News Hub | News Direct

Technology

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

SushiSwap and Anyswap Partner with Telos Blockchain for Access to New Ethereum Virtual Machine Platform

Telos

Today, Telos, one of the most active blockchain platforms in the world according to Blocktivity, announced partnerships with SushiSwap, the largest multichain DeFi/automated market maker platform and leading bridge technology in the world, Anyswap. These partnerships will enable users on both platforms to take advantage of Telos EVM’s speed, scalability, and security against front running whilst trading crypto assets. This is the latest of SushiSwap’s partnerships, after recently gaining the support of other top EVM networks, including Ethereum ($562B), Avalanche ($19.8B), and Polygon ($12.8B). Telos EVM boasts 30x the speed and 100x greater capacity than other leading blockchains, and since Telos offers Ethereum feature-parity, users can use the same functionalities they are used to on a newer, more advanced platform. Through this partnership, SushiSwap users will now have access to: Unbelievably fast swaps: block trade times take just 0.5 seconds, making trades almost instantaneous Increased Scalability: Telos EVM can process thousands of DeFi transactions per second overall providing unmatched performance Gas Fees for Pennies: On Telos EVM, gas fees are negligible opening it up to a larger market of traders and use cases Elimination of Front Running: On other networks, billions of dollars are taken annually, by tactically reordering DeFi Transactions. Because prices are fixed and always pennies, traders will always pay the trade price they were expecting and get the trade conducted in the order they paid Proven Security: EVM’s unique codebase keeps users secure from vulnerabilities found in other EVM’s. The code was recently audited by Sntnl, and revealed a high severity memory code bug found in geth code used by all major EVM chains. Telos EVM now joins the short list of popular EVM chains, such as Polygon Ethereum, Binance Smart Chain, and Fantom, that are supported by Anyswap. The integration enables Telos community members to easily move tokens like USDT, ETH, BNB, MATIC, and LINK to and from the Telos EVM using one of the most reliable bridges in the industry. Additionally, Anyswap will provide small amounts of TLOS coins to allow users to buy TLOS on any automated market makers (AMMs) and decentralized exchanges (DEXes) that are supported on the Telos EVM. The partnership lays the groundwork and infrastructure for future DeFi moves from Telos and the new EVM. “At Telos, we’re extremely excited to offer our services to users of SushiSwap,” said Justin Giudici, Telos Foundation CPO. “Traders, no matter their expertise, should be able to trade as quickly and efficiently as they like without the fear of front running. We’re looking forward to seeing how users react, and how they will make use of the new features that we’ve included within EVM. Additionally, with Anyswap’s support, our community can use one of the most renowned bridges around. We hope users on both sides are pleased with the partnerships and see the expanding value of Telos’ network. We plan to partner with other groups in the coming months, but are thrilled to kick things off with two of the top crypto projects in the world.” SushiSwap in collaboration with Telos is expected to invest additional resources into the partnership in the form of incentives programs, and the Sushi NFT marketplace, ShoryuNFT, will add support to the EVM in the future. Users looking to get started right away can do so by adding Telos EVM to Metamask, bridging assets with Anyswap, acquiring $TLOS, and trading on SushiSwap or by farming on the exchange. About Telos The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform available today built to power Web 3.0. Telos features a robust, third-generation, ESG compliant evolutionary blockchain governance system inclusive of smart contracts, advanced voting features, flexible and user-friendly fee models. Built, tested and verified by developers for real-world mass adoption, Telos remains to be one of the most decentralized blockchain platforms today encompassing two leading protocol technologies in a single blockchain. Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through community votes development grants. For more information, please visit telos.net. Contact Details Telos Foundation Calen McGee telos@n6a.com Company Website https://www.telos.net/

