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Aerospike Q2 2021 Is Best Quarter in Company’s History

Widespread Demand for Petabyte Scale, Multi-cloud AI and ML Applications Drives Momentum for Aerospike Real-time Data Platform

HONG KONG SAR – Media OutReach – 30 August 2021 – Aerospike Inc. today announced that Q2 2021 was the best quarter in the company’s history. Quarterly bookings increased 100% in Q2 2021 over Q2 2020 as more organizations around the globe selected or expanded their use of the Aerospike Real-time Data Platform. Additionally, the company has seen tremendous growth in the APAC region, showing the growing demand for the company’s platform. Aerospike’s revenues and customers have doubled in the Asia Pacific area over the last two years as businesses seek a competitive edge through data-rich digital transformation innovations.

 

The Aerospike Real-time Data Platform lets organizations act in real time across billions of transactions while dramatically reducing server footprint. Applications built on Aerospike reap big rewards for enterprises, delivering a three-year return on investment (ROI) between 446% and 574%, per a Forrester Consulting Projected Total Impact™ study.

 

“Legacy NoSQL databases have failed to scale to meet the new speed, scale and cost dynamics of the market. Digital transformation demands modern, multi-cloud applications with predictable, sub-millisecond performance beyond petabyte scale,” said John Dillon, CEO, Aerospike. “Our customers continue to lead and transform their respective industries by leveraging the Aerospike Real-time Data Platform as a competitive advantage for mission-critical digital applications and customer experiences.”

 

To meet the growing demand in the APAC region, Aerospike announced three new appointments recently, who will be reporting to Aveekshith Bushan, Regional Director and General Manager – APAC, Aerospike.

 

Aerospike has appointed Hyde Woo as Country Manager for Greater China.  Hyde comes from Forrester Research with a great understanding of the market and trends in the China and Hong Kong regions. As Country Manager, he will drive the growth for Aerospike by helping organizations in re-imagining their “real-time” innovation, creating greater values, and contributing to the development of the Greater China digital economy.

 

Furthermore, the company appointed Avik Baishya as the Strategic Account Manager, Asia. He is a seasoned Sales professional with fourteen years of Enterprise Sales Experience in Technology. Avik has moved from Redis Labs and will be Managing Strategic Customers within Asia, in his new role at Aerospike.

 

Continuing its focus on regional growth, Aerospike has also recruited a Principal Solutions Architect, Vikranth Dharamshi, from Couchbase. Overall, Aerospike is applicable across industries, particularly in use cases with a continually rising customer base or application requirements. This is especially true in a highly competitive yet rapidly rising market like the APAC region, where customer experience is critical to one’s ability to retain a customer and to grow the user base.

 

Airtel, McAfee, PhonePe, Snapdeal, Ola, Dream11, Gaana, InMobi, BigBasket Experian, PayPal, Snap, The Trade Desk, Verizon Media and Wayfair, rely on Aerospike as their data foundation for real-time applications that instantly fight fraud, dramatically increase shopping cart size, protect companies from cyberattacks, and scale payment networks.

 

About Aerospike

The Aerospike Real-time Data Platform enables organizations to act instantly across billions of transactions while reducing server footprint by up to 80%. The Aerospike multi-cloud platform powers real-time applications with predictable sub-millisecond performance up to petabyte scale with five-nines uptime with globally distributed, strongly consistent data. Applications built on the Aerospike Real-time Data Platform fight fraud, provide recommendations that dramatically increase shopping cart size, enable global digital payments, and deliver hyper-personalized user experiences to tens of millions of customers. Customers such as Airtel, Experian, Nielsen, PayPal, Snap, Verizon Media and Wayfair rely on Aerospike as their data foundation for the future. Headquartered in Mountain View, California, the company also has offices in London, Bangalore and Tel Aviv.

For more information, please visit https://www.aerospike.com

#Aerospike

South Korean Foreign Minister Visits Laos

Sout Korean Foreign Minister Chung Eui-yong poses with Lao Minister of Foreign Affairs Saleumxay Kommasith (Photo: Yonhap)
Sout Korean Foreign Minister Chung Eui-yong poses with Lao Minister of Foreign Affairs Saleumxay Kommasith (Photo: Yonhap)

South Korea and Laos have discussed ways to strengthen cooperation and expand investment during a visit to Laos by Korean Foreign Minister Chung Eui-yong.

Laos Confirms 155 New Cases of Covid-19, Two Deaths

Savannakhet Covid-19 Update

Laos has confirmed 155 new cases of Covid-19 and two new deaths, bringing the total number of cases to 14,846.

