Category: Startups

Gradiant 2022: A Watershed Year in Review

Prakash Govindan, COO and Co-Founder of Gradiant, a global solutions provider for advanced water and wastewater treatment, reflects upon the key highlights of the company in 2022.

“Despite the challenges faced in the global markets with COVID-19, inflation, and supply chain risks, 2022 was a breakout year for Gradiant,” Prakash remarks. “The consistent success is credited to the company’s proprietary technologies and integrated solutions that address a broad range of end-use applications for the world’s essential industries. Gradiant is serving a growing list of the top brands and manufacturers in the world with its mission-critical solutions for advanced manufacturing. We remain true to our roots as a technology company by continuing to rapidly translate R&D innovations into commercial solutions.”

Gradiant’s 2022 revenues have more than doubled from the prior year and is expected to double again in 2023 given the backlog of over $150 million USD in systems, service, and design-build-operate projects.

“We announced strategic acquisitions of WaterPark and Synauta this year. WaterPark is a Taiwan-based design and construction firm focused on water technologies for advanced manufacturing. The acquisition strengthens Gradiant’s portfolio of technologies and applications expertise in biological wastewater and unlocks Gradiant’s full range of solutions and global resources to WaterPark’s advanced industrial clients in semiconductor and microelectronics manufacturing.”

The May 2022 acquisition of Synauta, an artificial intelligence water technology company, accelerates Gradiant’s deployment of digital twin technology in water. Industrial clients are increasingly adopting machine learning AI for their water operations to address challenges of sustainability and cost pressures, business continuity, and regulatory compliance. Digital water is the area of greatest innovation potential in the global water industry, and Synauta bolsters Gradiant’s position as a technology leader in this space.

In September, Gradiant announced the appointment of Govind Alagappan as President. “Govind joins us from leadership roles at Evoqua and SUEZ Water technologies and brings us deep knowledge in sales & operational excellence in a global business. He has the perfect mix of skills and experience to lead Gradiant to the next level of transformative business growth.”

Gradiant announced a strategic partnership with SLB to deliver the sustainable production of battery-grade lithium compounds. “Our technologies will enable high levels of lithium concentration in a fraction of the time required by incumbent and competing methods, while also reducing carbon and water footprints and capital costs.”

The industry recognized Gradiant’s impact with a series of awards in 2022, including Global Water Intelligence’s”Water Technology Company of the Year” distinction and “Breakthrough Technology Company of the Year” for Synauta, as well as the International Desalination Association award for “Most Innovative Company“, and “A Great Place to Work” honors for Gradiant.

“Gradiant looks to 2023 for growth into new applications and geographies, and deep penetration into strategic markets. The company will expand capabilities and access-to-markets through strategic partnerships and acquisitions. Gradiant will continue to deploy its full technology stack to bring together industry-leading water treatment solutions with the power of AI to sustainably solve the world’s most important water challenges.”

About Gradiant

Gradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients’ mission-critical operations in the world’s essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world’s increasing challenges created by industrialization, population growth, and water stress. Today, with over 525 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and Global Innovation Center in Singapore, and offices across twelve countries. For more information, please visit www.gradiant.com.

Corporate Contact
Felix Wang
Gradiant, VP of Marketing
fwang@gradiant.com

MX Hub (UAE) Announces Award Recipients

MX Hub, the revolutionary convergent tech accelerator inspired by SoftBank’s strategy of consolidation of leaders in the Healthtech, PropTech, AI, and sharing economy sectors, has seen impressive progress in just two months since its creation.

One of the major achievements of MX Hub is the consolidation of assets into the Metabook Sharing Economy platform, which aims to do revenue sharing with agents in tens of countries, promoting the innovations of MX100 startups. This strategy is a key component in building a global Revenue Sharing Digital Economy, led by top influencers and powered by the most appealing innovations.

In the last month, MX Hub residents from MX100 have received multiple awards. The founders of BloxBytes and Vaival technologies were recognized at different events in December, with CEO, Anjum Shahzad, being awarded PASHA ICT Award , Asia Pacific ICT Award ( among other 16 countries) and an award from the President of Pakistan in person as an appreciation for great contribution in Web3.0 development space.

