KUALA LUMPUR, Nov 19 -- Auth0, the identity platform for application builders has revealed data insights showing the staggering amount of credential stuffing attacks attempted on its platform on a daily basis.
It detected attacks from more than 50,000 unique IP addresses every day, reflecting the growing sophistication and frequency of cybercrime, while credential stuffing attempts are constantly multiplying, with absolutely no slowdown in sight, according to a statement.
The sheer number of attempts is due largely to the ease and inexpensive manner in which credential stuffing attacks can be orchestrated. Getting access to breached passwords is the first step for attackers, and unfortunately, there are billions openly available on the Internet.
Between July and September 2019 alone, Auth0 determined that during a credential stuffing attack, traffic for a particular website might surge as much as 180x the usual volume, with traffic related to the attack itself accounting for 70 per cent of overall activity.
“Breached Password Detection and MFA functionality are the critical barriers for preventing credential stuffing attacks. We are continuously improving our features to detect and prevent, and will be rolling out new functionality to have even greater visibility into attacks,” said Auth0 CTO and co-founder, Matias Woloski.
Breached Password Detection with its internal database of more than one billion breached passwords, enables customers to block user accounts that try to login with compromised information and only grants access when the password has been reset.
Meanwhile, Multifactor Authentication (MFA) prevents account takeovers, whether from a credential stuffing attack or something else. Attackers would need to access not only a set of breached credentials used across accounts, but also the device used for the second factor to compromise an MFA-protected account.
More information at https://auth0.com.
-- BERNAMA
Friday, November 29, 2019
Tuesday, November 26, 2019
JCRA Group acquisition expands Chatham Financial´s presence in Europe
KUALA LUMPUR, Nov 13 -- Chatham Financial has acquired the JCRA Group, significantly expanding the firm’s presence in Europe to create a global powerhouse in financial risk management solutions.
“One of Chatham’s purposes is to help make markets transparent, accessible and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Chatham Financial chief executive officer (CEO), Clark Maxwell.
Chatham and JCRA specialise in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions and corporate clients.
The merged firm will lead the industry in capital market expertise, transaction volume, and technology to provide clients access to the data, tools and advice they need to manage financial risk.
With decades of experience helping clients manage capital market risk, the calibre of the Chatham and JCRA teams and their deep expertise will create an unparalleled advisory practice.
JCRA CEO, Jackie Bowie will join Chatham as Co-Head of Europe, according to a statement.
The integrated firm will continue to be independent and 100 per cent employee-owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow and Kennett Square, Pennsylvania.
More information at https://www.chathamfinancial.com.
-- BERNAMA
“One of Chatham’s purposes is to help make markets transparent, accessible and fair for all market participants. We’re excited about how, together with JCRA, we can have an even greater impact,” said Chatham Financial chief executive officer (CEO), Clark Maxwell.
Chatham and JCRA specialise in providing debt and derivatives solutions to commercial real estate, private equity, infrastructure, financial institutions and corporate clients.
The merged firm will lead the industry in capital market expertise, transaction volume, and technology to provide clients access to the data, tools and advice they need to manage financial risk.
With decades of experience helping clients manage capital market risk, the calibre of the Chatham and JCRA teams and their deep expertise will create an unparalleled advisory practice.
JCRA CEO, Jackie Bowie will join Chatham as Co-Head of Europe, according to a statement.
The integrated firm will continue to be independent and 100 per cent employee-owned, serving clients from offices in London, Singapore, Melbourne, Toronto, Denver, Krakow and Kennett Square, Pennsylvania.
More information at https://www.chathamfinancial.com.
-- BERNAMA
WORLD'S BEST AIRLINES FOR 2020
PERTH, Nov 25 (Bernama) -- AirlineRatings.com, the world's only safety and product rating website has announced Air New Zealand as its Airline of the Year for 2020.