J&C Insurance Brokers Recognized At Insurance Asia Awards 2021 As Broker Of The Year – Laos

J&C Insurance Brokers Recognized At Insurance Asia Awards 2021 As Broker Of The Year – Laos
J&C Insurance Brokers Recognized At Insurance Asia Awards 2021 As Broker Of The Year – Laos

J&C Insurance Brokers has been recognized as Broker of the Year in Laos at the Insurance Asia Awards 2021.

Insurance Asia honours the most exceptional companies putting out solutions and delivering outstanding value to its stakeholders as it awarded over 100 insurance companies from 24 countries at the sixth Insurance Asia Awards.

“We are honored to be recognized again as the Best Domestic Broker in Laos at the Insurance Asia Awards 2021. Proud and humbled by this recognition, we are excited to continue providing best-in-class services for our customers. A big thank you as we celebrate this success with you!”, says Fabrice Decico, Director of J&C Insurance Brokers.

“It is a testament of all the hard work that has been put in by our insurance team over the years and it is going to further enhance the team’s motivation and efforts in providing the best products & most professional service to our clients” adds Stephan Aeschbach, President of J&C Group.

The award winners were announced on the 16th August and the event was held via digital presentations. For Laos, two companies were honoured, Prudential Life Assurance (Lao) – Domestic Life Insurer of the Year and J&C Insurance Brokers – Domestic Broker of the Year.

Contact J&C Insurance Brokers at insurance@jclao.com or visit https://jclaoinsurance.com/

See all the award winners here: link here

Picture: Stephan Aeschbach, President J&C Group, congratulates Fabrice Decico, Director and Arinya Phonseya, Office Manager, J&C Insurance Brokers

Myanmar Workers Return From Laos Infected with Covid-19

Myanmar Workers Return to Myanmar

Some 2,132 migrant workers returning from the Golden Triangle Special Economic Zone (SEZ) in Laos have been repatriated, with a small number testing positive for Covid-19.

Man Fatally Shot Inside Car in Vientiane Capital’s Saysettha District

Man found shot dead inside car in Vientiane
The car found near Jimmy Restaurant with several bullet holes.

A man was shot dead in his car in Nongnieng Village, Saysettha District, Vientiane Capital yesterday.

Experience World’s First-Ever Virtual Walk-Through of UNESCO World Heritage Site, Machu Picchu

Cityneon’s First Foray into Artefacts IP Exhibition – Machu Picchu and the Golden Empires of Peru Brings the Ancient Andean Civilization Back to Life

SINGAPORE – Media OutReach – 30 August 2021 – This October, visitors to the world’s premiere of the Machu Picchu and the Golden Empires of Peru exhibition in Boca Raton, South Florida are set to be wowed, as they immerse themselves in the awe of the historic sanctuary of Machu Picchu and embark on a fascinating journey with the ancient civilizations of Peru through a full-motion 360-degree all-round interactive Virtual Reality (VR) experience like never before. The early access online ticket portal is now open to the public at BocaMuseum.org/Golden.

Machu Picchu and the Golden Empires of Peru

With the exclusive approval granted by the Peruvian Government to fly drones through the magnificent site of Machu Picchu, Cityneon leveraged on the team’s state-of-the-art Unmanned Aerial Vehicle (UAV) technology to capture the best-in-class cinematic and visual assets of the invaluable UNESCO World Heritage Site, to create an immersive experience consisting of outstanding virtual reality, sophisticated augmented reality system and in-person interaction elements.

To preserve this invaluable historical site, less than 1 million travellers are allowed entry into Machu Picchu every year. With the recent global pandemic situation, the need for social distancing and other measures, this number has further dipped to 250,000.


Machu Picchu and the Golden Empires of Peru
aims to bring this rare UNESCO World Heritage site to people from all over the world virtually. This one-of-its-kind exhibition will showcase the first-ever virtual walk-through of Machu Picchu through the utilization of globally-acclaimed patented VR motion chairs fully equipped with premium multi-sensory stimulation features such as high-resolution six degrees of freedom (6-DOF) VR headsets, haptic feedback on the backseats, scent dispensers and unlimited 360-degree rotation, allowing visitors to travel back time to see, hear, feel and even smell the mysterious city in the sky. Visitors will journey through the vast expanse of Andean history alongside the mythical hero Ai Apaec, to discover the mysteries of Andean cosmology.

Besides the unique VR experience, the exhibition also features the largest Andean gold collection ever to travel the world. This new museum experience highlights a selection of 192 artefacts from royal tombs, including objects that belonged to noble Andean lords, many never seen out of Peru before.

One of the exhibition’s highlights is a fully intact gold attire of a Chimú Emperor that dates to 1300 AD. With their longevity and engineering only rivalled by the Ancient Egypt and the Roman Empire, the Andean societies dominated a substantial segment of South America for over 3,000 years straight through the reign of the Incan Empire.

