Latest news with #Rackspace
Globe and Mail
3 days ago
- Business
- Globe and Mail
Alpha Modus ($AMOD): The AI Retail Tech Challenger Taking on Rackspace, Cisco – and Winning Investor Confidence
With Major IP Lawsuits, Strategic Partnerships, and a $3M CEO Investment, Alpha Modus Is Emerging as a Powerhouse in AI-Driven Retail Infrastructure Alpha Modus Corp. (Nasdaq: AMOD) is proving it's more than just another AI startup. In a year defined by aggressive patent enforcement, strategic licensing deals, and a bold $3 million personal investment from its CEO, the company is making waves across the tech and retail sectors alike—and investors are beginning to take notice. From landmark lawsuits against giants like Cisco and Rackspace to rapid expansion of its fintech and AI-driven kiosk solutions, Alpha Modus is executing on a clear, aggressive playbook: monetize innovation, expand reach, and maximize shareholder value. The Heart of the Battle: IP Enforcement and Patent Monetization Alpha Modus isn't backing down from industry heavyweights. Its 7th IP enforcement action, filed June 24th against Rackspace (U.S. District Court, Western District of Texas), accuses the company of willful infringement on foundational patents involving Fibre Channel over Ethernet (FCoE) technology—critical for cloud and enterprise data infrastructure. 'We are unlocking value for shareholders by defending what we built—our technology, our vision, and our future,' said AMOD CEO William Alessi. Rackspace now joins a growing list of companies—including Cisco Systems and Broadcom —facing similar claims from AMOD and its patent-holding affiliate, Alpha Modus Ventures. AMOD alleges unauthorized use of its patented data transport technologies, with potential damages expected to be significant. CEO's Bold $3M Personal Investment: 'No Derivatives, No Dilution' Just one day before the Rackspace announcement, CEO William Alessi doubled down on AMOD's future by pledging up to $3 million in personal capital to fund operations through the end of 2025. His move also included a swap of preferred stock for common shares, aligning his long-term interests directly with everyday shareholders. 'We've rejected every third-party derivative offer. This is about building real value—not dilution,' Alessi stated. With a robust pipeline of enterprise contracts and new product rollouts, the company expects to reach positive cash flow by year-end. Strategic Growth: From AI Media to Fintech Kiosks AMOD's aggressive tech commercialization strategy is gaining traction, particularly through strategic partnerships that leverage its proprietary AI and retail media technology: CashX Rollout with Genmega A nationwide reseller deal with ATM/kiosk leader Genmega gives AMOD a powerful distribution channel for its CashX AI-enabled payment terminals. The smart kiosks deliver retail ads, bill pay, mobile top-up, check cashing—and connect back to AMOD's patented retail tech stack. VSBLTY Licensing & Integration Deal A new licensing agreement with VSBLTY Groupe Technologies (OTC: VSBGF), a leader in AI security and analytics, paves the way for a broader strategic alliance. The partnership could see AMOD's IP integrated into Shelf Nine's in-store retail media networks. Settlement with Wakefern/Shelf Nine A recent legal settlement turned into opportunity: AMOD secured a perpetual licensing deal and opened the door to integrate with VSBLTY and Shelf Nine's network—validating AMOD's IP while accelerating its retail footprint. Market Timing: AI in Retail Is Booming With U.S. retail media spend projected to top $60 billion by 2025 and the global self-service kiosk market expected to double by 2030, AMOD is strategically positioned at the intersection of both megatrends. Its combination of patented technology, scalable fintech hardware, and real-time AI-driven analytics positions the company to dominate the in-store retail transformation space —right as retailers double down on data, automation, and personalization. Nasdaq Capital Market Uplisting in Sight With fundamentals strengthening and revenue streams maturing, Alpha Modus has also applied to transfer its listing to the Nasdaq Capital Market, anticipating full compliance with exchange standards. Management continues to stress operational efficiency, avoiding variable-rate financing to protect shareholder value. Bottom Line for Investors Alpha Modus is no longer a hidden gem. Its aggressive IP enforcement, bold executive leadership, and real-world AI solutions in retail are beginning to converge in powerful ways. For investors looking for exposure to AI, fintech, IP monetization, and retail transformation, $AMOD is a small-cap with outsized potential. As 2025 progresses, the company's performance in the courtroom and the marketplace alike may redefine how AI innovators create—and protect—value. For More Information Visit Website: Disclosure listed on the CorporateAds website Media Contact Company Name: Alpha Modus Corp. Contact Person: Investor Relations Email: Send Email Phone: (704) 252-5050 Address: 20311 Chartwell Center Dr Suite 1469 City: Cornelius State: North Carolina Country: United States Website:
