Tech

5 Tech Trends For Businesses

5 Tech Trends That Businesses Can’t Afford To Ignore

With technology evolving at such a rapid pace, some business owners are left digitally disoriented as they try to figure out which of the latest innovations they need to invest in and what they can ignore.

It can make for confusing times.

All that bewilderment aside, though, these fast-developing advances also create opportunities that can help small and medium-sized businesses become more competitive – if they understand how to seize them.

“Technology exists today that at one time was available only to large corporations with huge technology budgets,” says Chris Hoose (www.choosenetworks.com), an IT consultant who works with small businesses.

“Every year, technology becomes even more accessible to companies of all sizes.”

Hoose says businesses that want to stay on top of their games should make sure they invest in these technological trends, if they haven’t already:

The Internet of Things. Many Internet of Things-connected devices, such as smart refrigerators and thermostats, are designed for home use, but there are also applications for small businesses, Hoose says. Some examples: smart locks use digital keys that can’t be lost or stolen, and log a record of who uses a door and when; RFID tags on merchandise can prevent theft and automatically update inventory; and mobile-card readers can replace cash registers.

Artificial intelligence. Don’t be fooled into thinking that AI is something only the big organizations can afford to use, Hoose says. “It’s making inroads into technologies accessible for businesses of all sizes,” he says. “AI can help you offer increasingly personalized experiences to customers by maximizing your time and automating manual tasks, like data entry.” AI also can be used to improve decision making, Hoose says. Essentially, AI will help you take that jumble of data most businesses have and analyze it in a way that allows you to make better-informed judgments on the actions you need to take.

Telecommuting. The office world is changing and more workers spend at least a portion of their work week telecommuting. “In many cases remote employees use their own equipment, which can eliminate some of the company’s costs with purchasing and maintaining computers, printers and mobile phones,” Hoose says. Video conferencing, instant messaging and other advances are helping to make telecommuting a viable option, he says.

Customer-relationship-management (CRM) software. Any application that a business uses to interact with customers, analyze data, or recommend products and services to customers is “part of the CRM family,” Hoose says. “This type of software helps your team manage, control and build customer relationships,” he says. “It can log your team’s touchpoints with prospects, including emails, phone calls, voicemails and in-person meetings. You can have a complete record of your team’s interaction with a prospect that’s easy for anyone to access.”

Voice search. Consumers increasingly are making use of such AI assistants as Siri or Alexa to help them do internet searches using their voices. “Voice search is changing the way people find information because these queries are structured differently than when we type terms into a search engine,” Hoose says.

“Organizations of all types can benefit from optimizing their content to improve where they fall in a voice search.”

“To help propel your business going forward, it’s important to stay abreast of technology innovation,” Hoose says. “These technologies will help you expand your customer base, create more efficient in-house processes, and increase engagement from both customers and staff.”

About Chris Hoose

Chris Hoose (www.choosenetworks.com) is the president of Choose Networks, an IT consulting firm for small businesses. Hoose started the company in 2001 to give large-scale solutions and support to businesses that can’t afford their own in-house IT department. He earned a Master of Information Systems Management from Friends University.

Panel for Mental Health re: Social Media

On April 30th, Facebook announced that it will be testing hiding likes on Instagram. Some will be angered by the proposed change but this could be great news for the wellness community, in light of the ongoing studies that have found Instagram to be the most detrimental social networking app for young people’s mental health.

“It’s interesting to see Instagram ranking as the worst for mental health and wellbeing.  The platform is very image focused and it appears that it may be driving feelings of inadequacy and anxiety for young people,” said Shirley Cramer, chief executive of the Royal Society for Public Health.

The Economist reported that while social media gave users extra scope for self-expression and community-building; it also exacerbated anxiety and depression, deprived them of sleep, exposed them to bullying and created worries about their body image and “FOMO” (“fear of missing out”). Studies show that these problems tend to be particularly severe among frequent users and young adults.

In fact, studies have shown an increase in major depressive episodes from 8.7% in 2005 to 11.3% in 2014 in adolescents and from 8.8% to 9.6% in young adults. The increase was larger and statistically significant in the age range of 12 to 20 years, arguably social media’s key demographic.

