Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Matic Raises $24M in Series B Funding Round

Matic Insurance

Matic , a leading digital insurance agency, announced today the close of a $24 million funding round led by IA Capital. The new funding will support the growth of Matic’s partnerships and integrations with insurance carriers and distribution partners across emerging channels and verticals. Matic’s proprietary technology reduces the time it takes to compare and purchase policies from an average of two to three days to less than 10 minutes, expediting loan closings and helping mortgage customers save money. In addition to fueling their recent expansion into auto and life insurance, the new funding will support partnerships outside of the mortgage industry. Matic was recently awarded a contract with a top five global financial institution to deploy their insurance solutions across origination, servicing, and banking client channels. “With our B round secured, we will be able to further support customer and partnership demand across new channels,” said Matic CEO Ben Madick. “I am excited to have our new investors on board and for our existing investors to continue to support our mission of simplifying insurance. I am thrilled to have Andrew Lerner join our board of directors, bringing 25 years of financial services and insurance industry experience to our team of over 150.” “Matic has been synonymous with expertise in insurtech since their inception a few years ago,” said Andrew Lerner, Managing Partner, IA Capital. “We chose to partner with Matic because of their unrivaled proprietary technology, differentiated distribution, and the customer-focused vision and values carried forth by their team. We look forward to seeing Matic’s growth continue as they expand their product offerings, partnerships, and internal talent.” Amid the COVID-19 pandemic, Matic’s customer-centric model continued to grow and navigate the changing home buying and refinancing landscape, seeing a 40% increase in customers leveraging the platform in Q2 compared to Q1. Throughout this time they maintained their industry-leading NPS of 88 and continued to save customers over 30% per year. In addition to IA Capital, participating investors include Cultivation Capital, Clocktower Technology Ventures, MTech Capital, The K Fund, Protection America, Nationwide Ventures, Anthemis Group, ManchesterStory, Franklin Madison, and Fenway Summer. About Matic Since 2014, Matic has changed the landscape of the insurtech industry by integrating home insurance within the homeownership experience. Today, Matic’s digital insurance marketplace has over 30 A-rated home and auto carriers, as well as distribution partners in industries ranging from mortgage origination and servicing to banking, real estate, and personal finance. With a single-minded focus on advocating for policyholders, Matic has created an effortless and transparent comparison shopping process, saving customers days of work and over 30% in premiums each year. For more information, visit matic.com . About IA Capital Group IA Capital is the longest-tenured independent venture capital firm focusing on insurtech. Based in New York City, IA Capital has a two-decade track record of successfully partnering with innovative early and growth stage companies in insurance and—more broadly—financial services. IA is currently investing in its sixth, seventh, and eighth venture capital funds and manages strategic venture capital programs for 15 insurers. Learn more at iacapgroup.com . Contact Details Sarah Berg +1 614-927-1086 press@matic.com Company Website https://matic.com/

October 15, 2020 12:15 PM Eastern Daylight Time

RTCORE Enters 2 Strategic Letters of Intent for Acquisitions.

RTCore Inc

October 15, 2020, RTCORE Inc. (OTC Markets: “PPPS”), a Delaware corporation (the “ Company ”) entered into Non-binding Letters of Intent to acquire 100% of the equity of Conquest Group Inc., a South Carolina corporation (“ Conquest Insurance ”), and 100% Membership Interest in Spanish Moss Premium Finance LLC., a South Carolina limited liability company (“ Spanish Moss ”). Both acquisitions are expected to close on or before November 30th, 2020 with Definitive Agreements subject to RTCORE, Conquest Insurance and Spanish Moss obtaining necessary corporate approvals. Through these anticipated acquisitions, RTCORE intends to demonstrate the operational and financial benefits of deploying its real time, cloud-native core processing software to Conquest Insurance and Spanish Moss clients, while expecting to increase the combined business value to all its stakeholders. About RTCORE Inc. Headquartered in Charlotte, NC, RTCORE Inc. is an industry leader in the design, development and commercial deployment of Cloud-native, real time transaction processing software for the global financial services industry. About Conquest Group Inc. Conquest Group Inc. is a South Carolina Insurance Brokerage Firm with offices located throughout the Lowcountry of South Carolina. Since 2007, Conquest advises its personal and business clients on the evaluation and purchase of the most appropriate policies to fulfill their Property & Casualty coverage needs. About Spanish Moss Premium Finance LLC Spanish Moss is a Premium Lending firm based in Hilton Head, South Carolina, providing insured parties with financing options to cover the cost of their insurance premiums. Safe Harbor Statement - This press release may contain forward-looking information that involve a number of risks and uncertainties made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things, the company’s business plans and the company's growth strategy and operating strategy. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of numerous and varied factors. RTCORE Inc. does not undertake to update any forward-looking statements except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the company or any person acting on behalf of the company are expressly qualified in their entirety by the cautionary statements referenced above. Contact: RTCORE Inc. +1 (704) 965-4087 contact@realtimecore.com Contact Details Phil Walton +1 704-965-4087 philwalton@realtimecore.com Company Website https://www.realtimecore.com

