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    Google’s smartphones are first to be certified by ioXt Alliance

    • Devices with ioXt SmartCert gives consumers and retailers greater confidence in a highly connected world.

    Google’s three smartphones – Pixel 4, Pixel 4a and Pixel XL – are among a wide range of devices that got certified by ioXt Alliance.

    Devices certified by the ioXt Alliance also include smart home, lighting controls, IoT Bluetooth, smart retail, portable medical, pet trackers, routers and automotive technology from leading players such as Google, T-Mobile, Silicon Labs, Leedarson and DSR.

    The ioXt Alliance is backed by more than 200 biggest names in tech and is the only organisation positioned to handle the rapidly increasing demand for IoT device certifications that meet security requirements across every product category.

    “Devices with the ioXt SmartCert gives consumers and retailers greater confidence in a highly connected world,” Brad Ree, Chief Technology Officer at ioXt Alliance, said.

    Biggest challenge

    With this certification, ioXT Alliance has plugged the hole on the biggest challenge facing the industry that is the security, privacy and safety of the IoT devices while bringing transparency and unified standard to connected gadgets.

    One of the main issues of the current IoT devices is that it comes with pre-installed passwords and not configured to receive or run software updates.

    Ree said that the eight principles of ioXt are no universal passwords, secured interfaces, proven cryptography, security default, automatic security updates, verified software, security expiration data and vulnerability reporting programme.

     “One of the profiles we launched is Android and around the profile there are different pieces of information such as how long the software is updated and how long the product will be supported.  

    Security updates

    What Google is really looking at is bringing upfront what their security ratings are and drive the entire Android ecosystem along,” he said.

    Google supports three years of software security updates for each version.

     “While consumers have long called for better device security and privacy protections, we understand that retailers are now putting tremendous pressure on consumer tech to ensure the IoT products they put on their shelves are secure,” he said.

    “Transparency about the security ‘ingredients’ in connected devices acts as a tide to raise all boats, helping users make better decisions and the world realise the potential of the Internet of Things,” said Dave Kleidermacher, Google Vice-President of Engineering at Android Security and Privacy.

    Providing transparency

    With significant revenues on the line, Lee said that companies are recognising the need to provide transparency and assurance to those using or selling their products.

    “We are proud to be the organisation that big players in the industry are increasingly relying on to thoroughly test and certify products as secure, no matter the type of device,” he said.

    Moreover, he said that the market is going to see some interesting cellular announcements over the next year from ioXT Alliance.

    “IoT products are working their way into every aspect of our lives as consumers and in business which offers those with malicious intent a vector of which to prey and security is not optional,” Mike Dow, Senior Product Manager of IoT Security at Silicon Labs, said.

    With major manufacturers and tech disruptors on board, membership growing and Authorised Labs such as Bureau Veritas – 7layers, DEKRA and NCC Group, Lee said the ioXt Alliance continues to pave the way in defining industry-led global security standards that can be tested at scale.

    Venture Catalysts leads investment in Cusmat

    • Startup harness power of emerging technologies to upskill, train and assess employees for multiple verticals.

    New Delhi: India’s largest integrated incubator and accelerator platform – Venture Catalysts – has invested an undisclosed amount in Cusmat startup in a bid to make training accessible, fun and efficient for enterprises.

    Cusmat leverages AR/VR/MR and AI-based technologies to skill, upskill, train and assess people in enterprises.

    The company currently offers five training products, catering to more than 15 industries including logistics, electronics, manufacturing, mining, steel, cement, pharmaceutical and healthcare, among others.

    The seed funding round was led by Venture Catalysts investor – Raveen Sastry of Multiply Ventures.

    Co-investors Vaibhav Domkundwar, Better Capital, Rakesh Verma Chairman, MapMyIndia, Pratap Atwal, Director, CIPL (coronation Mining & Infra) also participated in the fundraiser.

    Reach new heights

    Dr. Apoorv Ranjan Sharma, President and Co-founder of Venture Catalysts, said that Cusmat is a first-of-its-kind company that is harnessing the power of XR and robotics analytics to upskill, train and assess employees for multiple daily productions and high-level emergency and accident scenarios.

    “Their marquee products have already garnered significant traction and the company is well-positioned to take the lead in the market. Besides product innovation, we are also impressed by the technical expertise shown by the team. We are confident that Cusmat will utilise the funding to reach new heights and carve a niche for themselves,” he said.

