VeganNation’s VeganPay collaboration with tech giants IBM and Stripe takes plant-based food supply and sustainability to the next level

VeganPay digital wallet ushers in the first ever dedicated global payment ecosystem specifically for the benefit of conscious consumers and businesses worldwide

LONDON, May 26, 2020 (GLOBE NEWSWIRE) — VeganNation announced an app update that introduced radical new features including the company’s B2B and B2C VeganPay digital payments solution, localized marketplaces and a new communities section. VeganNation intends to fully unite the global vegan community with its emerging technology platform at the heart of the world’s first vegan ecosystem. The company aims to leverage the best technological and financial available to effect a digital transformation to advance the global plant-based and sustainable value chain.

“With humanity on the verge of a total consciousness transformation in consumerism and lifestyle, we see the need to evolve the energy of money, the way of doing business and how we connect with one another,” said VeganNation CEO and founder Isaac Thomas. “ApplePay and GooglePay clearly dominate the money-centric payments wallet market today, but now with the arrival of values-centric VeganPay, conscious consumers finally get their own financial transaction platform.”

Pivotal to the development of VeganPay is VeganNation’s technology partnership with Stripe.  Closely-coupled integration with Stripe’s robust and secure economic infrastructure makes VeganPay a fully functioning digital wallet for conscious consumers and helps small businesses both financially and technologically. VeganNation’s alignment with a payment-solution provider of this magnitude and market penetration immediately establishes VeganPay as a trusted payment solution for every vegan business, manufacturer, organization and individual.

Additionally, VeganPay recently got a major boost when VeganNation was accepted into a special IBM accelerator helping to rapidly advance the VeganNation infrastructure work with the introduction of top blockchain supply chain verification processes, ensuring the discerning vegan community will enjoy full transparency on all products across the ecosystem.

“This is a new era for the global vegan community, now as we unite, organize on a shared platform for the first time, and empower each other to grow and flourish,” enthused VeganNation CTO Rena Thomas.

Along with the VeganPay digital wallet comes VeganNation’s new marketplace with a focus on local trade of goods and services. With every VeganPay transaction, users will receive VeganCoin (VeganNation’s community-governed digital currency) incentives through the apps loyalty program which connects businesses and customers.

VeganNation rolled out its new features last week, and the latest version of the app is available immediately for both iOS and Android devices.

About VeganNation
The VeganNation ecosystem unites individuals, businesses and organizations to discover, share and trade goods and services based on vegan values and lifestyles. Empowered by its VeganCoin currency, VeganNation is leading the vegan community with a sophisticated technology platform that enables a robust vegan economy to flourish.

VeganNation was founded by four childhood friends and family: Isaac Thomas, Yossi Rayby, Shneor Shapira and Chaya Rena Thomas. The company supports cruelty-free trade and promotes a vegan lifestyle and sustainable consumption. Visit the website at www.vegannation.io, download the VeganNation app on a smartphone, and follow the company on Twitter, Facebook, Instagram, LinkedIn and YouTube.

CONTACT: Media Contacts:
Steve Schuster: +1-508-868-5892
vegan@rainierco.com

Tech start-ups KOHO and Hyr partner to give Canadians early access to their pay when they need it the most

TORONTO, May 20, 2020 (GLOBE NEWSWIRE) — FinTech start-up KOHO provides Canadians a new era of no-fee banking, and today they are pleased to announce a partnership with fellow Canadian tech start-up Hyr that provides simplified in-app staffing solutions. KOHO will provide Hyr users early access to a portion of their pay at no cost.

“It’s always been our aim to deliver transparent and intuitive financial products to Canadians,” explains Daniel Eberhard, Founder and CEO at KOHO. “Now, we’re glad to be able to provide Hyr users with the buffer they may need to make purchases or payments in a time of financial strain, without having to resort to harmful loans or going further into debt.”

“We’re thrilled that two Canadian companies have come together to form this great solution for our users,” echoed Joshua Karam, Co-Founder and CEO at Hyr. “Together we’re working to support Canadians when it matters most and help reduce people’s reliance on payday loans.”

The Canadian Payday Loan Association reports that nearly 2 million cash-strapped Canadians use harmful payday loans each year. Data shows that roughly 45 percent of payday loan users borrow to cover necessary expenses such as car repairs or utility bills and 55 percent of payday loans are for $500 or less. This partnership with KOHO and Hyr aims to help Canadians avoid these predatory loans and maintain financial stability.

