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TCL Electronics (01070.HK) Achieves Nearly 150% YoY Growth in Adjusted Net Profit in 1H 2024

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Mid-to-High-End and Globalisation Strategies Yields Tangible Results
Significantly Enhancing Profitability

Results Highlights

TCL Electronics’ mid-to-high-end and globalisation strategies yielded tangible results, enhancing its profitability significantly, during the first half of 2024, its revenue grew by 30.3% year-on-year (“YoY”) to HK$45.5 billion, its adjusted profit attributable to owners[1] grew by 147.3% YoY to HK$654 millionIn the first half of 2024, shipment of TCL TV grew by 9.2% YoY to 12.52 million sets, and its market share in terms of shipment increased by 0.9 percentage points YoY to 13.3%, ranking among the top two in the world[2]Shipment of TCL’s mid-to-high end products, QLED TV and Mini LED TV, recorded high YoY increases of 64.4% and 122.4% respectively, with Mini LED TV maintaining leading position worldwide in terms of shipmentInnovative business becomes a new growth driver, with revenue surging by 60.6% YoY to HK$14.0 billion, and gross profit growing by 64.1% YoY to HK$2.0 billionPhotovoltaic business achieved exponential growth, with revenue and gross profit surging 212.7% and 322.5% YoY to HK$5.3 billion and HK$542 million respectively, and the gross profit margin improving by 2.7 percentage points YoY to 10.3%

HONG KONG, Aug. 23, 2024 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) today announced its interim results for the six months ended 30 June 2024. During the reporting period, TCL Electronics continued to promote its mid-to-high-end and globalisation strategies. The Company’s revenue grew by 30.3% YoY to HK$45.5 billion in the first half of 2024, with the revenue from the innovative business surging by 60.6% YoY to HK$14.0 billion, achieving continuous increase in its diversified revenue and significant enhancement of its profitability.

TCL Electronics demonstrated continuous improvements in operational efficiency, resulting in a reduction of expenses across multiple areas. The Company’s administrative expense ratio decreased by 1.1 percentage points YoY to 4.1%, while the selling and distribution expense ratio decreased by 0.9 percentage points to 9.6%, attributed to the Company’s adherence to a precision marketing strategy. The overall expense ratio decreased by 2.0 percentage points YoY to 13.7%. As a result of the Company’s commitment to a solid operational practices, its adjusted net profit attributable to owners of the parent experienced a significant 147.3% YoY increase, amounting to HK$654 million, showing a significant improvement in the quality of operations.

Meanwhile, TCL Electronics has consistently maintained high dividend payout policy to reward shareholders since 2017, with a dividend payout ratio[3] of 50.0% in 2023.

Capturing Large-Screen Market Opportunities, Performance of Large-Sized Display Business Far Outperforming Industry

Benefitting from the surge in demand from major sporting events such as the Euro Cup and the Olympic Games in the European and American TV markets, shipment of global TV industry increased by 1.9% YoY in the first half of 2024[2]. Through the precise marketing on the sporting events by the Company, global shipment of TCL TV reached 12.52 million sets in the first half of 2024, representing a YoY increase of 9.2%, steadily ranking among the top two[2] in the world. Among which, shipment of large-sized and mid-to-high-end TCL TV grew significantly, the global shipment of TCL TV of 75-inch and above grew by 34.5% YoY, while the global shipment of TCL Mini LED TV surged by 122.4% YoY. Sales volume growth of large-sized and mid-to-high-end TV drove the revenue of the Company’s large-sized display business to increase by 23.2% YoY to HK$25.9 billion.

Regarding the PRC market, the retail sales volume of the domestic TV market declined by 10.7% YoY in the first half of 2024 due to the sustained decreased in domestic demand[4]. Nevertheless, TCL Electronics leveraged policy opportunities such as “trade-ins of consumer goods” and achieved upward breakthroughs in product mix upgrade through the TCL brand while targeting younger demographics with the Falcon brand, the shipment of TCL TV in the PRC market grew by 5.4% YoY in the first half of 2024, defying industry trends, and revenue increased by 21.1% YoY to HK$8.4 billion. Meanwhile, the Company made further advancements in the mid-to-high-end market. The shipment of TCL TV of 75-inch and above in the PRC market grew by 17.7% in the first half of 2024, with corresponding proportion increasing by 3.5 percentage points to 33.2%. Shipment of TCL Mini LED TV surged by 120.1% YoY, with corresponding proportion increasing by 4.5 percentage points to 8.6%, and retail sales volume consistently ranking the first in the PRC market[4].

