Day: April 4, 2023

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Fortinet Revolutionizes Secure Networking with Unified Management and Analytics Across the Entire Hybrid Network

New Innovations to Fortinet’s Secure Networking Portfolio and FortiOS 7.4 Span Hybrid Mesh Firewall, Secure SD-WAN, Single-Vendor SASE, Universal ZTNA, and Secure WLAN/LAN

SUNNYVALE, Calif., April 04, 2023 (GLOBE NEWSWIRE) — Accelerate 2023

Ken Xie, Founder, Chairman of the Board and Chief Executive Officer at Fortinet
“In the next decade, secure networking will overtake networking and emerge as the predominant market to support the immense processing power requirements of secure connectivity. Fortinet was founded over 20 years ago with the goal of converging networking and security into secure networking solutions. Today we’re deepening unified management and analytics across our secure networking portfolio to give CIOs unprecedented levels of visibility and enforcement across their entire environment–whether on-premises, in the cloud, or a hybrid of both.”

News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced new innovations enabling unified management and analytics across its secure networking portfolio. CIOs today must contend with highly complex, disparate environments, and Fortinet delivers game-changing visibility and enforcement across all secure networking elements, including Hybrid Mesh Firewall, Single-Vendor SASE, Universal ZTNA, Secure SD-WAN, and Secure WLAN/LAN.

Secure Networking Expands with New Hybrid Mesh Firewall
Today’s networks are complex hybrid environments that extend across many edges, which is leading most organizations to shift to a secure networking approach that converges security and networking. An emerging component of secure networking is Hybrid Mesh Firewalls. According to Gartner®, “Hybrid Mesh Firewall platforms enable security policy controls to be defined and enforced between workloads, and between users and workloads connected on any network in on-premises first organizations.”1 Gartner anticipates “by 2026, more than 60 percent of organizations will have more than one type of firewall deployment, which will prompt adoption of hybrid mesh firewalls.”2

Because of Fortinet’s unique converged approach, we’ve already been delivering on the concept of Hybrid Mesh Firewalls to customers for years and are taking things one step further with unified management and analytics across not just Hybrid Mesh Firewalls but our entire secure networking portfolio.

Cut Through Complexity with Unified Management and Analytics Across the Entire Hybrid Network
FortiManager is Fortinet’s centralized management solution that covers the enterprise network across FortiGate Next-Generation Firewall deployments (both on-premises and in the cloud), as well as Secure SD-WAN, Secure WLAN/LAN, and Universal ZTNA. With today’s news, FortiManager now integrates with FortiSASE, Fortinet’s Single-Vendor SASE solution, making Fortinet the only vendor delivering consistent security, management, and analytics across the entire hybrid network.

Additionally, Fortinet is now introducing new updates across its secure networking portfolio and FortiOS 7.4, including:

Hybrid Mesh Firewall for Data Center and Cloud

  • FortiGate 7080F is a new series of next-generation firewalls (NGFWs) that eliminates point products, reduces complexity, and delivers higher performance through purpose-built ASIC technology and AI/ML-powered advanced security. It delivers a Security Compute Rating of 5x faster NGFW firewall performance, 2x faster IPSec VPN throughput, and 2x better threat protection, all while being 73% more energy efficient per Gbps of firewall throughput compared to the industry standard.
  • FortiFlex is a new points-based consumption program with support for Hybrid Mesh Firewall deployments and a variety of products, such as virtual machines, FortiGate appliances, and SaaS-based services, among others.

Secure SD-WAN for Branch Offices

  • Fortinet Secure SD-WAN enables consistent security and superior user experience for business-critical applications, whether in the cloud, the data center, or on-premises, and supports a seamless transition to single-vendor SASE. We believe it’s because of these features that Fortinet was named a Leader in the 2022 Gartner® Magic Quadrant™ for SD-WAN for the third year in a row.3 New enhancements unveiled today include automation in overlay orchestration to accelerate site deployments and a redesign of the monitoring map view to provide global WAN status for each site.

Single-Vendor SASE for Remote Users and Branch Offices

  • Fortinet’s Single-Vendor SASE solution, FortiSASE, converges cloud-delivered security and networking to simplify operations across hybrid networks. As part of today’s news, FortiSASE now integrates with FortiManager, allowing unified policy management for Secure SD-WAN and SASE along with unmatched visibility across on-premises and remote users.

Universal ZTNA for Remote Users and Campus Locations

  • Fortinet Universal ZTNA provides the industry’s most flexible zero-trust application access control no matter where the user or application is located, and new enhancements now deliver user-based risk scoring as part of our continuous checks for ongoing application access.

