Business Wire India
Keynotes by Union ministers Jyotiraditya Scindia and Bhupender Yadav
The inaugural edition of the virtual summit attended by 1300 attendees
Summit sheds light on how Artificial Intelligence can become an ally in times to come
Digitalization has led to multiple innovations, and offers wide-ranging scope for technology advancements. Towards this, industries across the spectrum from manufacturing to services have recalibrated their supply chain to match the evolving markets. In response to evident audience appetite for information and insights on the AI industry, Moneycontrol and CNBC-TV18 hosted an engaging virtual summit that brought together experts on the subject.
In partnership with General Electric (GE), the inaugural edition of New HorAIzon Virtual Summit, organized by Moneycontrol, was held on October 6 and 7. Industry practitioners and observers spoke about the significance of digital technology and how it supports the world in finding efficient solutions in sectors including aviation, healthcare and renewable energy. With keynote speeches by Jyotiraditya Scindia – Hon’ble Minister of Civil Aviation, India and Bhupender Yadav – Hon’ble Union Minister of Environment, Forest, and Climate Change, the summit saw a massive turnout of over 1,300 attendees.
Given the need of the hour, the summit focussed on ways of implementing artificial intelligence to devise solutions to problems such as healthcare in times of the current pandemic, and obtaining renewable energy in face of the dual crises of unprecedented shortage and climate change that we are facing. The summit delved on how AI can assist in perking up operations, delivery and solving problems as quickly as possible.
Speaking on how the nation is scaling new heights with the use of technology under the leadership of Hon’ble Prime Minister Shri Narendra Modiji, Shri Scindia added, “Digital India began with a vision to use technology to ignite minds and serve people better. Technology has empowered lives through effective use of digital methods – using biometrics to deliver services to the poor, vaccinating the world’s largest population in the shortest period of time. Therefore, our model is not only a technology-first model but a people-first and purpose-driven model. The next decade of India’s progress is going to be directed by the digital investments that we make today. For us to be technology enablers, three tenets must be followed; the technology must be reliable, relevant and scalable.”
Shri Yadav opined, “We all are well aware of how climate change has hastened the risk of rising global temperatures. In such a situation, it is the responsibility of every nation to embrace technological advancements that will help mitigate the looming crisis. We are all trustees of our land, and it is our responsibility to save the environment and foster it for our future generations. This initiative by CNBC-TV18, through the tough questions it raises and responses it presents, is bound to be a cornerstone in the development of efficient and sustainable environmental protection strategies.”
Speaking at the summit, Amit Phadnis, Chief Digital Officer, GE Healthcare, highlighted, “We have witnessed that AI techniques can help in achieving precision medicine and enable remote consultations. The pandemic pushed healthcare to accelerate its remote telehealth consultation processes, something that would have taken 4-5 years otherwise. You may be a doctor sitting in a super specialty hospital in a metro city and there may be a patient in a rural setting. Earlier, there would be no other way but for the patient to get attention from a big hospital if the care was really required. Now, the care can be delivered where the patient is and the expertise gap has been bridged, to some extent. That’s AI-powered technology empowering lives.”
Danielle Merfeld, VP & CTO, GE Renewable Energy elaborated, “The most immediate and impactful action that we can take is growing the share of renewable energy used in our electricity consumption system as soon as possible. It is easier to generate renewable power now as the cost is not as prohibitive, and it has proven to be an economic advantage in the long run.”
All in all, Moneycontrol New HorAIzon summit scored a high point in its debut year from technology cohorts of experts from manufacturing and services industries. To watch the highlights / complete version of the summit, viewers may log on to https://new-horaizon.dreamcast.in/live.
Bitdeer Group’s Customer Obsession Approach Brings It to the World Top Player
Business Wire India
Bitdeer Group, the world’s leading digital asset mining service provider, earlier announced its plans to list on the NASDAQ through a merger with the publicly traded special purpose acquisition company Blue Safari Group Acquisition Corp. The transaction values Bitdeer at an implied enterprise value of approximately $4 billion. It marks Bitdeer Group’s latest achievement on the group level and the success of its business lines that support the group’s thriving growth, which could not have been achieved without Bitdeer’s obsession with its customers that leads to the customer-centric approach throughout the years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211126005355/en/
Bitdeer Group’s Customer Obsession Approach Brings It to the World Top Player (Graphic: Business Wire)
The Iceberg of Success
What Bitdeer Group has achieved today is only the visible part of the tip of the iceberg. Over the past years, the group has made a number of strategically decisive moves that helped sharpen its competitive edge and consolidate its leading position in this fiercely competitive market. All of this originates from and is guided by a core concept: customer obsession – the philosophy that any innovations must be driven by what truly matters to customers. For Bitdeer Group, this revolves around three key areas: 1) value-adding service offerings and user-friendly functions, 2) a stable operating entity that abides by laws and mitigates risks, and 3) data privacy and security. To better meet these needs, the group has taken an agile approach in establishing and developing its business lines.
