MARKET MOVEMENT
PureHealth acquires PureCS , specialising in cyber security , AI information systems
PureHealth , the largest healthcare platform in the Middle East , has acquired 100 % of PureCS , a cloud and technology services provider , specialising in cyber security , AI information systems , complete end-to-end IT , and digital services . By focusing on speed of digitisation , this acquisition will ensure solutions are prepared for tomorrow ’ s needs , driving technological leadership .
PureCS has delivered the region ’ s largest digital health project , the UAE ’ s national project called Riayati , UAE ’ s national unified medical records platform , with more than 17 million unique electronic medical records under one exchange . This transformative project improves patient care , streamlines record access , enhances efficiency , and promotes cost-effectiveness , reshaping the UAE ’ s healthcare landscape . PureCS has also delivered several local and federal level technology related projects focusing on complex system integrations , datacentre , cyber security and digital consumer applications .
PureCS boasts a robust team with 95 + data , Artificial Intelligence and Machine Learning experts , 200 + digital solutions professionals , 250 + infrastructure and cybersecurity personnel , and 100 + enterprise solution experts . This extensive human capability spans data science , AI , ML , digital solutions , cloud infrastructure , cybersecurity , and enterprise solutions , positioning PureCS as a technology powerhouse .
The expertise serves as a catalyst for elevating PureHealth ’ s capabilities , fostering innovation , and steering the healthcare ecosystem towards a more secure , efficient , and patient-centric future .
Farhan Malik , Managing Director and Group CEO at PureHealth , said , “ Against the backdrop of continual digital advancements , it is imperative that we remain at the forefront , harnessing cutting-edge digital-first technologies and cloud-based healthcare solutions that provide positive impacts on the lives of individuals and communities .
“ We recently launched Pura , the region ’ s first AI-backed healthcare companion app , and PureNet , a dedicated healthcare cloud providing digital health as a service platform , built on advanced cloud computing technologies . We will capitalise further by developing both initiatives with the cloud engineering expertise that PureCS offers ,” continued Malik .
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VAST Data announces it has secured $ 118 million in Series E funding
Renen Hallak
VAST Data , the AI data platform company , announced that it has secured $ 118 million in Series E funding , led by Fidelity Management and Research Company and accompanied by New Enterprise Associates , BOND Capital and Drive Capital .
The funding will advance VAST Data ’ s mission to deliver a new category of infrastructure that puts data at the centre of how systems think , react , and discover . This breakthrough will empower organisations to effectively address their most pressing data challenges , enabling unprecedented advancements in technology , economics , social dynamics , and scientific research .
The VAST Data Platform unifies storage , database , and containerised compute engine services into a single , scalable software platform architected from the ground up to power AI and GPU-accelerated tools in modern datacentres and clouds . The platform uniquely enables organisations to understand all data , both structured and unstructured as it exists in the natural world , to generate superior insights and unlock new value .
“ A new AI data stack is required ,” said Renen Hallak , CEO and Co-Founder of VAST Data . “ To be truly impactful in this era of AI and deep learning , you not only want to have a lot of data , but also high quality data that is correctly organised and available at the right place , at the right time . The VAST Data Platform delivers AI infrastructure that opens the door to automated discovery that can solve some of humanity ’ s most complex challenges .”
“ We believe that VAST Data is a pioneer in the AI GPU space ,” said Scott Sandell , Chairman , CEO and CIO at NEA . “ With deep learning at the centre of the massive AI movement we are experiencing , interest and investment in VAST Data has escalated , and we are thrilled to partner with the VAST Data team as they drive influence and innovation in the global AI technology sector .”
At the end of FY ’ Q3 , VAST Data surpassed $ 1 billion in cumulative software bookings . The company achieved 3.3x year-over-year , YoY growth and maintained positive cash flow for the last 12 quarters with a gross margin of nearly 90 %.
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