    Raveen Sastry of Multiply Ventures, a seasoned entrepreneur turned angel investor, said that AR/VR is at an inflection point where it can be used very effectively for multiple use cases.

    Speaking on the fundraise, Abhinav Ayan, CEO of Cusmat, said: “Our scalable, cloud linked, LMS Integrated platform enables enterprise of all sizes to- standardise training processes across setups, locations, plants with capabilities to track, compare and visualise skill-specific workforce competency levels and subsequently develop learning track plans for individuals, based on their current competency levels and organisational needs.”

    Saudi organisations witness dramatic rise in cyberattacks

    • About 61% of the attacks also involve operational technology, Tenable report shows.

    Dubai: As cybercriminals continue their relentless attacks, 95% of Saudi Arabian organisations have experienced a business-impacting cyberattack in the past 12 months.

    According to a study conducted by cyber exposure company Tenable, 85% of respondents in Saudi Arabia have witnessed a dramatic increase in the number of business-impacting cyberattacks over the past two years.

    Unfortunately, these attacks had damaging effects, with organisations reporting loss of customer and/or employee data (41%), ransomware payments (37%) and financial loss or theft (35%).

    The report showed that about 61% of the security leaders in Saudi Arabia said that the attacks also involved operational technology (OT).
    Only four out of 10 of local security leaders say they can answer the fundamental question, “How secure, or at risk, are we?” with a high level of confidence, despite the prevalence of business-impacting cyberattacks.

    Looking at global respondents, fewer than 50% of security leaders said they are framing cybersecurity threats within the context of a specific business risk.

    For example, though 96% of respondents had developed response strategies to the Covid-19 pandemic, 75% of business and security leaders admitted their response strategies were only “somewhat” aligned.

    Work hand-in-hand

    In the future, Renaud Deraison, Chief Technology Officer and co-founder, Tenable, said that there will be two kinds of CISO – those who align themselves directly with the business and everyone else.

    The only way to thrive in this era of digital acceleration is to bring cyber into every business question, decision and investment, he said.

     “We believe this study shows that forward-leaning organizations view cybersecurity strategy as essential to innovation and that when security and the business work hand-in-glove, the results can be transformational,” he said.

    The report showed that organisations with security and business leaders who are aligned in measuring and managing cybersecurity as a strategic business risk deliver demonstrable results are eight times more likely to be highly confident in their ability to report on their organisations’ level of security or risk while 90% are very or completely confident in their ability to demonstrate that cybersecurity investments are positively impacting business performance compared with 55% of their siloed counterparts.

    Eyewa raises $2.5m pre-series B bridge round

    • UAE e-commerce startup seeks to spread wings across Middle East and North Africa.

    Dubai: UAE-based eyewear e-commerce player – eyewa – has raised a pre-series B bridge round of $2.5 million from Wamda Capital, EQ2 Ventures and Nuwa Capital. 

    This is eyewa’s third funding round, it comes hard-on-the-heels of a mid-2019 Series A round of $7.5million and $1.1 million in a seed round in 2018. 

    In the span of three years, eyewa has raised a capital of $11.1 million, demonstrating the tech startup’s growth and scalability potential as well as investor confidence in its business model. 

    It is the largest online eyewear retailer in UAE and Saudi Arabia and saw its business double during the lockdown as many customers switched their shopping habits away from the malls and stores towards the convenience and safety of online shopping. 

    Unique portfolio

    Eyewa co-founder and co-CEO Anass Boumediene said, “eyewa has seen exponential growth over the last year by making eyewear more accessible in our region. We offer a unique portfolio of trendy eyewear products at an affordable price and a great online shopping experience, solving a big pain point for our customers.” 

    Eyewa will leverage the additional capital to double down on the rapid expansion, e-commerce has witnessed during the pandemic and build new capabilities to further strengthen its position in the online eyewear space in the MENA region.

    Mehdi Oudghiri, co-founder and co-CEO added, “These funds will allow us to accelerate our disruption of MENA’s eyewear retail sector through the implementation of innovative tech solutions, expanding our product portfolio and offer best in class customer service.”

    Last year, eyewa was selected as one of the top 100 Arab startups by the World Economic Forum for its contribution to the region’s digital transformation.

    Growth opportunity

     “The strong resilience and consistent performance demonstrated by eyewa’s founders and team over the last few months speak to the company’s immense potential to lead over the coming years. The founders’ response to the challenges posed by the COVID-19 outbreak does not fall short of efficiency and reassures our confidence in eyewa as a unique e-commerce platform that continuously seizes market opportunities and will only continue to grow and enhance the user experience across the Mena region,” said Fadi Ghandour, Executive Chairman of Wamda.

