CleverTap Raises US$105M in Series D Funding Round Led by CDPQ

MOUNTAIN VIEW, California & MUMBAI, India & MONTREAL, Canada, Aug 10, 2022 – (ACN Newswire) – CleverTap, a leading global B2B SaaS platform for customer engagement and retention today announced it has signed definitive agreements to raise US$105M in a Series D funding round led by CDPQ, a global investment group who committed US$75M, with participation from IIFL AMC's Tech Fund, along with existing investors Tiger Global and Sequoia India. The funds will be used to support CleverTap's global expansion and enhance the development of its world-class solutions and technology.

Founded in Mumbai in 2013 and headquartered in Mountain View, California, CleverTap's customer engagement and retention SaaS platform leverages machine learning and artificial intelligence to offer a comprehensive user engagement suite that enables brands to build valuable, long-term relationships with their customers. CleverTap's subscription-based solution has been adopted by a loyal customer base of 1,200 brands in 100 countries representing 10,000 apps across industries including Fintech, eCommerce, Subscription, On Demand, and Streaming media.

In June 2022, CleverTap completed the acquisition of San Francisco-based Leanplum, a leading multi-channel customer engagement platform, further strengthening its footprint in North America and Europe. In the same month, it also unveiled TesseractDB(TM), the world's first purpose-built database designed to dramatically improve user engagement and retention for digital consumer brands.

"Our vision has been to reshape the way businesses engage with their consumers and bring the tech to MarTech. The addition of long-term investors CDPQ and IIFL AMC Tech fund to CleverTap's existing backers, Sequoia India, Accel, Tiger Global, and Recruit Holdings is a great endorsement of the successful business we have built, the innovation we bring to the market and the growth potential CleverTap holds," said Sunil Thomas, Co-founder and Executive Chairman, CleverTap. "The fresh funds will help fuel our plans to further strengthen our presence in key geographies and expand our teams. The last few months have been quite exciting for us with the Leanplum acquisition and unveiling of TesseractDB(TM). And now with the new institutional investors coming on board we have all that we need to grow at a faster rate while consolidating our position as the global leader in the retention space."

"CleverTap has established itself as a partner of choice for its clients by helping them generate significant incremental revenue. Its subscription-based platform offers a single and reliable source of information that allows brands to maximize the lifetime value of their existing customers by engaging them in a highly personalized way" said Martin Laguerre, Executive Vice-President and Head of Private Equity, CDPQ. "As consumer brands are increasingly focused on customer retention and prioritize tools offering tangible return on investment, we believe CleverTap is well positioned to maintain its global growth trajectory and help more businesses enhance their customer experience."

"CleverTap is a fast-growing SaaS company that not only has recurring revenue streams and top tier financial metrics, but also a scalable business model with large addressable markets" added Meng Ann Lim, Managing Director, Direct Private Equity for Asia Pacific, CDPQ. "This investment is in line with our strategy to work with innovative companies that enable rapid digital transformation, especially in the Asia-Pacific region where high smartphone penetration is facilitating the digitalization of the economy at a rapid pace."

"Enterprises are increasingly looking to engage with customers in a real time and in a personalized manner across digital channels. CleverTap's full stack approach to customer engagement allows them to perform user analytics and run personalized customer campaigns on a real-time basis which enables companies to improve user retention and understand user journeys across channels" said Chetan Naik, Fund Manager and Senior Executive Vice-President, Private Equity at IIFL AMC. "CleverTap has built a unique product suite and analytics capabilities that runs over a proprietary database. CleverTap is one of the fastest growing SaaS companies with best-in-class revenue retention rates. We are excited to partner with them in their journey of creating a leading global customer retention platform out of India."

"The latest fundraise reaffirms customer and market belief in CleverTap and our growth potential. This fundraise will help us elevate our growth trajectory and further enable us to innovate better and faster while staying ahead of the curve," said Sidharth Malik, Chief Executive Officer, CleverTap. "The paradigms of user engagement are changing, and as industry leaders we are best positioned to help businesses adapt to this ever-evolving consumer landscape. Our recent acquisitions helped us expand our foothold in North America and Europe, and enhance our leadership in verticals such as on-demand and subscription."

As part of the transaction, CDPQ will join CleverTap's Board of Directors upon closure of this funding round. IIFL AMC's investment is subject to approval from Securities and Exchange Board of India (SEBI).

About CleverTap

CleverTap is the World's No.1 retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. CleverTap drives contextual individualization with the help of a unified and deep data layer, AI/ML-powered insights, and automation enabling brands to offer hyper-personalized and delightful experiences to their customers. 1,200 customers in 100 countries and 10,000 apps, including Gojek, ShopX, Canon, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John's, and Tesco, trust CleverTap to achieve their retention and engagement goals, growing their long- term revenue. Backed by leading investors such as Sequoia India, Tiger Global, Accel, CDPQ, IIFL and Recruit Holdings, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, Sofia, Sao Paulo, Bogota, Amsterdam, Jakarta, and Dubai. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

About CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2021, CDPQ's net assets totalled CAD 419.8 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.

CDPQ is a registered trademark owned by Caisse de depot et placement du Quebec and licensed for use by its subsidiaries.

