Today, Codeium, an AI-powered code acceleration platform, announced it has secured $150 million in Series C funding, raising the company’s valuation to $1.25 billion and bringing the startup to Unicorn status in less than two years from inception. The round was led by General Catalyst, with continued support from existing investors Kleiner Perkins and Greenoaks.

Every historical technological advancement has led to a steep change in developer possibility. AI is no different. Teams that leverage AI to empower their software development are going to build more, build faster and with higher quality. AI tools often promise help but fall short, offering fragmented, subpar support that complicates rather than simplifies work. Codeium breaks this pattern, delivering an AI-powered platform that transforms how developers work on complex codebases by making coding faster, smarter, and more intuitive.

“The future of coding isn’t just about writing lines of code faster—it’s about enabling developers to think bigger, push boundaries, and achieve the extraordinary,” said Varun Mohan, CEO of Codeium. “This fresh funding means we’re more equipped to help developers turn those ‘what ifs’ into ‘what’s next,’ having the freedom to innovate without limits and turn challenges into opportunities for growth.”

With actionable learnings and requests from its large and rapidly expanding set of enterprise customers, Codeium will use the fresh funds to accelerate the development of new features and products, and contribute to company headcount growth. Codeium plans to invest heavily in research and development, partnering with its customers to maximize their AI strategy, and exploring new strategic partnerships that can broaden its reach and impact.

This comes on the heels of the company’s latest launch of technological breakthroughs, including Cortex, an advanced AI-powered reasoning engine that manages complex coding tasks with exceptional precision, and Forge, an AI-assisted code review that reduces code review cycle times and improves code review culture.

“Codeium isn’t just an idea—it’s a fully scaling business with widespread enterprise adoption. Their genAI tools for software development are proving their worth in real production environments, where reliability is key,” said Quentin Clark, Managing Director of General Catalyst. “As we see it, Codeium’s customer-driven approach has led to solutions that work in any environment, IDE, or SCM, with broader language support than anyone else.”

The news comes at a pivotal time for the company and follows a period of rapid growth for Codeium. Over the past two years, the company has assembled a team of 80 professionals and grown its user base to more than 700,000 active developers. The enterprise product reached eight figures in annual recurring revenue, with ARR growing by over 500% since early 2024. Codeium now processes more than 100 billion tokens daily, and has been integrated into production workflows at companies like Zillow, Dell, and Anduril, significantly boosting productivity.

For more information and to request a demo, visit https://codeium.com/

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“I am pleased to present our annual ESG report showcasing our commitment to evolving responsibly within the technology industry,” said Paul Bay, CEO of Ingram Micro. “With the ability to reach nearly 90% of the global population, we are deeply aware of our accountability to stakeholders throughout the world. The Tenets of Our Success—Results, Courage, Integrity, Responsibility, Imagination, and Talent—provide the foundation for our long-time industry leadership and compel us to maintain high standards across a broad set of ESG issues.”

Highlights from the Ingram Micro 2023 ESG Report include:

• Earning a Platinum Medal from EcoVadis for strong ESG performance (top 1%)
• Reducing year-over-year absolute Scope 1 and Scope 2 emissions by 19%
• Reducing overall recordable incident injuries by 29%, from 1.24 in 2022 to 0.99 in 2023
• Scoring 95 out of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index
• Launching IngramMicroPlanetary Earthling Network to engage with associates around sustainability

The report, which is published in accordance with several common reporting frameworks, including GRI, SASB, TCFD, and the UN SDGs, reflects the dedicated efforts of Ingram Micro associates throughout the world to enhance ESG impact. The company also discloses through EcoVadis and CDP on specific topics and is an active member of the UN Global Compact.

Ingram Micro remains committed to fostering long-term, sustainable, and inclusive growth by advancing employee resource groups (ERGs), investing in anything-as-a-service offerings, and expanding IT asset disposition services to promote a circular economy, among many other actions. Looking ahead, the company is also focused on enhancing ESG data management and reporting capabilities as part of an expansive digital transformation and in support of the 10 to Zero initiative, through which the company intends to achieve three major operational milestones—zero greenhouse gas emissions (GHGs), zero waste, and zero days away injuries—by 2030.

The full report is available for download here, in addition to other 2023 ESG Report materials linked on this page. To learn more about IngramMicroESG, please visit our website: https://www.ingrammicro.com/en-us/discover/esg.