Cityneon’s Executive Chairman & Group CEO Mr. Ron Tan said, “It’s enthralling for Cityneon to have the opportunity to present to new audiences these remarkable pieces of rare Andean artefacts. Cityneon’s strong track record of staging immersive experiences globally with record-breaking visitor numbers reflects our strength in delivering high-quality experiences to visitors from around the world. Through this once-in-a-lifetime exhibition, visitors will have the opportunity to come face-to-face with history in a way that has never been done before. With this exhibition, visitors can personally feel the magnificence of Machu Picchu like they are physically there, while exploring the ancient cultures who lived in this city 7,000 feet above sea level in the Andes Mountains.”

“Machu Picchu and the Golden Empires of Peru is an impressive and extensive exhibition that showcases the limitless potential of VR technology,” said Mr. Anthony Tann, President of World Heritage Exhibitions. “There are hundreds of ancient artefacts to admire, and I am excited to welcome visitors to experience this monumental period of human history through the lens of virtual reality. This exhibition was put together by many talented individuals and excellent technology, and I am certain it will be a memorable and enchanting experience for many to enjoy.”

In alignment to Cityneon’s corporate philosophy of “Big Ideas, Bigger Experiences”, the global experience entertainment company has put together an award-winning team behind this multi-million-dollar exhibition with one goal – to push limits and break boundaries to create the most immersive, breath-taking and realistic experience for audiences worldwide.

Cityneon currently partners with foreign governments, world-renowned museums, heritage organizations and major movie studios to hold exclusive IP exhibitions, creating iconic experiences for their visitors from all over the world. To date, the Group has toured their IP experiences in excess of 50 cities worldwide.


Machu Picchu and the Golden Empires of Peru
is Cityneon’s first artefact IP exhibition, and is made possible with the support of the Ministry of Culture and the Peruvian Government, and through a close collaboration with its valued partners, the Museo Larco and Inkaterra Asociación, the World Heritage Exhibitions and the Boca Rotan Museum of Art.

MACHU PICCHU AND THE GOLDEN EMPIRES OF PERU EXHIBITION WORLD TOUR
World Premier Venue:  Boca Raton Museum of Art, Florida
Date: 16 October 2021
Online Ticket Portal:  
https://bocamuseum.org/golden

Cityneon Holdings

With its global reach and international partnerships, Cityneon has the capability to serve its clients anywhere in the world. Cityneon was listed on the Mainboard of the Singapore Stock Exchange since 2005, and was privatized on February 2019 by West Knighton Limited, a company wholly owned by Cityneon’s Executive Chairman and Group CEO, Ron Tan, together with Hong Kong veteran entrepreneur and investor, Johnson Ko Chun Shun. Johnson is a capital markets veteran and has held controlling interests and directorships in many listed companies. In May 2019, Cityneon welcomed CITIC Capital as a new shareholder, who holds approximately 9% shares in Cityneon. CITIC Capital is part of CITIC Group, one of China’s largest conglomerates, and has over US$29B of assets under its management across 100 funds and investment products globally. Other institutional shareholders of the Group include EDBI – a Singapore government-linked global investor, and Pavilion Capital – a Singapore-based investment institution which focuses on private equity investments, that made strategic investments to the Group in August and October 2019 respectively. In April 2021, Cityneon welcomed new investors Seatown Holdings International, Qatar’s Doha Venture Capital, which will now own approximately 4% of the Group, and other financial institutions and family offices, joining the already strong stable of shareholders to support the Group’s further expansion globally. For more information, please visit www.cityneongroup.com.

About World Heritage Exhibitions

World Heritage Exhibitions (WHE) is a worldwide leader in producing, promoting, and designing blockbuster exhibitions. WHE is renowned for producing the finest quality museum content that captivates, educates, and inspires visitors across the globe. With a combined 50-years of exhibition experience, the executive team is responsible for touring many of the world’s most valuable treasures, including objects from King Tutankhamun’s tomb, relics from Cleopatra’s Royal Palace, artifacts from the Titanic, items from the discovery of Pompeii, and more. Their exhibitions have now been enjoyed by over 30 million people, spanning six continents, and their collective expertise has come together in one of the most influential touring exhibition companies on the planet.

#Cityneon #World Heritage Exhibitions #WHE

OneDegree Completes Series B1 Funding Round in Major Step to Become Asia’s InsurTech Leader

HONG KONG SAR – Media OutReach – 30 August 2021 – OneDegree, one of Asia’s fastest growing InsurTech companies, today announces that it has raised USD28 million in a Series B1 funding round, as it accelerates to be the next-generation InsurTech leader in the region.