About IIFL AMC

IIFL Asset Management (IIFL AMC) is a part of IIFL Wealth and Asset Management. IIFL AMC is an alternates-focused asset management and has been playing a pivotal role in the growth of the AIF industry in India. A disciplined and active management approach combined with research-led strategies allows IIFL AMC to tap into India's potential for delivering on its commitments and long-term growth. The AMC's diversified suite of mutual funds, PMS, alternative investment funds, credit funds and venture capital funds span public and private equities as well as fixed income securities and real estate. IIFL AMC's distinctive products bring out the entrepreneurial edge, agility and speed of execution of a boutique asset management business, while providing gold standards of corporate governance of a large corporation with a long-term focus.

For more information
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

MEDIA RELATIONS TEAM, CDPQ
+1 514 847-5493
medias@cdpq.com

IPSHITA BALU
+91 95901 11798
Ipshita.balu@archetype.co

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 37th Edition of World AI Show Addressed the Necessity of Boosting AI Adoption in Malaysia

KUALA LUMPUR, Aug 5, 2022 – (ACN Newswire) – On 13 July 2022, Malaysia played host to a virtual conference with a wealth of AI, and future-tech related discussions. Trescon, the event's host, brought together more than 250 online participants, including important players in Malaysia's AI ecosystem like government officials, leading AI specialists, and solution vendors. Leading players in AI & Data space like Dataiku | Strateq, Denodo, Alteryx, TigerGraph, ServiceNow, ManageEngine and Snowflake gathered at the virtual conference to examine the prospects for AI in Malaysia.


A picture of the panel discussion from the World AI Show – Malaysia that was streamed live on July 13, 2022


The event focused on key topics such as:
– Leveraging digital transformation through Malaysia's AI national strategy
– AI & RPA: Accelerating the pace of digital transformation
– The democratization of analytics; transforming business with Artificial Intelligence
– How data virtualization accelerates machine learning and AI projects
– Leveraging intelligent automation: the role of AI and automation in ITOps
– Analyzing the growth of conversational AI in a post-Covid world and much more.

The event featured a ground-breaking alliance between specialists like:
– Ms. Sofia Paes – Data Policy Advisor, Ministry of Economic Affairs and Communications of Estonia, Estonia
– Mr. Navin Sinnathamby – Head, AgTech, Sectorial Pilots & DroneTech, Ecosystem Development Division, Malaysia Digital Economy Corporation Sdn. Bhd (MDEC)
– Ms. Judy Nam – Principal Solutions Engineer Director, Dataiku
– Mr. Alexandre Hubert – RVP, Sales SEA, Dataiku
– Ms. Katrina Briedis – Sr. Product Marketing Manager, Denodo, Australia
– Mr. Teo Hong Sen – Solutions Engineer, Alteryx, Singapore
– Mr. Pranay Roy – Solution Engineering Manager APJ, TigerGraph
– Mr. Nilesh Timbadia – Chief Information Officer, The Port of Tanjung Pelepas (PTP), Malaysia
– Mr. Badril Abu Bakar – Deputy Director, Malaysian Agricultural Research and Development Institute (MARDI)
– Dr. Waqas Khalid Obeidy – Chief Innovation Officer, TheLorry, Malaysia
– Dr. Sasa Arvoski – Program Director AI & Robotics, Associate Professor, Raffles University, Malaysia
– Mr. Fawzi Bessaih – Head of Data Science, Airasia Singapore; to name a few.

The show kicked off with an opening keynote by Datuk Dr. Mohd Nor Azman Hassan, Deputy Secretary General Technology Development, Ministry of Science, Technology and Innovation where he shared his insights on, "Leveraging Digital Transformation through Malaysia's AI National Strategy."

Judy Nam, Principal Solutions Engineer Director, Dataiku spoke at length of "Defining a Successful AI Project: A Framework for Choosing the Right AI Use Case." She was quoted saying, "Data needs to be relevant complete, high quality have sufficient number of records compliant and be timely."

While speaking about "The Democratization of Analytics," Teo Hong Sen, Solutions Engineer, Alteryx mentioned that, "Companies are investing significantly in digital transactions, 99% in big data and 24% in AI shows reports in big data drivers."

The event also witnessed a panel discussion on the topic 'Accelerate Innovation using AI/ML, Cloud and Data Analytics' that was moderated by Nadiah Hanim Abdul Latif.

"Since AI brings up a wide range of possibilities, finding the correct business context for it is critical to achieving success. Innovations like artificial intelligence, however, must be contextualized and integrated into a business use case," says Mithun Shetty, CEO of Trescon.

The show was hosted on the virtual events platform Vmeets which helped the participants to network and conduct business in an interactive and immersive virtual environment. Participants were also able to engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

World AI Show Malaysia was officially Supported by Malaysia Digital Economy Corporation (MDEC), & officially sponsored by:
– Lead Sponsor – Dataiku & Strateq;
– Gold Sponsors – Denodo, Alteryx, ServiceNow & TigerGraph;
– Silver Sponsor – ManageEngine
– Bronze Sponsor – Snowflake

About World AI Show

World AI Show is a thought-leadership-driven, business-focused, global series of events taking place in strategic locations across the world.

It fuses top AI experts, enterprises, government representatives, data scientists, technology leaders, startups, investors, researchers, academicians, and global AI innovators – to discuss the latest challenges for the sector arising out of the pandemic situation.

About Trescon

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect, and consulting services.