So the question becomes:What are some tools we could develop to help mitigate the negative effects of social media?

For this year’s Mental Health Awareness Month #GroupDyynamics presents: @YOU Liked Yourself, a two-hour event that corrals peers of the creative industry and successful leaders in the wellness fields to discuss the issues that impact our global community.

Would love for you to stop by if you’re available! Happy to arrange a time for you to speak with any one of our panelists!
About Dyynamics:
 

Launched in 2016, Dyynamics is a niche blog committed to profiling creatives from all walks of life no matter their gender, race or sexuality in order to showcase cultural diversity as the force that lends to the progressive development of humanity.  The site content includes Q&A’s with visual artists and burgeoning musicians, long-form features on enterprising aesthetes, and detailed recaps of sought after events and travel destinations. Our mission is to focus on “more culture, less news”. Our goal is to connect the informed taste-maker to the people who create or purvey contemporary culture.

 
About the Panelists:
 
Bronx native Annya Santana was driven to start a clean beauty brand in response to the lack of transparency and diversity within the beauty industry. Her line “Menos Mas” promotes a lifestyle where less is more and skin care is regarded as skin food. The brand’s goal is to provide a space for the diverse community to celebrate health from the inside out.
 
Liana Naima utilizes energy work. breathwork. vocal release and mindfulness meditation in her practice to silence the mind and induce a transcendent state for healing. 
She has a BA in Philosophy from Bryn Mawr College. M.Ed. from Hunter College. and is a trainee of the Mindfulness-Based Stress Reduction (MBSR) program. 
As an energy worker. she is a certified White Light Reiki Master and Vortex Energy Healing® Practitioner.  
 
Model, influencer and self-love advocate P.S.Kaguya dedicates herself to creating content and building a personal brand that promotes the unfiltered expression of individuality in the hopes that others will gain the confidence to do the same. 
 

Actor and comedian Benito Skinner has come a long way since starting his YouTube channel at the end of 2016. What began as a creative outlet quickly gained an excitable young following, with the comedian’s short one-man character sketches and pop culture parodies embraced as a welcome antidote to the relentless news cycle. “Laughing has always been my way of feeling a little better about things,” he adds. As straight men continue to dominate the international comedy scene, Skinner offers a welcome alternative — and young people are responding in large numbers. With over 477,000 followers on Instagram and more than 110,000 subscribers on YouTube, the multi-talented actor is paving his own career path. 

Student Invention Gives Patients the Breath of Life

Natalie Dickman squeezed the bag again and again in an effort to revive a victim of cardiac arrest. After a mere 3 minutes, she could squeeze no more. 

“The patient had been down for 30 minutes and there wasn’t much hope, unfortunately,” said the Rice University student, a soon-to-be graduate of the Brown School of Engineering, who was covering a shift with Houston EMS as required by a Rice class in emergency medical techniques. “I was allowed to bag, but they make you switch in EMS settings because they know you won’t be as accurate once you hit that 2-to-3-minute mark. You get really tired.”

She thought about that often over the last year when she and her senior teammates worked at Rice’s Oshman Engineering Design Kitchen (OEDK) to perfect a cost-effective device that automates the compression of manual bag valve masks, which feed fresh air to the lungs of intubated patients. 

The senior capstone design team — bioengineering students Dickman, Carolina De Santiago, Karen Vasquez Ruiz and Aravind Sundaramraj, mechanical engineering and computational and applied mathematics student Tim Nonet and mechanical engineering student Madison Nasteff — is known as “Take a Breather.” 

The team has developed a system that compresses the bags for hours, rather than minutes, with settings to feed the right amount of air to adults, children and infants. The device seems simple — a box with paddles that rhythmically squeeze the bulb a programmed amount – but the engineering behind it is not.

The students used a $25, off-the-shelf motor and $5 microcontroller to power and program the rack-and-pinion device made primarily of plastic parts 3D-printed at the OEDK. They hope their use of inexpensive materials and the growing availability of 3D printers will make their machines easy to repair on-site.