November 17, 2021 09:00 AM Eastern Standard Time

Article thumbnail News Release

Comcast Increases Xfinity Internet Speeds in Houston

Comcast Houston

Comcast has increased speeds for its highest-residential speed tier for Xfinity Internet – Gigabit Pro – providing an extra boost for both current and new customers in Houston. Beginning this month, Gigabit Pro speeds will increase from 2 gigabits-per-second (Gbps) upload and download speeds to 3 Gbps symmetrical speeds nationwide. Xfinity is the country’s largest Gigabit network, delivering speeds faster than a Gig. Gigabit Pro uses enterprise-grade, fiber-based ethernet technology to make it possible for Xfinity Internet customers to receive symmetrical multi-gigabit speeds so you can stream or game in 4K in multiple rooms in your home. “Faster speeds will give Xfinity customers added capacity to power all their connected devices, in addition to the cybersecurity protection, in-home WiFi controls, and wall-to-wall WiFi coverage Xfinity already provides customers,” said Demian Voiles, Vice-President of Sales and Marketing, Comcast Houston Region. In addition to delivering the fastest speeds, Comcast provides unmatched value to Xfinity Internet customers through: Superior WiFi coverage – WiFi coverage with the xFi Advanced Gateway that is WiFi 6-capable and can deliver speeds faster than a gig, and xFi Pod s, which together creates a mesh network that reaches every corner of the home. Control connected devices – Using the Xfinity app, customers who lease an xFi Gateway have total control of their home network; manage device access, set parental controls, and pause WiFi. Advanced cybersecurity protection – xFi Advanced Security helps to protect all connected devices at the gateway level from malware and other cyber security threats. 4K streaming device with voice search – Xfinity Flex, a 4K streaming device with an award-winning voice remote to seamlessly watch and search for content from the Xfinity Stream app, Peacock, Netflix, Hulu, Prime, and other popular streaming services. Xfinity Mobile Xfinity Internet customers can get Xfinity Mobile, which combines the nation’s best 5G network with the power to auto-connect to millions of Xfinity WiFi hotspots across the country. Starting at $45 for one line, the lowest entry price for 5G unlimited data in the market, unlimited pricing for Xfinity Mobile is $80 for two lines, $100 for three lines, and $120 for four lines ($30 per line). Peacock Premium and thousands of hours of free content – Peacock, NBCUniversal’s streaming service, delivering originals, libraries of hit TV shows like “The Office” and “Parks and Recreation,” plus films from Universal Pictures, Focus Features, DreamWorks Animation, Illumination and Hollywood’s biggest studios. Over the last decade, Comcast has invested nearly $30 billion to build an expansive, fiber-dense network that carries an immense amount of traffic and has demonstrated extraordinary performance throughout the pandemic. The company has doubled network capacity every 2.5 years to stay well ahead of demand. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Foti Kallergis +1 832-986-0196 Foti_Kallergis@comcast.com Company Website https://houston.comcast.com/

November 17, 2021 08:00 AM Central Standard Time

Article thumbnail News Release

Pano AI Deploys Successful Wildfire Detection Technology Pilot Program in California's South Bay

