology and human touch elevates the in-store experience, Friction Positive makes every visit as efficient as possible under the pressures of what could be a complex set of transactional hurdles.

Integrated Assistance:

Fujitsu’s commitment to Friction Positive extends to integrated assistance, where A.I. seamlessly collaborates with in-store attendants to target what feels like a less invasive level of support during unavoidable interventions. This dynamic synergy between technology-driven capabilities and human expertise ensures that every customer feels heard, valued, and assisted in their unique shopping requirements. And, we have not forgotten the needs of the self-checkout attendant – we’ve integrated techniques and tools that will make their difficult customer-facing tasks incrementally easier in support of the customer while protecting the bottom line of the retailer they represent.

Retail IQ:

Another integral component of Fujitsu’s Friction Positive campaign is Retail IQ, which emphasizes strategic insights and assisted support made possible by A.I. technology matched with our nearly 30 years of self-checkout experience. Unveiling usage patterns and engagement data empowers executives to make informed decisions that not only enhance their bottom line, but also elevate operational processes and drive overall business and operations strategy.

Multi-phase Approach

Friction Positive features a strategic multi-phased approach for leveraging A.I. for retail technology. Phase One, which is available for retailers to integrate into both new and existing deployments now, delivers on all three pillars of the Friction Positive campaign by enabling features including: advanced customer enablement through self-correction of common issues/interventions, the ability to auto-delay certain interventions based on activity levels, attendant guidance based on priority ranking of transaction interventions, and more. With an emphasis on enhanced security supported by our consultancy, this initial phase pioneers a new era in loss prevention by seamlessly integrating features that act as a protective shield, safeguarding against theft while ensuring a positive shopping environment for both employees and customers.

Additional phases will introduce innovative new solutions and features focused on further enhancing customer experiences and retail capabilities, including: integration of our U-SCAN VersaMount with A.I. technology to support scan avoidance and ticket switching detection, a new feature for pre-alerting when potential high-theft/time-consuming conditions occur, flexible tiered security controls to give retailers options that meet their needs, and the capability to automatically halt or terminate a transaction when fraudulent activity persists.

Recommended AI News: GTT Elevates Its Global IT Operations With AIOps From Selector

“At Fujitsu Frontech North America Inc., we are proud to redefine the narrative surrounding self-service technology. The Friction Positive campaign embodies our commitment to connecting people and technology, creating a shopping environment where positive friction becomes the driving force for unparalleled customer satisfaction and retail success,” said Shuhei Oyake, President and CEO at Fujitsu Frontech North America Inc.

[To share your insights with us, please write to sghosh@martechseries.com]

The post Fujitsu Frontech North America Inc. Unveils Friction Positive Campaign, Transforming Retail With A.I. appeared first on AiThority.

Global Innovators Partner with Axelera AI, Leverage Metis Platform for Enhanced Edge AI CapabilitiesInsights

Business Wire — Wed, 10 Jan 2024 08:14:46 +0000

Company Unveils Industry-Leading YOLO Performance for Edge AI Video Analytics at CES 2024

Axelera AI, provider of the world’s most powerful and advanced solutions for AI at the Edge, announced significant technology advancement and customer adoption. Following the unveiling of the company’s Early Access Program and first product shipment, Axelera AI customers can soon use state-of-the-art AI inference processing with YOLO (“You Only Look Once”) Neural Networks for Edge AI Computer Vision applications, with unmatched performance, opening up unprecedented opportunities for Edge deployment with the industry-defining Metis™ AI Platform. The solution was recently named a CES 2024 Innovation Awards Honoree and is being showcased this week at CES 2024 in Las Vegas, Nevada.

The acceleration of AI technologies has brought with it the opportunity for innovation across a range of vertical markets. The Metis AI Platform provides customers with advanced Edge AI-native hardware and software solutions for companies of all sizes across a multitude of industries. Early Access Program customers System Electronics/Coesia Group, XXII, Relay2 among others are currently utilizing the Metis AI platform within their cutting-edge products to differentiate the unique offerings they bring to their respective industries.

“The exceptional performance and accuracy of the Axelera AI Acceleration platform have significantly fueled our collaborative efforts. Its unmatched performance-to-price ratio, surpassing traditional GPUs and dedicated AI Processing units, has been critical in our selection process. We are confident that leveraging their state-of-the-art YOLO performances will empower us to tackle new challenges in our current and future video analysis applications,” said Alexandre Perez, R&D Director at XXII.

“Better performance and accuracy at a similar price point compared to alternative AI accelerators in the market brought us to select Axelera AI as our partner in the Edge AI space. Our group is committed to providing cutting-edge solutions to our customers in the industrial automation space. Our partnership with Axelera AI not only ensures that we meet customers’ current needs but also helps future-proof their deployment at the Edge by providing a best-in-class solution,” added Andrea Gozzi, General Manager of System Electronics/Coesia Group.