They anticipate the device, which cost them $117 in parts to build, will be most useful in low-resource hospitals or during emergencies when there aren’t enough portable ventilators to meet the need. 

Dr. Rohith Malya, an assistant professor of emergency medicine at Baylor College of Medicine, brought the problem to the OEDK after witnessing family members at the Kwai River Christian Hospital in Thailand, where he is director of emergency medical services, squeezing intubation bags for hours on end to keep loved ones alive. 

“There is no reliable ventilation,” said Malya, who spends a month at the hospital every year. “Once we intubate somebody, the family has to bag the patient. But the family will get tired after a day and say, ‘They’re not getting better right now, just pull the tube and see what happens.’ And then the patient dies.”

Malya previously worked with Rice engineering students to develop a syringe regulating pump, and did not hesitate to bring a new idea to the OEDK. 

“The bag mask is ubiquitous, like the syringe,” he said. “Nothing has challenged it for 80 years. It’s stood the test of time, it’s reliable and it’s simple. And now we’re adding a modification to the original device so families don’t have to make those decisions.

“This will broaden the access to mechanical ventilation to a tremendous part of the world that doesn’t have typical ventilators,” said Malya, who plans to take the proof-of-concept device to Thailand for field testing next spring. 

The device is much smaller than the sophisticated ventilators found in American hospitals and portable versions used in emergency situations. Critically, it has to be able to operate for long stretches. In its most recent test, the team ran the device for more than 11 hours without human intervention.  

The students expect another Rice team will build a more robust version next year, and hope it will eventually be manufactured for use in low-resource and emergency settings. They anticipate a better-sealed and filtered box will be more suitable for hot, dusty environments, and said future designs should include more sophisticated controls.

For its efforts this year, the team won two prizes at the school’s annual Engineering Design Showcase, the Willy Revolution Award for Outstanding Innovation and the best interdisciplinary engineering design award. But the real payoff would be seeing the device further developed and deployed around the world. 

“If they can get it working fully in that kind of environment, this will be saving lives,” Nasteff said.

Waam x FashionTV

2018 was the year where the issue of users’ privacy took the central stage. With the enactment of GDPR and the congressional hearing of Facebook’s Founder, Mark Zuckerberg, the issue of users’ ownership rights over their data was brought firmly into the public spotlight. Now with the start of a new year, it’s time for a change.

WAAM, a decentralized e-commerce blockchain platform, made it its mission to return data ownership rights back to their original owners- the users. On WAAM, users have the right to choose whether to share their personal data or part of it, for rewards or keep it private. By connecting retailers, apps, and users, in a consensual and direct manner, WAAM makes sure that all the players in its economy have something to gain, making it into a real win-win for all.

WAAM formed a strategic partnership with FashionTV, the international fashion and lifestyle broadcasting station, reaching over 1 billion people across the globe. FashionTV is planned to embed the WAAM protocol across its channels, making the WAAM token an officially acceptable currency.  

WAAM will be making its first leap into the e-commerce sphere through the fashion industry, the largest e-commerce vertical, with over 500 million USD in sales in 2018 alone. This goal will be further strengthened by the partnership with FashionTV, helping to make WAAM a household name, furthering its exposure through FashionTV’s close connections with thousands of celebrities and brands.

Another party to benefit from the partnership is inFASH, a social network for fashion lovers and the first app to have embraced the WAAM protocol. inFASH and WAAM established their partnership back in early 2018 and have been working together to increase the synergy between blockchain technology and fashion ever since. Operating on the WAAM platform will allow both inFASH and FashionTV to collaborate, providing inFASH with access to a mass audience of fashion enthusiasts, while FashionTV’s users will be able to benefit from a social platform on which they can both earn money from sharing their fabulous fashion sense as well as a better shopping experience complemented with special sales and discounts.

At its core the WAAM platform is designed to help create synergies and collaborations between different partners, whether it is by helping retailers directly connect with potential customers, or by helping apps to collaborate with one another, as is the case with inFASH and FashionTV, the motivation to create a solution that benefits all are the fuel that makes the platform successful and sustainable.

