With backing from visionary VCs and validation from Fortune 500 brands, MIT-born Foundation EGI is on a mission to revolutionize engineering with AI

LOS ALTOS, Calif., April 17, 2025 /PRNewswire/ — Today, Foundation EGI launched, announcing the availability of the first domain-specific, agentic AI platform — engineering general intelligence (EGI) — designed to supercharge automation, accuracy, and efficiency for every stage of product lifecycle management. With EGI, design and manufacturing engineers will be able to build better products faster, driving healthier revenues for the world’s leading industrial brands. To sign up to be part of its beta, visit foundationegi.com.

Foundation EGI was co-founded by MIT academics Mok Oh, Ph.D, Professor Wojciech Matusik, and Michael Foshey, and has assembled a seasoned team with deep engineering, industrial, startup and AI experience. Backed by an over-subscribed $7.6M seed round from early investors including E14 Fund, Union Lab Ventures, Stata Venture Partners, Samsung Next, GRIDS Capital, and Henry Ford III, Foundation’s EGI platform is already in testing at leading Fortune 500 industrial brands, which are witnessing its transformative and revenue-driving potential.

Unlike other digitally-transformed industries, manufacturing and engineering processes and instructions remain manual and disorganized, causing inefficiencies, production delays and stagnant revenues — to the tune of $8T in economic waste. Using Foundation EGI’s purpose-built large language model (LLM) and EGI agentic AI platform, engineers can now transform natural language inputs, including vague and messy instructions, into codified programming that is accurate and structured, optimizing automation, accuracy and efficiency at every stage of the design to production lifecycle. Foundation EGI’s web-based technology platform seamlessly integrates with the major design and manufacturing software applications and tech stacks already used by engineering teams.

“Engineering is primed for an AI revolution, but generic LLMs won’t cut it: they lack vital domain-specificity and are prone to inaccuracies,” said Foundation EGI co-founder and CEO, Mok Oh. “Our first-of-its-kind technology is purpose-built for engineering and will supercharge every stage of product lifecycle management — starting with documentation. EGI transforms what is traditionally error-prone, manual  and inconsistent into structured, sustained and accurate information and processes, so that engineering teams can not only achieve significant cost-savings but also be more nimble, productive and creative.”

Dennis Hodges, CIO at Inteva Products, a global automotive supplier of engineered components and systems, commented: “We have high expectations from Foundation’s EGI platform. It’s clear it will help us eliminate unnecessary costs and automate disorganized processes, bringing observability, auditability, transparency and business continuity to our engineering operations.”

Said Habib Haddad, founding Managing Partner of the E14 Fund, the MIT Media Lab affiliated venture fund: “The timing and market conditions are perfect for a company like Foundation EGI to solve what has long been a large and expensive challenge for America’s industrial manufacturing leaders. The combination of Foundation EGI’s vision, its world-class team, the widespread industry appetite for enterprise AI solutions, plus the uptick in manufacturing demand makes this a rich opportunity.”

Further, in a presentation today at TEDx MIT, co-founder Wojciech Matusik, Professor of Electrical Engineering and Computer Science at the Computer Science and Artificial Intelligence Laboratory will elaborate on EGI’s potential. “Engineering general intelligence transforms natural language prompts into engineering-specific language using real-world atoms, spatial awareness and physics. It will unleash the creative might of a new generation of engineers. Expect leaps and bounds in agility, innovation and problem-solving,” he says.

Foundation EGI’s mission was inspired by research conducted by Professor Matusik, Michael Foshey, and others at MIT and other academic institutions, published in a March 2024 paper titled “Large Language Models for Design and Manufacturing.”