For further details, please contact:
Zeba Rashid
PR, Media & Corporate Communications, Trescon
+919555915156 | media@tresconglobal.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

World’s Biggest Deal for Humanoid Robots Inked

NEW YORK, Aug 4, 2022 – (ACN Newswire) – Robotics innovator Beyond Imagination, Inc. has entered into an agreement with SELF Labs, Inc. to provide at least 1,000 humanoid robots for use in agricultural "grow boxes"'. This is believed to be the largest deal of its kind.



SELF and Beyond are announcing a partnership to develop automated off-the-grid grow boxes. Each box will be equipped with solar panels, windmills, atmospheric water generators, 5G, and an advanced version of Beyond Imagination's Beomni robot with its Omni-Purpose AI Brain. By aligning the visions of Milan Cheeks of SELF and Dr. Harry Kloor of Beyond, this futuristic take on farming will be made possible through a uniquely powerful combination of Omni-Purpose AI, humanoid robotics, blockchain, and game technology.

The deal with SELF represents one of the largest agreements to purchase humanoid robots in the world. Cheeks says that "We are committed to purchasing at least 1,000 robots in the next five years, but if the effectiveness of our combined technology is as we project, that number could easily grow to ten thousand or more." According to a recent report by Markets and Markets, the humanoid robotics market will reach an estimated USD 17.3 billion by 2027, registering a CAGR of 63.5% between 2022 and 2027. The agreement with Beyond is in alignment with this prediction. Dr. Kloor commented, "Beyond Imagination expects to represent a billion USD or more of that market share by 2027, and with our partnership with SELF Labs we are well on our way to that goal."

Each grow box will be connected to a SELF Labs-powered trivia-based simulation game called Cultivate Coin, which allows users to choose a role, learn about farming and the growing process, learn how to operate a grow box business, earn rewards, and most of all take part in the growing process virtually.

The Beomni Omni-Purpose AI powered humanoid robots supplied by Beyond will work autonomously inside of the boxes to tend to the growing crops. The boxes will run on solar energy, and by using atmospheric water generator technology will not require any outside sources for power or water, making them self-sufficient.

Video: https://youtube.com/shorts/OhHB6xmLu3c?feature=share

Most robots are targeted at narrow verticals or are merely elaborate R&D demos. Beomni is different. Its thinking general-purpose robotics platform learns from human pilots who train its AI Brain to tackle increasingly sophisticated tasks autonomously. Beomni, combined with Beyond's Cloud Platform and evolving AI, can tackle limitless tasks without requiring special peripherals like industrial robots. Beomni is a fully mobile robot that is designed to work safely around humans. It is the world's first fully functional general-purpose robotic system, and the first to be beta tested at a medical facility. According to Dr. Kloor, "Working with SELF and its community will enable us to rapidly train Beomni's AI Brain to plant, care and tend, harvest, and box the crops in SELF's grow boxes."

Beomni has advanced significantly since it was revealed at CES in 2022. In April, the company demonstrated that Beomni can be operated from anyplace in the world. Additional prototyping and on-site evaluation projects are currently underway. The version Beyond will deploy in the grow boxes will be even more advanced, and will be part of Beyond's 2.0 product line of Beomni robots.

"I'm excited to bring this idea to life!" said SELF Labs founder Milan Cheeks. "Adding decentralization and automation to the farming industry will benefit everyone. While there is no single solution to solve world hunger, our automated off the grid grow boxes is one tool that will go a long way in meeting the UN's goal to reach zero hunger by 2030."

The first box will be crafted at Box For Grow in New Hampton, NY. Once assembled, it will begin operation for use within the United States.

About SELF Labs

SELF Labs is an incubator that focuses on transitioning companies and individuals from Web 2 to Web 3. By investing and providing products that gamify life, we are able to create a form of entertainment while solving the world's major issues. SELF Labs is on a mission to remove the hardships in life and provide products and services to bring a more leisurely lifestyle to everyone on the planet.

Founded in 2016, SELF has built its own private Blockchain called SELF Chain. SELF Chain is lifestyle blockchain that hosts a suite of reward tokens that users can earn on the Mirror Image One Gaming Console.

For more information and partnership inquiries, reach out to hello@selflabs.xyz

About Beyond Imagination, Inc.

Beyond Imagination, Inc. is a robotics and AI platform company that is focused on bringing humanoid robots to market rapidly to solve real-world problems. By partnering a human pilot with an evolving Omni-Purpose AI Brain, we are able to deploy our Beomni Robotics platform across a wide range of commercial applications. Our initial focus is in two sectors, agriculture and surgical assistance.

Founded by leading innovators in AI and robotics, and strengthened by a solid patent portfolio, Beyond Imagination, Inc. is poised to revolutionize life and fundamentally change the way we work, travel and engage with others around the world.

Beyond Imagination is continuing to take advanced orders and is always open to strategic partnerships and investments from qualified investors.

For photos and videos, see our media page at www.beomni.ai/media and our latest short video here: https://vimeo.com/717147889/634a211922. Our Press Kit may be found at www.beomni.ai/press-kit/

Source: Plato Data Intelligence: Platodata.ai

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

36th Edition of World AI Show to Host Biggest Confluence of AI Tech, Partnerships, and Go-to-Market Strategies

Singapore, Aug 2, 2022 – (ACN Newswire) – Aiming to accelerate the adoption of Artificial Intelligence (AI) by amplifying the impact of their innovation capability, the 36th global edition of World AI Show – Singapore will be held on August 3-4 2022, at Marina Bay Sands Expo and Convention Center, Singapore.



