High-Tech

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Technology will be responsible for driving the future of mankind. If you’re an established tech firm wanting to build awareness and stand out among your competitors, KCD PR is known for our deep business and technology sector knowledge and delivering campaigns that elevate awareness and drive interest.

We are also a nimble partner to newly launched enterprises in search of a strategic communications agency that can quickly scale with your growing needs. For those seeking funding or a business life cycle change, KCD PR has elite industry contacts, influencer relationships and can facilitate the introductions and exposure needed to achieve stronger business outcomes.

We provide a variety of services to high-tech companies.

Insurtech

The insurance industry is prime for disruptive and innovative technology. Insurtech has developed to help large insurance companies explore new options outside of traditional human behavior. Insurtech funding in the US has increased 60% in the past few years. The Insurtech market was also valued at 2.72 billion, and the increased need for digitalizing is expected to continue propelling growth.

AI

Studies show that the adoption of Artificial Intelligence (AI) is on the rise. By 2045, AI is expected to completely surpass human intelligence. AI will also generate around 2 million new job positions in the coming years.

Cybersecurity

Cybersecurity is now a universal need. Two in three midsize organizations have suffered a ransomware attack in the past 18 months. Ransomware attacks continue to escalate in severity, cost, and volume every year. Thankfully, cybersecurity is becoming one of the fastest growing career fields.

Software as a Service (SaaS)

Software as a Service (SaaS) are applications that help users efficiently produce databases, graphs, spreadsheets, and more. Many enterprises rely on these programs to run their organization efficiently. Revenue in this segment is expected to grow to 71 billion dollars.

We’re an innovative high-tech marketing agency that gets results‍. We partner with clients of all sizes in high technology.

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Crypto startup Blockchain.com lays off 25% of staffas 3AC fallout spreads

PUBLISHED THU, JUL 21 2022, 10:01 AM EDT  |  UPDATED THU, JUL 21 2022, 10:12 AM EDT

Crypto startup Blockchain.com says it is laying off 25% of its staff, citing harsh market conditions.
The cuts translate to about 150 roles at the firm.
The company is also shutting down its Argentinian office and scrapping plans to expand in multiple countries.

Most of the layoffs — about 44% — affect employees in Argentina while 26% are based in the U.S. and 16% in the U.K. The company informed staff about the plans Thursday.

Industry website CoinDesk was first to report the news, which was later confirmed to CNBC by a Blockchain.com spokesperson.

Blockchain.com is one of many companies that got caught up in the fallout of crypto hedge fund Three Arrows Capital’s collapse.

3AC filed for bankruptcy protection earlier this month, having owed crypto firms including Celsius and Voyager Digital hundreds of millions of dollars. The company’s co-founders have since gone dark. Lawyers representing its creditors are trying to track their whereabouts.

Blockchain.com had itself lent 3AC $270 million in crypto and is expecting to lose that sum.

On Wednesday, crypto exchange Coinbase denied having any financing exposure to Celsius, Voyager or 3AC.

The collapse of the controversial Terra stablecoin in May had a spiral effect causing the downfall of crypto companies that made risky bets using borrowed funds.
Firms like Celsius and Voyager locked up user accounts after failing to meet redemption requests, before subsequently falling into bankruptcy.

Founded in 2012, Blockchain.com is a crypto exchange and wallet platform. The firm, which ranked No. 7 on this year’s CNBC Disruptor 50 list, claims to be responsible for nearly a third of all bitcoin transactions through its wallet product.

The privately-held company was valued at $14 billion in a funding round announced earlier this year. Its backers include Baillie Gifford, American hedge fund manager Kyle Bass and British tycoon Richard Branson.

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