Hyr users can receive their paycheques directly to their KOHO account and after the first direct deposit, they will be eligible to access $100 of their pay early and at no cost or interest. What’s more, the early access to pay can come from any direct deposit source, whether it be Hyr or a government payment like Canadian Emergency Response Benefit or Employment Insurance.

As businesses begin to re-open in Canada, access to Hyr’s community of workers will become even more important.  Businesses will be able to connect to reliable, rated workers, fast – and these workers, through KOHO, will now be able to access their earnings even faster. 

About KOHO:
KOHO is a full-service chequing account that comes with a reloadable prepaid Visa card and integrated app. Users get real-time insights on their spending, no hidden fees, and cash back on every dollar spent.

About Hyr:
Hyr is Canada’s largest app-based staffing platform that instantly connects companies with skilled and experienced gig workers to fill hourly paid shifts.

Contact: Brittany Bell brittany@koho.ca

CoinAgenda “After the Halving” Virtual Event to Feature Fireside Chat with “Oracle of Bitcoin” Vinny Lingham

Full Speaker Lineup Includes Crypto All-Stars Matt Roszak, Catherine Coley, Tone Vays, and Michael Terpin

GLOBAL, May 14, 2020 (GLOBE NEWSWIRE) — (via Blockchain Wire) – CoinAgenda (www.coinagenda.com), the premier global conference series connecting blockchain and cryptocurrency investors with startups since 2014, today announced its second virtual event, CoinAgenda Presents: “After the Halving.” Speakers will include Vinny Lingham, Co-Founder and CEO of Civic.com; Matt Roszak, Chairman & Co-Founder of Bloq; Catherine Coley, CEO of Binance.US; Tone Vays, Content Creator, Derivatives Trader & Consultant; and Michael Terpin, Founder and CEO of Transform Group. 

Hosted online and open to anyone in the global crypto community, CoinAgenda’s Virtual Event Series aims to promote ongoing blockchain investment and adoption, adapting to the current public health crisis and the resulting travel and meeting restrictions. 

“With the highly anticipated third Bitcoin Halving now in the history books, we pulled together top leaders in the space to analyze the short- and long-term effects on the market,” said Michael Terpin, founder of CoinAgenda. “We’re happy to welcome some of the most recognized leaders in the industry for what’s sure to be an insightful discussion.”  

Following the successful CoinAgenda virtual event launch “Crypto in a Time of Coronavirus” last month, this event will explore the challenges and opportunities stemming from reduced rewards and base miner costs, mainstream adoption, bitcoin market price and the startup development and investment landscape. Following the discussion, attendees will have the opportunity to network and ask questions. “After the Halving” will take place May 20, 2020 at 10 am Pacific Time / 1 pm Eastern Time. Registration is free, and registrants will receive a link to participate via email prior to the start of the event. 

Future CoinAgenda Virtual Events are scheduled each month through September, delving into topics ranging from the European crypto market to the DeFi revolution. Each CoinAgenda Virtual Event will be recorded and available to members of the BitAngels investor network. To become a member of the BitAngels investor network, please apply here

CoinAgenda’s next in-person conference is scheduled for October 24-25, 2020 in Las Vegas. 

ABOUT COINAGENDA
Since 2014, CoinAgenda is the leading global conference series connecting professional investors, traders, family offices and digital currency funds with top entrepreneurs in the blockchain and cryptocurrency sector.

Connect with CoinAgenda: 
Twitter
Facebook
Telegram

CONTACT: MEDIA CONTACT: 

contact@coinagenda.com

Austin Health Care Tech Company Offers Solution for Hospitals as Officials Warn of Second COVID-19 Wave

Leaders with Intiva Health said Ready Doc™ offers a possible answer to some of the dilemmas health care facilities will face.

AUSTIN, Texas, May 14, 2020 (GLOBE NEWSWIRE) — Federal officials are sounding the alarm that the worst of the COVID-19 pandemic is yet to come, but there are ways that medical facilities can be prepared.

Intiva Health, based in Austin, is a technology-based health care company. Leaders said their software, Ready Doc™, can alleviate some of the dilemmas health care facilities nationwide will face when the second wave of coronavirus arrives.