Yahoo
20-06-2025
- Business
- Yahoo
Businesses average 21 AI projects in production
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Most businesses are expanding their AI portfolios as leaders try to capture the technology's benefits, according to a Rackspace Technology report published this month. The cloud services provider tapped Coleman Parkes Research to survey more than 1,400 IT decision-makers across 10 industries. Businesses currently have an average of 21 AI projects in production, the survey found. By the end of this year, IT leaders expect the list to grow. Two-thirds of leaders surveyed anticipate a positive return on their AI investments within the next two years and 26% expect returns within three to five years. Customer experience, ROI and competitive advantage are the top three success metrics enterprises track. Enterprises continue to hone their AI strategies as the technology evolves. Project prioritization has become a key part of the process as business decision-makers struggle to identify scalable and executable generative AI use case ideas out of a field of options. Businesses are grappling with rising AI project failure rates and, in many cases, are unable to move projects past pilot phases. Nearly 70% of IT leaders said challenges around the implementation and scalability of AI are persistent, according to the Rackspace report. Technology decision-makers are also finding it difficult to contend with data privacy regulations. Generative AI isn't the only flavor of AI currently hitting roadblocks within enterprises. Despite an aggressive agentic AI push from vendors, most businesses have yet to move the technology into full production. Excluding companies at the forefront of AI adoption, around 2 in 5 businesses are still piloting AI agents, and nearly 30% are waiting to see how the market evolves, according to the Rackspace report. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
02-06-2025
- Business
- Zawya
Middle Eastern enterprises to advance cyber resilience in public cloud with Rubrik and Rackspace Technology
Fully managed Rackspace Cyber Recovery Service, powered by Rubrik, brings DevOps automation, immutable backups and Recovery as Code to complex public cloud environments United Arab Emirates, Dubai – Rubrik (NYSE: RBRK), a leading cyber resilience company, and Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, have announced Rackspace Cyber Recovery Service – a new managed service for customers operating in public cloud. By combining Rubrik's orchestrated data protection and cyber recovery solutions with Rackspace's DevOps principles and managed services, enterprises can simplify and accelerate recovery from ransomware attacks. Automated workflows deliver clean data and workloads through immutable backups, zero-trust architecture and Infrastructure as Code. With Rackspace Cyber Recovery Service, critical business workloads running in public clouds can be restored in hours, helping enterprises significantly strengthen their cyber resilience. Why does this matter? Recent deals demonstrate that Middle Eastern investment in cloud, AI and data centre projects are ramping up. These local initiatives are in pursuit of regional goals, such as the Saudi 2030 Vision, diversifying the country economically, socially and culturally. Organizations in the Middle East are therefore digitalizing at scale. Businesses that run key workloads in public clouds face growing challenges when responding to cyber attacks – from limited visibility and inconsistent backup policies to slow recovery times and lack of automation to rebuild at scale. At the same time, IT leaders are grappling with increasingly complex and distributed cloud environments, making it difficult to maintain consistency, ensure visibility and execute reliable recovery. Recently, Rubrik Zero Labs revealed that 90% of EMEA IT and security executives reported cyber attacks in the last year. In the event of major disruptions – such as ransomware attacks – many enterprises struggle to restore critical workloads quickly due to fragmented tooling, manual processes, untrusted data and inadequate automation. 'Enterprises can no longer rely on traditional recovery methods in a cloud-first, threat-intensified world,' said DK Sinha, President for Public Cloud at Rackspace Technology. 