The top success story is, Bloxbytes has listed in top 100 metaverse innovatorsby the metaverse spectrum and Vaival Technologies have received yet another prestigious leadership award, further solidifying the effectiveness of MX Hub’s accelerator program.

MX Edtech Rating, the only rating of its kind with proven results, is also a key component of MX Hub’s success. The MX 100 Rating event, which was postponed for March to include global leaders in emerging technologies, is based on factors such as team leadership in tech and business, scalability of startups, presence in international markets, and commercialization of products. The final stage of the rating process includes voting from an expert panel of global top experts, such as Adiv Baruch, Dr. Robert Goldman, and fintech influencer Brett King.

MX Hub’s mission is to accelerate the growth for top-rated startups, and with their impressive achievements in such a short period, it’s clear that they are on the right track.

About MX Hub

MX Hub is a Dubai (UAE) based global gateway for emerging startups and post- revenue companies that provides tailored one-stop acceleration solutions. It is a first-of-its-kind phygital platform that offers a unique physical space that is supported by a virtual twin version with multifunctional options, VIP meeting spaces and chat rooms. www.mxhub.me

Hong Kong Investment Promotion Chief visits Indonesia and Singapore to promote Hong Kong’s business opportunities

The Director-General of Investment Promotion at Invest Hong Kong (InvestHK) of the Government of the Hong Kong Special Administrative Region of the People’s Republic of China, Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong’s business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Mr Stephen Phillips

During the visit, Mr Phillips will be meeting with representatives of companies from financial services and family offices, innovation and technology, transport, infrastructure and advanced manufacturing, creative industries, and business and professional services sectors to discuss their plans of setting up or expanding operations in Hong Kong and other parts of the GBA.

Mr Phillips will also host a business roundtable cum luncheon for member companies of the Employers’ Association of Indonesia in Jakarta to provide an update on business opportunities and talent initiatives in Hong Kong. In Singapore, he will conduct two roundtables jointly organised with the Good City Foundation and the Association of Small & Medium Enterprises respectively, to share with them the latest initiatives and opportunities of the family offices sector in Hong Kong.

Mr Phillips said, “Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely.”

He added, “Hong Kong offers Indonesian and Singaporean companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA.”

Surayyah Ahmad on Greater Participation for Nigerian Women in Tech

Surayyah Ahmad, Ethco Group Ltd co-founder and Executive Secretary of Startup AREWA has discussed the underrepresentation of Nigerian women in the tech industry, and women’s effective participation and equal opportunities for leadership at all levels of decision-making in the tech ecosystem. She identified several important elements that can raise women’s involvement in technology and help the nation achieve a balanced workforce.

Surayyah Ahmad, Ethco co-founder and Executive Secretary, Startup AREWA, discussed underrepresentation of Nigerian women in the tech industry and opportunities for leadership at all levels of decision-making in the tech ecosystem. [Image: Startup AREWA]

“Studies from all across the world are showing that women are underrepresented in the tech industry, despite recent headlines concentrating on tech hiring sprees and the underrepresentation of diverse populations. Although the reasons for this differ, it is known that many people’s decision to seek a career in technology dates back to their elementary school years,” she says.

Women hold only 18% of undergraduate computer science degrees and 26% of computing occupations, according to the Bureau of Labor Statistics (BLS). Since the 1990s, there has been a decrease in the proportion of women working in computer science-related fields, from 35% to 26% between 1990 and 2013. According to the United Nations, only one in five experts in technical disciplines like artificial intelligence are women.

Only 16% of females at the pre-university level have had tech occupations recommended to them, and only 3% of them originally planned to pursue careers in technology, according to a recent report by Price Waterhouse Coppers (PwC) survey on women in technology. This figure is less in conservative regions such as Northern Nigeria, which, according to a World Bank report, could take more than 40 years to catch up with the country’s southern region.

Regardless of the disparity in accessing opportunities, women are starting to develop ideas and lead change through technology in their immediate contexts, despite the disparities in access. Things are gradually changing as more young women become interested in technology. Despite the underrepresentation of women in the tech industry globally, women have demonstrated a remarkable capacity to advance society, such as by reviving small and medium-sized businesses in Nigeria.