Ingram Micro values stakeholder feedback. Please send any questions or comments to ESG@ingrammicro.com.

Participate in the social conversation using #IngramMicroESG.

Editors: For current and historical images, visit our Press Releases page: https://www.ingrammicro.com/en-us/company/press-releases.

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Today’s TIP industry encompasses more than 20 vendors, and Frost & Sullivan selected the top 10 based on solid growth potential, rapid growth rates and commitment to innovation. Cyware is one of only three vendors to lead the report’s Innovation Index, due to its scalable innovations, thought leadership in the TIP space, and robust innovation roadmaps.

Martin Naydenov, report author and senior industry analyst with Frost & Sullivan, notes: “Cyware is one of the leading TIP providers (and) leaders on the Innovation Index, thanks to its comprehensive Cyber Fusion Center Platform that integrates TIP, SOAR, collaboration, threat detection, and generative AI capabilities called Quarterback AI. Cyware distinguishes itself with strong customer alignment, achieving 100% CSAT scores for three consecutive years and leading the industry with R&D investments, ranking in the 100th percentile.

“Intel Exchange, Cyware’s TIP solution, offers many use cases and features, including ROI Feed dashboards, TI lifecycle automation, and bi-directional data sharing and actioning. Over the years, Cyware has continuously enhanced its TIP solution. In 2023, it introduced new collaboration capabilities, enabling threat detection and intel teams to join forces and share content, such as SIEM and YARA rules and automated playbooks. In 2024, the vendor added Cyware Quarterback AI, designed to scale, optimize, and accelerate an organization’s security team’s effectiveness across their tech stack to up-level security teams,” Naydenov said.

Anuj Goel, CEO and Co-founder of Cyware, said, “The value threat intelligence provides goes beyond identifying Indicators of Compromise (IoCs), and unless organizations operationalize cyber threat intelligence (CTI), they often miss its potential to reduce risk and improve SecOps efficiency and effectiveness. Cyware’s threat-driven automation simplifies and substantially advances intelligence actioning. It breaks down the barriers between security, DevOps, and IT teams, and ensures that actionable CTI swiftly reaches the right team members who can act on it to protect the organization.”

Leveraging the right threat intelligence platform helps security operations teams get more from intel and ensure the right insights inform critical decision-making. Frost & Sullivan’s 2024 Threat Intelligence Platform Radar Report provides meaningful insights into today’s TIP landscape.

To learn why Cyware is proudly recognized as a leader in the Threat Intelligence Platform market, please download your complimentary copy here.

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Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced it was recognized as a leader in the 2024 KuppingerCole Identity Governance and Administration (IGA) Leadership Compass. Saviynt’s Identity Cloud IGA capabilities were recognized as industry-leading in all four categories: Overall, Product, Innovation, and Market. It also received the highest ratings for Security, Functionality, Deployment, Interoperability, and Usability.

“Saviynt emerges as a leader in the innovation leadership category because of their continuous investment in the emerging capabilities of IGA solutions,” said Nitish Deshpande, Research Analyst at KuppingerCole. “Saviynt’s strong lineup of IGA includes privileged access management (PAM), application access governance, External Identity and Risk Management, and data access governance through its Identity Cloud platform.”

The KuppingerCole IGA Leadership Compass highlights Saviynt’s Identity Cloud multitenant microservices architecture with shared control plane and isolated data planes that provide scalability, and at the same time offers the highest level of security. It is built on a containerized model to automatically scale up and down based on the usage of a microservice. The Identity Cloud also has a modern and user-friendly user interface (UI) dashboard that can be customized from a simplified view for line managers to more detailed views for analysts and application owners displaying different aspects of access, activity, and vulnerability risk.

The report also features the following strengths of The Identity Cloud:

• Automatically identifies and creates AI and machine learning models rather than needing admins to configure or tune these models.
• Dedicated tool for persona-based activity monitoring.
• Rich set of connectors provided through its establish options.
• Supports out-of-the-box reports for all major compliance frameworks.
• Extensive list of authenticators supported for admin and user self service.
• Access certifications driven by AI and machine learning.
• Supports out-of-the box integrations to the majority of the third-party tools.
• Global partner ecosystem that allows it to support customers from all verticals.

“Strong IGA programs are mission critical for any organization to protect critical data,” said Jeff Margolies, Chief Product and Strategy Officer at Saviynt. “Saviynt’s Identity Cloud is intelligent, flexible and extensible with the ability to govern all identities: internal, external, human, and machine. The Identity Cloud meets the needs of organizations looking to modernize their identity security programs. It is an honor to be recognized as one of the top IGA providers when evaluated against the global IGA vendor market.”

