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Nasuni Announces Majority Investment Led by Vista Equity Partners at $1.2 Billion Valuation

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TCV and KKR also Participate as New Investors
BOSTON, July 9, 2024 /PRNewswire/ — Nasuni, a leading enterprise data platform for modern hybrid cloud environments, today announced a strategic growth investment led by Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Vista will be joined by TCV and KKR in the new investment, which values Nasuni at approximately $1.2 billion.

The investment will build on Nasuni’s strong momentum disrupting the legacy storage industry to further accelerate product innovation and commercial expansion in the global hybrid cloud market. Further terms of the transaction were not disclosed.
“At Nasuni, we care first and foremost about the success of our customers, partners, and employees,” said Paul Flanagan, CEO of Nasuni. “We are maniacal about our commitment to delivering quality in every aspect of our business and interaction with our customers. This investment and our strategic partnership with Vista, TCV, and KKR will allow us to build upon that commitment, scale with purpose and continue to innovate as we look to take Nasuni to the next level.”
Nasuni’s success to-date includes award winning technology, top decile customer retention rates, industry leading NPS scores, and a consistent 30% growth rate in a market that is rapidly expanding with the advent of hybrid cloud and AI. Nasuni’s data platform is used by over 850 companies spanning 70 countries, and is in use by some of the largest enterprises in the manufacturing, consumer goods, and energy industries.
“Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure, and highly cost-effective.”
BofA Securities served as the exclusive financial advisor and Goodwin Proctor LLP served as legal advisor to Nasuni. Kirkland & Ellis LLP served as legal counsel to Vista and TCV. KKR is making the investment through its Next Generation Technology III Fund.
About Nasuni
Nasuni is a scalable data platform for enterprises facing an explosion of unstructured data in an AI world.
The Nasuni File Data Platform delivers effortless scale in hybrid cloud environments, enables control at the network edge, and meets the modern enterprise expectation for insight- and AI-ready data. It simplifies file data management while increasing storage access and performance. Its best-in-class file recovery protects customers against a range of cyber threats and eliminates the need for specialized backup and disaster recovery – all while cutting the cost of infrastructure by up to 65%. 
Organizations worldwide rely on Nasuni, spanning across the manufacturing, construction, energy, consumer goods, and public sectors. Nasuni’s corporate headquarters is in Boston, Massachusetts, and the company delivers services to over 70 countries. For more information, visit www.nasuni.com.
About Vista Equity Partners
Vista is a leading global investment firm with more than $100 billion in assets under management as of December 31, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.
About TCV
For nearly thirty years, TCV has partnered with global, category-defining, technology companies as a leading growth equity investor. Leveraging its deep industry expertise and strategic resources, TCV’s mission is to provide long-term capital and support to high-quality management teams across their growth journey. Since its founding in 1995, TCV has invested over $20 billion in more than 350 technology companies worldwide and has supported over 150 IPOs and strategic acquisitions, making it one of the most active technology investors. Select investments include Airbnb, AxiomSL, Built, CCC Intelligent Solutions, Celonis, Clio, Cradlepoint, ETQ, ExactTarget, Expedia, Facebook, Fandango, Genesys Software, GoDaddy, GoFundMe, HomeAway, Miro, Netflix, Nubank, OneSourceVirtual, Prodege, Qonto, Relex, Revolut, SilverPeak, Splunk, Sportradar, Spotify, Toast, Twillio, and Zillow. TCV has a global presence in Menlo Park, New York, London and Melbourne. For more information on TCV and its investments, visit tcv.com.
About KKRKKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing worldclass people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
Media Contacts
NasuniKristin [email protected]
Vista Equity PartnersBrian W. [email protected]
[email protected]
KKRLiidia [email protected]
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NewPhotonics Introduces NPG102 Transmitter-on-Chip for DSP-based Optical Modules Serving 1.6 Tbps AI-era Data Center Interconnect

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Optical head transmitter with integrated lasers enables all-optics transceiver innovation in network and compute infrastructure
TEL AVIV, Israel, Sept. 19, 2024 /PRNewswire/ — NewPhotonics Ltd., a leader in advanced integrated photonics technologies, today introduced its NPG102 PIC transmitter on chip (TOC) at1.6Tbps for DSP-based optical transceiver modules.  The NPG102 TOC delivers low latency data communications at low power consumption and reduced channel loss to meet the increasing AI-cluster processing demands on data center infrastructure.