Themed "AI Roadmap to Scale Adoption and Create Value with Innovation", the event will be one of a kind gathering of 300+ pre-qualified CIOs, CEOs, CTOs, Heads of AI, Chief Digital Officers, Heads of Innovation, and International AI & ML experts among others who will be a part of powerful keynotes, workshops, government and enterprise use-case presentations, product exhibitions, panel discussions and tech talks.

Dor Kedem, Head of Analytics and Artificial Intelligence – CPBB, Standard Chartered Bank, Singapore, said, "The World AI Show will be an exciting opportunity to learn in-person from key AI practitioners and leaders in the Singapore region on how analytics transform their organizations and helps them to realize unique value proposition to their customers and their business."

"Every personal, business and financial decision should include sustainability and climate change. To make effective decisions and take responsible actions, we need relevant know-how. Data acquisition, analytics and AI can help with this," says Dr. Richie Lee, Senior VP, Head of Sustainability, Corporate Real Estates Services, United Overseas Bank, Singapore.

"It is important to understand that real-world AI isn't magic but contextual (and sensible) adoption of AI in the realm of Health & Healthcare. The catalyst of success would include having good clinical guidance, interoperable data and AI expertise," says Dr. Adam Chee, Chief, Smart Health Leadership Centre, National University of Singapore, Singapore.

"Dataiku will show how extraordinary AI for everyday purposes is brought to life in this edition of the World AI Show, Singapore 2022. As a Lead sponsor, we await the opportunity to connect with attendees and discuss how to realize AI strategy at scale and speed; no matter the stage of AI or analytics maturity. Meet us at our booth to find out more on how Data Science meets Everyday Use!" says Jiunn Hao, RVP Partnership, APJ, Dataiku.

Pre-qualified, C-level tech decision makers from enterprises and governments will explore key sectors in Singapore reaping the advantages of the adoption of AI and related technologies. The show will feature a ground-breaking collaboration of experts such as:
– Jason See; Senior Director, Data Science & Artificial Intelligence Division (DSAID), GovTech, Singapore
– Sutowo Wong; Director, Data Analytics, Ministry of Health, Singapore, Singapore
– Dennis Khoo; Director (Port Systems), Maritime and Port Authority of Singapore (MPA), Singapore
– Prof. Simon Chesterman; Senior Director of AI Governance, AI Singapore, Dean, Faculty of Law & Vice Provost (Educational Innovation), National University of Singapore, Singapore
– Miao Song; Global Chief Information Officer, GLP, Singapore
– James Ang; Senior Vice President, APAC, Dataiku, Singapore
– Alex Aung; Director; Sales Engineering (South Asia), Dataiku, Singapore
– Adrian Tan; Solutions Engineer, Alteryx, Singapore
– Alex Hoehl; Regional VP, ASEAN & Korea, Denodo, Singapore
– Amit Sawarkar; Director of Strategic Partnerships, TigerGraph, Singaporen
– Dr. Steven Hoi; MD of Salesforce Research Asia, Salesforce, Singapore
– Ashish Pandey; Advisory Solution Consultant, ServiceNow, Singapore
– Serene Keng; Country Manager, Singapore, Channel and Alliance Head APAC, TigerGraph, Singapore
– Vidhu Gautam; MD, Easy Data Analytics Pte Ltd, Singapore
– Danielle Jiang; Deputy Director – AI Development Office, FinTech Innovation Group, Monetary Authority of Singapore (MAS
– Shivam Bansal; Senior Data Scientist, H2O.ai, Singapore
– Vidhu Gautam; MD, Easy Data Analytics Pte Ltd, Singapore
– Tauhid Abddul Jalil; Principal Consultant, Southeast Asia, Laiye and more.

"This wave of AI is transforming how businesses interact with their customers, employees and partners – and are poised to be a major game changer for businesses of all sizes. The early adopters are already reaping the benefits of reduced costs and increased revenue opportunities, and the benefits to consumers and society will be even more dramatic as AI technologies continue to mature over the next few years," says Mithun Shetty, CEO of Trescon.

The 36th global edition of World AI Show is officially sponsored by:
– Lead Sponsor – Dataiku | TechData;
– Gold Sponsors – Denodo, Alteryx, Servicenow, Soroco, TigerGraph, Easydata.ai & H2O.ai;
– Silver Sponsors – Laiye & Mulesoft;
– Bronze Sponsor – Altair, Vuram, Aerospike & Sitecore.
– Exhibitor – Uniphore

About World AI Show

World AI Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world. It connects top AI experts, enterprises, government representatives, data scientists, technology leaders, startups, investors, researchers, academicians, and global AI innovators – to discuss the impact of AI on commercial applications and the revolutionary ways it can transform businesses and government functions.

About Trescon

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments, and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect, and consulting services.

For more information visit: https://tresconglobal.com/conferences/ai/singapore/
For further details about the announcement, please contact:

Jagriti Jaiswal,
Marketing Lead | Trescon
media@tresconglobal.com | +91 95559 15156

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Mitsubishi Electric Building Solutions Delivers 123 Elevators to Large Office Building in China

TOKYO, Aug 2, 2022 – (ACN Newswire) – Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Tadashi Matsumoto) announced today that Shanghai Mitsubishi Elevator Co., Ltd. has delivered 123 elevators for JD.com's new Headquarters building *1 for second phase construction.