Air New Zealand is being honored for the sixth time for its record-breaking performance, multi award winning in-flight innovations, operational safety, environmental leadership and motivation of its staff. These factors have stamped the airline as a clear industry leader.
The AirlineRatings.com Airline Excellence Awards, judged by seven editors with over 200 years' industry experience, combine major safety and government audits, with 12 key criteria that include: fleet age, passenger reviews, profitability, investment rating, product offerings, and staff relations.
www.AirlineRatings.com Editor-in-Chief Geoffrey Thomas said: "In our analysis Air New Zealand came out number one in most of our audit criteria, which is an outstanding performance when it is up against carriers with more resources and scale.
"Air New Zealand's commitment to excellence in all facets of its business starts at the top with outstanding governance and one of the best executive teams in aviation through to a workforce that is delivering consistently to the airline's strategy and customer promise," Mr Thomas says. Air New Zealand Acting Chief Executive Officer Jeff McDowell says winning the award for a record sixth time is a testament to the efforts of the airline's 12,500 staff who are focused on delivering a world class uniquely Kiwi experience to its customers every day.
Air New Zealand also won Best Premium Economy, while Singapore Airlines won Best First Class and Qatar Airways Best Catering and Best Business Class.
Qantas, won Best Domestic Airline Service and Best Lounges.
Virgin Australia won Best Cabin Crew and Best Economy Class, Emirates; Best In-Flight Entertainment, Cebu Pacific; Most Improved Airline and VietJet Air; Best Ultra Low-Cost airline.
Excellence in Long Haul travel: Delta Air Lines (Americas), Lufthansa (Europe), Emirates (Middle-East/Africa) Cathay Pacific Airways (Asia)
Best Low-Cost Airline; JetBlue (Americas), Wizz (Europe) Air Arabia, (Middle-East Africa) and AirAsia / AirAsia X (Asia/Pacific).
AirlineRatings.com also named its Top Twenty Airlines:
Air New Zealand, Singapore Airlines, All Nippon Airways, Qantas, Cathay Pacific, Emirates, Virgin Atlantic, EVA Air, Qatar Airways, Virgin Australia, Lufthansa, Finnair, Japan Airlines, KLM, Korean Airlines, Hawaiian Airlines, British Airways, Alaska Airlines, Delta Air Lines and Etihad Airways.
About AirlineRatings.com: http://www.airlineratings.com/about-us.php
SOURCE: Airline Ratings Pty Ltd
--BERNAMA
Air New Zealand is being honored for the sixth time for its record-breaking performance, multi award winning in-flight innovations, operational safety, environmental leadership and motivation of its staff. These factors have stamped the airline as a clear industry leader.
The AirlineRatings.com Airline Excellence Awards, judged by seven editors with over 200 years' industry experience, combine major safety and government audits, with 12 key criteria that include: fleet age, passenger reviews, profitability, investment rating, product offerings, and staff relations.
www.AirlineRatings.com Editor-in-Chief Geoffrey Thomas said: "In our analysis Air New Zealand came out number one in most of our audit criteria, which is an outstanding performance when it is up against carriers with more resources and scale.
"Air New Zealand's commitment to excellence in all facets of its business starts at the top with outstanding governance and one of the best executive teams in aviation through to a workforce that is delivering consistently to the airline's strategy and customer promise," Mr Thomas says. Air New Zealand Acting Chief Executive Officer Jeff McDowell says winning the award for a record sixth time is a testament to the efforts of the airline's 12,500 staff who are focused on delivering a world class uniquely Kiwi experience to its customers every day.
Air New Zealand also won Best Premium Economy, while Singapore Airlines won Best First Class and Qatar Airways Best Catering and Best Business Class.
Qantas, won Best Domestic Airline Service and Best Lounges.
Virgin Australia won Best Cabin Crew and Best Economy Class, Emirates; Best In-Flight Entertainment, Cebu Pacific; Most Improved Airline and VietJet Air; Best Ultra Low-Cost airline.
