Day: December 13, 2022

Following 7x year-over-year growth, Menlo Ventures leads funding round to accelerate US expansion

Sana was founded with the vision of leveraging artificial intelligence to help organizations learn and share knowledge. To that end, Sana built a category-leading learning platform that enables organizations to consolidate their learning and capture, organize, and personalize all their institutional knowledge.

From personalized learning recommendations to an AI writing assistant that automatically generates content, Sana applies the latest breakthroughs in AI to enhance and optimize the entire learning and knowledge-sharing journey.

Sana’s AI-powered semantic search empowers employees to get the knowledge they need from anywhere in their organization. The platform connects and indexes tools like Slack, Salesforce, Notion, LinkedIn Learning, and Google Workplace to provide employees with automatically generated answers in natural language. The result: an end-to-end platform that decreases onboarding time, improves sales efficiency, and grows and retains top talent.

“Now a $30 billion industry, the learning and development market has demanded more sophisticated tools. With a world-class product and incredible team, Sana is uniquely positioned to win the market. They offer two vital benefits to the historically underserved L&D category: the scalability and efficiency of artificial intelligence and the compelling experience of a consumer-grade product,” said JP Sanday, Partner at Menlo Ventures.

“The ambitious customers we serve—pioneers like Alan, Svea Solar, Kry/Livi, and Merck—are on a mission to change the world. Sana’s job is to accelerate their efforts by ensuring every employee has access to the right knowledge at the right time. By leveraging the power of AI, Sana can unlock organizational knowledge with unprecedented scale and speed, supercharging the organizations we serve,” said Joel Hellermark, founder and CEO of Sana.

Sana is now the home for knowledge and learning at digital health company Alan—consolidating a myriad of learning and productivity tools. Today, Alan uses Sana to onboard employees, train sales and customer support reps, and develop their leaders.

“Speed, transparency, and personal growth are key to Alan’s culture, and Sana was the only provider able to deliver on all three. Since using the platform, we’ve decreased our ramp time while boosting learner engagement. We think Sana has set a new standard for what organizations expect from a learning platform. Their tech and UX have leapfrogged the industry,” said Filip Lam, Head of People Growth at Alan.

With the new funding, Sana will extend its product development and expand its team across Stockholm, London, and New York offices. The headquarters will remain in Stockholm, where founder and CEO Joel Hellermark founded the company aged 19, six years after teaching himself to code in C.

“Joel’s visionary leadership, and his rare combination of being technically skilled and exceptionally ambitious, has enabled him to assemble a world-class team from some of the foremost tech companies. With learning as the foundation of human progress, we believe team Sana has the potential to play an important role in reimagining learning as we know it,” said Sandra Malmberg, Director at EQT Ventures.

“Our ambition is to build an internet-scale Library of Alexandria, where more than a billion people can learn about anything and share everything they know,” said Hellermark. “We’re thrilled to have the support of Menlo Ventures and previous backers on this mission.”

About Sana

Sana is an AI-powered learning platform that empowers organizations to find, share, and harness the knowledge they need to achieve their missions. Backed by some of the world’s leading investors, operators, and founders, Sana has raised $54M to date. The company’s headquarters are in Stockholm, Sweden, with offices in London and New York.

About Menlo Ventures

Menlo Ventures is a venture capital firm that strives to have a positive impact on everything we do. That’s why we support businesses including Benchling, Chime, Carta, Poshmark, Uber, and Roku that are reimagining life and work for the better. Over 43 years, we’ve grown a portfolio that includes more than 70 public companies, over 100 mergers and acquisitions, and $5.5 billion under management. We invest at every stage and in every sector, with expertise in Consumer, Enterprise, and Healthcare. From developing market strategies to creating communities, we provide real impact where entrepreneurs need it most. When we’re in, we’re all in. www.menlovc.com

Contact Information:
Joel Hellermark
Founder and CEO
joel@sanalabs.com

Olivia Elf
Chief of Staff
olivia@sanalabs.com

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• Joel Hellermark, founder and CEO at Sana

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ARLINGTON, Va., Dec. 13, 2022 (GLOBE NEWSWIRE) — Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a leader in quantum-safe encryption announces that it has signed with Dell Technologies (“Dell”) a “Dell OEM Engineered Solutions Pilot Agreement”. Dell agrees to preload Arqit’s QuantumCloud software on selected Dell hardware devices, enabling Dell sales teams to sell the combined hardware and software as a single SKU to address existing and new customer needs.

