FREDERICK MD, June 7,
2022 – KnowledgeNet.ai, a leader in collaboration intelligence and knowledge sharing
platform, announces the successful completion of the
System and Organization Controls (SOC) 2 Type II Audit.
Created by the
American Institute of Certified Public Accountants (AICPA), SOC 2® is a
reporting framework that sets the benchmarks for managing systems, process
controls and data. These benchmarks include the five Trust Services Criteria -
privacy, confidentiality, security, availability, and processing integrity. Adhering
to SOC 2 Type II ensures current and future customers that KnowledgeNet.ai has
the proper security, privacy, and compliance controls to manage its collaboration intelligence and knowledge-sharing
privacy of our client's data are at the core of KnowledgeNet.ai," said Mehdi Tehranchi,
CEO of KnowledgeNet.ai. "This SOC 2 Type II review
highlights how much time and effort we've invested in making our platform safe
and provides our clients the protection and peace of mind they deserve. I am incredibly
proud of the KnowledgeNet.ai team for this accomplishment and the confidence it
confers on our revolutionary
collaboration intelligence and knowledge sharing platform."
The SOC audit
involved a deep dive into the KnowledgeNet.ai platform's physical
infrastructure, operating software and programs, management and governance,
data integrity, and procedures. This illustrates that our security program and
policies effectively safeguard data with responsible process monitoring,
encryption, intrusion detection, user access authentication, and disaster
In addition to SOC 2 requirements,
KnowledgeNet.ai is introducing many additional layers of redundancy and
increasing monitoring coverage of its platform.
KnowledgeNet.ai KnowledgeNet.ai is a leader in collaboration
intelligence and knowledge sharing platform that revolutionizes how
organizations use intellectual capital. Our AI-driven application connects and
transforms corporate conversations and enterprise knowledge into actionable intelligence. Creating a secure, cohesive
360° view to manage and preserve past, present, and future intelligence to
uncover new opportunities, maximize the value of each, and gain an edge over
the competition. For more information, visit www.KnowledgeNet.ai
4539 Metropolitan Court, Frederick, MD 21704
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U.S. DEPARTMENT OF COMMERCE ANNOUNCES 51 “BUILD TO SCALE” GRANTS TOTALING $47 MILLIONTO FUEL INNOVATION AND TECH-BASED ECONOMIC DEVELOPMENT
Contact: EDA Public Affairs Department, (202) 482-4085
October 5, 2022
WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding 51 “Build to Scale” grants – totaling $47 million – to organizations that support technology entrepreneurs, catalyze innovation and fuel economic growth.
EDA’s “Build to Scale” program provides annual grants that aim to accelerate technology entrepreneurship by increasing inclusive access to entrepreneurial support and startup capital. The 2022 awardees will leverage an additional $48 million in matching funds from a variety of private and public sector sources. These EDA investments support advanced manufacturing, bioscience, clean energy and blue economy clusters in regions throughout the United States.
"Strengthening technology ecosystems are a critical key to the Biden Administration's efforts to build a stronger America,” said Secretary of Commerce Gina Raimondo. “Innovation and entrepreneurship have long been keys to American success and will continue to strengthen our collective economic and national security, as well as individual prosperity and well-being.”
"EDA is proud to partner with this year's 'Build to Scale' grantees as they invest in entrepreneurs and create equitable access to capital in their communities," said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. "These projects will give the next generation of industry-leading companies a seminal boost that will result in job creation and private investment – potentially transforming a regional economy and creating economic opportunity beyond what we can foresee.”
The 2022 Build to Scale program was comprised of two competitions––the Venture Challenge and the Capital Challenge. The Venture Challenge supports programs that enable high-growth technology entrepreneurship and foster inclusive access to proven entrepreneurship support models. The Capital Challenge increases access to capital in communities where risk capital is in short supply by providing operational support for early-stage investment funds, networks, and training programs that focus on both traditional and hybrid equity-based financing.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.