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BforeAI Secures Series B Funding to Preempt Malicious Attacks Through PreCrime™ AI

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Funded by Titanium Ventures, investment will accelerate growth into new markets

NEW YORK, Jan. 14, 2025 /PRNewswire/ — BforeAI, the world’s fastest and most accurate predictive attack intelligence and digital risk protection solution, announced today the company has closed an oversubscribed $10 million Series B round of funding led by Titanium Ventures. This investment round brings the company’s total funding to over $30 million and will accelerate market expansion in the utilities, pharmaceutical and healthcare sectors as the company continues to enhance its PreCrime™ platform, expand sales resources, and strengthen partnerships.

“This investment round will enable us to continue our important work to predict and stop new types of attacks before businesses and their customers are harmed,” said Luigi Lenguito, CEO and Founder at BforeAI. “We did not need the additional funding as we closed Series A with SYN Ventures less than 6 months ago. We wanted to work with Titanium Ventures to accelerate our growth into new industry sectors where we have already seen recent success and further increase the scalability of our predictions.”

“BforeAI offers a unique solution in a crowded cybersecurity market, being able to predict, disrupt and stop a cybersecurity event before it happens, putting the customer ahead of the attacker and out of their reactive response mode,” said Marcus Bartram, General Partner at Titanium Ventures. “Titanium thinks that this capability is important and relevant to customers globally and are excited to be working with the BforeAI team to build a large and impactful company.”

BforeAI’s mission is to proactively safeguard data, IT/OT networks, digital assets, customers, employees, and brand reputation. Enabling organizations to effectively preempt risks in advance of an attack, the PreCrime platform is powered by behavioral predictive intelligence, monitors 98% of the Internet to stay ahead of cyber threats by 18 days on average, and has a false positive rate of a mere 0.05%.

Over the past year, BforeAI grew substantially and achieved key milestones, including launching the PreCrime Guarantee and its breach protection pledge in partnership with the leading global cyber insurance provider. The PreCrime Guarantee reimburses customers up to ten times the value of their service contract if impacted by a cyberattack due to a failure by BforeAI’s predictive solution. Most recently, BforeAI was recognized in the 2024 Gartner® Cool Vendors™ for Artificial Intelligence in Banking and Investment Services1. The report serves as a guide to help chief information security officers (CISO), chief information officers (CIO), and chief data officers (CDO) in financial services and cyber fraud fusion centers identify solution partners for quick detection of risks and preemptive action before a fraud attempt even happens.

“BforeAI has quickly proven itself as the leader in predictive security solutions,” said Maria Gotsch, President and CEO, Partnership Fund for New York City. “We were excited to support BforeAI’s relocation of its headquarters to New York following their participation in our FinTech Innovation Lab. By expanding their focus to utilities with this funding round, BforeAI has the potential to play a key role in protecting critical infrastructure in the city and beyond.”

Existing investors SYN Ventures, Karista, and Addendum Capital, recognizing the company’s strong growth trajectory, participated in this round to maintain their ownership stakes.

Stamina Law in New York City, by Jade Ruscev, provided legal counsel to the company for the financing round.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About BforeAI
BforeAI is a pioneer in Predictive Attack Intelligence and Digital Risk Protection Services (DRPS). Our PreCrime platform uses behavioral AI to predict and automatically preempt malicious campaigns, resulting in the fastest, most accurate solution to stop attacks weeks before they happen. To learn more, visit bfore.ai.

About Titanium Ventures
Titanium Ventures Accelerates the Extraordinary – the venture capital firm fuels the growth of standout disruptors. In its first twelve years, 104 investments have generated 44 liquidity events including Auth0, BigCommerce, Box, Cloopen, CrowdStrike, DocuSign, GitLab, Nasuni, OpenGov and Snap. To date, Titanium Ventures’ Revenue Acceleration Platform has driven >USD$660M in revenue for its portfolio companies, extending their reach across the U.S., Australia, Asia, and the UK. In 2022, the firm announced the close of its third fund, bringing Funds Under Management to USD$1 B. To see Titanium Ventures’ full portfolio and learn more, visit www.ti.vc.

1 Gartner, Cool Vendors for Artificial Intelligence in Banking and Investment Services by Jasleen Kaur Sindhu, Uri Lerner, Pete Redshaw, 6 November 2024.

Media Contact:
Andy Tzortzinis
Director of Brand and Product Marketing
BforeAI
media@bfore.ai

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SOURCE BforeAI

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IGT Maintains Responsible Gaming Leadership with World Lottery Association Recertification

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LONDON, Jan. 14, 2025 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that its lottery and iLottery operations have been recertified by the World Lottery Association (“WLA”) for WLA’s Corporate Social Responsibility Standards and Responsible Gaming Framework for Suppliers. WLA’s responsible gaming standards, a worldwide accreditation program for gaming industry operators and suppliers, were created to minimize the impact of problem gambling. This global certification confirms IGT’s alignment with the WLA’s standards.

