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Commodity AI firm ChAI secures seed round funding to expand into AI insurance services

ChAI uses proprietary AI technology to provide real-time commodity price forecasts for multinational material companies and supply-chain providers through a smart price protection solution backed by insurance.
The funding round will allow ChAI to build and expand commodity insurance products for smaller companies for the first time – imperative in a period of increasing price volatility.
The investment round was led by the space-focused venture capital fund Seraphim Space with participation from Insurtech Gateway, Passion Capital, Primo Space Fund, 2050Cap and Portfolio Ventures

Commodities AI Ltd (ChAI), the AI-driven commodity intelligence company, has completed a seed round to help expand its industry-leading services into new markets, providing real-time commodity price forecasts to new global audiences, including raw-material businesses and key supply chain providers.

The funding announcement marks an important milestone in ChAI’s product development and capabilities of providing key information to a wide range of stakeholders as the commodity markets continue to experience significant volatility. Under the current market conditions supply chain providers require long-term forecasting to address global food security challenges. ChAI uses purpose-built AI to analyze thousands of data sets to identify what variables are driving market prices, predict raw material costs, highlight risk exposure and help its clients purchase the necessary commodity products effectively.

: John Aduma; Industry News; Posted On Monday, 24 October 2022 12:24

Integrity360 Partners with XM Cyber to Automate Mitigation of Hybrid Cyber Risk

Integrated solution will identify threats and reduce detection times with continuous and automated mitigation of hybrid cyber risk

London , 24 October, 2022: Integrity360, the UK and Ireland’s largest independent cyber security services specialist has today announced its partnership with XM Cyber, the multi-award-winning attack path management company, to provide automated mitigation of hybrid cyber risk.

Through the partnership, Integrity360 will integrate XM Cyber’s attack path management platform into its end-to-end service offerings, enabling customers in the UK and Ireland to benefit from continuous and automated mitigation of hybrid cyber risk, as well as increased prioritisation enabled by XM Cyber’s unique choke point approach.

: THE EDITORIAL TEAM; Industry News; Posted On Monday, 24 October 2022 12:21

TDSi a Finalist in the Security and Fire Excellence Awards 2022

Secure access control manufacturer’s GARDiS software solution shortlisted for 'Security or Fire Software Product or Software as a Service Innovation of the Year'

Poole: For the second year in succession, TDSi (www.tdsi.co.uk) has been shortlisted for the 'Security or Fire Software Product or Software as a Service Innovation of the Year' category in the Security and Fire Excellence Awards 2022 for its GARDiS software solution. The award is focused on rewarding innovators which have, through their new software product or Software as a Service offering, brought an extra dimension to the security and/or fire safety market.

: THE EDITORIAL TEAM; Industry News; Posted On Monday, 24 October 2022 12:18

Aqua Security Unveils Aqua Stars Program to Honour Top OSS Contributors

BOSTON: Aqua Security has today unveiled Aqua Stars, a new initiative to celebrate its top open source software (OSS) contributors. With monthly awards, the recognition program spotlights contributors who have made significant impacts on Aqua’s open source projects and the cloud native security community. These awards recognise the efforts of the largest open source cloud native security community in the world and those who help make cloud native security accessible to everyone.