Pano AI

Pano AI, the leader in wildfire early detection and intelligence, is excited to announce the successful completion of an initial pilot in the South Bay Area, which includes San Mateo, Santa Clara, and Santa Cruz Counties. Through the pilots, Pano AI provided early access to Pano Rapid Detect, an easy-to-use platform that enables fire districts to quickly detect, assess, and pinpoint new fires earlier, so that they can be contained while still small. Leveraging a network of connected, ultra-high-definition cameras continuously rotating atop high vantage points, Pano Rapid Detect captures a dynamic 360-degree panoramic view of the landscape every minute. This rich camera data, combined with satellite imagery, emergency call details, and other data feeds enables Pano AI’s artificial intelligence to monitor for threats and provide actionable intelligence in a single, intuitive interface. “With wildfire response, every minute matters. We created Pano Rapid Detect to help first responders get to the scene faster and more safely—with the right equipment, up-to-date information, and enhanced coordination—so that they can stop a new ignition in its tracks,” said Sonia Kastner, founder, and CEO of Pano AI. “We are thrilled to be working with such qualified and experienced partners in the South Bay. Together we can help protect lives, homes, and businesses, from the ever-growing threat of climate change and wildfires.” Wildfire season is starting sooner and ending later, as the impacts of climate change create the ideal conditions for fires to spread. In 2021, there were over 7,000 California wildfires, burning more than 2 million acres of land. Responding to these wildfires commands significant resources from fire departments across the state. Along with identifying actual fires, one of Pano AI’s advantages is the company’s ability to distinguish false positives, or non-fires, from real wildfires, preserving fire departments’ resources for legitimate fires via their 24/7 Pano Intelligence Center. “With the growing threat of climate change, the risk and devastating impact that wildfires have in our forests, parks, and communities is too great to ignore. We need cutting-edge solutions to keep pace with this constantly growing threat, and Pano AI is exactly that solution,” said Training Chief Chuck Lax of the Redwood City Fire Department, a participant in the pilots. “Pano’s 360 24/7 cameras, combined with its A.I. technology and network, empower us with the tools we need to stay constantly vigilant and help prevent potential wildfires. The technology has also helped us understand how we can better optimize our own system from deployments to evacuation strategies so that we are able to provide the best quality of protection to those that rely on us.” For more information about Pano AI’s wildfire detection technology, please visit: https://www.pano.ai/ About Pano AI Pano AI is the leader in wildfire early detection and intelligence. Leveraging a network of connected, ultra-high-definition cameras continuously rotating atop high vantage points, Pano Rapid Detect captures a dynamic 360-degree panoramic view of the landscape every minute. This rich camera data, combined with satellite imagery, emergency call details, and other data feeds, enables Pano AI’s artificial intelligence to continuously monitor the landscape and provide actionable intelligence in a single, intuitive interface, enabling fire authorities to detect, assess, and pinpoint new fires quickly, in order to contain them while they are still small. As climate change creates and escalates the number and size of fires when it comes to dispatching fire departments, every minute matters. Learn more at https://www.pano.ai/ Contact Details Kivvit Akash Gejjagaraguppe +1 603-930-0591 akash@kivvit.com Company Website https://www.pano.ai/

November 17, 2021 09:00 AM Eastern Standard Time

Article thumbnail News Release

MSP Itesys Protects its New, Broadened Service Offering and Shields its Customers from Ransomware

Bacula Systems

Accelerating its leadership in high performance backup and recovery for large enterprises and managed services providers, Bacula Systems today announced that leading Swiss MSP itesys AG has deployed Bacula’s backup and recovery software, combining both safety and business benefits for its customers. Itesys AG are Switzerland’s leading MSP for SAP Basis technology services. “We help our customers to be more efficient in their own businesses, primarily by continuously adapting and improving according to their needs ” said Stefan Dunsch, Head of Service Operations at Itesys. “Our systems need to quickly fit their new, complex and changing requirements. To achieve our goals, we needed data backup and protection that completely fits our service offering, and allows us to add new innovations.“ said Mr Dunsch. Addressing the global ransomware crisis, itesys’ priority was to ensure the safety of its clients’ data. "We take the protection of our customers’ data very seriously. But in addition to high security, we needed a data recovery software solution that was fast to implement and where we could start small without an unreasonable upfront investment. So the solution needed to be able to scale well without depending on a per-client or per-TB model, and therefore be cost effective. As we roll out an increasing number of services and features to our customers, our backup and recovery solution has to be easy to customize and automate. Implementing Bacula has been a clear factor in itesys achieving its goals" said Mr Dunsch. Bacula Enterprise is a flexible and highly scalable backup and recovery solution that integrates with an especially wide range of virtual machines, databases, clouds and containers. Its architecture helps to make it especially secure against different types of malware. “Bacula is pleased to have helped itesys fulfill its business vision. Many large organizations and MSPs are increasing their product portfolio and making enormous savings with Bacula’s broad capabilities” said Frank Barker, CEO of Bacula Systems. “Bacula enables MSPs to cover their entire IT estate from one platform. Not only is it cloud-agnostic, it scales to many thousands of users, has advanced protection against ransomware, point in time recovery, and can save directly to a vast range of different storage media and vendors. These qualities, when combined with Bacula’s advantageous licensing model, is why it is being increasingly adopted by military, government, ISVs, HPC and other demanding organizations” said Aristide Caraccio, VP of Sales and Marketing at Bacula Systems. Bacula Systems customers include NASA, Navisite, Swisscom, SDV Plurimédia, Locaweb and many more. See the itesys video case study here. About Bacula Systems: Bacula Enterprise Edition is a highly scalable backup and recovery software for large organizations, data centers and MSPs. www.baculasystems.com About Itesys Itesys offers managed services internationally, both in the Itesys private cloud or as a public cloud with SAP on Azure. It enables its customers to operate their SAP landscape quickly, stably and efficiently using its Cloud services. Itesys is proud to transform its passion, SAP basis technology and its related technology topics into real benefits to its customers. www.itesys.ch SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Contact Details Bacula Systems Rob Morrison +41 21 641 60 80 rob.morrison@baculasystems.com Company Website https://www.baculasystems.com/

