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Qantev raises €30 million from Blossom Capital to continue building the world’s most advanced AI-driven claims platform for health and life insurers

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PARIS, Oct. 10, 2024 /PRNewswire/ — Qantev – the most advanced AI-powered platform transforming how health and life insurers manage claims, reduce costs and improve services –  has raised €30 million in a new funding round led by Blossom Capital, with participation from existing investors Elaia, Omnes and RAISE Venture.

With this new capital, Qantev plans to focus on three key areas:

Enhancing the platform: Qantev will accelerate R&D efforts to expand its platform, adding advanced AI modules that further optimize claims processing and decision-making. The company will invest in cutting-edge technology to help insurers reduce operational costs and improve patient outcomes.Recruiting top talent: To maintain its leadership in the industry, Qantev will recruit top-tier AI and engineering talent globally, with a focus on building an exceptional team to drive its technology vision forward.Global expansion: As part of its strategic growth, Qantev will expand its footprint in key international markets, particularly in North America and Asia. This expansion will allow the company to tap into new customer segments and tailor its offerings to the specific needs of insurers in these regions.

Founded in 2019 by former AXA lead data scientist, CEO Tarik Dadi and ex-quantitative analyst and CTO Hadrien De March, Qantev’s AI-driven software brings automation and efficiency to an industry facing rising costs, chronic disease and ageing populations. Global medical costs alone are projected to see near double-digit (9.9%) increases by the end of the year and 58% of insurers are concerned these costs will rise further by 2027. At the same time, demand for health insurance, driven by ageing populations, COVID backlogs, a decline in public healthcare funding and an increase in the purchasing power of emerging countries, has skyrocketed. The sector is now on track to reach a value of $2.38tn by the end of 2024, making it one of the fastest-growing business lines of insurance worldwide.

Qantev’s suite of AI-powered solutions is solving these challenges for customers, including AXA, Generali and FWD, by automating the claims process from days down to only minutes. The platform uses historical claims data to understand patient journeys and behaviours in individual markets before helping insurers across these regions make faster, more accurate decisions. As a consequence, doctors and nurses can focus on caring for their patients when not interrupted to fill pre-authorisation requests; inefficiencies and bottlenecks in workflows can be quickly identified and solved; operational costs can be reduced by as much as €8 million a year; and the scalable nature of Qantev’s technology helps insurers cope with increasing volume of claims without sacrificing quality, access or affordability.

In this way, Qantev is embedding complex, AI-driven software into the business-critical operations of insurance companies, effectively reproducing the expertise medical professionals bring to assessing health claims.

Building on momentum

Today, Qantev powers the claims processes of customers in 12 countries from the US to Mexico, Asia and beyond. The company has teams in Paris, Hong Kong and the UK and has more than doubled its headcount over the past 12 months. This latest funding round takes the total raised by the firm to over €40 million.

Tarik Dadi, CEO and co-founder of Qantev said: “A perfect storm of increased costs, post-COVID backlogs, chronic diseases, an ageing population, and increased demand means healthcare insurers can no longer keep up with paperwork. The growth we have seen at Qantev over the past 12 months is not only a testament to the work our team has done in solving these challenges but also the need for a solution like ours. As an operator in the global health insurance sector, I witnessed and experienced the pain points our customers are feeling and we’re using decades of experience to make claims more efficient, accurate and beneficial for all. With Blossom Capital joining our already esteemed cap table of investors, we’re excited to continue expanding our global footprint and keep innovating.”

Ophelia Brown, Founder at Blossom Capital said: “Qantev’s laser focus on the soaring health and life insurance market, combined with its deep expertise in AI, insurance, and data analytics makes it best placed to solve the very real, and rising problems being seen across the healthcare industry. Insurers are crying out for technology that can both address the challenges they face and scale in line with their own ambitions. This is exactly what Qantev provides.”

About Qantev:
Qantev is the most advanced AI-powered platform transforming how health and life insurers manage claims, reduce costs and improve services. Founded in 2019 by CEO Tarik Dadi and CTO Hadrien de March, Qantev’s AI-driven software brings automation and efficiency to one of the fastest-growing insurance sectors in the world. Today, Qantev powers the claims processes of customers in 8+ countries from the US to Mexico, Asia and beyond and the company has raised over $40M in funding from investors including Blossom Capital and Elaia. https://www.qantev.com/

About Blossom Capital
Blossom Capital is Europe’s largest dedicated Series A fund, renowned for its high-conviction strategy and relentless belief and commitment to the region’s most visionary founders. It leverages local roots with global connections to deliver an undeniable advantage for founders across consumer internet, cybersecurity, developer tools and open source, enterprise SaaS, and marketplaces. Its investments include Checkout.com, MoonPay, Pigment, and Tines. Find out more at www.blossomcap.com

 

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SOURCE Qantev

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CleanSpark Achieves 30 EH/s

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Expects to continue growth to 50 EH/s in 2025

LAS VEGAS, Oct. 10, 2024 /PRNewswire/ — CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), today announced it has achieved 30 EH/s (exahashes per second) in operational hashrate.