JD.com Headquarters (Second Phase Construction)


The building is located in Yizhuang Economic Development Zone in Beijing and has a total floor area of 530,000 square meters. Approximately 15,000 people work in the 19-story building complex consisting of three parts (A, B and C office buildings), including five underground floors. Since many employees and visitors come and go every day, the occupation density on each floor is expected to be higher than that of a typical building. Accordingly, shortening the waiting time for elevators was a challenge.

Of the 123 units delivered, 84 are large-capacity elevators that are usually installed in 40 to 50-story buildings. These units can be operated under a group control system and MEBS's Destination Oriented Allocation System (DOAS) to efficiently transport large numbers of users at once, easing congestion in the buildings and contributing to comfortable travel.

Product Features

JD.com's new Headquarters building is recognized as a smart building with a variety of new cutting-edge building facilities installed, including facial recognition access, IP telephone and web conferencing systems using a high-speed 5G network, and AI-based building monitoring and smart lighting systems. MEBS is supporting smooth movement within the building by delivering elevators that are compatible with group control system and DOAS operation.

1) Group control system to enhance operational efficiency
– This system controls multiple elevators at all times to reduce waiting time and save electricity.
– The introduction of AI maximizes operational efficiency by predicting traffic in the buildings and controlling the number of elevators allocated accordingly.

2) Destination Oriented Allocation System (DOAS) to ensure comfortable travel
– This system eases congestion in elevator lobbies by distributing passengers according to their destination floor.
– By holding an ID card over the card reader, users can register their destination floor in advance and board the elevator without touching the hall button.

MEBS's Elevator Business in China

China is the world's largest elevator and escalator market, with an annual demand for new elevators and escalators exceeding 900,000 units. Although the growth in units sold has slowed considerably in recent years due to restrained speculation in the real estate market, moderate expansion is expected to continue against the backdrop of actual demand for public infrastructure and housing. MEBS will continue to respond to the needs of the Chinese market by providing safe, reliable, and comfortable products and services.

Overview of Project
Project Name: JD.com Headquarters (Second Phase Construction)
Location: Yizhuang Economic Development Zone, Beijing, China
Building: 5 basement levels and 19 above-ground stories
Total floor area: 530,000 m2
Products: Elevator(MAXIEZ) 123 units
Specification:
– High Zone
Unit: 84, Capacity: 1,800 kg, Speed: 240 m/m, No. of stops: 14-26, Notes: Group control system with DOAS
– Low Zone
Unit: 39, Capacity: 1,600 kg, Speed: 105 m/m, No. of stops: 3-10
Sales company: Shanghai Mitsubishi Elevator Co., Ltd. (SMEC)
Manufacturer: Mitsubishi Electric Shanghai Electric Elevator Co., Ltd. (MESE)

Overview of SMEC
Company Name: Shanghai Mitsubishi Elevator Co., Ltd.
Location: 811 Jiang Chuan Road, Minhang, Shanghai
Ownership:
– Shanghai Mechanical & Mechanical Industry Co., Ltd.: 52%
– China National Machinery Import & Export Corp.: 8%
– Mitsubishi Electric Corporation: 32%
– Mitsubishi Electric Building Solutions Corporation: 8%
Established: December 1986
Business: Sales, manufacture, installation, and maintenance of elevators and escalators

Overview of MESE
Company Name: Mitsubishi Electric Shanghai Electric Elevator Co.,Ltd.
Location: No.1211 Zhongchun Rd., Minhang, Shanghai
Ownership:
– Shanghai Mechanical & Mechanical Industry Co., Ltd.: 40%
– Mitsubishi Electric Corporation: 40%
– Mitsubishi Electric Building Solutions Corporation: 20%
Established: August 2002
Business: Sales, manufacture, installation, and maintenance of elevators and escalators

Overview of MEBS
Company Name: Mitsubishi Electric Building Solutions Corporation
Background: A new consolidated subsidiary of Mitsubishi Electric established in April 2022 to take over and integrate the building systems business of Mitsubishi Electric through an absorption-type split into Mitsubishi Electric Building Techno-Service Co., Ltd., a consolidated subsidiary mainly responsible for elevator maintenance and renewal business.
Location:
(Head Office) 7-1 Yurakucho 1-Chome, Chiyoda-ku, Tokyo
(Headquarters) 2-7-3 Marunouchi, Chiyoda-ku, Tokyo, 7-19-1 Arakawa, Arakawa-ku, Tokyo
Established: March 29, 1954 (Date of establishment of Mitsubishi Electric Building Techno-Service Co., Ltd.)
Founded: April 1, 2022
Paid-in Capital: 5,000 million yen
Representative: Tadashi Matsumoto
Business:
– Development, manufacture, sales, installation, maintenance, repair, etc., of elevators, escalators and building management systems
– Sales, installation, maintenance and repair of refrigeration systems and air conditioners
– Comprehensive building management, including monitoring and control of various building facilities, facility management, operation, and consulting

*1 In addition to the latest smart building equipment, the building is designed with consideration for the environment in accordance with China's Green Building Assessment (GB standard), which has been in effect since 2006.