WikiLeaks Founder Arrested in U.K.

by Tara McDonough

Earlier today WikiLeaks founder Julian Assange was arrested inside the Ecuadorian embassy for breaching U.K. bail conditions. He has also been further arrested by U.S. authorities with an extradition warrant on a conspiracy charge for publishing classified information by former army intelligence analyst Chelsea Manning.

On Thursday the Justice Department prosecutors confirmed that Assange was charged with conspiracy to hack into a classified U.S. computer. Prosecutors said WikiLeaks founder aided Manning in cracking a password and therefore logging into SIPRNET, a classified U.S. government network.

While Manning’s sentence was commuted under President Obama just before his term ended in 2017 and released from prison that May, she was arrested in March 2019 for refusing to testify to a grand jury investigating WikiLeaks.

The process of extraditing Assange from the U.K. to the U.S. could take years and the outcome is not a foregone conclusion.

Global Data Center Isreal

Israeli company Global Data Center doubled the capacity of its facility in an investment of millions of dollars

Global Data Center, a leading provider of a cutting-edge data center facility in Israel, has completed the doubling of its facility in an investment of millions of dollars.

Most of the expanded area in Global Data Center’s facility in Herzliya (near Tel Aviv) has already been filled with IT infrastructures of both existing and new clients of the company. The expanded area provides all the standards, services and levels of service provided by the facility’s original area. The expansion of the data center’s area by more than twice joins other measures that the company has taken recently, such as tripling the data center’s business continuity space, allowing the company’s clients to quickly move to work at the Herzliya facility in an emergency.

Global Data Center operates a secured underground data center facility built in compliance with the latest global standards. The tier-3 site provides hosting services for IT operations units, full business continuity and disaster recovery, as well as on-site and remote back-up, cloud computing services, on-demand control and operating services, and smart hands services.

Companies using the services of Global Data Center’s facility include leading institutional organizations in Israel such as Harel Insurance Investments and Financial Services Ltd., Clal Insurance Enterprises Holdings Ltd., IBI Investment House Ltd., alongside industrial firms. Global Data Center also hosts at its facility some of Israel’s leading high-tech companies such as Infinidat Ltd., Zerto Ltd., SolarEdge Technologies Inc. and DSP Group, alongside multi-national corporations, government organizations and other entities.

Global Data Center was founded by Moshe Lasman in 2013 in cooperation with and the financial backing of Viola Group and Leon Recanati’s GlenRock Investments. Lasman previously served as the head of the Outsourcing Department at IBM Israel and head of Global Services at HP Israel. Alongside Lasman, the company’s executive team includes experienced managers from tier-1 companies in Israel.

Moshe Lasman, founder and CEO of Global Data Center, said: “the expansion of our data center is a significant milestone for us and good news for Israel-related companies and organizations which would like to host their IT infrastructure in a way that ensures business continuity, around the clock service, security, survivability and cost savings. Digital transformation, the critical role of data in business processes and the flexible model for consuming electricity and area drive organizations to receive services from high quality specialized vendors such as Global Data Center.”

Lasman continued: “As a data center which has been active for five years without any fault, the expansion serves as a proof for the strong momentum we are experiencing, when large Israel-based organization have stopped hesitating whether their infrastructure should be hosted at an external facility, and just ask how and where the hosting should take place. We will continue to be an essential foundation for any large organization which aims to leverage the benefits of hosting its IT and communications systems at an accessible data center which complies with the most rigorous international standards and is equipped with all the required certifications and licenses.”

Why it’s safe to stake your career on a People1st approach for RPA

When you’re a C-level executive, every decision counts. When the business isn’t hitting its performance goals, you can’t just shrug your shoulders and pass the buck to your boss. The company’s future success depends on your ability to find a solution.

