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Semgrep Secures $100M Series D Funding to Revolutionize AI-Powered Code Security
Semgrep, an application security platform, has raised $100 million in its Series D funding round, led by Menlo Ventures, bringing its total funding to $204 million. The capital will enhance code security, attract AI talent, and expand product offerings. Semgrep aims to improve developer productivity while shifting security perception positively. Key leadership appointments include Garrett Souza as VP of Sales and Mark McLaughlin as an Angel Investor and Advisor. Industry experts highlight Semgrep’s innovative approach to autonomous code security as a future trend. This funding follows a successful Series C raise in April 2023, underscoring its growth trajectory.
Proxymity Secures $26M Investment to Enhance Transparency in Shareholder Communication
Proxymity, a digital investor communication platform, has raised $26 million in a new funding round led by prominent investors, including BNP Paribas, BNY Mellon, and J.P. Morgan. The investment reflects strong confidence in Proxymity’s potential to transform shareholder communication and proxy voting through advanced technology. Funds will enhance the platform’s user experience and support geographic expansion. Proxymity’s offerings include Vote Connect Global and Vote Connect Total North America, facilitating real-time voting for global investors. CEO Dean Little expressed excitement over the funding, highlighting its role in driving innovation in shareholder communications.
Gala Technology Unveils SOTpay Connect: Revolutionizing Payment Processing for Seamless Transactions
Gala Technology has launched SOTpay Connect, an advanced payment platform aimed at improving payment processing efficiency. Developed from six years of customer feedback, it replaces older systems and reduces fraud-related chargebacks and processing fees. SOTpay Connect supports various payment channels, integrates with popular software like Xero and QuickBooks, and features a marketplace for add-ons. Its robust security measures and rapid implementation promise significant cost savings for businesses. CEO Jason Mace highlights the platform’s scalability and innovation, while CTO Steve Biggs emphasizes its flexibility for diverse business needs. SOTpay Connect aims to facilitate secure and seamless growth for companies across sectors.
Ecommpay Unveils Innovative Italian Payments Suite to Fuel E-Commerce Growth
Ecommpay, a global payments platform, is enhancing support for international e-commerce merchants entering the Italian market by offering localized payment options. This initiative addresses the issue of basket abandonment due to unfamiliar payment methods, crucial for thriving in Italy’s $51 billion e-commerce sector. Ecommpay’s solutions include acquiring, card processing, and alternative payment methods like Satispay and MyBank, improving acceptance rates by 2-3%. With 69% of online transactions using digital payments, Ecommpay aims to optimize user experience through multilingual support, helping merchants create a seamless checkout process and boost customer loyalty in Italy’s dynamic market.
Zero Launches Revolutionary Eco-Friendly Banking App for Sustainable Finance
Cardiff-based FinTech company Zero has launched a sustainable money app aimed at eco-conscious consumers, enhancing sustainable banking accessibility. The app features a free personal account, a fee-free debit card, and a unique GreenScore tool to help users understand the environmental impact of their spending. Backed by the Development Bank of Wales, Zero operates under e-Money regulations and plans to acquire a UK banking license for future sustainable lending products. The company has initiated a crowdfunding campaign to engage the public, with a commitment to return 20% of its value to customers. CEO Richard Theo envisions significant economic benefits for Wales through this venture.
Trustfull Launches Innovative Domain Intelligence Tool to Revolutionize Business Verification
Trustfull has launched Domain Intelligence, an innovative tool that automates Know Your Business (KYB) checks and merchant verifications using AI agents for comprehensive online due diligence. This tool analyzes websites, evaluates their social media presence, and addresses the rise in fraudulent activities that lead to financial losses for institutions. Key features include automated verification, enhanced fraud detection, and improved efficiency. CEO Marko Maras emphasized the need for modern solutions to combat sophisticated criminal tactics. Domain Intelligence represents a significant advancement in fraud prevention, transforming risk management for financial institutions and e-commerce platforms. More details are available on Trustfull’s website.