Technology

Josys Saas Management Secures $100 Million in Venture Debt

Published

3 hours ago

October 7, 2024

Financing to Fund 10X Acceleration in Development Speed

PALO ALTO, Calif., Oct. 7, 2024 /PRNewswire/ — Josys, the SaaS Management platform that simplifies how IT works, has successfully secured $100 million in venture debt. This latest financing, combined with the $125 million Josys has previously raised, gives the company the strongest financial backing of any SaaS Management company in the world. Today, Josys is announcing plans to make large-scale investments in product development in both its Silicon Valley and Bangalore office locations and expects to increase the speed of development tenfold over the next two years.

This latest financing gives the company the strongest financial backing of any SaaS Management company in the world

Since Josys’ Series B round in September 2023, the company has multiplied revenue by 3X, doubled its customer count in Japan, and successfully expanded globally by gaining customers in the United States, Australia, and Southeast Asia. This new financing positions Josys for its next stage of growth as the leader in SaaS Management, where it aims to serve the needs of enterprises that are struggling with the security and cost challenges that sit at the core of SaaS operations.

Josys is also launching two new services this month to help customers dramatically improve the efficiency and effectiveness of their SaaS Management efforts. In a recent Josys survey, 79% of respondents admitted that their current processes for managing and governing SaaS licenses are too painful. Another 63% mentioned that they are still using spreadsheets as their primary approach for managing all of their SaaS applications. With time-consuming manual processes being the default solution for most organizations, it’s no surprise that 91% of survey respondents confirmed their interest in purchasing a SaaS management solution within the next 18 months.

To ensure the successful implementation and deployment of SaaS Management best practices, Josys is opening the world’s first SaaS Operations Excellence Center to help customers fully realize the value of critical SaaS Management tasks such as shadow IT detection, security optimization, license rationalization, and employee lifecycle management. Josys’ new 10,000 square foot Center is located in Kaihin-Makuhari, Chiba City, just outside of Tokyo and currently staffed by 30 SaaS operations analysts and technicians. With the aim of further developing and scaling its expertise to help customers strengthen their SaaS security posture and reduce IT overhead, Josys plans to expand the team to 100 by the end of 2025.

Josys is also announcing the general availability of its Multi-Tenant Portal, a SaaS Management module that allows centralized IT teams to manage the SaaS ecosystem and security posture of an entire group of companies. This solution is particularly useful for visualizing potentially weak security configurations of M&A targets and overseas subsidiaries, enabling real-time monitoring of shadow IT, privileged account status, and the detection of inactive employee accounts. With the Josys Multi-Tenant Portal, companies can respond swiftly to cross-company SaaS security risks and build a defense system that proactively identifies issues before they become problems.

To learn more about Josys, please visit josys.com or contact us here for more information.

About Josys
Josys is the SaaS Management Platform that simplifies how IT works. Our holistic approach equips IT teams with 360-degree control over their SaaS applications by making it easier to visualize user access, analyze utilization trends, and automate provisioning processes that will make IT operations run more efficiently.

Contact: pr@josys.com

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SOURCE Josys

Technology

NASA Welcomes Dominican Republic as 44th Artemis Accords Signatory

Published

58 mins ago

October 7, 2024

WASHINGTON, Oct. 7, 2024 /PRNewswire/ — The Dominican Republic is the latest nation to sign the Artemis Accords and joins 43 other countries in a commitment to advancing principles for the safe, transparent, and responsible exploration of the Moon, Mars and beyond with NASA.

“NASA is proud to welcome the Dominican Republic signing of the Artemis Accords as we expand the peaceful exploration of space to all nations,” said NASA Administrator Bill Nelson. “The Dominican Republic has made important strides toward a shared future in space and is now helping guide space exploration for the Artemis Generation.”

Sonia Guzmán, ambassador of the Dominican Republic to the United States, signed the Artemis Accords on behalf of the country on Oct. 4. The country also will confirm its participation in a high-level meeting of Artemis Accords signatories taking place Monday, Oct. 14, during the International Astronautical Congress in Milan, where furthering implementation of the principles will be discussed.