WLAN/LAN for Branch Offices and Campus Locations

  • FortiAP, our family of industry-leading, secure WLAN Access Points, can now integrate with Fortinet’s Single-Vendor SASE solution, marking the industry’s first AP integration with SASE. This enables secure micro-branches where an AP is deployed to send traffic to a FortiSASE solution and ensure comprehensive security of all devices at the site.

Supporting Quotes

“The rise of digital transformation and work-from-anywhere has made supporting and securing applications and employees at different locations critical for businesses. As organizations aim to simplify their environments, the market for integrated and secure networking solutions continues to grow. Fortinet has set itself apart by providing a single management platform across its secure networking portfolio for multi-cloud and hybrid environments. In our latest Secure Access Service Edge (SASE) quarterly report, Fortinet is ranked as one of the top three vendors1 in a market that grew over 40% year-over-year in 2022.”4 – Chris DePuy, Technology Analyst – 650 Group

“Our mission has always been to translate our customers’ complex technology needs into practical solutions, and Fortinet helps us do just this. Fortinet’s transformation from an industry-leading firewall provider to a well-rounded secure networking vendor has created a painless journey for our customers as they address changing business needs with new solutions like SD-WAN and SASE. With this announcement, Fortinet is continuing to add capabilities our customers need and is strengthening our ability to provide simplified, efficient secure networking solutions to our clients.” – Neil Anderson, AVP, Cloud & Infrastructure Solutions – World Wide Technology

Fortinet Accelerate 2023
Accelerate is Fortinet’s annual customer and partner conference taking place April 3-6, 2023. Visit Fortinet’s LinkedIn company profile on April 4th to live stream the keynotes, which will dive into today’s secure networking news, as well as new innovations across the Fortinet Security Fabric.

Additional Resources

1 Gartner, Hype Cycle for Workload and Network Security, Charlie Winckless, 18 July 2022.

2 Gartner, Gartner Magic Quadrant for Network Firewalls, Rajpreet Kaur, Adam Hils, Tom Lintemuth, 19 December 2022.

3 Gartner, Magic Quadrant for SD-WAN, Jonathan Forest, Naresh Singh, Andrew Lerner, Karen Brown, 12 September 2022.

4 Secure Access Service Edge (SASE) Market Surges over 40% Y/Y in 2022; According to 650 Group, 27 March, 2023.

GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

Media Contact: Investor Contact: Analyst Contact:
Margaret Reeb
Fortinet, Inc.
408-235-7700
pr@fortinet.com		 Peter Salkowski
Fortinet, Inc.
408-331-4595
psalkowski@fortinet.com		 Brian Greenberg
Fortinet, Inc.
408-235-7700
analystrelations@fortinet.com

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Philips and Northwell Health partner to standardize and future-proof patient monitoring across the enterprise

April 4, 2023

New York State’s largest health system adopts Philips patient monitoring platform to drive integration and innovation for a better patient and staff experience and improved outcomes

Amsterdam, the Netherlands and New Hyde Park, N.Y., USA – Royal Philips (NYSE: PHG, AEX: PHIA) a global leader in health technology, and Northwell Health, the largest healthcare provider in the state of New York, USA, announced today they have entered into a seven-year agreement to help the health system standardize patient monitoring, enhance patient care and improve patient outcomes while driving interoperability and data innovation. This will not only allow Northwell Health to lay the foundation for a future-proof, enterprise-wide platform, but the system will also allow them to support innovative technologies as they evolve and give them the flexibility to scale their patient monitoring systems quickly and efficiently.

As the largest healthcare provider in the state, Northwell Health has 83,000 employees, 21 hospitals, including their flagship facilities North Shore University Hospital and Long Island Jewish Medical Center, 850 outpatient facilities and one of the largest residency programs in the U.S. with over 1,900 residents and fellows. All of this to help them address a service area of twelve million people, treating over two million patients a year, delivering over 30,000 babies, and treating more New Yorkers for cancer than any other care provider. Northwell Health is also pioneering research at the Feinstein Institutes, including national clinical trial sites for treating lupus, rheumatoid arthritis, and paralysis.

“With the new system, we wanted something that could leverage our existing IT infrastructure and allow Northwell to offer cybersecurity, while also building in redundancy with local availability,” said Phyllis McCready, vice president and chief procurement officer for Northwell Health. “The new Philips system gives us an enterprise-wide platform that centralizes our patient monitoring and allows us to see what is happening at each bedside. The innovative approach is extensible and allows us to give the communities we serve the very latest technology, while helping us to deliver a better patient and staff experience and better outcomes.”

