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Transform 2021 puts the spotlight on women in AI

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Elevate your enterprise data technology and strategy at Transform 2021.


VentureBeat is proud to bring back the Women in AI Breakfast and Awards online for Transform 2021. In the male-dominated tech industry, women are constantly faced with the gender equity gap. There is so much work in the tech industry to become more inclusive of bridging the gender gap while at the same time creating a diverse community.

VentureBeat is committed year after year to emphasize the importance of women leaders by giving them the platform to share their stories and obstacles they face in their male-dominated industries. As part of Transform 2021, we are excited to host our annual Women in AI Breakfast, presented by Capital One, and recognize women leaders’ accomplishments with our Women in AI Awards.

Women in AI Breakfast:

VentureBeat’s third annual Women in AI Breakfast, presented by Capital One, will commemorate women leading the AI industry. Join the digital networking session and panel on July 12 at 7:35 a.m. Pacific.

This digital breakfast includes networking and a discussion on the topic surrounding “Women in AI: a seat at the table.” Our panelists will explore how we can get more women into the AI workforce, plus the roles and responsibilities of corporates, academia, governments, & society as a whole in achieving this goal.

Featured speakers include Kay Firth Butterfield, Head of AI and Machine Learning and Member of the Executive Committee, World Economic Forum; Kathy Baxter, Principal Architect, Ethical AI Practice, Salesforce; Tiffany Deng, Program Management Lead- ML Fairness and Responsible AI, Google; and Teuta Mercado, Responsible AI Program Director, Capital One. Registration for Transform 2021 is required for attendance.

Women in AI Awards: 

Once again, VentureBeat will be honoring extraordinary women leaders at the Women in AI Awards. The five categories this year include Responsibility & Ethics of AI, AI Entrepreneur, AI Research, AI Mentorship, and Rising Star.

Submit your nominations by July 9th at 5 p.m. Pacific. Learn more about the nomination process here.

The winners of the 2021 Women in AI Awards will be presented at VB Transform on July 16th, alongside the AI Innovation Awards. Register for Transform 2021 to join online.

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VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

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Source: https://venturebeat.com/2021/06/11/transform-2021-puts-the-spotlight-on-women-in-ai/

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AR/VR

Pixieray raises $4.4M for glasses that adapt to what you’re looking at on the fly

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Elevate your enterprise data technology and strategy at Transform 2021.


Pixieray has raised $4.4 million in seed funding to develop what it calls adaptive eyeglasses, which can adjust their lenses to bring into focus anything that you’re looking at.

You can think of it as a pair of prescription eyeglasses where the lenses can zoom in or out, much like the camera on your iPhone, so that your vision is good no matter what you’re looking at. It’s like eyeglasses with autofocus.

Based in Espoo, Finland, Pixieray is revealing its project, funding, product vision, and other details today for the first time.

CEO Niko Eiden said in an interview with VentureBeat that the company’s optical solution to eyeglasses will give perfect vision to the wearer in all use contexts. A traditional eyeglass lens is a mechanical and optical compromise, with fixed focal points. Pixieray’s adaptive solution, on the other hand, constantly adjusts the focal point and applies the ideal correction. This reduces eye strain and substantially increases user comfort, he said.

“We actually realized that the technology has progressed quite a bit from the miniaturization perspective and the power perspective,” Eiden said. “We learned that we could do glasses in a completely new way. That’s why we started Pixieray. We want to transform existing glasses and make the best glasses the market has ever seen.”

Shipping in 2023

Above: Pixieray is making glasses with autofocus ability.

Image Credit: Pixieray

The company’s first product isn’t coming for a while, but the company has a prototype. The goal is to enable people with a farsighted eyeglass prescription to read and work with optimal vision, removing cumbersome multifocals and the need to switch eyeglasses. Optical strength can be adjusted by the wearer over time to match changes in their vision. Pixieray technology also significantly increases the clear field of view compared to multifocal lenses.