'To ensure recoverability in the public cloud, they must adopt a new approach that leverages cloud native tools, modern DevOps methodologies and trusted expertise. Through our partnership with Rubrik, Rackspace Cyber Recovery Service sets a new standard for cyber resilience of public cloud workloads.' Rackspace Cyber Recovery Service Extends Fast and Confident Cyber Resilience to Public Cloud Rackspace Cyber Recovery Service applies Infrastructure as Code and platform engineering principles to cyber recovery, enabling restoration of critical workloads across multi-cloud environments. The journey begins with a professional services-led transformation, where Rackspace experts modernize recovery architectures and codify resilient workflows tailored to each environment. These capabilities are then transitioned into a 'Day 2' fully managed service, ensuring continuous validation, optimization and operational readiness. By orchestrating Recovery as Code, the solution delivers rapid, repeatable and auditable workflows aligned with modern DevOps practices. Paired with Rubrik's immutable architecture and AI-driven threat detection and containment, it ensures clean data recovery into secure landing zones with minimal operational disruption. 'Amidst the evolving complexities of multiple cloud environments, proactive cyber resilience is not a luxury but a necessity. Together, Rackspace and Rubrik offer a differentiated, engineering-led approach to cyber resilience,' said Ghazal Asif, Vice President of Global Channels and Alliances at Rubrik. 'Specifically designed for complex, distributed cloud environments, our companies are at the forefront of safeguarding organizations against the rising tide of ransomware attacks in the realm of cloud and SaaS platforms.' Rackspace Cyber Recovery Service provides enterprises running public cloud workloads with: Proactive Protection: Continuous anomaly detection and threat monitoring to identify and resolve potential issues before they impact backups or recovery capabilities Expert Management: Optimal backup configuration, policy and lifecycle management Cloud Management: Infrastructure management services to ensure your applications are managed efficiently in the cloud while infrastructure and data restoration procedures are tested for recovery during incidents or disasters Improved Compliance: The ability to support data retention policies and regulatory requirements with consistent management and detailed reporting Advisory & Professional Services: Strategic guidance and implementation of Rubrik-powered cyber recovery solutions – including RTO/RPO planning, regulatory alignment and deployment of automated Infrastructure as Code workflows into secure landing zones On April 30, 2025 Rubrik and Rackspace announced a collaboration to deliver a fully managed isolated recovery solution – Enterprises to Redefine Cyber Resilience with Rackspace and Rubrik] About Rackspace Technology Rackspace Technology is a leading end-to-end, hybrid, and AI solutions company. We can design, build, and operate our customers' cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies. About Rubrik Rubrik (NYSE: RBRK) is on a mission to secure the world's data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.
Forbes
02-06-2025
- Business
- Forbes
When Hackers Aren't Human: 3 Key Strategies To Combat A New Era Of Cyber Threats
Travis Runty, Head of Security - Public Cloud, Rackspace Technology. getty The rapid adoption of Internet of Things (IoT) and cloud-connected technologies has significantly expanded organizations' digital footprints, enhancing flexibility and unlocking new technological capabilities. But this growth has also exposed new risks, providing cybercriminals with more entry points and potential "surface areas" to exploit. Even more concerning, these cyber threats are no longer limited to human attackers, with AI-driven "bad bot" attacks now accounting for one-third of all internet traffic. These bots expose critical flaws and vulnerabilities within the security frameworks that IT leaders have established in their architectures and operations. Unfortunately, traditional security operations centers (SOCs) are built to detect threats based on predefined rules and human-driven logic or characteristics. AI-powered bots use automation and adaptive methods to execute more sophisticated and dynamic attacks that can bypass these existing defenses. In response to these evolving vulnerabilities, IT teams must adopt a more holistic and proactive cybersecurity strategy, inclusive of strong AI assistance. Strengthening your SOC's readiness involves three key strategies: One of the biggest challenges for most SOCs is repetitive and round-the-clock monitoring carried out by "threat hunters" or frontline defenders who are responsible for responding to attacks and identifying potential vulnerabilities before they can be exploited. As the volume of cyber threats continues to rise, so does the pressure on these teams. Human error is more likely when IT professionals are overwhelmed by alerts and false positives, causing teams to become numb to the noise. A study by the Ponemon Institute found that 65% of SOC analysts are experiencing burnout due to increasing workloads, highlighting this urgent need for a shift in cybersecurity approaches. This shift may require a change in how security professionals view their skills and ultimately change the layer in which they engage. No longer can SOCs be composed of security generalists who respond to every alert. Instead, they