“Health care, which was possibly considered ‘untouchable’ by some pre-COVID-19, is actually just as vulnerable as other parts of our nation’s economy. Hospitals face the stark reality of losing income and cutting costs across the board. We at Intiva are providing more than one solution to this problem. In addition to significantly reducing resource usage, our Ready Doc credentialing software handles urgent staffing situations with emergency privileging capability. And the built-in secure messaging is HIPAA compliant and easy to use on mobile devices. Healthcare facilities that use tools like ours can be ready for a return of COVID-19 now, in the fall, or future emergencies,” said Dr. Ayan Monpara, medical director at Intiva Health.

At the end of April, the director of the CDC, Robert Redfield, warned that when COVID-19 cases spike in the fall, it is going to be more difficult and potentially more complicated because it is likely to coincide with the start of flu season.

In an interview with The Washington Post, Redfield said the CDC is speaking with state officials about the possibility of using Census Bureau workers, Peace Corps, and AmeriCorps volunteers to build “an alternative workforce” to help with the overload of patients that is bound to happen across the country. Anyone that became a part of that workforce would have to have all of their medical licenses, education, malpractice history, and other documents verified for every and any facility they would work at.

This is the case for all health care providers that will inevitably be called upon, such as travel nurses and primary care providers, that may have to work at rural facilities to alleviate staffing shortages.

In the first week of May, The New York Times published an article citing a report that displays how dire the consequences may be if hospitals don’t prepare now. The article stated in part: ”The daily death toll will reach about 3,000 on June 1, according to an internal document obtained by The New York Times, nearly double the current number of about 1,750. The projections, based on government modeling pulled together in chart form by the Federal Emergency Management Agency, forecast about 200,000 new cases each day by the end of the month, up from about 25,000 cases a day currently.”

As awareness about the need for preparations increases, hospital administrators and health care workers know that credentialing is a crucial part of that process. In addition to expediting credentialing and allowing health care providers to have all of their medical documents readily accessible on any mobile device,

Ready Doc™ provides HIPAA-compliant messaging services which can also be used during emergency situations when a breach of compliance can easily happen.

LEARN MORE: Be Ready For The Next Wave With Ready Doc™ Rapid Response

CONTACT: Dr. Ayan Monpara
Intiva Health
830-480-6110
ayan@intivahealth.com

Ledn teams up with Genesis to help more people around the world save in digital assets

TORONTO, May 14, 2020 (GLOBE NEWSWIRE) — Ledn Inc. (“Ledn”) is pleased to announce the launch of its USD Coin (“USDC”) Savings Account in strategic collaboration with Genesis. Through the relationship, Ledn’s global client base will now be able to save and earn interest in both USDC and Bitcoin. With $3.1 billion of originated loans in 2019, Genesis has established itself as the institutional leader within the digital asset lending space.

Through this relationship, Ledn’s technology will provide clients with a simple and accessible way to save in both USDC and Bitcoin, while Genesis will act as the primary borrower of these digital assets.

“As the largest lender and borrower of digital assets globally, Genesis was instrumental in building the digital asset lending market into what it is today.  We are proud to work with Genesis to bring this exciting product to our clients.”  – Adam Reeds, Co-Founder & CEO, Ledn

Stablecoins like USDC offer the same transparency and frictionless transfers that cryptocurrencies do, without the price volatility. Additionally, each USDC is backed by one U.S. dollar, which can be verified through reserve account audits that are published monthly.  Ledn has selected USDC due to its transparent structure, substantial liquidity and popularity within U.S. dollar-denominated stablecoins.

“As the digital currency lending market continues to grow, we are always exploring additional ways to satisfy institutional demand.  We’re excited to begin working with Ledn and believe this will be a successful collaboration.”- Matt Ballensweig, VP of Originations, Genesis

Ledn is particularly excited to bring this new product to thousands of its clients in Latin America where given the current economic climate, demand has been surging for alternative savings solutions that are not denominated in a local currency.

We are already seeing large moves in LatAm forex rates relative to the U.S. dollar given recent events, making a pre-existing problem worse.  Everyone knows and understands U.S. dollars in the region which is why our Ledn USDC Savings Account could not come at a better time.” – Mauricio Di Bartolomeo, Co-Founder & CSO, Ledn

Ledn Inc.

Ledn builds financial products with a mission to help more people save in digital assets.  Ledn’s suite of products consists of Borrow – A bitcoin-backed loan which allows customers to access dollars without selling their bitcoin, B2X – Allowing clients to instantly double their bitcoin holdings through the use of a Ledn loan and Save – A bitcoin and USDC savings account that pays interest on bitcoin or USDC with no minimums. For more information visit ledn.io.

