Security News

Due to COVID-19, the global BSS market is estimated to experience a slowdown in the short term, whereas the long-term outlook remains positive. "It is evident that BSS can significantly drive efforts to help organizations address key concerns such as introducing digital services and enabling customers to personalize their service experience," said Vikrant Gandhi, Senior Industry Director, Information & Communication Technologies at Frost & Sullivan.

Across its six membership levels, the FiRa Consortium has recently added 21 new members, each bringing expertise in support of expanding the use of UWB technology to establish an interoperable UWB-enabled ecosystem. Fabien Courtiade, OEM Key Partners Director, Thales and new FiRa Consortium Board member, says, "Thales as a group is delighted to join the FiRa Consortium to contribute to the development of the UWB ecosystem and foster the adoption of unprecedented accurate user experiences such as indoor and vehicle positioning, information transfer or digital key."

HID Global announced that it has acquired Access-IS to broaden HID Global's technology portfolio, accelerate its vertical market expansion, and add new product offerings that help meet customers' evolving needs for integrated, digitized solutions. From barcode reading and image processing for document scanning to NFC and EMV for mobile ticketing, Access-IS has brought to market a range of devices that have been deployed worldwide in major cities and countries across a number of key verticals including finance, transportation and government.

Deep Instinct is continuing its strategic expansion into EMEA, contracting with T-Systems to utilize and distribute Deep Instinct's protection to its customers. Deep Instinct also signed strategic partnership agreements with Cyber Monks and Spinnakar to distribute Deep Instinct's deep learning-based solution across the region.

YJ Jang, Riiid's CEO, said, "Riiid successfully completed domestic funding amid a slower investment environment due to the unprecedented COVID-19 pandemic and has made significant progress in negotiating with overseas financial investors to accelerate global expansion." To support the effort, Riiid Labs, the global arm of Riiid, has been established in Silicon Valley to solidify the company's position as an AI technology company in the global education market.

Led by Kleiner Perkins with participation from existing investors including Upfront Ventures, the new capital will be used to accelerate Open Raven's growth through expansion of key functions including engineering, customer support, sales and marketing. "Unlike legacy solutions like DLP and CASB, Open Raven solves for modern complexity with a platform purpose-built for the massive data exposure issue."

INKY Technology Corporation announced the company's $20 million Series B round of funding, led by global venture capital and private equity firm Insight Partners, to accelerate enterprise adoption, global expansion and its innovation roadmap. The investment comes as INKY is experiencing rapidly accelerating adoption across large, global enterprises.

Aqua Security, the market leader in protecting container-based, serverless and cloud native applications, announced that it has closed a Series D round of $30M led by Greenspring Associates, with participation by Aqua's existing investors - Insight Partners, Lightspeed Venture Partners, and TLV Partners. This investment brings Aqua's total venture funding raised to more than $130M. "Aqua has made impressive strides building its customer base and establishing itself as a market leader in securing cloud native applications," said Hunter Somerville, General Partner at Greenspring Associates.

Equinix, the global interconnection and data center company, announced one of its largest expansions of Equinix Cloud Exchange Fabric in seven new EMEA markets to help global businesses simplify hybrid and multicloud infrastructures. In response to this market shift, Equinix is extending its ECX Fabric service in EMEA to help digital businesses simplify hybrid multicloud deployments and expand their global interconnection opportunities on Platform Equinix®.

CoSoSys, a leading provider of Data Loss Prevention solutions for security and compliance, announced that it had secured a strategic investment from Turn/River Capital, a technology-focused growth and private equity fund. The investment will be used to accelerate product development and enterprise market expansion for CoSoSys' flagship product, Endpoint Protector, which is consistently ranked as the top solution for multi-OS enterprise organizations.