TCL Electronics’ performance in the international market was particularly outstanding. In the first half of 2024, shipment of TCL TV in international market increased by 10.4% YoY, and revenue increased by 24.2% YoY to HK$17.6 billion. Notably, the shipment of 75-inch and above TVs and TCL Mini LED TVs saw significant growth of 77.9% and 124.7% YoY, respectively, leading to further optimisation of the product mix. Through precise investments in brand marketing and expand and deepen the coverage of key channels across multiple regions, including North America, Europe, and emerging markets. TCL TV ranked steadily among the top five in terms of sales volume in nearly 30 countries overseas, according to data from GfK and Circana.

Continuous Growth for Internet Business and Innovative Business, Further Enhancing Profit Contribution

Internet Business

In the first half of 2024, internet business revenue reached HK$1.2 billion, representing a YoY increase of 8.9%, and the gross profit margin was maintained at a high level of 54.0%.

As an innovator in the OTT field in the PRC market, TCL Electronics upgraded the “TCL LINGKONG UI 2.0”, which greatly enhanced the convenience and comfort of use, providing users with more personalised services. Meanwhile, the Company has created its proprietary IP of “Lei Dong Dong”（”雷咚咚”） based on the AI large-language model and cooperated with leading children’s IPs to develop AI animation for children’s education. In the first half of 2024, domestic internet business generated revenue of HK$870 million, maintaining a stable performance.

Regarding the international market, the Company continued to strengthen its close cooperation with prominent internet giants such as Google, Roku and Netflix, while continued to make breakthroughs in its business model, the average daily consumption time[5] spent on its self-developed content products for June 2024 doubled YoY and traffic monetisation capacity further enhanced. As at the end of June 2024, TCL Channel, an integrated content application, has covered 60 countries in North America, Europe, Central and South America, Asia Pacific and other regions, with a total of nearly 25 million cumulative users. During the period, internet business revenue from the international market amounted to HK$342 million, representing a significant YoY increase of 51.2%.

Innovative Business

In the first half of 2024, the Company adhered to the “Relatively Light Asset” model in operating the photovoltaic business, achieved quality growth in business scale through refined operations by strengthening core competencies in products, digitisation, engineering technology, finance and distribution channels. During the reporting period, the revenue of the photovoltaic business surged by 212.7% to HK$5.3 billion, while gross profit increased significantly by 322.5% YoY to HK$543 million, and gross profit margin improved by 2.7 percentage points to 10.3%. As of the end of June 2024, the photovoltaic business has covered 23 key provinces and cities in the PRC, with over 150 cumulative industrial and commercial contracted projects, over 1,200 cumulative channel distributors, and more than 70,000 cumulative contracted rural households. For the overseas markets, the Company will strategically identify the optimal path to globalisation, focus resources on channels, localise operations in markets where it has advantages, to transform its domestic photovoltaic power station business into an integrated global new energy solution provider.

Leveraging the global brand influence accumulated by the display business over the years and the trans-regional market channels, TCL Electronics’ global brand distribution business of smart products, such as air conditioners, refrigerators, and washing machines, has maintained rapid growth. In the first half of 2024, the all-category marketing revenue increased by 27.7% YoY to HK$7.8 billion, with gross profit increased by 37.1% YoY to HK$1.3 billion, and the distribution gross profit margin improved by 1.1 percentage points YoY to 16.3%. In addition, RayNeo, a company internally incubated by the Company, launched RayNeo Air2s, the first AR glasses that has passed the ZREAL certification for ultra-high-definition video quality during the first half of 2024. During the 618 (18 June) Shopping Festival, RayNeo smart glasses secured the top positions in both sales volume and sales revenue on both JD.com and Tmall, demonstrating its market leadership.

