1password automationsawersventurebeat1/19/2024 Other notable features embedded in the Cube RM platform include the ability to forecast when new tenders might be about to be published facilitating the bid preparation and submission process and tracking eventual tender winners for competition analysis.įounded out of Athens, Greece, in 2018, Cube RM currently targets its wares at global pharmaceutical and medical equipment companies, with big-name customers such as Boston Scientific, Takeda, Kemira, and Bavarian Nordic on its books. “By extracting and systematically storing the information, it allows customers to save thousands of hours of manual work searching websites and documents for information about the tender, but also maintain a database of structured information their market and competition,” Economopoulos explained. But perhaps more than that, Cube RM transforms unstructured data from past deals into a structured database of information relevant to a company’s market - this can be a useful perennial resource, even outside tender processes. This machine learning engine helps Cube RM users better evaluate and predict the likelihood of winning a contract, and even offers suggestions for the optimum bidding price. “Even when historical data is absent or scarce, the predictive models can be trained with salespeople estimates, and provide initial insights which can improve later once additional data for training become available.” “Our models take into consideration the specifics of each tender based on award criteria and other tender details, and accuracy is tested using cross-validation techniques,” Economopoulos said. This is gleaned and prioritized using natural language processing (NLP) techniques and is combined with the company’s own internal marketing intelligence data. “Information about our security architecture and relevant company processes are openly documented, and we employ a zero-knowledge security model, meaning we cannot access private data stored in customers’ vaults,” Won said.Cube RM delivers predictive models trained using historical tenders, awards, and pricing data. Bitwarden recently announced raising $100 million in funding led by PSG.Īccording to Won, the main differentiator between 1Password and these competitors is its focus on human-centric and zero-knowledge security. LogMeIn acquired LastPass for $110 million in October 2015 before spinning the company out in 2021 after Elliot Management’s private equity arm and Franceso Partners purchased the organization for $4.3 billion.Īnother competitor is Bitwarden, an open-source password manager that enables users to store passwords and encrypts data with AES-256 bit encryption, salted hashing, and PBKDF2 SHA-256. One of the organization’s main competitors in the market is LastPass, a password manager which offers passwordless login so that users can log in by using LastPass Authenticator. The passwordless authentication marketġPassword’s solution falls within the passwordless authentication market, which researchers anticipate will grow from $6.6 billion in 2022 to $21.2 billion by 2027. The extension will decrease the risk of credential theft by enabling users to login without the use of a password and simplify the sign-in experience. “The new browser extension feature that we launched today supports enterprises’ needs to manage Shadow IT, securing access to the apps and websites that fall outside the IT teams’ purview, on behalf of users and the organizations they work for,” said Steve Won, chief product officer at 1Password. “Our new browser extension helps users remove that guesswork by letting 1Password remember which third-party provider they used to sign in with, and to get them to where they’re going more quickly.” With such a high number of credentials exposed on the dark web, it’s clear that passwords are easily exploitable and ineffective at keeping out unauthorized users, which is driving the demand for passwordless authentication solutions among technology vendors and the FIDO alliance.Īs part of this movement, LastPass is using the browser extension to offer users greater protection against account takeover attempts targeting work and personal apps. A report from Digital Shadows found that 24 billion stolen usernames and passwords are available on the dark web. The release comes as credential theft continues to rise. Learn More Stopping credential theft for good
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