Dcode adds venture capital network to support government-focused startups

Dcode | April 08, 2020

Government technology accelerator Dcode has added another offering to help startups find work with federal agencies: venture capital. Dcode recently launched Dcode Capital as an “invitation-only network of angel investors, VCs, and technology and government legends” to invest in larger rounds of funding for tech companies serving the federal government. For now, those companies are ones that have previously participated in the Dcode accelerator program.

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This X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Spotlight

This X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

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EMERGING TECHNOLOGY,CYBERSECURITY

Carahsoft and 1Kosmos Partner to Help Government Implement Zero Trust Using Passwordless Multi-Factor Authentication

Carahsoft | August 24, 2022

Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, and 1Kosmos, the company that unifies identity proofing and passwordless authentication, today announced a partnership. Under the agreement, Carahsoft will serve as 1Kosmos’ Master Government Aggregator® making its BlockID authentication platform available to the Public Sector through Carahsoft’s reseller partner network and NASA Solutions for Enterprise-Wide Procurement (SEWP) V and Information Technology Enterprise Solutions – Software 2 (ITES-SW2) contracts. The recent Executive Order on Improving the Nation's Cybersecurity (EO 14028) requires Federal civilian agencies to establish plans to drive adoption of Zero Trust Architecture. Carahsoft and 1Kosmos’ partnership provides access to the BlockID cloud-based service to help Local, State and Federal Governments adopt a Zero Trust approach to security by replacing passwords with identity-based multi-factor authentication (MFA). This service integrates with existing identity systems and combines indisputable digital identity proofing with advanced biometrics and passwordless authentication. “The addition of 1Kosmos to Carahsoft’s Zero Trust Solutions group provides Government agencies with a user-friendly method of verifying the identity of individuals accessing citizen services and resources that eliminate passwords, Together with 1Kosmos and our reseller partners we have the strength and expertise to help Government agencies efficiently modernize enrollment, on-boarding and authentication for digital services, without replacing their existing systems.” -Troy Meraw, Sales Manager at Carahsoft. Carahsoft is a trusted source for resellers and systems integrators who help Government agencies solve complex security and identity management challenges, said Greg Cranley, VP Federal and Public Sector for 1Kosmos. This partnership makes passwordless, identity-based MFA readily accessible to State, Local and Federal Governments that want to adopt Zero Trust access principles for employees, contractors and citizens. Through our BlockID service, we are ensuring the cybersecurity of our nation’s information. 1Kosmos BlockID is a distributed identity cloud service that integrates identity proofing, verification and live biometrics authentication, enabling Government agencies to: Provide workers and third-party contractors with a user-friendly enrollment, identity verification and on-boarding experience, as well as passwordless login. Protect against identity impersonation, account takeovers and transaction fraud. Modernize identity and access management (IAM) with identity-based authentication, advanced multi-factor authentication (MFA) and provide citizens a verified digital identity they control and use to access Government services. To strengthen the Public Sector’s cybersecurity defense, agencies need to implement Zero Trust principles that safeguard networks at every entry point. Carahsoft supports solutions that help Government organizations understand Zero Trust frameworks, develop a Zero Trust strategy, and implement a Zero Trust architecture. About Carahsoft: Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State, and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience, and more. Working with resellers, systems integrators, and consultants, our sales and marketing teams provide industry-leading IT products, services, and training through hundreds of contract vehicles. About 1Kosmos: 1Kosmos enables passwordless access for workers, customers and citizens to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST, FIDO2, and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital and Gula Tech Adventures with headquarters in Somerset, New Jersey.

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EMERGING TECHNOLOGY

medZERO Advances to Next Stage in LG’s Innovative Mission for the Future Global Challenge

