Press Releases

Philips, Vesalius Biocapital III, Health Innovations invest in DEARhealth, AI health tech start-up

AMSTERDAM, July 18, 2019 /PRNewswire/ — DEARhealth, a health tech spin-out from the University of California, Los Angeles (UCLA), today announced a first closing of its Series A round with Philips Health Technology Ventures, Vesalius Biocapital III and Health Innovations. DEARhealth offers Artificial Intelligence (AI)-powered health pathways for chronic care. With the €6.0 ($6.8) million investment DEARhealth will scale implementation of its health technology offering to more hospitals, thus significantly enhancing Value Based Health Care. DEARhealth will also expand operations to Europe, opening their European headquarters in Amsterdam, The Netherlands.

AI-powered healthcare pathways for personalized continuous care

In 2012, Daniel Hommes, a Dutch born MD PhD, worked at UCLA when he started DEARhealth as a research project. The goal was to test if data-driven care planning for people with chronic diseases could have better outcomes, improved experiences for patients and providers, with lower cost (Quadruple Aim objective). Hommes, now Chief Executive Officer at DEARhealth: “In the first prototypes for Inflammatory Bowel Disease (IBD), we demonstrated that the disease relapse rate as well as ED visits and hospitalizations were significantly decreased. This also had a huge impact on projected costs.”

The DEARhealth approach has since then expanded to other chronic conditions, including pain management, liver diseases, ovarian cancer, chronic kidney diseases, low back pain and many more are in the pipeline. Biopharmaceutical company UCB and DEARhealth recently announced collaboration to improve chronic care delivery for people living with epilepsy.

Chronic patients often visit their doctor and hospital for checkups and care. The DEARhealth platforms creates personalized care pathways, precisely tailored to the patient’s situation. Based on the care pathway doctors, nurses and other professionals can together provide the best possible care.

Combining medical knowledge and patient data, the DEARhealth platform predicts the best care pathway with the lowest risks. With the prediction doctors can easily adjust the care pathway to navigate away from risk, when the patient’s condition changes or following unexpected test outcomes.

Strategic investment to expand validation
The current goal of DEARhealth is to validate the successful UCLA-based approach and platform with other healthcare providers in the US and Europe. In 2019, DEARhealth will be deployed in seven European hospitals (four hospitals in The Netherlands) and with multiple hospitals and pharmaceutical companies in the US.

This Series A investment allows for validation of the platform in multiple care settings across various chronic conditions. Hommes: “We couldn’t be more excited to partner with Philips, Vesalius Biocapital III and Health Innovations at a time where care is transforming so rapidly. DEARhealth is collaborating with companies like Philips to share disease-specific knowledge and expertise in order to maximize value for patients and providers.”

Rich Wilmot, Head of Philips Health Technology Ventures: “We view DEARhealth as an ideal fit within our venture strategy, where we aim to partner with and invest in promising digital health companies complementary to Philips strategic initiatives. DEARhealth’s strong potential to accelerate transformation in chronic care towards better outcomes and experiences for patients aligns perfectly, and we look forward to working together to transform care delivery and help the company reach its full potential.”

Philips Health Technology Ventures manages a business-agnostic digital health fund investing capital in future partners to help drive Philips’ digital transformation and jointly achieve the Quadruple Aim in healthcare.

Marc Lohrmann, Managing Partner of Vesalius Biocapital III, added: “With this investment we support the DEARhealth team to accelerate the validation of the revolutionizing AI-powered Care Pathways, to deliver the cost reduction, to reduce the clinician’s administrative burden and to improve patient outcomes.”

Dick Sietses, partner of Health Innovations, added: “DEARhealth clearly fits our strategy to introduce value based healthcare in a way that fits the healthcare system, and helps healthcare professionals, while it’s easy to use and makes healthcare better and more affordable at the same time.”

Lara Koole (Philips), Marc Lohrmann (Vesalius Biocapital III) and Dick Sietses (Health Innovations) will join the Board of Directors of DEARhealth.

Patient-centric pathways for chronic care
DEARhealth provides patient-centric, data-driven and AI-powered care pathways, orchestrating the work of everyone involved in providing care. Using a proven approach and the DEARhealth platform, healthcare professionals create care pathway models for their hospital and healthcare system. Each model bundles the experience of medical specialists and nurses, holistic patient data, medical knowledge, cost controls and outcome measures.

Based on the model, the software optimizes daily care delivery by continuously presenting recommendations derived from advanced expert algorithms and deep learning outcomes. Providers can accept or decline those recommendations so that over time, through machine-learning, providers’ choices will become optimally aligned with Quadruple Aim outcomes.

Both patient-reported outcomes and data derived from medical devices will help augment the learnings. Via mobile apps, patients are engaged to actively participate in their care pathway and its additional supervised modules for adherence, mental support, nutritional support, wellness and education.

Hommes: “Hospitals will become software-powered organizations. DEAR is ready to support that transformation for chronic care.”