must adopt a triage-based model that leverages AI solutions to evaluate and correlate, and then (if appropriate) assigns team members to threats based on expertise. To succeed, SOC leaders should create teams where each professional is proficient in managing the different types of threats at the host, platform or edge layer. This approach allows the organization to respond more efficiently to advanced threats they are facing while proactively strengthening their defenses against future risks. Moreover, security can no longer be confined to the sole domain of one department. Instead, it should be embedded into the entire organization with security-minded professionals integrated into multiple teams to foster a more resilient and proactive security stance. To address these new types of threats, SOCs also need to rethink the way they use technology, particularly regarding next-generation security information and event management (SIEM) and security orchestration, automation and response (SOAR) solutions. Today's SIEMs excel at detecting and reporting security incidents and aggregating and consolidating log data to help security teams identify and investigate potential threats. Next-generation SIEMs are also predictive and adaptive and go beyond simple reporting to analyze patterns across multiple layers rather than isolated incidents, while also monitoring traffic patterns and data access in real time. Before implementation, SOCs need to have a complete understanding of their technological assets, including endpoints, networks and other critical systems, which will be the key data sources leveraged. Although next-generation SIEMs offer advanced capabilities, they aren't tools that security teams can simply "turn on" and walk away. Ongoing support from trained team members or trusted partners will be essential to ensure effective management and performance. While the rise of AI bots has brought about new cybersecurity challenges, AI is also a crucial defensive tool to protect organizations, detect threats faster and respond to breaches more efficiently. Many organizations are already leveraging AI as a cybersecurity tool. In a survey we conducted, 42% of IT leaders said they are integrating AI into their cloud strategies for use in advanced security and threat detection. Organizations can encounter several challenges when integrating AI into their cloud strategies. One common issue is that AI solutions often start with low confidence in their outputs, leading to a high rate of false positives and false negatives. Additionally, if not properly tuned, these systems can overwhelm teams with excessive alerts, resulting in alert fatigue and the risk of missing critical events. These challenges can be mitigated by building teams with the right mix of security and data science expertise to continuously monitor, tune and improve the models. However, these skill sets are in high demand and can be difficult to source. Just as SOC teams need to be embedded across the entire organization, the seamless integration of AI-assisted threat detection, notification, enrichment and remediation is equally crucial. With the rise of edge computing, organizations must consider how they can extend security beyond centralized systems to where their data is most vulnerable. With attacks accelerating in pace and intensity, organizations cannot afford slow, laborious reporting structures. Well-rounded sensors must be deployed at the edge to detect and mitigate threats. Finally, aggregation of these events empowers better-informed correlation but can also introduce additional noise. To overcome this, an effective approach to AI should focus on tuning models to your specific environment, integrating threat intelligence and applying context-aware filtering. This ensures your team is prioritizing the highest-confidence threats—maximizing their impact and reinforcing trust with customers and stakeholders. Next-generation SOCs are increasingly investing in predictive threat modeling to anticipate risks and proactively refine their response strategies. This includes advanced tabletop exercises designed to surface effective behaviors and inform the creation of automated or guided runbooks—providing consistent, step-by-step protocols for managing incidents and routine operations. We're also seeing the emergence of fully autonomous containment platforms capable of investigating and correlating threats across diverse data sources. These systems can validate security events through analytics, minimizing the need for manual intervention or direct tool management by cybersecurity teams. Security transformation is a complex and unforgiving process, where even small gaps can lead to significant risks. To defend against AI-driven threats, SOCs must evolve. True security in the AI era depends on deep collaboration—where partners share insights, communicate seamlessly and evaluate information to stay ahead of attackers. Strengthening your SOC's readiness involves three key strategies.