That’s why robotic process automation (RPA) has become such a hot topic in boardrooms across the world. It promises to solve one of the most long-standing problems in business: the fact that as a company grows, the scale and complexity of its administrative processes tend to increase. The larger the company, the more time people spend on routine tasks, such as manual data entry and reporting. Employees spend countless hours fiddling with spreadsheets and copy-pasting numbers from one system into another, instead of focusing on value creation. RPA offers the potential to eliminate whole swathes of this busywork by using automated bots or digital assistants to handle all the heavy lifting. As a result, your employees only have to manage the complex tasks and exceptions manually, increasing their productivity by orders of magnitude. If you’re managing an admin-heavy area of the business, such as operations, finance or HR, you’ll know this is a tantalising prospect.

However, once executives start looking into the realities of RPA, a tiny voice of doubt often pipes up. “Will the benefits outweigh the up-front investment? How do we actually implement a successful RPA initiative? How will it look if the project fails to deliver? Is it really worth staking your career on this?”

Are these doubts justified? To a certain extent, these doubts are understandable. Many companies find that their RPA projects start successfully, but soon lose momentum or go off the rails. As a result, there’s an undercurrent of opinion that RPA is not the silver bullet it initially seems to be.

However, these problems aren’t inherent to the concept of RPA. There’s no doubt that the technology works, as successful RPA adopters like Technicolor and Scanlog will testify. The problem is that the approach to implementation that most RPA vendors recommend is only part of the answer. The traditional RPA strategy is big-bang, top-down, and heavily front-loaded with investment in new software and related infrastructure. This can be a sensible option if companies know where to start and are confident they will be able to maintain momentum—but all too often this is not the case. As a result, after the first and most obvious use cases have been covered, a centralised RPA initiative often runs out of steam. That’s because RPA isn’t given a chance to grow into an organic part of the business: instead, it’s transplanted into users’ workflows from outside. And like any transplant, there is always a high risk of rejection. Unless the business knows exactly what it’s doing, and has previous experience of successful automation projects, it’s very difficult to guarantee success with a top-down approach. That’s why it’s quite natural—and sensible—for executives to think twice before potentially gambling their career on this type of RPA strategy. Sowing the seeds of successful RPA. Fortunately, there’s a better way. Softomotive’s People1st approach for RPA emphasises the importance of starting small, learning quickly, and scaling seamlessly. Instead of driving everything from an RPA Centre of Excellence from the start, you instead begin by empowering your line-of-business teams to automate simple tasks for themselves. Instead of investing in an enterprise-scale automation platform, you start with intuitive automation tools that users can run on their own desktop PCs. These tools—like Softomotive’s. WinAutomation—make it possible to develop digital assistants and automated workflows without writing a single line of code: users can simply record and replay their own actions, or access a library of prebuilt actions and drag-and-drop them into a custom workflow using our visual process designer. The benefits of this bottom-up, grassroots approach are twofold.

First, it builds engagement with the line-of-business, making them advocates for automation instead of resisters. This is critical to help the business develop an automation mindset, where RPA becomes second nature: every existing process is seen as a potential candidate for automation, and all new processes are designed with automation in mind. Second, it keeps your automation initiative focused on meeting users’ real-world business needs. This dramatically reduces the risk of failure and increases the time to value—and helps to dispel any doubts about whether RPA is the right path forward.

Of course, there’s more to the People1st approach than this. Once you’ve embedded RPA into the line-of-business, there’s still the question of how you scale, manage and govern automation at the organisational level. That’s where your RPA Centre of Excellence comes in—their role is to identify and incubate the most successful grassroots projects, connect them together into larger-scale processes, and productionise them for wider deployment across the business. But that’s a topic that we’ll dive into in more depth in a later blog post. The main takeaway for today is that championing an RPA initiative at your next board meeting doesn’t have to be a make-or-break career move. With a People1st approach, the initial investment is lower, the potential benefits are huge, and the risk of failure is easy to mitigate.

To learn more about how the Softomotive People1st approach can guide you to a successful RPA strategy, or help you get your existing RPA initiatives back on course, download one of our new guides today:

People1st Executive Guide

People1st Practitioner Guide

Dramatic Improvement in Neutral Machine Translation

There has been a dramatic drop in the cost of translation services for major corporations in the past year and the savings amounts to at least 30%, according to One Hour Translation (OHT). The company, the world’s largest online translation agency, attributes the drop to the improved capabilities of NMT (Neural Machine Translation) technology.

