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BBT.live Expands Seed Funding to $11.5 Million to Revolutionize Secured Connectivity for Service Providers’ Small and Medium Business (SMB/SME) Clients

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — BBT.live, a trailblazer in secure connectivity over public infrastructure, proudly announces the expansion of its seed funding round to $11.5 million, driven by an additional $2 million investment. Leading the round is a key investor – Accel Solutions Group Ltd., an Israeli public company and strategic supporter of BBT.live’s mission. This funding bolsters the company’s BeBroadband® as a Service platform, an innovative SaaS solution tailored for service providers targeting the lucrative SMB/SME market by providing Enterprise-Grad solutions to Small and Medium Businesses when the cost performance is the best!

Delivering High-Performance Solutions with Efficient Budgets

BBT.live has successfully developed a commercially viable, high-performance technological platform while maintaining remarkably efficient budgets and minimal capital raises so far, which is unusual in this field—a standout achievement in a competitive market. This accomplishment underscores the platform’s quality, innovation, and significant added value, earning recognition from prospective clients and partners. BBT.live provides service and compliant solutions and no product components that require integrations in the complex field.

Strategic Focus on Japan: A Market Ready for Advanced Solutions

With its patented advanced technology, BBT.live is poised to seize strategic opportunities in the Japanese market, its primary global focus. Japan, known for its stringent requirements for security and reliability, sets a high bar for competitors and provides the perfect landscape for BBT.live to showcase its exceptional capabilities. The market’s readiness for next-generation technologies aligns with BBT.live’s advanced solutions, minimizing the need to prove demand and allowing the company to focus on delivering unmatched quality and reliability.

BBT.live’s operations in Japan benefit from a robust local presence led by BBT.live’s Japanese operations general manager, Kiyoshi-san, has strong personal connections and support from a key and strategic shareholder (Terilogy Service Weare) who also serves as a major Value Added Distributor and integrator in the region. These factors position the company for significant success and expansion in Japan.

BeBroadband® as a Service: Revolutionizing Connectivity

BBT.live’s BeBroadband® as a Service platform introduces a transformative business model designed to streamline service provider sales cycles, reduce customer acquisition costs (CAC), and improve Lead-to-Cash (L2C) efficiency. The platform delivers secure, managed connectivity comparable to private networks over public infrastructure. Key technologies include SD-WAN, SSE, SASE, and ZTNA – all-inclusive in one simple platform, ensuring robust communication infrastructure, enhanced security, and seamless operational continuity for branches, remote endpoints, and mobile sites – The art of simplicity.

Positioned in a High-Growth Global Market

The SD-WAN, SSE, SASE, and ZTNA sectors, valued at approximately $200 billion, represent some of the fastest-growing markets globally. Amid intense competition and significant mergers and acquisitions, BBT.live has carved out a unique niche by delivering tailored solutions for ISP/vISP’s SMB/SME clients—a highly profitable segment for service providers worldwide.

Expanding Global and Domestic Partnerships

BBT.live has made significant inroads in Japan through a strategic partnership with Terilogy Japan, a key investor and marketing partner. Successful initiatives, including a launch event in Tokyo and ongoing demonstration installations, are building trust and positioning BBT.live as a leading provider in the region.

In Israel, the company is advancing installation projects with major local telecom providers. These collaborations highlight BBT.live’s ability to deliver high-quality, reliable solutions tailored to diverse client needs.

Innovative SaaS Model Driving Adoption

BBT.live’s SaaS-based model offers service providers:

Operational Efficiency: Rapid deployment over existing networks.

Reduced Financial Risk: Eliminates the need for substantial capital investment.

Accelerated Sales Cycles: Swift transitions from agreements to deployments.

Patented Technology Supporting Growth

The BeBroadband® platform combines cutting-edge features:

Simple, Fast Implementation: Reduces complexity and enhances usability.

Scalable Management and Automation: Tailored for SMB/SME clients in global markets.

Machine Learning Integration: Boosts security and dynamic network performance.

Self-Learning Capabilities: Adapts seamlessly to multi-user, global environments.

BBT.live Expands Leadership and Strategic Partnerships

BBT.live, a Tel Aviv-based leader in secure connectivity solutions, with a subsidiary in New Jersey led by Dr. Yun Sang Park, former EVP of Samsung Mobile, Korea, is transforming the SME market with its flagship BeBroadband® platform. Backed by Ronen Shor, CEO of Accel and Chairman of the Board, who leads the seed extension investment, BBT.live is poised for significant global growth.

