Technology
MongoDB Delivers Accurate AI Retrieval Wherever Enterprise Data Lives
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2 months agoon
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New Voyage AI capabilities and Search for on-premises and private cloud let enterprises build accurate, compliant AI applications to run anywhere without rewriting their applications and relying on bolt-on tools
BENGALURU, India, June 30, 2026 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced new capabilities at MongoDB.local Bengaluru that address the two reasons enterprise AI projects routinely stall before production: retrieval that isn’t accurate enough to trust and infrastructure that can’t meet compliance requirements. voyage-context-4, Hybrid Search, and Native Reranking work together to improve retrieval accuracy, with Native Reranking alone improving retrieval quality by up to 30%*. The capabilities are powered by Voyage AI models that outperform Google and Cohere on the public Retrieval Embedding Benchmark leaderboard. Search and Vector Search are now generally available for MongoDB Enterprise Advanced and Community Edition, bringing the same retrieval capabilities Atlas customers rely on to on-premises, private cloud, and local environments where regulated enterprises and startups operate. Together, these capabilities give enterprises and builders a production-ready retrieval stack that is accurate, compliant, and deployable wherever their data lives.
“The biggest barrier to enterprise AI in production and at scale isn’t the LLM. It’s memory, retrieval, accuracy, and compliance. Most enterprises aren’t blocked by ambition. They’re held back by infrastructure that wasn’t designed to provide AI with trusted access to enterprise data. Bolting on more systems to solve those problems only creates more vendors, more latency, and more points of failure,” said Ben Cefalo, Chief Product Officer, Core Products, MongoDB. “Whether you’re running in the cloud, private cloud, or behind a firewall, MongoDB gives you the same production-grade retrieval capabilities wherever your data lives.”
Voyage AI: Accuracy begins with top-ranked embedding models
Accuracy is the first bar AI has to clear for production. The second is ensuring AI works from current data, not outdated data sitting in a separate search system. Today, MongoDB launched three new capabilities, built into the database, that deliver more accurate retrieval and keep applications working from current data.
Native Reranking in MongoDB Atlas, now in public preview, is powered by Voyage AI and delivers up to a 30% boost in retrieval quality directly inside the database, eliminating a leading cause of AI project failure. It works on top of existing search results, with no external APIs, keys, or round-trips to manage.Voyage Context 4, now generally available, is a new embedding model built for long documents. It processes long documents in full context rather than isolated chunks, preserving meaning across complex enterprise content for better retrieval accuracy. It drops into existing RAG pipelines without re-architecting.Hybrid Search in MongoDB, now generally available, combines full-text and vector search in a single query inside the operational database, delivering precision retrieval without separate systems or complex query logic. Because embeddings stay up to date automatically, agents retrieve from the current state of the data rather than a stale copy.
Emergent Labs is an AI-native app development platform and one of the fastest growing startups in the world. The company first tested its platform on PostgreSQL, where agents repeatedly got stuck in schema migration loops every time users refined their ideas. On MongoDB Atlas, agents create and modify data structures freely as applications evolve, and because search and embeddings live in the same database as that constantly changing data, retrieval keeps up with it.
“Our agents write code, modify data structures, and act on what they read back millions of times a day. If retrieval returns something stale or wrong, the agent builds on it, and the error compounds. MongoDB gives us the retrieval accuracy to keep agents working from the current state of the data, and that’s what lets us run two million applications at scale,” said Mukund Jha, CEO of Emergent Labs.
Run AI anywhere without compromising on accuracy or increasing risk
Retrieval accuracy is only half the problem enterprises face. The other half is whether they’re allowed to run it where their data must reside, and for enterprises in regulated industries, the answer is rarely the public cloud. Data residency mandates, sovereignty rules, and compliance frameworks don’t bend for innovation timelines, yet the most capable AI tooling has been built cloud-first, leaving regulated enterprises to choose between compliance and capability.