November 17, 2021 08:33 AM Eastern Standard Time

Article thumbnail News Release

Volatus Aerospace Group Expands into Drone Cargo Market

Volatus Aerospace

Volatus Aerospace Group (“Volatus,” the “Company”) is pleased to announce that the Company has entered into an agreement with Avidrone Aerospace (“Avidrone”) for worldwide distribution rights of its fully autonomous, cargo delivery drones with payload capabilities ranging from 5lbs/2.3kg to 50lbs/23kg and ranges up to 100mi/160km. This agreement forms a mutually beneficial partnership by positioning both companies to take advantage of the drone package delivery market, expected to reach $4.40 billion by 2025 according to the 2021 Drone Package Delivery Global Market Report published by Research and Markets. “Through our partnership with Avidrone, we are excited to be able to offer fully-automated and commercialized cargo delivery solutions allowing us to provide equipment, solutions, and operator services to meet the needs of both civil and defence clients,” says Glen Lynch, Chief Executive Officer of Volatus. “While continuing to monitor expected regulatory changes and technology developments for last-mile deliveries in urban areas, our main focus is serving more immediate demands for cargo delivery opportunities to remote communities, heavy industrial sites, medical resupply, and offshore logistics.” “Our heavy-lift, fully-automated drone technologies have been developed specifically to target automated cargo delivery applications and are already in service with defence and industrial users globally,” says Scott Gray, Founder and CEO of Avidrone Aerospace. “Volatus well understands this rapidly growing market and has demonstrated the motivation, operational capabilities, and resources needed to connect vast customer applications to the systems we provide now and open opportunities for our future platforms with even greater payload, range and capabilities.” Volatus holds Transport Canada approval to conduct flights beyond visual line-of-sight (BVLOS) at various locations across Canada and commenced pilot training for BVLOS operations earlier this year. In addition, Partner Jet Inc., a strategic investment of Volatus and subject of a pending business combination transaction, has received a Special Flight Operations Certificate (SFOC) for BVLOS operations and an amended Canadian Transportation Agency License for cargo, allowing the group to offer commercial services with both manned and unmanned aircraft – a first in Canada. About Volatus Aerospace: Volatus Aerospace is a leading provider of integrated drone solutions. Operating a vast pilot network with offices throughout Canada, the United States, and South America, Volatus provides enterprise and industrial solutions including training, equipment sales & support, imaging & inspection services, drone cargo solutions, design & manufacture, and research & development. With a rapidly expanding network of strategic partnerships and acquisitions, Volatus is driving the full potential of UAV technologies around the world and shaping the industry of tomorrow. This news release includes certain forward-looking statements that are based upon the current expectations of management of Volatus Aerospace Corp. Forward-looking statements involve risks and uncertainties associated with the business of Volatus Aerospace Corp. and Avidrone and the environment in which their businesses operate. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking. For example, statements set out in this news release relating to the planned business activities, roadmap and timeline for Avidrone products, the anticipated benefits and potential market opportunities are all forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are outside of the control of Volatus Aerospace Corp, that could cause actual results or events to differ materially from current expectations. The business from Avidrone products may not evolve and grow as anticipated, products or services may not gain market acceptance or existing or changing regulatory requirements may delay or, in the worst case, eliminate the expected market opportunity. Except as required by law, Volatus Aerospace Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements. Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Volatus Technologies Andy Buck +1 514-447-7986 andy.buck@volatusaerospace.com Company Website https://volatusaerospace.com