In the wake of the pandemic, health systems like Northwell Health that already treat millions of patients a year required new levels of scalability. In many cases, they were having to convert unconventional spaces like convention centers and parking lots into ICUs to help treat patients. With the Philips patient monitoring platform, they have a vendor-agnostic system that will leverage the health system’s existing network infrastructure, along with Philips Software Evolution Services, to standardize care and ensure that Northwell Health is at the forefront of monitoring innovation.

“As forward-thinking health systems like Northwell Health take an enterprise-wide approach to healthcare IT, we can help take the guesswork out of the technology and help them to standardize their systems, with an open, interoperable architecture that can break down barriers to integration and simplify workflow for care providers,” said Jeff DiLullo, chief market leader of Philips North America. “Their new patient monitoring system can help minimize manual tasks, give staff a centralized view of patients, and harness the power of massive amounts of data by using AI to provide actionable clinical insights – all of which are helping them to deliver a better patient and staff experience, lower costs and contribute toward the goal of improving outcomes.”

For further media information, please contact:

Mark Groves
Philips Global Press Office
Tel: +31 631 639 916
Email: mark.groves@philips.com

Silvie Casanova
Philips North America
Tel: + 1 781 879 0692
Email: silvie.casanova@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2022 sales of EUR 17.8 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About Northwell Health
Northwell Health is New York State’s largest health care provider and private employer, with 21 hospitals, about 900 outpatient facilities and more than 12,000 affiliated physicians. We care for over two million people annually in the New York metro area and beyond, thanks to philanthropic support from our communities. Our 83,000 employees – 18,900 nurses and 4,900 employed doctors, including members of Northwell Health Physician Partners – are working to change health care for the better. We’re making breakthroughs in medicine at the Feinstein Institutes for Medical Research. We’re training the next generation of medical professionals at the visionary Donald and Barbara Zucker School of Medicine at Hofstra/Northwell and the Hofstra Northwell School of Nursing and Physician Assistant Studies. For information on our more than 100 medical specialties, visit Northwell.edu and follow us @NorthwellHealth on Facebook, Twitter, Instagram and LinkedIn.

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Vytelle Closes $20MM in Series B Funding to Accelerate Genetic Progress in Cattle

LENEXA, Kansas, April 04, 2023 (GLOBE NEWSWIRE) — Vytelle, a precision livestock company, has raised $20MM in Series B funding to accelerate genetic progress in cattle. With this new investment, Vytelle will continue to expand its global operations, while delivering the most accessible, reliable, and predictable reproductive technology available to customers today.

The investment was led by Forage Capital Partners, a Calgary based growth equity fund that invests across the entire food and agriculture value chain. New investor, Mountain Group Partners, joins current investors, Grosvenor Food and Ag Tech, Open Prairie, Fulcrum Global Capital, Serra Ventures, and KC Rise to complete the round.

Forage Capital Partner, Jim Taylor said, “Vytelle has proven their ability to scale and deliver consistent results for the benefit of cattle producers aiming to accelerate genetic progress around the world. We are impressed with Vytelle’s track record of growth and delivery and are excited about what the future will bring.”

Vytelle’s integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilization (IVF) technology, with Vytelle SENSE, an animal performance data capture system, and Vytelle INSIGHT, an artificial intelligence based genetic analytics engine.

As the fastest growing advanced reproduction company, Vytelle is easily accessible to more than 50% of the US cow herd. Combining this footprint, with Vytelle’s curation of the world’s largest multibreed efficiency database, provides the infrastructure to impact bovine genetic progress rapidly. Progressive cattle producers can use the technology to multiply the impact of elite livestock productivity and profitability, sustainably delivering more protein with fewer inputs.

“We are delighted to have secured this new investment; this is indicative of strong market interest in our products and services. Our mission is clear, and we are grateful for the support of our investors who join us on our journey to ensure meat and milk are viable food choices for future generations.” said Kerryann Kocher, CEO of Vytelle.

About Vytelle

Vytelle is a precision livestock company reshaping how cattle producers worldwide optimize their herds. Through Vytelle’s integrated technology platform, generations of genetic gains can be made in just a few years. This allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations. For more information about Vytelle, please visit www.vytelle.com.