The optimized flip-chip integrates octal channel, auto-tunable lasers and 224Gbps PAM4 modulation featuring aggregated bandwidth at 1.6Tbps with electrical to optical transmission. Internal ADC/DAC supports channel control and monitoring in a package with on-chip temperature monitoring at low 2.9W power consumption.
Integrated Lasers Improve Module Time to Market
Designed for pluggable OSFP modules, the monolithically integrated lasers and modulators improve system integration with wafer-level laser alignment and integrated direct modulation. This additional advantage of all-optics innovation in the transceiver chip design results in accelerated OEM manufacturing yield maturity and time to market for transceiver module delivery.
“As data centers worldwide strive to accelerate infrastructure improvements that enhance AI workload performance, the entire value chain is seeking progressive solutions that deliver faster and more energy efficient data processing.” said Doron Tal, senior vice president and general manager of Optical Connectivity. “Our all-optics innovation roadmap for the NPG102 for 1.6Tbps DSP-based modules puts data centers on a path in this decade to deliver higher capacity, low power optical connectivity.”
The NewPhotonics NPG102 PIC transmitter-on-chip for DSP-based transceiver module sampling will be available in Q2 2025.
About NewPhotonics
NewPhotonics is a fabless semiconductor designs, develops and manufactures photonic integrated circuit (PIC) solutions for AI-era data center optical communications. Our integrated NPG102 PIC transmitter on chip family delivers low latency, reduced power in optical transceiver modules for all-optics connectivity. The company’s silicon photonics innovations breakthrough speed, energy and distance barriers in optical I/O in a new all-optics paradigm. NewPhotonics, based in Tel Aviv, Israel, is privately held and funded. For more information visit www.newphotonics.com 
Press Contact:
Corporate [email protected]+972 3 614-3147
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Artificial Intelligence

Royal Meteorological Society’s Public Vote opens for 2024 ‘Standard Chartered Weather Photographer of the Year’ Award

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LONDON, Sept. 19, 2024 /PRNewswire/ — The public vote for the Standard Chartered Weather Photographer of the Year 2024 is now open. From 19 September to 17 October, individuals can vote for their favourite image from a shortlist showcasing the world’s most striking weather and climate photography.

Now in its ninth year, the competition, organised by the UK’s Royal Meteorological Society, serves as an international platform to raise awareness of the environmental issues putting our planet at risk—including heatwaves, cyclones, and extreme flooding—while also depicting the awe-inspiring beauty and power of the weather.
With the introduction of the Standard Chartered Climate Award in 2024, the competition attracted thousands of entries from photographers of all ages and skill levels worldwide. Many participants were eager to document the human impacts of extreme weather events such as floods, droughts, and wildfires.
The shortlist gallery for the public vote is available on the Royal Meteorological Society’s website, featuring 25 outstanding weather and climate photographs.
Highlights include a Saharan dust storm; an ice halo, rare red sprite lightning; and sublime landscapes blanketed in hoarfrost. The shortlist gallery also provides insights into the science behind the weather phenomena and the stories behind the images—as well as the photographers’ adventures and the techniques used to capture them.
View the shortlist and vote for your favourite.
Competition Timeline
Public Vote Open: 19 September (07:00 BST) – 17 October (23:59 BST)
Winners’ Announcement: 30 October 2024
Professor Liz Bentley, Chief Executive of the Royal Meteorological Society, commented:
“In my nine years judging this competition, I always see something new and astonishing. This year’s entrants have highlighted those regions of the world facing the worst impacts of climate change, but they also bring home the message that climate change is affecting the weather patterns of the more temperate climates and the most comfortable of societies too. We need to galvanise and act now to make change happen.”
Marisa Drew, Chief Sustainability Officer at Standard Chartered, commented: 
“In the second year of our sponsorship, I am once again struck by the photography surfaced in the shortlist, which showcases the impacts of our changing climate on communities and our natural environment. With winners announced next month, I look forward to seeing which photograph wins our new Climate Award, introduced this year to bring greater awareness to the importance of climate mitigation and adaptation. Good luck to everyone on the shortlist.”
Read Notes to Editors
Download high-res or low-res images, captions and image copyright attribution here.
 