The DEARhealth platform seamlessly integrates its intelligent healthcare pathways to existing Electronic Medical Record systems (EMR). Providers are engaged through an EMR-integrated application layer in which they are invited to manage their patients and efficiently shift tasks between specialist, primary care physician, care coordinator or case-manager.

Transform chronic care
DEARhealth aims to improve patient health outcomes and experiences in chronic care while reducing costs. Aria Zand, MD and Chief Product Officer at DEARhealth: “We want to enable our value-based healthcare tools, developed by physicians with decades of experience, to contribute significantly in complex healthcare systems. Decades of patient dossier digitization and process automation has brought only marginal benefits in outcomes and patient experience, with still staggering costs. We want to change that.”

About DEARhealth
DEARhealth transforms chronic care towards a quadruple aim: improve patient experience, measurable health outcomes, provider well-being and cost control. The DEARhealth platform and modelling approach enable patient-centric, Artificial Intelligence (AI)-powered health pathways for chronic care.

DEARhealth is a health-AI spin-out from the University of California, Los Angeles (UCLA) and has headquarters in Los Angeles and Amsterdam. For more information please visit www.dearhealth.com.

About Vesalius Biocapital III
Vesalius Biocapital III is a specialist life sciences venture capital fund and is in line with predecessor funds Vesalius Biocapital I and Vesalius Biocapital II, which have supported life sciences companies since 2007. Vesalius Biocapital I and II raised over EUR 150 million and contributed in the development of over 20 companies.

The investment portfolio is well balanced between drug development, medical device & diagnostics and digital health investments and committed to providing capital to science-backed innovation and ambitious entrepreneurs, with a strong focus on exit within five years.

The specialist team consists of seasoned life science professionals with healthcare industry, corporate finance and strategy consulting experience, supporting companies through their growth cycle. The team is based in Europe and explores investment opportunities and valuation potential for the portfolio.

Vesalius Biocapital III, launched in April 2017, announced a final close with EUR 120 million in commitments. The fund targets later-stage European life science companies in drug development, medtech, diagnostics and digital health. For more information please visit https://www.vesaliusbiocapital-3.com

About Health Innovations
Health Innovations invests in young companies that make healthcare better and more affordable, focusing on innovative care concepts, eHealth, medical technology, Digital Health and Health Services. Health Innovations invests in Seed and Growth stage companies. Health Innovations is based in The Netherlands. Investors in the funds include KPN Ventures, Menzis, Monuta, OostNL, ABN AMRO, Achmea, VGZ, Mediq and the Netherlands ministries of Healthcare and Economic Affairs. For more information please visit www.healthinnovations.nl.

 

DEARhealth logo

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SOURCE DEARhealth, Inc

SecurCapital Acquires Breakout Capital Finance’s Lending Business

MCLEAN, Va., July 18, 2019 /PRNewswire/ — SecurCapital Corp, an expanding supply chain and financial services provider headquartered in California, today announced the acquisition of the lending business of Breakout Capital Finance, a leading fintech company and nationwide small business lender. SecurCapital is also providing additional equity capital to drive growth in Breakout Capital Finance’s two primary lending products: its highly regarded and innovative term-loan product and its FactorAdvantage® lending solution for small businesses that utilize factoring to finance their business. The acquired lending business assets will be operated by a subsidiary of SecurCapital that will conduct business as Breakout Capital.

Steve Russell, CEO of SecurCapital commented, “We’re delighted to have found a highly respected team and innovative business model in the small business finance space. I share the founder’s vision of the massive potential of the FactorAdvantage lending solution and believe we now have the platform and capital to rapidly grow this industry-changing product. We couldn’t have found a better business to complement SecurCapital’s strategic vision for empowering small businesses.” SecurCapital, through a series of strategic acquisitions, provides supply chain and financial services to small businesses primarily in the logistics industry, including veteran-and minority owned businesses.

Breakout Capital Finance’s Founder, Carl Fairbank added, “After four years as Founder and CEO of Breakout Capital Finance, this transaction begins the next chapter of Breakout Capital’s lending business. SecurCapital is also committed to the proliferation of best practices to drive change in the broader market. I believe Breakout Capital, in partnership with SecurCapital, is now well positioned for substantial growth, especially with its commitment to FactorAdvantage.” Mr. Fairbank will provide strategic guidance during the transition, but has stepped down as CEO of the lending business to focus on driving innovation in advanced technology, including artificial intelligence, machine learning, and blockchain.

Tim Buzby has been appointed as the new CEO of Breakout Capital. He spent 17 years at Farmer Mac, in executive positions culminating as CEO. Notably, he oversaw a 58% increase in company earnings and an almost 4x increase in stock price and strategically matured the company into an agricultural lending industry leader.

