Connect with us

Technology

ATEL Ventures, Inc. Provides $20M Venture Debt Facility to Isar Aerospace

Published

on

– Growth debt will be invested in state-of-the-art manufacturing equipment        
required for building launch vehicles in automated series production –

SAN FRANCISCO, June 4, 2024 /PRNewswire/ — ATEL Ventures, Inc., a division of ATEL Capital Group and a provider of venture debt financing solutions to growth-stage companies, today announced the completion of an agreement to provide $20M of growth debt to Isar Aerospace, a launch service provider for small and medium-sized satellites.

Founded and headquartered in Munich, Germany, Isar Aerospace is developing Spectrum, a two-stage rocket specifically designed to launch small to medium satellites and satellite constellations into orbit.

Isar Aerospace is building on a high vertical integration and uses advanced technologies and a high degree of automation in its manufacturing, to make access to space more flexible and cost-efficient. The capital provided by ATEL Ventures will enable the company to finance the purchase of state-of-the-art equipment used in the production of its launch vehicles. 

Satellites that will be launched by Isar’s Spectrum vehicle have the capacity to bring internet connectivity to rural communities and those in developing countries—currently around one-third of the earth’s population. They can also enable multiple use cases around Earth Observation or Navigation. Such satellites will have a key role in fighting climate change or enabling smart mobility.

Steven Rea, President, ATEL Ventures said: “Satellites have enormous potential to improve access to telecommunication, resource tracking and management, and to help tackle climate change. The satellite market is expected to be worth $1TN by 2040. Launch is the key bottleneck in that revolution and we therefore expect Isar Aerospace to play a major part in it by enabling flexible and cost-efficient access to space.”

David Kownator, Chief Financial Officer, Isar Aerospace said: “Developing a launch vehicle along the approach of vertical integration requires upfront investment in specialist equipment. This agreement with ATEL Ventures is an important component of our financing model, especially as we are starting the construction of a new large-scale manufacturing facility.”

About ATEL Ventures, Inc.
ATEL Ventures Inc., a division of ATEL Capital Group, is a leading provider of venture debt and equipment financing to emerging growth companies. The company is a primary source of non-dilutive capital across the landscape of venture capital investments. ATEL Ventures is industry- and stage-agnostic, having provided capital to companies in Information Technology, Life Sciences, Energy, Agriculture, Material Sciences, and Consumer Products and Services. For more information, visit: https://atelventures.com/ or contact Steven Rea: srea@atel.com

About Isar Aerospace
Isar Aerospace, based in Ottobrunn/Munich, develops and builds launch vehicles for transporting small and medium-sized satellites as well as satellite constellations into Earth’s orbit. The company was founded in 2018 as a spin-off of Technical University Munich. Since then, it has grown to more than 400 employees from more than 50 nations with many years of hands-on rocket know-how and experience within other high-tech industries. More information via: www.isaraerospace.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/atel-ventures-inc-provides-20m-venture-debt-facility-to-isar-aerospace-302161554.html

SOURCE ATEL Ventures

Continue Reading

Technology

Optro Establishes UAE Hub to Support Rapid Transition to Agentic GRC Across the Middle East

Published

on

By

Expansion comes as UAE government mandates transition to Agentic AI models, driving demand for continuous assurance and autonomous risk governance.

DUBAI, UAE, Oct. 6, 2026 /PRNewswire/ — Optro, the leading AI-powered GRC Intelligence Platform, today announced its expansion into the United Arab Emirates (UAE), establishing Dubai as the company’s newest regional center. The move represents a major step forward in serving global GRC teams and providing localized support for its rapidly growing customer base across the Middle East and North Africa (MENA) region. The announcement was made at the 2026 CAE Conference in Abu Dhabi, United Arab Emirates.

The expansion comes at a historic inflection point for technology governance in the region. Under the “UAE Government 4.0” directive of the UAE National Strategy for Artificial Intelligence 2031, federal institutions are tasked with converting 50 percent of government sectors, services, and operations to autonomous Agentic AI models within a two-year timeline. As non-human agents gain authority to execute workflows, invoke APIs, and issue binding administrative decisions, enterprise and public-sector audit, risk, compliance, and infosec teams are facing unprecedented operational, cybersecurity, and regulatory complexities.

