NUVIA RAISES $240M SERIES B FUNDING AS IT ACCELERATES PLANS TO DELIVER INDUSTRY LEADING CPU PERFORMANCE TO THE DATA CENTER

Series B Investment Round to Provide Runway to First Silicon for Orion SoC

SANTA CLARA, Calif., Sept 25 (Bernama-GLOBE NEWSWIRE) -- NUVIA, a leading-edge silicon design company, today announced the close of its Series B funding round, raising $240M. The funding round was led by Mithril Capital in partnership with Sehat Sutardja and Weili Dai (founders of Marvell Technology Group), funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC., and Temasek, with additional participation from Atlantic Bridge, Redline Capital, Capricorn Investment Group, Dell Technologies Capital, Mayfield, Nepenthe LLC and WRVI Capital. The closure of NUVIA’s Series B round builds on a $53M Series A round, raised in November 2019. NUVIA was founded in February 2019 by John Bruno, Manu Gulati and Gerard Williams, with the vision to create the world’s leading server processor.

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NETSFERE BRINGS THE POWER OF SECURE COMMUNICATION TO THE WORKPLACE BY ENABLING ENCRYPTED GROUP VIDEO CALLING AND REAL-TIME COMMUNICATION TOOLS ON ITS MESSAGING PLATFORM

Company unveils its most advanced product update with secure, regulatory compliant communications tools that enable instantaneous, contextual team collaboration while reducing the need for formal, time-consuming meetings

CHICAGO, Sept 23 (Bernama-GLOBE NEWSWIRE) -- NetSfere, an award-winning secure mobile messaging service today announced its most advanced product update with the launch of encrypted group video and voice calling and real-time collaboration for mobile and desktop. The new features are designed to enhance team collaboration and drive workplace productivity through a more contextual, seamless communications experience with voice, video and text messaging, while allowing the enterprise to maintain control and regulatory compliance.

“NetSfere was built from the ground up for the enterprise with a focus on three things – security, encryption and enterprise control,” said Anurag Lal, President and CEO. “Popular consumer-built messaging apps like Slack, Skype and WhatsApp have set the standard for mobile communications features, but they were never built with enterprise-security and control in mind. By adding new collaboration options to NetSfere’s platform offerings, we are now able to provide enterprises with the tools they need to optimize their workforce to be more productive without compromising on security.”

NetSfere is available globally and also offered in partnership with Duetsche Telekom GmbH., one of the world’s leading integrated telecommunications companies, and with NTT Ltd, a global information communications & technology service provider.

“We have been partnered with NetSfere for several years to offer robust and secure messaging to our customers as part of the Deutsche Telekom portfolio of ICT products and services,” said Alexis Raftopoulos Head of Sales Mobile Enterprise Solutions at Deutsche Telekom Business Solutions. “The addition of encrypted group video calling and screen sharing capabilities further advances NetSfere’s commitment to provide its users with a complete, secure mobile messaging experience that improves workforce collaboration and productivity. We’re excited about bringing these capabilities to our customers and other global organizations.”

“NTT Ltd. is committed to helping enterprises realize their digital workplace transformation. Through this strategic partnership with NetSfere, we are taking the secure mobile messaging experience to the next level for enterprise users by providing a single encrypted platform for text, voice and video to communicate and collaborate,” said Danny Wong, Head of Sales of NTT Ltd. in Singapore. “This is even more essential in industries such as financial services, healthcare and public sector to ensure business continuity in a secure and compliant remote working environment, with uninterrupted service delivery to their clients in the new normal.”

Raúl Castañón-Martínez, Senior Analyst for Workforce Collaboration at 451 Research, part of S&P Global Market Intelligence division, said, “Nearly six months into the COVID-19 pandemic, several trends highlighting the long-term impact for the workplace communications are beginning to emerge. Our Voice of the Enterprise: Coronavirus Flash Survey June 2020 highlights the need for secure communications and collaboration technologies with high priority for information security as a result of the outbreak. Mobile messaging provides distinct capabilities that are particularly relevant for mobile and frontline workers. Furthermore, privacy and security capabilities are an important differentiation, particularly for verticals with strict compliance requirements.”

