CYBERSECURITY
SmartSimple Software | March 10, 2023
On March 09, 2023, SmartSimple Software, one of the leading providers of cloud-based solutions for government grants management, announced the launch of SmartSimple Cloud +AI. The innovative product incorporates a comprehensive AI support system that spans the entire lifecycle of government grants management, simplifying the process and lessening the administrative burden.
The first fully integrated artificial intelligence product, SmartSimple Cloud +AI is for government grants management. It combines AI-powered text completion, a feature popularized by OpenAI's ChatGPT-3, deeply into government grants management workflows. Using the robust architecture of SmartSimple Cloud, the product enables government grantmakers to use AI in accordance with their specific needs throughout the entire grant process.
SmartSimple Cloud +AI responds to queries to both workflow-initiated and human that support grantmakers across all stages of the granting lifecycle. It integrates seamlessly into the SmartSimple Cloud experience, enabling users to interact with AI through the SmartSimple Cloud user interface. As a new technology, its potential applications have yet to be fully explored. A few strengths are the ability to supplement and enrich data in real time, perform precise and automatic text summarization, and enable large-scale personalized communication.
SmartSimple Software Co-Founder and COO, Mike Reid said, "We believe that the advent of the AIs will release a torrent of innovation such as the world has rarely seen." He also said, "By integrating the AIs into our platform, SmartSimple Cloud, and integrating early, we will unleash this power to our clients in support of their missions."
(Source – Cision PR Newswire)
About SmartSimple Software
SmartSimple Software is a cloud-based automation collaboration software that provides unique process solutions. The company is based in Toronto, Ontario, and over 500 clients in 192 countries use its software. In addition, some of the largest grantmaking foundations, Fortune 500 companies, research and higher education institutions, and government agencies rely on SmartSimple CLOUD's business process optimization solutions. SmartSimple Software is 100 % owner-funded and managed by over one hundred people in Canada, Europe, the US and the UK.
Read More
EMERGING TECHNOLOGY, CYBERSECURITY
Prnewswire | April 20, 2023
Cynamics, the AI-driven cybersecurity company, is partnering with Merlin Cyber to bring its novel, sample-based network detection and response (NDR) solution to the rapidly expanding US federal government market.
A new subsidiary launched with Merlin, Cynamics Federal, will be wholly dedicated to bringing this NDR solution to the federal market, helping US government agencies safeguard critical and sensitive information from ever-growing threats.
Working closely with US government agencies, Cynamics last month identified a new range of critical vulnerabilities within current protection layers. These findings, along with Cynamics' state-of-the-art proven NDR technologies, will be showcased at the RSA conference on April 24-27 in San Francisco.
"Cynamics has already been working closely with government agencies across the US, and we are excited to introduce our low-touch, built-for-scale NDR solution to the federal government in cooperation with Merlin Cyber," said Eyal Elyashiv, CEO and Founder of Cynamics.
Analogous to the accuracy of taking a blood sample, Cynamics' cloud-based solution collects less than 1% of network flow samples and uses its AI technologies to provide 100% network coverage and threat prediction for any network size and environment.
Recently, Gartner highlighted Cynamics as an NDR "emerging vendor" leveraging packet sampling as a new data-collection approach. This unique method discovers network blind spots, exposes potential backdoors, identifies anomalous behavior, and enables quick and straightforward remediation. According to Elyashiv, no other solution currently has this capability while being built-to-scale for the US federal government and the largest and most complicated networks in the world.
The solution is deployed in a frictionless way within minutes, without installing a single appliance or agent, and begins to deliver valuable insights within hours from onboarding, using only network metadata and without collecting, processing, or analyzing any sensitive or private information, which is a key advantage for the federal audience. This vastly reduces supply chain vulnerabilities.
Cynamics has hundreds of clients across the public and private sectors, of different domains, sizes, and geographies. Deep cyber expertise is not required to use and manage the solution, which makes the technology easier for government agencies to deploy.
Casting light on a little-known vulnerability, Elyashiv said that the fact that legacy mDNS (multicast DNS) and LLMNR (Link-Local Multicast Name Resolution) are used to resolve hostnames to IP addresses, by sending highly vulnerable multicast messages across local networks, enabled sophisticated attackers to map out the networks and infect them more effectively.
