Investment stories - Page 5

Logicalis has inaugurated its Malaysia office, uniting regional teams and enhancing services in APAC, including a new SOC for advanced threat detection and response.

At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls.

Despite rising cybersecurity investments, a new Appsbroker CTS survey reveals a growing sense of insecurity among UK's IT leaders, with 87% losing sleep over cyber risks.

V2 Digital's first State of AI in Australia report highlights early stages of AI adoption, barriers, and potential for business growth, with only 21% showing AI maturity.

New Zealand's AI Forum unveils a detailed AI Blueprint for Aotearoa, aiming to make the country a leading hub for responsible AI innovation by 2030.

An IT outage caused by a faulty update from CrowdStrike halted 8.5 million Windows PCs, disrupting airlines and the NHS; a fix and reboot are now advised.

Organisations are significantly boosting their generative AI investments, with nearly a quarter now integrating the technology, up from 6% in 2023.

DeepL unveils an advanced language model for superior translations and editing, setting new industry standards and offering businesses unmatched efficiency.

Konica Minolta Australia's 2024 IT trends report has revealed that 68% of C-suite execs focus on operational efficiency.

Endor Labs secures strategic investment from Citi Ventures, boosting its mission to protect software supply chains for major financial institutions.

The King's Speech has sparked debate on cybersecurity and AI, with industry leaders urging a stronger focus on healthcare security and AI regulations.

BGF has invested GBP £5 million into Cardiff's PureCyber, a fast-growing cybersecurity firm, appointing Ben Marnham as Non-Executive Chair to spearhead further growth.

Ivanti’s latest Risk Communications report shows 71% of security professionals anticipate increased 2024 cybersecurity budgets, but confidence gaps persist between IT and business leaders.

Nasuni secures majority investment led by Vista Equity Partners, valued at approximately USD $1.2 billion, to boost growth and innovation in the hybrid cloud market.

Shopify's Southeast Asia Retail Report 2024 reveals 68% of regional retailers will up social commerce spending amid economic challenges, driven by rising consumer engagement on platforms like TikTok.

Trust is paramount in the crypto world. Exchanges must earn it through robust security, user education, and transparency to ensure a safe investment environment.

Fortinet has been named a Challenger in the 2024 Gartner Magic Quadrant for Single-Vendor SASE, highlighting its efforts in simplifying operations and enhancing security.

The enterprise IoT market hit USD $269 billion in 2023, with 15% growth. Expected deceleration in 2024 due to economic concerns could shift investment focus to software.

Riverside appoints former Deliveroo CEO Ed McManus as Senior Operating Partner, aiming to leverage his extensive experience to drive growth in Australia and New Zealand.

Australian startup Fugu secures seed funding led by Investible to develop solid direct air capture technology aimed at large-scale CO2 removal.