“Relay2’s Wi-Fi enabled Edge Computing solution with embedded Axelera Metis AIPU allows our surveillance solution customers to take full advantage of edge computing,” said Eric Chen, CEO of Relay2, Inc. “With Axelera Metis AIPU’s low power consumption and high inference accuracy, Relay2’s Service Point is able to process the surveillance videos onsite and generate instant analytics. This integrated solution facilitates immediate responses to onsite incidents, and reduces CAPEX and OPEX for our retail and industrial customers.”

The Metis AI Platform combined with the YOLOv5s network offers a full multi-channel video analytics pipeline with high-accuracy object detection, running at 480 frames per second (16 Full HD resolution streams at 30 FPS). The demonstration at CES showcases the Metis AI platform’s pre-release, which has been in the hands of select Axelera AI customers through an Early Access Program since last September and is now available for evaluation. The full production-ready platform will be available in mid-2024 and has a projected performance up to 800 frames per second. Axelera AI matches 99% of the original model’s precision, indistinguishable from GPU-based inference models, while offering 4-5 times the energy efficiency and cost savings, opening up unprecedented opportunities for Edge deployment. The Metis PCIe and M.2 Edge AI accelerator cards are sampling now.

Recommended AI News: GTT Elevates Its Global IT Operations With AIOps From Selector

“Integrating YOLO into our Metis AI Platform marks a significant milestone in Edge AI inference,” said Fabrizio Del Maffeo, CEO and Co-Founder of Axelera AI. “As more and more customers harness the advantages of AI, computer vision models like YOLO and the Metis AI Platform enable applications previously constrained by computational power. Our platform’s enhanced capabilities demonstrate our commitment to providing the best performance and usability, at a fraction of the price and power consumption of other solutions available today. Axelera AI is committed to not only making current solution designs ready for the future, but also to looking ahead and getting ready for the next wave of technological innovations.”

[To share your insights with us, please write to sghosh@martechseries.com]

The post Global Innovators Partner with Axelera AI, Leverage Metis Platform for Enhanced Edge AI CapabilitiesInsights appeared first on AiThority.

Nylas and AE Studio Speed Up Development With Large Language Models

Business Wire — Tue, 09 Jan 2024 20:25:40 +0000

New partnership allows businesses to build faster across various coding languages while also exploring large datasets and the possibilities of generative AI within their tech stack

Nylas, the state-of-the-art communications platform giving developers universal access to email, calendar, and contacts providers through a single API integration, has announced a strategic partnership with AE Studio, whose development, design, and data science teams work closely with founders and executives to create custom software and AI solutions. Under the terms of the partnership, organizations will be able to leverage both Nylas’ best-in-class communications APIs alongside AE Studio’s top-tier development resources to accelerate development cycles and time-to-market. Additionally, companies will have access to resources and technology aimed at building workflows and products rich with intelligence and automation.

Finding top developer talent remains immensely important yet incredibly challenging. In a recent survey from Reveal, more than a third of respondents cited hiring and retaining skilled developers as their most difficult job to fill. The combination of Nylas and AE Studio will help businesses and their development teams build and maintain complex email and scheduling integrations, and leverage this rich data for AI applications, without needing to reallocate additional internal developer resources. Through Nylas and AE Studio, development teams can:

Add additional development resources combined with easy-to-use APIs to prioritize developer speed without compromising on efficiency or quality.
Leverage SDKs across major coding languages to speed up integration processes and reduce the effort and code required, such as AE Studio’s recent use of Nylas to reduce delivery by 3 weeks with entertainment project management client Filmik.
Begin exploring generative AI use cases such as workflow automation and LLM training with secure access to large email datasets.

“The importance and value placed on developer experience and the ability to infuse AI into product roadmaps and workflows are mission-critical tasks that companies of all sizes and industries are faced with,” said Jesse Ervin, Chief Revenue Officer at Nylas. “Our strategic partnership with AE Studio allows companies to prioritize both without needing to significantly increase developer workloads, coding efforts, or shift resources away from existing product roadmaps.”

Additionally, developers want to see their organizations invest more heavily in AI and workflow automation tools. In their 2023 State of Developer Experience report, Nylas found that two out of three developers want to harness AI and automation to create better user experiences.

“The currency for building AI with impact is data. Nylas makes data integrations easy while AE Studio’s team of top-tier developers and Ph.D. data scientists turn data into software that drives lasting ROI,” said Jevan Fox, Chief Revenue Officer at AE Studio. “Nylas is a core partner for our client work as they help us to drive efficiency and speed at scale.”

The partnership comes on the heels of Nylas being named to the Deloitte Technology Fast 500™ for the second consecutive year and being recognized as a Gartner^® Cool Vendor in Composable Customer Engagement Platforms, while AE Studio was recently named a Clutch Top Artificial Intelligence Company for the year.

[To share your insights with us, please write to sghosh@martechseries.com]

The post Nylas and AE Studio Speed Up Development With Large Language Models appeared first on AiThority.