Excellence in Long Haul travel: Delta Air Lines (Americas), Lufthansa (Europe), Emirates (Middle-East/Africa) Cathay Pacific Airways (Asia)
Best Low-Cost Airline; JetBlue (Americas), Wizz (Europe) Air Arabia, (Middle-East Africa) and AirAsia / AirAsia X (Asia/Pacific).
AirlineRatings.com also named its Top Twenty Airlines:
Air New Zealand, Singapore Airlines, All Nippon Airways, Qantas, Cathay Pacific, Emirates, Virgin Atlantic, EVA Air, Qatar Airways, Virgin Australia, Lufthansa, Finnair, Japan Airlines, KLM, Korean Airlines, Hawaiian Airlines, British Airways, Alaska Airlines, Delta Air Lines and Etihad Airways.
About AirlineRatings.com: http://www.airlineratings.com/about-us.php
SOURCE: Airline Ratings Pty Ltd
--BERNAMA
Kyriba records growth for new clients in APAC
KUALA LUMPUR, Nov 26 -- Kyriba, the global leader in cloud treasury and finance solutions has announced increased demand from multinational organisations and corporations in the Asia Pacific region (APAC).
Kyriba has doubled the number of clients in the region in the past 12 months as compared to the same period in Q3 last year, according to a statement.
This rapid growth is attributed to the need for global, real-time visibility of cash positions, and established expertise in international markets, giving APAC organisations the ability to expand their operations while facing market headwinds.
“We are rapidly growing in our key markets, Japan and Singapore, and we now have a stronger customer base in China and India, with additional traction in Malaysia and Indonesia,” said Kyriba managing director (APAC), JaeSon Kim.
“We are innovating solutions to unlock value for our clients, which puts them in a strategic position to grow even during times of global instability.”
Among notable multinationals which adopted Kyriba as part of their digital transformation objectives in 2019 include Isuzu Motors; DiDi and HAND (China); Uno Minda and Tech Mahindra (India); InstaReM (Singapore) and, Eisai and Suntory Beverage & Food (Japan).
Kyriba is attending C-Engage on Nov 26 in Singapore. Meet the team and learn more about how Kyriba is helping CFOs and CIOs with digital transformation in APAC. More information at www.kyriba.com.
-- BERNAMA
Kyriba has doubled the number of clients in the region in the past 12 months as compared to the same period in Q3 last year, according to a statement.
This rapid growth is attributed to the need for global, real-time visibility of cash positions, and established expertise in international markets, giving APAC organisations the ability to expand their operations while facing market headwinds.
“We are rapidly growing in our key markets, Japan and Singapore, and we now have a stronger customer base in China and India, with additional traction in Malaysia and Indonesia,” said Kyriba managing director (APAC), JaeSon Kim.
“We are innovating solutions to unlock value for our clients, which puts them in a strategic position to grow even during times of global instability.”
Among notable multinationals which adopted Kyriba as part of their digital transformation objectives in 2019 include Isuzu Motors; DiDi and HAND (China); Uno Minda and Tech Mahindra (India); InstaReM (Singapore) and, Eisai and Suntory Beverage & Food (Japan).
Kyriba is attending C-Engage on Nov 26 in Singapore. Meet the team and learn more about how Kyriba is helping CFOs and CIOs with digital transformation in APAC. More information at www.kyriba.com.
-- BERNAMA
Saturday, November 23, 2019
´World´s Best Electrician´ title goes to Australian Tom Matic
KUALA LUMPUR, Nov 22 -- IDEAL® Electrical has concluded its fourth annual IDEAL National Championship by crowning the first-ever International Champion at Disney’s® Coronado Springs Resort in Lake Buena Vista, Florida.
Tom Matic from Melbourne, Australia took home the title of ‘World’s Best Electrician’ and a brand new RAM® 1500 Pickup Truck.