Today, MongoDB Search and Vector Search are now generally available as an add-on for MongoDB Enterprise Advanced, bringing the same retrieval capabilities MongoDB Atlas customers have been building in on-premises, private cloud, and hybrid environments, with the same platform, API, and technical skills regardless of where the workload runs. Ahead of this release, more than 20 of the world’s largest banks and financial institutions have been evaluating Search for Enterprise Advanced, drawn by the same thing: AI-ready retrieval that runs inside the infrastructure they control.
Search and Vector Search are now generally available for MongoDB Community Edition, enabling builders to implement AI retrieval locally at no cost. A startup can prototype on a laptop with full-text search, vector search, and hybrid search in one single system, then move to Atlas or Enterprise Advanced when it’s ready to scale, without re-architecting or switching databases.
Investing in India for the long term
As part of MongoDB.local Bengaluru, the company also announced plans to upskill two million Indian builders by 2030. MongoDB is expanding its MongoDB for Academia program through partnerships with the All India Council for Technical Education, HCL GUVI, and the ICT Academy of Kerala. Since 2023, the program has reached more than 650,000 students.
MongoDB also launched Bengaluru to the Bay, a startup challenge that gives early-stage AI founders a path from India’s builder ecosystem to San Francisco’s AI community during SF Tech Week experience. $50,000 in MongoDB Atlas credits, travel, and go-to-market opportunities included.
What’s new at MongoDB.local Bengaluru 2026
voyage-context-4 (Generally available): Next-generation contextualized embeddings with document-level context and auto-chunking; a drop-in upgrade for existing retrieval-augmented generation (RAG) pipelines.Native Reranking in MongoDB Atlas (Public Preview): Reranking runs inside the aggregation pipeline – no external APIs, no round-trips – and delivers up to a 30% boost in retrieval quality directly inside the database.Hybrid Search (Generally available): More accurate retrieval by combining full-text precision and vector-based semantic understanding in a single query on live operational data.Search and Vector Search for MongoDB Enterprise Advanced (Generally available): Production AI behind your firewall, under your compliance framework, with full parity to MongoDB Atlas capabilities.Search and Vector Search in MongoDB Community Edition (Generally available): Full-text, vector, and hybrid retrieval in self-managed environments, at zero cost to start.MongoDB Atlas Stream Processing: Apache Iceberg Support (Generally available): MongoDB Atlas now supports Apache Iceberg via the new $iceberg aggregation stage in Atlas Stream Processing, enabling any Atlas collection to be continuously synchronized to Iceberg tables on AWS object storage.Gen2 MongoDB Atlas M30+ Dedicated Clusters on AWS (Generally available): Next-generation infrastructure for high-scale production workloads.Asymmetric Search Node deployment for multi-region Atlas clusters: (Generally available): Set Search Node capacity to match each region’s actual search traffic and lower total Search Node cost on multi-region clusters by 25–40%+MongoDB for Academia Expansion: Targeting 2 million builders trained by 2030 through HCL GUVI, ICT Academy of Kerala, and AICTE partnerships.Bengaluru Meets the Bay—startup contest: $50K in MongoDB credits plus travel and VIP access to MongoDB.local San Francisco for winning founders.
*Based on Voyage instruction-following rerankers on the MAIR benchmark; improvement measured over first-stage retrieval.
About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries with software. MongoDB’s unified database platform was built to power the next generation of applications, and MongoDB is the most widely available, globally distributed database on the market. With integrated capabilities for operational data, search, real-time analytics, and AI-powered data retrieval, MongoDB helps organizations everywhere move faster, innovate more efficiently, and simplify complex architectures. Millions of developers and more than 65,200+ customers across industries—including ~75% of the Fortune 100—rely on MongoDB for their most important applications. To learn more, visit mongodb.com.