Customer Inquiries
Strategic Planning Division, Global Business Group
Mitsubishi Electric Building Solutions Corporation
bod.inquiry@rk.MitsubishiElectric.co.jp

Media Inquiries
Corporate Communication Division
Mitsubishi Electric Building Solutions Corporation
a_meltec-kouhou@meltec.co.jp

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

14th Edition of DTS Saudi Arabia Physical Conference on 10th August 2022

Riyadh, Saudi Arabia, Aug 1, 2022 – (ACN Newswire) – After successful 13 editions of Digital Transformation Summit, Exito (www.exito-e.com) is all set to host another milestone event – which serves as an ideal platform to enhance the experience to latest insights in "Transforming Businesses with Emerging Technologies" will address the importance of the full potential of technology as a driver for every organization to function securely, efficiently and effectively. In the highlight of this 13th Digital Transformation Event will provide a detailed overview of the existing and predicted trends within a ever-changing digital landscape across the Middle East.The Digital Transformation Summit is an ideal platform for IT leaders in Saudi Arabia to meet, interact, gain new insights and discuss various methods to overcome the glaring challenges faced by the digital industry. Through engaging panel discussions, insightful keynotes and immersive networking sessions, the event is sure to incite both thought and action at your organization. At the Digital Transformation Summit, Saudi Arabia?s top IT leaders will share their best practices and case-studies from their transformation journey.



The event will be elated with insightful sessions by the qualified speakers hosting a vast experience in the Digital Transformation domain. An exclusive one-day closed door conference hosting 150+ Digital Leaders, CEOs, Mds, CIO, CTO, CISOs,CTO, CDOs, IT Heads etc with keynote presentations, fireside chats, panel discussions and live Q&A sessions from Saudi Arabia?s top Digital Transforamtion leaders as well as enhanced virtual networking experience throughout at the DT Summit Saudi Arabia. Digital Transformation Summit Saudi Arabia will explore and understand extensively the world of digital enterprises, as digital transformation no longer remains a catch-phrase. The focus will be on digitization with effective transformation through business case studies, pertinenet challenges and tailor-made solutions for your business requirements.

Speakers like Abdullah AlSalem, IT Director, Ministry of Health Kingdom of Saudi Arabia, Talha Rais Akhtar, Head Vehicle Mobility & Emerging Technology, Abdul Latif Jameel, Mashari AlMussaed, CIO, Olympic and Paralympic Committee Saudi Arabia, Bandar Almutairi, Digital Transformation of Labs Director, King Abdulaziz City For Science and Technology(KACST), Anas Mosa, IT Director, Saudi Aerospace Industries Engineering, Abdulaziz Alkhalif, Dep. CEO, Taib SA, among many others will be sharing their experiences and expertise at the summit.

Event registration has commenced for Delegates and Sponsors.

– The delegates will be exposed to in-depth, trend-forward sessions & workshops – practical takeaways and ideas to keep you ahead in the digital economy.
– The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.
– Hundreds of seasoned marketers, strategists, designers, and more to network and connect with. Meet your customers, vendors, expert resources, friends and colleagues on the 10th of August 2022.

Register Today to engage at this grand event as the slots are filling up fast.

To know more about the event, https://digitransformationsummit.com/ksa/

About Exito

We are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries. We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection!

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CITIC Telecom CPC expands global footprint with new SmartCLOUD(TM) Service Centers in Tallinn and New York

HONG KONG, Aug 1, 2022 – (ACN Newswire) – CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK:1883) announced launching a new SmartCLOUDTM Services Center in Tallinn, Estonia and opening its second Cloud Service Center in New York, US, to tap into the region's fast-growing demand for cloud, connectivity and data storage services.



Two new Cloud Service platforms will enable our customers to swiftly scale up their modern business operations with carrier-grade infrastructure, offering additional options for managed cloud services and global connectivity solutions, while enjoying enterprise-class performance, reliability and local support at low costs.

Enterprise-grade infrastructure, Managed by Global – Local Professionals

"Additional SmartCLOUD(TM) Service Centers, are located at Tallinn, Estonia and New York, US in Q3, 2022. It also marks a milestone toward further enhancing CITIC Telecom CPC's already extensive capability to provide diverse and effective cloud services to Europe-based enterprise customers," said Mr. Serve Bunnik, Deputy Director, European Operations, CITIC Telecom CPC.

SmartCLOUD(TM) Service Platform is housed at Tallinn Data Center, which serves as one of the largest Internet Exchange (TTL-IX) Point in Estonia; offering on-demand and direct access to the cloud, network, storage, and backup services via CITIC Telecom CPC's comprehensive ICT resources. The 2nd Cloud Service Platform in New York is located at one of the world's most connected datacenters at the financial hub nearby New York, next to Nasdaq Data Center, currently serving the world's largest financial, media and enterprise companies as well as many of the major New Jersey metro trading hubs. The two newest SmartCLOUD(TM) Service Platforms located at prime locations in two different cities offer high availability and powerful connectivity advantages. Multi-cloud services for enterprises deploy their infrastructure and business applications in the public cloud, private cloud and hybrid cloud, with greater options with regards to backup redundancy, range of connectivity and ultra-low latency.