The Company’s hashrate has surged 200% since October 2023 through significant organic growth paired with turn-key acquisitions and the execution of a fleet upgrade, improving efficiency during the same period by nearly 20% and boosting the number of operational machines by 112%. The efficiency improvement strategy has resulted in increased computing power while consuming less energy and allowing for more hashrate to be generated with fewer machines.

The Company expects to surpass 37 EH/s before the end of 2024 and intends to continue its growth to 50 EH/s and beyond in 2025. Additional hashrate is anticipated to come online due to the expected acquisition closing of GRIID Infrastructure Inc this month. CleanSpark is one of the largest owned-and-operated publicly traded bitcoin miners in North America and has a portfolio of sites located in Georgia, Mississippi, Wyoming and Tennessee.

“Reaching 30 EH/s positions us as one of the largest bitcoin miners in the world. We have added more operational hashrate than any other miner in 2024. The results we continue to deliver demonstrate our commitment and ability to scale rapidly and with capital efficiency,” said Zach Bradford, CEO. “Our team’s agility, effectiveness and relentless grit has been paramount to the success of CleanSpark. Our efforts to time the market and lock in industry-best pricing on rigs and sites positioned us to take advantage of the opportunities in the market. During this period of rapid expansion of our operations, we have also grown our bitcoin treasury to over 8,049 bitcoin. Since October 2021, we have significantly increased our computing power year over year by quadrupling in 2022, nearly doubling in 2023 and tripling our hashrate in 2024.”

About CleanSpark
CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world’s most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: achieving and surpassing 37 EH/s in 2024 and later achieving 50 EH/s; the build-out and energization of the two Clinton, Mississippi sites; the timing and closing of the Griid acquisition; the timing of and completion of construction and energization of the Wyoming data centers; anticipated additions and targets to CleanSpark’s hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023, and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Brittany Moore
702-989-7693
ir@cleanspark.com 

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-achieves-30-ehs-302272572.html

SOURCE CleanSpark, Inc.

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Restaurants Utilizing New Bundle 2024-2025 ezPaycheck 2024 Software Get A Plethora of Features

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ezPaycheck has been released as a new combo version for years 2024 and 2025 to allow restaurant owners and management to streamline payroll at a discount. This latest version is available to test drive with no cost or credit card by visiting halfpricesoft.com.

CINCINNATI, Oct. 10, 2024 /PRNewswire-PRWeb/ — Restaurant owners that are new to processing payroll in-house find an easier solution when utilizing the newest ezPaycheck 2024-2025 combo software. For a limited time, the bundle version has been released for $219.00, which is much less expensive than exorbitant outsourcing fees. Halfpricesoft.com has also updated the latest version to include features to handle paychecks for shift rate tips.

Restaurant owners no longer need to rely on expensive outsourcing to process payroll and shift rate tips with the latest 2024-2025 bundle version of ezPaycheck

“Restaurant owners no longer need to rely on expensive outsourcing to process payroll and shift rate tips with the latest 2024-2025 bundle version of ezPaycheck.” said Halfpricesoft.com’s Founder, Dr. Ge.

Check ways to choose the best software for restaurant establishments below:

1: It is important to choose a software that calculates employee’s tips easily

Because food and beverage establishments pay employee’s tips as part of the wage, and are subject to withholding, it is important to choose a software that can easily and correctly calculate the check. Use a software that automatically determines tip differentials as it will save money by eliminating the need for an accountant.

2: Be sure the payroll software will manage pay differentials easily

Restaurant establishments are very unique in that they offer many different opportunities to employees regarding varied job positions, varied shift differentials, and tips. Find a software that easily allows business owners to add or change the differential pay for team members. Payroll software should offer tip calculations, shift differentials, and contractor vs. employee pay rate that is calculated automatically.

3: Extra bonus would be to have the option to print miscellaneous checks for vendors

By purchasing a payroll software that doubles as a business check writer for vendors and miscellaneous purchases, it will eliminate the usual workload associated with check writing. Software that does not have to be opened and closed to access another check writer for miscellaneous checks is a definite bonus!

ezPaycheck’s graphical interface leads users step-by-step through setting up employee information, importing data, calculating payroll (including calculation of federal, state and local taxes; deductions for Medicare, insurance and 401(k) plans; and printing paychecks). New companies can download and try this software with no obligation for up to 30 days, by visiting https://www.halfpricesoft.com/index.asp

US businesses and nonprofits get the following unique features in ezPaycheck payroll software:

Supports stub only printingSupports daily, weekly, biweekly, semimonthly and monthly payroll periods. Features report functions, print functions, and pay stub functions.Easily calculates differential payPrints miscellaneous checks as well as payroll calculation checks.Prints payroll checks on blank computer checks or preprinted checks.Automatically calculates Federal Withholding Tax, Social Security, Medicare Tax and Employer Unemployment Taxes.

-Includes built-in tax tables for all 50 states and the District of Columbia.