“This marks a historic step in our commitment to international collaboration in space exploration,” said Guzmán. “This is not just a scientific or technological milestone – it represents a future where the Dominican Republic contributes to the shared goals of peace, sustainability, and innovation beyond our planet. By joining the global effort to explore the Moon, Mars, and beyond, we are also expanding the opportunities particularly for our young Dominicans in science, education, and economic development.”

In 2020, the United States and seven other nations were the first to sign the Artemis Accords, which identified an early set of principles promoting the beneficial use of space for humanity. The accords are grounded in the Outer Space Treaty and other agreements including the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data.

The commitments of the Artemis Accords and efforts by the signatories to advance implementation of these principles support the safe and sustainable exploration of space. More countries are expected to sign in the coming weeks and months.

For more information about NASA’s programs, visit:

https://www.nasa.gov/

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SOURCE NASA

Technology

PetSafe® Announces Exciting Deals for Amazon Fall Prime Day

Published

58 mins ago

October 7, 2024

Discover Unbeatable Savings on Training, Containment, and Care Products for Your Beloved Pets This Fall Prime Day!

KNOXVILLE, Tenn., Oct. 7, 2024 /PRNewswire/ — PetSafe®, a leader in pet products and training solutions, is thrilled to share that pet owners can enjoy exclusive discounts on a wide selection of PetSafe® products during Amazon’s Fall Prime Day this October 8th and 9th. This is a fantastic opportunity for pet parents to invest in high-quality training tools and pet care solutions that enhance the lives of their furry companions.

Among the special offers are lightning deals on three featured products: the SportDOG Brand FieldTrainer 425X Remote Trainer, originally priced at $179.95, will be available for just $119.95; the PetSafe Wireless Pet Fence, which typically retails for $289.95, can be purchased for $199.95; and the PetSafe 1-Piece Sliding Glass Pet Door (Large), regularly $179.95, will be available for $129.95.

Additionally, PetSafe® will offer significant discounts on various best-selling items. Customers can find deals on the PetSafe® Easy Walk® Harness, available in multiple sizes and colors, along with the Deluxe Easy Walk® No Pull Harness. Other products include the Invisible Fence Brand Power Cap Battery, the Easysport Harness, and a range of bark control solutions, pet mats, and ramps designed to provide comfort and safety for pets.

These exclusive deals will be available during Amazon’s Fall Prime Day event, allowing pet owners to invest in their pets’ well-being while enjoying fantastic savings. For more details and to explore the full range of products, visit the PetSafe® storefront on Amazon.

For more information, visit PetSafeBrands.com or follow us on social media for the latest updates.

About PetSafe®
PetSafe® is the flagship retail brand of PetSafe Brands™, the world’s leading cat and dog products supplier. As a family of consumer brands that also includes Invisible Fence Brand®, SportDOG®, Kurgo® and Premier Pet®, PetSafe Brands™ is dedicated to unleashing joy for pet families everywhere by keeping pets healthy, safe and happy for a lifetime.

Contact:
Janna Chollet
917-826-8511
JChollet@PetSafe.net

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SOURCE PetSafe®

Technology

CHAI launches API for Social AI after strong Q3 growth hitting 1.2M DAU

Published

58 mins ago

October 7, 2024

CHAI is a Palo Alto based startup that is growing quickly, hitting over 40% growth in Q3 2024. Their team currently consists of 12 engineers and they are aggressively hiring and planning massive expansion

PALO ALTO, Calif., Oct. 7, 2024 /PRNewswire/ — CHAI initially had an app which is used by 1.2 million people a day, but has decided to branch out to offering B2B and B2C API after large demand from companion apps, chat apps, and social platforms.

The API is priced to compete with OpenAI gpt-4o-mini.

CHAI has demonstrated their model has significant uplift in retention and monetization rates for their AI, which has been optimized to be more entertaining, engaging and fun. Whereas most other AI API in the space are still focusing on accuracy and reasoning.

Press Contact:
Tom Lu
+1 (626) 594-8966

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SOURCE Chai