Outlook: Expanding Scale and Strengthening Operations, Continuous Strengthening of Capabilities, High-Quality Development Driven by Globalisation

In the second half of 2024, TCL Electronics will vigorously pursue strategies centered at “Scale Expansion, Strong Operation, Organisation Activation, and Globalisation”, striving to achieve high-quality development with “net profit growth>gross profit growth>revenue growth”. While stabilising the mid-to-low-end market, the Company will continue to break through the mid-to-high-end market, deepen its overseas retail, channel, and marketing capabilities, and strengthen its global branding advantages. It will also strive for extreme operational efficiency, continuously improve its global organisational capabilities, and strengthen its data-driven operations to comprehensively assist in lowering costs, increasing efficiency, and enhancing user experience. Moreover, the Company will adhere to the globalisation of operations, achieving local or nearby supply of products through global production capacity deployment, fostering global talent cultivation to ensure the global deployment of local talents, and promoting global localisation of brand marketing to effectively enhance the global brand influence.

Looking forward, the Company will adhere to the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”, focus on strengthening core competencies in product power, marketing power, operation power, and organisational power, and promote the long-term sustainable development of the Company’s core businesses, such as the display business and internet business, as well as the innovative business. The Company will continue to deepen its “Globalisation” and “Technologisation” layout, moving towards the goal of becoming a “world-leading smart device enterprise”.

About TCL Electronics

 TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations.

[1] Adjusted net profit attributable to owners of the parent is defined as net profit attributable to owners of the parent after adding back the following adjustments: (i) (gain)/loss from investment companies, net; (ii) (gain)/loss on disposal and liquidation of subsidiaries, net; (iii) (gain)/loss related to call options and put options, net; (iv) (gain)/loss on disposal of non-current assets, net.; and (v) income tax effect.

[2] Data source: Omdia, 1H 2024.

[3] Dividend payout ratio was calculated with adjusted net profit attributable to owners as the denominator.

[4] Data source: CMM’s omni-channel, H1 2024.

[5] The average daily consumption time is calculated by taking the sum of the daily active users multiplied by the average daily usage hours within the month, and divided by the number of days in the month.

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SOURCE TCL Electronics Holdings Limited

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U.S. Quartz Workers: Strong Safeguard Remedies Needed to Save 100,000 American Manufacturing Jobs

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July 23, 2026

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WASHINGTON, July 23, 2026 /PRNewswire/ — The Quartz Manufacturers Alliance for America (QMAA) released a powerful video featuring quartz manufacturing workers from across the country calling for free and fair trade policies to save 100,000 American jobs. QMAA, a coalition of leading U.S.-based quartz slab manufacturers, are calling for strong safeguard remedies after the U.S. International Trade Commission (ITC) found a huge flood of foreign imports had caused tremendous injury to the domestic quartz industry.

QMAA members are urging the Trump Administration to build on the ITC’s strong recommendation and address this major flood of quartz imports with a Tariff of 50% and a Reshoring Import Cap of 141 million square feet on imported quartz surface products. This will ensure a reshoring of the good-paying U.S. quartz manufacturing jobs stolen by companies who cheat U.S. trade law, distort competition and are decimating U.S. quartz manufacturing. Together, these trade remedies will provide the relief necessary to save the 100,000 jobs supported by the U.S. quartz industry.

The video features workers from LX Hausys, Guidoni USA and Cambria Company and is available here:
Save 100,000 American Quartz Jobs

Quotes from QMAA Quartz Manufacturing Workers
“This facility used to be a Husqvarna plant. Husqvarna closed down due to cheap foreign imports. There were over 1,000 people working here and all of a sudden…I’m worried I may see the same thing take place again.”
-Raymond Mack, Production Operator, Guidoni USA, Helena-McRae, GA

“Foreign countries, mainly China, Thailand, Malaysia, Vietnam, Indonesia, have been circumventing and cheating the American market. We believe in the industry. We believe in the American working power. We just want to level the playing field, make it fair for everyone and everyone will benefit.”
– Daniel Vas de Melo SA, Business Development Manager, Guidoni USA, McRae-Helena, GA

