News Hub | News Direct

Amplifier Security emerges from stealth to bridge divide between the workforce and security with AI copilot and human-in-the-loop automation

Amplifier Security

Security teams rely on an ever-growing stack of security tools to keep their organization safe. Yet, coverage gaps and alerts across these tools do not get proper and timely attention because of the difficulty engaging company employees busy with their daily work to fix them. Today, Amplifier Security has launched from stealth with a $3.3m investment and the industry’s first AI-powered human-in-the-loop automation and security copilot that connects the dots between an organization’s existing security stack and their people. The pre-seed funding round was led by Cota Capital with participation from WestWave Capital and Shift Left Ventures, and included angel investments from industry luminaries and founders of Slack, MobileIron, Centrify, PeopleNet, Skyflow and Mercury. Enforcing security controls through automation gets pushback from users whose work is disrupted, for example, when a security patch update forces a system reboot during a critical workstream. Triaging security tool alerts means closing the loop with the end user to determine true versus false positives before taking disruptive actions - a truly burdensome process for everyone. Security teams do their best to navigate this complex situation — but it often leads to a strained relationship with the workforce. The Amplifier Security solution extends the value and effectiveness of existing security tools by empowering the entire company to work together towards a much faster response time that dramatically increases the security health and culture of an organization. Amplifier provides an engagement layer between existing security tools and the workforce through Ampy - a trusted copilot that acts as an AI security buddy who helps employees understand the risk they are creating for the organization and solves their security issues while balancing their productivity. Building on the experiences people are used to, for example with credit card companies verifying suspicious transactions, Ampy engages with employees, guiding them through security protocols based on real-time insights. This approach not only speeds up response times but also significantly boosts an organization's security posture by involving employees directly in the security process. Amplifier integrates with and enhances the effectiveness of existing deployed tools like identity security, MFA, endpoint security, vulnerability scanning and management, SaaS and cloud security, SIEM and security training; and makes adaptive human protection a reality for organizations. Ampy is backed by Amplifier’s human-in-the-loop automation platform, composed of a security data fabric, security hub and engagement studio. The platform integrates into all corporate security tools and normalizes data across those tools to contextualize and prioritize security risks and vulnerabilities. It then helps organizations translate those findings into actionable remediation engagements through Ampy. Amplifier helps every CISO, departmental leaders and individuals understand their security posture through intuitive personalized health scores and dashboards. It enables security teams with enforcement of 100% security tooling coverage across every employee and offloads countless hours of manual work to correlate data in spreadsheets, chasing down employees to triage alerts, getting users to maintain their security hygiene. Cal Henderson, co-founder of Slack: “The way we operated our corporate security engineering program closely aligns with the design principles at the core of Amplifier Security's vision. I’m a firm believer that engaging the workforce for security automation with a productivity platform like Slack is the only modern way to solve today’s dynamic cybersecurity threat landscape.” Amplifier Security was founded by Shreyas Sadalgi, CEO and Thomas Donnelly, CTO and President, who both have two decades of experience in enterprise security, IT and automation. Donnelly is a three-time CISO and CIO with over a decade of experience leveraging human-centric approaches and technology that transformed security in organizations. He firmly believes that in today’s dynamic and decentralized workplaces, CISOs need to completely rethink how their teams operate by allowing users to self heal their own security issues. Rather than security operating in the background and interrupting employee productivity