CONTACT: Contact Information:

Mauricio Di Bartolomeo

mauricio@ledn.io

B.C. Transforms Lawyer Referral in the Age of Coronavirus

VANCOUVER, British Columbia, May 07, 2020 (GLOBE NEWSWIRE) — Access Pro Bono Society of BC (APB) and Qase launch the most technologically advanced lawyer referral service in the world.

APB’s Lawyer Referral Service (LRS) connects 20,000 people to 1,700 BC lawyers each year. Now, APB has teamed up with Qase to bring the service fully online, enabling lawyers to help clients without having to meet in person. Based on technologies used widely in health care, Qase’s platform integrates scheduling, messaging, video chat, document sharing and payment, so both clients and lawyers can work from home.

APB promotes access to justice in BC by providing free legal services to people and non-profit organizations of limited means. As one aspect of its full spectrum of free legal services, APB conducts approximately 500 half-hour, face-to-face pro bono clinic advice sessions each month in 55 cities and towns throughout BC.  APB has accelerated plans to move them into Qase as well.

“The Qase platform will dramatically improve the timeliness and reach of our services as we respond to the COVID-19 pandemic by serving critical legal needs with the safety of online connections,” said Jamie Maclaren QC, Executive Director of Access Pro Bono.  “Our lawyers, frontline staff and clients will all benefit from the cutting-edge technology. We look forward to using it to improve access to justice during the pandemic and far beyond.”

“The barriers to getting legal help are already high,” added Dan Zollmann, Qase co-founder and CEO. “We now have the technology to ensure communities continue to get the help they need without compromising their health and safety.”

About Access Pro Bono: Access Pro Bono is a British Columbia charitable organization whose mission is to promote access to justice in BC by providing and fostering quality pro bono legal services for people and non-profit organizations of limited means.  APB’s LRS also provides every British Columbian the opportunity to have a free initial consultation with a lawyer about their legal concerns.

About Qase: Qase is a SaaS-enabled managed marketplace that helps people find and work with lawyers entirely online.

CONTACT: For more information, please contact:

Jamie Maclaren QC, APB ED, jmaclaren@accessprobono.ca

Dan Zollmann, Qase CEO, dan@qase.ca

Arkose Labs Announces Two New Key Leadership Hires Following Series B Funding Round

SAN FRANCISCO, May 06, 2020 (GLOBE NEWSWIRE) — Arkose Labs, a provider of online fraud and abuse prevention technology, today announced two new key hires, Phil Steffora as Chief Security Officer (CSO) and Vice President of IT, and Martyn McKean as Chief Technology Officer (CTO).  The announcement comes on the heels of the company raising an additional $22 million in Series B funding led by M12, Microsoft’s venture fund.

“We are excited to welcome Phil and Martyn on board and we look forward to their contributions to the company,” said Kevin Gosschalk, CEO of Arkose Labs. “Their insight and depth of experience are invaluable, especially during these unprecedented times for the online fraud and abuse space.”

Steffora comes to Arkose Labs with a 30-year distinguished career in technology leadership, most recently serving as Founder and Chairman of VistaBolt, a cloud-based security company.  Previously, he spent eight years as CSO and SVP of Global Operations at ThreatMetrix, which was acquired by LexisNexus Risk Solutions in 2018. With a career spanning some of the most successful companies in Silicon Valley, Steffora is an accomplished leader in cyber security, compliance and privacy who thrives in environments of extreme technical complexity, of high scale and of high availability across all types of enterprise technology platforms.

“I’m joining Arkose Labs during a time when cyber fraud is at the highest rate seen in years, and protecting companies and ultimately individuals from this type of crime is not only my area of expertise, but it’s also a privilege,” said Steffora.

McKean joins Arkose Labs from Temando, where he served as Managing Director and CTO, overseeing the development of product strategies.  Prior to Temando, he was CTO for KoBold, playing a key role in research and development.  During his time as CTO at Acumen, McKean was responsible for establishing the company’s technical vision and leading all aspects of technology development.  For more than a decade, McKean served in various leadership positions including CEO at Intermine, which he co-founded.

“Akose Labs is at the forefront of cyber security technology.  Their innovative approach to stopping fraudsters is one that I was impressed with from afar, and I’m thrilled to join the team that’s changing the landscape of fraud prevention,” said McKean.

