Ireland’s SWF backs AI cybersecurity firm with €10m investment

first_imgThe €8.7bn Ireland Strategic Investment Fund (ISIF) has invested €10m in an American cybersecurity firm that uses artificial intelligence to monitor threats to computer systems.Vectra, based in California, plans to open a research and development (R&D) office in Dublin and create “up to 100 jobs over the next five years”, according to the ISIF.One of the ISIF’s primary objectives is to invest in projects or companies that support economic activity and employment in Ireland.Fergal McAleavey, head of private equity at the ISIF, said: “This is an exciting investment for ISIF that promises significant economic impact. It is encouraging to see Ireland leverage its emerging expertise in artificial intelligence by attracting businesses such as Vectra that are on the leading edge of technology. Ha’penny Bridge, Dublin “With cybersecurity becoming critical for all organisations, we are confident Vectra will deliver a strong economic return on our investment while creating high-value R&D employment.”The investment is part of a €30m fundraising push by Vectra. It is the ISIF’s second investment in artificial intelligence, the fund said, following a $50m (€40.5m) investment in sales platform InsideSales.com in January 2017.The fund’s other recent investments include a $5m allocation to Nautilus Data Technologies, another US technology company expanding its presence in Ireland. The firm provides data centres and has pioneered an environmentally friendly cooling system for computer servers.The ISIF announced last month that it had allocated €3.4bn to domestic investments and helped attract a further €5.7bn from other private sector players into Ireland’s economy.last_img read more

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Tryouts produce walk-on

first_imgLess than two weeks after inviting any interested UW studentto participate in an open tryout for the men’s basketball team, the Badgershave welcomed their newest member to the squad, walk-on freshman WquintonSmith.Smith, a 5-foot-11-inch, 200-pound guard from Milwaukee KingHigh School, impressed coaches enough to beat out the several other finalists whohad a shot at making the team.”He’s a very good student who was very good high schoolplayer on a very good team,” head coach Bo Ryan said of Smith.Ryan also cited Smith’s impressive physique and conditioningas major factors in the walk-on winning the roster spot.Playing for the Generals, one of the state’s top teams, lastseason Smith averaged 8.2 points per game while earning second team all-cityhonors, despite shooting just 59 percent from the free-throw line.”He’s a Milwaukee boy, so I like him,” junior forward andfellow Brew City native Marcus Landry said, even though Landry played at heatedKing rival Vincent High. “I actually know some his family members pretty well.[My] first impression is he’s a good kid. … Evidently he can play the game ofbasketball.”Smith also played on both sides of the ball as a member ofthe King’s football team and was good enough to be named first teamall-conference at quarterback and honorable mention all-conference atlinebacker.Tuesday, Smith practiced with Wisconsin and proved to histeammates he was worthy of a spot on the team.”He’ll be able to push Trevon a lot,” guard Jason Bohannonsaid of what Smith, who is likely to be redshirted, can contribute immediately.”To have him play defense should really help Trevon.”He seemed to get after it and be in the right spots. Hereally fit in.”To close Tuesday’s practice Ryan put Smith at the free-throwline with crunches for the entire team as a punishment for missed shots. Smith,in a pressure situation, was unable to convert any of his three attempts,forcing the team to do a hefty amount of sit-ups.”I think he was nervous being out there the first time,”Landry said. “I think it’ll get to the point where he’s not nervous.”Ryan did not think putting the newcomer to the test rightaway was too much to ask though.”At least he knows he’s a part of the team now,” Ryan said.”That’s how I like to break guys in.”last_img read more

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Malkin takes MVP honors at NHL Awards

