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Knostic Nabs $11 Million to Eliminate Enterprise AI Data Leaks

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Top cyber luminaries bet on Gadi Evron and Sounil Yu’s latest AI security venture following impressive sweep at Black Hat and RSA startup competitions

HERNDON, Va., March 5, 2025 /PRNewswire/ — Knostic, the world’s first provider of need-to-know access controls for Generative AI, today celebrates an $11 million investment to secure enterprise large language models (LLMs). The funding will be used to bolster Knostic’s offering, supporting enterprises in their AI transformation and adding a customizable safety layer to tools such as Microsoft 365 Copilot and Glean. This additional round brings the company’s total funding to date to $14 million.

“The problem is that these tools just can’t keep a secret, lacking the ability to discern what’s appropriate, in what context — think bonuses, sales revenue, mergers and acquisition information and more,” said Gadi Evron, co-founder and CEO of Knostic. “Businesses can’t adopt these tools without Knostic and we’re grateful our investors recognize this.”

This funding round was led by Bright Pixel Capital with follow-on investments from new and previous investors such as Silicon Valley CISO Investments (SVCI), DNX Ventures, Seedcamp, and angel investors Kevin Mahaffey (founder of Lookout), and Gerhard Eschelbeck (former CISO of Google) among others.

“In this era of rapid digital transformation, it’s rare to find a board that isn’t asking about AI, yet attempts to keep LLMs in check have failed time and time again,” said Fernando Martins, Director of Cybersecurity at Bright Pixel Capital. “Enterprises who want to use LLMs for their benefit need Knostic to lock down information – it’s that simple. We’re energized by the major demand Gadi and his team are already seeing, and we’re eager to support them as their customer base expands even further.”

“At SVCI, the CISO members devote considerable time and effort to evaluating specific segments of the cybersecurity market before deciding to partner and invest in a company. While the intersection of AI and security is broad, access control remains one of the most significant risks. As companies accelerate AI adoption at the board level, Knostic’s need-to-know technology plays a crucial role in facilitating this transformation. As a result, we, at SVCI chose to back Knostic,” said Shaun Marion, CISO at Xcel Energy, previously with McDonald’s, and one of the CISO investors in SVCI.

Knostic serves as a safety net for LLM tools, earning recognition at the industry’s top tradeshows. Shortly after its market debut, the company was named as a Launch Pad winner at the 2024 RSA Conference and the 2024 Black Hat Startup Spotlight Competition, the only startup to ever be nominated and win both.

“Unlike traditional access controls, which limit our options to just allowing or denying access, need-to-know policies enable LLM answers that can be reshaped to fit within the user’s own business context,” explained Sounil Yu, co-founder and CTO of Knostic. “Need-to-know boundaries allow enterprises to accelerate their AI adoption without compromising security.”

“LLM oversharing is a huge problem that enterprises really need to pay attention to,” shared Adm. Mike Rogers (Ret.), Knostic advisory board member and former NSA Director. “In a world of heightened awareness around data privacy (and thus negative repercussions for disregarding it), Knostic’s technology is crucial for enterprises looking to avoid reputational, legal and financial harm as AI becomes a strategic imperative.”

To learn more about how Knostic is transforming the way businesses use AI, please visit: https://www.knostic.ai/.

About Knostic
Knostic was founded in 2023 by veteran cybersecurity experts and innovators Gadi Evron (serial entrepreneur, previously from Citibank and PwC) and Sounil Yu (former Chief Security Scientist at Bank of America), with the goal of ensuring the safe adoption of AI at enterprises at scale. Knostic is the world’s first provider of need-to-know based access controls for Large Language Models (LLMs). With knowledge-centric capabilities, Knostic enables organizations to accelerate the adoption of LLMs and drive AI-powered innovation without compromising value, security, or safety. For more details, visit https://www.knostic.ai/

About Bright Pixel Capital
Bright Pixel Capital is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. Find out more at brpx.com.

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SOURCE Knostic

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Acron Aviation and Deutsche Aircraft Sign Long-Term Partnership for Advanced Flight Recorder and Standby Solutions for the D328eco® Programme

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ST. PETERSBURG, Fla., July 21, 2026 /PRNewswire/ — Acron Aviation and Deutsche Aircraft have announced a long-term partnership and the signing of a supply agreement for Flight Recorder and Standby solutions for the next-generation D328eco, a regional turboprop that is designed, certified and industrialised in Europe.

