Top 8 AI News Updates Investors Should Not Miss

5. Allot Ltd. (NASDAQ:ALLT)

Number of Hedge Fund Followers: 25

Allot Ltd. (NASDAQ:ALLT) supplies cybersecurity solutions and network intelligence for global communication service providers and enterprises. The company’s offerings include network-native cybersecurity services, network and application analytics, and traffic control and shaping.

On March 26th, Allot Ltd. (NASDAQ:ALLT) announced that Rakuten Mobile deployed Allot Network Protection and Deep Network Intelligence solutions as it transitions from a Network Functions Virtualization architecture to its cloud-native Rakuten Symphony Platform. The Allot Smart NetProtect solution uses ML and AI to detect anomalies in network traffic before they impact service quality.

“The migration process from NFV to Rakuten Symphony’s cloud-native platform was a feat in itself, in which Allot participated as a close technology partner with Rakuten Mobile. As a part of the Rakuten Mobile blueprint for cloud-native networking services, Allot has displayed an ability to support a top-tier communications service provider in the live cloud-native deployment of its fully containerized solutions, protecting one of the most advanced networks in the world.”

-said Oren Kaufman, general manager at Allot Ltd., Japan.