Qrypt Joins NVIDIA Inception

Business Wire — Tue, 09 Jan 2024 20:25:04 +0000

Company aims to protect valuable data assets with quantum-secure encryption

Qrypt, the pioneering quantum-secure encryption company, announced its acceptance into NVIDIA Inception, a program that nurtures startups revolutionizing industries with technological advancements. By utilizing quantum-secure encryption technology, Qrypt is committed to ensuring the integrity and confidentiality of data as it moves across increasingly complex AI-driven environments.

With the rise of generative AI and large language models (LLMs), the need to secure increasingly valuable data in-transit has become paramount, especially as these technologies rely on multiple data repositories. This urgency is heightened by the looming quantum threat, notably the “harvest now, decrypt later” (HNDL) risk, where adversaries store encrypted data today to decrypt it in the future with more advanced quantum computers. Joining NVIDIA Inception will help Qrypt fortify data security against both immediate and future threats, with quantum-secure encryption technology to safeguard data from HNDL vulnerabilities.

“Quantum computing will eventually break all the classical encryption technologies used in data transport, and potentially most of the post-quantum cryptography algorithms under review for standardization, putting every data asset at risk of being compromised,” said Denis Mandich, chief technology officer and co-founder, Qrypt. “Qrypt’s quantum entropy sources generate perfect keys simultaneously at multiple endpoints to enable end-to-end encryption without key distribution, eliminating the risk of HNDL. By leveraging the benefits provided through NVIDIA Inception, we can secure the AI industry and its valuable data assets against the quantum threat today.”

NVIDIA Inception helps startups during critical stages of product development, prototyping and deployment. Every Inception member gets a custom set of ongoing benefits, such as NVIDIA Deep Learning Institute credits, preferred pricing on NVIDIA hardware and software, and technological assistance, which provides startups with the fundamental tools to help them grow. By leveraging the resources made available through the program, Qrypt will also support its fast-paced growth and product innovation to become a critical security partner for the AI industry.

[To share your insights with us, please write to sghosh@martechseries.com]

The post Qrypt Joins NVIDIA Inception appeared first on AiThority.

AppDirect’s Capital Program Fortified With $100 Million Investment from CDPQ

Business Wire — Tue, 09 Jan 2024 20:04:09 +0000

Funding provides flexible capital for technology advisors to transform and scale their business while maintaining 100% ownership

AppDirect, the leading B2B subscription commerce platform in North America, announced it has secured USD 100 million [approximately CAD 136 million]¹ in funding from global investment group CDPQ. This new investment will support innovative financing options for technology advisors through the AppDirect Capital Invest program, allowing them to access flexible capital to transform and scale their business. Building upon the initial USD 80 million financing from CDPQ in 2021, this new investment increases the total program funding to USD 180 million.

In dynamic channel market, every technology advisor faces the decision to stay the course, seek capital to invest back into their business or consider whether the time is right to be acquired or acquire. The AppDirect Capital Invest program supports these endeavors by combining upfront, non-restrictive capital with the power of the AppDirect Marketplace, allowing technology advisors to use the capital to scale, innovate, retain top talent, or make outside investments while maintaining 100% ownership of their business. This new funding from CDPQ enables AppDirect to work with technology advisors on flexible capital solutions to meet their unique business needs.

“AppDirect is committed to providing our technology advisors with an unfair advantage. Our Invest program is purpose-built to empower our technology advisors,” said Emanuel Bertolin, Chief Revenue Officer at AppDirect. “To keep up with ever-changing market, technology merchants need fast access to capital to accelerate their growth. With AppDirect Capital, technology advisors can take advantage of innovative capital options to expand their business or invest in the future, which makes increasing access to this program all the more essential.”

“Since our initial financing in 2021, AppDirect has demonstrated their ability to accelerate the connectivity and competitiveness of today’s businesses,” said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. “As part of our partnership, this repeat investment continues to facilitate the delivery of critical solutions for the digital economy, while generating stable returns for our clients.”

“AppDirect is dedicated to fueling innovation and growth for our advisor community,” said Nicolas Desmarais, Chairman and CEO at AppDirect. “CDPQ and AppDirect have an established track record of working together, and this new investment further solidifies both companies’ commitment to the growth and transformation of AppDirect channel partners and technology advisors.”

With this investment, AppDirect expects to continue bringing value to its technology advisors, like NXTSYS. “For the last five years, we’ve grown consistently between 22% to 30% year over year. Since we partnered with AppDirect Capital Invest, we jumped 50% in a single year in profit. Think about that: not 50% in revenue, but 50% in profit. Those kinds of numbers are phenomenal,” said David Wallace, Co-founder and President of NXTSYS. “With AppDirect as a partner, we knew we’d have the ability to drive growth. And once we learned that we’d maintain complete control of our business, it was a clear path forward for us.”

[To share your insights with us, please write to sghosh@martechseries.com]

The post AppDirect’s Capital Program Fortified With $100 Million Investment from CDPQ appeared first on AiThority.