Designed to meet evolving operational and regulatory requirements, Acron Aviation’s 25-hour Recorder and Standby solutions combine proven reliability with advanced technology to enhance aircraft safety, operational efficiency and lifecycle performance. This directly supports Deutsche Aircraft’s vision to deliver a regional aircraft that meets the highest performance and certification standards, while enabling sustainable flight operations.

The agreement secures the supply of flight recording and standby instrumentation systems for the D328eco programme, further solidifying Deutsche Aircraft’s industrial and supplier ecosystem as the aircraft progresses towards entry into service.

“This agreement represents more than a supplier relationship; it is the beginning of a long-term partnership built on shared values, innovation and a commitment to advancing regional aviation,” said Ron Nye, President of Acron Aviation. “We are proud to support Deutsche Aircraft and the D328eco programme with our trusted Recorder and Standby solutions. As one of Europe’s most forward-looking aircraft manufacturers, Deutsche Aircraft is helping redefine sustainable regional flight, and we are delighted to contribute technologies that support the programme’s operational integrity and long-term success.”

This partnership reflects a mutual commitment to strengthening aerospace supply chains through long-term collaboration and innovation. By pairing Deutsche Aircraft’s next-generation regional aircraft with Acron Aviation’s expertise in safety-critical avionics, both companies are shaping the future of regional aviation.

“Building strong, long-term relationships with suppliers is fundamental to the success of the D328eco® programme,” said Patricia Ferrari, Vice President Supply Chain at Deutsche Aircraft. “Acron Aviation’s extensive expertise in safety-critical avionics systems and their proven track record makes them an important partner as we continue to mature our industrial ecosystem. This agreement reflects our shared commitment to quality, innovation and delivering a next-generation regional aircraft that meets the evolving expectations of operators and regulators worldwide.”

The D328eco is a next-generation 40-seat regional turboprop developed and industrialised in Germany to meet the growing demand for efficient and sustainable regional connectivity. Building on the proven heritage of the Dornier 328, the aircraft integrates advanced technologies to reduce emissions, improve fuel efficiency and enhance economic performance. Supported by a growing network of strategic industry partners, the programme continues to move forward to deliver a modern regional aircraft tailored to the needs of airlines, passengers and communities.

NOTE TO EDITORS

About Acron Aviation

Acron Aviation, an Acron Technologies company, is strategically aligned to deliver world-leading commercial aviation solutions designed to serve aircraft operators and airframe manufacturers across the globe. Our expertise extends to multiple facets of commercial aviation from OEM certified avionics to state-of-the-art simulation devices, best-in-class pilot training and market-leading flight data analytics. With a global footprint, we are uniquely positioned to deliver comprehensive, cutting-edge solutions that enhance our customers’ operations and further our mission of innovating to create safer skies.

For more information visit acronaviation.com.

About Deutsche Aircraft

Deutsche Aircraft is a German manufacturer of regional aircraft, building on the Dornier legacy to develop modern, efficient and sustainable aviation solutions. The company is advancing the D328eco, a next‑generation 40‑seat turboprop designed to improve fuel efficiency, reduce emissions and enhance operating economics for regional airlines.

As the type certificate holder for the existing Dornier 328 turboprop and jet fleet, Deutsche Aircraft aligns long‑standing technical expertise with continuous innovation. The industrialisation of the D328eco is centred at the company’s new carbon‑neutral, fully digital, final assembly line at Leipzig/Halle Airport, a facility designed to produce up to 48 aircraft per year and create 250 to 350 highly skilled jobs.

Full production readiness is planned for early 2027. The D328eco will progress through its flight test campaign, beginning with the first flight in 2026, with entry into service planned for Q4 2027.

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SOURCE Acron Aviation

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Corporate Governance Asia recognizes SM Group with 24 awards

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PASAY CITY, Philippines, July 21, 2026 /PRNewswire/ — The SM Group received 24 awards from Hong Kong-based publication Corporate Governance Asia, underscoring the conglomerate’s performance in governance, sustainability, investor relations, and corporate leadership amid an increasingly complex global operating environment.

SM Investments Corp. (SM Investments), the parent company of the SM Group, received eight awards, including the Sustainable Asia Award, Asia’s Best CSR, Best Corporate Communications, and Best Investor Relations.

SM Investments President and Chief Executive Officer Frederic C. DyBuncio was named Asia’s Best CEO (Investor Relations), while Executive Vice Presidents Erwin G. Pato and Franklin C. Gomez were recognized as co-awardees for Asia’s Best CFO (Investor Relations). Timothy Daniels, consultant and head of investor relations and sustainability, was also cited as Best Investor Relations Professional.