at inopportune times, Amplifier delivers an incredible user experience that drives everyone in the workforce to participate in their own security. “There is a massive gap in the market that is preventing security practitioners from being successful. Most security tools aren’t built to engage users, as they’re always meant to work in the background.” said CEO and co-founder, Shreyas Sadalgi “Amplifier flips the script by engaging employees on behalf of all security tools in a more human-friendly way, where every end-user interaction is a two-way conversation with the right tonality, context, empathy and actionable information based on the security finding and the user role. Our vision is to shift the cybersecurity focus to include both technology and the people who use it, creating a balanced and more secure environment for businesses.” Gaurav Manglik, Partner at WestWave Capital commented: “The lack of human engagement in security automation is a missed opportunity to educate people on the why behind the risk of each security finding. Because of today’s hybrid and dynamic workplaces where everyone is moving fast in the spirit of hyperproductivity, this problem has become harder to solve at scale. After assessing the market for many years, Amplifier has done the best execution we’ve seen from a product and team perspective thus far.” Aditya Singh, Partner at Cota Capital added: “Security is fundamentally about both people and technology, yet the industry has largely built security tools focused solely on the technology element. Everyone knows that when it comes to cybersecurity in workplaces, engaging humans is the biggest opportunity. Amplifier answers the bell with its unique human-in-the-loop solution. We believe they are uniquely positioned to turn this trend into a movement that forward-thinking CISOs will embrace so that they can more efficiently and effectively manage enterprise security.” Amplifier has been engaged with security teams at over 15 companies as its marquee design partners; many who have been using its product in private betas and seeing daily value — hours saved every week toiling in spreadsheets, quick identification of tooling gaps in their environments, and the ability to self-heal common security issues. “Most organizations haven’t significantly changed their approach to threat management – keeping the old silos between those responsible for security monitoring and those responding to the rest of the employee base.” said Steve Mancini, Head of Security at Guardant Health. “Security teams can no longer operate this way. Security has to be embedded in every function, and that means empowering all employees to participate in security. Even with all the security automations, our employees are the best sensors of the unusual or anomalous at every level of our business. They enable us to quickly get context when we notice suspicious behavior and identify incidents faster based on their proactive observations.” Shawn Bass, ex-CTO, VMware End User Computing: “Most often humans in the workforce are not intentionally violating security practices maliciously. Often they're just trying to be as productive as possible and sometimes the Security and IT operations best practices are perceived to be getting in the way of that. Security teams struggle to solve these last mile problems because of the highly nuanced and manual effort it takes to loop in their workforce to fix tooling related problems. Amplifier is innovating on this hard unsolved problem, by empowering humans to participate and collaborate with security teams to triage and fix issues, all while having great productivity.” About Amplifier Security Amplifier Security enables companies to harness the power of AI and their workforce to secure their business. Its flagship product, Amplifier, is the industry’s first AI-powered human-in-the-loop automation and security copilot that connects the dots between your people and your existing security tools, so you can quickly address the most critical issues without harming productivity. With Amplifier, security and IT teams can gain a comprehensive understanding of their security health and collaborate with end users to enforce controls — leading to a faster response time that dramatically increases the security posture and culture of an organization. Amplifier is crafted with ♥️ in Atlanta and San Francisco. Learn more at https://www.amplifiersecurity.com/ Contact Details Amplifier Security Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.amplifiersecurity.com/