“From an adaptability perspective, we will understand what you’re looking at, and then we will be adjusting the glasses accordingly,” Eiden said. “It’s a continuous loop that will be taking place. So for people working on a computer screen, they will get the best perspective for the computer screen. If you’re looking far out, you will have the best possible glasses for driving, and and if you’re reading, you will again have the best possible glasses.”

The company plans to expand somewhat to about 10 people. The glasses are expected to ship in 2023. That’s a realistic timeline, but it could give competitors a chance to catch up, now that everybody knows what the plan is. The company won’t disclose its tech or its product for some time still. But the company does say its product won’t resemble virtual reality or augmented reality headsets or glasses.

Pixieray is hiring across various positions in engineering and operations. The investors include Maki.vc (Finland), First Fellow (Finland), Amazon Alexa Fund (U.S.), Firstminute capital (U.K.), Bragiel Brothers (U.S.), and individual investors David Helgason (Denmark), Ilkka Paananen (Finland), and John Lindfors (Hong Kong, China).

Above: Rebecca Xu is chief operation officer at Pixieray.

Image Credit: Pixieray

Eiden previously worked at Microsoft, Varjo, and CERN. Other founders include COO Rebecca Xu, CTO Klaus Melakari, and Ville Miettinen, whose title is chief algorithm officer. Jocelyn Faubert, a professor and director of the Faubert Lab at the Université de Montréal, serves as an adviser.

“Pixieray has a world class team with track records in solving complex technology problems on behalf of customers,” said Paul Bernard, director of the Amazon Alexa Fund, in a statement. “The team has a compelling vision (pardon the pun) for advancing the state of the art in corrective eyewear in a way that moves computing to the background and makes it truly ambient. We look forward to working with Niko and team to help make their vision a reality.”

New board, new hires

Eiden said he believes the technology can make a difference for millions of people around the world who rely on eyeglasses in daily life. To help address this challenge, the company is adding two new board members, Risto Siilasmaa of First Fellow Partners (and former chairman of Nokia) and Ilkka Kivimaki of Maki.vc.

Pixieray is hiring new recruits in the Helsinki region. The founders started the company just a month ago but have been thinking about the tech for a while.

The glasses could be particularly useful for people who have jobs like welding that entail wearing helmets, ski masks, virtual reality goggles, or diving goggles. But the goal is to crack the regular glasses market first.

The glasses probably don’t have to change the lenses that often — no more than 100 milliseconds or longer. That isn’t that hard to do, Eiden said, as a person’s eyes move pretty slow. It could be paired with a mobile phone, particularly if it requires connectivity or more processing power. But the intent is to make them feel no different than ordinary glasses.

The company will partner with a manufacturer that can produce the glasses. But the company will have to perfect them first.

“The way we work is to take existing components — not products but technologies and features — and we combine the stuff in a completely new way,” Xu said in an interview. “We take a much faster approach.”

This could be timely, since Eiden said our eyes have been getting worse.

“The traditional conventional correction method for a pair of spectacles is typically providing static optical power,” he said. “Pixieray lenses adjust optical power on the fly. We provide optical power at the point of where the user is looking.”

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

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Source: https://venturebeat.com/2021/06/10/pixieray-raises-4-4m-for-glasses-that-adapt-to-what-youre-looking-at-on-the-fly/

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AI

Bain and Crosspoint Capital acquire ExtraHop in $900M deal

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Elevate your enterprise data technology and strategy at Transform 2021.


Bain Capital Private Equity and Crosspoint Capital Partners today announced that they’ve entered into a definitive agreement to acquire ExtraHop, a network detection and response (NDR) provider headquartered in Seattle, Washington. As a part of the strategic transaction, which is valued at $900 million, ExtraHop CEO Arif Kareem and cofounders CTO Jesse Rothstein and CCO Raja Mukerji will continue in their respective roles and Rothstein and Mukerji will remain “significant” investors in the company.