The leadership team features Moshe Levinson, CEO & Co-Founder; Professor David Hay, Chief Science Officer and former member of the elite Israeli Unit 8200 (Israel’s NSA equivalent); and Erez Zelikovitz, EVP Chief Product and Revenue Officer. They are supported by active board members like Dani Harari, a former Unit 8200 commander, and strategic advisors such as Oren Baron, a seasoned EY strategist.

Since its founding in 2020, BBT.live has grown and formed partnerships with global leaders, including Prodware Group France, Check Point, Rohde & Schwarz, and Advantech. With a strong presence in Israel and the USA, BBT.live is redefining secure connectivity standards for SMDs/SMEs worldwide.

Investor and Leadership Insights

“Every Service Provider and/or Virtual Service Provider we engage with emphasizes the need for a simple solution without major integrations and no capital expenditure on their part,” said Moshe Levinson, CEO & Co-Founder of BBT.live. “With the confidence of our investors, including Accel, we are delivering simplified and secured connectivity to customers previously underserved by our competitors.”

Ronen Shor added, “This additional investment is a testament to the resilience of the Israeli tech sector and the strength of the BBT.live team and technology. I am confident that we will continue to navigate global and domestic challenges successfully.”

About BBT.live

BBT.live is a leading software company specializing in secure connectivity solutions for service providers. Its patented BeBroadband® platform ensures robust communication infrastructure over public networks, enabling service providers to deliver premium, secure connectivity to SMB/SME clients with unmatched efficiency and reliability.

For media inquiries, please contact:

Be Broadband Technologies Ltd.
Mr. Jack Lehmann, VP of Marcom 
Email: jack.lehmann@bbt.live 
Tel: +1 845.445.8737

View original content:https://www.prnewswire.com/news-releases/bbtlive-expands-seed-funding-to-11-5-million-to-revolutionize-secured-connectivity-for-service-providers-small-and-medium-business-smbsme-clients-302349517.html

SOURCE BBT.live

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Automotive and Transportation Connector Market to Grow by USD 4.34 Billion from 2025-2029, Driven by European Demand and AI-Powered Market Evolution – Technavio

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NEW YORK, Jan. 14, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global automotive and transportation connector market size is estimated to grow by USD 4.34 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  5.8%  during the forecast period. Rising demand in european region is driving market growth, with a trend towards increasing electronic components in automobiles. However, lack of durability  poses a challenge. Key market players include Amphenol Corp., Aptiv Plc, Aviation Industry Corp. Of China Co. Ltd., BorgWarner Inc., Eaton Corp plc, Furukawa Electric Co. Ltd., HIROSE ELECTRIC Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Korea Electric Terminal Co. Ltd., Kyocera Corp., Lear Corp., Leoni AG, Lumberg Holding GmbH and Co. KG, Luxshare Precision Industry Co. Ltd., Rosenberger Hochfrequenztechnik GmbH and Co. KG, Samtec Inc., Sumitomo Corp., TE Connectivity Ltd., and Yazaki Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Automotive And Transportation Connector Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 5.8%

Market growth 2025-2029

USD 4337.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.6

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, South Korea, and Canada

Key companies profiled

Amphenol Corp., Aptiv Plc, Aviation Industry Corp. Of China Co. Ltd., BorgWarner Inc., Eaton Corp plc, Furukawa Electric Co. Ltd., HIROSE ELECTRIC Co. Ltd., Hu Lane Associate Inc., J.S.T. Mfg. Co. Ltd., Japan Aviation Electronics Industry Ltd., Koch Industries Inc., Korea Electric Terminal Co. Ltd., Kyocera Corp., Lear Corp., Leoni AG, Lumberg Holding GmbH and Co. KG, Luxshare Precision Industry Co. Ltd., Rosenberger Hochfrequenztechnik GmbH and Co. KG, Samtec Inc., Sumitomo Corp., TE Connectivity Ltd., and Yazaki Corp.