April 24, 2024 10:00 AM Eastern Daylight Time

Image

Shareholder to Return to Berkshire Hathaway Annual Meeting One Year After Arrest in Omaha

NLPC

As the annual meeting for Berkshire Hathaway Inc. on May 4 in Omaha approaches, National Legal and Policy Center Chairman Peter Flaherty plans a return to the same stage where last year, while presenting NLPC’s shareholder proposal, Warren Buffett cut off his speech and Flaherty was arrested. Trumped-up charges against Flaherty were later dropped. NLPC has another proposal on Berkshire’s 2024 proxy statement and Flaherty is scheduled to speak on the measure for his allotted five minutes. The nonprofit corporate watchdog released a short video that briefly recounts last year’s incident and points out Mr. Buffett’s contradictory positions on how he manages shareholder meetings. The video may be found on NLPC’s website: https://nlpc.org/corporate-integrity-project/video-nlpc-returns-to-berkshire-hathaway-annual-meeting-one-year-after-chairmans-arrest/ The video highlights a past statement Mr. Buffett made to CNBC. Responding to an interviewer’s question about Berkshire allowing investors who attend the popular annual meeting to ask any question they want, Mr. Buffett responded, “We’ve got a partnership feeling toward the people who have given us their money, and we don’t screen ‘em, and they can ask whatever’s on their mind.” However, last year Mr. Buffett made an exception to that principle when Peter Flaherty – during his official remarks presenting NLPC’s shareholder proposal, which was on the meeting agenda – brought up Mr. Buffett’s relationship with billionaire Bill Gates, their shared philanthropic efforts, and Mr. Gates’s troubling relationship with deceased pedophile Jeffrey Epstein. At that point, Flaherty’s microphone was silenced, and security and Omaha law enforcement forcibly walked him out of the arena and to a local police precinct, where he was arrested, booked, fingerprinted and held for about three hours. As NLPC argued last year in a report to the Securities and Exchange Commission, Berkshire’s identity is inextricably linked with Mr. Buffett’s. As such, his philanthropic activities and personal associations are fair targets for criticism, unlike those of nearly any other corporate Chairman/CEO. NLPC also filed a complaint with the SEC late last year over Berkshire’s inappropriate treatment of Flaherty at the meeting. “Warren Buffett boasts that shareholders can ask questions on any topic they desire, but I guess that doesn’t include questions about Bill Gates or Jeffrey Epstein,” Flaherty said. This year’s shareholder proposal addresses concerns about Berkshire’s risk vulnerabilities over the amount its sales and supply chain depend on China. Subsidiaries such as Duracell and Fruit of the Loom, and significant investments such as Apple and Coca-Cola, substantially depend on access to the communist nation. NLPC also filed a proxy memo with the SEC in support of this year’s proposal. The video released by NLPC concludes by wondering if Mr. Buffett will keep his word, and let all Berkshire investors say “whatever is on their mind.” For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

April 24, 2024 09:00 AM Eastern Daylight Time

Ukrainian-American Organization Demands Immediate FCC Investigation into SpaceX; Citing Musk’s Meddling in Ukraine, Erratic Behavior, and Illegal Drug Use

