Connect with us

Tech News

Huspy Secures Investment Round, led by Balderton Capital

Published

on

huspy real estate
  • The property technology company is building a Super App for real estate starting with best technology for real estate agents and brokers
  • Huspy facilitates more than 25% of all residential mortgages in Dubai

Huspy, a property technology company headquartered in the UAE, with operations in Dubai, Abu Dhabi and Madrid announces that it has raised a funding round led by Balderton Capital, with further participation from existing investor Fifth Wall, amongst other investors. This round of funding is at a considerably higher valuation than its 2022 Series A which raised USD 37 million (AED 135.8 million) and was led by Peak XV (formerly Sequoia Capital India & SEA). This newly announced strategic investment marks a pivotal moment in Huspy’s journey to build a Super App for real estate, revolutionizing the way people buy properties across MENA and Europe.

Launched in 2020, Huspy has rapidly transformed the real estate landscape, becoming the UAE’s largest mortgage provider within its first year of operations, today facilitating more than 25% of all residential mortgages in Dubai. Huspy today offers end-to-end home buying and selling services in the UAE and Spain. The company has also aligned its ambitions with those of the UAE, by attracting top talent to the region and innovating within the sector; Huspy has brought in over 200 professionals to the UAE from over 40 countries, bolstering the regional talent pool. In addition, Huspy has attracted capital from some of the world’s most renowned venture capital firms, such as Peak XV (formerly Sequoia Capital India & SEA), Founders Fund, Balderton Capital, Fifth Wall, Breyer Capital, VentureFriends, B&Y Venture Partners, COTU Ventures, VentureSouq and others.

Building on this success, Huspy expanded its offerings to products covering everything related to real estate, streamlining the entire home buying process from property search to financing and beyond. To date, Huspy has processed over AED 22 billion in home transaction value, helping more than 13,500 people achieve their dream of homeownership.

Strategic Investments Highlight the Dubai and MENA Ecosystems’ Potential

Balderton Capital leading this funding round is particularly noteworthy, as a validation to Huspy’s position in Europe. Known for leading the early stage rounds for globally recognized companies such as Revolut, one of the largest digital banks in the world, Balderton’s investment shows strong confidence in Huspy’s remarkable success.

Rana Yared, General Partner of Balderton Capital commented on the investment, “We are excited to be partnering with the Huspy team to help scale the company in Europe. Offering a holistic real estate platform that connects all stakeholders, Huspy’s product has been thoughtfully designed to tackle major pain points and act as an operational cockpit for brokers and agents. Jad and the team bring exceptional ambition and deep market expertise, and we look forward to this next chapter as Huspy enters the European stage.”

Fifth Wall, the largest asset manager focused on improving, futureproofing, and decarbonizing the built world, as well as other investors have reconfirmed their confidence in the company, increasing their investments in Huspy. Miguel Nigorra, Partner & Head of Europe at Fifth Wall commented: “We continue to see significant opportunities to disrupt the real estate market in EMEA. We believe Huspy’s industry-leading management team, strong investor base, and end-to-end offering brings a much needed, differentiated value proposition for the market’s brokers.”

Vision for Expansion and Future Growth

With a vision to become the largest home-buying company in Europe and the Middle East, by offering a Super App for real estate, Huspy is gearing up for an exciting growth phase. Huspy will be rolling out its real estate business across Spanish cities ahead of Europe and Middle East rollouts.

Jad Antoun, CEO and Co-founder of Huspy commented on the round and expansion. “Over the last three years, we’ve established a strong and defensible business in the UAE and we believe we have the foundations today for a European and Middle Eastern expansion. We are incredibly happy to partner with Balderton Capital, to focus on a European rollout. The goal for Huspy remains the same as day zero, to build a category-defining business in this space in Europe and the Middle East and we believe we’re in a prime position to achieve that.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech News

Canon offers new firmware and applications for 4K remote PTZ camera systems

Published

on

canon

Canon recently announced that it will offer firmware for 4K remote cameras and remote camera controllers intended to improve the functionality and performance of functions, such as auto-tracking, free of charge from mid-July 2024. Upgraded versions of various applications including ‘Auto Tracking Application RA-AT001’ (released in April 2023) will also be made available.

Canon has been enhancing its product line-up of remote camera systems by providing application software that adds necessary functions according to their usage to camera systems, including 4K remote cameras and specialised controllers. With upgrades to firmware and applications across the system to improve their respective functionality and performance, Canon aims to assist workflow improvements on video production projects and aid visual communication in situations such as web conferences and lecture broadcasts.