Market Driver

The Automotive and Transportation Connector market is experiencing significant growth due to trends in safety features and environmental concerns. With the increasing demand for electric vehicles, there is a rising need for connectors that can withstand temperature fluctuations and wear and tear. Adaptive front lighting, park assistance, and adaptive cruise control are becoming standard safety and security features. Technological advancements like IMSE technology, fiber optics, and machine learning are enhancing the driving experience. Keyless entry, lane departure warning, and anti-theft alarm systems are essential electronic components for passenger cars and commercial vehicles. Vehicle manufacturers are focusing on power distribution, data transfer, and vehicle security. Wi-Fi networks, memory interfaces, and data storage interfaces are essential for connectivity and electrification. The market for automotive connectors includes in-mold connectors, wire-to-board, and board-to-board connectors. The future of the market lies in the electrification of vehicles, self-driving technology, and advanced security features. Air pollution and carbon emissions are driving the need for environmentally friendly mobility solutions. 

Advanced safety and security systems, including ADAS, lane departure warning, anti-theft alarm systems, adaptive cruise control, braking systems, and autonomous driving systems, are integral to modern vehicles. These systems rely on numerous electronic components, which in turn use connectors to distribute power effectively. Vendors are focusing on creating superior connector technology that can endure extreme temperatures, wear, tear, and dust at affordable prices. These connectors ensure reliable power distribution to safety components, enhancing vehicle safety. 

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 Market Challenges

•         The Automotive and Transportation Connector market is experiencing significant growth due to the increasing demand for safety features in vehicles. This includes adaptive front lighting, lane departure warning, and advanced security features like anti-theft alarm systems and airbags. However, challenges such as temperature fluctuations, wear and tear, and environmental concerns like air pollution, are driving the need for connectors that can withstand harsh conditions and support electric vehicles and their electronic components. Technological advancements like adaptive cruise control, keyless entry, and connectivity through Wi-Fi networks and data transfer interfaces are also influencing the market. Vehicle manufacturers are focusing on vehicle electrification, vehicle security, and design flexibility to meet consumer demands for environmentally friendly mobility and enhanced driving experiences. The use of fiber optics, IMSE technology, and memory interfaces in automotive connectors is becoming increasingly common to support power distribution, navigation & instrumentation, and data storage. The market for automotive connectors is expected to continue growing as technological advancements in electric control units, machine learning, and self-driving vehicles drive the need for more sophisticated and reliable connectors.

•         The automotive and transportation connector market plays a crucial role in the functioning of modern vehicles. With approximately 1500 connection points in a typical light vehicle, around 50%-60% of which are used for power distribution, these connectors are essential for the proper operation of various systems. In harsh environments, connectors face challenges such as extreme temperatures (-40-degree C to 155-degree C), vibration, oxidation, and frictional corrosion. A connector failure can lead to malfunctions or failures of critical components like brakes, fire systems, or airbags, posing serious safety risks. To ensure connector stability, manufacturers implement rigorous testing procedures, evaluating their performance under specified application conditions.

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Segment Overview 

This automotive and transportation connector market report extensively covers market segmentation by  

Application 1.1 Comfort convenience and entertainment1.2 Safety and security1.3 Body wiring1.4 Powertrain1.5 Navigation and InstrumentationGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Comfort convenience and entertainment-  The comfort, convenience, and entertainment segment holds the largest market share in the global automotive and transportation connector market in 2024. This segment is projected to experience the fastest growth rate during the forecast period. The increasing demand for user-friendly vehicle cabins offering extra comfort, convenience, and entertainment is driving this segment’s growth. New-generation vehicles with luxury cabins and advanced features require newer automotive and transportation connectors. Additionally, advancements in air conditioning systems, cameras, and radars due to technological progression will positively impact the market’s expansion. Key players in the industry are manufacturing connectors and making acquisitions to cater to the evolving vehicle features. Innovations in advanced vehicle cabins and consumers’ growing preference for comfort and convenience are expected to boost the growth of the comfort, convenience, and entertainment segment in the global automotive and transportation connector market during the forecast period.

