Channel Brief: System Two Raises $7M for AI Threat Detection

Apple is looking to overtake Qualcomm with its own line of mobile modems, and the first iterations may be available in early 2025.

Mobile World Live reported that Apple’s in-house chips are expected in an update to the iPhone SE series scheduled for early next year, a high-end version available in 2026 and the goal to surpass technology offered by current supplier Qualcomm by 2027.

Rumours surrounding Apple’s development of its own smartphone modems have been circulating for years, reaching a peak in 2019 when Apple acquired the majority of Intel’s smartphone modem business.

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Grab your coffee. Here's what you need to know today.

Today’s Tech, Channel and MSP News

1. NETRIO, SUCCESS name new execs: NETRIO and SUCCESS Computer Consulting last week appointed David Spinola as chief financial officer (CFO) and Mike Cromwell as chief revenue officer (CRO). These appointments come at a critical time as the newly merged organization continues to expand its portfolio and integrate its operations nationally, the companies said. Spinola will oversee financial strategy, focusing on planning, risk management, and strategic initiatives to support growth and market expansion. He has extensive experience in investment banking, private equity, and operational leadership roles. Prior to NETRIO, Spinola served as the president and CFO of SproutLoud Media Networks, and earlier in his career, he was a partner at Millpond Equity Partners and CFO at Academy Medical. Cromwell will lead the organization’s revenue and growth initiatives. His key objectives include market expansion, building a unified sales team, overseeing strategic partnerships, and capitalizing on growing demand for managed service provider services. Prior to NETRIO, Cromwell was the founder & managing partner of EagleTEQ Advisors, served on the Board of Directors of Magna5, and held executive leadership positions at XO Communications, Global Crossing and Frontier Communications. Congratulations!

2. Exclusive Networks to offer Netskope managed services in EMEA: Exclusive Networks last week launched Netskope Managed Services across EMEA. SASE provider Netskope also accredited Exclusive Networks as a Global Netskope Authorized Training Partner to support Netskope partners’ education and ability to expand their cybersecurity services businesses. The news follows Exclusive Networks’ recent announcement of the acquisition of 100% of Cloudrise, a security services provider specialising in SASE Managed Services and Professional Services with advanced Netskope expertise.

3. System Two raises $7 million for AI threat detection: System Two Security, a cybersecurity startup built on an AI agent foundation that advances detection engineering, announced today it raised $7 million in funding led by Costanoa Ventures, with participation from Runtime Ventures, The Hive and Webb Investment Network. System Two aims to help security teams deal with advances in attack sophistication and frequency due to GenAI adoption by attackers. The founder & CEO of System Two Security previously held senior security leadership roles at Salesforce before launching another startup that was acquired by Mimecast in January 2024. 

4. Semparis's new MIcrosoft ITDR solution: Semperis last week released Lightning Intelligence, a new, security posture assessment offering that tracks security posture across multi-forest Active Directory (AD) and multi-tenant Entra ID environments. The offering will also further enhance the abilities of channel partners to increase their margins and earn more revenue through joint customers interested in beefing up Microsoft and identity protection.

5. Caylent launches Applied Intelligence: AWS cloud services partner Caylent has launched an agile AI delivery model, called Caylent Applied Intelligence. Caylent's model focuses on creating new patterns, processes, and Catalysts, such as OmniLake and Polyglots to provide complimentary AI services that take on the undifferentiated heavy lifting of cloud optimization and modernization, the company said. Caylent currently offers OmniLake to unify enterprise data management and analytics, a SQL Polyglot to accelerate database migrations, an IaC Polyglot to automate Infrastructure as Code and a .NET Polyglot to facilitate application modernization and migration.

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