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AI Security Firm Pillar Secures $9M Funding to Revolutionize Enterprise Software Safety
Pillar Security, a US startup specializing in AI-native cybersecurity solutions, has raised $9 million in seed funding, led by Shield Capital and supported by Golden Ventures and Ground Up Ventures. This funding will enhance its end-to-end security platform for enterprises using AI, addressing challenges like evasion attacks and data poisoning. As AI adoption increases, concerns about AI-related security breaches are rising, with 77% of cybersecurity leaders expressing significant worry. CEO Dor Sarig highlighted AI’s transformative impact on software development, emphasizing Pillar Security’s commitment to redefining application security for the Intelligence Age. The funding will accelerate research and market strategies.
Unlocking Insights: How the AI-Powered Grocery Sentiment Index Bridges the Gap Between Consumer Mood and Spending Habits
The newly launched Grocery Sentiment Index (GSI) by SymphonyAI offers an optimistic outlook for the grocery sector in Q2 2025, despite concerns about tariffs and inflation. Utilizing AI to analyze purchasing data from 64 million households, the GSI provides insights into consumer behavior through 200 metrics, such as store visits and product loyalty. Notably, it reveals a disconnect between consumer sentiment and actual spending, with consumers continuing to purchase essentials. While sentiment in Europe and Asia declined due to rising prices, analysts predict a return to neutral sentiment in these regions driven by increased engagement in core grocery categories.
Celebrating 20 Years of Payoneer: Pioneering Cross-Border Financial Services
Payoneer, a New York-based financial services platform, is celebrating its 20th anniversary in 2024, highlighting its role in cross-border trade. In the past year, Payoneer achieved record transaction volumes of $80 billion and aims to enhance its services through innovation and strategic acquisitions, including Skuad. The company also emphasizes social responsibility, planning to invest $2 million in Endeavor to support global entrepreneurs. Payoneer will host a celebratory event in New York, featuring discussions on its history, an Ambition Hackathon, and participation in the Nasdaq closing bell ceremony, showcasing its commitment to empowering businesses worldwide.
Future-Proof Compliance: Distinguishing True AI from Outdated Legacy Software
As AI adoption grows in compliance and risk management, organizations must differentiate between genuine AI solutions and traditional software. Shwetha Shantharam from 4CRisk.ai emphasizes evaluating vendors by assessing their AI capabilities, such as autonomy, learning from interactions, and measurable ROI. Authentic AI should automate decision-making and handle unstructured data while employing specialized language models to ensure data security. A robust AI platform should be data-driven, scalable, and cloud-based, with strong security measures. 4CRisk.ai offers innovative tools like Ask ARIA Co-Pilot, which can significantly reduce manual research time and enhance compliance decision-making efficiency.
Swan Secures €42M to Propel Embedded Banking Expansion Across Europe
Swan, a leader in embedded banking, has raised €42 million in Series B funding to enhance its services across Europe, particularly targeting Belgium and the UK. This investment will help integrate banking into everyday business tools for improved operational efficiency, especially for SMEs. Swan’s platform offers core banking infrastructure, regulatory management, and custom solutions. Since its funding announcement, the company has expanded into the Netherlands and Italy, with a notable 250% increase in revenue and a 370% rise in card issuance. To support growth, Swan plans to hire over 80 new employees, aligning with its vision of seamless banking integration.
Drata Boosts Trust Management Solutions with Strategic SafeBase Acquisition
Drata, a leading trust management platform, has acquired SafeBase, a provider of Trust Center solutions, to enhance its offerings and create a comprehensive solution for organizations aiming to establish a strong trust layer with partners. This acquisition will streamline security reviews, improve vendor risk management, and utilize AI-driven automation for efficient processes. While financial details are undisclosed, the deal is expected to close later this month. Both companies recognize the growing demand for robust trust management solutions amid increasing regulatory requirements and security risks, positioning themselves to redefine compliance and risk management in the industry.