The tracking function will be improved so that the updated ‘Auto Tracking Application RA-AT001’ will now be able to continue to track the subject even when they intersect with another person (such as someone cutting in front or crossing paths) without transferring to the other person. Its performance will also be improved to achieve more natural and flowing movement as it tracks the beginning and end of a subject’s movements. Additionally, advanced settings for auto-tracking can now be adjusted via the controller so that cameras can be operated without the use of a PC. Canon will also begin providing the basic functions4 of ‘Auto Tracking Application RA-AT001’ free of charge in order to allow a broader range of users to enjoy the improved convenience.

The update will improve the video output framerate during USB connection. Remote cameras CR-N300 and CR-N100 comply with USB Video Class, the standard for USB transmission, and by simply connecting them to a PC via cable they can be used for web conferences. The output framerate will be improved from FHD12.5fps, which the camera was originally equipped to handle, to a maximum of FHD30fps. In addition to Motion JPEG format, the output format will now be offered in YUV format as well, thereby facilitating image processing after shooting. Being compatible with the two formats, the remote cameras – with updated firmware – can be used for various kinds of web conferences.

In addition, the functionality of the dedicated controller will be enhanced so that it will now be possible for the touch panel on the remote camera controller RC-IP1000 to display thumbnail images of presets and trace functions registered on the camera. Users can access the function while displaying the thumbnail image, thereby reducing operational mistakes, and enabling intuitive control operation. Furthermore, images shown on the touch panel, which can display up to nine cameras at one time, can be output to an external monitor via an SDI and HDMI. This controller firmware update will improve on-site operations by enabling users to control the cameras while checking the multiple views simultaneously displayed on a large screen.

Continue Reading

News

Positive Technologies “Positive Hack Days” 2 in Moscow

Published

on

positive technologies event moscow russia

Positive Technologies, along with the Russian Quantum Center and other industry leaders, hosted the second edition of Positive Hack Days (PHDays) from May 23-26 at the Luzhniki sports complex in Moscow. This event brought together experts and enthusiasts to discuss the latest in cybersecurity, with a special focus on quantum technologies.

Main Highlights and Key Insights

1. Cyber Threats to Quantum Technologies

One of the key topics at PHDays was the identification of major cyber threats to quantum technologies. Gartner predicts that by 2025, about 40% of large enterprises will be running pilot projects based on quantum technologies. Positive Technologies, in partnership with QBoard, QApp, and the Russian Quantum Center, presented a study highlighting five main threats:

  • • Physical Threats: Quantum bits (qubits) are very sensitive and can be disrupted by denial-of-service attacks.
  • • Information Theft: The results of quantum computing are valuable and could be targeted by cybercriminals.
  • • Software Vulnerabilities: Existing vulnerabilities in quantum computing software pose serious risks.
  • • Cloud Computing Threats: As cloud-based quantum solutions grow, so do the risks of cyberattacks on these services.
  • • Quantum Internet Attacks: These attacks aim to steal information or disrupt quantum networks.

2. Positive Technologies’ Approach

Elmar Nabigaev, Director of PT ESC, discussed the measures taken by Positive Technologies to stay ahead in cybersecurity. These include quick incident response times, scalable solutions, and deep integration with threat intelligence teams. Nabigaev also emphasized the importance of community collaboration, showcasing their involvement in major events like the Sochi Olympics and the FIFA World Cup, where they provided cybersecurity services.

3. Focus on Managed Security Service Providers (MSSP) and SaaS

Alexey Malnev, Director of Service and Technology Partnership Development at Positive Technologies, spoke about the company’s focus on MSSP and SaaS business models. He explained that outsourcing cybersecurity to managed security service providers is the future, as it allows for effective large-scale protection. Positive Technologies offers a range of MSSP-ready products and services to meet the growing demand.

4. Incident Response and Threat Intelligence

Positive Technologies demonstrated their capability in incident response and threat intelligence. Their Security Operations Center (SOC) acts as a global observer during cyber battles, showing their role as both a vendor and a service provider.

5. Preparing for the Quantum Era

Experts at PHDays stressed the importance of preparing for the quantum era. Quantum-resistant solutions and post-quantum cryptography are essential to protecting information against future quantum-based attacks. Yaroslav Borisov from Kvant Joint Venture highlighted that the next decade will see the integration of quantum technology with other high-tech fields, creating new products and services that will require strong cybersecurity measures.

Statements from Key Speakers

Denis Baranov, CEO, Positive Technologies:
“Quantum computing represents both an incredible opportunity and a significant challenge for cybersecurity. Our goal is to stay ahead of potential threats and ensure that the technology is used safely and securely.”

Prashanth Anchaiah, Technical Lead, Gulf IT:
“Attending PHDays has provided valuable insights into the future of cybersecurity. The discussions on quantum threats have been particularly enlightening.”

Venaktesh Nallabothulla, Business Manager, Gulf IT:
“The advancements and potential risks in quantum technology discussed here are crucial for our strategic planning. Positive Hack Days has been an excellent platform for understanding these dynamics.”