It’s been a busy few weeks for Arkose Labs. In addition to significant new hires, the company was recognized as a “Leader in Innovation” among fraud and abuse vendors in the KuppingerCole 2020 Leadership Compass report, which analyzes the entire market sector and provides keen insights into the fraud landscape. Last week, the company also issued its Q2 Fraud and Abuse Report, providing invaluable data during the COVID-19 era by tracking fraud and risk trends. The report revealed the highest attack rate ever seen, finding that 26.5% of all transactions were fraud and abuse attempts, which is a 20% increase over the previous quarter.

To learn more about Arkose Labs and its Fraud and Abuse Defense Platform, visit www.arkoselabs.com.

About Arkose Labs

Arkose Labs bankrupts the business model of fraud. Its patented platform combines Arkose Detect, a sophisticated risk engine, with Arkose Enforce, which uses targeted step-up challenges to wear fraudsters down and diminish their ROI. The world’s largest brands trust Arkose Labs to protect their customer journey while delivering unrivaled user experiences. Arkose Labs is based in San Francisco, Calif., with offices in Brisbane, Australia. For more information, visit www.arkoselabs.com or on Twitter @ArkoseLabs.

Media Contact:

Paul Wilke

arkose@uprightcomms.com

+1-415-881-7995

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1ba00874-dc25-4ada-a1c0-5d616b3699f8
https://www.globenewswire.com/NewsRoom/AttachmentNg/bf4aec45-f3c9-4cb1-9712-aea2abed814f

Kenna Security Recognized as Programs of the Year Honoree at Forrester SiriusDecisions Summit 2020

SAN FRANCISCO, May 04, 2020 (GLOBE NEWSWIRE) — Kenna Security, the enterprise leader in risk-based vulnerability management, announced today that the company has been named as one of Forrester SiriusDecisions’ “Programs of the Year” (POY) honorees. Kenna will be honored during the Forrester SiriusDecisions Summit 2020 virtual event that will be held May 4-7, 2020.

Kenna was honored in the Marketing Executive and Emerging-Growth Companies category, awarded to organizations that demonstrate best-in-class marketing, sales, and product initiatives. Programs of the Year honorees were selected from a field of leading business-to-business organizations and have achieved significant and innovative results that were implemented across their revenue-generating functions.

As an honoree, Kenna will present its case study on their achievements, providing attendees with real-world examples of winning sales, marketing, and product strategies at the event. Jeremy Middleton, Head of Marketing Strategy & Operations at Kenna Security, will present on Thursday, May 7 at 11:10 a.m. EDT during the live virtual event. He will discuss how the company achieved significant and innovative results that were integrated across revenue-generating functions.

“At Kenna Security, we put our customers at the center of everything we do and that starts with the buyer’s journey for modern vulnerability management,” said Caroline Japic, chief marketing officer at Kenna Security. “We’ve built an elegant go-to-market engine that’s effective in educating prospects and then engaging them when they are ready. Our streamlined martech stack, persona, target account, and messaging work has positioned us to drive growth. Working from this single version of the truth, we set clear goals, align the whole team around actions, and measure everything that matters. I’m so proud of this marketing team!”

The Summit is a must-attend event for B2B leaders in sales, marketing, and product in high-performing organizations. The event is packed with actionable insights and intensive learning experiences to help attendees better implement, operationalize, and justify their business initiatives.

Additional Resources

About Kenna Security
Kenna Security is the enterprise leader in risk-based vulnerability management. The Kenna Security Platform enables organizations to work cross-functionally to determine and remediate cyber risks. It leverages machine learning and data science to track and predict real-world exploitations, empowering security teams to focus on what matters most. Headquartered in San Francisco, Kenna serves nearly every major vertical and counts CVS, KPMG, HSBC, and many Fortune 100 companies among its customers.

Media & Analyst Contact: 
Matt McLoughlin
Gregory FCA for Kenna Security
Phone: 609-385-2058
Email: matt@gregoryfca.com

 

Arkose Labs Reveals 20% Spike in Fraud as Digital Behavior Shifts During COVID-19

445 million attacks detected since the beginning of 2020, COVID-19 wreaks havoc across the digital economy

SAN FRANCISCO, April 28, 2020 (GLOBE NEWSWIRE) — Arkose Labs today revealed data showing the impact of the COVID-19 crisis on online fraud. In the first quarter of 2020, the Arkose Labs network recorded the highest attack rate ever seen. 26.5% of all transactions were fraud and abuse attempts, which is a 20% increase over the previous quarter.

With COVID-19 restricting face-to-face interactions across the globe, consumer behavior is in flux and digital transactions are on the rise. Organized fraud operations have been quick to mobilize, targeting spikes in digital activity.