About Foundation EGI:
Foundation EGI is the manufacturing industry’s first engineering general intelligence (EGI) platform that empowers design and manufacturing engineers to build better products faster, driving healthier revenues for the world’s leading industrial brands. EGI codifies manual, vague and disorganized engineering instructions into an accurate, structured programming system to optimize accuracy, automation and efficiency at every stage of the design to production lifecycle. Foundation EGI is backed by visionary MIT and Silicon Valley investors and is used at leading Fortune 500 industrial brands. More at foundationegi.com

Contact
Media:
press@foundationegi.com

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SOURCE Foundation EGI

LONDON, April 17, 2025 /PRNewswire/ — ZND, a digital finance platform operated by regulated European digital asset exchange zondacrypto, has secured a $20 million token investment commitment from Rollman Management Digital to support the continued development of its technology and business operations. ZND’s goal is to provide a streamlined one-stop-shop to explore, earn, trade, and borrow digital assets.

This funding will help advance the platform’s vision of becoming a user-friendly, all-in-one destination that enables individuals to access and engage with digital finance in a simple and intuitive way.

“We’re incredibly proud of what we’ve built with ZND so far, and this commitment from Rollman Management Digital is a major milestone in our journey,” said Przemysław Kral, CEO of zondacrypto. “It’s a strong signal of trust, not just in our technology and vision, but in the long-term value of the $ZND token. With this investment, we’ll be able to accelerate development, add new features, and continue building a platform that makes digital finance more accessible to everyone. We’re just getting started, and the best is yet to come.”

“Our US$20 million commitment to ZND shows our strong belief in the project, the team behind it, and the role the $ZND token will play in the platform’s growth,” said Victor R. Ch. Rollman, CEO of Rollman Management Digital. “From the very beginning, our conversations were open and collaborative. We appreciate how well the token model is built around long-term value and growth. This investment will help ZND move faster, improving the platform, reaching more users, and rolling out even more features than initially planned. We see real potential here and are proud to support what’s next.”

ZND’s primary objective is to lower the barriers to entry in digital finance by offering a platform tailored to both newcomers and experienced users. By combining cutting-edge technology with a focus on user-centric design, ZND aims to make digital finance more accessible and approachable.

ZND places a strong emphasis on regulatory compliance and security. The platform’s team follows relevant regulatory standards, pursues necessary licenses in its target jurisdictions, and maintains strict security protocols, including offline storage of digital assets and ongoing risk management measures.

This is the latest update in a series of recent announcements from zondacrypto. In line with zondacrypto’s values related to education, sports, and social engagement, it has appointed racing drivers Arthur Leclerc and Valtteri Bottas and cyclist Tiffany Cromwell as brand ambassadors, announced partnerships with the Strade Bianche, Milano-Sanremo and St-Tropez to Monaco bike rides, and has been named Title Sponsor of The Eisstadion Davos and AS Monaco Basket’s VIP Lounge.

About ZND

The ZND’s mission is to empower users to take control of their financial future through simple, reliable, and AI-powered cryptocurrency solutions. Whether you’re a beginner exploring digital assets or an advanced trader managing a diverse portfolio, ZND provides an intuitive and efficient ecosystem designed to enhance your experience in digital finance.

The $ZND token is at the core of our platform, serving as a settlement unit, reward mechanism, and user incentive. Integrated into our tokenomics model, $ZND is designed to grow alongside the expansion of the ZND ecosystem, reinforcing its value and utility. With a strong commitment to compliance, ZND adheres to EU crypto regulations and holds licenses in multiple countries, ensuring a secure and transparent trading environment. The team remains dedicated to simplifying digital finance and making it more accessible for everyone.

More information can be found at www.znd.co and www.zndtoken.com, as well as in token’s Whitepaper and on project’s X, Telegram, Dextool, and GitBook.

About zondacrypto

zondacrypto is a trusted and long-established regulated crypto exchange in Europe, and the operator of the ZND platform. Founded in 2014 by a team of crypto visionaries, investors, and developers, zondacrypto has continuously evolved to uphold the highest regulatory standards while driving innovation beyond borders. The exchange holds operational licenses, VASP register entries, or SRO memberships in Italy, Switzerland, Cyprus, Estonia, Slovakia, and Canada. It is fully MiCAR-compliant and adheres to Estonia’s stringent AML regulations.