With strict regulatory frameworks taking shape, including Central Bank of the UAE (CBUAE) AI & ML Guidance, the UAE National AI Policy & Ethics guidelines, the Federal Personal Data Protection Law (PDPL), and Cybersecurity Council/NESA standards, demand is surging for connected, real-time approaches to audit, risk management, data sovereignty, and non-human access control. Optro is built specifically for this paradigm shift. By deploying agentic AI tailored to regional frameworks, Optro gives local practitioners an unmatched ability to execute continuous risk assessments, manage non-human access identities, and automate live compliance mapping against evolving UAE regulations.

“Enterprises and public sector organizations across the Middle East are setting a global benchmark for autonomous innovation,” said Raul Villar Jr., Chief Executive Officer at Optro. “However, deploying agentic AI at scale requires a corresponding evolution in control and assurance. By establishing our regional hub in the UAE, we are delivering the localized presence, partner network, and agentic GRC tools required to help organizations govern autonomous operations, protect data sovereignty, and turn regulatory compliance into a competitive advantage.”

“Internal Audit and GRC functions are playing an increasingly strategic role in helping organizations strengthen resilience, enhance governance, and respond to emerging risks,” said Fady Nader, EY MENA Risk Consulting Partner. “As organizations continue to embrace digital transformation and AI-enabled ways of working, there is a growing need for integrated assurance and timely risk insights. We are pleased to collaborate with Optro in supporting organizations across the region as they evolve their governance, risk and assurance capabilities and adapt to an increasingly dynamic business environment.”

“Our alliance with Optro reflects Deloitte’s commitment to helping clients modernise their control environments,” said James Smith, Controls Assurance Leader at Deloitte Middle East. “Optro’s investment in regional data hosting is another important step and demonstrates their long-term commitment to the region and we are proud to partner with them.”

Optro’s expansion into the UAE follows the company’s recent launch of its Asia-Pacific (APAC) regional hub in Singapore, announced at The Institute of Internal Auditors (IIA) International Conference in June. Earlier this year, Optro also acquired Midship — the premier AI-native autonomous controls testing solution — delivering highly governed, enterprise-grade AI agents to Optro’s customers and prospects, enabling Optro to rapidly scale across global innovation centers, helping risk, compliance, and audit teams modernize operations and navigate complex regulatory environments in real time.

To learn more about how Optro is transforming risk into opportunity for companies around the world, visit optro.ai.

About Optro 

Optro (formerly AuditBoard) helps enterprises transform risk into opportunity through its AI-powered GRC Intelligence Platform. More than 50% of the Fortune 500 trust Optro to elevate audit, risk, and compliance in addressing a new era of risk. Optro is top-rated by customers on G2 and was named a Leader in the 2025 Gartner® Magic Quadrant™ for Governance, Risk and Compliance (GRC) Tools, Assurance Leaders. To learn more, visit optro.ai.

Media Contact
Laura Groshans
press@optro.ai

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/optro-establishes-uae-hub-to-support-rapid-transition-to-agentic-grc-across-the-middle-east-302899185.html

Continue Reading

Technology

Alchemist Group strengthens technology leadership with appointment of fractional CISO

Published

on

By

LONDON, Oct. 6, 2026 /PRNewswire/ — Alchemist Group, the parent company behind a portfolio of sales and leadership development brands, has appointed former military cyber-specialist James Griffiths as fractional Chief Information Security Officer (CISO) and Chief Technology Officer (CTO) as it continues to invest in proprietary technology designed to enhance learner experiences.

Bringing over 25 years’ experience across cyber-security, technology and digital transformation, including 17 years in the British Army’s Royal Corps of Signals, Griffiths will provide expertise across technology, cyber-security and digital strategy. His appointment will support the Group’s ongoing technology development while ensuring its systems and data remain secure as the business grows.

Following his military career, Griffiths helped deliver cyber-offensive capabilities for UK government organisations including the Ministry of Defence and GCHQ. He later co-founded Cyber Security Associates, scaling the business from a two-person start-up to a £15 million-plus operation with over 100 employees. He’s now founder of technology consultancy UtopianKnight. 