November 16, 2021 05:14 PM Eastern Standard Time

Video Image
Article thumbnail News Release

Comcast Increases Fastest Xfinity Internet Speeds Across Oregon/SW Washington

Comcast Oregon / SW Washington

Comcast has announced increased speeds for its highest Xfinity Internet speed tier, Gigabit Pro, that will provide an extra boost for both current and new customers across Oregon/SW Washington. Effective immediately, Gigabit Pro speeds will increase from 2 gigabits-per-second (Gbps) upload and download – or symmetrical – speeds to 3 Gbps symmetrical speeds nationwide. Xfinity is the country’s largest Gigabit network, now delivering speeds up to 3 Gbps to residential customers. Gigabit Pro uses enterprise-grade, fiber-based ethernet technology to make it possible for Xfinity Internet customers to receive symmetrical multi-gigabit speeds to stream or game in 4K in multiple rooms throughout the home. “At Comcast we understand that high speed Internet connectivity is always top of mind for students, families and others who are still navigating the pandemic,” said Matt Quantz, Vice President of Xfinity Residential Marketing for Comcast in Oregon/SW Washington. “Our commitment to continuous Internet innovation – including speed increases and capacity and reliability enhancements – continues to make our customers’ connectivity experience better than it has ever been before.” This speed increase follows Comcast’s announcement in April of this year, of increased Internet speeds for customers. In addition, the company has continued to make progress toward the 10G (gigabits-per-second or Gbps) industry initiative, which leverages new standards and technology to dramatically increase speeds. In addition to delivering the fastest speeds, Comcast provides unmatched value to Xfinity Internet customers through: Superior WiFi coverage – WiFi coverage with the xFi Advanced Gateway that is WiFi 6-capable and can deliver speeds faster than a gig, and xFi Pod, which together creates a mesh network that reaches every corner of the home. Control connected devices – Using the Xfinity app, customers who lease an xFi Gateway have total control of their home network; manage device access, set parental controls, and pause WiFi. Advanced cybersecurity protection – xFi Advanced Security helps to protect all connected devices at the gateway level from malware and other cyber security threats. 4K streaming device with voice search – Xfinity Flex, a 4K streaming device with an award-winning voice remote to seamlessly watch and search for content from the Xfinity Stream app, Peacock, Netflix, Hulu, Prime, and other popular streaming services. Xfinity Mobile – Xfinity Internet customers can get Xfinity Mobile, which combines the nation’s best 5G network with the power to auto-connect to millions of Xfinity WiFi hotspots across the country. Starting at $45 for one line, the lowest entry price for 5G unlimited data in the market, unlimited pricing for Xfinity Mobile is $80 for two lines, $100 for three lines, and $120 for four lines ($30 per line). Peacock Premium and thousands of hours of free content – Peacock, NBCUniversal’s streaming service, delivering originals, libraries of hit TV shows like “The Office” and “Parks and Recreation,” plus films from Universal Pictures, Focus Features, DreamWorks Animation, Illumination and Hollywood’s biggest studios. Over the last decade, Comcast has invested nearly $30 billion to build an expansive, fiber-dense network that carries an immense amount of traffic and has demonstrated extraordinary performance throughout the pandemic. Comcast has doubled network capacity every 2.5 years to stay well ahead of demand and remains committed to investing in increased Internet connectivity. ABOUT COMCAST CORPORATION:Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Amy Keiter +1 503-407-9109 amy_keiter@comcast.com Company Website https://corporate.comcast.com/