The KuppingerCole IGA Leadership Compass provides an overview of the IGA market and a compass to help organizations find a solution that best meets their needs. It examines solutions that provide both identity lifecycle management and access governance capabilities. Each solution has been assessed based on certain defined required core capabilities that can support organizations in activities such as provisioning, management of entitlements, configuration, and enforcement of policies, access certifications, access reviews, and user self-service among others. The report provides an assessment of the capabilities of these solutions to meet the needs of all organizations to monitor, assess and manage these risks.

To learn more about Saviynt’s leadership within KuppingerCole’s IGA Leadership Compass, please view the report here.

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Innovaccer Inc., a leading provider of healthcare AI solutions and a member of Oracle Partner Network (OPN), today announced that its Provider Copilot is available on the Oracle Healthcare Marketplace and can be deployed on Oracle Cloud Infrastructure (OCI). The Oracle Healthcare Marketplace is a centralized repository of healthcare applications offered by Oracle and Oracle partners.

The deployment empowers healthcare providers to transfer AI-generated clinical notes into the patient record and address quality and coding gaps to improve care delivery. The Innovaccer Provider Copilot acts as a point-of-care assistant that helps reduce manual administrative work for healthcare providers:

• Transcribes, analyzes, and generates clinical notes of the conversations between healthcare providers and patients.
• Suggests potential diagnoses to consider based on the clinical notes, as well as select health data available in the Innovaccer healthcare data platform.
• Summarizes the patient record prior to the patient visit, ensuring quick review with appropriate clinical context.
• Flags quality and documentation gaps for providers participating in value-based care programs improving care delivery and more appropriate coding.
• Overlays insights directly on the Cerner EHR with zero click activation.

The Innovaccer Provider Copilot improves the overall provider experience by reducing the administrative burden of clinical documentation. The solution enables healthcare providers to capture essential information during patient encounters, allowing them to prioritize their patients. Providers on the Oracle Cloud can access and benefit from the transformative power of AI at the point of care through its marketplace listing.

Oracle Healthcare Marketplace is a one-stop shop for Oracle customers seeking trusted healthcare applications. It offers unique clinical and business solutions that extend Oracle Health and Oracle Cloud Applications.

“Our Provider Copilot allows providers to spend more time with their patients by automating their clinical documentation workflows. Quality care takes time – time that shouldn’t be spent on administrative tasks. By reducing the burden of documentation and allowing patients to spend more quality time with their patients, we are helping providers rediscover the joy of care,” said Abhinav Shashank, cofounder and CEO of Innovaccer. “Innovaccer’s participation in the Oracle Healthcare Marketplace further extends our commitment to the Oracle community and enables customers to reap the benefits of the Provider Copilot in their native EHR workflow. We look forward to leveraging the power of the Oracle Cloud and Oracle Health technologies to help us achieve our business goals.”

Innovaccer’s AI-powered Provider Copilot is also available on athenahealth’s Marketplace, further validating our dedication to improving healthcare delivery through advanced technology.

To learn more about the Innovaccer Provider Copilot and its capabilities, visit the Innovaccer product listing on the Oracle Healthcare Marketplace. For details and support on implementation, please reach out to the Innovaccer support team.

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“This internationally-recognized certification from CSA reaffirms CyberArk’s cloud security commitment to organizations across the world,” said Clarence Hinton, chief strategy officer at CyberArk. “CyberArk innovation goes beyond just-in-time access, offering zero standing privileges capabilities for multi-cloud environments. The identity security platform streamlines and safeguards workforce and high-risk user access, like developers, locks down endpoint privileges and protects human and machine credentials in all environments.”

CSA is the world’s leading organization focused on defining and raising awareness about best practices to ensure a secure cloud computing environment. Organizations across the globe recognize the increasing urgency around securing their multi-cloud environments as well as the cloud-based solutions they consume. In a dynamic, AI-powered threat landscape, the Trusted Cloud Provider trustmark is a mark of CyberArk’s identity security leadership and our mission to enable customers to stay ahead of well-funded, innovative cyberattackers by rethinking and modernizing the way in which we secure all identities, both human and machine, with intelligent privilege controls.