Breakout Capital has also hired McLean Wilson, former CEO of Charleston Capital, an asset manager in the SME space, and former CEO of inFactor, a factoring company, as Chief Credit Officer. Mr. Russell added, “With the appointment of Tim as CEO and the addition of McLean to the management team, we expect Breakout Capital not only to carry forward its role in the industry as product innovator and transparent lender but also to deliver financing solutions to a much broader range of small businesses.”

Breakout Capital is committed to maintain the high ethical standards, best practices, APR-based disclosure, and competitive pricing for which it has always been known.

About Breakout Capital

Breakout Capital, headquartered in McLean, Virginia, has been and will continue to be a leading fintech company, offering innovative small business lending solutions across the country.  As part of SecurCapital, Breakout Capital will remain committed to transparent and responsible lending solutions through product innovation, small business borrowing education, and advocacy against predatory lending practices and will continue to empower small business through right-sized lending, suitability testing, improving terms and supporting the long-term financing objectives of small businesses. Breakout Capital has been widely regarded as the “white-hat” lender in the alternative finance space and intends to retain that reputation as part of SecurCapital.

FOR ADDITIONAL INFORMATION:
Breakout Capital  www.breakoutfinance.com

About SecurCapital

SecurCapital is headquartered in greater Los Angeles, California with locations in San Diego, Atlanta, Baltimore and Washington, DC.  SecurCapital provides supply chain financial services and proven advisory services to logistics businesses from a seasoned team of logistics and financing professionals. SecurCapital offers mid-tier and startup companies access to working capital, M&A consulting, technology enablement and mission critical services for all their supply chain needs. SecurCapital offers forwarders, truckers, custom brokers, 3PL, wholesalers, 4PL, suppliers, veteran owned small businesses (VOSB), minority owned enterprises and government contractors’ on-line access to a broad range of services.

Forward-Looking Statements Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release.

FOR ADDITIONAL INFORMATION:
SecurCapital Corp   www.securcapital.com

 

Carl Fairbank (left) and Steve Russell, look forward to a successful future through a shared vision of empowering small business.

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SOURCE Breakout Capital

Noble.AI CEO, Dr. Matthew C. Levy, Accepted Into Forbes Technology Council

SAN FRANCISCO, July 18, 2019 /PRNewswire-PRWeb/ — Noble.AI (http://www.noble.ai), an artificial intelligence company based in San Francisco offering software that accelerates decision making and product development in R&D, today announced that CEO Dr. Matthew C. Levy has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives.

Levy has long been a noted entrepreneur, inventor, and scientist. Before founding Noble.AI in 2017, he was the first American physicist Newton Fellow in Britain’s Royal Society (the oldest national scientific institution in the world), a post he held at Wolfson College in the University of Oxford. His publications have been cited more than five hundred times and Levy speaks nationally at many prestigious scientific conferences and institutions.

“We are honored to welcome Matthew into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

Since 2017, Levy has been a member of the Global Young Academy (link https://globalyoungacademy.net/gya-in-brief/), an organization aiming to help empower a more diverse community of young people working in science, and to establish a commitment to applying science for the benefit of society. About half of the two hundred Global Young Academy members are women and Levy is passionate about bringing that emphasis on a positive, productive, and diverse team and work environment to Noble.AI.

“Through this seat on the Forbes Technology Council, I am excited to bring contributions from science and artificial intelligence, as well as a perspective on modern SaaS with beautiful and intuitive design, to a larger audience,” said Levy.

During a joint announcement in March of this year, Noble.AI unveiled $8.6M in venture funding (link https://techcrunch.com/2019/03/15/big-data-ai-startup-noble-ai-raises-a-second-seed-round-from-a-chemical-giant/) as well as a working relationship (link: https://www.solvay.com/en/press-release/solvay-ventures-invests-nobleai) with Solvay (link: https://www.solvay.com/en), a global advanced materials and chemistry company.

About Noble.AI
Noble.AI is a software company building AI tools that lower the cost of enterprise R&D. We launched the first SaaS platform that is purpose-built for science, by using advanced AI algorithms which combine scientific laws and deep learning to achieve an unprecedented understanding of science and the physical world. R&D professionals are already leveraging Noble.AI to achieve more across data integration, knowledge management, and invention.

Noble.AI is headquartered in San Francisco, California and supported by more than $8.5MM in venture funding. The leadership team has held research affiliations with institutions like Oxford and Stanford, and has nearly 35 combined years of experience delivering best-in-class digital solutions for Fortune 500 companies.

Learn more us at http://www.noble.ai
Follow us on Twitter (link: https://twitter.com/NobleAIofficial), or connect with us on Linkedin (link: https://www.linkedin.com/company/noble-ai)

To learn more about the Noble Platform and our technology, request a demo

About Forbes Councils
Forbes Councils are a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit http://www.forbescouncils.com.

