Connect with us

Blockchain

Scope AR Adds To SaaS Platform With WakingApp Acquisition

Published

on


Company Doubled Revenue in 2019

Scope AR continues to expand its enterprise AR offerings after today announcing the acquisition of Tel Aviv based AR studio WakingApp. The acquisition will bolster the Scope’s AR development capabilities, as six of the WakingApp team’s founding members join the Scope AR mothership in North America.

Using AR at Lockheed saves millions. Lockheed

Founded by CEO Scott Montgomerie, David Nedohin and Graham Melley in 2011 with a mission to build AR applications for business, Scope AR has since developed into one of the leading providers of hardware-agnostic AR solutions for a broad range of enterprises. Scope AR’s WorkLink SaaS platform combines real-time remote assistance, AR work instructions, and other features packaged in an “augmented reality knowledge platform.” WorkLink is accessible via any kind of device. “The WorkLink platform is a growing thing. We’re never going to stop adding new features and stay ahead of the industry,” said Scott Montgomerie, co-founder and CEO of Scope AR.

Over the past six years, Tel-Aviv based WakingApp AR Studios, founded by Alon Melchner, Adiel Gur and Haim Maik, has been building an app creation tool that allows developers and designers to rapidly produce AR experiences as stand-alone apps or integrate mobile AR experiences into existing mobile apps. Apps can be updated on the fly and hosted anywhere. The company has been competing on simplicity and price. This is a crowded segment, filled with well funded startups. Matan Libis, CEO of WakingApp, was shopping around for either more venture capital or perhaps something more strategic at AWE 2019 in May, where he met David Nedohin, President of Scope AR.

Scope AR’s acquisition of WakingApp will expand the WorkLink platform by integrating key functionality from WakingApp. Scope’s enterprise users which include Lockheed Martin and Unilever. We wrote about their work with Lockheed here.

Montgomerie sees the acquisition as part of the natural growth of Scope’s SaaS business, which makes up 95% of the company’s revenue. Scope AR doubled its revenue this year (2019). We wrote about their Series A round of $9.7 million in March. The growing team of over 50 is spread mostly between offices in San Francisco, Edmonton (Alberta, Canada), and now Tel Aviv.

Scope’s Series A investors were led by Romulus Capital, with participation from SignalFire, Y-Combinator and AngelList.

Originally published at https://www.forbes.com.


Scope AR Adds To SaaS Platform With WakingApp Acquisition was originally published in Virtual Reality Pop on Medium, where people are continuing the conversation by highlighting and responding to this story.

Source: https://virtualrealitypop.com/scope-ar-adds-to-saas-platform-with-wakingapp-acquisition-8d14f116e3a8?source=rss—-e579cf4a0975—4

Blockchain

A South Korean court dismisses a lawsuit brought by Bithumb investor over a data breach.

Published

on


A South Korean court dismisses a lawsuit brought by Bithumb investor over a data breach. – Coinnounce




























A South Korean court denied relief to an investor who claims to have lost some $400,000 due to the negligence of cryptocurrency exchange Bithumb.

According to the Yonhap news agency report, the investor, known as Mr. A, had taken Bithumb to court in connection with the losses, which he alleges were the result of a significant data breach at the exchange back in 2017. However, a judge in the high court refused the case and dismissed liability after Mr. A failed to sufficiently prove that the exchange’s negligence had caused his losses. Following the ruling, the crypto exchange will not be required to compensate Mr. A. Crypto news aggregator platforms like cryptopanic can help you keep up with the crypto industry. 

The losses were from the data breach prior to 2017. 

According to the plaintiff, the losses came from Korean won stored on the exchange prior to a data breach in 2017. Hackers had allegedly gained unlawful access to the won and bought Ethereum tokens with it through the Bithumb exchange, before converting these back into fiat at four separate intervals. The case against the South Korean exchange was only the latest to have been raised by investors concerned about losses emerging after the 2017 data breach. This month, two of these claims were dismissed for $126,000 and $38,000, respectively, while a third was awarded just $5,000 in a partial settlement.

South Korean court had ordered to seize investors’ shares of Bithumb. 

South Korea’s leading cryptocurrency exchange Bithumb came under inspection of Seoul Police due to certain accusations earlier this year. The chairman of Bithumb was found defrauding Bithumb’s customers by fooling them into buying fake tokens. Bithumb was accused of dumping its customers by selling an unlisted token. Bithumb has been a hot topic among the crypto community as it was the second cryptocurrency exchange to come under police scrutiny. The Seoul Central District Court passed an order to seize Bithumb investors’ share last month. 

ADVERTISEMENT
Jai Pratap

Jai Pratap

A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.