Matic won after competing against professional electricians from the United States (US), Canada and China in an intense hour-long competition that required the competitors to complete four challenges – one reflecting each country’s unique electrical installation methods.
The inaugural international competition took place following three days of competition, including Professional, Student/Apprentice, Contractor and School Challenge categories.
Reigning two-time Professional Individual Champion and two-time Professional Team Champion, Greg Anliker, proved he was still at the top of his game, taking home his third Professional Individual Champion title and US$75,000. (US$1 = RM4.17)
Jordan Finfrock from Flatwoods, Kentucky took the top spot in the Student/Apprentice Individual category with a prize of US$30,000.
Kellenberger Electric’s Clay Noga and Keith Runkle (Kellenberger 2) clinched first place for the Contractor Challenge while Minneapolis JATC’s Angela Bissonnette-Penna and Jacob Thoennes earned first place in the North American School Challenge.
About four years ago, IDEAL Electrical established the IDEAL National (US) Championship to showcase the skills and professionalism of today’s electricians.
-- BERNAMA
Tom Matic from Melbourne, Australia took home the title of ‘World’s Best Electrician’ and a brand new RAM® 1500 Pickup Truck.
Matic won after competing against professional electricians from the United States (US), Canada and China in an intense hour-long competition that required the competitors to complete four challenges – one reflecting each country’s unique electrical installation methods.
The inaugural international competition took place following three days of competition, including Professional, Student/Apprentice, Contractor and School Challenge categories.
Reigning two-time Professional Individual Champion and two-time Professional Team Champion, Greg Anliker, proved he was still at the top of his game, taking home his third Professional Individual Champion title and US$75,000. (US$1 = RM4.17)
Jordan Finfrock from Flatwoods, Kentucky took the top spot in the Student/Apprentice Individual category with a prize of US$30,000.
Kellenberger Electric’s Clay Noga and Keith Runkle (Kellenberger 2) clinched first place for the Contractor Challenge while Minneapolis JATC’s Angela Bissonnette-Penna and Jacob Thoennes earned first place in the North American School Challenge.
About four years ago, IDEAL Electrical established the IDEAL National (US) Championship to showcase the skills and professionalism of today’s electricians.
-- BERNAMA
AG&P MAKES STRATEGIC EQUITY INVESTMENT IN KANFER SHIPPING
SINGAPORE, Nov 15 (Bernama-BUSINESS WIRE) -- Atlantic Gulf & Pacific (AG&P), the global downstream gas and LNG logistics company, has made a strategic equity investment in Kanfer Shipping (Kanfer), an innovative Norway-based developer of small-scale LNG sea transportation, maritime break-bulk solutions, floating storage facilities as well as LNG bunkering. Together, Kanfer and AG&P will make LNG more accessible and commercially viable for downstream customers in new and growing natural gas markets.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20191114005321/en/
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20191114005321/en/
AG&P makes a strategic investment in Norway-based Kanfer Shipping to make LNG more accessible and commercially viable for downstream customers. Kanfer has captured the attention of the global LNG maritime infrastructure industry with its revolutionary Detachable Stern Vessel (left), that makes it easier, faster, and more efficient to break-bulk and transport LNG. (Photo: Business Wire)
Kanfer has captured the attention of the global LNG maritime infrastructure industry with its patented, unique barge design that makes breaking bulk cargoes of LNG easier, faster and more efficient. Kanfer’s revolutionary small-scale solution uses the patented Detachable Stern Vessel (DSV) design to create an advanced version of the commonly used Articulated Tug Barge (ATB). Kanfer’s DSV efficiently transports LNG to and from an FSU, FSRU or land-based LNG terminals via a small and maneuverable barge that brings LNG to drop-points up rivers and along coasts.