October 15, 2020 12:08 PM Eastern Daylight Time

Room57 Chose Comodo’s Platform for the Extensive Range of Features Offered in One Package

Comodo

Contact Details Carolyn Muzyka +1 973-859-4000 carolyn.muzyka@comodo.com Company Website http://www.comodo.com

October 14, 2020 12:00 PM Eastern Daylight Time

Video

Suzy Survey Says: Consumers Are Getting Spooky This Halloween By Celebrating at Home and on Virtual Zoom Parties

Suzy

Suz y , a leading real-time consumer insights platform, announced today 82% of Americans surveyed plan to celebrate Halloween at home this year due to the pandemic and 45% of respondents are considering Zoom Halloween parties, according to its latest report. “The State of the Consumer: Halloween in a Haunted Year,” based on responses from 1,000 U.S. consumers, found that watching Halloween-themed movies (43%) is considered more important this year than dressing up in costumes (38%). The report also revealed 80% of consumers plan to purchase the same amount of Halloween candy this year, if not more, although half (50%) will be surprised to get trick-or-treaters. This finding is further supported by candy industry sales, which are up 13% this Halloween season, over the last four weeks, compared to this time last year. In addition, Suzy’s report found 74% of young parents feel Halloween is more important this year than ever. The top three Halloween activities people plan to do in 2020 are: Decorate their house/yard (63%) Watch a Halloween-themed movie (62%) Make Halloween-themed foods or drinks (58%) “Given that this year has significantly changed how we socially gather to celebrate events, consumers are now set on making this Halloween the best they can, to create a sense of normalcy for their children,” said Suzy President Avi Savar. “These are valuable insights about how the world around us is changing in the wake of the pandemic, and how Americans are creatively adapting to the ‘new normal.’” A complete State of the Consumer: Halloween in a Haunted Year report is available here . Suzy Says… Does your media outlet have a burning question it would like Suzy to field? Please let us know by contacting Suzy Senior Marketing Manager Abel Flint at abel.flint@suzy.com. About The State of the Consumer: Halloween in a Haunted Year: The study was conducted on September 8, 2020, with a sample size of 1,000 Americans (inclusive of 500 parents). The sample is directionally representative of U.S. consumers and censusweighted across age, gender, ethnicity, and region. About Suzy Founded in 2017, Suzy is an enterprise software platform that puts the voice of the consumer at your fingertips. Whether you’re a novice or an expert researcher, Suzy delivers advanced tools combined with the highest-quality audience to deliver insights in minutes. Many of the biggest brands in the world use Suzy to deliver breakthrough products and experiences backed by datadriven decisions. To date, Suzy has raised over $35MM in venture capital funding from investors that include Bertelsmann Digital Media Investments, Foundry Group, Tribeca Venture Partners, Triangle Peak Partners, and Kevin Durant’s 35 Ventures. Learn more at www.suz y .com . Contact Details Noe Sacoco +1 408-340-8130 suzy@trustrelations.agency Company Website http://suzy.com/

October 13, 2020 10:16 AM Eastern Daylight Time

Image

Naveg Technologies Partners with Comodo to Bring Cybersecurity Solutions to South African Marketplace