November 16, 2021 08:20 AM Pacific Standard Time

Article thumbnail News Release

AppYea takes steps for Future Growth

Appyea

Provides the following letter to its shareholders from its Chairman Boris Molchadsky: "I am pleased with the progress AppYea/SleepX has been making this year. As part of the long terms objective, AppYea Inc. (OTCPINK: APYP) took the initial step to advance the prospects of the Company. As disclosed in our quarterly report yesterday to the OTC for the recently completed fiscal quarter, the reverse stock split, for which we are awaiting FINRA approval, is a proactive measure that we believe will better position us for success, and ultimately generate value for all of the Company’s stockholders. The ultimate aim is to raise our stock’s visibility within the investment community by improving long-term liquidity and creating a trading environment attractive to institutional investors in the hopes of broadening our shareholders. We are confident of the prospects of the anticipated commercialization of the SleepX DreamIT X3 in 2022". Mr. Molchadsky continued: “In conjunction with the corporate actions, AppYea has secured funding sources who we believe will asist the Company to restructure prior highly dilutive debt and providing the necessary capital to enable the Company to move forward on several fronts, including: 1. Closing of the merger between AppYea and SleepX—we are awaiting the required necessary regulatory approvals. 2. Completion of development and commencement of manufacturing the first product for snoring treatment. SleepX intends to start a pilot in December with a leading hardware manufacturer after withstanding the Company's endurance tests. 3. Preparation for starting clinical trials of the product for the treatment of Sleep Apnea. 4. Locating and acquiring synergetic technologies and broadening products variety in the sleeping and respiration field. Looking ahead, the primary focus of the Company is to ensure the long-term success of the Company by acting in the best interest of all of our shareholders. Thank you for your continued support and patience”. Legal Notice Regarding Forward-Looking Statements This release includes forward-looking statements. Such statements involve risks and uncertainties which could cause actual results to differ materially from those set forth herein. No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. Although APYP believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, unanticipated losses, financial condition and stock price, inability to carry out research, development and commercialization plans and other specific risks. APYP does not undertake any obligation to publicly update any forward-looking statement. Neither APYP nor SLEEPX are subject to the reporting requirements of the Securities and Exchange Commission under the Securities and Exchange Act of 1934 as amended. Contact Details AppYea Inc. Asaf Porat info@appyea.com Company Website http://www.appyea.com