    Patrick Thiriet, CEO of EQ2 Ventures, said, “Ever since it was launched by Anass and Mehdi, eyewa has been a role model for the MENA innovation ecosystem. Its talented, dedicated team keeps on finding ways to better serve consumers’ needs, raising the bar for all players in the eyewear market. We are, more than ever, proud to be part of their journey.” 

    “We launched Nuwa Capital with a singular goal, to back and support the region’s most remarkable founders. This investment in eyewa is the very first step in a wider investment thesis that looks to deliver on this promise, and we are deeply excited to start realizing the vision of Nuwa Capital through our partnership with eyewa’s founders Anass and Mehdi,” said Nuwa Capital’s Managing Partner Khaled Talhouni.

    Riyadh and Dubai to benefit from autonomous mobility-on-demand solutions

    • Intensifying urban mobility challenges emphasise need for an overhaul of public transport services.

    Dubai: Saudi Arabia and the UAE are likely to benefit the most in the region from autonomous mobility-on-demand (AMoD), with the adoption of AVs and robo-shuttles to rejuvenate public transport services.

    Although several new mobility solutions are poised to address issues such as mounting urban mobility challenges, congestion, carbon emissions, space, and road accidents beyond 2030, determining which solutions to adopt for each city has been unclear until now, according to a new report by Boston Consulting Group.

    The report, titled ‘Can Self-Driving Cars Stop the Urban Mobility Meltdown,’ illustrates how emerging mobility solutions will benefit some metropolises more than others depending on the suitability and mobility ecosystem of each individual city.

    “Many cities, including Riyadh and Dubai, have been grappling with transportation-related issues on multiple fronts, and AMoD solutions could help tackle these challenges,” said Giovanni Moscatelli, managing director and partner, BCG.

    “We anticipate around half of AVs alone will be commercial vehicles instead of privately owned, which would deliver greater convenience than conventional mass transit options do.”

    As per BCG and HSG research, the major obstacle facing Saudi and the UAE is comparatively new and developing public transport systems, which leads to higher congestion in metropolitan areas.

    Sophisticated simulation tool

    Riyadh and Dubai’s population is currently over seven million and three million, respectively, and rising every year – emphasizing the underlying need to introduce sustainable public transportation systems.

    To investigate the impact of AMoD solutions on mobility ecosystems in the future, BCG and HSG developed a sophisticated simulation tool to analyze the technology’s effects over time concerning traffic volume, road fatalities, transportation costs, total parking space, energy consumptions, and journey times.

    As a first step, five city archetypes were identified – Highly compact middleweight, Car-centric giant, Prosperous innovation center, Developing urban powerhouse, and High-density megacity.

    Crucially, Riyadh and Dubai have both been placed in the Car-centric giant category as they that have large populations but very low density.

    Car-centric giants such as Riyadh and Dubai, which are spread out and have developing public transportation systems, would benefit from robo-shuttles and AVs more than any other scenario.

    As these would replace private cars, BCG and HSG have concluded that annual fatalities and total parking areas would decline by 37 per cent and 35 per cent, respectively.

    Traffic volume would drop by four percent, energy consumption by 12 per cent, and transportation costs by 13 per cent, while journey times would also decrease by 3 percent.

    Sustainable transportation systems

    At the same time, journeys per year in terms of private cars and public transit would decrease by 27 per cent and two per cent, respectively, when compared to current and projected future modal splits – while robo-taxi’s and robo-pods each account for 11 percent of trips annually in the forecasted model.

    However, while some automakers and tech companies plan to launch AVs by the mid-2020s, it will most likely take cities several more years to fully prepare for them – meaning such benefits will not come to fruition until the early 2030s.

    Both Riyadh and Dubai stand to capitalize, and the development of AVs could make their respective urban environments greener, more flexible, and help support sustainable transportation systems.

    Edoardo Geraci

    “AVs, including robo-shuttles and robo-taxis, are suitable for Riyadh and Dubai, and the onus is on planners to conduct and continue conducting pilot projects – using policy measures such as dedicated lines, easy availability, price advantages, and good user experiences to promote their uptake,” said Edoardo Geraci, who works on the Future of Mobility for BCG Middle East.