Comodo

Naveg Technologies, a cybersecurity consulting firm that helps businesses reduce risk, ensure compliance and secure sensitive data and systems across all platforms has chosen partnership with Comodo, the world’s leader of next-generation cybersecurity. “We help businesses move forward by aligning IT and cybersecurity goals to business goals and delivering state-of-the-art solutions,” said Vitalis Nkwenti, Risk & Cyber Security Partner at Naveg Technologies. He continued, “As cybersecurity consulting experts, we need to have full confidence that the solutions we offer our customers will protect their critical and sensitive data. Our partnership with Comodo allows us to give our clients across a broad spectrum of industries the most advanced and comprehensive solutions at an affordable cost. Plus, the Comodo team provides top-notch customer service and excellent responsiveness.” Naveg Technologies chose Comodo’s Dragon platform with Advanced Endpoint Protection (AEP), a complete cloud-native framework that delivers a zero-trust architecture to protect and defend endpoints. Its patent-pending auto containment technology has active breach protection that neutralizes ransomware, malware and cyber-attacks. The auto containment runs any unknown executable in a kernel API virtualized mode, thereby offering attack surface reduction (ASR) which neutralizes ransomware attacks. The Dragon platform also utilizes a Default Deny security posture with Default Allow usability to provide a most comprehensive protection against zero-day threats, while having no impact on end-user experience or workflows. Comodo’s Valkyrie analyzes and gives a trusted verdict for every file – no other company will analyze and give trusted verdict for all files on a network. Comodo’s platform shares intelligence and is therefore more secure than disparate products that claim best of breed but don’t share information. Comodo has architected its cybersecurity product to maximize intelligent sharing between every component of the platform, therefore providing superior security. Alan Knepfer, President and Chief Revenue Office at Comodo said, “Faster access to insights are vital for organizations that need to make decisions quickly to protect sensitive data. Comodo’s intelligence gives 100% trust on all files in a network at lightning speed, with 92% of files processed within 45 seconds and the remaining with malware analysts within four hours. Our competitors cannot match the speeds in which we provide verdicts, they leave a window of time when data is exposed to cybercrime attacks.” About Naveg Technologies Naveg was established in 2013 to provide information technology/security solutions and advisory services to businesses. We are a management & technology intensive corporation geared to deliver state-of-the-art solutions and advise in areas of integrated business solutions, IT Governance, Risk Management, Compliance, Cyber Security and IT Assurance. We also provide accredited certification courses and training to our clients. We have team of dedicated, passionate consultants and developers that are certified in their various fields of expertise. The common vision we share is empowering your business and help it reach its full potential via the use of information and communication technologies. For more information visit www.naveg.co.za About Comodo Comodo is the world’s leader of next-generation open source cybersecurity, with the industry’s most disruptive innovations. We help customers stop breaches with groundbreaking auto containment technology that neutralizes ransomware, malware and cyber-attacks. Our complete cloud-native framework delivers a zero-trust architecture with active breach protection for the most comprehensive defense against zero-day threats. Comodo’s cybersecurity products maximize intelligent sharing between every component of the platform, therefore providing superior security. We are the only company that analyzes and gives a trusted verdict for 100% of files on a network. Comodo leverages innovation to celebrate and support the cybersecurity community by offering the very first open source endpoint detection and response (EDR). We believe that an open source model using community-powered collaboration will ensure that every organization has access to the industry’s most sophisticated EDR. Headquartered in Clifton NJ, Comodo’s global development team and threat intelligence laboratories deliver innovative, category leading, security solutions for thousands of companies’ endpoints, network boundaries, and internal networks. For more information visit https://www.comodo.com/ Contact Details Carolyn Muzyka +1 973-859-4000 carolyn.muzyka@comodo.com Company Website http://www.comodo.com

October 13, 2020 10:02 AM Eastern Daylight Time

Orion Energy Systems Unveils New Video Tour of its LED Lighting Production Facility in Wisconsin

Orion Energy Systems

Contact Details William Jones or David Collins +1 212-924-9800 oesx@catalyst-ir.com Company Website https://www.orionlighting.com/

October 08, 2020 07:27 AM Eastern Daylight Time

Video

The Safest Mask is the One You Wear…..and Trust: How To Pick And Wear A Face Mask

YourUpdateTV

The CDC Director recently clarified that the COVID virus is airborne and therefore the usage of masks is now essential to protect you and those around you. Furthermore, the Director has said that masks may offer a higher level of protection against COVID than a vaccine. Therefore, it is essential is to actually use a mask which works and that you can trust. Currently, the vast majority of people are using either basic cloth masks or 3 ply surgical masks. However, these masks offer limited, if any, protection. Therefore, we wanted to let you know about the AirQueen which is a FDA 510K cleared N95 substantial equivalent medical mask that is so safe it is approved for use during surgical procedures. A video accompanying this announcement is available at: https://youtu.be/xkjxA6WeKxU The AirQueen is made with a highly advanced nano-fiber material to provide extreme protection with a minimum of 95% protection and an average in excess of 97% particle filtration (see the Nelson Labs reports on the website for more details). The nano-filter allows extreme breathability and comfort which, in addition to the excellent protection provided, is one of its strong value propositions. Another major advantage of the AirQueen mask is that it can be cleaned up to 10 times with a simple ethanol spray wash (also available on AirQueen.com) making it the most protective mask available which is also affordable. Even better is that the AirQueen is allowed to be sold to the general public which means you can provide the highest level of protection for you and your family and loved ones. Lastly, there is also a highly protective kids version, the Airbon mask, which is made from the same filter and manufacturing process as the AirQueen making it one of the safest masks for children on the market. During the nationwide media tour Dr. Bob Arnot discussed: The benefits of wearing a mask and why choosing the right one is important The proper way to wear a mask The availability of masks Technology behind the AirQueen mask, a FDA 510K cleared N95 substantial equivalent Please go to AirQueen.com to learn more about the AirQueen adult and Airbon kids masks and help the world put an end to this pandemic safely. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