“WLA’s recertification of IGT’s lottery and iLottery operations validates our responsible gaming industry leadership and our ongoing commitment to providing our lottery customers worldwide with effective responsible gaming technologies,” said Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability. “Advancing Responsibility is a key pillar in IGT’s Sustainable Play program and serves as a guiding principle for everything we do. We operate with the highest level of integrity to protect our people, products and processes, and this certification endorses those efforts.”

To determine IGT’s WLA recertification, WLA-approved assessor Gambling Integrity Services conducted a thorough assessment into IGT’s lottery operations that culminated in an independent auditor’s report on IGT’s alignment with the eight sections of the WLA standards. These standards include research, employee programs, product and service development, remote gaming environment, advertising and marketing communications, client awareness, stakeholder engagement and reporting.

For more information on IGT’s global sustainability program, visit IGT.com, or follow IGT on LinkedIn.

About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit www.igt.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the “Company”) and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, including the various environmental, social, governance and sustainability initiatives, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company’s control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company’s annual report on Form 20-F for the financial year ended December 31, 2023 and other documents led from time to time with the SEC, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:
Phil O’Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Matteo Selva, Italian media inquiries, +39 366 6803635
James Hurley, Investor Relations, +1 (401) 392-7190

© 2025 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

 

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SOURCE International Game Technology PLC

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Gov. Moore Launches $1 Billion “Capital of Quantum” Initiative Anchored by UMD

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Strategic Partnership Aims to Cement State and Greater-D.C. Region as a World-leading Hub for Quantum Science and Innovation

COLLEGE PARK, Md., Jan. 14, 2025 /PRNewswire/ — Governor Wes Moore today joined University of Maryland President Darryll J. Pines and IonQ President and Chief Executive Officer Peter Chapman to announce the “Capital of Quantum” Initiative – a landmark public-private partnership that will catalyze $1 billion in investments to position Maryland as a global leader in quantum information science and technology. The initiative was announced during an event highlighting the Governor’s economic growth agenda for the 2025 Legislative Session and hosted at IonQ, a leading quantum computing and networking firm partially founded on UMD research and headquartered in the university’s Discovery District.

“Quantum has the potential to transform every part of our economy and society, from national security to health care,” said Gov. Moore. “With extraordinary assets and partnerships, Maryland can—and should—lead in this new emerging sector, and we are moving forward with a clear strategy to make that vision a reality. Together, we will make Maryland the quantum capital of the world.”

This strategic partnership between the State of Maryland, the University of Maryland and private and federal partners, aims to unlock more than $1 billion in investments — a combination of state funds, matching federal grants, private sector investments and philanthropic contributions — over the next five years. It will firmly establish the greater D.C. region, anchored by the University of Maryland, as one of the world’s top quantum epicenters.

Recognizing Maryland’s unique assets and strategic advantages to grow the state’s quantum science and technology sector, Gov. Moore last month signed an executive order that identified quantum computing as an industry that the Moore-Miller Administration will be prioritizing through state investment and support. 

Gov. Moore’s FY 2026 budget submission includes $27.5 million as the state’s initial investment toward the Capital of Quantum initiative, which is expected to spur more than $200 million in University of Maryland and partner investments to support academic, technical, workforce and ecosystem support. The Moore-Miller Administration has also committed continued funding for the construction of Zupnik Hall, a new $244 million state-of-the-art facility that includes more than $58 million in private investments and $185.4 million from the state, that will feature quantum labs on the University of Maryland campus. With additional funding over the next several years from the state, federal agencies, private sector partners and other sources, state and university leaders are driving toward a $1 billion investment. 

“We are deeply grateful to Gov. Moore for his visionary investment in building a brighter future for Maryland’s economy,” said University of Maryland President Darryll J. Pines. “He recognizes the immense potential of quantum technology and the possibilities we can explore if we work together to position our region as the global Capital of Quantum. We look forward to collaborating with the Governor’s office and regional partners to ensure that this investment yields lasting benefits for all Marylanders.”

With the launch of the Capital of Quantum Initiative, the University of Maryland will move forward with plans to:

Recruit top quantum scientists and engineers from around the world to join the ranks of 200+ UMD quantum faculty – one of the largest concentrations in the world – to usher in a new wave of discovery and innovation.Expand access to the National Quantum Laboratory (QLab), a unique UMD partnership with IonQ that provides students, researchers and entrepreneurs from around the world with hands-on access to quantum computers and scientists.Hire highly skilled test and evaluation experts to support quantum-focused projects and construct a new building for UMD’s Applied Research Laboratory for Intelligence and Security, one of only 15 designated Department of Defense University Affiliated Research Centers (UARC) around the nation and the only UARC dedicated to intelligence and security.Create additional facilities to house an expanded Quantum Startup Foundry, a business accelerator based in UMD’s Discovery District that provides resources and support for entrepreneurs and startups bringing quantum technologies to market.Launch education, outreach and training initiatives to include high school quantum curriculum, masters and certificate programs and workforce retraining opportunities.