“In order for us to continue to compete, we need a strong Tariff and Import Cap on imported quartz surfaces. That will ensure we can play on an even playing field. That’s all we’re asking for. I would hate to see cheap, imported quartz have a negative impact on families such as mine and the other families that we employ here.”
– Mike Morici, Vice President – LX Hausys, Adairsville, GA

“The surge of foreign imports has shocked the U.S. economy, and the market for surfaces. It’s taken prices down to unsustainably low levels for any domestic supplier. The result of that is we’re not producing as much as we should, we can’t hire as many people as we would like to, and we can’t grow our business in the way that we and our peers in the U.S. want to grow.”
– Andrew Eich, President and Chief Operating Officer, Cambria

“As these foreign imports flood the market, we lose the ability to create and sustain jobs that ensure good paying conditions for manufacturing workers. There will be over 100,000 jobs that have the strong potential to go away.”
– Jack Sundry, SVP Core and Lexus – Cambria, Southern Minnesota

Background
In September 2025, QMAA filed a Global Safeguard petition with the U.S. International Trade Commission (ITC) under Section 201 of the U.S. Trade Act of 1974. The ITC’s thorough investigation found serious injury to the domestic industry caused by a massive import surge designed to undercut American businesses. Quartz imports have surged by 78.3% within the past five years, leading to a nearly 20% decline in domestic production, factory closures and major job reductions.

A final safeguard decision from the United States Trade Representative is expected by Aug. 1, 2026.

About the Quartz Manufacturing Alliance for America:
QMAA is a coalition of U.S.-based, American quartz slab manufacturing factories, united with other industry leaders to support and strengthen the American quartz industry. QMAA is committed to ensuring a free and fair, competitive marketplace born of free enterprise that provides the opportunity to compete on a level playing field for American quartz slab manufacturing factories and their valued workers. We also believe this effort will have a positive impact throughout the entire quartz surfacing industry, including to the strong benefit of American stone fabrication shops and upstream suppliers of quartz minerals and resin. Learn more at: https://www.qmaa.org/

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SOURCE Quartz Manufacturing Alliance of America

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Databricks and Microsoft expand partnership to help enterprises bring business context to enterprise AI

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July 23, 2026

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Databricks and Microsoft extend strategic partnership through the 2030s to scale enterprise AIDatabricks deepens its bet on Azure, growing its use of Azure Databricks to run its own core business operations and analytics, while both companies advance native integration across the Microsoft stack, including Databricks Genie and Microsoft 365Databricks increases its use of Microsoft Azure Cobalt to improve performance and efficiency

REDMOND, Wash. and SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Microsoft Corp. and Databricks on Wednesday announced an expansion of their decade-long strategic partnership, extending into the 2030s. Databricks will deepen its use of Azure Databricks to run core business operations and build its unified lakehouse, while leveraging Azure Cobalt, Microsoft’s next-generation Arm-based infrastructure, to improve performance and efficiency. Microsoft will also continue integrating Databricks Data and AI platform across its products, bringing capabilities like Genie, Databricks’ AI co-worker, directly into customer workflows. Together, the companies are helping enterprises build AI grounded in their own business context with the cost efficiency, control and choice needed to scale successfully.

Enterprises want AI that understands their customers, products, operations, metrics and business processes, all while running securely where work happens. Yet, most still struggle to connect AI to trusted business knowledge, govern models and agents consistently, and control costs. Microsoft and Databricks are helping customers close that gap: 

“For nearly a decade, Databricks and Microsoft have helped enterprises innovate with data and AI,” said Ali Ghodsi, Co‑Founder and CEO of Databricks. “Today, our partnership is stronger than ever. With Databricks Genie and Unity AI Gateway deeply integrated across Microsoft’s products, we’re helping enterprises unify their data and ground AI in business knowledge. This lets customers get the full benefits of agents and models while controlling costs and ensuring governance.”

