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Alt DRX Raises $2.7 Million in Pre-Series A Round, Backed by Global Investors

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Pioneering residential real estate tokenization platform wants to turn every Indian into a Property Investor, 1 SQFT at a time!

BENGALURU, India, May 9, 2025 /PRNewswire/ —  Alt DRX, India’s first Tokenised Digital Real Estate Marketplace, announced today that it has successfully closed its Pre-Series A funding round, raising ₹23 crore ($2.7 million).The round witnessed participation from globally renowned institutions and marquee Indian investors, including Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, nX Capital, and prominent angel investors such as Harsha Bhogle (Golden Voice of Cricket), Parthasarathy (Founder of Mindtree), and Richard Rekhy (ex CEO of KPMG India).

Alt DRX is on a mission to make residential real estate — the world’s largest and most stable asset class — accessible to Middle India. Traditionally out of reach for many, residential real estate offers strong long-term returns, acts as a hedge against equity market volatility, and provides intrinsic safety and liquidity. Alt DRX democratizes this asset class by enabling middle India to buy and sell tokenized residential properties one SQFT at a time, powered by algorithmic daily pricing, instant settlements, and blockchain-powered transparency. Leveraging US based XRPL Ripple’s blockchain infrastructure, Alt DRX ensures its KYC-whitelisted users’ custodial ledger positions are securely recorded for delivering unmatched transparency and creating a trusted, programmable digital real estate ownership experience unlike anything seen before.

Boston Consulting Group & Ripple in a recent report estimated the RWA Tokenization market to reach $18 trillion by 2033, with Real Estate and Alternate Investment Funds (PE / VC / Hedge) being amongst the top 3 asset classes to be tokenized into tradeable digital assets. “We believe the next 100 million real estate investors will be digital-first and will invest dispassionately beyond their hometowns into in the best residential cities across India and the world,” said Anand Narayanan, one of the Founders of Alt DRX. “Residential Real estate is entering its most profound disruption in decades — Tokenised Digital Real Estate, liquid, transparent and tradeable. Alt DRX is not just innovating at the edges; we are reimagining the core of residential real estate investment for a digital-first generation.”

Alt DRX is already part of the innovation sandbox of International Financial Services Centre Authority (IFSCA) at GIFT City in Gujarat India. Further its admission into Qatar Financial Centre’s Digital Assets Lab marked a significant milestone in the company’s aspiration to actively shape the future of a compliant, tokenized Real-World Asset (RWA) Tokenization marketplace.

About Alt DRX 

Headquartered in Bengaluru and intending to operate from International Financial Centres such as GIFT City & Qatar Financial Centre, Alt DRX is at the forefront of financial innovation in South Asia and the Middle East. The Tokenization Marketplace, which was recognized by HDFC Bank & HDFC Capital as the one of India’s Top 10 Tech Innovators, is growing at a run-rate of about 100,000 transactions per annum. Alt DRX’s mobile app can be downloaded from Apple and Google play store.

Photo: https://mma.prnewswire.com/media/2682599/Alt_DRX_Team.jpg

 

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INVT at DCW Asia 2026: Power and Cooling for Higher-Density Data Centers

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SINGAPORE, Oct. 2, 2026 /PRNewswire/ — INVT showcased integrated power and liquid cooling solutions at Data Centre World Asia 2026, held September 29–30 in Singapore. The display highlighted how coordinated power distribution, thermal management and infrastructure planning can help data centers accommodate growing AI workloads.

For operators across Asia, the challenge is preparing existing facilities and new projects for greater computing demand while balancing deployment efficiency, reliability and return on investment.

Coordinating Power and Cooling

INVT presented its full modular data centerportfolio, including single-row, dual-row and containerized solutions, alongside the iTalent Liquid-Cooled Modular Data Center. The iTalent system integrates liquid-cooled cabinets, power distribution, intelligent monitoring and secondary-loop piping within a pre-engineered module to simplify on-site integration.

For new facilities and phased expansions, these solutions support coordinated planning that considers deployment requirements, initial investment and long-term operating costs.

