Awake Security CEO Jumped Ship at Cylance to Build a New Unicorn
Rahul Kashyap joins Awake from endpoint security company Cylance and says while endpoint has seen all the action over the past couple of years, “the network is where the opportunity lies.”
The platform uses technology from Multapplied that is used in a white label form by Comcast, Rogers Communications in Canada, and Fusion Broadband in Australia.
Its push into IoT is undoubtedly initiated by ARM’s parent company SoftBank, which is investing billions in technologies including IoT through its SoftBank Vision Fund.
The company also scored a $140 million digital banking deal with Thai bank Krungsri.
Software AG recently released a digital twin framework based on its management and monitoring platform. But according to Gartner VP Marc Halpern while digital twin technology is at peak hype, it still has a while to go.
That swing was attributed to the impact of being banned from purchasing U.S. components and $1.4 billion in total fines ZTE agreed to pay to the U.S. government to lift the ban.
The announcement comes just days after Nokia CEO Rajeev Suri admitted the company lost some of its Verizon business in certain markets. 