 

SOURCE Noble.Al

DSP Concepts and CEVA Partner to Streamline Audio/Voice DSP Software Development for High-End Sound Applications

MOUNTAIN VIEW, Calif., July 18, 2019 /PRNewswire/ — CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing platforms and artificial intelligence processors for smarter, connected devices, and DSP Concepts, Inc., a global developer of audio processing tools, IP, and solutions, today announced that DSP Concepts’ industry-leading Audio Weaver® tools and TalkToTM voice front-end now support the CEVA-X2 and CEVA-BX family of DSPs. Audio Weaver is already being used by a number of customers who are leveraging the design tool to develop advanced audio and voice applications for their CEVA DSP based designs.

Audio Weaver is a graphical configuration tool that enables the simple and rapid development of audio/voice DSP software, and offer designers to benefit from the performance and power of CEVA’s DSPs, yet eliminating the need for native coding and kernel optimization. Audio Weaver is used to easily design, debug, and tune audio processing flows in real-time, cutting product development time by up to 90%. TalkTo is a high performance far-field voice front-end that leverages Audio Weaver for ease of integration and tuning. When used in conjunction with CEVA’s audio and voice DSPs, product makers can fully exploit the processing performance of the DSP engine and create unique audio and voice features to differentiate their products. The CEVA-X2 and CEVA-BX family of DSPs are ideal for any power-constrained audio/voice use case and are widely adopted to date in SoCs for smartphones, smart speakers, voice assistants, action cameras, and more.

“Embedded software development for audio and voice applications tends to be complex, time consuming and costly,” said Dr. Paul Beckmann, Founder and CTO of DSP Concepts, Inc. “Our Audio Weaver Design Tool significantly simplifies this process for product designers and we’re pleased to offer these capabilities now to CEVA’s broad customer base integrating DSP-based audio and voice functionality into their SoC designs.”

“Our collaboration with DSP Concepts brings the benefits of their Audio Weaver tool to our customers, providing an impressive design environment to build out even the most complex audio and voice use cases, in minimal time,” said Moshe Sheier, Vice President of Marketing at CEVA. “We’re already receiving excellent feedback from our joint customers and look forward to expanding our partnership as audio and voice adoption in the everyday products that surround us continue to grow.”

CEVA’s high performance audio and voice DSPs are optimized for intensive sound processing applications. They have been specifically designed to tackle multi-microphone speech processing use-cases, high quality audio playback and post-processing, and on-device sound neural network implementations. Having shipped in billions of devices and with dozens of licensees, these DSPs are also supported by comprehensive software offerings for speech recognition and voice processing that have been developed and optimized in-house at CEVA. In addition, a large 3rd party ecosystem of audio/voice software, hardware and development tools companies have optimized their solutions for CEVA audio/voice DSPs, for a wide array of use cases and applications. For more information on CEVA’s audio and voice product offerings, visit https://www.ceva-dsp.com/app/audio-voice-and-speech/.

About DSP Concepts, Inc.
DSP Concepts is the leading provider of tools and IP for embedded audio product developers.  Our mission is to empower our customers to painlessly create awesome audio enabled products.  Audio Weaver technology is used by major automotive OEMs and consumer brands in millions of products. Visit us at https://www.dspconcepts.com.

About CEVA, Inc.
CEVA is the leading licensor of signal processing platforms and artificial intelligence processors for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and cellular IoT (NB-IoT and Cat-M) enabled devices, advanced imaging and computer vision for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For artificial intelligence, we offer a family of AI processors capable of handling the complete gamut of neural network workloads, on-device. For connectivity, we offer the industry’s most widely adopted IPs for Bluetooth (low energy and dual mode) and Wi-Fi (Wi-Fi 4 (802.11n), Wi-Fi 5 (802.11ac) and Wi-Fi 6 (802.11ax) up to 4×4). Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube, Facebook, LinkedIn and Instagram.

 

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SOURCE CEVA, Inc.

AutoGrid Establishes Subsidiary in Japan to Serve Utilities and Electricity Retailers Looking to Deploy Flexibility Management Solutions

REDWOOD CITY, Calif., July 18, 2019 /PRNewswire/ — AutoGrid, the leader in flexibility management software for the energy industry, announced today that it has established a wholly-owned subsidiary, AutoGrid Systems KK (AutoGrid KK), in Japan. AutoGrid KK will provide direct sales and technical support to better serve the company’s rapidly-expanding Japanese customer base.

AutoGrid logo (PRNewsfoto/AutoGrid)

“AutoGrid considers Japan one of our most important strategic regions in the world, with its swift deregulation and strong momentum toward adoption of new energy technologies,” said Dr. Amit Narayan, chief executive officer of AutoGrid. “The Japanese government has mandated a near doubling of renewable energy generation by 2030. Our direct presence there will better enable our customers to leverage the virtual power plant (VPP) capabilities of AutoGrid Flex® to integrate more renewables by aggregating, dispatching and marketing flexible energy from demand response (DR) and distributed energy resources (DERs).”