Surayyah cited two sisters in Nigeria as an example of this achievement of women in technology. The sisters took the initiative to create an app, which would provide technical support to micro, small, and medium-sized businesses. According to the sisters, Kesandu and Dumebi Nwokolo, the app is intended to assist budding entrepreneurs and serve as a stepping stone that will increase visibility and ostensibly display these abilities, goods and services to the world.

Ms. Odunayo Eweniyi, the Co-founder of Piggy Vest, has opined that in Africa, the normative beliefs that put women in subordination to men as a culture while encouraging patriarchy have put women on the sidelines of critical decision-making around the world. She says, “The lack of women in tech can’t be explained away by innate biological differences. It is really down to a combination of systemic bias, men funding men, and a working culture that excludes women.”

Surayyah states that more women from Northern Nigeria are coming up with programs to help Northern women get into tech. Start-up Kano run by Aisha Tofa, the Brief Academy run by Farida Yahya, and TTlabs are currently some of the female-led institutions driving the inclusion of northern women in technology, mostly by providing mentoring and sponsorship to technology institutions.

Giving girls early access to technology is a good start, but it’s never too late to give women the chance to get the experience they need to start a career in technology. Organizations can create valuable technical talent development programs that promote women and help diversity in representation and ideas, which frequently results in even greater innovation.

“Through job shadowing or internships, these programs give women a chance to learn technical skills that they can use in real life. Participants can learn useful information and meet other people who are interested in the same things they are. Even the experience gained can help develop their talents and launch a technological career,” Surayyah said.

About Startup AREWA
Startup AREWA was established to organize, empower and promote the Northern Nigeria technology and Startup Ecosystem, with the overarching goal of using technology and startups as a strategy to combat unemployment and poverty across the Northern Nigeria.

From the first Bootcamp at Bello Memorial Foundation Hall in Kaduna to a series of over 20 Bootcamps across Northern Nigeria, engaging over 5000 Startups with support from innovators and public-private leaders, Startup AREWA is implementing its strategic plan of promoting and providing real-time support to Startups.

Official website: https://startuparewa.ng
Facebook: https://facebook.com/startuparewa
Twitter: https://twitter.com/startuparewa
Instagram: https://www.instagram.com/startuparewa/
Email: hello@startuparewa.ng

For more information, please visit https://startuparewa.ng, write to contact@startuparewa.ng, or call us on +234 90 9685 9999.

Dr. Marliyyah Mahmood discusses the Impact of Tech on Women in Northern Nigeria

Dr. Marliyyah A. Mahmood, Women In Tech and Project Manager for Startup AREWA, discusses how technology is enabling and enhancing women’s empowerment in Northern Nigeria. She emphasizes some of the fundamental advantages of social media technologies, such as giving women access to a virtual environment where they may express themselves.

Dr. Marliyyah A. Mahmood, Women In Tech, Project Manager for Startup AREWA, spoke on how technology is enabling and enhancing women’s empowerment in Northern Nigeria. [Image: Startup AREWA]

“It is impossible to overstate the importance of women in the growth of any nation, state, or community. This is to reiterate the critical role that women’s education plays in long-term national development, which begins at home. Women are frequently observed to be the children’s first teachers at home. A mother’s influence on upbringing in any developing country, and the empowerment of women, has a significant impact on key developmental outcomes like health, education, reproductive patterns, income level, and other factors,” said Dr Mahmood.

While a report from PWC in April 2020 states that 41% of micro-businesses in Nigeria are owned by women, a report in EFInA stated that 55% of the financially excluded adults in Nigeria are women, and of the 25.1 million financially excluded in the north, 13.1 million are women. Business transactions are largely cash within informal channels, as business funds are kept at home because financial institutions are concentrated in the state capital, while poor record-keeping from transacting through informal channels in turn hampers eligibility for credit.

The previous census, which was performed in 2006, indicated that women made up around 49.7% of the population of Nigeria. Despite this, Nigerian women (particularly those in the northern region) have not been able to change the long-standing status that society accords to women. There are a number of reasons why women in Northern Nigerian society are treated unequally, the majority of which can be linked to the patriarchal system in place and the general lack of gender awareness among the rural population, including women who have been socialized to accept their subordinate position.