Vartak Tushar, Executive Vice President & Head of Information, Cyber Security, and Fraud Prevention at RAK BANK (UAE):
A key question in cybersecurity risk assessments is, ‘What are our most valuable assets, and how are they safeguarded?’ This helps in prioritizing resources and managing limited budgets. For instance, a bank would scrutinize the security measures protecting critical customer data to identify any vulnerabilities, ensuring the most sensitive information has the most robust and cost-effective defenses.

Maksut Shadayev, Minister of Digital Development, Communications and Mass Media of the Russian Federation:
“Quantum technology will revolutionize many sectors, but we must be vigilant about the cybersecurity risks it brings. Events like PHDays are essential for preparing us for these new challenges.”

Yury Maksimov, Co-founder, Cyberus:
“The collaboration and knowledge sharing at PHDays are key to advancing our understanding and preparedness for quantum-related cyber threats.”

Maxim Philippov, Deputy CEO, Positive Technologies:
“Our research and development in quantum cybersecurity are crucial for protecting the infrastructure of the future. Positive Hack Days provides a platform to share our findings and collaborate with other experts in the field.”

Roman Dvoryankin, CEO, Standoff:
“The knowledge exchanged at PHDays is vital for staying ahead in the rapidly evolving field of cybersecurity. The focus on quantum threats is particularly timely.”

Positive Hack Days 2 showcased the current state of cybersecurity and provided insights into future challenges and solutions. As quantum technologies continue to develop, the cybersecurity industry must evolve to protect against new threats. Positive Technologies, with its innovative approach and commitment to community collaboration, is well-positioned to lead this effort.

Continue Reading

Tech News

Acronis Expands its Security Offering Beyond Endpoint Protection with New Extended Detection and Response (XDR) Solution

Published

on

Acronis is pleased to introduce Acronis XDR the newest addition to the company’s security solution portfolio. Easy to deploy, manage, and maintain, Acronis XDR expands on the current endpoint detection and response (EDR) offering and delivers complete natively integrated, highly efficient cybersecurity with data protection, endpoint management, and automated recovery specifically built for managed service providers (MSPs).

Cyberattacks have become increasingly sophisticated due to cybercriminals deploying AI and attack surfaces expanding, allowing businesses to be more vulnerable to data breaches and malware. To protect their customers, MSPs who offer security services commonly only have a choice of complex tools with insufficient, incomplete protection that are expensive and time-consuming to deploy and maintain. As a direct response to these challenges, Acronis XDR is the solution providing complete protection without high costs and added complexity.

“Acronis makes a compelling entrance into XDR,” notes Chris Kissel, Research Vice-President at IDC. “Acronis has provided an endpoint protection platform for the better part of a year. They have extended their XDR stack mapping alerts to MITRE ATTACK and offer cloud correlation detections. Importantly, their platform supports multitenancy, and the dashboard provides intuitive visualizations.”

Key features and benefits of Acronis XDR include:

• Native integration across cybersecurity, data protection, and endpoint management. The product is designed to protect vulnerable attack surfaces enabling unmatched business continuity.
• High efficiency, with the ability to easily launch, manage, scale, and deliver security services. It also includes AI-based incident analysis and single-click response for swift investigation and response.
• Built for MSPs, including a single agent and console for all services, and a customizable platform to integrate additional tools into a unified technology stack.

“It is imperative that MSPs provide reliable cybersecurity to customers with diverse IT environments and constrained budgets,” said Gaidar Magdanurov, President at Acronis. “Acronis XDR enables MSPs to offer top-notch security without the complexity and significant overhead of traditional non-integrated tools. This is achieved in several ways, including AI-assisted capabilities within the Acronis solution that helps MSPs provide the utmost cybersecurity – even if an MSP only has limited cybersecurity expertise.”

Earlier this year, the company released Acronis MDR powered by Novacoast, a simple, effective, and advanced endpoint security service built for MSPs with native integration of data protection to deliver unmatched business resilience. Acronis MDR is a service offering used with the Acronis EDR solution focused on endpoint protection platform (EPP) to provide passive endpoint protection. The addition of Acronis MDR amplifies MSP’s security capabilities without the need for large security resources or added investments.

The introduction of Acronis MDR and XDR follows a string of security-related offerings and solutions from Acronis, building on the company’s EDR offering released in May 2023. Acronis security solutions leverage AI-based innovations and native integrations, which lower complexity and provide complete security in the easiest and most efficient way. With a comprehensive security portfolio from Acronis, MSPs can now offer complete cybersecurity to their customers and scale operations to grow their business.

Continue Reading

Trending

Please enable JavaScript in your browser to complete this form.

Copyright © 2023 | The Integrator