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BNY Revolutionizes Compliance Monitoring Using Advanced Behavox Quantum AI Technology
BNY Mellon has implemented Behavox Quantum, an advanced compliance monitoring solution that enhances its risk management capabilities through artificial intelligence. This SaaS deployment integrates across BNY’s communication platforms and supports over 16 languages for global oversight. Behavox Quantum analyzes both structured and unstructured data, enabling real-time identification of compliance issues and proactive risk management. Tom Wileman, BNY’s Head of Global Compliance Assurance, emphasized the importance of this technology in mitigating risks. The collaboration with Behavox reflects a broader trend in the financial sector towards adopting AI-driven solutions to navigate increasing regulatory scrutiny and complex data environments.
Chainguard Secures $356M in Funding to Revolutionize Global Software Supply Chain Security
Chainguard, a cybersecurity firm focused on secure software development, has raised $356 million in a Series D funding round, bringing its total capital to $612 million and valuing the company at $3.5 billion. Co-led by Kleiner Perkins and IVP, the funding will enhance Chainguard’s product offerings, such as secure container images and virtual machines, and support international expansion. The company aims for $100 million in annual recurring revenue by fiscal 2026, following a sevenfold increase to $40 million in fiscal 2025. Over 150 clients, including ANZ Bank and Snap Inc., have praised Chainguard for its innovation in cybersecurity.
Sapiens Boosts Asian Presence with $22M Acquisition of Candela
Sapiens International Corporation has announced its acquisition of Candela, a provider of intelligent automation solutions for the insurance sector in the Asia-Pacific (APAC) region, in a $22 million cash deal set to close in Q2 2025. This acquisition aims to enhance Sapiens’ life product portfolio and expand its APAC presence. Candela, part of Azentio, brings nearly 30 years of experience and will complement Sapiens’ offerings with its automation technology. Sapiens expects this integration to standardize processes and improve client experiences. Candela will operate as a wholly owned subsidiary, and the acquisition is projected to positively impact profits from Q4 2025.
Dream Secures $100M in Series B Funding to Strengthen National Cybersecurity Initiatives
Dream, an AI company focused on national defense and cybersecurity, has raised $100 million in a Series B funding round, boosting its valuation to $1.1 billion. Led by Bain Capital Ventures, the investment reflects confidence in Dream’s innovative AI solutions that simulate cyber defenders and attackers to proactively identify threats. The funds will enhance their Cyber Language Model for improved threat detection and response, and facilitate market expansion. Additionally, industry veterans Enrique Salem and Shlomo Yanai join the board to strengthen leadership. Projected annual sales for 2024 exceed $130 million, highlighting Dream’s significant impact on global cybersecurity resilience.