Enable Notifications
  

Ok


No thanks


Source: https://coinnounce.com/bithumb-investor-lawsuit-was-dismissed-in-south-korea/

Continue Reading

Blockchain

Australian Securities Exchange to triple capacity of DLT system

Published

on

The Australian Securities Exchange will delay its blockchain-based CHESS replacement after huge trading volumes due to the pandemic required a massive expansion of capacity. The DLT- based system had been scheduled for official trials in December, with a planned launch window of early 2022.

At its annual meeting this year, ASX chief executive Dominic Stevens told shareholders they were looking to triple the capacity of its planned DLT system based on the surge in trade volumes seen earlier in March.

He also said that the firm was looking into how much further the timeline needed to be extended to accommodate “demand for significant additional capacity and functionality from the day it goes live.”

The blockchain-based clearance system to replace CHESS was originally planned for launch in April 2022, with official trials scheduled for December this year.

The ASX has been working on the CHESS-replacement for the last four years, which has become the subject of much debate.

Last year, the CHESS Replacement Stakeholder Group, a group of financial market firms consisting of over 6 million “mum and dad investors,” raised concerns about the ASX’s potential to entrench its monopoly position. According to the CRSG, the integration of the DLT system could lead to hampering competition in key market segments, “damaging, or even threatening the long-term survival of brokers, share registries, and other stakeholders.”

ASX chairman Rick Holliday-Smith claims that the DLT platform will open up new paths for competition, and make clearance and settlement much simpler for market participants. 

Source: https://cointelegraph.com/news/australian-securities-exchange-to-triple-capacity-of-dlt-system

Continue Reading

Blockchain

Cardano Gets a Boost on SingularityNET Collaboration Proposal

Artificial Intelligence platform SingularityNET is planning a partial move away from Ethereum citing speed and cost issues. Cardano has been chosen as the blockchain platform of choice for the project’s full-stack AI services platform. SingularityNET has just announced a collaboration with IOHK, the firm run by Cardano founder Charles Hoskinson. The announcement added that IOHK […]

The post Cardano Gets a Boost on SingularityNET Collaboration Proposal appeared first on BeInCrypto.

Published

on

Artificial Intelligence platform SingularityNET is planning a partial move away from Ethereum citing speed and cost issues. Cardano has been chosen as the blockchain platform of choice for the project’s full-stack AI services platform.

SingularityNET has just announced a collaboration with IOHK, the firm run by Cardano founder Charles Hoskinson. The announcement added that IOHK and SingularityNET teams have been ‘seriously discussing’ what it would take to port a significant portion of the decentralized AI protocol from Ethereum to Cardano.

Ethereum Speed and Cost Issues

The move has been driven by escalating Ethereum network fees and scaling concerns. The DeFi boom this year has caused several spikes in gas fees with averages surging above $15 on a number of occasions.

CEO and founder of the SingularityNET Foundation, Dr. Ben Goertzel, stated;

“Current speed and cost issues with the Ethereum blockchain have increased the urgency of exploring alternatives for SingluarityNET’s blockchain underpinning,”

In an interview with IOHK’s Charles Hoskinson, Goertzel added that he believes in a multi-chain future and that there is a possibility that they might not completely move away from Ethereum.

EthereumEthereumThe announcement added that Cardano and SingularityNET share a culture and development style centered on advanced computer science and mathematics. The Cardano ecosystem is also in a period of rapid growth with expected future launches of a number of key features such as the Plutus smart contract framework.

If the migration proceeds, it would involve a transition of SingularityNET’s native AGI token from ERC-20 to Cardano and the adoption of Plutus to create smart contracts. Final decisions and details regarding porting of a portion of the network to Cardano have not yet been made and that more community discussion needs to take place.

The AI firm is also behind the most sophisticated and expressive AI robot ever made, Sophia.

Cardano (ADA) Sees Some Relief

Cardano (ADA) prices have reacted positively to the collaboration announcement. ADA is currently trading for $0.104, up 7% since from a low of $0.096 on Sept 30.

The move has taken ADA back to a $3.2 billion market cap, squeezing Crypto.com (CRO) out of the top-ten rankings.

ADA pricesADA prices
ADA/USD – TradingView

Over the past week, ADA has made even more progress with a 37% increase from a three-month low of $0.075. Its highest level this year came in late July when ADA reached a two-year high of $0.15.

Like most altcoins though, it is still way down from its all-time high of over $1.15 during the January 2018 crypto bubble.

Advertisement

Source: https://beincrypto.com/cardano-gets-a-boost-on-singularitynet-collaboration-proposal/

Continue Reading

Trending