Changing Attack Patterns during COVID-19
The Arkose Labs Q2 2020 Fraud and Abuse Report revealed that the United States emerged as the top originator of cyberattacks, with attack levels increasing 20% since the previous quarter. There was a sharp increase in attacks originating from other well-established economies, such as the United Kingdom, Germany and Canada. 

The speed at which the cybercrime ecosystem adapts to changing socio-economic circumstances is highlighted by changing attack methods. Earlier in the quarter, Arkose Labs detected a sharp decline in human-driven attacks originating from low-cost ‘sweatshop’ resources. This is attributed to early lockdowns in traditional fraud hubs within Asia.

Major spikes in fraudulent activity at the end of the quarter, once lockdowns were in full force, were largely driven by automation. Automated attacks are easier to scale up quickly, allowing fraudsters to quickly take advantage of the changing digital landscape.

However, localized pockets of sweatshop-driven activity show that economic hardships will lead to new fraud hubs emerging. For example, there was a sharp spike in human-driven fraud originating from Italy and Peru directly after lockdowns were announced. Just as the corporate world adjusts to working from home, so does the world of fraud – tapping into an increasingly distributed network of resources to carry out attacks.

“COVID-19 is shaping up to be the next big impetus for digital transformation across industries, as widespread lockdowns and social distancing mandates increase global reliance on the digital economy,” said Vanita Pandey, VP of Strategy at Arkose Labs. “As face-to-face interactions dwindle, digital attack vectors are multiplying at a record rate, creating almost perfect working conditions for fraudsters, who are grasping every available opportunity to exploit both individuals and enterprises during the crisis.”

Impact Across Industries
With changes in consumer behavior due to COVID-19 varying drastically across the industries, fraudsters are shifting their focus accordingly. Top targets for online fraud in the COVID-19 era include:

  • Retail and Travel: The attack rate has doubled from 13% of transactions to 26%, driven by attacks on ecommerce companies as travel tailed off due to restrictions.
  • Gaming: With a 30% rise in gaming traffic, the industry was hard hit with a 23% increase in attack rates.
  • Information Technology: As both personal and professional collaboration and communication shifts online, attacks on tech platforms have risen 16%. Fraudsters looking to blend in with this traffic ramped up their attacks by 25% on new account registrations.

COVID-19 Fraud Predictions
Based on trends from the first quarter of the year, Arkose Labs outlines several predictions on the ongoing effects of COVID-19 on fraud an transaction patterns:

  • A continued, dramatic rise in attacks as fraudsters take advantage of economic uncertainty and new individuals are pushed into cybercrime due to high unemployment.
  • Automation to drive the bulk of the increase in fraud, as low-skill fraudsters who are new to the game take advantage of online tutorials and user-friendly, inexpensive fraud toolkits.
  • Wider pool of sweatshop labor available with a move away from traditional fraud hubs to a distributed model of ‘guns for hire’ across the globe.
  • New attack vectors to emerge as opportunistic fraudsters widen their reach amidst the pandemic
  • Exploitation of vulnerable individuals with a spike in social engineering and phishing scams targeting new users within the digital economy.

“We have a mission at Arkose Labs to rid the world of the scourge of fraud, spam and abuse in all its forms, and never has our mission been more vital than in today’s turbulent world,” said Pandey. “With businesses and consumers facing serious hardships at this time it is imperative that the business and fraud prevention community step up to protect consumers from the added strain of identity abuse, fraud and scams.”

Based on actual user sessions and attack patterns from January through March 2020 Arkose Labs Fraud and Abuse Report analyzed number transactions spanning account registrations, logins and payments across the financial services, ecommerce, travel, social media, gaming and entertainment sectors. The findings investigate the mechanics of attacks originating from automated bots, humans and ‘sweatshops,’ which represent large groups of low-paid workers who carry out launch attacks or make fraudulent transactions on behalf of fraudsters. To access the full Q2 2020 Fraud and Abuse Report, please visit https://www.arkoselabs.com/resource/q2-2020-fraud-and-abuse-report/?utm_medium=pr&utm_source=pr.

To learn more about Arkose Labs and its Fraud and Abuse Defense Platform, visit www.arkoselabs.com.