Ukrainian Congress Committee of America

The Ukrainian Congress Committee of America, Inc. (UCCA) has filed in opposition to the allocation of additional spectrum to SpaceX, and called for an immediate investigation into the behavior of the company’s largest shareholder Elon Musk in the Federal Communications Commission (FCC) rulemaking to open the 1.6/2.4 GHz band to new entrants. The non-profit, non-partisan organization called on the FCC to determine if it should place restrictions on Elon Musk’s control, management, or involvement in Starlink, or revoke the company’s license entirely, following erratic behavior and chronic use of illegal drugs that place Musk’s qualifications to operate FCC licensed facilities into question. “At the heart of the matter is the Commission’s responsibility to ensure that any company which is granted the privilege of operating on public airwaves meets certain qualifications and serves the public interest,” said Arthur Belendiuk, UCCA’s lead regulatory attorney. “Musk has used the company’s FCC licenses to support the military of a foreign power that is actively engaged in an illegal war and who has committed countless war crimes. Offering military aid to Russia is just the tip of the iceberg in a pattern of repeated abuse of the Starlink system—behavior which demands an immediate FCC investigation.” As an FCC licensee, SpaceX has the basic statutory duty to conduct its operations in the public interest. As UCCA’s filing outlines, numerous examples show that the company has not met that standard. In Musk’s role as chief apologist for indicted war criminal Vladimir Putin, he has used the Starlink network to illegally meddle in U.S. Foreign Policy: According to reports, Elon Musk refused a Ukrainian Armed Forces request to activate his Starlink satellite network in Crimea's port city of Sevastopol to aid an attack on Russia's fleet (page 3). Disabling the Starlink service and allowing Ukrainian civilians to be murdered by Russian missiles is unconscionable. However, Musk was not done. Despite warnings from U.S. Senators to stop interfering on the side of Russia, Musk has now made the Starlink system available to the Russian military (page 4). This begs the question, why does Musk believe that he has the authority to engage in U.S. foreign policy? Not only is Musk making decisions concerning Russia’s illegal invasion of Ukraine, but he is also engaging with China, often in ways that violate U.S. foreign policy. For example, Musk was recently accused of withholding internet service in Taiwan (page 6). Musk’s chronic use of illegal drugs also places his qualifications as an FCC licensee in jeopardy. Illegal drug use by FCC licensees, “either on or off-station premises,” is historically a matter of grave concern to the Commission. In prior proceedings, if the FCC found that a licensee “continued to deliberately flout Commission rules or was irremediably incompetent,” the regulator has acted to revoke licenses. The filing outlines reports of Musk’s use of mind-altering LSD, cocaine, ecstasy, ketamine, and psychedelic mushrooms. The group goes on to say, “[w]hen the controlling shareholder is acting erratically, believes he has the authority to set U.S. foreign policy and admits to taking drugs including taking drugs with board members and officers, it is reasonable to conclude that Musk and his management team lack the basic competence to remain FCC licensees.” UCCA’s landmark filing seeks to hold licensees like SpaceX accountable by calling for an immediate FCC investigation into multiple accusations of disqualifying conduct. Until an investigation can be completed, UCCA calls on the FCC to stop processing all Starlink applications and require Musk to step down from any management, control, or decision-making authority concerning the Starlink system. “Why is Musk shilling for Russia? More importantly, why is critical communications and defense infrastructure in the hands of a drug addled conspiracy theorist who thinks he has the power to dictate U.S. foreign policy,” UCCA’s filing concludes. A copy of UCCA’s comment is available here. The Ukrainian Congress Committee of America, Inc., is an umbrella organization that unites nearly 30 Ukrainian-American organizations and represents the interests of approximately two million Americans of Ukrainian descent. UCCA is a non-profit, nonpartisan community-based organization with local all-volunteer chapters across the United States. Contact Details Raynor Ave. Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://ucca.org/

April 24, 2024 08:30 AM Eastern Daylight Time

ToolsGroup Launches PromoAI, Revolutionary New Retail Promotions Optimization Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, today announced the launch of their PromoAI Solution, a new promotions optimization solution in the greater JustEnough retail planning and execution suite. This solution allows retailers to maximize the sales lift created by promotions while minimizing margin sacrificed to do so. The PromoAI tool is built on ToolsGroup’s patented and award-winning pricing algorithm, and introduces additional features and planning workflows to build scenarios to optimize every aspect of promotions. With the PromoAI solution, retailers can instantly simulate the impact of multiple promotional strategies at once to choose the best outcome for their business priorities. This new solution empowers retailers to ensure that every promotion delivers on promised returns—something critical to profitability, especially with working capital invested in inventory at a premium. “Promotions are often frustratingly inconsistent, sometimes delivering the expected sales, but other times eroding margin without sufficient returns. Being able to use PromoAI to optimize the critical elements of promotions, from the timing to the discounts will make a huge difference to our bottom line,” said Elisabetta Urbani, Merchandising Manager at Conbipel, an early adopter of the PromoAI solution. Core Benefits of PromoAI: 360-degree promotional optimization An end to the deadly cycle of ever-increasing promotions Streamlined processes and less manual labor Growth in brand value Delight customers and drive loyalty “With PromoAI, retailers no longer have to worry about their promotions strategy being a net negative on GMROI. With this prescriptive AI solution, it’s easy to tailor promotions to appeal to the unique customer base of each channel and ultimately maximize profits,” said Pierre Custeau, Chief Product and Technology Officer at ToolsGroup. ToolsGroup PromoAI Solution is an integral part of JustEnough solution that has long delivered unparalleled value and results to retailers around the world. With over 400 customers optimizing inventory with its solutions, ToolsGroup enables intelligent real-time decision-making that transforms retail planning and execution. Current pricing customers report a 6% average growth in revenue and 15% growth in volume. We’re excited to talk to you about our new PromoAI solution. If you’re in London this week at the Retail Technology Show, come talk to us about it at ToolsGroup’s Booth: 6B68. Interested in how ToolsGroup can help you maximize your GMROI through more profitable promotions? Read more HERE. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of fast, intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

