Cyber Security Agency of Singapore invests in Group-IB
The story: Singapore-based threat hunting and intelligence company, Group-IB, has received a grant under the Cyber Security Agency of Singapore’s Cybersecurity Industry Call for Innovation, powered by TNB Ventures.
The plans: To complete the development of its AI-driven cyber investigation solution uncovering hidden connections to dismantle cybercriminal underworld.
What is Group-IB?
Its solution addresses critical cybersecurity challenges in detecting and predicting cyber threats from a myriad of sources, including discussions in the DarkWeb, correlating them with threat actors to establish their alleged identities.
It is intended to help law enforcement (LE) officers, police cybercrime investigators, threat intelligence and DFIR specialists as well as SOC analysts.
The solution will speed up cybercrime investigation process, shorten the time for assessing the severity of cyber threats, and will allow the prevention at early stages.
Japan’s giftee invests in AdEasy
The story: AdEasy, an online marketplace for buying offline advertisement space, has received funding from Giftee Malaysia, a subsidiary of Japan’s eGift service provider giftee.
This round of funding is on top of the over US$455,000 raised in two previous rounds of crowdfunding, and angel investment.
Plans: To enhance the AdEasy platform, and continue the implementation of advanced campaign tracking and measurement for advertisers.
The mutual benefits: AdEasy’s network of advertisers and technology solutions provide a platform for giftee’s expansion into the region.
The e-gift system fits well within the AdEasy platform and provides businesses with more opportunities to engage and acquire new customers through eGifts.
Wellcure secures seed funding
The story: India-based Nearbuy.com founder Sumeet Kapur’s new venture Wellcure has raised US$200,000 from Inflection Point Ventures.
What is Wellcure?
Wellcure is a health-tech platform aiming to democratise natural healing. It caters to all health and wellness needs — physical and mental
It claims to have a user base of close to 100,000 and aspires to reach one million by the next year.
It has the ability to specifically cater to the needs of the customers by offering curated content along with the practical feasibility of offering recipes, e-books, online guided programmes, and live events.
Aqilliz, MyRepublic create blockchain-based loyalty programme
The story: Aqilliz, a technology company that specialises in blockchain-powered solutions for digital marketing, has launched a loyalty programme, in partnership Singapore telco MyRepublic.
Titles MyRewards, the programme application was developed as part of the IMDA Blockchain Challenge which looks to explore the applications of blockchain to drive greater operational efficiency and business model innovation in the telecommunications sector.
The benefits:
As part of the pilot programme, post-paid MyRepublic subscribers received an invitation to download the MyRewards mobile app. From February to April 2020, MyRepublic customers could earn points based on their monthly bill which could be redeemed at any of the company’s 19 retail outlets islandwide through an in-app QR code system.
In addition, MyRepublic users also had the option of earning points by connecting to over 20,000 Wireless@SG hotspots islandwide at locations including shopping centres, libraries, community centres, and other public venues. MyRewards points could then be spent on in-app purchases for retail vouchers and other branded offers, rewarding consumers for their participation.
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