“The next generation of AI will be defined by how effectively organizations turn their unique knowledge into intelligence,” said Judson Althoff, CEO, Microsoft Commercial Business. “Microsoft and Databricks are helping customers connect data, AI and business context to accelerate decision-making and drive measurable impact. With Databricks deepening its investment in Azure Databricks and Azure Cobalt-powered infrastructure, customers will benefit from greater performance, efficiency and scale for their most demanding workloads. Databricks’ decision to run its own core business operations on Azure Databricks also gives customers confidence in a platform proven at enterprise scale.”

Databricks runs core business operations on Azure Databricks 

As part of this latest deal, Databricks deepens its commitment to Azure, running its own core business operations and analytics on Azure Databricks, using the very platform it delivers to customers at scale.

Advancing performance with Azure Cobalt

Databricks will also expand its use of Azure Cobalt, Microsoft’s next-generation Arm-based infrastructure, to improve performance and efficiency for agentic and data-intensive workloads. Databricks currently uses Cobalt 100 and plans to adopt Cobalt 200, which delivers up to 50% better performance and includes memory encryption enabled by default.

Deep integrations for Databricks Genie and Unity AI Gateway with Microsoft product stack

By combining the Databricks Data + AI Platform with Azure’s global scale, customers can accelerate AI transformation while maintaining control and reliability. As a native Azure service, Azure Databricks makes its AI capabilities available directly within customers’ existing Microsoft environment, grounding and operating agents on enterprise data with Genie and Genie Ontology, and governing models, agents and cost through Unity AI Gateway. Deeply integrated across the Microsoft ecosystem spanning Microsoft Entra, Azure Data Lake Storage, Azure security, Microsoft OneLake, Power BI, Microsoft Purview, Microsoft Foundry, Power Platform, Microsoft 365, Teams and Copilot, these capabilities bring governed, real-time data and AI into business workflows, giving organizations the context, control, choice and cost efficiency needed to drive impact.

Continued investment is evident from our recent announcements with Databricks at Data + AI Summit in June.

Customer impact with Azure Databricks

The deepened collaboration strengthens support for joint customers running data, analytics and AI workloads on Azure Databricks, delivering improved performance, security, AI governance and enterprise readiness. Thousands of customers, including Banco Bradesco, the Cincinnati Reds, Electrolux, SMBC and Unilever, already use Azure Databricks to run critical workloads and scale AI with confidence.

Read more on the proven business value of the Databricks and Microsoft partnership on the Microsoft Azure blog.

About Databricks

Databricks is the Data and AI company. More than 20,000 organizations worldwide — including AT&T, Bayer, BMW Group, HSBC, T-Mobile, Unilever, and 70% of the Fortune 500 — rely on Databricks Data + AI Platform to build and scale data and AI apps, analytics and agents. Headquartered in San Francisco with 30+ offices around the globe, Databricks offers a unified platform that includes Genie, Lakebase, Agent Bricks, Lakeflow, Lakehouse, and Unity Catalog. To learn more, follow Databricks on LinkedIn, X, YouTube, and Instagram.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.

 

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SOURCE Microsoft Corp.

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Harness and Kong Expand Strategic Partnership to Deliver Comprehensive API and AI Security

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34 minutes ago

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July 23, 2026

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Joint solution extends proven API gateway security to the AI era — with automated AI discovery and runtime AI protection

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Harness, the AI Software Delivery Platform™ company, and Kong Inc., a leading developer of API and AI connectivity technologies, today announced an expansion of their strategic partnership to address the growing security challenges posed by AI-driven architectures, autonomous agents, and Model Context Protocol (MCP) deployments.

According to The State of AI-Native Application Security 2025 report, as enterprises race to deploy AI at scale, 62% have no visibility into where LLMs are in use across their environment, and 74% say AI sprawl will outpace API sprawl when it comes to risk — making embedded, infrastructure-level security more critical than ever. And companies are now deploying agents into their operations at an exponentially increasing rate, making it a necessity to protect the agents themselves and the systems interacting with those agents.

The two companies are extending their joint solution from Kong API Gateway to also include Kong AI Gateway, bringing Harness’s AI security intelligence directly into the AI infrastructure layer and enabling enterprises to discover, monitor, and protect every agent, AI asset, LLM-powered service, and MCP-connected workflow that traverses it.