Kanfer’s DSV distinguishes itself by easily navigating rivers and coastlines, including in poor weather conditions and difficult sea states, an improvement over traditional ATBs. Its shallow draft allows access to gas-starved downstream customers seeking a cleaner and lower cost fuel source by minimizing onerous marine infrastructure. These advantages enable new LNG service for smaller demand centers or for larger demand centers in places that are less accessible.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to break-bulk LNG affordably. Kanfer’s designs unlock these new markets and solve a critical gap in the LNG supply chain for nascent and growing markets. We are thus delighted to bring Kanfer Shipping into AG&P’s group of companies. Under Stig Hagen’s visionary leadership, Kanfer has brought new and exciting solutions to the maritime industry that provide a compelling alternative to traditional, capital-intensive onshore LNG facilities,” said Karthik Sathyamoorthy, President of LNG Terminals and Logistics at AG&P.
“We have worked long and hard at Kanfer to find a real solution to the LNG virtual pipeline – one that stands on its commercial and technical merits. Now, we are honored to be partnered with AG&P, a global trailblazer in LNG solutions and gas logistics. Together, we will reduce the cost of LNG infrastructure through Kanfer’s innovative solutions and provide a more robust solution to improve availability and accessibility. I am very excited about the possibilities,” said Stig Anders Hagen, Managing Partner at Kanfer Shipping.
“Kanfer will benefit from AG&P’s strong heritage in engineering and infrastructure construction, its deep technical experience and end-to-end execution capabilities in serving customers anywhere in the world,” Mr. Hagen added.
“AG&P has recognized the rapid and accelerating market shift to LNG as a primary fuel for land and marine applications. Three years ago, we invested in Gas Entec, the leading LNG terminal, bunkering and fuel system engineering company, and today in Kanfer Shipping to create a unique and compelling ecosystem for the development of LNG and gas delivery systems. Kanfer’s expertise complements and expands our passion for an integrated approach to LNG logistics and will enable us to reach new customers in Southeast Asia, the Caribbean and beyond,” said Jose P. Ibazeta, Director of AG&P.
Together, AG&P, Kanfer and partners will offer project owners and customers a fully integrated solution comprising:
Kanfer’s DSV distinguishes itself by easily navigating rivers and coastlines, including in poor weather conditions and difficult sea states, an improvement over traditional ATBs. Its shallow draft allows access to gas-starved downstream customers seeking a cleaner and lower cost fuel source by minimizing onerous marine infrastructure. These advantages enable new LNG service for smaller demand centers or for larger demand centers in places that are less accessible.
“AG&P’s goal is to bring LNG to new markets. One of the missing links has been the capability to break-bulk LNG affordably. Kanfer’s designs unlock these new markets and solve a critical gap in the LNG supply chain for nascent and growing markets. We are thus delighted to bring Kanfer Shipping into AG&P’s group of companies. Under Stig Hagen’s visionary leadership, Kanfer has brought new and exciting solutions to the maritime industry that provide a compelling alternative to traditional, capital-intensive onshore LNG facilities,” said Karthik Sathyamoorthy, President of LNG Terminals and Logistics at AG&P.
“We have worked long and hard at Kanfer to find a real solution to the LNG virtual pipeline – one that stands on its commercial and technical merits. Now, we are honored to be partnered with AG&P, a global trailblazer in LNG solutions and gas logistics. Together, we will reduce the cost of LNG infrastructure through Kanfer’s innovative solutions and provide a more robust solution to improve availability and accessibility. I am very excited about the possibilities,” said Stig Anders Hagen, Managing Partner at Kanfer Shipping.
“Kanfer will benefit from AG&P’s strong heritage in engineering and infrastructure construction, its deep technical experience and end-to-end execution capabilities in serving customers anywhere in the world,” Mr. Hagen added.
“AG&P has recognized the rapid and accelerating market shift to LNG as a primary fuel for land and marine applications. Three years ago, we invested in Gas Entec, the leading LNG terminal, bunkering and fuel system engineering company, and today in Kanfer Shipping to create a unique and compelling ecosystem for the development of LNG and gas delivery systems. Kanfer’s expertise complements and expands our passion for an integrated approach to LNG logistics and will enable us to reach new customers in Southeast Asia, the Caribbean and beyond,” said Jose P. Ibazeta, Director of AG&P.