November 16, 2021 09:09 AM Eastern Standard Time

Image
Article thumbnail News Release

Toplyne raises USD $2.5 million to help freemium businesses accelerate growth

Toplyne

Toplyne, a SaaS platform that enables product-led growth companies to increase their freemium user conversion rates, today announced US$2.5 million in funding by Sequoia Capital India’s Surge, Together Fund, and angel investors from Canva, Freshworks & Zoominfo. The genesis of Toplyne happened at Sequoia India when 2 out of the 3 founding team members of former investment advisors noticed that there was a fundamental shift happening in how modern software was being bought. Software buying decisions were no longer happening in the corner offices of high-rise buildings but rather in the bustling trenches of sales, product, engineering, design, amongst others. The most exciting modern SaaS companies (Zoom, Canva, Slack) were riding this wave of bottom-up software adoption embodying a philosophy called product-led growth (PLG). Come early 2021, Toplyne’s founders noticed that eight in ten early-stage SaaS founders were building their companies for PLG. And to top it all off, June 2021 saw the world’s largest SaaS company (Salesforce) announce its plan to rebuild itself in the image of the world’s pioneering PLG company (Slack). PLG had officially arrived. “Every decade, there has been a fundamental evolution in SaaS go-to-market strategy. The 2000s were the decade of the sales-led motion. The 2010s saw the evolution of inbound marketing as the default. We’re at the cusp of the third evolution in SaaS GTM strategy, and product-led growth (PLG) is going to be the default motion of the future” said Ruchin Kulkarni, Co-founder at Toplyne. The Toplyne team spent several months speaking with hundreds of revenue leaders at PLG companies across the spectrum - starting with early-stage companies and going all the way up to public market giants. The team discovered that sales in this environment is more difficult than ever before. While PLG opened the floodgates for new user signups, finding users who were likely to become paying customers was harder than ever. To sales teams, it almost felt like finding a needle in the haystack, since most PLG companies have a 1% to 5% free to paid user conversion rate. “ After speaking with hundreds of PLG companies, we realized most companies were flying blind. Moreover, even the very best had spent several quarters (if not years) & hundreds of thousands of dollars building complex internal tools which at the end of the day didn’t get the job done“ said Rishen Kapoor, Co-founder & CEO at Toplyne It's been five months since the company was founded and the team has rolled out the closed beta version of the product to its first customers - a spectrum of early-stage SaaS companies to mature PLG companies like Canva (quote below). The product is a plug-and-play platform that enables sales teams at PLG companies to identify and focus on the users and accounts that are most likely to convert. Toplyne does so by analyzing user behaviors within a product and determining which users have shown high intent to buy. Most importantly to sales teams, Toplyne can go live within minutes, without the need for favors from their internal engineering teams! Early customers like InVideo have seen a 2x increase in sales conversion rates - case study. “Millions of people around the world use Canva to achieve their goals – from high school students to small business owners and the Fortune 500, it’s important that we’re able to identify users where our premium subscriptions are the right fit and can add value to the way they’re using our platform. We’re looking forward to using Toplyne to effectively target and scale these efforts at our speed of growth while continuing to deliver value to our community of users across the globe.” said David Burson, Head of Product, Growth & Monetization at Canva. “Our product’s first version went live on Day 30 of the company’s existence when we onboarded our first customer - InVideo. When we saw their sales conversion rate double in just a few days, we knew we were onto something.” said Rohit Khanna, Co-founder at Toplyne and former VP-Product at Clevertap. With a mission to “help product-led companies bring delight to their users” Toplyne is committed to becoming a one-stop-shop for PLG businesses to solve their unique problems. Whether it’s bubbling up the most engaged users for sales calls or building plug-and-play features to help traditional companies transition to product-led, the company’s goal is to be in service of the end-users of software. "Founders and builders of product-led growth companies face the challenge of sales prioritization every day! Zeroing in on users who are most likely to pay is key to future-proofing your success. The Toplyne team’s experience in this sector, both as investors and entrepreneurs, convinced us that they’re the right team to solve this problem, and we're thrilled that Together Fund can help them scale." said Girish Mathrubootham, CEO & Founder, Freshworks (NASDAQ: FRSH) Toplyne is also backed by several prominent angel investors including Arjun Pillai (SVP, Strategic Growth, ZoomInfo), Sahil Lavingia (Gumroad), Shashank Kumar & Harshil Mathur (Razorpay), Kunal Shah (CRED), and Gaurav Munjal (Unacademy). About Toplyne Toplyne is a technology startup that lets sales teams at product-led SaaS companies increase conversions within their freemium user base. The company was founded in June 2021 by Rishen Kapoor and Ruchin Kulkarni who were earlier with Sequoia India and the former VP of Products at Clevertap, Rohit Khanna. To learn more, visit www.toplyne.io. About Surge Surge is Sequoia Capital India’s rapid scale-up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, a global curriculum, and support from a community of exceptional mentors and founders. The program’s goal is to supercharge early-stage startups and give founders an unfair advantage, right out of the gate. For more information on Surge, visit www.surgeahead.com. Contact Details Toplyne Ruchin Kulkarni ruchin@toplyne.io Company Website https://www.toplyne.io/

November 16, 2021 08:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Neighborhood Sun and Ameresco Partner to Bring Nation’s Largest Community Solar Project 100 Percent Dedicated to Low- and Moderate-Income (LMI) Residents to Montgomery County, Maryland