However, with better access to information online, women have developed a greater sense of awareness. Online educational content, blogs videos and social media tools have given women access to a virtual world that provides them with opportunities for self-expression. Digital platforms are aiming to be more inclusive than ever before in light of the changing political conscience. It is now essential, not simply an option, to guarantee women’s safety, inclusivity, and a voice at all intersections.

Through online workspaces, more women have recently been able to achieve financial independence. There are now more jobs available for women thanks to specific job postings on numerous online portals. Housewives or moms who have taken extended absences from the workforce now have access to special possibilities to re-enter the workforce. Many websites provide part-time and full-time occupations that people can undertake from home.

In Northern Nigeria, Startup AREWA and Financial Service Innovation (FSI) organized a virtual hackathon on financial inclusion amongst female entrepreneurs within the northern region by proffering simple and easy-to-use fintech solutions to increase more of their participation in setting up businesses. The innovative solutions developed from this hackathon were able to tackle the challenges faced by unbanked and underbanked female entrepreneurs in Northern Nigeria.

Dr. Marliyyah reveals how women now have access to a wide range of created opportunities online as a result of technology advancements. “Technology has helped women affirm their freedom of expression and right to the workforce, which they frequently find difficult to accomplish. This is a really great achievement that shows how it can be utilized to empower those with disadvantaged identities.

“However, it must not be overlooked that having internet access is necessary in order to take use of these virtual prospects. How many women and members of underrepresented groups actually have access to such technology is still an open subject. To ensure that intersectional gaps are filled and that technology and the internet are more widely available, intervention is necessary in this context.”

About Startup AREWA
Startup AREWA was established to organize, empower and promote the Northern Nigeria technology and Startup Ecosystem, with the overarching goal of using technology and startups as a strategy to combat unemployment and poverty across the Northern Nigeria.

From the first Bootcamp at Bello Memorial Foundation Hall in Kaduna to a series of over 20 Bootcamps across Northern Nigeria, engaging over 5000 Startups with support from innovators and public-private leaders, Startup AREWA is implementing its strategic plan of promoting and providing real-time support to Startups.

Official website: https://startuparewa.ng
Facebook: https://facebook.com/startuparewa
Twitter: https://twitter.com/startuparewa
Instagram: https://www.instagram.com/startuparewa/
Email: hello@startuparewa.ng

For more information, please visit https://startuparewa.ng, write to contact@startuparewa.ng, or call us on +234 90 9685 9999.

TD VC is Launching a $100M Web3 ‘Special Situation’ Fund with $10M in GP Commitments

TradeDog Group, the parent company of TD VC, announced the launch of their $100 Million Web3 “special situation” fund. The fund announcement comes with a GP commitment of $10 Million. The fund will re-structure and invest in projects with good products and businesses but struggling token markets.

This strategic move is a reflection of the commitment of TradeDog Group to web3 technology and blockchain-based applications. It paves a path for funding web3 initiatives that aim to make web-based services powered by blockchain better and more accessible.

TradeDog will leverage its following of more than 3 million Traders and Investors to build an active trading community for the portfolio of TD VC Fund 2, while TradeDog Market Management (TDMM) will be useful to execute sophisticated strategies in live markets (exchanges & DEXs) if required.

TD VC is a Multi-Strategy fund with a portion allocated to a flagship strategy “special situations investment.” Through this, TD VC will provide crypto businesses with tailored injections of capital based on the requirements of the token. The thematic fund will primarily invest in companies with strong fundamental businesses but whose token markets are underperforming. TD VC’s goal is to support the long-term growth of the digital ecosystem while maximizing risk-adjusted returns for investors, all underpinned by an emphasis on value, downside protection, and upside optionality.

As the fund’s strategic partner, TDeFi will leverage its successful track record as a blockchain startup incubator and support TD VC with a range of deal flow and advisory services.

