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Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global leader in providing advanced internet access and web data collection solutions. The company operates through two main segments: Enterprise Internet Access and Consumer Internet Access. The enterprise segment focuses on web data collection and private internet browsing platforms, offering services like the newly developed SERP Scraper API and Website Unblocker. These solutions enable enterprises to collect real-time structured data from search engines, improving SEO and market research.
Headquartered in Tel Aviv, Israel, Alarum has a significant international presence, including the UK Virgin Islands, Israel, Europe, APAC, MEA, Hong Kong, and the USA. The company's Enterprise Internet Access segment generates the majority of its revenue from the APAC region, followed by the United States.
Alarum’s top-notch infrastructure is built on a secure hybrid proxy network, featuring both exit points via proprietary reflection technology and hundreds of servers globally. This network ensures privacy, quality, stability, and speed, enabling clients to collect data anonymously at any scale. The company's innovative products, like the AI Data Collector, automate data scraping processes, adapting to website changes seamlessly, which is crucial for industries ranging from financial services to healthcare.
Financially, Alarum has shown impressive growth. For instance, the company’s revenue crossed $7 million in the fourth quarter of 2023, with a total expected revenue of approximately $26.5 million for the year. NetNut Ltd., a wholly owned subsidiary, saw its annual revenue surge 150% to over $21 million in 2023. This growth underscores Alarum's strategic focus on enhancing its product offerings and expanding its customer base.
Recent achievements include the onboarding of new customers for the SERP Scraper API, the launch of the Website Unblocker, and the AI Data Collector product line. These innovations align with Alarum's goal to provide cutting-edge web data collection solutions, addressing the growing demand in the market.
For more information about Alarum and its suite of internet access solutions, please visit www.alarum.io.
RedChip Companies will feature interviews with BullFrog AI (NASDAQ:BFRG) and Alarum Technologies Ltd. (NASDAQ:ALAR) on The RedChip Money Report this Saturday, April 15, at 7 p.m. ET. The program will be broadcast on Bloomberg TV, which reaches approximately 73 million homes in the U.S.
View the interviews online at:
BullFrog AI is focused on precision medicine using its proprietary bfLEAP™ AI platform to enhance drug development and patient therapy matching. Alarum Technologies provides internet access solutions, including privacy and cybersecurity for enterprises and consumers.
Alarum Technologies Ltd. (Nasdaq, TASE: ALAR), a global provider of internet access solutions, has announced the launch of a new white-label privacy solution aimed at consumers. This innovative solution focuses on enhancing user privacy by enabling them to control their online data through advanced encryption technologies.
CEO Shachar Daniel highlighted the company’s effort to diversify its service offerings, potentially opening up new markets beyond its traditional customer base. Discussions are already in progress with several large vendors interested in branding the new solution for their customers. The application allows users to direct their data through secure tunnels, ensuring that their online activities remain private and protected from unauthorized access.
Alarum Technologies Ltd. expects first-quarter revenues for 2023 to reach approximately $5.5 million, marking a 50% increase from $3.7 million in Q1 2022. This achievement reflects the company’s ongoing investment in its privacy products, resulting in a record-breaking ninth consecutive quarter of growth.
The company's operative cash burn rate has significantly reduced to about $0.3 million, showing efficient operational management. As of March 31, 2023, Alarum had a preliminary cash balance of approximately $3.7 million and secured $2.2 million in additional funds through credit facilities and strategic investments from 2022. Full financial results will be released by May 31, 2023.
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