first_imgMOST VALUABLE—Pittsburgh Penguins’ Evgeni Malkin poses with the Ted Lindsay Award, the Art Ross Trophy and the Hart Trophy during the NHL Awards, June 20, in Las Vegas. (AP Photo/Julie Jacobson) by Greg BeachamAP Sports Writer LAS VEGAS (AP)—Pittsburgh center Evgeni Malkin won the Hart Trophy on June 23, becoming the NHL’s most valuable player for the first time. Three Swedish players also claimed major trophies at the annual NHL Awards postseason ceremony, but the Penguins’ Russian superstar claimed three awards for himself. Malkin won the Hart for the first time at the Wynn Las Vegas casino, beating out Rangers goalie Henrik Lundqvist and Tampa Bay scorer Steven Stamkos. Malkin also collected the Art Ross Trophy as the league scoring champion and the Ted Lindsay Award from his fellow NHLPA members as the NHL’s best player.“It’s the best day of my life,” said Malkin, known to teammates and fans as Geno. “It’s very exciting.”Malkin gathered the Hart, Ross and Lindsay awards next to him after the ceremony, only occasionally struggling in his ever-improving English to express his excitement. Malkin’s 109-point season and steady leadership were even more impressive because he largely did it without teammate Sidney Crosby, who played just 22 games after his comeback from a concussion.“I can’t believe I’m sitting here, and around me there are three trophies,” Malkin said. “It’s an unbelievable day for me.”Malkin, who turns 26 next month, edged out Stamkos and Lundqvist, who still won the Vezina Trophy for the first time.But the spotlight was on Malkin, who won his first MVP award after arguably the most impressive season of his six-year career in Pittsburgh.Malkin had a career-high 50 goals and 59 assists while carrying the Penguins during the extended injury absence of 2007 Hart winner Crosby. Malkin was the NHL’s only 100-point scorer this season and the first scoring champion in a decade to win a second title despite being almost every opponent’s top defensive target whenever they faced the Penguins.Malkin also grew into a more prominent role outside of Crosby’s shadow.“Every year I’m a little bit more comfortable,” he said. “I learn English, watch TV, go out with friends and teammates. I love this sport. I like my teammates, and I want to be the best.”Malkin scored eight points in the Penguins’ six-game loss to Philadelphia in the first round of the playoffs. The four-time NHL All-Star then was named the MVP of the IIHF World Championships last month after leading the undefeated Russian team to the title.Malkin was a Hart finalist for the third time.last_img read more

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AUTUMN MISS QUOTES – SATURDAY, OCTOBER 29, 2016

first_img            CARLA GAINES, COVER SONG, WINNER: “I was watching the replay with Kent and let’s just say that I thought the Stewards made the right decision. She’s been training well but we did come close to scratching her and running her down the hill. I’m glad we decided to stay with our first choice of race. TRAINER QUOTES JOCKEY QUOTESKENT DESORMEAUX, COVER SONG, WINNER: “She broke like a Quarter Horse. I was fearful that I was going be 20 in front, but she made the lead and then checked herself and got into a nice rhythm. She carried me around the track very, very well and even had a horse stop right in her face and I thought, ‘no, no she doesn’t need this.’ I re-directed and turning for home I was trying to pick a spot. I thought I had a line chosen and the horse on the outside (Danilovna) started pushing on us so I thought, ‘Ok. If you’re going to initiate contact, I’m gonna hold my ground.’“I ‘m not even sure I left my line. I’ll have to watch the replay, but it became a horserace at that point. My filly ran her heart out. I could feel her turning it on. She would not lose.”center_img             NOTES: Winning owner B. Wayne Hughes, who races as Spendthrift Farm, LLC resides in Lexington, Kylast_img read more

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Miller blocks flood-insurance provision

first_img [email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! WASHINGTON – Rep. Gary Miller, R-Brea, blocked a measure last week that he said would have put the burden of covering Hurricane Katrina and other disaster claims disproportionately onto Southern California homeowners. A provision in legislation to increase the borrowing powers of the depleted National Flood Insurance Program would have required anyone living in a 100-year floodplain to buy flood insurance. That, Miller said, would have included much of the Inland Empire, Los Angeles, and “everything from Sacramento to Oakland.” Yet much of the state is not at high risk, he contended, because of dams and other flood-control measures. Under current law, only homes in certain high-hazard areas must buy flood insurance. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals “The goal was basically to say the program is under-funded because people aren’t paying high-enough premiums. The more people you can have pay into a program, the more solvent it is in payout. But not at the expense of my constituents,” Miller said. The provision, proposed by Rep. Richard Baker, R-La., was stripped from the bill. A Baker spokesman did not return a call for comment. Miller also won, 34-31, an amendment directing an independent study as to whether Congress should require flood insurance for homeowners and businesses in moderate flood risk regions. The overall bill, which increases borrowing authority for the flood insurance program to $22 billion, is expected to come to the House and Senate floors when Congress returns from recess in early December. Lisa Friedman, (202) 662-8731 last_img read more

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