About Arkose Labs
Arkose Labs bankrupts the business model of fraud. Its patented platform combines Arkose Detect, a sophisticated risk engine, with Arkose Enforce, which uses targeted step-up challenges to wear fraudsters down and diminish their ROI. The world’s largest brands trust Arkose Labs to protect their customer journey while delivering unrivaled user experiences. Arkose Labs is based in San Francisco, Calif., with offices in Brisbane, Australia. For more information, visit www.arkoselabs.com or on Twitter @ArkoseLabs.

Media Contacts:
Paul Wilke
arkose@uprightcomms.com
+1-415-881-7995

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5003c18c-93c2-4199-9361-ab446b3cd624

SensorFlow Raises US$8.3 Million in Series A+ Funding to Advance its Proptech Solutions and Launch Services in the US

Singapore-based proptech startup will use the funds to develop solutions for automating heating systems, innovations that help hotels manage COVID-19, and international market expansion

SINGAPORE, April 23, 2020 (GLOBE NEWSWIRE) — SensorFlow, Singapore’s leading proptech startup that helps hotels and commercial properties optimise their energy and operational efficiency, today announced that it has raised US$8.3 million in a Series A+ round, led by Openspace Ventures and Gaw Capital Partners1.

The funding will be used to further develop the company’s smart building management solution for heating, ventilation and air-conditioning (HVAC) systems and launch in the United States this year. The funds will also be used to hire new talent in hardware and data science roles as well as to expand to new global markets.

SensorFlow’s latest funding round was co-led by Openspace Ventures and Gaw Capital Partners, which invest in early-stage technology companies in Southeast Asia and global real estate markets respectively. Other prominent investors who featured in the round were Aurum Investments – a proptech focused venture capital fund, and Pierre Lorient.

“For the hospitality sector, the need for optimising energy and operational efficiency is especially pertinent now as it works on recovering from the COVID-19 pandemic. Our technology can help hotels and properties maximise the use of limited resources, adopt clean technologies,  and become more sustainable. SensorFlow’s solutions can thus help clients save costs in the longer term and bounce back faster from the pandemic’s economic effects,” said Saikrishnan Ranganathan, CEO and Co-Founder of SensorFlow.

“Climate change has largely altered our lifestyle choices, and travellers in the US have become more environmentally conscious. In the past year, we have seen a significant increase in the number of hotels partnering with us across Southeast Asia to achieve better efficiency and sustainability. This is highly encouraging and places us in a much stronger position to develop our solution further to meet demand in new key markets such as Japan, Australia, Europe and the US. Through our smart automation solution, we want to make advanced sustainability technologies the new standard in the global hospitality industry,” added Saikrishnan Ranganathan.

Founded in 2016, SensorFlow offers buildings, including hotels, offices and industrial spaces, the ability to automate HVAC systems, monitor equipment performance, and optimise housekeeping routes through an Internet of Things (IoT) technology and artificial intelligence-driven solution. The solution generates up to 30 to 50 percent of savings on hotel room HVAC costs, which can translate up to 30 percent in savings on total hotel energy bills. Following its Series A+ round, SensorFlow will develop its solution to automate HVAC systems with heating features to address the needs of markets with colder climates.

To date, SensorFlow has been signed on by about 10,000 hotel rooms across Southeast Asia, and recorded a 1,000 percent increase in hotel room installations since 2019.

“We are committed to supporting startups that develop innovative technologies to transform the way we operate,” said Gervin Yang, VP Investments at Openspace Ventures. “SensorFlow’s cutting-edge solution leads to energy and operational efficiency gains that contribute to substantial cost savings. This is especially important in the current climate and can be adopted by any property manager looking to increase profitability as well as to reduce their impact on the environment.”

SensorFlow’s smart wireless IoT solution features real-time data tracking to help properties monitor energy consumption trends and make better-informed operational decisions based on big data. Wireless sensors gather data on guest behaviour within hotel rooms and the system optimises energy usage automatically. It activates maintenance alerts when it detects faulty equipment, reducing disruptions to the guest experience. The solution can be easily retrofitted into any room (hotel or industrial) in under five minutes, eliminating any downtime during installation.

Christina Gaw, Managing Principal and Head of Capital Markets of Gaw Capital Partners, said, “Gaw Capital Partners is always looking at innovative technologies that will shape the future of real estate. We are excited by the versatile solution offered and developed by SensorFlow, which will enable better operational productivity and more efficient resource deployment. We foresee big commercial real estate owners and hotel operators integrating smart building solutions in a not-too-distant future.”