The downward trend in translation costs is expected to continue as NMT engines are being trained to identify thousands of new words and phrases using the latest machine learning technology. That is good news for global e-commerce companies like Booking.com, Hotels.com, Agoda, Trivago, Amazon, Alibaba and others who depend almost daily on quality translation of large volumes of content for their millions of customers worldwide. 

“Around third of corporate content that we assess can already be translated using only NMT with no need for human input in the process,” said Ofer Shoshan, CEO and co-founder of OHT. He adds that the percentage is increasing all the time as the capabilities of the various translation engines continue to improve. The remainder is translated using hybrid translation that combines NMT and human post-editing, a process pioneered by OHT and utilizes human translators. 

OHT has developed a content assessment process for its corporate customers that is conducted by five or six experts who review the content. They quantify the content into three distinct categories that are defined and based on the amount of human input that will be necessary. The range is from no need for human input with the translation solely based on NMT engines, hybrid translation which combines NMT and human post-editing and a final category where human translation is required. As part of the process, OHT also recommends to its corporate customers the NMT engine that is best suited for a specific translation. 

“The translation services industry is being revolutionized with the cost of translation declining at a time when demand for rapid quality translations is skyrocketing,” noted Shoshan. The technological advances in the field, he believes, will lead to a further savings as the percentage of content translated by NMT or by hybrid translation approaches 50% or more. That process is enhanced as the NMT engines are trained and constantly updated to identify more and more words and phrases. In the coming years the trend is expected to completely change the global translation service market and sharply reduce the number of human translators. 

How to Design Your Own Interactive Magic Mirror

Interactive magic mirrors are an interesting piece of tech. In an instant, they are able to provide those that look into them with all sorts of information, from personal skincare tips to what the weather outside is like on that day. They are also transforming the way people are now shopping for clothes and makeup, as they are able to show customers what they look like in certain styles.

If interactive magic mirror tech has taken your fancy, why stop at being a consumer of it? Why not go the whole hog and design your very own? To see what you need to do in order to set about this somewhat difficult yet highly rewarding task, make sure to read on.

Source the right tools and equipment

When it comes to designing an interactive magic mirror, you need an abundance of tools and pieces of equipment by your side:

• Computer screen, mouse, and keyboard

• Basic mirror

• Raspberry PI (extremely important)

• USB power cord

• 8GB SD-card

• Adapter

HDMI-to-VGA adapter

As this is fundamentally a piece of IoT technology, you’re also going to need tools that help you to build a circuit board. The first thing that you need to source in this regard is a PCB design tool. By installing and implementing such a tool into your working process, you will be able to design PCBs from idea to manufacture with ease, especially when you allow the CircuitStudio how-to video to assist you along the way. Other tools needed in this instance include a breadboard, a soldering iron, and etching equipment.

Get your sizes spot on

It is incredibly important that you take the literal size of your task into consideration — if something is even just an inch out of place, the whole project could be ruined. This sentiment rings especially true when it comes to matching your mirror with your computer screen. By choosing a screen that doesn’t fit your mirror, the render that the screens gives will be out of place and, subsequently, made to be all but redundant.

Install your Raspberry PI

The previously mentioned piece of equipment known as the Raspberry PI plays a pivotal role in proceedings, so make sure that you don’t forget to source one. When it comes to installing this equipment, just make sure that only one cord is pulled through the bottom of the mirror’s case — this will stop the tech from becoming overloaded with data and, ultimately, it will stop it from overheating.

Don’t forget to install the Raspbian operating system, as doing so will give you free rein to tap into the PI boot sequence as and when you see fit going forward.

Connect your mirror to the Internet

After all the hard work that you put in, it would be a shame to ruin it all by forgetting to connect your magic mirror to the Internet. Once this connection is forged, your mirror will be able to display real-time information, such as weather reports and news bulletins.

When you decide to design a magic mirror, you will be sure to be occupied for months on end. It will all be worth it in the end, though.