The iTalent system incorporates INVT’s coolant distribution unit (CDU) technology, featuring redundant pumps, leak detection, and real-time temperature and pressure monitoring. Standalone CDU options support gradual liquid cooling adoption, enabling upgrades around existing heat-rejection capacity, piping conditions and IT requirements.

Megawatt-Class Power Per Cabinet

INVT also presented its RM modular UPS, with capacities from 100 to 1200 kVA, and a 150 kW power module in a compact 3U form factor, with double-conversion efficiency of up to 98.3%.

The compact design helps optimize space utilization, while modular architecture supports capacity additions as IT demand grows, helping operators align investment with deployment stages and reduce initial over-provisioning.

The exhibition connected these product capabilities with practical project decisions: how to introduce liquid cooling, allocate space for power equipment and expand infrastructure as demand develops. This approach supports discussions between operators, consultants and engineering teams before equipment selection and site integration.

Connecting Manufacturing with Project Delivery

“Operators upgrading existing facilities or building new capacity need to consider equipment compatibility, delivery schedules and long-term support,” said Real, INVT’s ASEAN Director. “Our in-house engineering and manufacturing capabilities give project teams direct access to discussions on configurations, interfaces and factory testing, helping address integration requirements early.”

About INVT

Founded in 2002, Shenzhen INVT Electric Co., Ltd. is listed on the Shenzhen Stock Exchange (stock code: 002334). Its data center infrastructure portfolio includes UPS, precision cooling and integrated modular solutions for telecommunications, finance, education and other sectors. INVT’s data center equipment serves customers in more than 120 overseas countries and regions.

Contact:upssales@invt.com

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SOURCE Shenzhen INVT Electric Co., Ltd.

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Hyundai Motor Unveils the All-New TUCSON, Its Boldest SUV

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The all-new TUCSON embodies the “Boldest SUV” vision through its “Art of Steel” design, enhanced hybrid performance and intelligent efficiency, and advanced Pleos Connect infotainment systemA refined, spacious cabin enhances everyday comfort with intuitive controls, flexible storage and available relaxation featuresNext-generation Hybrid System delivers intelligent efficiency, targeting up to 42 mpg while harmonizing fuel economy with dynamic driving performancePleos Connect drives everyday progress with an ever-evolving digital experience, enabled by Gleo AI, an expanding app marketplace, and intuitive UI/UXTUCSON XRT PRO expands adventure capability with Smart Terrain Assist and advanced off-road technologiesHyundai premieres the all-new TUCSON globally against the Manhattan skyline, showcasing the vehicle’s progressive spirit and reinforcing its position as a global SUV icon.

NEW YORK, Oct. 2, 2026 /PRNewswire/ — Hyundai Motor Company today unveiled the all-new TUCSON, introducing its boldest SUV ever, which combines the “Art of Steel” design philosophy, hybrid performance enhanced by intelligent efficiency, and the advanced Pleos Connect next-generation infotainment system.

The all-new TUCSON made its world premiere against the iconic backdrop of the Manhattan skyline in New York City, underscoring Hyundai Motor’s confidence in its best-selling global SUV. The dynamic urban venue reflected the vehicle’s progressive spirit, celebrating TUCSON’s rich heritage as a global market leader while signaling a new era of versatile mobility.

Designed for ultimate versatility, the all-new TUCSON seamlessly transitions from sophisticated daily commutes to rugged weekend getaways. Guided by the “Art of Steel” design philosophy, it combines muscular exterior styling with a purposeful, tech-forward interior. Alongside the standard model, the debut of the rugged TUCSON XRT PRO further elevates its off-road capability. Integrated with Pleos Connect featuring Gleo AI, an advanced Next-generation Hybrid System, and Hyundai’s first Smart Terrain Assist (STA), the all-new TUCSON lineup empowers customers with confidence and elevated convenience across diverse lifestyles and life stages.