About Forage Capital Partners

Forage Capital Partners is Canada’s most experienced team of Ag & Food investors, having managed over $500 million in commitments to the industry over the last 18 years. Forage Capital Ag & Food Business Solutions Fund works to provide its portfolio companies with the stability and flexibility they need to expand and adapt their business models during these challenging times. The fund will invest with creative business owners that are looking to capitalize on new and innovative opportunities. For more information on Forage Capital Partners, visit www.foragecapitalpartners.com.

About Mountain Group Partners

Mountain Group Partners is a Nashville-based venture capital firm that invests in early-stage companies predominantly in the life sciences, animal health and disruptive technology sectors.  The firm has invested in companies across animal health primarily in companion animals and technologies centered on improving protein production.  Mountain Group takes a hands-on approach to investing based upon its deep operational experience and currently has over $300 million in assets under management. For more information on Mountain Group Partners, visit www.mtngp.com.

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Lisa Rumsfeld
Vytelle
lisa.rumsfeld@vytelle.com

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Fluence completes 570 MW battery-based energy storage portfolio contributing to SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines

SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines

Fluence completes 570 MW battery-based energy storage portfolio contributing to SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines.

MANILA, Philippines, April 04, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, announced the completion of a 570 MW battery-based energy storage portfolio supplied to SMC Global Power Holdings Corp. (SMCGP). The announcement was made during an inauguration ceremony held by SMCGP for its 1,000 MW / 1,000 MWh battery-based energy storage fleet in the Philippines.

Hosted by SMCGP Chairman, CEO, and President Ramon S. Ang, the ceremony marked the significance of the company’s 1,000 MW / 1,000 MWh energy storage portfolio as the first and largest within the Southeast Asia region. The SMCGP energy storage portfolio is strategically located across 32 sites throughout the Philippines to provide advanced grid stability as increasing amounts of intermittent renewable energy sources are added to the grid. President Ferdinand “Bongbong” Romualdez Marcos Jr. was joined by Secretary of Energy, Raphael Perpetuo M. Lotilla, Energy Regulatory Commission Chairperson, Monalisa Dimalanta, and several undersecretaries from various government departments of the Philippines. Senior officials from the Embassies of the United States and South Korea were among the foreign dignitaries to attend the event.

SMCGP is one of the biggest power suppliers in the Philippines, playing a significant role in the country’s power industry. As the largest customer of Fluence in the Philippines, SMCGP has been a key contributor in helping the country progress towards the achievement of its climate goals of 35 percent renewable energy generation in 2030 and 50 percent in 2040. Together, Fluence and SMCGP have deployed 570 MW of energy storage across 18 sites. These projects are providing critical grid stability services throughout the National Transmission Network in the Philippines including frequency response, reserve power, and voltage regulation. The deployment of these energy storage systems marks a significant milestone in the clean energy transition journey of the Philippines towards a cleaner, more resilient, and flexible grid.

“The inauguration of SMCGP’s energy storage system fleet is a key milestone for both SMCGP and Fluence in the ASEAN region. Our relationship with SMCGP began in 2018 when they started to explore energy storage and realized its visionary potential for the Philippines,” said Don H. Lee, GM Southeast Asia and East Asia and VP Service, APAC at Fluence. “The Masinloc energy storage project was the first project in the Philippines and one of the first grid-scale projects to enter Commercial Operations in Southeast Asia. Since delivering that project, we successfully passed grid compliance tests with National Grid Corporation of the Philippines (NGCP) in Kabankalan, Malita, Maco, San Manuel, Concepcion, Jasaan, Villanueva, Gamu, and Maapit, just to name a few. Fluence is excited to bring our more than 15 years of team experience together with our reliable and safe products and proven technology to the Philippines, enabling the success of our customers and the country’s energy transition.”

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and cloud-based software for renewables and storage. With a presence in over 40 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The Company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.

For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence’s Full Potential Blog.

Forward-Looking Statements

The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the operational performance of SMCGP’s Battery-based Energy Storage sites. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, such factors set forth under Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022, filed with the Securities and Exchange Commission (“SEC”) on December 14, 2022 and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact

Adele Zhang, Head of Marketing & Communications, APAC
Email: Adele.Zhang@fluenceenergy.com
Phone: +61 406529688

Analyst Contact

Lexington May, Vice President of Investor Relations
Email: investorrelations@fluenceenergy.com
Phone: +1 (713) 909-5629

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Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round

GIC leads funding round of $129 million with Warburg Pincus, Dawn Capital and other existing investors participating

Quantexa joins elite group of UK tech companies reaching breakout Unicorn status

LONDON and NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round secures the British tech company’s unicorn status with a valuation of $1.8 billion and will accelerate the execution of its growth strategy within the *$230bn Decision Intelligence category.

