Latest news with #SystemandOrganizationControls2
Yahoo
23-05-2025
- Business
- Yahoo
Amazon, Meta Veterans Raise $4M For Tensor9 Startup Backed By NVAngels That Redefines Enterprise AI Deployment
Seattle-based startup Tensor9 has raised a $4 million seed round to reshape how enterprise software, especially AI tools, is deployed inside high-security environments. The company is led by Michael Ten-Pow, a former Amazon Web Services engineer with over a decade of cloud infrastructure experience at Amazon (NASDAQ:AMZN). Founded in 2023, Tensor9 has already attracted the attention of heavy-hitting investors. Wing VC led the round, joined by Level Up Ventures, Model Ventures' Devang Sachdev, and NVAngels, a group of ex-Nvidia (NASDAQ:NVDA) professionals, according to GeekWire. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – According to TechCrunch, Tensor9 is focused on solving a growing problem: how to let vendors deliver advanced AI software to enterprise clients without forcing sensitive data out of its original environment. TechCrunch says that the company enables vendors to install their software directly into a client's existing tech infrastructure, whether it lives in the cloud, on-premise, or on bare metal servers. Instead of shipping data to a software-as-a-service platform, vendors can now deploy code inside a customer's walls, which is crucial for industries like finance, healthcare, and government. Tensor9 uses a digital twin architecture to make this possible. Each customer environment is mirrored through a virtual replica, which allows vendors to monitor, support, and update deployed software without breaching any privacy firewalls. Logs, metrics, and even hardware issues are fed back to this virtual twin in real time, GeekWire says. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'You can't just throw a piece of software over the wall, or it's very difficult to throw a piece of software over the wall, and know what's going on, be able to find issues, debug them, fix them,' Tensor9 CEO Ten-Pow told TechCrunch. 'They see it running, they can debug it, they can log in and understand what the issues are and fix them.' Tensor9 began as a bootstrapped project after Ten-Pow realized that System and Organization Controls 2 compliance wasn't the real obstacle stopping startups from closing enterprise deals. Instead, companies wanted software that could run locally, under their own control, with no risk to data sovereignty, TechCrunch reports. That insight became the foundation for Tensor9. In the same year the company launched, Ten-Pow brought on two former AWS colleagues, Matt Michie and Matt Shanker, as founding engineers, TechCrunch says. According to the company's website, Dan Armendariz, who also comes from Amazon, is a founding engineer as well. Shanker brings additional experience from Epic and Twitter, while chief engineer Matt Michie's background includes work at Amazon, Meta (NASDAQ:META), Uber (NYSE:UBER), and Twitter. Tensor9 is currently working with AI companies like 11x, Retell AI, and Dyna AI, which need to deliver privacy-preserving solutions to major clients in finance and data-heavy sectors, according to $4 million secured, Tensor9 plans to hire additional engineers and refine its platform for wider industry use, as detailed on the company's website. TechCrunch says that the team is already seeing interest beyond voice AI, branching into enterprise search, data management, and large-scale database software. 'We have a simple model but underneath the covers there's a lot of complexity that makes that happen, hard technical challenges that we've solved to make that happen,' Ten-Pow told TechCrunch. 'I think that was one of the things that helped us convince the investors to invest in us.' As data privacy rules tighten and AI adoption grows, startups like Tensor9 may be able to redefine how intelligent software reaches the enterprise. Their hybrid approach of marrying cloud-like control with on-prem security could be the model that finally unlocks enterprise AI at scale. Read Next: Invest where it hurts — and help millions heal:. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Amazon, Meta Veterans Raise $4M For Tensor9 Startup Backed By NVAngels That Redefines Enterprise AI Deployment originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Channel Post MEA
10-03-2025
- Business
- Channel Post MEA
JAGGAER Secures SOC 2 Type II & ISO 27017 Certifications
JAGGAER has achieved SOC 2 Type II certification for its Advanced Sourcing Optimizer (ASO) solution and ISO 27017 certification across its comprehensive suite of SaaS solutions. These achievements underscore JAGGAER's unwavering commitment to data security and privacy for its customers. SOC 2 (System and Organization Controls 2) is a widely recognized auditing standard developed by the American Institute of CPAs (AICPA). It evaluates an organization's controls related to security, availability, processing integrity, confidentiality, and privacy. The Type II report provides an independent assessment of the effectiveness of these controls over a period of time, typically six months or more. JAGGAER's SOC 2 Type II certification specifically validates the robust security controls protecting its ASO solution. ISO 27017 is an international standard that provides guidelines for information security controls for cloud services. It builds upon the foundation of ISO 27001, focusing specifically on cloud security best practices. JAGGAER has achieved ISO 27017 certification across its portfolio of SaaS solutions, demonstrating its adherence to rigorous standards for protecting customer data within its cloud environment. 'Achieving SOC 2 Type II certification for ASO and ISO 27017 certification across our SaaS offerings demonstrates JAGGAER's dedication to maintaining the highest level of security and compliance,' said CEO Andy Hovancik. 'These certifications provide our customers with the assurance that their sensitive data is handled with the utmost care and protected by robust security and compliance controls.' JAGGAER's ASO solution empowers businesses to automate and optimize their strategic sourcing processes, enabling them to identify the best suppliers, negotiate optimal pricing, and manage complex sourcing events more efficiently. With these certifications, JAGGAER reinforces its position as a trusted partner for organizations seeking to transform their sourcing operations in a secure and reliable environment. 0 0