A Proven Foundation: Harness and Kong API Gateway

Harness and Kong have been jointly trusted by enterprises to deliver best-in-class API security for years. The existing Harness and Kong API Gateway integration provides:

Comprehensive API traffic visibility and behavioral analysis across all Kong-managed servicesReal-time detection and blocking of API threats, including OWASP API Security Top 10 risks, credential stuffing attacks, and business logic abuseContinuous sensitive data tracking to identify PII exposure and regulatory riskZero-friction deployment alongside existing Kong configurations

This new offering of the AI Gateway solution applies the same level of security depth to AI infrastructure, ensuring that security teams are not left behind as their organizations adopt AI and agentic operations.

“Our partnership with Harness has given joint customers production-grade API security that works with the way they build, not against it,” said Ken Kim, Senior Vice President, Business Development at Kong Inc. “Extending to include Kong AI Gateway is a natural next step. The same enterprises are now moving AI into production through our gateway and need the same depth of visibility and control they’ve come to rely on for their APIs for all AI traffic types including LLM, MCP, and A2A. That’s exactly what this delivers and is crucial for organizations scaling in the agentic era.”

The New Frontier: Kong AI Gateway and Harness AI Security

As enterprises accelerate AI adoption, the attack surface has fundamentally shifted. AI agents, LLM-powered microservices, and MCP-enabled integrations introduce new vectors that traditional security tools were not designed to address. Unlike traditional software, AI agents are non-deterministic — the same agent can behave differently on consecutive runs, making it impossible to secure them the way you’d secure a static API. The new Harness and Kong AI Gateway integration directly tackles these challenges across two critical domains: AI discovery and AI protection.

AI Discovery
Harness automatically inventories every AI asset, API, MCP server, tool, prompt, and resource routed through Kong AI Gateway — providing security teams with a continuously updated catalog of their AI attack surface. No manual documentation. No blind spots.

AI Protection
Harness applies behavioral analysis and anomaly detection to AI traffic in real time, identifying prompt injection attacks, data exfiltration through AI responses, jailbreaking, malicious code in prompts, and other AI-specific threats. Enterprises gain the same depth of observability and protection for their agents and AI workloads that they already rely on for traditional APIs, with full prompt and response details available for incident investigation and inline policy enforcement through Kong AI Gateway.

“Shadow AI has become the defining security blind spot for enterprises today. Traditional tools were built for static code and predictable systems, not for adaptive AI models, agent-to-agent communication, and MCP-connected workflows that evolve continuously,” said Rahul Sood, GM of Application Security at Harness. “This integration of Harness AI Security with Kong puts security intelligence directly into the connectivity layer where AI traffic flows. Joint customers now have the visibility and control they need to move fast without losing sight of what’s happening across their AI infrastructure.”

Availability

The Harness and Kong API Gateway integration is generally available today for all joint customers. The Kong AI Gateway integration, including AI Discovery and AI Protection, is also generally available now. Joint customers can contact their account team or request a demo.

About Harness
Harness is the AI Software Delivery Platform™ company, enabling engineering teams to build, test, and deliver software faster and more securely. Powered by Harness AI and the Software Delivery Knowledge Graph, the platform brings intelligent automation to every stage of the software delivery lifecycle after code — removing toil and freeing developers from manual, repetitive work. Companies like United Airlines, Morningstar, and Choice Hotels use Harness to accelerate releases by up to 75%, cut cloud costs by 60%, and achieve 10x efficiency across DevOps. Based in San Francisco, Harness is backed by Goldman Sachs, Menlo Ventures, IVP, Unusual Ventures, and Citi Ventures.

About Kong

Kong Inc., a leading developer of API and AI connectivity technologies, is building the connectivity layer of AI. Trusted by the Fortune 500® and AI-native startups alike, Kong’s unified API and AI platform enables organizations to secure, manage, accelerate, govern, and monetize the flow of intelligence across APIs and AI traffic — on any model, any cloud. For more information, visit www.konghq.com.

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SOURCE Harness

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