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Ai 100m global founders tiger stripes12/2/2023 ![]() It also achieved a breakeven operating result, a significant step forward in profitability terms. The business reported software licence growth of 22.3% to €41.1m during the financial year ending March 2021. The acquisition came on the heels of a period of strong expansion for Fenergo and the company subsequently revealed plans to create 100 new jobs in Dublin, growing its total headcount to around 1,000 people.įounded in 2009 by Marc Murphy, Fenergo’s SaaS platform provides solutions to the world’s largest and most complex financial institutions, helping to fight financial crime and to enhance customer journeys while being compliant every step of the way.įenergo currently helps top financial institutions including ICBC Standard Bank, Santander, Mizuho, ABN AMRO and BNP Paribas to digitally transform their end-to-end client lifecycle processes.Įarlier this year Fenergo reported a 17% increase in revenues to €91.3m and has grown gross profits by 20% to €52.1m. The revelation came after equity firms Astorg and Bridgepoint signed an agreement alongside the company’s management team to acquire the majority stake in the company in a deal reportedly valued at $600m. Enterpryzeįenergo – valued at more than $1bn – recently expressed its desire to achieve a valuation of $5bn in the coming years. We’re building the API for data privacy, starting with privacy cages - allowing software developers to process your most sensitive data in a fundamentally better, simpler and secure way.” Curran pointed out that Evervault shouldn’t be judged on the funding rounds but instead on the execution of its “grand plan” to build these “privacy cages” and deliver them to specific use cases and grow its customer base. Curran said: “There are now over 4.5bn people connected to the internet, but none of them have true data privacy. In 2019 when Curran was just 19, the company raised $3.2m in seed funding in a round led by venerable Silicon Valley venture capital firm Sequoia Capital along with Kleiner Perkins, Frontline, and SV angel along with some unnamed tech innovators and investors. The company last year raised $16m in a Series A round led by Index Ventures. "We need thousands of images just to do that phase of the project.Founded by entrepreneur Shane Curran, Evervault is creating a data privacy toolkit that developers can “bake in” into new products. "If they can share those with us, the data scientists can then develop, train and test the algorithm," she said. "They could be live tigers, dead tigers or tiger parts. "We are inviting individuals-whether they are photographers or researchers and academics-who may have images of tigers where their stripe patterns are clear," Banks said. "Tigers faced a massive population decline in the last 120 years, so we want to do everything we can to help end the trade in their parts and products, including tiger skins," Banks said.Īnyone with photographs of tigers is invited to submit them to the EIA to help bolster the AI database. ![]() Tiger skins and body parts are sought after, partly due to their use in traditional Chinese medicine.Īlso read: These polar bears can survive with less sea iceĪn estimated 4,500 tigers remain in the wild across Asia. Poaching, fuelled by consumer demand, remains a major threat to the survival of the species, according to the EIA. Once the officials know the origins of confiscated tiger skins and products, they will be able to tell whether the animal was farmed or poached from a protected area. It is hoped that the new technology will help law enforcement agencies determine where tiger skins come from and allow them to investigate the transnational networks involved in trafficking tigers. ![]() "At the moment we are doing that manually, looking at the individual stripe patterns of each new image that we get and cross-referencing it against the ones we have in our database." "When our investigators get new images, we need to scan those against the database. "We have a database of images of tigers that have been offered for sale or have been seized," Banks said. The project aims to develop and test AI technology that can analyse the tigers' stripes in order to identify them. "We can use the images to cross-reference against images of captive tigers that might have been farmed."īut a new artificial intelligence tool, being developed by The Alan Turing Institute, a centre in the UK for data science and artificial intelligence, should make life much easier for Banks and law enforcement officials. Risking their lives for little pay to guard India's forests
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