10 AI News Updates on Wall Street’s Radar

8. AvePoint, Inc. (NASDAQ:AVPT)

Number of Hedge Fund Holders: 24

AvePoint, Inc. (NASDAQ:AVPT) provides cloud-native data management and SaaS solutions, helping organizations manage and protect data across third-party cloud platforms like Microsoft, Salesforce, Google, and AWS.

On February 11, AvePoint announced the next generation of AvePoint Elements, an AI-powered platform designed to improve data security, IT management, and efficiency for managed service providers (MSPs). The update strengthens AvePoint’s channel business, which accounts for over half of its annual recurring revenue. The platform enables MSPs to streamline security, compliance, and multi-tenant management while automating tasks to improve profitability and scalability.

During a private preview, partners reported a 40% rise in average revenue per user and an 85% reduction in operational inefficiencies. The launch aligns with projections that over 90% of cybersecurity solutions will be partner-delivered in 2025.