    “Mass transit systems in car-centric giants tend to be subpar, thus AMoD solutions will have to be extremely convenient and embedded into a wider digital ecosystem to convince commuters to dispose of their private vehicles,” complemented Ingmar Schaefer a core team member of the BCG automotive and mobility practice.

    To investigate the impact of AMoD solutions on mobility ecosystems in the future, BCG and HSG developed a sophisticated simulation tool to analyze the technology’s effects over time concerning traffic volume, road fatalities, transportation costs, total parking space, energy consumptions, and journey times.

    As a first step, five city archetypes were identified – Highly compact middleweight, Car-centric giant, Prosperous innovation center, Developing urban powerhouse, and High-density megacity.

    Crucially, Riyadh and Dubai have both been placed in the Car-centric giant category as they that have large populations but very low density.

    Benefits

    Car-centric giants such as Riyadh and Dubai, which are spread out and have developing public transportation systems, would benefit from robo-shuttles and AVs more than any other scenario.

    As these would replace private cars, BCG and HSG have concluded that annual fatalities and total parking areas would decline by 37 per cent and 35 per cent, respectively.

    Traffic volume would drop by four per cent, energy consumption by 12 percent, and transportation costs by 13 per cent, while journey times would also decrease by 3 per cent.

    Ingmar Schaefer

    At the same time, journeys per year in terms of private cars and public transit would decrease by 27 per cent and two per cent, respectively, when compared to current and projected future modal splits – while robo-taxi’s and robo-pods each account for 11 percent of trips annually in the forecasted model.

    However, while some automakers and tech companies plan to launch AVs by the mid-2020s, it will most likely take cities several more years to fully prepare for them – meaning such benefits will not come to fruition until the early 2030s.

    Both Riyadh and Dubai stand to capitalize, and the development of AVs could make their respective urban environments greener, more flexible, and help support sustainable transportation systems.

    “AVs, including robo-shuttles and robo-taxis, are suitable for Riyadh and Dubai, and the onus is on planners to conduct and continue conducting pilot projects – using policy measures such as dedicated lines, easy availability, price advantages, and good user experiences to promote their uptake,” said Edoardo Geraci, who works on the Future of Mobility for BCG Middle East.

    “Mass transit systems in car-centric giants tend to be subpar, thus AMoD solutions will have to be extremely convenient and embedded into a wider digital ecosystem to convince commuters to dispose of their private vehicles,” complemented Ingmar Schaefer a core team member of the BCG automotive and mobility practice.

    Pure Harvest selects Bom to rev up high-tech farms

    • Coordinated effort to boost operational and cost efficiency

    Dubai: UAE-based Pure Harvest Smart Farms has commissioned Dutch specialist contractor Bom Group to build its high-tech farms as it expands its footprint in the region.

    As part of this partnership, Bom Group will build Pure Harvest’s high-tech farms across the United Arab Emirates and Saudi Arabia simultaneously in a coordinated effort for operational and cost-efficiency.

    “We have a long-standing relationship with the leadership team at Bom Group that spans several years. As a leader in high-tech farming in the region, we are able to leverage our proprietary design insights and years of production data together with Bom Group to build climate-controlled greenhouses with capabilities to offer year-round, locally and sustainably grown fresh fruits and vegetables with efficient use of resources,” Sky Kurtz, Founder and CEO of Pure Harvest Smart Farms, said. 

    Pure Harvest’s system was specifically engineered to address the harsh climates of the Arabian Gulf region and allowed the company to be one of the first to produce year-round, premium quality tomatoes at a commercial scale. 

    With a mission to provide food security, reduce food import dependency, improve food quality, nutritional content, and variety in the region, Pure Harvest’s solution has positioned it as a pioneer of high-yielding, year-round, local production of fresh fruits and vegetables within the GCC region.

    “We are now in a position to accelerate the development and market penetration of our innovative Agtech solutions and tapping into the expertise of the Bom Group will help us to achieve our growth aspirations.  We believe that our solutions and capabilities will accelerate the adoption of technology for food production in the region, impacting food security, economic diversification and sustainability on a large scale,” Kurtz said.

    John Meijer, Commercial Director, Bom Group, said that sustainable and environmentally-conscious practices are at the core of how we build, and “we are delighted to lend our global experience and knowledge as Pure Harvest expands in the region.” 

    The combined footprint of both projects in the UAE and Saudi Arabia is roughly 120,000 square metres and will produce a wide variety of high quality and safe tomatoes and leafy greens. 

    Engineering and construction works have already begun with a targeted completion in the first quarter of next year.