Latest news with #Canto
Yahoo
29-05-2025
- Business
- Yahoo
CANTO Rises From the Ashes, Spiking 250% Before Crashing Back Down
CANTO, the native token its namesake's layer-1 blockchain, experienced a volatile trading session on Thursday, rising by 250% before losing 60% of its value over the subsequent six hours. The platform had lost the majority of its TVL (total value locked) and trading appetite after a feverish launch last year that saw it reach a $238 million market cap with $204 million in TVL. It currently has just $4.6 million worth of assets locked on the chain as a network outage prompted an exodus from the chain. Canto's plight also occurred during a wave of new layer-1 and layer-2 blockchains that caused an over saturation in protocols and liquidity. The project has not posted an update on X since September, despite stating that a new roadmap "would be released soon." Thursday's move can be attributed to a low liquidity low volume impulse in market buys, causing a momentary spike before a sell-off sparked by underwater positions taking profits. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Independent
30-04-2025
- Business
- Irish Independent
50 new jobs for Cork as US software company announces expansion
Canto, a leading provider of digital asset management (DAM) software announced expanded operations in Ireland on Wednesday, April 30. The investment will strengthen Canto's existing innovation centre in Cork, with plans to grow the office as part of the company's global product development strategy. This project is supported by the Irish Government through IDA Ireland. Minister for Enterprise, Tourism & Employment Peter Burke TD said: 'The Cork region, with its strong educational institutions like University College Cork and Munster Technological University, provides an excellent environment for fostering innovation and developing specialised talent. Minister Burke continued: 'IDA Ireland provides invaluable support to companies seeking to utilise this ecosystem. We look forward to Canto's continued growth and positive impact.' The CEO of Canto Wain Kellum said the continued expansion underscores their confidence in the exceptional technical talent and innovation ecosystem in Ireland. 'As demand for our single-source-of-truth digital asset management solutions continues to accelerate, our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem — from creation to delivery.' Cork will serve as a strategic European hub for several core initiatives, including advanced AI research, cloud infrastructure optimisation, frontend modernisation and the continued development of Canto's unified DAM and product information management (PIM) platform. The Cork facility will drive further integration and enhancement of these technologies across Canto's product portfolio. These innovations come at a critical time, as organisations worldwide are under pressure to manage increasingly complex digital content ecosystems. CEO of IDA Ireland Michael Lohan said: "Canto's decision to grow its presence in Cork is a strong endorsement of the country's reputation as a leading hub for innovative technology companies. Our deep talent pool, stable business environment and strong track record in supporting global companies make Ireland an attractive location for growth and innovation." ADVERTISEMENT The jobs announcement follows a period of substantial growth for Canto. The company currently serves approximately 4,000 customers globally across industries including retail, manufacturing, healthcare, education, technology, and beyond. Backed by best-in-class support and implementation, Canto empowers industries like retail, manufacturing, technology, healthcare, and more to manage their growing content libraries. Headquartered in Atlanta, with offices in Berlin, Cork, and Sydney, Canto supports teams worldwide in optimising their content workflows.
RTÉ News
30-04-2025
- Business
- RTÉ News
Canto to expand Cork operations, create 50 jobs
US firm Canto, which provides digital asset management software for organisations worldwide, is expanding its operations at its innovation centre in Cork. The company's investment in its Cork operations, supported by IDA Ireland, will create 50 jobs. Canto said the Cork office will serve as a strategic European hub for several core initiatives, including advanced AI research, cloud infrastructure optimisation, frontend modernisation, and the continued development of its unified DAM and product information management (PIM) platform. The company also plans to partner with local universities and research institutions to foster innovation and develop specialised talent pipelines. Canto serves about 4,000 customers globally across industries including retail, manufacturing, healthcare, education, technology and beyond. "This investment reflects our commitment to staying ahead of the curve in digital asset management," Brendan Butler, Managing Director at Canto Ireland, said. "Working with IDA Ireland has been instrumental in making this expansion possible. By connecting with Ireland's world-class technology community, we're able to accelerate the development of solutions that directly address our customers' most pressing content management challenges," he added. "As we continue to expand our global engineering efforts, Ireland is proving to be an essential part of our success story. Our continued expansion underscores our confidence in the exceptional technical talent and innovation ecosystem here," Wain Kellum, CEO of Canto, said. "Our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem - from creation to delivery," he added. Michael Lohan, the CEO of IDA Ireland, said that Canto's decision to grow its presence in Cork is a strong endorsement of the country's reputation as a leading hub for innovative technology companies. "Our deep talent pool, stable business environment, and strong track record in supporting global companies make Ireland an attractive location for growth and innovation," the IDA boss added. Minister for Enterprise, Tourism & Employment Peter Burke said that Canto's investment reinforces Ireland's position as a leader in AI and software development. "The Cork region, with its strong educational institutions like University College Cork and Munster Technological University, provides an excellent environment for fostering innovation and developing specialised talent, and IDA Ireland provides invaluable support to companies seeking to utilise this ecosystem," Mr Burke said. "As we continue to expand our global engineering efforts, Ireland is proving to be an essential part of our success story. Our continued expansion underscores our confidence in the exceptional technical talent and innovation ecosystem here," said Wain Kellum, CEO of Canto. "As demand for our single-source-of-truth digital asset management solutions continues to accelerate, our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem — from creation to delivery."