Leading AutoGrid’s strategy and growth initiatives for Japan and the broader APAC region is Frederick Pugh, Representative Director. Pugh will spearhead AutoGrid’s efforts to help the Japanese electricity industry incorporate new technologies in the renewable energy space, allowing it to leverage artificial intelligence to manage DERs and build new business models. Fluent in Japanese, Pugh comes to AutoGrid with leadership experience at multinational firms including Oracle, Dell EMC and TIBCO.

Japan is one of the world’s most dynamic energy markets,” Pugh said. “The accelerating adoption of retail competition, deregulation, renewable energy, and behind-the-meter solar and energy storage is creating enormous opportunities along with immense technological and marketing challenges that our products solve.”

AutoGrid KK represents the latest in a series of AutoGrid investments in the Japanese market. It comes on the heels of AutoGrid’s partnership, announced in June, with Japanese energy services and trading company ENERES. AutoGrid software will help ENERES establish the world’s largest storage VPP by asset volume. In September 2018, AutoGrid announced a partnership with Macnica, a leading Japanese supplier of networking and software products to governments and enterprise customers, to deploy its suite of energy internet applications in the Japanese market. In addition to the establishment of AutoGrid KK and its partnerships with ENERES and Macnica, AutoGrid has previously announced projects with Mitsubishi in the energy storage and virtual power plant areas.

“As solar and storage costs continue to decline and new capacity markets open, DER and DR resources are becoming a key component of our daily operations,” said Masahiro Kobayashi, President & Representative Director of ENERES. “AutoGrid Flex gives us a proven, AI-driven comprehensive distributed energy management solution that allows us to fully leverage our own DER and DR resources and those of our customers in real time.”

About AutoGrid:
AutoGrid builds software applications that enable a smarter distributed energy world. The company’s suite of flexibility management applications allows energy companies to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid has contracted more than 5,000 megawatts of DERs and works with more than 50 leading energy companies around the world, including Schneider Electric, CLP Holdings, CPS Energy, National Grid, NextEra Energy, Shell, Total, Swell Energy, and Xcel Energy.

Media Contact:
Richard Miller
rich.miller@auto-grid.com

 

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SOURCE AutoGrid

Free Tool Reveals the True Cost of ‘Free’ Online Services – Your Data and Identity

HELSINKI, July 18, 2019 /PRNewswire/ — Cyber security provider F-Secure has released a free new online tool that helps expose the true cost of using some of the web’s most popular free services – the abundance of data that has been collected about them by Google, Apple, Facebook, Amazon Alexa, Twitter and Snapchat. F-Secure Data Discovery Portal sends users directly to the often hard-to-locate resources provided by each of these tech giants that allow users to review their data, securely and privately.

“What you do with the data collection is entirely between you and the service,” says F-Secure Chief Information Security Officer Erka Koivunen. “We don’t see – and don’t want to see – your settings or your data. Our only goal is to help you find out how much of your information is out there.”

More than half of adult Facebook users, 54%, adjusted how they use the site in the wake of the scandal that revealed Cambridge Analytica had collected data without users’ permission.* But the biggest social network in the world continues to grow, reporting 2.3 billion monthly users at the end of 2018.**

“You often hear, ‘if you’re not paying, you’re the product’. But your data is an asset to any company, whether you’re paying for a product or not,” Koivunen says. “Data enables tech companies to sell billions in ads and products, building some of the biggest businesses in the history of money.”

F-Secure is offering the tool as part of the company’s growing focus on identity protection that secures consumers before, during, and after data breaches. By spreading awareness of the potential costs of these ‘free’ services, the Data Discovery Portal aims to make users aware that securing their data and identity is more important than ever.

A recent F-Secure survey found that 54% of internet users over 25 worry about someone hacking into their social media accounts.*** Data is only as secure as the networks of the companies that collect it, and the passwords and tactics used to protect our accounts. While the settings these sites offer are useful, they cannot eliminate the collection of data.

“While consumers effectively volunteer this information, they should know the privacy and security implications of building accounts that hold more potential insight about our identities than we could possibly share with our family,” Koivunen says. “All of that information could be available to a hacker through a breach or an account takeover.”

However, there is no silver bullet for users when it comes to permanently locking down security or hiding it from the services they choose to use.

“Default privacy settings are typically quite loose, whether you’re using a social network, apps, browsers or any service,” Koivunen says. “Review your settings now, if you haven’t already, and periodically afterwards. And no matter what you can do, nothing stops these companies from knowing what you’re doing when you’re logged into their services.”

More information on what people can do to reduce their data footprint on Facebook, Twitter and Google, is available on F-Secure’s blog.

