Unified Data Platform Provider iguazio Opens APAC Headquarters in Singapore

Demand for iguazio’s Hybrid Cloud and Edge Solutions Drives Continued Global Expansion

STRATA DATA CONFERENCE, Singapore, December 6th, 2017 – iguazio, the leading data platform powering continuous analytics and event-driven applications, announced today the opening of its Asia Pacific (APAC) regional headquarters in Singapore. iguazio announced Singapore-based Grab as a marquee customer in September 2017 and is rapidly growing its customers across industries including financial services, automotive, IoT and telecommunications that require real-time data processing, artificial intelligence and machine learning.

In July iguazio raised US $33 million in Series B funding from investors including Verizon Ventures [NYSE: VZ], Robert Bosch Venture Capital GmbH, the Chicago Mercantile Exchange Group, Dell Technologies Capital and leading venture capitals, bringing total funding to US $48 million. Funding from the latest round is being used for the company’s global expansion.

“We’re seeing great demand in the APAC region, which will generate a third of global revenues related to data driven applications,” said iguazio CEO Asaf Somekh. “Our APAC expansion better positions iguazio to work with innovative companies such as Grab which are driven by the growing up-take of digital technologies among consumers and businesses. We’ve chosen Singapore as our regional headquarters due to its role as a hub for innovation, opening up a variety of opportunities including cybersecurity, IoT, Smart City, financial services and telematics, making it an ideal location to accelerate iguazio’s APAC operations.”

Grab is one of several customers within a variety of industries that iguazio’s platform is enabling. iguazio provides Grab with a hybrid/multi-cloud solution through its strategic partnership with global data center giant Equinix, enabling Grab to manage a continuous stream of data that facilitates real-time matching and booking, surge pricing, optimized driver decision-making and driver effectiveness.

Somekh added, “In financial services, stock exchanges are using our platform to apply AI technologies and move to real-time detection of modern and unfamiliar methods of market manipulation such as ‘spoofing,’ which was difficult under the original rules-based system. In a similar way, banks and credit card companies can benefit from accurate, real-time detection in their fraud detection platforms, reducing missed fraud as well as false alarms that block transactions unnecessarily.”

iguazio has also built turnkey solutions to better tackle growing cybersecurity threats by developing and deploying algorithmic systems to process large amounts of data in real-time from multiple locations, boosting response time and staying ahead of attackers.

According to McKinsey, companies invested US $26-39 billion in artificial intelligence in 2016 alone, driven by billions of gigabytes of data every day and the need to gain competitive and internal process efficiencies. IDC predicts that big data solutions, crucial to the deployment of AI and machine learning initiatives, will grow to US $203 billion in 2020.

Founded in 2014, Israel-based startup iguazio simplifies data pipeline complexities while providing a turnkey solution to accelerate the development and deployment of machine learning and artificial intelligence in the enterprise, generating fresh insights in real-time. iguazio customers use its Unified Data Platform at the edge of the cloud, so their time sensitive applications process and analyze data close to sources such as IoT sensors and mobile devices, while connecting to any cloud vendor and leveraging the cloud’s elastic nature.

iguazio’s APAC headquarters in Singapore will support regional demand by offering training, sales and support to customers and partners.

Visit iguazio at the Strata Data Conference in Singapore, booth 122, December 6-7th during show hours. iguazio celebrated its Singapore expansion on December 5th with a data science leadership panel at the Alter Ego bar, showcasing speakers from Grab, Equinix, Bosch and NCS.

For media queries, please contact:
Jennifer Chien
Litmus PR
+65 9192 2402
jennifer@litmuspr.com.sg

About iguazio
iguazio is pioneering a fresh approach to the data management challenges faced by today’s enterprises. The iguazio Unified Data Platform provides a new turnkey data stack to support continuous analytics and event-driven applications. Visit www.iguazio.com or follow @iguazio to learn more about iguazio.

Case Studies
Telematics – https://www.iguazio.com/telematics/
Financial Services – https://www.iguazio.com/financial-services/
Cybersecurity – https://www.iguazio.com/cyber-security/

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A Defining Moment for Cybersecurity, for JVP, and for Israel/US Cooperation: CyberArk’s $25B Merger with Palo Alto Networks

Last week marked a moment of both pride and reflection for all of us at JVP. The announcement of CyberArk’s $25 billion acquisition by Palo Alto Networks is not just a landmark deal in the cybersecurity landscape—it’s a powerful validation of the JVP Way, our approach to company building that continues to define our firm today.

While we are no longer CyberArk shareholders, having exited our position a few years after its IPO, we were proud to have been CyberArk’s leading and largest shareholder from its early days to several years after it became a public company and its emergence as an international category leader. While I was Chairman of the company, we partnered closely with the founders during the most formative years of its journey. Back in 2011, when many investors were ready to sell the company for $120 million, JVP chose to reinvest and increased our position to 47%, buying out early shareholders, bringing in Goldman Sachs as an equity investment partner, and partnering with management to lay the foundation for a strong international expansion. That pivotal moment gave the company the opportunity to scale into a true global market leader.

CyberArk has always been ahead of the curve—pioneering insider threat protection, secrets management, machine-to-machine authentication, and most recently, preparing the world for secure Agentic-AI infrastructure. Its merger with Palo Alto Networks positions it to lead the AI era with a fully integrated, end-to-end security platform.

We invite you to revisit JVP’s unique role in CyberArk’s growth in this Forbes feature, Reuters press, and from CyberArk’s newsroom.

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