Rupesh Pednekar will be leading the operations for the fund. He is a partner and a seasoned strategic business leader who will bring his experience in building and growing startups on board as well as extensive technology and institutional financial experience. Rupesh has advised multiple entrepreneurs, startups, and mid-size firms in their growth strategy and venture capital raise as part of a boutique advisory firm. Previously, he spent more than eight years at Moody’s Investors Service in New York City, where he led several critical initiatives around regulatory compliance, process and methodology upgrades, and technology transformation. Prior to Moodys, Rupesh successfully led high-impact projects at Verizon Wireless, including the 4G launch, billing systems upgrades, and technology integration for the company’s many acquisitions.

Speaking about TD VC’s vision for the fund, Pednekar said: “There has been a massive influx of talent from WEB2 to WEB3 and at TD VC we are looking to leverage that and bring about more adoption. There are a plethora of use cases for Web3 technologies and it is changing how value and equity is distributed. We aim to be a catalyst for innovation and believe our funding models will empower creators and disruptors in the web3 space to revolutionize the existing multi-layered blockchain ecosystem.”

TD VC’s fund will invest in promising young companies and support the limitless possibilities of Web3 tech, allowing entrepreneurs to bring forth innovative projects offering actual value in building the internet on blockchain. TD VC believes the crypto industry must keep volatile markets from getting in the way of innovation driving mass adoption.

About TradeDog Group

TradeDog is a Group of Crypto companies that helps projects in their token life cycle. In addition to TD VC, the companies in the ecosystem consist of TDeFi (https://tde.fi), a Web3 incubator. TDx, a Token launchpad with more than 30,000 whitelisted retail investors. TDMM (https://tdmm.io) enables Liquidity and Markets Management, helping tokens with Price and Volume management. TD Research is a Market Intelligence and on-chain analytics provider.

Website: https://td.vc/

Name: Rishabh Gupta
Designation: Director
Mobile: +91 9045622473
Email: pr@td.vc

MX Hub Dubai Announces Launch of its Metaverse Incubator

Since launching 2 months ago, MX Hub has achieved international recognition as a contributor to Dubai Metaverse strategy of global leadership. Located under the roof of the Dubai Ministry of Economy & Tourism, MX Hub has prepared the first Emtech Rating MX100, aimed at getting top rated companies to participate in the MX Sharing Ecosystem. MX Hub members get a revolutionary framework is designed to help startups accelerate the presence via the Emtech Rating System. The MX Hub Ecosystem provides a virtual office, registration / licensing at a fraction of the cost of setting up your own company in Dubai.

The MX Program Integration is based on a framework of transparency, trust and reporting that includes: Due diligence, inclusion in Rating of top 100 Emerging tech companies, strategic sessions with globally renowned experts, like Brett King, aimed at improving startups’ strategy, PR, sales Technical integration with synergetic service provider, to facilitate sales and commercial rollout and participation and exposure across MX100 events.

Cost of MX Hub membership ranges from $2.5k-$5k monthly.

Compare: Instead of $120k + annual costs of running a business in UAE, you’d get representative office, sales representatives and business deals, several times more cost-efficient. MxHub’s unique differentiator is geared toward supporting Top Startups the opportunity to drive valuation multiple through targeted execution and participation across the growing global Metaverse Ecosystem.

About MX Hub by Phygital:

A Custom made, first of a kind, Phygital platform, created to help startups and hi-tech companies to find investments, customers and strategic partners, help’s investors filter opportunities and make the right investment. Our creative unique physical space is supported by the Virtual twin version with multifunctional options, VIP meeting spaces and chat rooms, to meet investors/clients.

What every member of MX hub gets:
– Pilot projects with selected MX Hub residents. The result: proven technologies of MX Hub residents, offered to MENA companies for export purposes.
– An increase in the valuation of startups via the scaling mechanism of MX – Metabook Sharing economy.
– Licensing synergetic technical tools of MX Hub residents, to reach sustainable competitive advantage, and leadership position.
– Integrated Public, Government and Investor Relations.

“We start with MX Hub event, a sort of “Oscar for Emerging tech startups”, which is supposed to aggregate the global interest for MX startups,” stated Edward Musinski Managing Director of MX Hub. “MX Hub Members are contributing to Sharing economy of innovators, by paying membership and sharing profit with MX Hub ecosystem,”

Inquires: mx@mxhub.co

Source: Plato Data Intelligence: Platodata.ai

JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin

  • Acin closes Series B with consortium of industry-leading banks

Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.