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Research Analysis

The Automotive and Transportation Connector Market is experiencing significant growth due to the increasing demand for advanced technology in vehicles. Automotive connectors play a crucial role in enabling convenience, safety, and connectivity in modern vehicles. They facilitate electric vehicle charging, high-speed data transfer, and vehicle communication networks. The market is driven by the rise of electric vehicles and the trend towards smart mobility and autonomous driving systems. Connectors for electric vehicles are a key focus area, with innovation and advancements in materials, design, and reliability being prioritized to meet the unique demands of EV charging. The connector market also caters to the needs of next-generation vehicles, including those with digital cockpits, infotainment systems, and vehicle performance optimization features. Connector solutions are essential for vehicle safety systems, electronic control units, and vehicle connectivity. With the future of transportation leaning towards green and connected solutions, the connector market is expected to continue its growth trajectory. Additionally, the increasing focus on automotive cybersecurity is driving the development of advanced connector technologies to ensure reliable and secure vehicle communication networks.

Market Research Overview

The Automotive and Transportation Connector market is experiencing significant growth due to the increasing demand for safety features and environmental concerns in the transportation industry. Electric vehicles, adaptive front lighting, park assistance, and adaptive cruise control are some technological advancements driving market growth. Materials, such as fiber optics, are used to ensure connectivity and data transfer in various applications, including power distribution and vehicle weight reduction. Safety and security are top priorities, leading to the integration of advanced security features, anti-theft alarm systems, and keyless entry. Commercial vehicles and passenger cars alike benefit from these advancements, with lane departure warning systems, air pollution control, and data storage interfaces becoming increasingly common. Electrification of vehicles, including hybrid automobiles and self-driving vehicles, is a major trend, requiring various electronic components, such as memory, microspace connectors, and printed circuit boards. Wi-Fi networks and machine learning technologies are also being integrated to enhance the driving experience and improve vehicle performance. Temperature fluctuations, wear and tear, and dirt can affect connector performance, leading to the development of innovative solutions, such as IMSE technology, to ensure reliable operation. The market is expected to continue growing as technological advancements and environmental concerns shape the future of transportation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationComfort Convenience And EntertainmentSafety And SecurityBody WiringPowertrainNavigation And InstrumentationGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Human-I-T Offers Free Laptops and Hotspots to California Wildfire Victims

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LA Based Organization Offers Connectivity to those who have been impacted

LOS ANGELES, Jan. 14, 2025 /PRNewswire/ — Human-I-T, the nation’s leading digital equity nonprofit, announced today that it will provide free laptops and hotspots with three months of free internet service to residents affected by the recent Los Angeles wildfires. The initiative aims to help displaced individuals and families reconnect with essential resources and loved ones during this critical time.

“As a native Angeleno, seeing the devastation in my hometown compelled Human-I-T to act,” said Gabe Middleton, Co-Founder and CEO of Human-I-T. “Countless residents had to leave their homes with nothing. Some were fortunate to grab a cell phone, but a cell phone alone is not enough to confidently access life-saving resources while under duress.”

The donated devices and internet access will enable displaced residents to reconnect with family and friends, access emergency resources like the Red Cross, and find assistance for temporary shelter, water, electricity, and education for school-aged children. Many which are only accessible via the internet.

“At Human-I-T, we have supported communities through crises before, including the COVID-19 pandemic,” Middleton added. “We’ve learned how to respond swiftly and effectively to provide the tools people need to navigate emergencies. Connectivity is critical—not just during a disaster, but always. Our mission has always been to ensure everyone has access to the digital tools they need, and when disaster strikes, Human-I-T wants everyone to know we will be there to help.”

Residents affected by the wildfires can visit human-i-t.org/fire to fill out a simple form and receive information on where to pick up their free device and hotspot.

Human-I-T is committed to supporting communities in need during times of crisis and working to shrink the digital divide and ensure equitable access to technology for all.

View original content to download multimedia:https://www.prnewswire.com/news-releases/human-i-t-offers-free-laptops-and-hotspots-to-california-wildfire-victims-302351069.html

SOURCE Human-I-T

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Patrick Merfert Joins Alcatraz AI as Vice President of Marketing to Reinforce Market Strategy Efforts Amidst Projected 2025 Industry Growth

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Former IDEMIA and Prove Identity executive will lead the company’s marketing efforts to shape and execute the company’s overall marketing strategy, with a key focus on product marketing and demand generation

CUPERTINO, Calif., Jan. 14, 2025 /PRNewswire-PRWeb/ — Alcatraz AI, a global provider of frictionless, AI-powered biometric access control solutions revolutionizing security through facial authentication, announced today the appointment of Patrick Merfert as the company’s next Vice President (VP) of Marketing. With over 15 years of experience as a technology startup marketing leader, venture capital investor, and strategy consultant, Merfert contributes a vast wealth of identity and security-based technology marketing knowledge to Alcatraz AI’s leadership team as the company positions itself at the forefront of the rapidly growing market. His expertise in digital identity and its transcension towards a digital-first approach aligns with Alcatraz AI’s commitment to delivering secure, frictionless, and privacy-preserving biometric authentication solutions.