With a mission to simplify the world of crypto for all, zondacrypto is proud to support a range of cryptocurrencies, fiat currencies, and stablecoins. It also offers a suite of products, including the crypto-fiat payment gateway zondacrypto pay, the ZND asset management platform, and the zondacrypto Academy educational platform. Trusted by a global network of users, zondacrypto continues to lead in offering secure, innovative solutions for digital asset trading. zondacrypto is the driving force behind the ZND token. For more information, please visit zondacrypto.com.

About Rollman Management Digital

Rollman Management is a global business consulting and services firm specialised in emerging technologies for both traditional and transformative industries, driven by the firm belief that optimisation is not an end in itself but an opportunity to better the world of tomorrow. The firm seeks to invest in talented teams and their blockchain protocols to further develop their technology and business while adding significant value to the future of the modern economy.

More details are available at rollmanmanagement.com.

Media Contact
press@zondacrypto.com

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Prepare Now for a Seamless Transition to Becoming Quantum Safe

MILWAUKEE, Wis., April 17, 2025 /PRNewswire/ — PKWARE announced its quantum readiness assessment and encryption capabilities to help organizations protect sensitive data from quantum computing threats.

Quantum computing is no longer theoretical—it is becoming a powerful reality with the potential to disrupt current encryption standards. As quantum machines become capable of breaking traditional encryption methods like RSA and ECC, organizations must act now to secure their data for the future.

PKWARE simplifies what could be a complex transition to post-quantum cryptography with proven tools and expert guidance. The PKWARE Quantum Readiness Assessment helps organizations assess their current exposure and build a roadmap to ensure crypto agility.

Organizations can achieve quantum-readiness by:

Assessing Vulnerabilities: Identify data and systems at risk of quantum-based attacks.Reducing Risk Footprint: Reduce overall risk by protecting data at risk.Collaborating with Experts: Engage with PKWARE’s quantum specialists for a seamless transition.

“Quantum isn’t just a future concern – it’s a rapidly approaching reality,” said Spencer Kupferman, CEO at PKWARE. “We’re proud to lead the way with our quantum readiness assessment and quantum safe encryption capabilities that will help our customers stay secure and compliant without disrupting their operations. Preparing now means staying ahead—not scrambling later. Our solutions follow your data, respect your policies, and ensure you’re ready for whatever comes next—whether it’s quantum, AI, or the next unknown threat.”

The Impending Quantum Threat

Quantum algorithms, such as Shor’s, will render many current encryption methods obsolete. Experts predict RSA-2048 encryption could be cracked within 24 hours once quantum machines reach maturity.

NIST Leads the Way on Quantum Standards

The National Institute of Standards and Technology (NIST) finalized three quantum-safe encryption algorithms in August 2024, including:

CRYSTALS-Kyber for key encapsulationCRYSTALS-Dilithium, FALCON, and SPHINCS+ for digital signatures

These standards provide a secure foundation for transitioning to post-quantum cryptographic systems.

The Time to Act is Now

With decades of encryption experience and leading scientists contributing to quantum-safe standards, PKWARE is uniquely positioned to guide organizations through this critical transformation with ease and trust.

About PKWARE

For nearly 40 years, PKWARE has led the industry in data-centric security solutions, helping organizations meet compliance requirements, reduce risk, and maintain data privacy—even in the face of quantum disruption. PKWARE offers the only data discovery and protection solution that locates and secures sensitive data to minimize organizational risks and costs, regardless of device or environment.

PKWARE’s ultra-efficient, scalable solution is simple to use on a broad range of data types and repositories, enabling precise, automated visibility and control of personal data, even in the fastest-moving, most complex IT environments. With more than 1,200 customers, including many of the world’s largest financial institutions, retailers, healthcare organizations and government agencies, PKWARE continues to innovate as an award-winning global leader in data discovery, security, and compliance.

To learn more, visit pkware.com

Media Contact:
Sarah Fellner
VP, Global Marketing
sarah.fellner@pkware.com 

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SOURCE PKWARE, Inc.