Together, AG&P, Kanfer and partners will offer project owners and customers a fully integrated solution comprising:
- LNG supply;
- Large-scale LNG transportation;
- Large-scale Floating Storage (FSU);
- Small-scale LNG shipping for downstream distribution;
- Small-scale FSU;
- Onshore logistics and onsite infrastructure to provide reliable supply to downstream demand centers and
- A delivered cost to the customers’ doorstep.
Kanfer is already coordinating with global LNG companies to provide solutions to deliver LNG from FSUs to small demand centers or remote markets. It was announced earlier this year that ADNOC (Abu Dhabi National Oil Company) Shipping & Logistics are having a cooperation in the small-scale LNG segment with Kanfer. Later Japan’s INPEX CORPORATION also joined the cooperation. Customers value the Kanfer DSV’s full ocean-going capability, advanced sea state tolerance, flexibly sized storage, shallow draft and proven technology.
For hi-res images, click here.
For more information: www.agpglobal.com and www.kanfershipping.com
http://mrem.bernama.com/viewsm.php?idm=36134
For hi-res images, click here.
For more information: www.agpglobal.com and www.kanfershipping.com
http://mrem.bernama.com/viewsm.php?idm=36134
Thursday, November 21, 2019
ORBITAL INSIGHT ANNOUNCES $50 MILLION IN FUNDING TO SECURE GLOBAL 2000 MARKET LEADERSHIP
Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, and Tech Pioneers Fund Join as Key Investors
PALO ALTO, Calif., Nov 13 (Bernama-GLOBE NEWSWIRE) -- Orbital Insight, the leader of the geospatial analytics software industry, announced today the completion of a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight has now secured over $125 million of funding from these world-class investors and is positioned to increase its enterprise software market share among global corporations.
The new capital raised will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO, which today provides decision-making analytics powering greater profitability, operations, and policies with geospatial applications. Current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence.
“Artificial Intelligence and Commercial Space are two of the most exciting and innovative areas of our time,” said Orbital Insight CEO and Founder Dr. James Crawford. “We’re proud and excited to be able to continue to bring them together to serve our mission of understanding what is happening on and to the Earth. We’re putting the power of geospatial analysis into our customers’ hands, allowing them to ask and answer their own questions about trends and events anywhere in the world.”
Since Orbital Insight’s Series C funding round in 2017, the company continues to expand its multi-source geospatial offering to include optical satellite imagery, synthetic aperture radar (SAR), drone and aerial imagery, location-based intelligence, connected devices, vessel tracking (AIS), and other forms of geospatial data. The company also hired a new CFO, Jim Cook, and a new SVP of Product, Jens Tellefsen. It also created a federal advisory board including former NGA Director Robert Cardillo and former USGIF CEO Keith Masback bringing world-class domain leadership and GEOINT expertise to Orbital Insight’s commercial and public sector offering.
In May 2019, the company launched its Orbital Insight GO platform in the American, European, and Asian markets, experiencing a surge of demand from clients seeking trusted geospatial data to quickly, accurately, and economically analyze infrastructure, supply chains, commodities, and areas of interest pertaining to national security. Orbital Insight has also entered into strategic partnerships with firms such as Airbus to co-develop powerful change analysis and insights for Airbus Defense and Intelligence customers. The product today is trusted by leading financial services firms, Global 2000 companies, several U.S. government agencies, and global non-profit organizations.
“It’s easy to take it for granted, but we are living in the era of remote sensing and artificial intelligence,” said Bill Coughran, a partner at Sequoia and Orbital Insight board member. “Orbital Insight has transformed technology previously reserved for specialized government agencies into mainstream software to optimize organizational operations, revenue, and policies.”