The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group.

This funding will enable further strategic product development in partnership with investing banks and existing clients. Additionally, it will enable Acin to expand and accelerate into new areas across the financial services industry.

Acin’s platform empowers financial institutions to digitise their operational and non-financial risk analysis, using ground breaking data analytic capabilities. Acin has established a network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised library of risks and controls. The results revolutionise the understanding and management of firms’ operational and non-financial risk positions accelerating their journey to become safer and more efficient. Minimising operational risk capital is a shared industry ambition and Acin’s solution is a key building block.

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http://www.rns-pdf.londonstockexchange.com/rns/7475J_1-2022-12-14.pdf

About Acin
Founded in 2018, the Acin platform is the defining global operational risk network for connecting and quantifying data from the world’s largest financial institutions. Acin’s data analytic capabilities reveal gaps, duplication, and granular areas of weakness, enabling faster remediation at lower costs for completeness and optimised operations. This insight gives member firms exponentially deeper insights across their risk management landscape and against peer best practices.

Acin is making the financial services sector safer, delivering prioritisation and acceleration of value to transformation and simplification programmes, plus ongoing dynamic risk management value across all three lines of defence, enabling significant operational cost savings. Combined with substantial contributions to loss/penalty avoidance and the ability to evidence industry comparison and progress towards stated goals, reinvigorated discussions are now possible at both board and regulator level around residual risk and capital allocation.

Acin has achieved global industry recognition, including Risk.net’s OpRisk Innovation of the Year 2022 (second year in a row), Best ESG Risk Data Provider 2022, FS Tech Awards Risk Management Software of the Year 2021, and was named one of the most innovative regtech companies in 2019 and 2020.  Visit www.acin.com to learn more.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

CleverTap Appoints Samer Saad as Regional Sales Director for META Region

CleverTap, the World’s #1 Retention Cloud today announced the appointment of Samer Saad as the Regional Sales Director for its META Region and will be based out of Dubai.

Samer has over a decade of experience in building and scaling sales teams across the MEA region. He joins from Appsflyer, where he was the Regional Manager for the MEA region and has led partnership sales and agency roles across Criteo and Yahoo!. As CleverTap increases its focus into META Region, it has ensured the local presence of all sub functions that are needed locally to scale the business, and Samer will lead the mandate to scale the growth charter.

“We are all excited to have Samer onboard! With 120+ existing customers in the region, we have a robust foundation to further scale in the region. I am confident that Samer will help us embark on the next phase of our growth journey in the META region,” said Vikrant Chowdhary, Chief Growth Officer, CleverTap.

“I am thrilled to join CleverTap as it has emerged as the global leader in the retention cloud category. The SaaS industry is one of the most promising across the world, and I am looking forward to being a part of the CleverTap journey, in becoming the preferred retention cloud partner for all digital native brands in the META region,” said Samer Saad, Regional Sales Director, META, CleverTap.

About CleverTap

CleverTap is the World’s #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and life-time value. It’s the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB™ – world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

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

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

VISHAAL MUDHOLKAR
Consultant, Archetype
+91 9724309069
vishaal.mudholkar@archetype.co

Olympus to Join Government Project to Verify Dissemination of Endoscopic AI Diagnosis in Vietnam

Participating in the Ministry of Internal Affairs and Communications of Japan project to conduct a survey study for international expansion of AI diagnosis support system and education for doctors in Vietnam

Olympus Corporation (Olympus), a global medtech company committed to making people’s lives healthier, safer and more fulfilling, today announced their part in a project in cooperation with the Ministry of Internal Affairs and Communications of Japan (MIC), entitled, “Survey Study for International Expansion of Endoscopes Utilizing High-definition Imaging Technology AI Diagnosis Support System in Vietnam.”

This is the third year, after similar projects in Thailand in fiscal year 2021 and India in fiscal year 2020, that Olympus has acted as a corporate partner to investigate the effectiveness and potential dissemination of an AI diagnostic support system. As part of these projects, Olympus has researched clinical applications in collaboration with major local medical institutions. Past clinical use by doctors in India and Thailand, along with consultation with Japanese physicians, showed the effectiveness and potential for future use of EndoBRAIN-EYE and other endoscope diagnostic imaging support software.