“Millions of families around the world count on the Hyundai TUCSON, and this is the best one we have ever built,” said José Muñoz, President and CEO, Hyundai Motor Company. “Its combination of bold design, generous cabin space, seamless infotainment, and available hybrid efficiency sets a new standard for what customers should expect in this segment. TUCSON opens the most ambitious product offensive in our history, including more than 100 new and refreshed vehicles globally by 2030 — 58 in North America alone.”

[Explore The all-new TUCSON in Detail]

Watch the official all-new TUCSON launch film on Hyundai Worldwide’s YouTube channel. Discover key highlights about the all-new TUCSON [Link].

More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

SOURCE Hyundai Motor Company

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Nuix Takes to Sibos 2026 to help Financial Institutions Turn Complex Data into Financial Crime Intelligence

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MIAMI, Oct. 1, 2026 /PRNewswire/ — Nuix, a global leader in investigative analytics and intelligence software, was at Sibos 2026 in Miami, where the company showcased how its Nuix Neo platform helps financial institutions uncover financial crime, build evidence, defensibly support prosecution and enable justice from within complex, unstructured data.

Up to 90% of enterprise data is unstructured, including emails, documents, chat, counterparty data, transaction records, case files, and voice, that conventional systems cannot read, meaning critical risk signals could be missed. While the financial services industry continues to invest heavily in artificial intelligence (AI), Nuix is drawing attention to a more fundamental challenge: ensuring the data underpinning those investments is complete, accessible, reliable and connected.

“AI is only as good as the data beneath it, and in complex financial crime investigations seeing and connecting all evidence is critical,” said Chris Stephenson, Head of Industry Advocacy at Nuix.

Nuix Neo is an integrated, AI-enabled, unstructured data intelligence platform with a patented data processing engine that can extract information from complex data, processing over 1,000 file types with forensic precision, at a binary level. Deterministic natural language processing classifies and risk scores the data, while the platform’s semantic search capabilities surface relevant documents based on meaning and context, across languages. Each step in the workflow seamlessly filters, minimizes, curates and prioritizes the data to reduce manual data review and optimize investigative outcomes. Every action is recorded at the point of processing rather than reconstructed afterwards, so an institution can show a regulator, a Financial Intelligence Unit (FIU) or a court how a conclusion was reached.

Nuix has integrated decision intelligence and graph analytics capabilities from its acquisition of Linkurious, into Nuix Neo to help financial crime teams visualize relationships across accounts, people, organizations and transactions. This allows analysts to explore how those entities are connected and identify sophisticated patterns across complex networks at scale.

“Financial crime teams are not short of alerts; they are short of certainty. When data is fragmented, unstructured, and complex, the work becomes piecing it together with the wider context to build a full picture. We do that part, so the team’s hours go to the risk that matters and the decision is explainable and defensible end to end,” said Stephenson.

“Once you can see the network, you can investigate the risk in context,” said Stephenson. “With Nuix Neo analysts can follow a counterparty across accounts, jurisdictions and years of transaction history, and then show a regulator exactly how they got there.”

Financial crime compliance teams can investigate the counterparty relationships, transaction patterns and connections that can be difficult to identify through traditional tabular analysis. They can analyze multi-hop relationships, overlay external enrichment sources and corporate registries to uncover sophisticated criminal schemes. Analysts can triage with confidence, and years of historical transaction data can be reprocessed to surface patterns earlier models missed.

Explainable, Defensible AI

Nuix Neo’s responsible AI architecture incorporates deterministic scoring to drive explainable, auditable, and defensible outcomes. Organizations can also connect their own approved large language models with Nuix Neo’s BYO-AI capability, maintaining data sovereignty and audit trails. As with any Gen AI capability, outputs remain probabilistic and must be verified against source material and are intended to support, not replace, the judgment of qualified investigators, analysts, reviewers, and legal professionals.

About Nuix
Nuix is a leading provider of investigative analytics and intelligence software, that empowers customers to be a force for good by finding truth in the digital world. We help customers collect, process and review large amounts of structured and unstructured data, making it searchable and actionable at scale and speed, with forensic accuracy.
For further information, please visit nuix.com

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SOURCE Nuix

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