West-East Global Cloud Ring expands
The pandemic has massively accelerated cloud adoption and surged demand for intra/intercity and cross boundaries connectivity services within European cities. To keep pace with digital transformation, infrastructure complexity and dynamic business operation across the globe, CITIC Telecom CPC expands its global footprint with 2 new cloud platforms, integrated all-in-one comprehensive network-cloud solution in the region, connecting West-East with Global Cloud Ring. Delivering efficient, responsive managed cloud service and global connectivity to elevate regional customers' rapid digital transformation while further improving the quality and efficiency of its customer experience.

The 'West – East Global Cloud Ring' networking Tallinn, London and Frankfurt, spanning across Europe, the CIS and the Asia Pacific including Mainland China, is a highly reliable and one-stop Cloud platform interconnected with CITIC Telecom CPC's 21 Cloud Service Centers (CSCs) and over 160 POPs in 150 countries. It will be crucial for European-based enterprises who are looking to invest in and explore the emerging market and outreach their business operations. Not only will it provide a scalable cloud platform with full disaster recovery capability to intra-city, inter-city and cross-boundary redundancies, but also offer round-the-clock professional support optimising customers' IT investment, achieving a faster response time and ensuring business continuity.

"Over the past 20 years, we strive to be the most trusted partner for customers' around the globe, with our footprint not only covering the Asia Pacific to Europe and America but also extending to the CIS and South Africa. We will continue to provide innovative ICT solutions to help our customers leverage digitalisation to transform their businesses, and even the whole industry," Serve Bunnik added.

About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.

With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24×7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com
Media Contacts:
Catherine Yuen
CITIC Telecom CPC
(852) 2170 7536
Email: catherine.yuen@citictel-cpc.com

Jaanika Kaarst
CITIC Telecom CPC
(372) 53 454 442
Email: jaanika.kaarst@citictel-cpc.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

14th Edition of BFSI IT Summit: India (Mumbai)

MUMBAI, INDIA, Aug 1, 2022 – (ACN Newswire) – After successful 13editions of BFSI IT Awards & Summit, Exito is all set to host another milestone event to enhance the experience to latest insights in "Re-imagining BFSI-Culture,Strategy & Innovation". As the sector continues to drive innovation,14th Edition BFSI IT Summit India, the IT leaders find themselves looking for new ways to define their digital transformation strategy comprehensively, outgrow competition and stay relevant with the risk of real challenges but great potential rewards, customer-centric approaches, automation of processes and security concerns continue to be top of mind for the IT leaders from the BFSI sector.



The event will be elated with insightful sessions by the qualified speakers hosting a vast experience in the Digital Transformation domain. An exclusive one-day closed door conference hosting 150+ pre-qualified C Level IT Decision Makers, Influencers from India's banking and financial institutions, IT leaders from various enterprises in India.

Featured speakers include: Nalin Bansal Chief Of Fintechs, Corporates And New Ventures National Payments Corporation Of India (NPCI) , Ashutosh Mishra Chief Risk ManagerNational Bank For Agriculture & Rural Development ( NABARD), Sunil Batra Executive Vice President And CTO National Securities Depository Limited (NSDL), Dr.N. Rajendran Chief Digital Officer Multi Commodity Exchange Of India Limited, Ritesh Chatterjee Chief Distribution Officer Bharat Financial Inclusion Limited, Prasanna lohar CIO DCB Bank Pvt ltd and many others will be sharing their experiences and expertise at the Summit.

Event registration has commenced for Delegates (https://bfsiitsummit.com/india/register-now.html) and Sponsors. Hyperlink India FORM

– The delegates will be exposed to In-depth, trend-forward sessions & workshops – each tons of practical takeaways and ideas to keep you ahead in the digital economy.
– The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.
– Hundreds of seasoned marketers, strategists, designers, and more to mingle and connect with. Meet your customers, vendors, expert resources, friends and colleagues tomorrow.

To know more about the event 14th Edition BFSI IT Summit India (https://bfsiitsummit.com/india/).

About Exito

We are a global B2B business events company focused on crafting bespoke solutions and contexts by designing platforms that create new business opportunities for our clients across concepts and industries.We cherish the trust over the last 12 years garnered from our partnering organizations globally, and with a growing team of young, vibrant, and creative individuals, Exito aims at success and perfection!

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Led by Legend Capital, The Leading Intelligent Special Robot Company AKA Robotics Completes Series A Financing

HONG KONG, Jul 28, 2022 – (ACN Newswire) – Shenzhen AKA Robotics Technology Co., LTD. (hereinafter referred to as "AKA Robotics"), a leading intelligent special robot company, recently completed its Series A financing round, which was led by Legend Capital. This round of funds will be used to invest in R&D and accelerate its market expansion of the special robotic series products and its overseas market layout, with the mission of "cleaning the world, safe operation".



AKA Robotics was established in 2017 and has grown into an enterprise that provides intelligent special robots and comprehensive green solutions for rust removal, cleaning, spraying, polishing, and the inspection of large steel-structure facades. Its robot products have been widely used in ships, petrochemicals, wind power, and other industries.

The founding team of AKA Robotics was formed by experts in the field of robotics, coming from Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. The founder of AKA Robotics is a key technical talent of the Chinese Academy of Sciences, the chief scientist of key R&D projects of the Ministry of Science and Technology, a doctoral supervisor, and a professor-level senior engineer with profound experience in technology R&D and operation management. AKA Robotics has obtained nearly 100 patents and software copyrights in the fields of core technologies, including wall-climbing robots, intelligent control algorithms, controllers, ultrahigh pressure water jet technology, and machine vision.