About Orbital Insight
Orbital Insight leverages AI and computer vision to analyze petabytes of multi-source geospatial data, including satellite and synthetic aperture radar (SAR) imagery, location intelligence, and vessel traffic (AIS) data, to help its clients understand what is happening on and to the Earth. By monitoring the world’s geopolitical and economic activities with unprecedented timeliness, Orbital Insight provides the best possible information to inform your organization’s revenue, operations, and policies. For more information, please visit orbitalinsight.com.
Contact:
Michael Lapides
press@orbitalinsight.com
SOURCE: Orbital Insight
--BERNAMA
PALO ALTO, Calif., Nov 13 (Bernama-GLOBE NEWSWIRE) -- Orbital Insight, the leader of the geospatial analytics software industry, announced today the completion of a $50 million Series D financing. The funding round was co-led by Sequoia Capital and Clearvision Ventures, with participation from new investors Invicta Growth, Bunge Ventures Ltd, Chevron Technology Ventures, Goldman Sachs, Tech Pioneers Fund, and others. Returning investors include GV, Geodesic Capital, SKY Perfect JSAT, Intellectus Partners, and Lux Capital. Orbital Insight has now secured over $125 million of funding from these world-class investors and is positioned to increase its enterprise software market share among global corporations.
The new capital raised will be used to accelerate product innovation and expansion of the company’s software solution, Orbital Insight GO, which today provides decision-making analytics powering greater profitability, operations, and policies with geospatial applications. Current use cases include supply chain monitoring, real estate analysis, infrastructure mapping, and defense and intelligence.
“Artificial Intelligence and Commercial Space are two of the most exciting and innovative areas of our time,” said Orbital Insight CEO and Founder Dr. James Crawford. “We’re proud and excited to be able to continue to bring them together to serve our mission of understanding what is happening on and to the Earth. We’re putting the power of geospatial analysis into our customers’ hands, allowing them to ask and answer their own questions about trends and events anywhere in the world.”
Since Orbital Insight’s Series C funding round in 2017, the company continues to expand its multi-source geospatial offering to include optical satellite imagery, synthetic aperture radar (SAR), drone and aerial imagery, location-based intelligence, connected devices, vessel tracking (AIS), and other forms of geospatial data. The company also hired a new CFO, Jim Cook, and a new SVP of Product, Jens Tellefsen. It also created a federal advisory board including former NGA Director Robert Cardillo and former USGIF CEO Keith Masback bringing world-class domain leadership and GEOINT expertise to Orbital Insight’s commercial and public sector offering.
In May 2019, the company launched its Orbital Insight GO platform in the American, European, and Asian markets, experiencing a surge of demand from clients seeking trusted geospatial data to quickly, accurately, and economically analyze infrastructure, supply chains, commodities, and areas of interest pertaining to national security. Orbital Insight has also entered into strategic partnerships with firms such as Airbus to co-develop powerful change analysis and insights for Airbus Defense and Intelligence customers. The product today is trusted by leading financial services firms, Global 2000 companies, several U.S. government agencies, and global non-profit organizations.
“It’s easy to take it for granted, but we are living in the era of remote sensing and artificial intelligence,” said Bill Coughran, a partner at Sequoia and Orbital Insight board member. “Orbital Insight has transformed technology previously reserved for specialized government agencies into mainstream software to optimize organizational operations, revenue, and policies.”
About Orbital Insight
Orbital Insight leverages AI and computer vision to analyze petabytes of multi-source geospatial data, including satellite and synthetic aperture radar (SAR) imagery, location intelligence, and vessel traffic (AIS) data, to help its clients understand what is happening on and to the Earth. By monitoring the world’s geopolitical and economic activities with unprecedented timeliness, Orbital Insight provides the best possible information to inform your organization’s revenue, operations, and policies. For more information, please visit orbitalinsight.com.
Contact:
Michael Lapides
press@orbitalinsight.com
SOURCE: Orbital Insight
--BERNAMA
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