Irish Times
30-04-2025
- Business
- Irish Times
Software company Canto to expand Cork base
Digital asset management software company Canto is to expand its operations in Ireland, creating 50 jobs and growing its office in Cork as part of its global product development strategy. Canto, which currently has an innovation centre in Cork, plans for the Irish operation to take a more pivotal role in the business. The expansion will see the Cork centre become a strategic European hub for core initiatives such as advanced AI research, cloud infrastructure optimisation, front-end modernisation, and the continued development of Canto's unified DAM and product information management (PIM) platform. 'As we continue to expand our global engineering efforts, Ireland is proving to be an essential part of our success story. Our continued expansion underscores our confidence in the exceptional technical talent and innovation ecosystem here,' said Wain Kellum, chief executive of Canto. 'Our Cork operations will play a pivotal role in driving next-generation product development and supporting customers across the entire content ecosystem — fro– creation to delivery.' READ MORE Canto currently has around 4,000 customers globally across industries including retail, manufacturing, healthcare, education and technology, and has seen significant growth in recent years. It has made a number of acquisitions in recent years, including MerlinOne in 2023 and Image Relay in 2024, which strengthened key technologies such as visual search across the company. The Cork operation will help integrate and enhance these technologies further across Canto's product portfolio. Among the research and development activities planned for the Cork centre are advancing AI models for intelligent asset discovery and management and optimising cloud infrastructure. The latest expansion project is being supported by the Government through IDA Ireland. Minister for Enterprise, Tourism & Employment Peter Burke said the investment reinforced Ireland's position as a leader in AI and software development. 'The Cork region, with its strong educational institutions like University College Cork and Munster Technological University, provides an excellent environment for fostering innovation and developing specialised talent, and IDA Ireland provides invaluable support to companies seeking to utilise this ecosystem,' he said. 'We look forward to Canto's continued growth and positive impact.'
South China Morning Post
30-04-2025
- Entertainment
- South China Morning Post
Your Hong Kong weekend drinks guide for May 1-5
There's nothing we love more than a long weekend, and just as it did over Easter, Hong Kong's bar scene has pulled out all the stops to offer yet another full line-up. Kick off festivities at Terrible Baby with a dose of Cantopop cocktails, head to Mostly Harmless for zero-alcohol offerings, indulge in casual izakaya-inspired bites with Neon Pigeon at Bourke's, and finish the weekend with one of Taiwan's best at Qura Bar – on a Monday! Friday, 2 May Terrible Baby x 929 Terrible Baby at Eaton. Photo: Handout What: What better way to ring in a long weekend than with Canto- and Mando-pop inspired cocktails on the Kowloon side? Terrible Baby is hosting New York outpost 929, which builds cocktails inspired by pop hits. There's Sleepless Night – a Ceylon-infused riff on a Manhattan with a milk foam head, inspired by a 1987 hit by What better way to ring in a long weekend than with Canto- and Mando-pop inspired cocktails on the Kowloon side? Terrible Baby is hosting New York outpost 929, which builds cocktails inspired by pop hits. There's Sleepless Night – a Ceylon-infused riff on a Manhattan with a milk foam head, inspired by a 1987 hit by Leslie Cheung – as well as the healing Love is Like A Bad Cold inspired by Taiwanese singer Yuki Hsu, which combines Nin Jiom herbal syrup with ginger-infused whisky. Advertisement Where: Terrible Baby, 4/F, Eaton HK, 380 Nathan Road, Jordan When: 9pm-12am Saturday, 3 May Mostly Harmless x Coa Mostly Harmless. Photo: Handout What: In case you missed it, Sai Ying Pun's Mostly Harmless Bar recently announced a radical shift to a fully non-alcoholic menu that still proves as delicious as the real deal. To commemorate this, neighbouring bars in Hong Kong have joined hands with Mostly Harmless for 'Sazerac Sundays Zero', with guest bartenders showcasing their takes on non-alcoholic drinks to close out the week. Though the event has been happening on, as the name suggests, Sundays, this weekend Coa is stepping to the plate on Saturday to offer a welcome break to the boozy holiday. Where: Mostly Harmless Bar, 110 Queen's Road West, Sai Ying Pun When: 5pm-8pm Sunday, 4 May Bourke's x Neon Pigeon