“Attaining the CSA Trusted Cloud Provider trustmark is a major accomplishment, showcasing an organization’s commitment to upholding the highest standards in cloud security,” said Jim Reavis, co-founder and CEO of the Cloud Security Alliance. “CyberArk not only meets these stringent requirements but surpasses them, helping customers secure increasingly complex cloud environments.”

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The financing was led by Polaris Partners and managing partner Amy Schulman, who will join the board of directors, with participation from new investors Khosla Ventures, Wittington Ventures and Breakout Ventures. The round was supported by all existing investors DCVC, Zetta Venture Partners, Catalio Capital Management, 11.2 Capital, Epic Ventures, Intermountain Ventures and North South Ventures. The round also included AI funds ApSTAT Technologies, Linearis Labs and Ventures Fund, supported by leading AI expert Yoshua Bengio and metabolomic expert David Wishart, Element AI co-founder Jean-Francois Gagne, and current and former Recursion executives.

Funds from the Series A financing will be used to expand Noetik’s spatial omics-based atlas of human cancer biology (already one of the world’s largest) together with its high throughput in vivo CRISPR Perturb-Map platform. Additionally, the investment will enable the company to scale training of its multi-modal cancer foundation models such as OCTO. The company will leverage these platform capabilities to advance an innovative pipeline of cancer therapeutics candidates to the clinic.

“We are thrilled to have the support of incredible investors who share our vision of combining deep patient data and artificial intelligence to build the future of cancer therapeutics. This significant financing will enable us to accelerate our progress toward turning biological insights into a portfolio of therapeutic candidates” said Ron Alfa, M.D., Ph.D., CEO & Co-Founder, Noetik.

Noetik was founded to solve critically important challenges in bringing effective new therapeutics to patients: improving target discovery and biomarker development to increase the probability of clinical success. To address these, the company has built a discovery and development platform that pairs human multimodal spatial omics data purpose-built for machine learning with a massively multiplexed in vivo CRISPR perturbation platform (Perturb-Map). Together these data are used to train self-supervised foundation models of tissue and tumor biology that power the company’s discovery efforts.

“We are excited to partner with Noetik and support their mission to build a pipeline of potentially transformative cancer programs,” said Amy Schulman, Managing Partner, Polaris Partners. “We have been investing in the most innovative life science technologies for decades and have been excited about the potential of AI. Noetik impressed us both with the sophistication of their platform and the team’s dedication to make an impact for patients.”

The company aims to establish strategic partnerships and collaborations with leading academic institutions, health care providers, and pharmaceutical companies. The company recently appointed Shafique Virani, M.D. as the company’s Chief Business Officer to spearhead these partnering efforts.

“We are thrilled to continue backing Noetik. The team’s speed of execution in building one of the most sophisticated AI-enabled oncology discovery engines in less than two years is unprecedented, and their deep experience and demonstrable progress have only strengthened our conviction,” said James Hardiman, General Partner, DCVC.

Noetik is committed to advancing the field of precision oncology and improving outcomes for cancer patients worldwide. This Series A funding marks a significant milestone in the company’s journey and reinforces its position as a leader in the development of AI-driven cancer therapies.

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“By partnering with MosaicVoice, we are combining the best in AI-driven engagement with our expertise in healthcare to deliver more effective and efficient care,” said Brianna Brennan, Chief Innovation Officer at Ontrak Health. “This collaboration promotes a scalable and elevated patient experience that is intended to improve health outcomes. Incorporating this technology into our ecosystem further enables consistent delivery of our evidence-based model built upon the Comprehensive Healthcare Integration (CHI) framework.”

MosaicVoice’s AI technology offers real-time, dynamic guidance and conversation analysis, helping care teams maintain meaningful and compliant patient interactions. The solution actively listens to conversations, ensures adherence to care delivery protocols, and guides care teams with prompts that enhance patient engagement. This technology can detect patient sentiment, surface care opportunities, and provide immediate feedback to support care providers.

The partnership will leverage MosaicVoice’s advanced features, including:

• Real-Time, Dynamic AI Guidance: Ensures all patient interactions are compliant and on-message while allowing personalized rapport building.
• Post-Call Quality Assurance Automation: Uses AI to score 100% of interactions, identify care drivers, and automate call summaries, allowing care teams to focus on critical patient needs.
• Performance Insights and Reporting: Offers customizable reporting to track engagement metrics, identify trends, and optimize care delivery based on real-time data.