The acquisition comes as the NDR market experiences growth attributable, at least in part, to the pandemic. According to research from Gartner, IDC, Truist, and others, the NDR now exceeds $1 billion and is the second-fastest-growing cybersecurity segment behind cloud access security brokers. In a nutshell, NDR enables organizations to monitor network traffic for malicious actors and suspicious behavior and react and respond to the detection of cyber threats to the network. It’s critical at a time when the average cost of a data breach now exceeds $3.86 million and the average time to identify a breach is 207 days, according to IBM.

ExtraHop sells products that analyze network interactions and leverage machine learning to identify threats in real time. Rothstein and Mukerji, formerly senior engineers at F5 Networks and architects of the company’s BIG-IP v9, founded ExtraHop in 2007 with the goal of helping organizations understand and secure their environments.

ExtraHop sells products for security and IT operations use cases. The core of its technology is a passive network appliance that uses a tap or port mirroring to receive network traffic and perform reassembly to extract app-level metrics and other information. A subset of these metrics is sent to the cloud and used as machine learning features to proactively detect behavior that could indicate data breaches, ransomware, or performance issues.

ExtraHop’s network sensors can be deployed with self-managed physical and virtual appliances or in zero-infrastructure software-as-a-service operations. The company’s products are cloud-agnostic, and its sensors can be deployed on-premises — in datacenters; on campuses; at remote sites; or in multiple cloud environments, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

In 2018, ExtraHop launched Reveal(x), a network detection and response product for security operations teams. And in 2020, the company debuted Reveal(x) 360, a fully software-as-a-service-based version of its platform. The company said revenue exceeded $100 million in 2018.

Kareem asserts that the acquisition will provide ExtraHop the opportunity to grow faster and “accelerate” innovation to help customers defend their operations from cyberthreats. He also stresses that there will be “no change whatsoever” for customers or to ExtraHop’s product roadmap and current and future customer commitments.

“Customers will continue to work with the same teams and receive the same high level of service, engagement, and innovation they’ve come to expect,” Kareem told VentureBeat via email. “ExtraHop will continue to operate under its own brand, but following the closing will be majority-owned by Bain Capital and Crosspoint Capital … Both Bain Capital and Crosspoint Capital bring seasoned investors to ExtraHop and provide us the opportunity to accelerate investments in critical areas, build upon our initial successes in the NDR market, and expand our footprint in cybersecurity. This transaction allows us to accelerate our mission and vision through the support of growth-oriented owners who have cybersecurity industry expertise and strong access to capital.”

Accelerating growth

Bain’s Max de Groen notes that ExtraHop is among the first investments from Crosspoint Capital Fund I, a $1.3 billion private equity fund focused on the cybersecurity, privacy, and infrastructure software sectors. It’s also the first dedicated investment made from Bain Capital Fund XIII, Bain’s latest flagship $11.8 billion private equity fund.

The global cybersecurity market is estimated to be worth $418.3 billion by 2028, according to Quince Market Insights. Within the past three years alone, Insight Partners purchased a $780 million controlling stake in threat intelligence vendor Recorded Future, Carbonite paid $622 million for endpoint security firm Webroot, and Palo Alto Networks acquired analytics and automation vendor Demisto for $474.2 million.

“Kareem’s approach is uniquely positioned to help enterprises defend against the most advanced cyberthreats and address the security challenges of multicloud environments, enterprise internet of things, and hybrid workforces,” De Groen said in a press release. “We’re thrilled to join the talented team at ExtraHop, in partnership with Crosspoint Capital, to help accelerate the growth of the business and continue advancements in the art of cyberdefense.”

The deal is expected to close in the summer of 2021, subject to customary closing conditions.

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

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Source: https://venturebeat.com/2021/06/08/bain-and-crosspoint-capital-acquire-extrahop-in-deal-worth-900m/

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AI

Bain and Crosspoint Capital acquire ExtraHop in $900M deal

Published

on

Elevate your enterprise data technology and strategy at Transform 2021.


Bain Capital Private Equity and Crosspoint Capital Partners today announced that they’ve entered into a definitive agreement to acquire ExtraHop, a network detection and response (NDR) provider headquartered in Seattle, Washington. As a part of the strategic transaction, which is valued at $900 million, ExtraHop CEO Arif Kareem and cofounders CTO Jesse Rothstein and CCO Raja Mukerji will continue in their respective roles and Rothstein and Mukerji will remain “significant” investors in the company.

