ASIA BUSINESS OUTLOOK9MARCHNEWSROOMISRAELI CYBERSECURITY STARTUP JAZZ RAISES $43M SERIES ASingtel Digital InfraCo's sovereign AI cloud, RE:AI, has announced a strategic partnership with Cohesity to deliver an intelligent, sovereign AI data security and management service in Singapore.The service allows enterprises to search and query archived backup data while keeping sensitive information secure and compliant with Singapore's regulatory environment.Cohesity will contribute research and development resources to Singtel Digital InfraCo's Centre of Excellence for Applied AI in collaboration with Nvidia.The platform catalogs and indexes years of backups, enabling real-time searches, reconstructing historical states for audits, and supporting incident response during cyber events such as ransomware attacks.The service is offered in both single- and multi-tenant configurations to meet the stringent requirements of regulated sectors, including financial services, healthcare, and government.This partnership is part of Cohesity's broader initiative to build a sovereign cloud ecosystem, extending beyond Singapore. Cohesity also collaborates with AntemetA in France and Micrologic in Canada to meet local data residency and sovereign cloud requirements.The company is a launch partner for the AWS European Sovereign Cloud and a certified Google Cloud Ready Regulated and Sovereignty Solutions partner.Singtel and Cohesity's offering moves beyond basic data protection, turning archived backup data into actionable input for AI-powered search and insights. Cohesity has introduced federated semantic search through the Model Context Protocol (MCP), allowing AI enterprise tools, such as Glean, to securely access governed backup data without duplication.This shift is redefining data management, as enterprises increasingly demand business value from secure data copies in addition to recovery capabilities. Jazz, an Israeli cybersecurity startup, has raised 43 million in Series A funding to grow its data security platform based on artificial intelligence to prevent cases of sensitive information being leaked in businesses.Glilot Capital Partners and Team8 were the co-leaders in the round, which also included Ten Eleven Ventures, MassMutual Ventures, and Merlin Ventures. The financing takes the overall amount of the company funding to 61 million dollars in addition to the previous seed round financing.The company, which will be founded in late 2024, was founded by cybersecurity veterans Ido Livneh, Jake Tuestskey, Noam Issachar, and Yonatan Zohar, and will aim to modernize Data Loss Prevention (DLP) systems with the help of AI. The founders are the alumni of the elite technology intelligence unit of Israel and have employed their services in cybersecurity firms like the Axonius and Laminar.The platform of jazz aims at analyzing the flow of data in an organization so that the security teams can be able to identify the possible risks more efficiently. The conventional DLP tools were mostly based on a rule-based system with thousands of policies to be configured manually and with the result of massive alerts. Conversely, Jazz relies on an AI-based agentic investigator which learns business operations automatically and measures the context of any given data exchange, to recognize genuine threats.The system assesses the user activities, sensitivity of data, and the operational background of a given event, to establish activities as normal business operations or possible security violation. The goal of the platform, which will save the cybersecurity team a lot of time in terms of false alerts, is to replace strict regulations with AI-based situational analysis and prioritize the high-risk events.The company already has enterprise clients like Lemonade and AlphaSense, and at the moment, it has 15 paying clients. Jazz has a workforce of approximately 45 employees mostly located in Israel with other employees in the United States.Jazz will use the new funding to speed up product development, widen its engineering and research capacities, and increase its sales enterprise wide across the world. The firm is branding its AI-native platform as a new-generation data protection product in a time that is being defined more by cloud computing, remote work, and generation AI products that give rise to novel data leakage risks. SINGTEL RE: AI PARTNERS WITH COHESITY FOR AI DATA SECURITY· Singtel RE:AI and Cohesity launch sovereign AI data security in Singapore· Real-time search, audit reconstruction, and ransomware incident response enabled· Serves regulated sectors with AI insights from governed backup data· $43M Series A led by Glilot Capital Partners and Team8· AI-powered Agentic Investigator replaces traditional rule-based DLP systems· Platform reduces thousands of alerts to just a few actionable incidents
< Page 8 | Page 10 >