April 24, 2024 07:00 AM Eastern Daylight Time

Image

Analyst Gives Insights on Fantom and Injective, 5 Reasons Why KANG Is at the Top

Kangamoon

Top market analyst Crypto Tony gave a sensational insight into the direction of Fantom (FTM) and Injective (INJ), exploring their potential to turn green soon. In this article, we analyzed Tony's exciting insight, drawing investors to the potential of these tokens. In the meantime, KangaMoon (KANG) has emerged as one of the top meme coins to invest in amidst the changing market dynamics. More details below. Crypto Tony Believes $19 Is a Good Entry Point For Injective For investors who may be looking for Injective to dip further before jumping in, popular crypto analyst Crypto Tony believes the token good entry point could be anywhere above the $19 mark. Tony remarked on his X post, detailing the key insights that can trigger Injective momentum. Tony noticed that the Injective token has built a base above the $19 threshold, which means the token is unlikely to dip further than that before it starts to pick up again. He advised holders not to rush to change their position and believed that the token could challenge the $30 threshold before the end of the month. Analyst Pegs Fantom (FTM) Entry Barrier at $0.65 Earlier in the month, Crypto Tony also provided a powerful insight for investors looking at Fantom token (FTM). Although the token price has dropped by 20% in the past week to stand at $0.7, Tony believes the token could dip further, providing an opportunity for investors to come in. However, Tony advised investors to be careful as a good entry point for Fantom is $0.65. He believed that the token can't get lower than this before it shoots up again in the bull market, where it is expected to rise to $5. Investors Accumulate KangaMoon (KANG), Analysts Provide Reasons While Crypto Tony has provided insightful analysis on the Fantom and Injective momentum, KangaMoon is enjoying massive attention in the meme coin market. The project has already raised over $5M in presale, registered more than 20k participants, and currently has more than 6k holders, justifying its wide acceptance across the meme coin market. Analysts observed KangaMoon's trajectory and concluded that investors are purchasing the token for 5 reasons. One is KangaMoon utility which incorporates GameFI and SocialFi functionalities. Two, the KangaMoon rewards system where gamers earn through intense competition also gives spectators a way to earn through betting and predictions. KangaMoon ROI is the third reason investors are accumulating the token. The KANG token has returned a 290% ROI for early adopters, with the price value moving from $0.005 to $0.0196. Investors are also moved by KangaMoon's potential, with its ability to become one of the best new meme coins to tap into the $200B NFT market, which looks promising. Lastly, investors' interest in KangaMoon also stemmed from its expected price jump soon. The token will be on major exchanges in the second quarter of 2024 and analysts project that the price may skyrocket to $0.5 by then. For these reasons, analysts also project KangaMoon to raise $7M in presale before its listing, making it one of the top meme coins to invest in now. Discover the exciting opportunities of the KangaMoon (KANG) presale today! Website: https://kangaMoon.com/ Join our KangaMoon community: https://t.me/kangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 24, 2024 04:23 AM Central Daylight Time