medZERO | July 14, 2022

LG Electronics’ North American Innovation Center (LG NOVA) picked medZERO as one of the “Selected 20” startups advancing to the next stage of its Mission for the Future global challenge competition. The honor comes with $100,000 to help fund a collaboration for the next round of the competition. The recognition is the latest for the Portland-based startup medZERO, an employer-sponsored financial wellness platform that gives employees a smarter way to pay for healthcare via on-demand access to funds to pay their out-of- pocked expenses over time at zero interest and zero fees. In May, medZERO was one of six companies selected by the Meta Lab challenge, a prestigious competition sponsored by the Carolina Fintech Hub and MassChallenge, an international business accelerator program located in Boston. Since securing $5.7 million in seed funding last year from Silicon Valley powerhouses True Ventures, Village Global and other angel investors, medZERO launched its app in November 2021 and has been hiring and has more than doubled its customer base. Each of the 20 top contenders in the LG NOVA program were awarded $100,000 for proof-of-concept projects. medZERO was chosen in the Connected Health category as a company that is creating a new solution with potential to transform markets and industries, specifically as people change their perspective on new technology-based care. “We are honored to make it to this round, LG recognized that our highly scalable, mobile payments platform leverages technology to give employees greater control over their healthcare services and spending.” -Craig Froude, Co-Founder and CEO, medZERO. Chosen from a group of more than 1,300 applicants, the Selected 20 will continue in the process to develop their ideas while working closely with LG NOVA’s team of innovation and entrepreneurial experts over the next couple of months—with the goal of being chosen as a Mission for the Future challenge “Top 10” finalist. To be named in August 2022, the Top 10 will have the opportunity to build their business in collaboration with LG on an accelerated path to success, with full access to LG expertise, mentorship, and from NOVA Capital Alliance and investments from LG. Since its official launch in August 2021, the Mission for the Future challenge has invited innovators and entrepreneurs to submit their business ideas, technologies, and concepts that look to advance people, communities, and the planet. The initial “First 50” startups selected through the challenge program received access to basic business infrastructural support and networking after demonstrating exceptional proof-of-concept within emerging industries, as well as the potential for a successful partnership within the wider LG business. Over the last few months, our work with the First 50 startups has helped us continue to refine our vision for the future as we look at new areas of growth for LG, said LG Electronics Senior Vice President for Innovation Dr. Sokwoo Rhee, head of LG NOVA. We’re inspired by all of those who have participated to date with groundbreaking, thoughtful tech innovations to drive and contribute to our collaborative community and guiding principle of ‘outside-in’ innovation. With this announcement, we’re sharing the results of our ongoing work in engaging with the startup and entrepreneur community to create impactful technologies that will lead society into the future. About medZERO- medZERO is a Portland, Ore., healthcare-focused fintech company (www.medzero.com) designed to make healthcare accessible, affordable and equitable. Our employer sponsored platform provides employees instant access to funds to pay their out-of-pocket healthcare costs with no interest and no fees. Repayment is made through automatic payroll deduction and for users with Health Savings Accounts medZERO payments are pre-tax allowing them to save up to 30% on all qualified medical expenses. About LG NOVA- LG NOVA, the North American Innovation Center for global innovation leader LG Electronics, is a team focused on bringing innovation from the outside to LG. LG NOVA is based in Santa Clara, Calif. The center’s mission is to build, nurture and grow innovations that impact the future. About LG Electronics USA- LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is 2022 ENERGY STAR® Partner of the Year-Sustained Excellence. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow

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GOVERNMENT BUSINESS

SuperCom Secures New Electronic Monitoring Contract in South California

SuperCom | July 22, 2022

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has secured a new contract to deploy its Pure Security suite of electronic monitoring with a new customer in South California. This customer is a long-standing provider of products and services to the Criminal Justice market with primary operations in the southern part of California. SuperCom's proprietary electronic monitoring products and robust business model working directly with government agencies as well as electronic monitoring service providers were both instrumental in securing the contract. The contract is structured as a per unit per day lease model, with billing at the end of each month, for the use of the PureSecurity suite. "As a developer of public safety solutions, the stakes are high and we must be selective in who we work with. We are constantly impressed by the high caliber of partnerships with local providers we are able to form. These quality partnerships are a testament to the value our products bring to the market, We were able to secure this contract after our proprietary products were evaluated and compared to other competing products by a long-standing provider in the industry. SuperCom continues to win new business in a competitive and demanding market with legacy incumbent vendors, and each win continues to demonstrate industry acceptance and faith in our unique technology and innovative solutions. We expect to see more wins over our competition going forward." -Ordan Trabelsi, CEO and President of SuperCom. SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform with a comprehensive set of innovative features, including smartphone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens, and extended battery life. About SuperCom- Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification, and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

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