*Source: https://www.pewresearch.org/fact-tank/2018/09/05/americans-are-changing-their-relationship-with-facebook/
**Source: https://www.theverge.com/2019/1/30/18204186/facebook-q4-2018-earnings-user-growth-revenue-increase-privacy-scandals
***Source: F-Secure Identity Protection Consumer (B2C) Survey, May 2019, conducted in cooperation with survey partner Toluna, 9 countries (USA, UK, Germany, Switzerland, The Netherlands, Brazil, Finland, Sweden, and Japan), 400 respondents per country = 3600 respondents (+25years)

About F-Secure

Nobody has better visibility into real-life cyber attacks than F-Secure. We’re closing the gap between detection and response, utilizing the unmatched threat intelligence of hundreds of our industry’s best technical consultants, millions of devices running our award-winning software, and ceaseless innovations in artificial intelligence. Top banks, airlines, and enterprises trust our commitment to beating the world’s most potent threats. Together with our network of the top channel partners and over 200 service providers, we’re on a mission to make sure everyone has the enterprise-grade cyber security we all need. Founded in 1988, F-Secure is listed on the NASDAQ OMX Helsinki Ltd.

f-secure.com | twitter.com/fsecure | linkedin.com/f-secure 

F-Secure media relations:
Sandra Proske
+49-176-7003-6664

 

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SOURCE F-Secure

IXDen Launches New IoT Security Protection Solution Following Data Breach on Billions of Smart Home Devices

TEL AVIV, Israel, July 18, 2019 /PRNewswire/ — IXDen, the leading solution provider for securing IoT devices, today announced their new ‘IXDen Smart Homes’, a product which will protect billions of Internet of Things (IoT) devices against cyberattacks, tampering, and data manipulation. The fully automated solution will for the first time utilize behavioural biometrics on endpoint devices and will include multifactor authentication driven by Artificial Intelligence and Machine Learning. The wide range of protected devices will include cameras, smart thermostats, smart routers, and baby sensors among many others.

The new software comes in response to recent reports in July of a massive data breach of a smart home device platform in which more than two billion records were exposed. The breach at a Chinese based company, stands to have compromised not only account details and personal information of consumers around the world, but also millions of cameras and listening devices in private homes.

Zion Harel, Co-Founder and Co-CEO of IXDen, said, “As more and more smart home devices hit the market place, consumers are increasingly opening themselves up to significant risk. These devices which offer users the greatest of convenience also offer unprecedented accessibility to hackers who are increasingly able to infiltrate homes, stealing data and personal information, and even recording and filming users in their homes. As this massive data breach highlighted, while there are many vendors providing home automation devices, there is a lack of accepted industry security standards to ensure that customers and their data are kept safe. Our innovative and unique solutions for securing IoT devices, enable our customers to secure their smart home devices, and gives them the peace of mind that their personal data and lives remains secured and private.”

According to Statista Research Department, by the year 2020 there will be 30 billion IoT devices in everyday use, including smart home devices, mobile phones, wearable technology, home appliances and cars. 

“With the increased volume and sophistication of today’s cyberattacks, security in homes has become much more relevant,” Harel added. “In order for the next generation of smart home devices such as cameras, thermostats, and smart air conditioners to gain mass adoption, they must be completely secured. The ability to secure these products will literally make or break the IoT revolution. With today’s announcement, IXDen is taking a huge step forward to assure that this bright IoT future does not become a security nightmare.”

For more information on IXDEN Smart Homes email info@ixden.com  and visit www.ixden.com.

About IX-Den: 

IXDen was founded in 2017 by entrepreneurs and former senior figures at companies such as Amdocs, Microsoft, and Fundtech. IXDen’s IoT software solution introduces patent pending, security technology to protect businesses and organizations from IoT information tampering. IXDen creates a dynamic ‘biometric’ identity for any IoT device and performs multifactor authentication driven by proprietary topological mathematical models, statistics, Artificial Intelligence and Machine Learning.

IXDen is a Labs/02 portfolio company, a seed stage fund backed by OurCrowd, Motorola Solutions International, Reliance Industries, as well as by Six Thirty VC, private investors and the Israeli Innovation Authority. For more information, visit labs02.com    

For press materials:

https://www.dropbox.com/sh/t7aprzq63hdwzud/AAAfxSAkyH7q8NRJDp-YZH2-a?dl=0 

Press Contact:
Leah Stern, OurCrowd Dir. of Communications
E: leah@ourcrowd.com
P: +44-747-019-6826

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ForU Trucking CEO Shares How Big Data And AI Have Revolutionized Freight Transportation

HONG KONG, July 18, 2019 /PRNewswire/ — China’s freight transportation industry is undergoing a radical transformation fuelled by artificial intelligence and big data, according to a keynote speech delivered by Dandan Shan, CEO of ForU Trucking, at RISE 2019 in Hong Kong.

Shan—who founded China’s leading truckload service provider in 2015—shared her insights during the FullSTK and binate.io tracks, which examine how coding and data analysis are influencing modern businesses and society. During her keynote, Shan highlighted how technology had enabled the optimization of revenue and customer service in one of Asia’s fastest-growing industries.

ForU Trucking CEO Shares How Big Data And AI Have Revolutionized Freight Transportation.

Following the demand for freight transportation as a result of the eCommerce explosion in China, market share of the truckload services are worth over CNY 1.92 trillion. Truckload services currently represent almost two-thirds of China’s mammoth freight transportation market and this figure is predicted to reach CNY 2.42 trillion by 2020. Despite its rapid expansion, the industry is hugely fragmented with more than 20 million trucks on the road—70% of which are operated by individuals or small and medium-sized enterprises.