According to Gartner in the Eight Steps for Modernizing Employee Communications in the Digital Workplace, “confusing technology options are causing incompatible or conflicting options, which can derail efforts to modernize the employee experience around internal communications” and  “internal communication is often treated as a one-way publishing exercise (due to mounting frustration with email and aging intranets), rather than an opportunity to have a continuous dialogue among and with employees.” Gartner recommends to “prioritize internal communications by treating it as a strategic pillar in your digital workplace program. Dedicate time, resources and funding to ensure that it shifts from a stand-alone effort to one that complements other digital workplace priorities, such as digital dexterity.”

NetSfere’s new secure collaboration features include:

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Post-COVID-19: Korean pneumatic parts supplier, KCC strategises dominating future market

KUALA LUMPUR, Sept 21 -- KCC Co Ltd, a pneumatic parts supplier in Korea has embarked on implementing an aggressive business strategy to dominate the future market amid the COVID-19 pandemic.

This follows the implementation of ‘Materials, Parts, and Equipment 2.0’ policy by the Korean government, in order to diversify the supply network of the manufacturing industry in the post-pandemic era.

According to a statement, the policy is aimed at fostering domestic businesses in the fields of materials, parts, and equipment, which serve as a basis for finished products.

KCC's B10 Series from the secondary battery production line is an essence of state-of-the-art technologies developed to meet the latest trend.

The pneumatic/hydraulic cylinders, grippers, pneumatic valves, pneumatic purification devices, and vacuum pumps and pads included in B10 Series are products developed in response to the secondary battery and bipolar materials fields.

KCC’s key products include pneumatic/hydraulic cylinders applied to the transportation system, grippers that function like human fingers and pneumatic solenoid valves to regulate the actuator operation by controlling the supplied air.

These products are applied to mechanical, electronic, semiconductor or steel facility transportation lines in factories, power generation facilities, and system facilities for steel making, engineering, construction, and tyre manufacturing.

KCC began supplying overhaul materials to Yeongheung Power Division Units 3 in 2011. It then exhibited products at the power generation industry hall of Seoul International Electric Fair in 2013.

-- BERNAMA

Jasmeet Gandhi serves as CleverTap Head of Business Development and Alliances

KUALA LUMPUR, Sept 17 -- CleverTap, the leading AI-powered customer lifecycle and user retention platform, has appointed Jasmeet Gandhi as Head of Business Development and Alliances. 

According to a statement, he will be based out of CleverTap’s Mumbai offices.

He brings over two decades of product marketing, sales and strategic alliances experience which he will leverage as he builds on CleverTap’s momentum in the competitive mobile marketing technology market.

“As the market continues to evolve during this time of change, CleverTap’s unique ability to foster individualised experiences and convert those experiences to lifetime value is key to long-term success for all organisations, both large and small,” noted Gandhi.

Gandhi was a part of the founding team at Rediff.com where he spent 14 years building and managing product marketing, sales, brand marketing, and strategic alliances.

“As the market continues to evolve during this time of change, CleverTap’s unique ability to foster individualised experiences and convert those experiences to lifetime value is key to long-term success for all organisations, both large and small,” noted Gandhi.

Gandhi was a part of the founding team at Rediff.com where he spent 14 years building and managing product marketing, sales, brand marketing, and strategic alliances.

As Head of Services at Nokia, he managed the Nokia app store and built the app developer ecosystem, along with other services like Nokia Music and Maps.

CleverTap helps digital-first brands maximise the value of their mobile apps by personalising customer experiences using real-time behavioural data and predictive modelling. 

-- BERNAMAc

Tech Data inks agreement to buy Innovix Distribution

KUALA LUMPUR, Sept 1 -- Tech Data has announced the signing of a definitive agreement to acquire Innovix Distribution, a leading technology distributor.

The agreement will enable the growth of Tech Data’s presence across the Asia Pacific region and strengthen its end-to-end solutions capabilities.

The acquisition is subject to customary closing conditions and expected to close during the third quarter of Tech Data’s fiscal year 2021.

The addition of Innovix will accelerate Tech Data’s growth in next-generation technologies, including within cloud and security, as well as endpoint offerings across the region, according to a statement.

Additionally, the acquisition will expand Tech Data’s business in key geographies, including Hong Kong, Malaysia and Singapore.

“Innovix is a leading regional IT distributor with an expansive range of IT products, solutions and services that will enhance our vendor portfolio, increase our customer base and strengthen our end-to-end solutions capabilities,” said Tech Data (Asia Pacific) president, Jaideep Malhotra.

Tech Data is ranked 90 on the Fortune 500® and has been named one of Fortune’s World’s Most Admired Companies for 11 straight years.

For details, visit www.techdata.com

-- BERNAMA