"Cynamics' solution offers state-of-the-art protection quickly and with surgical precision for the most valuable assets in our network," said Jad Al-Bijaly, Information Technology and Cybersecurity Manager for Guilford County, North Carolina, a trusted Cynamics customer. Other customers include the cities of Rocky Mount, Urbandale, Saratoga Springs, and others.
According to Gartner, in 2022, "the industries with the most interest in NDR continued to be the government and finance industries."
Having generated more than $4 billion in contracts to date, Merlin Cyber partners with industry-recognized companies as well as startups, seeing them through all stages of their development and go-to-market execution. Merlin Ventures, the investment arm of Merlin Group, invests most of its capital in startups from Israel, a global hub of innovation in the cybersecurity sector, accelerating them from seed to scale.
"The partnership with Cynamics reflects Merlin's commitment to providing a gateway for the most promising global cybersecurity startups to help protect America's critical digital infrastructure," said Seth Spergel, Managing Partner of Merlin Ventures. "We've been tracking the success of Cynamics and are proud to join as both an investor and a partner in helping to bring their solutions to market. Their AI-based network detection and response solution is unique and ideal for how large government networks are architected."
About Merlin Cyber
Merlin Cyber is the go-to-market arm of Merlin Group, a powerful ecosystem of cybersecurity investment, technical expertise, and partner growth acceleration with 25 years of experience working with the US government. Through Merlin Cyber, federal civilian, defense, state, local and education customers access innovative, public sector-ready cybersecurity solutions that meet government requirements and mission priorities. Merlin does this by selectively partnering with best-in-class cybersecurity brands, investing in visionary emerging technologies, accelerating partner growth, and enabling the US government to successfully keep ahead of today's critical threats, accelerate modernization initiatives, and defend our nation. Learn more at merlincyber.com
About Cynamics
Cynamics is the only Next Generation (NG) Cloud Network Detection and Response (NDR) solution on the market today using standard sampling protocols built-in to every gateway, patented algorithms, as well as AI and Machine Learning, to provide threat prediction and visibility at speed and scale. Built to protect networks of all sizes and complexity, its highly scalable approach discovers threats missed by competitors and provides clients and partners with an elite defense against cyberattacks, with little-to-no burden on their resources. To learn more visit: https://www.cynamics.ai/
Read More
EMERGING TECHNOLOGY
Globenewswire | May 09, 2023
NowVertical Group Inc., the Vertical Intelligence (“VI”) company is pleased to announce that its Government contracting subsidiary, Allegient Defense, has been awarded a 5-year $5.9M contract to support the Air Force Office of Scientific Research (“AFOSR”), a directorate of the Air Force Research Laboratory and the basic research arm of the Department of the Air Force.
The AFOSR is responsible for identifying and funding cutting-edge research initiatives that have the potential to enhance the capabilities of the United States Air Force. Through this new contract, Allegient Defense will be working closely with the AFOSR to provide the necessary resources and expertise to help achieve these goals.
"We are honored to have been chosen to support the AFOSR in its mission to advance scientific research," said Dr. Angel Diaz, CEO of Allegient Defense. "Our team is dedicated to providing the highest quality support services to the AFOSR, and we look forward to collaborating with them to achieve their objectives."
Allegient Defense has a proven track record of delivering exceptional S&T, Data Science, and Engineering support services to government agencies, and this new contract award is a testament to the company's expertise and commitment to excellence. By working with the AFOSR, Allegient Defense will help to advance the development of new technologies and solutions that will benefit the United States and its military forces.
About NowVertical Group Inc.
NowVertical Group is a Vertical Intelligence (VI) software and services provider that delivers vertically-specific data, technology, and artificial intelligence (AI) applications into private and public verticals globally. NOW's proprietary solutions sit at the foundation of the modern enterprise by transforming AI investments into VI, enabling its customers to minimize their risk, accelerate the time to value, and reduce costs. NOW is rapidly growing organically and through targeted acquisitions. For more information about NOW, visit www.nowvertical.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Read More