In the latest instalment of Kuala Lumpur News, significant strides are made in technology and business. Tapway Sdn. Bhd. introduces SamurAI, an innovative Vision AI platform that transforms video footage into actionable insights.
EPB Group Berhad’s IPO achieves a remarkable 61.08 times oversubscription, showcasing robust investor confidence.
Meanwhile, BlackBerry Limited reports a surge in cyberattacks on Malaysian IT supply chains, underscoring the critical need for strengthened cybersecurity measures.
Vision AI Platform Launched
Kuala Lumpur, Aug 8: Tapway Sdn. Bhd. unveiled SamurAI, a Vision AI platform for analyzing video footage and images, turning data into actionable insights without coding. The platform includes SamurAI Copilot, with ready-to-use AI models for CCTV cameras, and SamurAI Central, enabling custom model creation. Tapway partnered with Asteria Technology to develop an AIoT Suite product bundle, expanding its market in Southeast Asia and Japan.
“More organisations now use cameras for various reasons such as security surveillance or for manual operational monitoring purposes, but raw video footage and images don’t often provide value unless they are properly analyzed. So, our SamurAI turns a passive, underutilized CCTV camera into actionable insights that deliver instant value to your organization. This automated approach makes AI adoption much simpler and faster at an affordable price,” said Lim Chee How, CEO of Tapway.
SamurAI offers applications in manufacturing, vehicle tracking, and hygiene compliance, starting at USD 25 monthly. Tapway is the first Malaysian ISV on AWS Marketplace with SamurAI Central software. “Tapway wants to enable more companies around Southeast Asia to embrace Vision AI. We are very glad to have established a strategic alliance with Asteria and listed SamurAI on AWS Marketplace to help us achieve this mission,” Chee How added.
EPB IPO Oversubscribed
Kuala Lumpur, Aug 8: EPB Group Berhad (EPB), a leading food processing and packaging machinery solutions provider, announced its IPO was oversubscribed by 61.08 times. The public issue of 19,570,000 new shares saw a total of 25,756 applications for 1,214,904,500 shares worth RM680,346,520.
EPB’s IPO includes 71,570,000 new shares divided among the Malaysian public, Bumiputera investors, and eligible directors and associates. Additionally, there are 40,000,000 offer shares via private placement.
Managing Director Yeoh Chee Min expressed gratitude for the overwhelming response, noting the market’s confidence in EPB’s strategic direction and potential. Deputy Managing Director Liew Meng Hooi emphasized the company’s focus on robotics and innovation in food processing and packaging solutions as key growth drivers.
Lim Chia Wei, Managing Director of Malacca Securities Sdn. Bhd., highlighted the positive investor response as a reflection of EPB’s future prospects and strategic focus on automation and customisation.
EPB Group Berhad is scheduled to debut on the ACE Market of Bursa Securities on Aug 23.
Cyberattacks Surge in Malaysia
Kuala Lumpur, Aug 8: BlackBerry Limited reported at the NACSA Cybersecurity Summit that 79 per cent of Malaysian IT leaders experienced cyberattacks on their software supply chains over the past year, with 38 per cent taking up to a month to recover.
This figure exceeds the global average of 76 per cent.
A global survey by Coleman Parkes in April 2024 found that 81 per cent of Malaysian respondents uncovered hidden members in their software supply chains.
The study underscores the need for secure-by-design software and robust regulation in line with Malaysia’s Cyber Security Act 2024 and National Semiconductor Strategy (NSS).
NACSA Chief Executive, Dr. Megat Zuhairy bin Megat Tajuddin, emphasised, “The findings highlight the criticality of Act 854, aimed at enhancing Malaysia’s cyber-resilience.”
BlackBerry Cybersecurity CISO Christine Gadsby noted, “It takes more than trust to protect the software supply chain. Progressive measures and investments by governments like Malaysia’s are crucial in safeguarding critical infrastructure.”
The research identified significant challenges for Malaysian companies, including a lack of technical understanding (58 per cent), effective tools (44 per cent), visibility (41 per cent), and skilled talent (40 per cent).
Despite frequent software inventory checks, these barriers persist.
Gadsby concluded, “Human factors such as a lack of skilled talent and technical understanding challenge industries, yet there’s a high demand for compliance certification from suppliers.”
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