Energias de Portugal and Sepio Systems

EDP, One of Europe’s Major Electricity Operators, Completes a Strategic Investment in the Cybersecurity Company Sepio Systems

Energias de Portugal, which ranks among Europe’s major electricity operators, and is one of Portugal’s largest business groups has completed a strategic investment in the Israel- and US-based cybersecurity company Sepio Systems. EDP is a vertically integrated utility company that has electricity, gas and renewable energy operations in 16 countries and EDP Renewables is the fourth wind power operator worldwide.

EDP is expanding partnerships in Cyber Security to further strengthen connectivity and resilience that are vital to the infrastructure, and advance new business opportunities. Over the last couple of years, attacks on critical infrastructure have surged, and the potential repercussions are significant. A loss of data is concerning, but a loss of electricity is catastrophic to both businesses and society.

“Sepio’s approach to protecting enterprises against attacks arising from rogue devices is very creative and a well-executed idea in the cybersecurity space, and we were even more impressed after experiencing it firsthand.” Said Luis Manuel, Board Member at EDP Ventures. “The software provides granular visibility into our assets and, best of all, allows us to define and enforce a security policy for hardware devices. We believe Sepio is well-positioned to protect assets in both the IT and OT domains and we look forward to supporting Sepio Systems to help them grow further.”

Also participating in the investment is Mindset Ventures, an international Venture Capital firm that supports the growth and development of innovative companies that provide solutions to the relevant markets in Latin America, and the existing investors – Pico Venture Partners and Founders Group.

The partnership with EDP will help Sepio Systems accelerate the development and deployment of Sepio’s Rogue Device Mitigation solution among utilities, financial institutes, and large enterprises in Europe.

Sepio Prime is the world’s first end-to-end solution that offers comprehensive mitigation of hardware-based attacks, including rogue peripherals, invisible network devices, and manipulated firmware. Sepio Prime has been successfully deployed in over 20 mid-sized to large banks, insurance, and telecom companies in the U.S., Singapore, Brazil, and Israel. The current install base secures over 600,000 workstations and network ports.

“The massive cyber-attacks and data breaches we see lately are due not just to the rise of cybercrime but also to the ease of getting hold of attack tools that were accessible to governments and intelligence organizations until only few years ago”, said Iftah Bratspiess, CEO of Sepio Systems. “We founded Sepio to help organizations address the rapidly growing threat of malicious hardware devices. By applying deep intelligence and hardware fingerprinting technology we can instantly and accurately detect and identify manipulated peripherals and network devices.”

Mr. Bratspiess added, “Having a top global vertically integrated utility such as EDP invest directly in Sepio is not only a vote of confidence in the company, but a testament to the significant risk organizations see in the uncontrolled use of hardware devices. In addition, the support and network of Mindset Ventures provides a huge leap forward in successfully engaging with top tier companies in Brazil. The new funding will fuel our technology roadmap as well as the expansion into new verticals and territories.”

About EDP Ventures

EDP Ventures is the corporate venture arm of EDP group, an early-stage venture capital mainly focused in Seed and Series A, aiming to support and stimulate the open innovation process in the energy sector. Currently managing +70M€, EDP Ventures looks for disruptive technologies and business models focusing in Renewable Power technology, Smart Grids, Energy Efficiency, Electric Mobility, Energy Storage, AI and ML, Cybersecurity, Digital and Predictive analytics. It is located in Lisbon and São Paulo. For more information visit www.edpventures.vc

About Mindset Ventures

Mindset Ventures is an international Venture Capital firm with investment focus primarily in the United States and Israel. We support the growth and development of groundbreaking companies by providing them with access to advisors and potential clients, especially in Latin America. For more information visit https://mindset.ventures/

About Sepio Systems

Sepio is disrupting the cyber-security industry by uncovering hidden hardware attacks.

Sepio Prime provides security teams with full visibility into their hardware assets and their behavior in real time. A comprehensive policy enforcement module allows administrators to easily define granular device usage rules and continuously monitor and protect their infrastructure. Leveraging a combination of physical fingerprinting technology together with device behavior analytics, Sepio’s software-only solution offers instant detection and response to any threat or breach attempt that coming from a manipulated or infected element.

For more information visit http://sepio.systems