Creates and maintains payroll for multiple companies, and does it simultaneously at no additional cost.Prints Tax Forms 940, 941, 943 W2 and W3 (Copy A required for W2 and W3 forms)

-e941 now available for efile at additional cost

-Supports multiple accounts at no additional charge.

-Supports network access (additional cost)

Currently priced for a limited time at $129 for 2024 version as a single installation version, ($219.00 for 2024-2025 combo version ) ezPaycheck payroll software is affordable for any size US business. Clients seeking a way to simplify payroll processing with more accuracy to start the no obligation 30-day test drive today at https://www.halfpricesoft.com/index.asp

About halfpricesoft.com
Halfpricesoft.com is a leading provider of small business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software,
1099 software, Accounting software, 1095 form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers and will help Business owners simplify payroll processing and streamline business management.

Media Contact

T. Bernard, services@halfpricesoft.com, 502-259-0936, services@halfpricesoft.com, halfpricesoft.com 

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SOURCE halfpricesoft.com.

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Censys Finds Over 14,000 Healthcare Devices and Records Exposed to the Internet

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New research shows exposed medical record systems and images increase the risk of unauthorized access, data breaches and operational disruptions

ANN ARBOR, Mich., Oct. 10, 2024 /PRNewswire/ — Today, Censys, the leading Internet Intelligence Platform for Threat Hunting and Attack Surface Management, published its findings on the 2024 Global State of Internet | Healthcare Assets Exposed on Public-Facing Networks. Censys identified over 14,000 distinct IP addresses exposing healthcare data and devices to the internet – with nearly 50% of hosts located in the United States. Considering healthcare and public health organizations are the top critical infrastructure sectors targeted by ransomware attacks, Censys identified exposures across some of the largest urban healthcare systems to smaller, rural environments.

New research: exposed medical record systems & images increase risk of unauthorized access, data breaches & disruptions

Regardless of institutional size, this rise in ransomware incidents demonstrates the importance of protecting patient data from malicious threat actors – such as medical history, social security information, insurance information and more.

Censys’ comprehensive internet visibility and scanning capabilities enabled the research team to identify significant devices and record exposures across the globe, including:

Medical Images: Digital Imaging and Communications in Medicine (DICOM)-enabled servers are the most commonly exposed healthcare technology. 36% percent of all Censys identified exposures are DICOM services. These are used for handling potentially sensitive medical images – such as X-rays, ultrasounds, computed technology (CT) scans, magnetic resonance imaging (MRIs), etc.Healthcare & Public Health Vendors: While many software vendors were represented across healthcare assets, one vendor accounted for over 90% of the 4,000 publicly available electronic medical record systems Censys observed. About 11% of the applications identified across all asset categories were open-source software.Countries & Regions: Due to population and widespread adoption of healthcare technology, the U.S. leads with the most publicly available applications, with nearly 7,000 currently online across different networks. Censys detected only 200 publicly available applications in the United Kingdom—possibly an indication of a more centralized healthcare infrastructure.

“In this age of increasing ransomware attacks, internet-connected healthcare applications should be safeguarded from the public internet – it’s clear that patient data continues to be a valuable target for malicious actors,” said Himaja Motheram, security researcher at Censys. “Our mission at Censys is to provide visibility into the potential security gaps that tend to go overlooked – these types of devices and systems are often developed without security in mind.”

To prevent data breaches and attacks, effective attack surface management is crucial for hospitals and organizations that handle medical data – but many lack the resources to analyze their exposed assets in an actionable way. Censys’ analysis is the first in-depth overview of its kind, providing a global view of the exposure of Internet of Healthcare Things (IoHT) on public-facing networks, through detailed breakdowns by device type, vendor, country and more.

By leveraging Censys’s monitoring capabilities, healthcare organizations can proactively identify and mitigate exposures and vulnerabilities before they lead to data breaches or ransomware attacks. For more information, the full research report can be found here: https://censys.com/state-of-internet-of-healthcare-things.

Censys’s mission is to make the internet a more secure place for everyone. This drives our commitment to responsible disclosure when identifying exposed systems – particularly those in the critical infrastructure sector. As part of this research, Censys made every effort to attribute each device or web asset to the appropriate organization(s) to notify the relevant stakeholders.

About Censys
Censys, Inc.™ is the leading Internet Intelligence Platform for Threat Hunting and Attack Surface Management. Founded in 2017 in Ann Arbor, Michigan, Censys provides organizations with the most comprehensive real-time view of Internet infrastructure. Customers like Google, Cisco, Microsoft, Samsung, Swiss Armed Forces, the U.S. Department of Homeland Security, Cybersecurity & Infrastructure Security Agency, and over 50% of the Fortune 500 rely on Censys for a real-time, contextualized view into their internet and cloud assets. At Censys, you can be yourself. We like it that way. Diversity fuels our mission, and we are committed to inclusion across race, gender, age and identity. To learn more, visit censys.com and follow Censys on Twitter, Mastodon and LinkedIn.

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SOURCE Censys

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