Joint-effort and Achievement from Multiple Business Lines
As one of the business lines under Bitdeer Group and a highly trusted sharing service platform for digital assets mining, Bitdeer was first launched in December 2018. Bitdeer provided exactly what customers were desperately seeking – a simpler and more accessible approach and channel to acquire cryptocurrencies – at a time when the barrier to entry for crypto mining was a major deterring factor for individual crypto miners and enthusiasts. Alongside the evolving market trends, Bitdeer has diversified its portfolio of offerings by adding state-of-the-art cryptocurrencies and altcoins. Different service modes (Classic and Accelerator) have also been created in response to users’ varying needs. The platform is also localized in 9 languages to provide greater convenience and access to the global community.
Mining Datacenter, another major business line under Bitdeer Group, has recently celebrated its achievement in adopting clean and renewable energy, which is a result of its determination to grow responsibly and awareness of environmental impacts arising from the mining operation. This is a pioneering breakthrough in the industry to develop professional and standardized mining facilities, which are capable of operating at optimal levels under various climate conditions and linking up with a range of power supplies supported by the group’s proprietary innovations. It has significantly improved stability and lowered risks associated with electricity supply, so as to provide users with reliability and stability.
The boom of the industry on a global scale brings with it both challenges and opportunities. The Outlook of Bitdeer Group remains promising given its customer-centric approach which drives constant innovation and optimization of its products and services. No matter how Bitdeer Group evolves in the future, the mindset of ‘customer obsession’ will always come first and be at its core.
About Bitdeer Group
Bitdeer Group is the world’s leading digital asset mining service provider. It was founded by Jihan Wu, Co-Founder of Bitmain and Matrixport, with venture investment from Sequoia Capital, IDG, and other well-known investment groups in the blockchain space. Headquartered in Singapore, Bitdeer Group currently operates in the United States and Europe. The Group has three business lines — Bitdeer, Mining Datacenter, and Minerplus — demonstrating the dedication and expertise in becoming the world’s most reliable digital asset mining service provider.
For more information, please get in touch with Bitdeer Group:
Sales Consultation: firstname.lastname@example.org
Business Cooperation: email@example.com
Mining Datacenter Partnership: firstname.lastname@example.org
*Information provided in this article is for general information and reference only and does not constitute nor is intended to be construed as any advertisement, professional advice, offer, solicitation, or recommendation to deal in any product. No guarantee, representation, warranty or undertaking, express or implied, is made as to the fairness, accuracy, timeliness, completeness or correctness of any information, or the future returns, performance or outcome of any product. Bitdeer expressly excludes any and all liability (to the extent permitted by applicable law) in respect of the information provided in this article, and in no event shall Bitdeer be liable to any person for any losses incurred or damages suffered as a result of any reliance on any information in this article.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211126005355/en/
Mavenir Announces Commercial Availability of 4G Open RAN-based Outdoor Small Cell
Business Wire India
Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, announced today the commercial availability of its 4G Open RAN small cell for outdoor deployments, expanding the MAVair radio and access portfolio of small cells to meet Communications Service Providers’ (CSPs) growing need for enhanced network capacity and coverage. The solution had already been tested and deployed in commercial operation with a Tier 1 European CSP.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211124006039/en/
Mavenir’s 4G Open RAN Small Cell for Outdoor deployments. (Photo: Business Wire)
Mavenir’s outdoor small cell (O410) is a customer driven product, that addresses a need for outdoor small cells supporting both distributed and centralized Open RAN architectures. The solution is built on Mavenir’s modular hardware architecture and highly scalable, cloud-native software platforms, the underlying principles which enabled an expedited time-to-market with full architectural and deployment flexibility. Mavenir’s expanded small cells solutions, present a future proof way of building networks that ensures interoperability, vendor competition, element security and reduced operating costs across the RAN. Mavenir’s MAVair Open RAN small cells are market-proven, carrier grade solutions, that are easy to deploy, fully automated, software upgradable, highly scalable and adaptable.
The outdoor small cell supports both Split 2 and S1 interfaces and can be configured remotely for full deployment flexibility and upgradability, especially effective in areas where coverage and capacity from the CSPs macro is not available, is not economically viable, or faces zoning issues, etc. Ideal deployments include rural and remote locations, sites which are constrained by size, power, backhaul, and planning restrictions. The solution is plug and play, with zero-touch provisioning and installation, powered with Power over Ethernet (PoE) and offers interfaces with the same Open RAN CU as the macro network, and with common management with macro.
“By leveraging our modular hardware architecture and cloud-native scalable software, Mavenir is capable of delivering new products in an agile fashion which integrate and work seamlessly with other network components deployed by CSPs. This 4G outdoor small cell is the precursor for a completely new line of 4G and 5G Open RAN-based small cell products with integrated DU, as well as Multi RAT radio access solutions in general,” said Mavenir’s Aniruddho Basu, SVP and GM of Emerging Business.
With the release of the 4G outdoor small cell, Mavenir now has a complete offering of Multi-G (2G/3G/4G/5G), software upgradable, Open RAN-based small cells enabling CSPs to enhance their network capacity and coverage beyond in-building use cases.
Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry’s only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20211124006039/en/
Payhawk Raises $112 Million in the Second Largest Series B in Central and Eastern Europe
Business Wire India
Only seven months after closing its $20m Series A financing round, Payhawk announces its Series B of $112m all equity round led by US investor Greenoaks, who previously invested in high-growth companies like Checkout.com, Robinhood, Stripe and Brex
This is the second largest ever Series B for a B2B company in the CEE region after UiPath, and is the largest and fastest Series B in the spend management space across Europe
All existing investors, including QED Investors, Earlybird Digital East and Eleven Ventures are participating in the round
Payhawk currently serves companies in 27 countries with its company cards and spend management platform across Europe and will continue its global expansion with aims to open offices in the US, Netherlands, France, Australia and Singapore
The fintech will use the new funds to accelerate its product roadmap with the launch of a credit card in Q1 2022, and low-cost cross-border transfers as an alternative to SWIFT payments
Payhawk, the payments and expense solution with offices in London, Sofia, Berlin and Barcelona, has raised $112 million just three years after its inception, valuing the company at $570m. The Series B round is led by the San Francisco-based investor Greenoaks, who has a strong track record of investing in high-growth technology companies such as Gorillas, Robinhood, Stripe and Brex. All existing investors, including QED Investors, Earlybird Digital East and Eleven Ventures are participating in the round.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211122006123/en/
Description: Hristo Borisov CEO left, Boyko Karadzhov CTO centre, Konstantin Djengozov CFO. (Photo: Business Wire)
Currently, finance teams are still bound to a high amount of manual work as they are using multiple disconnected tools for cards, payments, invoices and expense management. Payhawk reduces the amount of manual work by combining those key elements in one platform and therefore acting as a one-stop-shop for finance teams.
With high-growth companies, in particular, looking to digitise financial processes, Payhawk emerges as the leading platform for large SMEs and enterprise customers, especially those multinationals who have multiple offices worldwide.
In 2021, Payhawk introduced 3% cashback on all payments, new enterprise features, free bill payments, and support for Apple Pay and Google Pay in 30 countries. Since its Series A round, transaction volume through the platform has increased by 663% and continues to grow at 45%+ month-on-month in October. Its customer base consists of a mix of scale-ups and corporates in 27 countries across Europe, including A.T.U, Luxair, Flink, Viking Life and Wagestream.
In 2022, Payhawk will continue its expansion by aiming to open offices in the U.S., the Netherlands, Australia and Singapore, enabling the company to further expand its product offering by introducing credit cards and allowing smarter and cheaper cross-border transactions on top of its invoice management system.
These expansion and product build plans will run in tandem with growing the marketing and sales team in Payhawk’s key markets of the UK, Germany, Spain and Benelux. To further boost its enterprise focus, the company has appointed Paul Albert as SVP Global Sales, who will lead direct sales, partnerships and customer success.
Patrick Backhouse, a Partner of Greenoaks, said, “Ask any business owner, and they’ll tell you that managing corporate spend is among the most frustrating parts of running a company. It requires significant manual work that consumes employee time and introduces substantial room for error. Payhawk turns a fragmented process into a seamless one, providing a single place to manage the entire spending lifecycle from company cards to expenses and bill payments to invoices. We’ve been thrilled to see how fast they’ve grown, already serving a truly global customer base that’s attracted by powerful and delightful software. We think that painful expense reports and bill payments should be a thing of the past, and we are excited to partner with Payhawk on the way to getting there.”
Hristo Borisov, CEO and Founder at Payhawk, said, “Managing company cards, especially reports, bill payments, and invoices is currently a disconnected experience bridged by finance teams through a lot of manual work. We are building enterprise software running on global payments infrastructure that automates all spend processes. Our strong product background and engineering team allows us to move at break-neck speed. This, in turn, will enable global enterprises and fast-growing technology companies to transform how they manage their company spending, and improve efficiencies while unlocking employee time to be better spent elsewhere”
Payhawk is a financial platform that combines expense management, payments and invoice management in one solution and therefore works as a one-stop-shop for finance teams. Its customer base consists of a mix of fast-growing and mature multinational companies like LuxAir, Lotto24, Viking Life, Gtmhub, Flink, MacPaw and By Miles. Payhawk is also leading the digital transformation agenda of companies like A.T.U in Germany, where the product has replaced cash with company cards at more than 550 branches. The fintech is headquartered in London and was founded in 2018 by Hristo Borisov, Boyko Karadzhov and Konstantin Dzhengozov and is supported by renowned investors such as Greenoaks, QED Investors, Earlybird Digital East and Eleven Ventures.
Founded in 2012, Greenoaks is a global investment firm that makes concentrated, long-term investments in technology-enabled businesses around the world. At Greenoaks, we believe a small handful of companies define each generation. Our sole mission is to identify these companies early in their life cycles and partner with their founders for decades. We’ve led investments in companies such as Discord, Brex, and Rippling in the US; Deliveroo and Checkout in Europe; Coupang in South Korea; and Kavak in Latin America.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211122006123/en/
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