Neighborhood Sun

The nation’s largest community solar farm to be 100 percent dedicated to low and moderate-income (LMI) residents is coming to Montgomery County. Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, and Neighborhood Sun, a community solar company making solar accessible to everyone through its advanced community solar software platform, Sun Engine (™), in partnership with Montgomery County, today announced the first-of-its-kind solar farm bringing clean energy to thousands of low- and moderate-income Montgomery County residents. The project’s partners, along with Montgomery County Executive Marc Elrich and other County representatives, launched the project’s subscription campaign today at an event at the County Executive Office Building in Rockville. Community solar farms enable access to affordable, clean energy for residents who are unable to build their own solar systems. Anyone who receives an electric bill can benefit including renters, residents in multi-unit buildings, municipalities, non-profits and businesses that don’t own their roofs. Through the subscription program for this new project, Montgomery County residents who are on the utility Pepco and who qualify as LMI are eligible to receive 25 percent savings on their electricity costs every month. Subscriptions are now available here. The array is sited on the capped Oaks Landfill in Gaithersburg, transforming underutilized land into an environmental asset that brings local jobs and clean, renewable energy to the community. The project, a total of 6 MW, is divided into three 2 MW arrays, and will generate approximately 11.7 million kilowatt hours annually. Array 1 is for use by the County and under a power purchase agreement, providing the County government clean, renewable energy at no upfront cost. Arrays 2 and 3, each with 2 MW, will be the community solar project with 100% of the generated electricity provided to low-to-moderate income residents. “It should not be a surprise to anyone that Montgomery County is creating the nation’s largest community solar farm that will create energy directed to low- and moderate-income residents,” said County Executive Marc Elrich. “Our Climate Action Plan calls for us to eliminate 100 percent of carbon emission by 2035 and it is projects like solar farms that will help us obtain this goal. I am very thankful to Neighborhood Sun and Ameresco, Inc for helping us create this community solar farm. And I am proud of the work of the Department of General Services for delivering another solar project in Montgomery County with 18 completed and four under construction. This project is not only what is good for the environment, but it also serves Montgomery County families who need help with their energy costs as well.” “The equitable and just deployment of renewable energy in the U.S. is critical to expanding our clean energy economy and addressing environmental injustice,” said Gary Skulnik, CEO, Neighborhood Sun. “As a Montgomery County business, we are especially pleased with the county’s support for expanding energy access into underserved communities.” This project is expected to help the County reach its goal of eliminating greenhouse emissions by 2035 and the state of Maryland’s goal to generate 50 percent of its electricity from renewables by 2030. The energy produced annually by the arrays dedicated to community solar is expected to be approximately 7.9 million kilowatt-hours. That is equal to preventing 5,599 metric tons of CO 2 from being released each year, which is equivalent to taking 1,218 cars off the road for one year and preventing 6,188,031 pounds of coal burned. “This project blows away by an order of magnitude any other 100% LMI project in the state of Maryland, and is a testament to Neighborhood Sun’s leading role in bringing energy justice to the state,” Skulnik added. Project construction is expected to begin in early 2022. “This project provides not only energy cost savings to the County and its participating low-to-moderate-income residents, but also leverages the use of an under-utilized land asset that will produce revenue for the County, and reduce greenhouse gas emissions, contributing to its carbon neutrality goal,” said Ameresco Senior Vice President Jon Mancini. “Through this initiative, the County will demonstrate continued commitment to sustainability that will deliver economic and environmental benefits to the Montgomery County Community for many years to come.” The project received a grant from the Maryland Energy Administration. “The Maryland Energy Administration (MEA) was pleased to provide for this project over $950,000 in grant funding through MEA's Low-to-Moderate Income Community Solar Program, which provides incentives to reduce the cost of electricity generated from clean energy to Marylander's, with income limitations that result in energy costs being a disproportionate portion of their household expenses,” said Mary Beth Tung, Director, MEA. Regulators in Maryland recently voted to expand the capacity of the state’s community solar program as well as improve access for LMI customer participation in the state’s Community Solar Pilot Program. According to Wood Mackenzie, community solar is expected to exceed 900 MW of annual capacity in 2021. Maryland ranks in the Top 10 states in community solar according to Q2 2021 installations. Maryland-based Neighborhood Sun currently manages nearly 80 megawatts of community solar projects, enough solar to power more than 10,000 homes. About Neighborhood Sun Neighborhood Sun is committed to bringing the promise of solar to everyone, not just the select few. The company is a national leader in expanding solar access to underserved communities to address energy equity. Through its SunEngine™ advanced software platform, it offers a flexible, secure and fully transparent platform for solar developers or asset owners, plus a simplified enrollment experience for customers. For more information, go to www.neighborhoodsun.solar. About Ameresco, Inc. Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com. The announcement of our entry into a power purchase agreement is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s total assets in development or operation. This project was included in our previously reported assets in development as of September 30, 2021. Contact Details Wilkinson + Associates Mrs Leah F Wilkinson +1 703-307-3964 leah@wilkinson.associates Company Website https://neighborhoodsun.solar

November 15, 2021 05:07 PM Eastern Standard Time

1 ... 532533534535536 ... 646