The acquisition comes as the NDR market experiences growth attributable, at least in part, to the pandemic. According to research from Gartner, IDC, Truist, and others, the NDR now exceeds $1 billion and is the second-fastest-growing cybersecurity segment behind cloud access security brokers. In a nutshell, NDR enables organizations to monitor network traffic for malicious actors and suspicious behavior and react and respond to the detection of cyber threats to the network. It’s critical at a time when the average cost of a data breach now exceeds $3.86 million and the average time to identify a breach is 207 days, according to IBM.

ExtraHop sells products that analyze network interactions and leverage machine learning to identify threats in real time. Rothstein and Mukerji, formerly senior engineers at F5 Networks and architects of the company’s BIG-IP v9, founded ExtraHop in 2007 with the goal of helping organizations understand and secure their environments.

ExtraHop sells products for security and IT operations use cases. The core of its technology is a passive network appliance that uses a tap or port mirroring to receive network traffic and perform reassembly to extract app-level metrics and other information. A subset of these metrics is sent to the cloud and used as machine learning features to proactively detect behavior that could indicate data breaches, ransomware, or performance issues.

ExtraHop’s network sensors can be deployed with self-managed physical and virtual appliances or in zero-infrastructure software-as-a-service operations. The company’s products are cloud-agnostic, and its sensors can be deployed on-premises — in datacenters; on campuses; at remote sites; or in multiple cloud environments, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

In 2018, ExtraHop launched Reveal(x), a network detection and response product for security operations teams. And in 2020, the company debuted Reveal(x) 360, a fully software-as-a-service-based version of its platform. The company said revenue exceeded $100 million in 2018.

Kareem asserts that the acquisition will provide ExtraHop the opportunity to grow faster and “accelerate” innovation to help customers defend their operations from cyberthreats. He also stresses that there will be “no change whatsoever” for customers or to ExtraHop’s product roadmap and current and future customer commitments.

“Customers will continue to work with the same teams and receive the same high level of service, engagement, and innovation they’ve come to expect,” Kareem told VentureBeat via email. “ExtraHop will continue to operate under its own brand, but following the closing will be majority-owned by Bain Capital and Crosspoint Capital … Both Bain Capital and Crosspoint Capital bring seasoned investors to ExtraHop and provide us the opportunity to accelerate investments in critical areas, build upon our initial successes in the NDR market, and expand our footprint in cybersecurity. This transaction allows us to accelerate our mission and vision through the support of growth-oriented owners who have cybersecurity industry expertise and strong access to capital.”

Accelerating growth

Bain’s Max de Groen notes that ExtraHop is among the first investments from Crosspoint Capital Fund I, a $1.3 billion private equity fund focused on the cybersecurity, privacy, and infrastructure software sectors. It’s also the first dedicated investment made from Bain Capital Fund XIII, Bain’s latest flagship $11.8 billion private equity fund.

The global cybersecurity market is estimated to be worth $418.3 billion by 2028, according to Quince Market Insights. Within the past three years alone, Insight Partners purchased a $780 million controlling stake in threat intelligence vendor Recorded Future, Carbonite paid $622 million for endpoint security firm Webroot, and Palo Alto Networks acquired analytics and automation vendor Demisto for $474.2 million.

“Kareem’s approach is uniquely positioned to help enterprises defend against the most advanced cyberthreats and address the security challenges of multicloud environments, enterprise internet of things, and hybrid workforces,” De Groen said in a press release. “We’re thrilled to join the talented team at ExtraHop, in partnership with Crosspoint Capital, to help accelerate the growth of the business and continue advancements in the art of cyberdefense.”

The deal is expected to close in the summer of 2021, subject to customary closing conditions.

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more

Become a member

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://venturebeat.com/2021/06/08/bain-and-crosspoint-capital-acquire-extrahop-in-deal-worth-900m/

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