SensorFlow is also supporting its new and existing clients through innovative solutions to better manage the COVID-19 outbreak. To help its existing and potential hotel partners better manage the ongoing pandemic, SensorFlow is moving to a floating payment model instead of fixed payments. SensorFlow will charge hotels on a pro-rated basis, which is a fixed percentage of each month’s energy savings as compared to a fixed monthly amount of the average based on a one-year projection. Hoteliers keen on adopting this model will hence have zero net cost and benefit from energy savings or cost savings immediately. SensorFlow shall continue with its floating payment model until the situation normalises.

Given the limited staff availability due to COVID-19, SensorFlow is also developing new features under the ‘Productivity Suite’ which help properties improve operational productivity and inter-team communication, besides sustainability management. One of its key features, ‘housekeeping view’, uses live occupancy data to help hotel staff optimise cleaning routes, while engineering teams can better leverage system performance data to generate performance benchmarks, develop predictive maintenance strategies and resolve HVAC issues on the spot.

SensorFlow plans to launch in the US by Q4 2020 with focus on hotels located in selected cities, including: New York, Las Vegas, Washington and Los Angeles. The US hospitality industry, with its advanced level of technology readiness, high demand for sustainable solutions and high labour costs is an ideal target market. As such, the US market is expected to be open to the adoption of advanced IoT solutions that can help improve their efficiency and productivity. In spite of the ongoing COVID-19 crisis, by the end of 2020 SensorFlow aims to work with major hotel brands across key US cities on installations, these will serve as an impactful showcase for 2021 to spring-board their expansion into the market.

In the near future, the company expects rapid growth with existing client partners which currently include hospitality clients carrying global brand names managed by Dorsett Hospitality International, Accor, The Ascott Limited and Hyatt, providing SensorFlow with a key opportunity to expand SensorFlow’s portfolio and potentially place their smart technology in around one million rooms worldwide by 2023.

This round follows SensorFlow’s Series A funding in February 2019, which was led by private investor and finance sector veteran Pierre Lorinet, with participation from Cocoon Capital and Playfair Capital.

About SensorFlow

SensorFlow Pte. Ltd. is a Singapore-based, proptech startup combining the use of smart wireless IoT solutions and AI to help buildings monitor, analyse and automate energy consumption for better productivity, sustainability and energy efficiency. It was founded in 2016 by Saikrishnan Ranganathan and Max Pagel in response to the pressing need for energy optimisation worldwide.

In addition to heating, ventilation and air conditioning (HVAC) management, SensorFlow’s solution offers real-time data insights on energy consumption, occupancy trends and guest behaviours. These can be used to enhance the overall guest experience at the room and create better management at the property and portfolio levels as building managers get prompt alerts on faulty equipment. Housekeeping routes can also be optimised in real-time based on room occupancy data.

SensorFlow’s retrofit solution, which comprises sensors and proprietary networks, are quick and easy to install in less than 5 minutes per room and with no operational disruptions. Its Pay-As-You-Save model means there are no upfront costs. Alternative agreements can also be provided with a one-time upfront payment for increased savings over time. Hotels are expected to save up to 30 percent in total energy savings and up to 40 percent in maintenance costs.

For more information, please visit: ​www.sensorflow.co

About Openspace Ventures

Openspace Ventures focuses on Series A and B investments in technology companies based in Southeast Asia. Key areas of investment for Openspace Ventures include fintech, healthtech, edutech, consumer applications and cloud-based solutions. Openspace Ventures is currently investing its second fund and has approximately US$225 million in total committed capital. Openspace has invested in 28 companies, including Gojek, Halodoc, Love, Bonito, Topica, CXA, FinAccel, and Pathao.

About Gaw Capital Partners

Gaw Capital Partners is a uniquely positioned private equity fund management company that focusing on real estate markets in greater China and other high barrier-to-entry markets globally.

Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in retail, hospitality, property development and logistics. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, hospitality and logistics warehouses.

Gaw Capital has raised six commingled funds targeting the Greater China and APAC regions since 2005. The firm also manages value-add/opportunistic funds in Vietnam and the US, a Pan-Asia hospitality fund, a European hospitality fund and also provides services for separate account direct investments globally.

Gaw Capital has raised equity of US$14.2 billion since 2005 and commands assets of US$24.8 billion under management as of Q4 2019.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cfc2acb4-3f24-4360-b57b-505c005ef16c

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1 Gaw Capital Partners has invested in SensorFlow through a separate account under its management.

For media inquiries, please contact:
Tien Ma
tien@redhill.asia
REDHILL Communications