The initial target market is the US Federal Government, including the Department of Defense (DoD), the Federal Civilian Agencies and the Intelligence Community. Dell sales teams will be able to offer Arqit QuantumCloud software and Arqit sales teams will be able to offer Dell hardware and services in their sales portfolios.

Arqit’s QuantumCloud is a unique symmetric key agreement software which solves the problems of Public Key Infrastructure (PKI) and the quantum computing threat. QuantumCloud is the only product in the world with an independently assured security proof demonstrating that its cloud fulfilled symmetric encryption keys are zero trust and quantum-safe.

The combined solution architecture for the DoD enables Dell’s industry leading standards of excellence and quality with quantum-safe encryption capability. QuantumCloud is capable of protecting today against “Harvest Now, Decrypt Later” quantum computing attacks and greatly improves the security of a variety of applications, something unachievable with other post quantum cryptographic methods. With the ability to digitally rotate symmetric keys in real time and dynamically manage security groups the solution offers significant mission advantage across today’s growing threat surface.

Arqit Founder, Chairman and CEO David Williams, said: “We are honored to work with Dell, the leader in providing intrinsically secure infrastructure and devices, comprehensive threat detection and response, data protection and cyber recovery to government customers. America’s service men and women need to be assured of the benefits of stronger, simpler encryption to protect them against threats now and in future. By partnering with the very best innovator in the industry we have a great opportunity to do that in a comprehensive way.”

About Arqit

Arqit supplies a unique quantum safe encryption Platform-as-a-Service which makes the communications links or data at rest of any networked device or cloud machine secure against current and future forms of attack – even from a quantum computer. Arqit’s product, QuantumCloud, enables any device to download a lightweight software agent, which can create encryption keys in partnership with any number of other devices. The keys are computationally secure, optionally one-time use and zero trust.  QuantumCloud can create limitless volumes of keys in limitless group sizes and can regulate the secure entrance and exit of a device in a group. Arqit believes it is the only company in the market to have achieved Independent Assurance Review of its Security Proof demonstrating that the software can produce encryption keys which are zero trust and provably secure, i.e. permanently safe against attack from even a full scale quantum computer. This review was conducted by the GCHQ Accredited Centre of Excellence in Cyber Security at the University of Surrey. The addressable market for QuantumCloud is every connected device.  Arqit was recently awarded the Innovation in Cyber award at the UK National Cyber Awards and Cyber Security Software Company of the Year Award at the UK Cyber Security Awards.

Media relations enquiries:
Arqit: contactus@arqit.uk
FTI Consulting: scarqit@fticonsulting.com

Investor relations enquiries:
Arqit: investorrelations@arqit.uk
Gateway: arqit@gatewayir.com

About Dell

Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry’s broadest and most innovative technology and services portfolio for the data era.

Caution About Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit’s control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit’s future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against the Arqit related to the business combination, (ii) the ability to maintain the listing of Arqit’s securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit’s business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to convert its pipeline into contracts or orders in backlog into revenue, (vi) the potential inability of Arqit to successfully deliver its operational technology which is still in development, (vii) the risk of interruption or failure of Arqit’s information technology and communications system, (viii) the enforceability of Arqit’s intellectual property, and (ix) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Arqit’s annual report on Form 20-F (the “Form 20-F”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 16, 2021 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward- looking statements.

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FeedbackFruits’ assessment tools win the Reimagine Education Silver Award in the Learning Assessment category

The Reimagine Education Awards is the largest global awards program for innovative pedagogies. The awards, organized by the Wharton School and QS Quacquarelli Symonds, celebrate approaches that enhance student learning outcomes and employability, thus fundamentally changing the educational landscape.

Nunzio Quacquarelli, President, QS and co-founder of Reimagine Education, said: “It is a pleasure and a privilege to offer a global platform to the projects, pedagogies, and solutions that represent the future of educational provision. With over 500 international independent judges participating in the evaluation process, plus a distinguished 25 persons Grand Jury, our winners have received the unequivocal backing of expert educationalists across the world. They should take exceptional pride in their achievement.”

