Author: admin

Blackwall has unveiled a €45m Series B financing round led by Dawn Capital, a prominent B2B investor in Europe.The funding round saw contributions from existing investors including MMC. This investment will primarily be used to double Blackwall’s workforce and accelerate its expansion into the U.S. and Asia-Pacific regions, while also strengthening its global channel partnerships.At its core, Blackwall is dedicated to defending web ecosystems from malicious automated threats, a pressing issue given that around 50% of all global web traffic originates from bots, with two-thirds being harmful. The company’s services are crucial for SMBs, which are targeted by 43% of all…

CaixaBank, a renowned financial institution, is known for integrating cutting-edge technology into its services. The bank has recently introduced a novel service aimed at enhancing environmental responsibility among its corporate clients.The motivation behind the new product is to provide a robust tool for businesses, from SMEs to large corporations, to verify their carbon emissions. This initiative builds on the existing capabilities of CaixaBank’s carbon footprint calculator, adding a critical verification step that aligns with global environmental standards.CaixaBank has established itself as a pioneer in sustainability within the financial sector. Its efforts are centered around providing clients with tools and resources…

A judge in Singapore granted bail to three men suspected of deceiving suppliers of server computers that may contain Nvidia chips affected by U.S. export rules that bar the sale of them to certain countries, as a route to halting them being sold to organizations in China. The move comes nearly two weeks after the three men in the city-state were charged with smuggling Nvidia chips and committing fraud against Dell and Super Micro by falsely stating where the servers would be located.   Singapore prosecutors said the fraud case involved servers provided by Singaporean companies and then moved to Malaysia,…

AI-powered image generators, which are at the center of a number of copyright lawsuits against AI companies, are frequently trained on massive amounts of data from public websites. Most of these companies argue that fair use doctrine shields their data scraping and training practices. But many copyright holders disagree.  That’s why some startups and firms developing image generators are trying a different tack: Training generators exclusively on licensed content. New York and Tel Aviv-based Bria, founded in 2023 by entrepreneurs Yair Adato and Assa Eldar, is one of these. Bria pays for images from around 20 partners, including Getty Images, and uses…

360 Privacy, a digital executive protection platform, has secured a significant financial boost with a $36m growth equity investment.FTV Capital, renowned for its keen investment focus across the enterprise technology spectrum, has chosen to support 360 Privacy’s strategic expansion efforts.The funding will primarily facilitate the expansion of 360 Privacy’s engineering and revenue teams. Additionally, it aims to accelerate technological advancements and product innovation. This strategic infusion of capital is expected to bolster the company’s capacity to deliver top-tier customer service and enhance security measures for organizations and their executives.360 Privacy stands at the intersection of cybersecurity and executive safety, offering…

WASHINGTON (AP) — A coalition of Democratic-led states is challenging the Trump administration’s sweeping layoffs across the Education Department, saying it amounts to an illegal dismantling of an agency created by Congress.In a federal lawsuit filed Thursday in Massachusetts, 20 states and Washington, D.C., say the layoffs are so severe that the department “can no longer function, and cannot comply with its statutory requirements.”It alleges the cuts will result in a loss or delay of federal money for public schools, and will leave the agency unable to administer college financial aid or enforce civil rights laws at schools, among other…

Lloyd’s of London coverholder, Kita, a specialist InsurTech focused on carbon insurance, has announced its expansion into Australia.This move builds upon its existing coverage for buyers and investors domiciled in the UK, USA, Canada, Switzerland, Singapore, and the EU/EEA, according to FF News.Kita’s expansion is driven by the increasing demand for carbon market solutions in the APAC region.With Australia emerging as a key player in the carbon markets, the company aims to provide critical insurance products that mitigate risks and facilitate investment in carbon projects.The firm operates at the intersection of insurance and carbon markets, offering a range of bespoke…

Pentera, the industry leader in automated security validation, has successfully secured a $60m Series D funding round.The round was led by Evolution Equity Partners, with significant participation from Farallon Capital Management. This recent financial injection brings Pentera’s total funding to a substantial $250m.Pentera is at the forefront of addressing the evolving challenges in cybersecurity, particularly in automated security validation. The company’s platform is designed to emulate real-world adversarial attacks, enabling organizations to continuously validate and strengthen their defenses against the most current and sophisticated threats.The newly acquired funds are earmarked for several ambitious initiatives. Pentera plans to accelerate its research…

Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, an AI-native claims management technology company, have announced a strategic partnership aimed at modernising claims payouts.The collaboration comes at a time when insurers are under pressure to upgrade their claims and payment infrastructure to enhance efficiency and compliance, according to FF News.The partnership integrates Five Sigma’s claims management platform, which leverages AI to automate and streamline claims handling, with Vitesse’s real-time payment infrastructure.This combination enables insurers, managing general agents (MGAs), and third-party administrators (TPAs) to automate claims payments, improve claimant experience, and ensure regulatory compliance.Five Sigma’s…

Australia’s financial crime compliance framework is set for significant updates as the Australian Transaction Reports and Analysis Centre (AUSTRAC) rolls out a new set of proposals aimed at refining the country’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) rules.According to Napier AI, these changes follow the AML/CTF Amendment Act 2024 and are designed to align with global standards set by the Financial Action Task Force (FATF).Under the new consultation, AUSTRAC plans to streamline the AML/CTF rules into two main categories: General Rules, which cover core AML/CTF obligations, and Exemption Rules, which address specific exemptions. This restructuring is intended to simplify the…