Merfert is a growth and execution-focused technology startup marketing leader who has operated across the full lifecycle of VC-funded startups, helping tech companies go-to-market, differentiate, and accelerate revenues. Having worked across several startups from pre-revenue to pre-IPO, Merfert has garnered years of experience in demand generation, product marketing, and brand identity which allow him to thrive in dynamic environments and strategize effective marketing approaches.

Merfert holds both an MBA and BBA from Northwestern University’s Kellogg School of Management and University of Michigan’s Ross School of Business, respectively. As an undergraduate, Merfert gained early exposure to technology startups, which ignited a passion for working in tight-knit, dynamic environments. Pre-MBA, he spent his early career working as a venture capital associate, serving as an investor and advisor to early-stage healthcare and technology startups. During his time as a management consultant, Merfert played key roles in executive-level strategy and operational engagements for Fortune 500 companies across various industries and contributed to business development pursuits. Merfert later took on a marketing leadership role at Airside, where he was introduced to the identity and security space and experienced the power of digital identity authentication and access control first-hand.

Merfert joins Alcatraz AI most recently from Prove Identity, where he served as Vice President of Product Marketing. There, he led the product marketing team in positioning the global product portfolio, launching new products, enabling sales, and helping scale the company’s annual recurring revenue beyond $100M and a $1B+ valuation. He also played a pivotal role in developing the go-to-market framework to drive scalability and refining company and product messaging, earning the company multiple analyst awards.

At Alcatraz AI, Merfert will direct and oversee the company’s marketing team, designing, implementing, and monitoring effective marketing strategies that align with the company’s business goals and drive overall revenue growth, market awareness, and competitive differentiation. Merfert will be an integral in promoting product adoption, enhancing brand presence, and ensuring the company’s product offerings are both innovative and aligned with market demands.

“The access control market is growing at a rapid pace, and Alcatraz AI is adapting to this growth by expanding our leadership team with strategic hires,” said Tina D’Agostin, CEO of Alcatraz AI. “We are thrilled to welcome Patrick as our new VP of Marketing. His impressive background in technology startups and deep industry marketing experience will be a driving force in helping us achieve our goal to further scale in the growing security space and continue to expand our roster of large enterprise customers.”

“I’m energized to be joining Alcatraz AI’s dynamic leadership team. I look forward to shaping the marketing strategy, and leading a cross-functional team to drive growth as the company rides the wave of rapid market expansion,” said Merfert. “It’s an exciting opportunity to operate at the intersection of artificial intelligence and the identity and security market. I’m eager to shape a world-class marketing team that will maintain a strong emphasis on customers and end-users, to ensure Alcatraz AI’s market-leading products continue delivering convenient, secure, and privacy-preserving access control experiences.”

About Alcatraz AI

Alcatraz AI is the most secure, private, and frictionless biometric solution for access control in the physical world. With its patented technology, Alcatraz AI’s facial authentication and intelligent tailgating detection platform work natively with all access control systems to transform the security experience. As the pioneer of Facial-Authentication-as-a-Service (FAaaS), Alcatraz AI has made biometric access available to all enterprises, ensuring the safety of more than one million employees at Fortune 500 companies. Trusted by Data Centers, Life Sciences, Financial Institutions, Higher Education, Airports, Stadiums and Arenas, Telecom, and Critical Infrastructure entities, Alcatraz AI sets the global standard for access control credentialing. For more information, please visit www.alcatraz.ai and follow @alcatrazai on X and Alcatraz on LinkedIn.

Media Contact

Linda Ebrahimian, Alcatraz AI, 1 8186368787, Linda@alcatraz.ai, Alcatraz AI

View original content:https://www.prweb.com/releases/patrick-merfert-joins-alcatraz-ai-as-vice-president-of-marketing-to-reinforce-market-strategy-efforts-amidst-projected-2025-industry-growth-302350199.html

SOURCE Alcatraz AI

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