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☆ Cloud security startup Wiz turned down a Google takeover. Now, it plans to ride the AI boom to an IPO.
▼ + stars: | 2024-12-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

Cloud security startup Wiz has grown rapidly in just four years, raising $1.9 billion along the way. AdvertisementIts next priority is to double that revenue metric — and then become a public company. It bills itself as a cloud security company that helps companies identify risks in their cloud providers. Wiz has found that over 80% of its customers are using AI services — which "are, in some ways, like cloud services. AdvertisementShe likened companies buying security services to buying insurance packages, pointing to incumbents in the security industry with a similar model.

Persons: Raaz Herzberg, Wiz, Herzberg, Andreessen Horowitz, —, Palo, Donald Trump's, We're Organizations: Wiz, Google, Microsoft, Index Ventures, Companies, BI, BMW, Palo Locations: Europe, New York, Virginia , Texas , Colorado, Israel, London, Silicon, Palo Alto, York

☆ How Singapore is helping 'future-food' companies scale up
▼ + stars: | 2023-11-01 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +7 min

Global food-tech innovators like Corning Life Sciences and ScaleUp Bio are among those setting up shop. Inside a lab on the west coast of Singapore, the future of food production is being developed — or fermented, to be more precise. The company is ScaleUp Bio, a local contract development and manufacturing organization that provides submerged microbial and precision fermentation for food-tech startups. In the long term, this will reduce costs compared to traditional agricultural methods and help make food production more sustainable. Despite the sector's immediate funding challenges, Singapore is committed to being a consistent partner and helping companies with similar goals achieve success.

Persons: ScaleUp, Francisco Codoner, John Shyu, Shyu, ScaleUp's Codoner Organizations: Global, Life Sciences, ADM, Nurasa, Temasek, Deloitte, Good Food Institute, Singapore Government, Corning Life Sciences, Singapore's Agency for Science, Technology, Research, GFI, Food, Insider Studios, Singapore Economic Development Board Locations: Singapore, Southeast Asia, agrifood, Asia

☆ China's 'father of EVs' urges cooperation on EV scaleup
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

Chinese Minister of Science and Technology Wan Gang attends the International Forum on Electric Vehicle Pilot Cities and Industrial Development in Beijing, China June 6, 2017. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsMUNICH, Sept 6 (Reuters) - China's industrial policy adviser and "father of EVs" Wan Gang said efficient batteries, better EV architectures and intelligent driving systems were key to scaling up EVs, calling for international collaboration on research and standards. Speaking at China's World New Energy Vehicle Congress taking place in Munich, Wan, a former science minister widely regarded as a key promoter of EVs in China, said hybrid and fuel cell vehicles powered by hydrogen were an essential part of the transition to low-carbon mobility. "We need to promote the whole supply chain of low-carbon development," he added. Reporting by Zhang Yan, Victoria Waldersee; Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Zhang Yan, Victoria Waldersee, Friederike Heine Our Organizations: of Science, Technology Wan Gang, Electric Vehicle, Industrial Development, REUTERS, Rights, Gang, New Energy Vehicle Congress, Thomson Locations: Beijing, China, Munich, Wan

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