Image

Majestic EA Debuts Revolutionary Forex Trading Automation on MetaTrader 5

Rev Up Marketers

In an exciting development for forex traders and financial technology enthusiasts, Avenix Fzco has officially launched Majestic EA, its state-of-the-art Expert Advisor for the MetaTrader 5 platform. This innovative trading software is designed to revolutionize the way traders engage with forex markets, offering an advanced grid trading strategy combined with superior automation capabilities. Majestic EA's introduction into the market comes at a time when traders are increasingly seeking automated solutions that can offer precision, reliability, and ease of use. The software’s grid trading approach allows for the execution of multiple trading positions at varying price levels, providing significant opportunities for profit while managing potential risks. This method proves especially effective in capturing gains in a fluctuating forex environment. Majestic EA, an advanced forex robot for MetaTrader 5, features several key functionalities to enhance forex trading. It operates 24/7, ensuring that no profitable trading opportunities are missed due to downtime. Additionally, it offers customizable strategies, allowing traders to adjust trading parameters and risk levels according to their individual preferences and goals. The system also performs real-time market analysis, automatically adapting its strategies to optimize trading effectiveness in response to market conditions. The launch is accompanied by a promotional offer, slashing the price of Majestic EA from $8,000 to $4,000. This initiative is aimed at making advanced trading technology accessible to a broader audience, from novice traders to seasoned professionals. More details can be found here. Majestic EA is more than just a tool; it represents a pivotal shift in automated forex trading. By handling complex trading strategies and decision-making processes, Majestic EA allows traders to focus on refining their strategies and scaling their trading operations. About Avenix Fzco Avenix Fzco is a leader in developing forex trading solutions that combine innovation with user-friendly interfaces. The company is dedicated to providing tools that traders of all levels can use to increase their trading accuracy and efficiency. For more information about Majestic EA, visit majesticea.com. Contact Details Avenix Fzco Robert Swanton support@majesticea.com Company Website https://majesticea.com/

April 23, 2024 12:40 PM Eastern Daylight Time

Image

Wishpond sees record annual revenue in 2023, increasing 13% over 2022

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to present the company’s financial achievements for the fiscal year ended December 31st, 2023. The company reported record annual revenue of $23.1 million for fiscal year 2023, marking a 13% increase compared to fiscal year 2022. In Q4-2023, Wishpond achieved revenue of $6.1 million, representing an annualized revenue run-rate of over $24 million. This growth was primarily driven by sales of the company's next-generation marketing platform, Propel IQ. Additionally, Wishpond achieved Adjusted EBITDA of $0.8 million in fiscal year 2023, marking the sixth consecutive quarter of positive Adjusted EBITDA. The company expects to further accelerate its growth in 2024, driven by increased Propel IQ sales and the launch of SalesCloser AI, a virtual AI sales agent capable of conducting sales calls and demos in multiple languages with minimal human intervention. Looking ahead, Wishpond anticipates an improvement in its cash position in 2024 as revenue continues to grow and the company has fulfilled all earn-outs related to prior acquisitions. The company expresses confidence in its ability to fund future growth through cash flow from operations and its $6 million credit facility, with additional financing only necessary for executing acquisition opportunities. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

April 23, 2024 09:45 AM Eastern Daylight Time

Video

Ethernity Networks achieves strong growth and strategic advancements in 2023

Ethernity Networks Ltd

Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) CEO David Levi provided an overview of the company's 2023 performance, highlighting significant growth despite economic challenges. In an interview with Proactive's Stephen Gunnion, Levi noted the company achieved a 29% increase in revenue, totalling $3.8 million, and a 46% increase in gross profit, reaching $2.3 million. These improvements were bolstered by exceptional cash collections amounting to $4.09 million. The company also reduced its annual loss to $3.9 million, with the EBITDA loss in the second half of the year decreasing by 47% to $800,000. Levi emphasised the company's strategic advancements, including optimised R&D efforts and the accelerated development of its Universal Edge platform. This initiative aims to expand the market reach by providing complete system solutions to original equipment manufacturers (OEMs), transitioning from offering FPGA SoC components to comprehensive system products. This shift has reduced product deployment time from over 18 months to as little as six months, potentially leading to faster revenue generation and growth. Regarding customer engagement, Levi noted the continuation of support for existing customers and the delivery of a $440,000 contract with a tier-one aerospace and military vendor. The company is actively developing a second-generation product and expects further orders in the coming months. Ethernity Networks is also engaging with new and legacy customers across various sectors, including fixed wireless broadband, aerospace, and military industries, and is involved in discussions with potential new clients in these fields. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 23, 2024 09:14 AM Eastern Daylight Time