 

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XRP Healthcare Magazine Unveils Groundbreaking AI Development in 4th Issue, Featuring Elon Musk

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DUBAI, UAE, Sept. 19, 2024 /PRNewswire/ — The highly anticipated fourth edition of XRP Healthcare Magazine has arrived, featuring an exciting and innovative update on XRP Healthcare’s rapid progress in artificial intelligence (AI). Despite being less than two years old, the company continues to make incredible strides in healthcare innovation. This issue highlights the launch of the XRPH AI chatbot—a multi-lingual digital assistant designed to deliver personalized health advice that spans traditional, holistic, and conventional treatments. Available at www.xrph.ai, the chatbot offers country and region-specific insights, tailored to users’ unique medical needs.

 
 
The XRPH AI chatbot stands out for its ability to generate custom personal training programs based on users’ weight, height, ethnicity, injuries, and diet preferences. It also provides advice on meditation techniques, nutrition, and cutting-edge treatments for terminal illnesses, such as cancer. XRP Healthcare has a dedicated AI development team continuously working to evolve the chatbot, with more innovations planned for release later this quarter.
Chairman Whitney Lynn commented, “The XRPH AI chatbot is a significant breakthrough in personalized healthcare. We’re blending modern AI technology with holistic medical wisdom to create an intuitive tool that is accessible to users around the globe.”
As part of the magazine’s main feature, it also explores Elon Musk’s game-changing investments in AI, which are revolutionizing healthcare through projects like Neuralink. Musk’s advancements are pushing the boundaries of medical diagnostics and treatment, fostering healthy competition in the AI sector and driving the next golden age of innovation.
CEO Kain Roomes added, “The incredible progress we’ve made since inception is a testament to our vision and dedication. Our AI chatbot is just the beginning, and with our dedicated team, we are constantly looking for new ways to improve healthcare experiences.”
Keith Errey, CTO of XRP Healthcare and founder of Isansys Lifecare, also plays a key role in the company’s AI-driven approach. His previous work at Isansys Lifecare involved a groundbreaking partnership with The Birmingham Women’s and Children’s NHS Foundation Trust, where they deployed the Patient Status Engine—a state-of-the-art monitoring platform that detects early signs of patient deterioration, enabling faster and more effective care. Speaking at the Thames Valley Chamber of Commerce International Technology Conference earlier this year, Keith emphasized the pivotal role of AI in healthcare: “The big win in AI will be organizational efficiency. That for the NHS has to be the way forward.” His expertise continues to shape XRP Healthcare’s AI innovations.
The fourth issue of XRP Healthcare Magazine also features Chantelle Gosling-Udonwa, founder of a revolutionary, eco-friendly children’s toy company, and Sam Desalu, founder of the Cornerstone Foundation, which is rekindling hope in Africa through grassroots healthcare initiatives. Additionally, the magazine celebrates the Top 10 female CEOs in Africa and explores Donald Trump’s political future and its potential impact on healthcare and cryptocurrency.
Free physical copies of the magazine can be ordered from www.xrphealthcare.ai (postage costs apply) or downloaded from ISSUU here. With XRP Healthcare’s rapid progress and exciting updates expected later this quarter, this issue is a must-read for anyone interested in the future of AI and healthcare.
About XRP Healthcare:XRP Healthcare is revolutionizing global healthcare with blockchain & AI. As the first Pharma and Healthcare platform built on the XRP Ledger, our Prescription Savings Card in the USA enhances accessibility and affordability. Meanwhile, our mergers and acquisitions in Africa are broadening healthcare access across the continent.
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