Forward-Looking Statements
This press release includes certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including new capabilities announced at MongoDB .local Bengaluru 2026. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” “would” or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: our customers renewing their subscriptions with us and expanding their usage of software and related services; global political changes; the effects of the ongoing military conflicts between Russia and Ukraine and Israel and Hamas and recent events in Venezuela on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; reputational harm or other adverse consequences resulting from use of AI and ML in our product offerings and internal operations if they don’t produce the desired benefits; our limited operating history; our history of losses; our potential failure to repurchase shares of our common stock at favorable prices, if at all; failure of our platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements, including AI and ML; social, ethical and security issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; our ability to continue to increase revenue from our Atlas platform; the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as AI and ML, in our offerings or partnerships; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; our ability to integrate acquisitions and work with our strategic partners effectively; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-Q for the quarter ended April 30, 2026, filed with the SEC on May 29, 2026. Additional information will be made available in other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
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SOURCE MongoDB, Inc.
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Technology
EPC Power Announces Sale to Flex for $4.4 Billion
Published
4 minutes agoon
September 4, 2026By
EPC Power’s Intelligent Power Conversion Solutions Directly Address the Fundamental Challenges of an Aging U.S. Power Grid Supporting the Energy Demand Supercycle and the AI Era
POWAY, Calif., Sept. 3, 2026 /PRNewswire/ — EPC Power Corp. (“EPC Power”), a leading North American designer and manufacturer of high-performance, software-defined power conversion solutions for data centers, utility-scale energy storage, and microgrids, today announced it has entered into a definitive agreement to be acquired by Flex (NASDAQ: FLEX) for $4.4 billion. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to close in the fourth quarter of 2026. Building on the two companies’ existing collaboration, EPC Power will become, upon closing, a business within Flex’s Cloud and Power Infrastructure segment.
The transaction brings EPC Power’s differentiated power conversion technology platform to Flex’s broad portfolio of power and thermal management technologies for mission-critical applications. EPC Power’s next-generation 800-volt data center power architectures, including digital rectifiers and solid-state transformers, enable more efficient power delivery for higher-density AI infrastructure and extend leadership with Flex into an integrated grid-to-chip portfolio. The combined company is positioned to help solve one of the most pressing challenges facing the technology and energy industries today: delivering the fast, resilient and secure power that AI data centers need while supporting stable grid operations amid a generational surge in power demand.
“What we accomplished over the last four years demonstrates the power of strong partnerships and a shared commitment to innovation. Together with Goldman Sachs Alternatives and Cleanhill Partners, EPC Power emerged as a U.S. technology leader in power conversion solutions that enable the next generation of data centers, AI computing, and grid modernization. We expanded our domestic manufacturing footprint nearly tenfold, strengthening America’s industrial base and reinforcing the critical role of U.S. innovation in powering the future economy. This is only the beginning of what EPC Power can accomplish,” said Jim Fusaro, Chief Executive Officer of EPC Power.
“This is a landmark moment for EPC Power and every colleague who helped build this company. When we founded EPC Power, we set out to solve the hardest problems in power electronics, and our partnership with Goldman Sachs Alternatives and Cleanhill Partners enabled us to solve those problems for mission-critical infrastructure globally,” added Devin Dilley, Co-Founder, President and Chief Innovation Officer of EPC Power.
Solving the Binding Constraint on AI Infrastructure
Power availability has become the gating factor for data center growth. As AI workloads drive unprecedented increases in power density, resilience and control requirements, operators must address speed-to-power and load volatility, where the rapid, large-swing power draw of AI training and inference clusters can destabilize the local grid.
EPC Power’s technology is purpose-built for these conditions. The company’s solutions, including its Agile Grid Forming™ technology, deliver performance and reliability that enables on-site energy storage, microgrid and grid-support configurations for data centers, which allow operators to energize capacity faster and ride through grid instability. Grid operators and utilities benefit from stronger reliability and power quality across their networks.