According to Shan, there are three pain points plaguing today’s industry: a lack of standardized pricing, inefficient dispatching and unreliable service quality. To address these, ForU Trucking developed its world-leading online truck logistics platform, which uses intelligent pricing, intelligent service and intelligent dispatch to handle fuel efficiency and customer experience.

Historically, the freight transportation industry has suffered from variable pricing and frequent cost fluctuations as a result of seasonal changes in supply and demand. In traditional operating models, it requires an average of ten calls and one hour to obtain and negotiate a quotation in China. To streamline and optimize pricing, ForU Trucking’s platform uses an algorithm that harnesses information collected from big data (such as truck capacity, distance, historical pricing, seasonality and existing demand versus supply, etc.) to provide an accurate and standardized quotation in under two minutes.

In addition, traditional dispatch modes are often inefficient, amounting to high operational costs and low-profit margins. Powered by artificial intelligence, ForU Trucking’s intelligent dispatch system optimizes routes for drivers, increasing a truck’s monthly operating mileage from 6,520 km to over 11,000, and reduced the transportation cost per load by 20%. These savings have also directly benefited drivers with a 12.5% increase in monthly revenue.

Finally, the platform’s real-time system monitoring delivers consistent service standards for enhanced customer experience. Freight transportation is often subject to significant service issues, including traffic delays, a lack of transparent tracking and damaged goods due to unpredictable road conditions. ForU Trucking harnesses real-time location-based services, big data and GIS, and predictions calculated by AI to automatically detect and report any abnormalities that occur throughout the transportation process. These systems reduce the number of calls received by customer service teams and allow for greater operational efficiency, resulting in a tenfold increase in the number of orders processed per day per person.

About ForU Trucking

ForU Trucking is a technology-driven logistics company that focuses on truckload transportation in China. It has received more than 7 rounds of investments from well-known VCs and institutions. ForU Trucking is the first Internet company in China to apply big data and artificial intelligence in the truckload logistics sector. It uses advanced technologies to refactor the end-to-end transportation process, aiming to provide best price and service to shippers. ForU Trucking is one of the first non-asset brokers in China, signing up leading customers in multiple industries since the platform was launched in March 2015. Currently its transportation network covers 30 provinces and municipalities, except Hong Kong, Macao, Taiwan, and Tibet. ForU Trucking organizes a huge number of different types of carriers, including leased fleet, contracted carriers, and owner operators, to service shippers’ different needs.

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Sales of Product Engineering Services Prompted by Demand for Smart Consumer Electronics, Reports Fact.MR Study

ROCKVILLE, Maryland, July 17, 2019 /PRNewswire/ — Fact.MR has recently published a new study titled “Product Engineering Services Market Forecast, Trend Analysis & Competition Tracking: Global Market Insights 2019 to 2029“, which delivers a precise insight about the global product engineering services market and their anticipated emergence across diverse sectors. The report highpoints that advent of connected/smart technology along with the succeeding hike in sales of smart electronic devices, in-vehicle networking systems and smart homes, are marked as key factors stirring demand for product engineering services in the global market.

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As per this smart Fact.MR, the global demand for product engineering services is predicted to account for revenues valued US$ 26 Bn by the end of 2019. It has been recorded that gains will be mainly underpinned by the surging demand for shorter product life cycles. In addition, myriad opportunities are expected to hit vendors of product engineering services, after the dramatic growth of new product launches across diverse industry verticals.

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IT & Telecom and Healthcare Together Acquire 3/5th Shares

With a stern look at the ongoing trends across the product engineering services market, budding need of organizations to improve the ‘time to market’ (TTM) cycle is becoming a prime determinant, thereby, delivering impetus to the development of the target market. In addition, the requirement for speed grows has motivated several verticals, such as IT and telecom and healthcare to extensively outsource their product engineering needs. Based on this study, the demand from IT & telecom and healthcare verticals would collectively account 60% revenue share in the product engineering services market during the coming years.

Demand for Smart Consumer Electronics Influencing Market for Product Engineering Services

The study discourses that the consumer electronics industry would provide lucrative prospects for product engineering services providers due to increasing importance of enterprises on improving customer satisfaction and expand competitiveness. Moreover, mounting demand for smarter consumer electronics, mostly in developed countries, is supporting market value of product engineering services in certain regions like North America and Europe.