Subject to the Governor’s budget being approved, IonQ, an anchor partner in the initiative, will grow its corporate headquarters into a 100,000 square feet facility with data center, laboratories, and office space within UMD’s Discovery District. IonQ also intends to double its corporate headquarters workforce to at least 250 people in the Maryland region over the next five years. Today’s announcement, once approved by the legislature, is expected to create high paying and skilled jobs in diverse fields such as construction, software and hardware engineering, operations, applied physics, networking and more.

“Investing in quantum computing is investing in Maryland’s future,” said Peter Chapman, President and CEO of IonQ. “Through Governor Moore’s strategic economic development initiative and proposed investment in quantum, he is not only supporting cutting-edge research and innovation but fostering economic growth and job creation in the state. The Governor’s commitment is a testament to his vision for the pivotal role that quantum science will play in the state’s economic development and technological leadership. This investment will also enhance our collaboration with the University of Maryland to solidify the region as a global leader in quantum innovation.”

Quantum and the University of Maryland

The University of Maryland is home to one of the world’s largest cohorts of quantum scientists and engineers, built on decades of foundational research and deep partnerships with government labs, agencies and industry. As understanding of the quantum universe expands, UMD fosters new tools to grow the state of Maryland’s and the nation’s economies and solve society’s biggest challenges.

Quantum technologies harness fundamental properties of nature to open new frontiers in computing power, precision sensing, secure communications and more. They hold promise for a wide range of breakthroughs, such as accelerating the design of new chemicals and materials, revolutionizing data encryption and creating advanced medical diagnostic tools. According to a 2024 analysis by McKinsey & Company, quantum technology is expected to generate up to $2 trillion in value for businesses by 2035. 

UMD’s vibrant quantum business ecosystem includes IonQ, a leading quantum computing firm headquartered in UMD’s Discovery District; a growing roster of firms in other quantum subfields; and a university-run business accelerator, the Quantum Startup Foundry. Fueled by graduates of our quantum academic programs, the university is sparking an industry that could one day become a major high-tech sector centered in the state of Maryland.

Learn more at quantum.umd.edu. 

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SOURCE University of Maryland

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Zoomd’s Director and former CEO, Ofer Eitan, Establishes Automatic Share Disposition Plan

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TORONTO, Jan. 14, 2025 /PRNewswire/ — Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd. (collectively, “Zoomd” or the “Company”), the marketing tech (MarTech) user-acquisition and engagement platform, announced today that Ofer Eitan, one of the Company’s directors, former CEO, who previously served as the founder and CEO of Moblin (which merged with Zoomd in 2017) has established an Automatic Securities Disposition Plan (“ASDP”) in accordance with applicable Canadian securities legislation and the Company’s insider trading policy.

The ASDP permits trades to be made in accordance with pre-arranged instructions given to the independent broker administering the ASDP, which include a general 10% daily volume restriction  when Mr. Eitan was not in possession of any material undisclosed information. The terms of the ASDP prohibit the broker administering the ASDP from consulting with Mr. Eitan regarding any sales under the ASDP and otherwise prohibits Mr. Eitan from exercising any discretion or influence over how dispositions will occur.

Up to two million (2,000,000) may be sold under the ASDP, subject to a minimum floor price set in the ASDP. The ASDP is designed to allow for an orderly disposition of such securities to be sold until December 31, 2025. The first trades under the ASDP will not occur before May 5, 2025.

The ASDP prohibits Mr. Eitan from amending, suspending or terminating the ASDP.

This announcement is made and will be available on SEDAR+ at www.SEDARplus.ca pursuant to the recommended practices set forth in Staff Notice 55-317 – Automatic Securities Disposition Plans of the Canadian Securities Administrators (“SN 55-317”). Dispositions pursuant to the ASDP will be reported by Mr. Eitan in accordance with applicable Canadian securities legislation and SN 55-317.

ABOUT ZOOMD:

Zoomd (TSXV: ZOMD, OTC: ZMDTF), established in 2012 and listed on the TSX Venture Exchange since September 2019, provides an innovative mobile app user-acquisition platform that integrates with numerous global digital media outlets. This platform presents a unified view of multiple media sources, thereby serving as a comprehensive user acquisition control center for advertisers. It streamlines campaign management through a single point of contact, simplifying customer acquisition efforts. The consolidation of media sources onto one platform enables Zoomd to offer advertisers substantial savings by reducing the need for disparate data source integration, enhancing data collection and insights, and minimizing resource expenditure.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. 

FOR FURTHER INFORMATION PLEASE CONTACT:

Company Media Contacts:
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Website: www.zoomd.com

Investor relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com

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SOURCE Zoomd Technologies Ltd.

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