“Combining our AI-driven voice solutions with Ontrak Health’s comprehensive behavioral health program platform will set a new standard for patient engagement,” said Julian McCarty, CEO of MosaicVoice. “Together, we’re driving a more proactive, responsive, and efficient approach to healthcare.”

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As it continues to rapidly accelerate growth in the market, Oligo Security, the leading runtime application security and observability platform, today announced the appointment of Mike O’Malley as Chief Marketing Officer (CMO).

O’Malley brings more than 2 decades of experience in marketing, go-to-market, and community building to Oligo Security. He has a proven track record of successfully launching innovative new products in emerging markets, scaling global demand engines, and driving business strategy through multiple stages of substantial growth.

O’Malley most recently served as CMO of Noname Security, which was acquired by Akamai in June of 2024. He has also held leadership roles at CyberArk, 128 Technology (acquired by Juniper), EMC, Acme Packet, and VMware.

“Mike brings expertise and demonstrated success across the marketing and go-to-market disciplines, as well as a deep understanding of the cybersecurity market – all of which will be critical as we take Oligo through its next stages of accelerated growth,” said Nadav Czerninski, CEO and Co-Founder at Oligo Security. “Mike’s addition to the team is a critical one as we continue to redefine application security with Oligo’s novel approach to our application detection and response platform and deliver significant results to our customers.”

“I’m thrilled to be joining the team at Oligo, and help take a truly disruptive solution to market, as well as contribute to an already fantastic culture at the company,” said Mike O’Malley, Oligo CMO. “I truly believe this is going to be an industry-changing company, and one that customers will look to as a major driver of value for their cybersecurity teams.”

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A new survey from intelligent automation company ABBYY finds that fear of missing out (FOMO) plays a big factor in artificial intelligence (AI) investment, with 63% of global IT leaders reporting they are worried their company will be left behind if they don’t use it.

With fears of being left behind so prevalent, it is no surprise that IT decision makers from the US, UK, France, Germany, Singapore, and Australia reported that average investment in AI exceeded $879,000 in the last year despite a third (33%) of business leaders having concerns about implementation costs. Almost all (96%) respondents in the ABBYY State of Intelligent Automation Report: AI Trust Barometer said they also plan to increase investment in AI in the next year, although Gartner predicts that by 2025, growth in 90% of enterprise deployments of GenAI will slow as costs exceed value.

Furthermore, over half (55%) of business leaders admitted that another key driver for use of AI was pressure from customers.

Surprisingly, the survey revealed another fear for IT leaders implementing AI was misuse by their own staff (35%). This came ahead of concerns about costs (33%), AI hallucinations and lack of expertise (both 32%), and even compliance risk (29%).

Overall, respondents reported an overwhelmingly high level of trust in AI tools (84%). The most trustworthy according to decision makers were small language models (SLMs) or purpose-built AI (90%). More than half (54%) said they were already using purpose-built AI tools, such as intelligent document processing (IDP).

Maxime Vermeir, Senior Director of AI Strategy at ABBYY, commented, “It’s no surprise to me that organizations have more trust in small language models due to the tendency of LLMs to hallucinate and provide inaccurate and possibly harmful outcomes. We’re seeing more business leaders moving to SLMs to better address their specific business needs, enabling more trustworthy results.”

When asked about trust and ethical use of AI, an overwhelming majority (91%) of respondents are confident their company is following all government regulations. Yet only 56% say they have their own trustworthy AI policies, while 43% are seeking guidance from a consultant or non-profit. Half (50%) said they would feel more confident knowing their company had a responsible AI policy, while having software tools that can detect and monitor AI compliance was also cited as a confidence booster (48%).

On a regional basis, levels of trust were highest among US respondents, with 87% saying they trust AI; Singapore came next at 86% followed by the UK and Australia, both 85%, then Germany at 83%. Lagging was France, with just 77% of respondents indicating they trust AI.

The ABBYY State of Intelligent Automation Report gauged the level of trust and adoption of AI technologies across 1,200 IT decision makers in the UK, US, France, Germany, Australia and Singapore. The study was carried out June 3-12, 2024. Download the full report for additional details at https://digital.abbyy.com/state-of-intelligent-automation-ai-trust-barometer-2024-report-download.

The results of the AI Trust Barometer survey and other topics about the impact of AI-powered automation will be discussed during Intelligent Automation Month; register today at https://www.abbyy.com/intelligent-automation-month/.

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