iTWire Update – Australian Owned and Operated

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Hi John,


AI-based cyber risk management SaaS platforms provider Safe Security has announced the close of a $50 million Series B round led by Sorenson Capital, with participation from Telstra Ventures, Eight Roads, venture capital arm of Fidelity Investments WTI, and all existing investors.

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Work operating system provider monday.com is preparing to beta test the monday AI Assistant that will provide platform users with additional functionality as well as providing an opportunity to build third-party AI apps and sell them through the monday.com apps marketplace.

Operators will lose US$1.3 billion to undetected flash calls between 2023 to 2027, according to a forecast report by Juniper Research.

Telecommunications provider Optus has introduced a new in-call voice assistant to make engagement easier for customers.

Storage vendor Seagate Technologies has agreed to pay a fine of US$300 million (A$447.3 million) to settle a charge brought against it by the US Department of Commerce of shipping hard drives valued at US$1.1 billion to Chinese telecommunications equipment vendor Huawei Technologies.

And as always there's plenty more today, so for all the news please visit www.itwire.com.

Josh Martinez, newsletter editor, iTWire

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