Artificial Intelligence
Quantum Star Technologies Launches AI-based Malware Detection Software, Promises Unmatched “Zero-Day” Detection
Quantum Star Technologies, an AI-based cybersecurity company, unveiled its exclusive malware detection technology, Starpoint.
This patented technology is engineered to detect any type of threat through deep learning at the binary level both pre and post-execution, exponentially reducing the time to detection.
Starpoint enters the cybersecurity world at the critical time in which the average ransomware payment has increased by 82% just last year. With ransomware solidifying its presence as a global threat, a solid cybersecurity posture has never been more integral to a company’s safety. Current cybersecurity solutions rely on static traditional means for detecting threats. Quantum Star Technologies has developed a revolutionary and unique approach to securing the world’s data through deep learning.
Using a proprietary algorithm to detect characteristics of malicious code, Starpoint is essentially agnostic to data type, allowing it to be tailored to virtually any environment or system. In the detection process, data is reorganized into a multidimensional coordinate system and then fed into an advanced neural network for evaluation. These data points converge into information that Starpoint relays to the user as malicious or benign. What traditionally took weeks or months, is reduced to minutes and seconds with Starpoint.
Starpoint is able to achieve greater than 99% accuracy with NO prefiltering in place, while also requiring very low resource consumption to execute. The proprietary Core Engine has low memory and compute consumption with scan times varying in between 10-30 milliseconds. The engine was designed to be deployed on any OS at any layer in the network – allowing for integration throughout a customer’s existing tech stack, and offering protection independent of internet connectivity.
Faster and smarter technology allows Starpoint to successfully integrate with a company’s existing cybersecurity posture, combating global threats at an exponentially lower cost to companies.
“One of the strengths of Starpoint is deploying it in such a way so that it augments existing cyber security postures.” says CEO Jeff Larson, “It brings an added, unmatched layer of security that is computationally inexpensive to integrate into already existing platforms. This, paired with Starpoint’s speed to detection, can lower internal costs of large enterprises, saving them potentially millions of dollars a year that could be reallocated to different areas.”
Founded in Coeur d’Alene, Idaho in 2018, Quantum Star Technologies became incorporated on August 15th, 2020, and was fully funded by Kingdom Capital in September of that same year. Quantum Star Technologies is strengthened by collaboration with Kingdom Capital’s CTO & Technology Investment Group President, Chett Guess, CEO Brandon Mann, Strategic advisor Dean Vandekamp, and Worldwide Technology co-founder Dave Stewart. The transaction was brokered by Andrew Speciale from Polsinelli Attorneys and Rick Repp from the Weatherspoon & Kelly Law firm.
Starpoint emerges on the scene as an unparalleled AI solution for private and commercial consumption. Founders Jeff Larson, Paul Swaim, and Garrett Oetken share a commitment to increased cybersecurity protection in the ever-changing ransomware landscape.
With patents (one completed, two pending) in the US, Europe, and Israel, Starpoint boasts bleeding edge technology that predicts maliciousness of code at a speed far above industry standards. IP Attorney Tyson Crane from the law firm Chang and Hale filed the patents for this technology. Unlike other AI-based malware detection software, Starpoint is extremely fast and agile, consuming minimal computation resources and promising to be the new standard for cybersecurity.
Artificial Intelligence
Erste Asset Management Selects Clearwater Analytics to Help Support Business Growth
Clearwater Will Aggregate Multi-Asset Client Investment Data, Help Increase Asset Flows and Strengthen Client Service
BOISE, Idaho and VIENNA, May 14, 2024 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Erste Asset Management GmbH, part of Erste Group Bank AG, has joined its community of European buy-side clients. Erste Asset Management (Erste AM) is one of the leading asset managers in Central and Eastern Europe managing €81.4 billion in assets for a broad client base including pension plans.
Erste AM has chosen Clearwater’s cloud-native client reporting platform following a rigorous RFP selection process. By leveraging the Clearwater PRISM platform, Erste AM will be able to provide highly customized digital client experiences. Additionally, clients will have the ability to configure insights and analytics as well as access data in a self-service manner, allowing for quick reporting changes when needed.
“We are dedicated to surpassing customer expectations and providing exceptional client reporting across all channels,” said Winfried Buchbauer, COO and Board Member of Erste Asset Management. “Clearwater stood out from other solutions due to its flexible and cloud-native client reporting solution. Clearwater PRISM will allow us to easily tailor reports to our clients’ needs. With a comprehensive view of data, insights, and relevant analytics, our team is empowered to help differentiate our offerings in the market.”