“We are immensely proud of our partnership with Jim, Devin and the EPC Power team that saw the company launch new product platforms, increase domestic U.S. manufacturing and partner with customers to solve novel challenges in AI power architecture. EPC Power plays a critical role in supporting grid reliability and speed to power during a period of growing concerns around energy security. We wish Flex and the EPC team continued success during their stage of growth,” said Alexander Mass, Global Co-Head of Energy Transition Investing within Private Equity at Goldman Sachs Alternatives.
“As grid resilience and data center power demand have converged into one of the defining challenges of the next decade, it has been a privilege to support EPC Power’s operational and commercial scale-up into a global platform positioned at the center of those megatrends,” added Eddie Sigman, Investor within Private Equity at Goldman Sachs Alternatives.
“We first invested in EPC Power in 2021 because we believed power conversion would become a critical enabling technology as renewable generation, grid modernization and digital infrastructure converged. That conviction came well before the extraordinary growth in power demand driven by AI. Since then, we have had the privilege of working closely with Jim, Devin and the EPC team as the company grew, expanded its U.S. manufacturing footprint and created high-quality jobs in the U.S. We are proud to have supported EPC from an early stage and, in its next phase, alongside Goldman Sachs Alternatives as the business entered a new period of growth. Seeing what the team has built over the past five years has been incredibly rewarding, and we believe Flex is the right partner for EPC’s next chapter,” said Ash Upadhyaya and Rakesh Wilson, Managing Partners at Cleanhill Partners.
Goldman Sachs & Co. LLC. and J.P. Morgan Securities LLC served as financial advisors, and Vinson & Elkins LLP served as legal counsel, to EPC Power and its controlling shareholders Goldman Sachs Alternatives and Cleanhill Partners.
About EPC Power
EPC Power Corp. (EPC Power) is a power solutions platform that develops high-performance power conversion systems for mission-critical applications, including data centers, utility-scale energy storage, and microgrids. EPC Power’s solutions are designed to deliver reliable, resilient, and secure energy for demanding applications, including AI-driven workloads and grid stability use cases supported by EPC Power’s Agile Grid Forming™ technology. Visit EPCPower.com for more information.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex’s intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources
About Private Equity at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $706 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has more than $4.0 trillion in assets under supervision globally as of June 30, 2026.
Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios.
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About Cleanhill Partners
Cleanhill Partners is a private equity firm focused on energy transition and digital infrastructure. The firm invests in companies across power generation, energy storage, grid modernization, domestic manufacturing and related technologies that support the growing demand for reliable power.
Cleanhill works closely with management teams to help companies scale and build long-term value. The firm is led by investors and operators with more than two decades of experience across. For more information, visit www.cleanhillpartners.com.
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SOURCE EPC Power
Technology
VeriPark selected by Queensland Country Bank to support major technology transformation
Published
1 hour agoon
September 3, 2026By
LONDON, Sept. 4, 2026 /PRNewswire/ — VeriPark, a global financial services technology provider, announced that Queensland Country Bank has selected its customer experience solutions as part of a major transformation program designed to deliver more connected, and member-focused banking experiences.
Queensland Country Bank will implement VeriPark’s VeriChannel digital banking platform, VeriTouch CRM platform and VeriLoan loan origination system. Together, the solutions will support digital banking, onboarding, lending and customer engagement across digital and assisted channels.
The broader transformation also includes Fiserv’s Finxact core banking platform and Vision Next card management solution. By bringing these technologies together, Queensland Country Bank is creating a future-ready environment spanning core banking, cards, lending, customer relationship management and digital channels.
The program will help the bank progressively modernize its platforms, reduce technology complexity and create more integrated experiences across member touchpoints, while preserving its community and member-owned focus.
“This is an important step in the next chapter of Queensland Country Bank,” said Shawn Anderson, Chief Transformation Officer of Queensland Country Bank. “Our Members expect banking to be simple, reliable and personal. By partnering with Fiserv and VeriPark, we are investing in the foundations that will help us deliver better experiences, support our people and continue serving Queensland communities well into the future.”