“We are honored to receive this recognition from Corporate Governance Asia. Governance and sustainability remain embedded in how we operate, helping strengthen resilience, support disciplined decision-making, and enable long-term value creation for our various stakeholders,” Mr. DyBuncio said.

The awards come as companies across the region navigate heightened economic volatility, geopolitical uncertainty, and growing climate-related risks.

BDO Unibank received nine awards while SM Prime Holdings Inc. received seven awards.

The recognitions were conferred during the 16th Asian Excellence Awards, which carried the theme “Reshaping Asian Leadership in a Changing Global Economic Landscape and Climate Change.”

Corporate Governance Asia is a regional publication focused on corporate governance, sustainability, investor relations, and boardroom leadership across Asia.

About SM Investments Corporation

SM Investments Corporation (SM) is an owner-operator of market-leading businesses in retail, banking, and property, with investments in high-growth opportunities in the Philippine economy. Through its portfolio, SM generates resilient cash flows and reinvests with discipline to compound value over the long term.

Its retail operations are the largest and most diversified in the country. Its property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines. Its banking interests include BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, one of the country’s largest private domestic banks.

For more information, please visit www.sminvestments.com

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SOURCE SM Group

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Paymob and UnionPay Expand Digital Payment Acceptance Across Egypt

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CAIRO, July 21, 2026 /PRNewswire/ — UnionPay International (UPI), the global payment network, has announced a massive expansion of its digital footprint in Egypt through a strategic partnership with Paymob, the leading financial services enabler in the MENA region. The collaboration has officially enabled over 160,000 POS terminals across Egypt to accept UnionPay cards, unlocking an unprecedented opportunity for local businesses to tap into lucrative, high-spending international consumer markets.

This scale-up marks a game-changing milestone for digital payments in Egypt and the wider region. It represents the rapid execution of a landmark strategic cooperation agreement signed between both parties in September 2025. In a powerful demonstration of agility and institutional alignment, the partnership moved from formal signing to full market implementation in just eight months. The original agreement was executed under the prestigious witness of both the Central Bank of Egypt and the People’s Bank of China, underscoring the geopolitical and economic importance of the corridor.

Paymob, led by Endeavor Entrepreneurs Islam Shawky, Alain El Hajj, and Mostafa Menessy, has leveraged its cutting-edge infrastructure to rapidly activate UnionPay card acceptance. This swift, large-scale commercial deployment connects millions of international cardholders directly to local Egyptian merchants, unlocking new horizons for cross-border payments, global trade, and Egypt’s accelerating digital economy.

With Egypt aggressively scaling its position as a top-tier global tourism and business hub, this expanded acceptance network empowers local merchants to seamless capture frictionless, card-present and digital payments across all major sectors,  including luxury hospitality, high-end retail, fine dining, historical tourism excursions, and transport services.

For Egyptian businesses, this initiative goes far beyond basic financial inclusion; it provides direct, frictionless access to massive international purchasing power. By eliminating reliance on physical cash exchanges and foreign currency friction, local merchants are now uniquely positioned to maximize their average basket sizes, accelerate transaction speeds, and drive immediate bottom-line revenue growth within the digital economy.

Through this infrastructure upgrade, businesses located in Egypt’s primary tourism epicenters, coastal resorts, and bustling commercial capitals can offer international visitors a familiar, trusted, and premium payment experience, driving immediate customer loyalty and unlocking previously inaccessible sales volume.

“Egypt stands at the forefront of global tourism and cross-border trade, attracting millions of affluent global visitors annually”, said Mr. Feng Chen, General Manager of UnionPay International, ” By expanding UnionPay card acceptance across Paymob’s vast merchant ecosystem, we are not just smoothing out the payment experience for global travellers, we are handing local Egyptian enterprises a powerful catalyst to capture elite international spending power and scale their businesses into the global digital economy”.

This landmark rollout directly aligns with the Central Bank of Egypt’s (CBE) vision for financial digitization and cash-lite infrastructure modernization, elevating Egypt’s merchant landscape to meet the highest global standards of electronic payment security and convenience.

As international arrivals and cross-border commercial trade continue their aggressive upward trajectory, both Paymob and UnionPay are committed to continuously expanding local acceptance capabilities, ensuring Egyptian businesses remain perfectly equipped to convert global foot traffic into measurable financial success.

View original content:https://www.prnewswire.co.uk/news-releases/paymob-and-unionpay-expand-digital-payment-acceptance-across-egypt-302830606.html

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