Channel Post MEA
02-06-2025
- Business
- Channel Post MEA
Rubrik And Rackspace Partner For Enhance Cloud Cyber Resilience
Rubrik and Rackspace Technology have announced Rackspace Cyber Recovery Service – a new managed service for customers operating in public cloud. By combining Rubrik's orchestrated data protection and cyber recovery solutions with Rackspace's DevOps principles and managed services, enterprises can simplify and accelerate recovery from ransomware attacks. Automated workflows deliver clean data and workloads through immutable backups, zero-trust architecture and Infrastructure as Code. With Rackspace Cyber Recovery Service, critical business workloads running in public clouds can be restored in hours, helping enterprises significantly strengthen their cyber resilience. Why does this matter? Organizations running key workloads in public clouds face growing challenges when responding to cyber attacks – from limited visibility and inconsistent backup policies to slow recovery times and lack of automation to rebuild at scale. At the same time, IT leaders are grappling with increasingly complex and distributed cloud environments, making it difficult to maintain consistency, ensure visibility and execute reliable recovery. Recently, Rubrik Zero Labs revealed that 90% of global IT and security executives reported cyber attacks in the last year. In the event of major disruptions – such as ransomware attacks – many enterprises struggle to restore critical workloads quickly due to fragmented tooling, manual processes, untrusted data and inadequate automation. 'Enterprises can no longer rely on traditional recovery methods in a cloud-first, threat-intensified world,' said DK Sinha, President for Public Cloud at Rackspace Technology. 'To ensure recoverability in the public cloud, they must adopt a new approach that leverages cloud native tools, modern DevOps methodologies and trusted expertise. Through our partnership with Rubrik, Rackspace Cyber Recovery Service sets a new standard for cyber resilience of public cloud workloads.' Rackspace Cyber Recovery Service Extends Fast and Confident Cyber Resilience to Public Cloud Rackspace Cyber Recovery Service applies Infrastructure as Code and platform engineering principles to cyber recovery, enabling restoration of critical workloads across multi-cloud environments. The journey begins with a professional services-led transformation, where Rackspace experts modernize recovery architectures and codify resilient workflows tailored to each environment. These capabilities are then transitioned into a 'Day 2' fully managed service, ensuring continuous validation, optimization and operational readiness. By orchestrating Recovery as Code, the solution delivers rapid, repeatable and auditable workflows aligned with modern DevOps practices. Paired with Rubrik's immutable architecture and AI-driven threat detection and containment, it ensures clean data recovery into secure landing zones with minimal operational disruption. 'Amidst the evolving complexities of multiple cloud environments, proactive cyber resilience is not a luxury but a necessity. Together, Rackspace and Rubrik offer a differentiated, engineering-led approach to cyber resilience,' said Ghazal Asif, Vice President of Global Channels and Alliances at Rubrik. 'Specifically designed for complex, distributed cloud environments, our companies are at the forefront of safeguarding organizations against the rising tide of ransomware attacks in the realm of cloud and SaaS platforms.' Rackspace Cyber Recovery Service provides enterprises running public cloud workloads with: Proactive Protection : Continuous anomaly detection and threat monitoring to identify and resolve potential issues before they impact backups or recovery capabilities : Continuous anomaly detection and threat monitoring to identify and resolve potential issues before they impact backups or recovery capabilities Expert Management : Optimal backup configuration, policy and lifecycle management : Optimal backup configuration, policy and lifecycle management Cloud Management : Infrastructure management services to ensure your applications are managed efficiently in the cloud while infrastructure and data restoration procedures are tested for recovery during incidents or disasters : Infrastructure management services to ensure your applications are managed efficiently in the cloud while infrastructure and data restoration procedures are tested for recovery during incidents or disasters Improved Compliance : The ability to support data retention policies and regulatory requirements with consistent management and detailed reporting : The ability to support data retention policies and regulatory requirements with consistent management and detailed reporting Advisory & Professional Services: Strategic guidance and implementation of Rubrik-powered cyber recovery solutions – including RTO/RPO planning, regulatory alignment and deployment of automated Infrastructure as Code workflows into secure landing zones 0 0