The round was led by GIC, a global institutional investor, and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. This investment comes less than 18 months after Quantexa closed its $157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.

In what has been a difficult period for many tech companies, Quantexa continues to post impressive growth, having grown their ARR over 100% since closing their Series D round. In the same time period, Quantexa has seen robust growth in all regions, including a breakout performance in North America, with an increase in ARR of over 180%.

The success comes on the heels of Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain, in November 2022. This new capital will ensure that Quantexa continues to grow its global presence and invest in its world-class engineering talent.

Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), natural language processing (NLP) and artificial intelligence (AI). Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte, and EY.

Deployed in more than 70 countries, thousands of users across banking, insurance, telecoms industries, and within public sector, rely on Quantexa’s outcome-driven solutions to protect, optimize, and grow their organizations. Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.

Vishal Marria, CEO of Quantexa said, “After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.

“It’s a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors – in our latest round. We warmly welcome GIC and thank our existing investors for their continued confidence in our ability to generate growth and accelerate the path to profitability.”

*Total addressable market (TAM) estimate is based on Quantexa proprietary research with data from sources including IDC, Chartis, GreySpark (GS), Allied Market Research, and Inkwood Research.

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 600 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. Its long-term approach, multi-asset capabilities and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

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CORRECTION – Evident Acquired by Bain Capital: Partnership to Accelerate Future Growth and Innovation

TOKYO, April 03, 2023 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Evident Corporation, please note that the titles of Yuji Sugimoto and Stephen Thomas have been corrected to Partner, and the spelling of Stephen Thomas’s name has been revised. The corrected release follows:

Evident Corporation (“Evident”) announced today that it has been acquired by private equity firm Bain Capital Private Equity (“Bain Capital”) from Olympus Corporation (“Olympus”) pursuant to the definitive agreement signed on August 29, 2022.

Evident was newly established on April 1, 2022 as a wholly owned subsidiary of Olympus comprising the former Scientific Solutions business conducted by Olympus. Headquartered in Tokyo, Japan, Evident conducts business in 24 countries worldwide with more than 4,300 employees.

Supported by Bain Capital, Evident will attain a higher level of agility and faster decision-making to drive innovation-based growth in the life science and industrial markets. Building on a history of more than 100 years of innovation in imaging, instrumentation, and measurement solutions, Evident plans to further expand its portfolio of world-class products, solutions, and services.

Yoshitake Saito, the President and CEO of Evident said “We are very excited about our partnership with Bain Capital because we are convinced that it will enable us to even more strongly fulfill our purpose of becoming a preferred workflow solution partner for a broad range of customers in the life science and industrial markets.”

Yuji Sugimoto, Partner of Bain Capital in Japan, said “Bain Capital is committed to supporting Evident on its sustainable growth path to allow the company to foster an accelerated innovation process.”

Stephen Thomas, Partner of Bain Capital in North America, added “Evident is at the frontier of digital optical technology in the life science and industrial end markets, and has great potential to expand into new products, new customers, and new markets as an independent company.”

About EVIDENT

At Evident, we are guided by the scientific spirit—innovation and exploration are at the heart of what we do. Committed to making people’s lives healthier, safer, and more fulfilling, we support our customers with solutions that solve their challenges and advance their work—whether it’s researching medical breakthroughs, inspecting infrastructure, or exposing hidden toxins in consumer products.

Evident Industrial’s solutions range from microscopes and videoscopes to nondestructive testing equipment and X-ray analyzers for maintenance, manufacturing, and environmental applications. Backed by state-of-the-art technologies, Evident’s products are widely used for quality control, inspection, and measurement.

Evident Life Science empowers scientists and researchers through collaboration and cutting-edge life science solutions. Dedicated to meeting the challenges and supporting the evolving needs of its customers, Evident Life Science advances a comprehensive range of microscopes for pathology, hematology, IVF, and other clinical applications as well as for research and education.

For more information, visit www.EvidentScientific.com

About Bain Capital Private Equity

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of more than 280 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 23 offices on four continents. The firm has made primary or add-on investments in more than 1,100 companies since its inception. In addition to private equity, Bain Capital invests across multiple asset classes, including credit, public equity, venture capital and real estate, managing approximately $160 billion in total assets and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.

For more information, please visit www.baincapitalprivateequity.com.

Media Contact:
Tobias Ruckes, Global Corporate Communications
Tobias.Ruckes@EvidentScientific.com

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