6th June, 2023 – Singapore – Wedge Networks, an innovation leader in Real-Time Threat Prevention solutions, today announced the General Availability (GA) of WedgeIQ™ Nucleation Edition, an innovative, continuous machine-learning based Security Operations, Incident, and Event Management (SIEM) and analytics engine, at Asia Tech x Singapore, Asia’s premier tech event.
Developed as a licensable component of the advanced WedgeARP™ software platform, WedgeIQ™ Nucleation Edition offers a potent response to today’s pressing cybersecurity challenges, particularly the increasingly sophisticated, never-before-seen malware that outmaneuvers current defense systems where Wedge’s patented continuous AI engines are continuously learning to respond to such attacks.
Leveraging a scalable data analytics engine and cutting-edge AI/Machine Learning algorithms, WedgeIQ™ Nucleation Edition introduces a new level of actionable analytics and autonomous data capture to the cybersecurity landscape, pioneering the future of Intelligent Security Operations Centers.
Key features of WedgeIQ™ Nucleation Edition include:
- A continuous learning, patented threat intelligence harvesting process supporting real-time threat prevention.
- Data Fusion ability, offering a comprehensive view of the cyber threat landscape across all digital assets.
- Real-time security events overlay on geo-map, supported by multi-petabytes of distributed, multi-tenant databases.
- Automatic event correlation and alerts on unusual changes in Key Performance Indicator values
- A diverse set of security VNFs, including offensive cyber functions.
- Highly reliable deployments with built-in operational and data redundancy.
This successful launch is the product of comprehensive collaboration between Wedge Networks and esteemed R&D partners, including the University of Calgary, University of Alberta, NRC, Alberta Innovate, and Wedge’s leading commercial partners.
The innovation was tested through the Government of Canada’s Innovative Solutions Canada program’s military track. During this project, CENGN (Canada’s Centre of Excellence in Next Generation Networks) evaluated WedgeIQ on its real-time cyber threat prevention and the integration of AI and machine learning to autonomously produce decision analytics on incoming traffic.
“The importance of cybersecurity continues to grow as the world becomes more dependent on digital technologies, and operations become digitalized. In Canada alone cyber-attacks and data breaches cost Canadians collectively an estimated $3.12 billion a year,” said Alex Edwards, Business Engineering Manager at CENGN. “To see a promising Canadian cybersecurity company like Wedge effectively merge AI/ML and data fusion technologies to substantially enhance their cyber solution is exciting for our innovation community. After rigorously assessing WedgeIQ we confirmed the solution successfully demonstrated the functionality of its critical services and passed all test objectives.”
Dr. Hongwen Zhang, CEO & CTO and Co-founder of Wedge, expressed, “WedgeIQ™ is designed to automate the advanced machine learning process for large-scale security operations, information, and event management in both closed and open environments. We’re honored to have had the opportunity to test this innovation with Shared Services Canada through the Innovative Solutions Canada program.”
Dr. Husam Kinawi, Chief Scientist and Co-founder of Wedge, added, “We are very impressed by CENGN’s testing facilities, methodology, and rapid feedback to our product development team. This collaboration has resulted in a superior product that has been well received by Wedge’s customers, especially government departments.”
About Wedge Networks
Wedge Networks Inc. (“Wedge”) is a cybersecurity software vendor specializing in Real-Time Threat Prevention. Headquartered in Calgary, Canada, Wedge has international teams in North America, Asia Pacific, Europe, and the Middle East and North Africa Regions. The WedgeARP™ suite (Wedge Absolute Real-Time Protection) provides highly evolved and innovative, AI-driven security protection to millions of connected systems in over 25 countries and regions. Wedge is committed to helping secure the cloud-connected world with global partners and various deployment options.
For more information on Wedge Networks, visit www.wedgenetworks.com
For media enquiries contact: PR@wedgenetworks.com
Cautionary Statements and Forward-Looking Information
This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Corporation’s business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The forward-looking statements contained in this news release are made as of the date hereof and Wedge undertakes no obligation to update, publicly or otherwise, or revise any forward-looking information, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws. The forward-looking information contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Corporation’s future business activities may differ materially from those in the forward-looking statements as a result of various factors , including, but not limited to: expansion and business strategies, anticipated growth opportunities, the impact of the COVID-19 pandemic, general economic, market or business conditions, the amount of fundraising necessary to perform on its business objectives, operational risks, the ability of the Corporation to raise necessary funds for its business objectives, and the outcome of commercial negotiations. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Although the Company believes that the assumptions and factors on which such forward-looking statements is based are reasonable, undue reliance should not be placed on the forward-looking statements as the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.