Video

Wolfram and Classiq Integrate Advanced Quantum Software Tools into Mathematica

Classiq Technologies

In a landmark collaboration, Classiq, a leader in quantum computing software, and Wolfram Research, the leading computational software provider, announce a software partnership. This collaboration integrates Classiq’s cutting-edge engine within Wolfram Mathematica, offering a unified solution for the development of quantum and classical algorithms. This integration is targeted at enabling users to leverage the robust capabilities of Wolfram Mathematica for algorithm development and utilize Classiq’s Quantum Model (QMOD) language for quantum algorithm development—all within a single, cohesive environment. This blend of technologies empowers users to define, visualize and optimize quantum algorithms with unprecedented ease and efficiency. Key features of this collaboration are the facilitation of Classiq’s quantum algorithm compilation tailored to specific quantum hardware and ability to intricately develop quantum circuits from a high-level overview down to detailed gate operations. The integration further allows for the execution of these quantum circuits across a diverse array of backends and simulators, directly within the Mathematica notebook. This integration supports researchers by enhancing analytical capabilities, enabling continuous exploration and data assessment. As an example of the potential of this collaboration, the Quantum Differential Equations solver exemplifies how users will be able to tackle complex challenges by defining and executing quantum algorithms like the Harrow–Hassidim–Lloyd (HHL) algorithm and Quantum Singular Value Transformation (QSVT) for matrix inversion, directly from the Mathematica interface. This application highlights the power of combining classical computational methods with quantum processing to solve complex computational problems more efficiently. “The partnership between Classiq Technologies and Wolfram Research reflects a shared commitment to advancing computational excellence,” said Nir Minerbi, CEO of Classiq. “This collaboration not only enhances the toolset available for researchers and developers, we hope to see it pave the way for groundbreaking applications across various scientific and engineering disciplines.” "In the pursuit of applying quantum technologies to address real-world challenges, robust collaboration among industry leaders is paramount. We are delighted to unveil our strategic partnership with Classiq," remarked Mads Bahrami, quantum projects manager at Wolfram. "This partnership underscores the dedication of both entities towards crafting toolsets that empower governments, industries, and academia to tackle complex problems through quantum-classical algorithms." The companies invite those seeking to combine the best of quantum and classical computation to reach out and explore the possibilities this computation integration brings. About Wolfram Founded by Stephen Wolfram in 1987, Wolfram Research is one of the world's most respected computer, web and cloud software companies - as well as a powerhouse of scientific and technical innovation. As a pioneer in computation and computational knowledge, Wolfram has pursued a long-term vision to develop the science, technology and tools to make computation an ever-more-potent force in today's and tomorrow's world. As the creators of Mathematica, Wolfram|Alpha, the Wolfram Language, and Wolfram Quantum Framework, Wolfram is the leader in developing technology and tools that inject sophisticated computation and knowledge into everything. Wolfram's strategy as an organization is to maintain a portfolio of development, from continually strengthening core algorithms and the Wolfram Knowledgebase, to supporting the latest computing and deployment architectures, to developing major new concepts and capabilities - and consistently delivering the results in the form of products, services and experimental initiatives that make breakthrough technology accessible to the broadest possible spectrum of people and organizations. Learn more at: https://wolfr.am/QuantumConsulting https://www.wolfram.com/quantum-computation-framework/ Follow Wolfram on LinkedIn, X, and YouTube. Contact Wolfram quantum team: quantum@wolfram.com Contact Wolfram PR team: outreach@wolfram.com About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq's core technology - algorithmic quantum circuit compilation - is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq's world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and website, www.classiq.io to learn more. Contact Details Rainier Communications Michelle McMahon +1 781-718-3248 classiqPR@rainierco.com Company Website http://www.classiq.io/

April 23, 2024 08:00 AM Eastern Daylight Time