He joins Alchemist Group as the business builds on the recent launch of its Global Product and Technology function. The new division combines research, human expertise, product design and technology to develop learning systems for global organisations facing increasing pressure to improve performance while adapting to rapid advances in AI and workforce capability.

The function supports the Group’s three brands: Alchemist, a leadership development company; RAIN Group, a sales training specialist; and PCA Law, which provides leadership and business development training for legal professionals.

Appointing Griffiths on a fractional basis has also allowed the Group to bring in senior technology and cyber-security expertise without the lead time associated with a permanent hire.

Will Daniel, global vice president of product and technology at Alchemist Group, said: “As we continue investing in our product and technology capabilities, having the right expertise around us is critical. James brings a wealth of experience across technology and cyber-security, as well as a strategic understanding of how those areas need to support wider business objectives.”

Griffiths added: “Alchemist Group has a clear vision for the role technology can play in enhancing the development and delivery of its learning solutions and client experience, making a robust technology and cyber-security approach essential. I’m delighted to be supporting the Group at such an exciting stage in its growth, helping to align technology, security and business priorities to drive innovation, resilience and long-term success.”

View original content:https://www.prnewswire.co.uk/news-releases/alchemist-group-strengthens-technology-leadership-with-appointment-of-fractional-ciso-302898528.html

Continue Reading

Technology

REGENESYS ANNOUNCES BOOST SCHEDULER TO ENHANCE LINKEDIN CONTENT

Published

on

By

The New Service is the Only Scheduling Tool Available to Optimize Post Performance

SAN FRANCISCO, Oct. 6, 2026 /PRNewswire/ — Regenesys, the company that is revolutionizing LinkedIn content distribution has just announced its newest Saas tool – Boost Scheduler – which is an affordable way that allows anyone to schedule boosts for their LinkedIn content. This is an effective tool for brand awareness, trust which also increases reach, followers, profile views and LinkedIn search engine optimization (SEO) to appear at the top of searches.

Boost Scheduler allows users to select the time they wish to publish and is simple and safe to use, a great tool for agencies and social media managers. Many of their clients use this for sales, go-to-market, to meet investors, thought leadership, when exiting their company, or looking for better job opportunities.

Evan Chi, Founder and CEO of Regenesys, said, “Boost Scheduler provides the biggest bang for your buck in terms of LinkedIn performance. There is no other way to solve distribution for content besides paid ads. Our infrastructure removes the ‘luck’ element from LinkedIn. We ensure your most important content gets the eyes it deserves. If you subscribe to Post Booster, you stop leaving your company’s posts to chance. The top 1% of LinkedIn creators are using Regenesys Boost Scheduler to dominate their niche.”

“Before working with Regenesys, our LinkedIn presence was essentially a static resume. By leveraging their post-boosting technology and PR strategies, they completely unlocked our content distribution, helping us turn visibility into a predictable driver of new business. The level of inbound lead generation and profile views we’re seeing now has completely transformed how we acquire clients and grow our pipeline,” said Ryan Baird, CEO of cross border neo-investment bank Baird Augustine.

Evan Chi has also just revamped the Regenesys.io website. He will next launch Regenesys Intelligence, which will be the AI engine for social and competitor intelligence. Regenesys Intelligence will map and score your prospects’ contextual intent against your Ideal Customer Profile (ICP) to surface warm signals and build predictable pipelines.

To further enhance a person or company’s posts, Regenesys also created Omniposte (Omniposte.com), which creates and distributes content across up to 13 social platforms effortlessly. 

About Regenesys

Regenesys has created a LinkedIn system that converts attention to clients more effectively than competing services. It specializes in tools that organically amplify your LinkedIn growth. The company utilizes AI and Social Intelligence to map and score prospects against Ideal Customer Profiles (ICP). Regenesys ensures that content reaches a qualified audience and automates outreach and lead generation.

Media Contact:

Frank Tortorici

frank@marketingmaven.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/regenesys-announces-boost-scheduler-to-enhance-linkedin-content-302899326.html

SOURCE Regenesys

Continue Reading

Trending