Raymond CHEN, Co-Chief Investment Officer of Legend Capital, said: " Legend Capital continues to pay attention to the investment opportunities in the field of robots. At present, the application of special robots in ships, petrochemicals, wind power, and other industries is facing an inflection point. With the ability to reduce manual work in harsh environments, the robots will play a greater role in industrial production and social life with broad market space. The AKA Robotics team is modest and pragmatic and has been concentrating on polishing products for many years. AKA Robotics has taken the lead in forming large-scale applications in ships and is a leading enterprise in special robots. Legend Capital is very honored to lead this round of financing, and we look forward to AKA Robotics making more breakthroughs in technology, products, and commercialization in the future. At the same time, Legend Capital will continue to support AKA Robotics in growing into a global and platform-based special robot company by providing more proactive value-added services."

About Legend Capital
Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, and Seoul, Korea.

It currently manages USD and RMB funds of over US$10 billion in commitments and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service, and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies through solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.

Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.

For more information, please visit www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital ( https://www.linkedin.com/company/legend-capital ).


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Taiwanese Companies Flock to ASEAN for Growth

Singapore, Jul 25, 2022 – (ACN Newswire) – In the last 6 years, the New Southbound Policy has played an integral role in enabling Taiwanese enterprises to diversify and capture opportunities in one of the fastest growing regions in the world, ASEAN. During the period of January to October 2021, Taiwan invested US$5.3 billion in the ASEAN region, which amounted to 38.7% of the country's total overseas investments, the highest proportion in 20 years.

In ASEAN, current trends reflect a shift towards customer-driven hyper-personalisation, as well as data-enabled optimisation. Considering the increasing focus on the ASEAN market, growth of Taiwanese enterprises are aligned with these regional trends.

Customer-driven Innovation

ASEAN consumer patterns have shifted in the last few years and enterprises have adapted to meet changing customer needs in the area of health, security and mobility.

Amidst the global pandemic, health has been growing to be a central focus for consumers, with 85% expressing concern over health, according to an Asia-Pacific 2021 survey by Ernst & Young. This has contributed to an increased health and wellness expenditure in Southeast Asia. In the emergence of this trend, ible Technology Inc. has come up with a wearable air purifier to provide purified air surroundings for consumers as they go about their daily lives. This solution adopts ible's unique Breathing Pathway Eco Ion Technology, and this technology will produce over 20 million negative ions (around 100 times more ions than a forest produces) surrounding user's face to remove pollutants from the air, including viruses and other airborne particles.

The recent cyberattack and data breach incidents have put personal data protection and security concerns under the spotlight. This topic has never been more relevant in the age of rapid technology adoption and data-driven organisations, with 83% of ASEAN-based organisations being highlighted as data-driven in the AIBP ASEAN Enterprise Innovation Survey 2021/22. In recognition of this, Maktar offers a smart backup solution with an integrated microSD lock encryption feature that prioritises customer data security.

The establishment of the ASEAN Smart Cities Network has provided a collaborative platform where cities from the ten ASEAN Member States can work towards the common goal of smart and sustainable urban development. With advancing smart city initiatives, smart mobility is gaining traction as consumers look towards convenient and user-centric transportation services. Leveraging on IoT, IBASE designed an embedded computing platform for a smart parking metre that provides efficient parking management services such as occupancy detection and online payment, enabling customer mobility needs to be met.

Accelerating Business Outcomes with Frontier Technologies

According to AIBP ASEAN Enterprise Innovation Survey 2021/22, 62.8% of enterprises in ASEAN perceive business intelligence platforms that help make sense of data as the digital transformation investment that will drive the largest benefits to their organisation. Galaxy Software Services (GSS) is one of the major players in this space. In helping Perfirmtex International Co.,Ltd to improve their customer data management process, GSS built a CRM that enabled efficient lateral communication with key stakeholders like customers and partners, boosting customer satisfaction. This was guided by their Insight to Action Model where predictive analytics assists in deriving customer behaviour insights from data and following that, insights are used to optimise customer engagement efforts.

Digitalisation and automation of operations was found to be the top digital transformation focus of ASEAN organisations from a 2021 AIBP survey. In line with this, various enterprises have created tech-enabled solutions to facilitate process optimisation. An AI Edge Server by AAEON supported the smart manufacturing process of a machine manufacturer in the semiconductor industry. Accounting for end user needs, AAEON designed products that were compact and dissipated heat easily.

About AIBP

AIBP serves as an avenue for public and private organisations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit https://iotbusiness-platform.com/.

About Taiwan Excellence Awards

AAEON, IBASE, Galaxy Software Services, ible Technology, and Maktar were recently recognized by the Taiwan Excellence Awards. These awards have been established by the country's Ministry of Economic Affairs since 1993 to celebrate how technological innovation helps people live more rewarding lives. Each year, the Taiwan Excellence Awards select the most innovative products in Taiwan across four major categories: R&D, design, quality, and marketing. As well as recognizing domestic achievement, the awards serve as a benchmark for innovation and excellence in international markets.

Contact:
Mr. Irza Fauzan Suprapto
Email: irza@industry-platform.com
Phone: (+65) 9759 5343

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com