Since 2012, FeedbackFruits has been co-creating evidence-based pedagogical technology with thought-leading institutions, such as Cornell University, Deakin University, and IE Business School. The winning FeedbackFruits project consists of six teaching tools for holistic and multi-level assessment that help institutions scale and innovate their evaluation practices.

Ewoud de Kok, CEO of FeedbackFruits, believes that this achievement reflects the emerging need for innovative pedagogical practices: “The importance of promoting more authentic assessment has been increasingly apparent in the sector. FeedbackFruits is proud to be among the many innovators in higher education and edtech who transform the way we evaluate students’ progress and performance.”

For Joost Verdoorn, Chief Product Officer at FeedbackFruits, the awards were the legitimization of the company’s focus on the lived experience of educators: “Our assessment tools have been developed with higher education institutions from start to finish. It is because of their insights and feedback that we have been able to create effective technology that boosts learning outcomes and saves educators’ time in the process.”

This achievement has validated FeedbackFruits’ mission of supporting educational institutions to provide a more personalized, engaging, and meaningful learning experience for all students.
About FeedbackFruits

FeedbackFruits is an EdTech scale-up based in Amsterdam with the mission to help foster a generation of critical and empathic thinkers through pedagogical innovation. The tools encompass a range of learning activities such as self and peer assessment, online discussion, and team-based learning. For further information, visit feedbackfruits.com.

About Reimagine Education Awards 2022

Reimagine Education is a global conference and competition, open to educational innovators from all around the world. For further information, visit reimagine-education.com.

For more information, press only: marketing@feedbackfruits.com

Contact Information:
Irmak Ozgenoglu
Marketing Manager
irmak@feedbackfruits.com

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WILMINGTON, Del. and BIEL-BIENNE, Switzerland, Dec. 13, 2022 (GLOBE NEWSWIRE) — Intel 471, the premier provider of cyber threat intelligence for leading intelligence, security, and fraud teams across the globe and Threatray, a Swiss technology leader in malware identification, attribution and intelligence, announced today that they are entering into a joint research collaboration.

The collaboration between the two companies will leverage Threatray’s core engine to perform code reuse analysis and identify malware variants with a high degree of resilience. It will enable a more accurate tracking of actors and campaigns to better inform threat landscape reporting. Finally, this joint research effort will generate higher value IOC extraction supporting improved detection, triaging, threat hunting and incident response.

“The depth and breadth of Threatray’s malware identification will help provide our portfolio companies with a greater and richer level of insights and reporting,” said Mark Arena, CEO of Intel 471. “The threat landscape is ever changing in terms of severity and complexity. Partnering with industry leaders like Threatray ensures that we can continue to deliver on our promise of premier cyber threat intelligence.”

Threatray has developed an entire novel and highly scalable search engine for code that finds relationships between malware threats currently invisible to other technologies. Bringing the power of search to malware defense allows Threatray to innovate significantly in threat identification and attribution as well as intelligence analysis and correlation.

“We’re extremely proud and excited about this as well as intelligence analysis,” commented Endre Bangerter, CEO and co-founder of Threatray. “Intel 471’s deep coverage and intimate understanding of the cybercriminal ecosystem is well known in the industry. Having access to this new data and collaborating with their Intelligence team will push further our malware tracking and intelligence capabilities.”

About Intel 471
Intel 471 empowers enterprises, government agencies and other organizations to win the cybersecurity war using near-real-time insights into the latest malicious actors, relationships, threat patterns, and imminent attacks relevant to their businesses.

The company’s TITAN platform collects, interprets, structures, and validates human-led, automation-enhanced results. Clients across the globe leverage this threat intelligence with our proprietary framework to map the criminal underground, zero in on key activity, and align their resources and reporting to business requirements. Intel 471 serves as a trusted advisor to security teams, offering ongoing trend analysis and supporting your use of the platform. Learn more at https://intel471.com/.

About Threatray
Threatray is the most advanced malware identification engine, both in depth of analysis and width of coverage with unique OSINT correlation capabilities. Threatray provides faster, more accurate and deeper threat identification, allowing security teams to rapidly make better informed decisions while aggregating and retaining valuable proprietary knowledge and intelligence. Its platform simplifies and enhances all malware defense use cases —from triage and incident response to hunting and advanced analysis— for analysts of all skill levels. Learn more at https://threatray.com/.

Contact:
simon@threatray.com

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