“We are proud to partner with Queensland Country Bank as it builds the foundations for its next generation of Member experiences,” said David Dervish, Chief Revenue Officer at VeriPark. “By connecting digital banking, lending and customer engagement, our platform will help the bank deliver more personalised and seamless journeys while giving its teams a more unified view of every Member. We look forward to turning this transformation vision into tangible value for Members and employees.”
QCB (www.queenslandcountry.bank)
Queensland Country Bank is a member-owned bank committed to helping Queenslanders live better lives through better financial wellbeing achieved through personal service, local understanding and community-focused banking. With roots across regional Queensland, the bank provides a range of banking products and services for Members across the state.
VeriPark (veripark.com)
VeriPark is a global solutions provider enabling financial institutions to become digital leaders by placing Customer Experience at the core of digital transformation. From Omnichannel Delivery and Customer Engagement to Branch Automation and Loan Origination, VeriPark helps financial institutions accelerate digital transformation, increase productivity, and achieve tangible business outcomes.
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Technology
Intouch Insight to Unveil Annual Drive-Thru Study at QSR Evolution Conference
Published
2 hours agoon
September 3, 2026By
Intouch Insight (INX: CA) to reveal the results of its annual Drive-Thru Study during the main stage session at the QSR Evolution Conference in AtlantaMain stage reveal to be delivered by VP Sales, Marketing & Product Strategy Sarah Beckett and Chief Revenue Officer Laura Livers on Thursday, September 10, 2026, ahead of the day’s keynoteBeckett and Livers will also moderate a panel of quick service restaurant operators on the technologies shaping the drive-thru of the future
OTTAWA, ON, Sept. 3, 2026 /CNW/ — Intouch Insight Ltd. (OTCQX: INXSF) (“Intouch” or the “Company”), a provider of customer experience measurement solutions, today announced that it will present the findings of its annual Drive-Thru Study on the main stage at the QSR Evolution Conference, taking place September 8-10, 2026, at the Hyatt Regency Atlanta. This marks the fourth consecutive year Intouch has partnered with QSR Magazine and Arrowfly, formerly WTWH Media, to bring the study’s results to the conference stage.
The main stage session, “Intouch Insight Drive-Thru Report Reveal,” is scheduled for Thursday, September 10, 2026, at 8:45 a.m. Eastern Time, immediately ahead of the day’s keynote. Sarah Beckett, VP Sales,Marketing & Product Strategy, and Laura Livers, Chief Revenue Officer, will give attendees an early, exclusive look at the fastest, most accurate, and best customer service drive-thrus in America.
Beckett and Livers will also moderate a panel session, “Unveiling the Drive-Thru of the Future,” which goes deeper into the technologies and innovations separating winning brands, and what it takes to run a modern drive-thru that delivers consistency and experience at scale. Panelists include Taylor Crookston-Grace, Director, Brand Standard, BK US&C Operations; Michael MacLennan, Cofounder and Co-CEO, Tryarc; Chris Cheek, Chief Development Officer, Newk’s Eatery; Trace Miller, Founder & CEO, Konala; and Tim Sharpe, COO, Oliver’s Real Food.
Now in its fourth year, the QSR Evolution Conference brings together senior leaders from across the quick service restaurant industry for practitioner-led sessions on operations, technology, and customer experience. Intouch’s participation on the main stage reflects its continued work in customer experience measurement and operational audits for restaurant operators and other multi-location brands.
Cameron Watt, President and Chief Executive Officer of Intouch Insight, said:
“The drive-thru study has become one of the most anticipated benchmarks in the industry, and the main stage at QSR Evolution is the right place to reveal it. Our research shows where brands are winning on speed, accuracy, and service, and where the gaps still are. We are looking forward to putting that data in front of the operators who can act on it, and to a fourth year of partnering with QSR Magazine and Arrowfly to make it happen.”
About Intouch Insight
Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.
Certain statements included in this news release including those related to the Company’s quarterly results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements that are made as of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management cautions the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Intouch Insight Ltd.
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