“We understand the importance of this project to Erste Asset Management and are appreciative of the trust they have placed in us to deliver for their employees, stakeholders and clients,” expressed Keith Viverito, General Manager of EMEA and APAC at Clearwater Analytics. “This partnership underscores the best-in-class client reporting capabilities of our Clearwater PRISM platform. By bridging a critical industry gap, PRISM empowers firms like Erste Asset Management to centralize reporting across multiple systems, simplifying and modernizing the operating model and unlocking opportunities for differentiation and significantly enhanced client reporting experiences.”
Clearwater PRISM is a leading data management and client reporting platform for firms that want a comprehensive view of their portfolios across multiple platforms and all asset types. Leading organizations are making Clearwater PRISM an integral part of their investment data management strategy. To learn more about Clearwater PRISM, speak to an expert today.
About Erste Asset Management
Erste Asset Management (Erste AM) coordinates, and is responsible for, all asset management activities within Erste Group Bank AG. At our offices in Austria, Croatia, Czech Republic, Germany, Hungary, Romania and Slovakia, we manage assets of EUR 81.4 bn (31.03.2024).
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater’s trusted data to drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.
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STOCKHOLM, May 14, 2024 /PRNewswire/ — Today, Tuesday 14 May, starting at 13:30 CEST, ASSA ABLOY hosts its Capital Markets Day in Prague, Czech Republic, where Nico Delvaux, President & CEO and Erik Pieder, CFO, will provide an update on ASSA ABLOY’s strategy and direction. This will include an overview of strategic activities that ASSA ABLOY is working on to continue to grow the business profitably. The financial targets of an EBIT-margin of 16-17% and an annual sales growth of 10% over a business cycle are re-confirmed. No detailed outlook statement will be made.
The CMD will also include an overview of Global Technologies’ business unit Global Solutions, the recently acquired Hardware and Home Improvement (HHI) as well as an overview of the Entrance Systems division.
Speakers during the day are Stephanie Ordan, Head of Global Solutions, Tim Goff, Head of Americas Residential (HHI) and Massimo Grassi, Head of Entrance Systems.
The CMD will continue tomorrow with a site visit at our cylinder factory in Rychnov, Czech Republic.
Some of the material from the CMD will be made available on our website www.assaabloy.com/group/en/investors a couple of days after the event.
For more information, please contact:Carl Wahlberg, Investor Relations OfficerPhone: +46 (0) 733 27 27 [email protected]
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Artificial Intelligence
HTX Ventures Invests in ChainML, Developer of Theoriq AI Agent Protocol, to Support Decentralized AI Agent Protocol Development
SINGAPORE, May 14, 2024 /PRNewswire/ — With a commitment to broadening the reach and usability of blockchain technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in ChainML, a Silicon Valley-based AI and ML development and research lab that recently unveiled its groundbreaking Agentic Base Layer, Theoriq.
ChainML recently raised $6.2 million during its Super Seed funding round, led by Hack VC. The funding underscores the confidence and excitement surrounding ChainML’s vision to seamlessly integrate AI into the decentralized world of blockchain and revolutionize the AI landscape. By providing a platform like Theoriq for limitless AI innovation, built on the principles of composability, extensibility, and community-driven governance, ChainML promises to offer an unmatched ecosystem for deploying sophisticated AI agents that leverage Web3 technology to ensure transparency, security, and efficiency.
Theoriq’s axioms, based on principles of social evolution and implemented with blockchain, lay the foundation for continuously improving, community-governed AI systems.
Key features include:
Agentic Primities: Fundamental elements in the ecosystem that facilitate autonomous interaction, embodying roles, behaviors, and functions that contribute directly to an agent’s capacity to operate independently within its environment.Modular Composability: Allowing developers to craft tailored AI solutions that can combine and be recombined to create sophisticated systems to evolve and adapt over time.Community Permissioned Governance: Ensuring that decision-making authority is vested in a diverse group of community stakeholders who actively contribute to and provide feedback on the quality of AI agents, ensuring that the technology aligns with collective goals and values.Edward, Managing Partner at HTX Ventures, said “ChainML’s Theoriq is an innovative platform that provides an actionable solution for AI agents to interact interchangeably, packed with more autonomy and capability. The platform paves the way for the future of AI, we are excited to be part of this journey.”
“Today marks a pivotal moment for ChainML and for the broader AI and Web3 communities,” said Ron Bodkin, Co-founder & CEO of ChainML. “With Theoriq, we’re not just launching a product—we’re spearheading a movement towards a transparent, community-governed AI ecosystem. HTX Ventures’ support will be instrumental as we unlock new potentials for AI integration within the decentralized space.”
HTX Ventures is excited to support innovative projects like ChainML, which combine AI development with blockchain to explore new synergies. Users can interact with the Theoriq testnet this summer by joining the waitlist.
Contact DetailsMichael [email protected]
Company Websitehttps://www.htx.com/en-us/ventures
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