October 07, 2020 12:15 PM Eastern Daylight Time

Video

Cyvatar Launches All-in-One Cybersecurity-as-a-Service to Disrupt the Industry with $3 Million Seed Round

Cyvatar

Cyvatar today announced that it has raised $3 million in seed funding from Bill Wood Ventures to launch its all-in-one cybersecurity-as-a-service (CSaaS) offering. The company will use the capital to disrupt the $130 billion cybersecurity industry with guaranteed business results, to speed customer adoption of subscription-based security services, and to fuel the development of its outcomes-driven solution, Genesis Platform. Cyvatar Co-Founders Corey White , former chief experience officer at Cylance, and Craig Goodwin , former chief trust and risk officer at Fujitsu, formed the company to combat decades of wasteful spending in the industry—waste generated by an overabundance of point products that do not integrate quickly or easily into most security environments and too much noise from security vendors whose genuine differentiation can be difficult to determine. There are also staffing shortages exacerbated by a prolonged skills gap. Cyvatar leads a fundamental shift in the market, offering holistic, tailored security solutions rooted in best-of-breed technologies from across the industry. “It’s no secret that CISOs and their teams are the losers in today’s cyber arms race,” said investor Bill Wood. “In fact, most organizations use less than half of the functionality in the technology solutions they own. Cyvatar has developed a winning CSaaS model by combining customer-centric strategies with skilled security experts and market-leading technologies to deliver guaranteed business outcomes.” The Cyvatar approach is rooted in proprietary ICARM (installation, configuration, assessment, remediation, maintenance) methodology that delivers smarter, measurable security solutions and enables small and medium-size businesses to achieve security compliance and cyber-attack protection faster and more efficiently. And in the crowded and noisy security space—where more than 4,500 security solutions are currently available—the need for organizations to show value from their security stacks is a top priority. “As a longtime builder of successful security programs, I understand the difficulty many organizations face trying to get all the tools in their security stack to work together effectively and provide sufficient risk controls,” said Al Valerio, head of IT and cybersecurity at Virtualitics. “Cyvatar’s all-in-one offering gave us a comprehensive security framework—not just a few pieces—enabling us to remediate vulnerabilities in record time, achieve synergy among all of our security tools, maintain compliance standards required by our government customers, and reduce user friction. If it weren’t for Cyvatar’s vision and execution, completing our mission quickly and within budget would have been impossible.” The company’s strategy includes a robust partner network to bring bespoke solutions to customers who are not large enough to invest in in-house security teams, do not have the runway to experiment with multiple security tools as they scale, or cannot compete against larger firms for the scarce number of skilled resources available. Cyvatar’s partner ecosystem spans nearly two dozen companies. “We believe in the democratization of cybersecurity,” said Cyvatar Founders Corey White and Craig Goodwin . “Protection from threats and breaches should not be accessible only to organizations with deep pockets and dedicated security personnel, and it shouldn’t be delivered in a shrouded black-box approach understood only by the vendor. We’re on a mission to demystify cyber defense by offering an all-in-one subscription-based service that provides organizations of any size the ability to achieve measurable security outcomes that drive quicker time-to-value without sacrificing their security postures or compliance standards.” Whether customers need to meet intricate compliance requirements in order to grow their sales pipelines, to remediate after a breach, to prevent future incursions, or to respond to a third-party risk assessment, Cyvatar helps them achieve outcomes quickly, without the noise, complexity, or hurdles in traditional security approaches. What security challenges are you trying to solve? What barriers do you face? Visit https://start.cyvatar.ai/ to explore the ways Cyvatar can help. About Cyvatar Cyvatar.ai is a transformative cybersecurity company that operates at the intersection of our customers and technology to define what a cybersecurity solution should be: guaranteed business outcomes that are measurable. We break down barriers to create positive experiences for passionate companies globally. Cyvatar is headquartered in Irvine, California. Learn more at https://cyvatar.ai and follow us on LinkedIn and Twitter . About Bill Wood Ventures Based in Austin, Texas, Bill Wood is one of the most experienced venture capitalists in Texas. His track record spans over three decades and parallels the emergence of Austin as one of the world's strongest technology-driven economies. He has provided start-up financing, board-level guidance and mentoring to dozens of start-ups, several of which have sustained multibillion dollar market capitalizations. Bill is a past recipient of the Ernst & Young Entrepreneur-of-the-Year award. He was also the winner of the Austin Technology Summit's "Pillar of the Community" award, recognizing his lifetime contribution to the community. Finally, he was the inaugural inductee into the Austin Technology Hall of Fame. Contact Details Aileen Casmano +1 323-300-4927 aileen@cyvatar.ai Company Website https://cyvatar.ai/