 

The latest round brings the total funds raised by OneDegree to date to over USD70 million, demonstrating investors’ strong reception to the growth delivered by the Group since its previous funding round. The new funds will be used for OneDegree’s investment in new technology, product development and expansion across both Business to Consumer (B2C) and Business to Business (B2B) segments.

 

To complement its expansion in Asia, the Group plans to double its headcount to 300 over the next 12 months. At the same time, it is deepening its strategic partnerships in Asia Pacific and Europe, with the aim of becoming a global InsurTech business with presence in five continents within the next five years.

 

“OneDegree has been going from strength to strength. This latest funding round is a testament to our achievement and a vote of confidence from both our existing and new investors,” said Alvin Kwock, Co-founder of OneDegree. “Our ambition is to grow OneDegree Hong Kong into a top three general insurance providers in Hong Kong by 2025 and bring our proven consumer products to key markets across Asia.”

 

Alex Leung, Co-founder of OneDegree, said: “With our IXT technology solutions, OneDegree is already embarking on its plans to be a leading B2B technology player in the global insurance space. We see increasing demands for IXT, as more and more insurance ecosystem participants are partnering with OneDegree Global to leverage the power of our technology solutions to generate sales growth and deliver business results. The reach of OneDegree’s technology is global, bringing positive impact to insurance businesses and end customers.”

 

This Series B1 funding round includes participation from new investors, including the direct investment unit of Sun Hung Kai & Co. and AEF Greater Bay Area Fund, along with six existing investors.

 

Lincoln Yeh, Co-Head of Private Equity at Sun Hung Kai & Co. said: “The OneDegree team impressed us with the thoughtfulness behind their multi-line product roadmap, as well as their modular, enterprise SaaS offering. We believe that with the founding team’s deep expertise across insurance and technology, OneDegree is well-positioned to become a leading virtual insurer for markets across Asia. We are excited to partner with OneDegree as part of Sun Hung Kai & Co’s direct investments strategy.”

 

“We have been tracking OneDegree since its Series A Round, when Alibaba Hong Kong Entrepreneurs Fund (AEF) first invested. Since then, we have been impressed by how OneDegree is delivering on its business growth. As OneDegree further expands in Asia, it makes perfect sense for us to select OneDegree as one of the first investments for the AEF Greater Bay Area Fund”, said Chibo Tang, managing partner of Gobi Partners, the general partner of the AEF Greater Bay Area Fund.

About OneDegree

OneDegree (“the Group”) was established in 2016 to accelerate technoloigcal innovations in the insurance industry and to make insurance more accessible to everyone. The Group has operations in Hong Kong, Taipei, Shenzhen and Singapore.

Its subsidiary OneDegree Hong Kong received a virtual insurer licence from the Hong Kong Insurance Authority in April 2020. It has a multi-line digital insurance business that offers protection for pet, e-commerce, and home for individuals and businesses. The other subsidiary, OneDegree Global, is a provider of modern insurance technology solutions, which have been well-received in the industry and are adopted by leading insurers in Asia seeking to accelerate digital transformation.

OneDegree has raised over USD70 million to date, with BitRock Capital, Sun Hung Kai & Co., AEF Greater Bay Area Fund, Cyberport Macro Fund, and Cathay Venture among its investors.

Notes to Editors

OneDegree Business Update

B2B – highly scalable tech solutions for insurers and enterprise-grade cybersecurity solutions

  • OneDegree Global’s (ODG) technology solutions IXT and its modular solutions are already implemented by leading global insurers since the launch in Q3 2020. In addition, ODG has developed enterprise-grade Cymetrics cybersecurity solutions that are adopted by financial institutions, health tech and other enterprises in Asia.
  • The ODG technology solutions have significantly accelerated enterprise customers’ product innovations, enabling them to break-through existing system constraints, enhance operational agility and quicken new product time-to-market.

B2C – product innovation with strong market fit for consumers, demonstrated by strong customer engagement

  • Within the first year of launch, OneDegree Hong Kong (ODHK) has become a multi-line insurer with a growing portfolio across pet, home and e-commerce and it has quickly achieved market leading position in pet and e-commerce insurance.
  • ODHK recorded an average of 35% monthly sales growth and its strong product-market fit is demonstrated by over 90,000 paid customers to date (we believe this is the highest among the four virtual insurers in the market) and strong customer satisfaction and engagement, with over 90% of customers renewing their policies.
  • For its new initiatives, ODHK will be launching digital asset insurance, a bundled insurance and technology offering for digital asset service providers, together with the Cymetrics cybersecurity solutions. ODHK also has plans to launch its health and wellness products in Q4 2021 and other general insurance products in 2022.

#OneDegree