Preview Analysis of Global Product Engineering Services Market Report Segmented By Service Type (New Product Development, Product Testing, Product Sustenance, Product Deployment, Product Support, Product Management), By Verticals (Aerospace & Defense, Automotive & Transportation, Consumer Electronics, Healthcare, Industrial Manufacturing, IT & Telecom, Media & Entertainment, Others), & by Region –

https://www.factmr.com/report/3756/product-engineering-services-market

Transforming Nature of Digital Technologies Proving Effective for Product Engineering Services

According to research insights, product engineering services are expected to witness significant transformation due to rapidly escalating digital technologies. Some of the advanced technology areas like DevOps, are influencing different sections of product engineering services for positive results. Furthermore, the count of companies renovating their product offerings is rising to align themselves with emerging digital technologies. Also, the growing focus of enterprises on structuring their personal digital platforms is very likely to outline the future technology landscape of software product engineering services.

The final section of the report talks about the competitive landscape, with further focus on company aspects such as product portfolio, sales footprint and strategy overview. Some of the prime players mentioned in the report are Persistent System, Mindtree, Tech Mahindra, Tieto, Wipro Accenture, Cognizant, Altran etc. This assessment is a rich data source for new entrants and existing players to draw useful conclusions.

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More ICT Market Reports from Fact.MR

Mindfulness Meditation Apps Market– The mindfulness meditation application market is likely to see an incremental opportunity of ~ US$ 184 Mn between 2019 and 2029. With self-care blooming as the latest health and wellness trend, meditation apps are gaining their due and entering the ‘most searched’ and ‘most downloaded’ lists of applications.

Structured Cabling MarketValue of the structured cabling market was estimated at nearly US$ 16 billion in 2018, and is forecast to record a CAGR of approximately 8% through 2028. North America remains the leading market for structured cabling, undergird by the proliferation of data center projects in the U.S.

Computer Aided Dispatch MarketComputer aided dispatch system manufacturers are directing their efforts towards integrating novel technologies to improve the efficiency of their systems. Advancements in the field of machine learning and artificial intelligence are finding widespread applications in an assortment of verticals including computer aided dispatch systems.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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Dashmote secures $2.8M in funding to analyze the visual web using AI

NEW YORK, July 17, 2019 /PRNewswire/ — The artificial intelligence (AI) technology company Dashmote has secured $2.8 million in funding from a group of American and Chinese investors. These resources will kick start a long term plan that will enable the Amsterdam-based company to scale-up and bring its data and image analytics solutions for enterprises to new and larger venues. The funding round includes investors from SP Investment Associates (SPIA), Three Curve Capital (TCC) and Gaomei Yunjing Investments.

Retrieving data from the visual web
Dashmote’s mission is to lead people and companies through an AI and data-driven world. Every day, around three billion images are uploaded to the internet. Dashmote’s A.I. technology is capable of analyzing these images and gain valuable insights. With its SaaS-solution, Dashmote is already helping companies such as Heineken, Coca Cola, Unilever, and L’Oréal to understand their audiences and the market they move into.

Large companies that operate in consumer electronics, food and beverage, and cosmetics use Dashmote’s AI tools and analysis to sharpen their marketing efforts and upsell capabilities. The tool is used to discover market trends, operate an effective segmentation of the offer, and measure the audience engagement and sentiment.  

With the new funding, Dashmote heads towards a bright future. “We are very pleased with the international group of investors. They are a great fit to support our ambition to solidify our position in existing markets and to roll out to new markets,” said Dennis Tan, CEO and co-founder of Dashmote. “With SPIA and Three Curve Capital, we not only receive funds to grow our business, but we will also benefit from their experience as venture and growth investors and their vast network. It is important for us that Gaomei also joined this round, considering our current footprint and plans in the Chinese market.”

Experienced, international investors
For Gaomei, a Chinese VC, this is the first investment outside their home country of China. “Dennis and Stefan have proven even before we came along that they had a clear vision on how to enter Asian markets,” said Ning Gu, founder and general partner at Gaomei. “They have done so successfully with their own strategy of local culture and approach with an international push.”

Both SPIA and TCC have deep networks in the U.S., Europe and Asia and bring decades of experience in scaling fast-growing companies, including those with global ambitions similar to Dashmote’s.

Scaling up and expanding
Dashmote is already profitable and will use the funding exclusively to rapidly scale up. The company will double its number of employees from 45 to 90. The New York and Shanghai offices will increase in size, and new offices in the U.S. and Asia are planned to open in the near future.

The company will also use the fresh capital to expand its product portfolio. Dashmote’s AI technology is now predominantly serving image analytics for trend, brand, and location intelligence services. In the near future, the company intends to unlock information from online video material – another potentially inexhaustible source of insights for companies. Together with a new way to visualize the gathered information, this will offer companies even more possibilities to understand data and leverage it for marketing, strategy and sales purposes. 

About Dashmote
Dashmote was founded in 2014 in Amsterdam, The Netherlands by Dennis Tan (CEO), Matthäus Schreder (CPO), and Stefan Tan (CFO). The applied AI insight platform helps companies make complex decisions based on data gathered from images and text uploaded to the internet. The company headquarters is in Amsterdam with offices in New York, Vienna, and Shanghai.

Contact: Stefan Tan, stefan@dashmote.com, 646-233-3634

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SOURCE Dashmote