From November 2022 to March 2023, Olympus, in collaboration with CYBERNET SYSTEMS CO., LTD., will conduct research on the effectiveness and future use of the AI diagnostic support system EndoBRAIN-EYE at Cho Ray Hospital and 108 Hospital in Vietnam. In addition, specialist lecturers and physicians from Japan’s Showa University Northern Yokohama Hospital and Shizuoka Cancer Center will provide expert guidance to doctors at major Vietnamese hospitals. They will train doctors in techniques for detecting diseases and differential diagnosis with colonoscopes using EndoBRAIN-EYE, and they will also instruct on how to train the next generation of endoscopists.

Participants in kick-off meeting
Participants in kick-off meeting

At the kick-off meeting on November 28, Ho Dang Quy Dung M.D. from Cho Ray Hospital said, “AI is a new and powerful technology making endoscpic procedure more efficient and high quality. I do think that AI will be the big breakthrough of the filed of GI endoscopy in the upcoming years. I hope we have the opportunity to work with Japanese experts in the field of AI in endoscopy.” Professor Shin’ei Kudo from Showa University Northern Yokohama Hospital also commented, “I hope this project will contribute to not only dissemination of the AI technology but also increased partnership between Vietnam and Japan, and look forward to amazing results from this exciting collaboration.”

Background of Olympus’ Participation
Cancer rates have been on the rise in recent years in Vietnam, and colorectal cancer in particular has become a significant issue. It ranks fourth among all cancer cases in men and third among all cancers in women, as well as ranking second in mortality rate among all cancers in both men and women. While the demand for endoscopic screenings, which are essential for the early detection and treatment of cancer, is expected to increase, there is a shortage of physicians with the advanced knowledge and skills required for these examinations. Olympus has joined this project to support the specialists training doctors in Vietnam, to verify the effectiveness and dissemination of AI-assisted colonoscopy, and to contribute to the development of the healthcare environment in Vietnam.

Purpose of the MIC Project
The MIC aims to realize the sustainable development goals and SDG pledges to ensure “no one will be left behind.” To this end, the MIC aims to realize a model that contributes to SDG through digitization and to disseminate and promote an SDG + ICT model domestically and overseas between both the public and private sectors. This project aims to contribute to the introduction and dissemination of Japan’s endoscopic AI diagnostic support system to Vietnam in response to the social issue of increasing cancer prevalence in Vietnam.

Project Scope:
1) Surveys on the policies in the medical, health, and hygiene sectors and the introduction of medical information and communication technology
Information will be collected from major medical institutions and external research institutions to investigate the state of dissemination of medical information systems, including endoscopy systems.

2) Verification through proof-of-concept tests
Research will be conducted on the effectiveness and future use of the AI diagnosis support system at Cho Ray Hospital and 108 Hospital in Vietnam. Physicians from Showa University Northern Yokohama Hospital and Shizuoka Cancer Center will train doctors at major Vietnamese hospitals covering processes from the detection of disease utilizing a colonoscope with an AI diagnostic support system to discriminatory diagnosis, as well as provide training in how to pass on this knowledge to other doctors. Olympus will provide equipment and training courses.

Company names and product names in this release are trademarks or registered trademarks of each company.
Products or devices presented include future technology which may be pending regional regulatory approval and are not available for sale in all regions.

About Olympus
In its Endoscopic Solutions business, Olympus uses innovative capabilities in medical technology, therapeutic intervention and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic and minimally invasive procedures to improve clinical outcomes, reduce overall costs and enhance the quality of life for patients. Starting with the world’s first gastrocamera in 1950, Olympus’ Endoscopic Solutions portfolio has grown to include endoscopes, laparoscopes, and video imaging systems, digital and integrated customer solutions, as well as solutions for infection prevention. For more information, visit www.olympus-global.com and follow our global Twitter account: @Olympus_Corp.

Media contact:
Nao Tsukamoto
Global-Public_Relations@olympus.com

Olympus Corp [TYO: 7733] [ADR: OCPNY] [GDR: OLYS] https://www.olympus-global.com