October 06, 2020 08:15 AM Eastern Daylight Time

Image

UK SMEs lose £2.2bn as customers fall into administration during lockdown

Stockwood Strategy

SMEs across the UK are counting the cost of the lockdown as they prepare for a testing final quarter of 2020. Risktech business Nimbla , surveyed* 2,000 UK SMEs and found that £2.2bn in revenue (for goods and services provided during lockdown) has been lost because those customers fell into administration. A number that is set to increase dramatically over the course of the next year. More than a third (38%) of SMEs are still waiting to be paid an average of £59,013, for work they completed before the lockdown. Worryingly, a fifth (21%) of these companies believe they will never recover the full amount, losing on average £24,903 because those customers have gone into administration. Looking at the bigger picture, this is worth £2.2bn in revenue across all SMEs (with outstanding payments) that will not be realised. Lost time and revenue Businesses reported, on average, 6 invoices go unpaid every year with half of these worth £41,193 written off due to their customers becoming insolvent. Yet, surprisingly, only 4% of business owners take out trade credit or invoice insurance, which protects the supplier against their customers’ insolvency. Business owners do spend time thinking about a potential insolvency event with their customers. In the event that happened, most of them (83%) would continue trading but the impact on cash flow would lead to changes in asking customers for deposits, requesting shorter payment terms, declining larger projects and fear their credit scores falling. Business owners spend, on average, two weeks chasing an invoice payment which eventually was never paid because the customer became insolvent. Flemming Bengtsen, CEO at Nimbla commented: “The impact the lockdown has had on SMEs, who are the heart and soul of the UK economy, is astonishing. Many have survived several attacks during the pandemic and, now, knowing they won’t get paid for the work they did is another huge body blow. There could be more bad news on the horizon for smaller businesses as high street chains face difficulties and potential insolvencies.” Looking ahead Businesses anticipate making, on average, £263,000 revenue between now and the end of the year. However, as customers seek longer payment terms from 30 to 60 days to settle invoices, three in five (60%) business owners are nervous about not getting paid at all with expectations that one in six customers will become insolvent before the end of the year. This is a major issue as more than a third (36%) of businesses were heavily concentrated, reporting that more than two-thirds of their revenues came from a handful of customers. Overall, business owners reported 61% of their customers said they were doing well in terms of their revenue, going steady with sales and generally content with the business environment. Yet, business owners were sceptical about their buoyant spirit, with only a quarter (26%) believing what they say. Flemming Bengtsen added: “The current uncertain economic environment means doing business isn’t easy, it’s made all the more difficult with SMEs anxious about getting paid. Trading on trust and confidence has deteriorated. It is time, as a collective, to bring this back. Business owners cannot afford to bury their heads in the sand; they should protect themselves and insure against the potential insolvency of their customers.” ENDS Notes to the Editor *Research findings based on a survey of 2,000 UK companies (who are employers with a minimum turnover of £250,000) conducted for Nimbla in September 2020 by LM Research & Marketing Consultancy (Market Research Society approved partner and ESOMAR corporate member). About Nimbla Nimbla makes sure businesses get paid for their hard work, even if a customer becomes insolvent. Founded in 2016, the risktech company is on a mission to give SMEs the confidence to trade with a peace of mind using invoice insurance. Nimbla’s digital insurance platform backed by expert risk analysts, allows businesses to check a buyer’s ability to pay and insure individual invoices against non-payment in a fast and affordable way. This will enable business owners to safeguard against insolvent customers, expand into new and existing markets and secure better borrowing terms. The platform can be accessed directly ( www.nimbla.com ) and through partnerships with Barclays and Starling Bank. Based in London, Nimbla aims to bring the trade credit industry into the 21st century. Challenging traditional insurance models, the cover is flexible and adapts to fit your business — whether it’s a one-off invoice or multiple transactions. Contact Details Bilal Mahmood +44 7714 007257 bilal.mahmood@nimbla.com Company Website https://www.nimbla.com/

October 06, 2020 04:00 AM Eastern Daylight Time

1 ... 617 618 619 620 621 ... 638