Daxa.ai Launches Proxima: The Secure AI Knowledge Engine for Regulated Industries
Built for BFSI, Healthcare & Pharma, Proxima delivers enterprise-wide AI knowledge retrieval with governance, security & run-time protocol-based access control.
'Proxima embeds access control and governance directly into AI applications, removing the need for bolt-on security. This integrated model is a game-changer for enterprises handling sensitive data.'— Habib B, Ph.D, GM of AI and Data at OneNZ,
SAN FRANSISCO, CA, UNITED STATES, June 5, 2025 / EINPresswire.com / -- Daxa, the AI platform engineered for compliance-first industries, today announced the launch of Proxima, a secure, scalable AI knowledge engine that enables enterprises to unlock unified, AI-powered answers from across their data ecosystem while maintaining ironclad access control, data privacy, and compliance.
Designed for highly regulated sectors, including Healthcare, Financial Services, Insurance, and Pharmaceuticals, Proxima is already in production with organisations where data security and AI utility must coexist. With native connectors for SharePoint, Slack, Salesforce, Google Drive, and more, Proxima offers a seamless knowledge layer across the enterprise without data ever leaving your environment.
Security Built In, Not Bolted On
At the heart of Proxima is its TwinGuard Architecture, which enforces both pre-ingestion classification and query-level access control:
Data Ingestion Gateway: Classifies sensitive data based on confidentiality, compliance (HIPAA, GDPR, etc.), and semantic context.
User Access Gateway: This gateway evaluates every query in real time, checking document context, user roles, and app intent to block unauthorized access.
But TwinGuard is only half the story.
MCP: The Trusted Bridge Between AI Agents and Enterprise Data
Proxima is more than a search tool- it's a secure, scalable foundation for connecting AI to your enterprise data, the right way.
At the core of this capability is the Proxima MCP Server, which acts as a secure, policy-driven gateway between your internal systems and both custom-built and commercial AI agents, including tools like Cursor, Clay, Cline, and Harvey.
By placing MCP between your enterprise data and AI interfaces, Proxima ensures that only verified, context-approved information flows into your AI systems. It enforces organizational access rules at the protocol level-so every interaction is governed, logged, and compliant by design.
Whether you're building internal AI copilots or adopting external agent platforms, Proxima MCP makes connecting them to your enterprise data fast, secure, and fully auditable.
Siva Somayajula, Chief Technology Officer at AliveCor, added:
'Combining patient health data with GenAI models and applications can be fraught with data leakage risks. Daxa offers advanced access control and governance guardrails built into their AI knowledge retriever to ensure peace of mind.'
Built for the Enterprise, Ready for the Future
This architecture empowers organizations to extend secure, AI-driven productivity across departments, including sales, customer support, engineering, HR, IT, and more, ensuring each team can harness the power of AI without compromising on data privacy, compliance, or governance.
With this foundation in place, Proxima enables:
AI Knowledge Retrieval: Personalized, secure search across siloed structured and unstructured enterprise data
Approved Model Hub: Centralized control over the usage of AI models like OpenAI, Anthropic, and DeepSeek
Enterprise Agent Enablement via MCP: Seamlessly and safely connect both internal and third-party AI agents to your enterprise systems with full observability, role-based access, and policy enforcement
Backed by recognition from Gartner and trusted by Fortune 500s, Proxima ensures AI doesn't mean risk- it means results.
About Daxa.ai
Daxa.ai is the AI platform built for enterprises that need to innovate without compromising compliance. Its ground-breaking product, Proxima, is a knowledge engine that combines AI-powered enterprise search with built-in governance, data security, and model control. With native support for MCP, Proxima ensures AI agents act within the boundaries of enterprise rules-making secure, compliant automation finally achievable in regulated industries.
Huseni Saboowala
Daxa
email us here
Visit us on social media:
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
How middlemen funnel illegal Chinese vapes into the United States
By Emma Rumney, Kaylee Kang and Tom Polansek LONDON/NEW YORK/CHICAGO (Reuters) -From an office a 15-minute drive from Chicago's O'Hare International Airport, one small firm helped import millions of unauthorized Chinese-made vapes last year alone, forming a key link in the supply chain feeding U.S. demand for illegal e-cigarettes. In a little over four years, the firm, a customs brokerage run by a man named Jay Kim, became a go-to broker for the Chinese vape industry. The firm worked on 60% of all shipments of vapes and vape parts from China to the U.S. in 2024 registered by the Food and Drug Administration, according to a Reuters analysis. "A lot of them have FDA authorization," Kim said in an interview in his office in April, referring to the vape shipments his firm handled. However, FDA data on imports into the U.S. of FDA-regulated goods such as tobacco products or medicines showed the products Kim's firm helped bring into the United States included unauthorized brands like Lost Mary and Geek Bar. The FDA has declared those brands illegal to import or sell, warning their array of fruit and candy flavors may appeal to children. The agency says nicotine can harm developing brains, and impact attention, learning and mood in young people, who can get hooked more easily on the addictive chemical. A Lost Mary spokesperson said it had no connection or contact with Kim's firm, and flavors play a key role in helping adult users quit smoking. The maker of Geek Bar did not respond to a request for comment. The Chinese city of Shenzhen is the biggest source of vapes, both legal and illegal, coming into the United States. In 2024, China exported more than 26 billion yuan ($3.6 billion) in vapes to the U.S., according to Chinese customs data. But U.S. customs figures show only $333 million in Chinese vapes were officially received in the U.S. that same year. Mismatches in custom data between the U.S. and its trading partners are not uncommon, but a 90% gap was unusual, two customs data specialists told Reuters. Unauthorized vapes often arrive in the U.S. disguised as other items like shoes and toys, according to the FDA, which leads efforts to control the vape market. Reuters used FDA and U.S. customs data, interviews with vape and tobacco industry insiders, and information from U.S. regulators and law enforcement to build a picture of how unauthorized vapes make their way onto U.S. shelves. It found a group of middlemen based on U.S. soil - including some customs brokers and distributors - who played key roles in the vape supply chain, and sometimes take steps to avoid detection. Trump Administration officials have promised a crackdown; FDA Commissioner Marty Makary has said the agency will stop illegal imports and distribution. "Our borders have been far too porous when it comes to challenges like illegal e-cigarette products coming from other countries," an FDA spokesperson said, adding that the agency is planning to use artificial intelligence to "stem the flow of products that are appealing to our nation's children." In May, the FDA and Customs and Border Protection announced a $34 million seizure of unauthorized vapes in Chicago. Officials found many of the shipments in the seizure, which took place in February, contained vague product descriptions and incorrect values. As part of the operation, for the first time, the agency sent letters to 24 middlemen involved in the vape supply chain, including U.S. importers and customs brokers. The letters warned the middlemen it was a crime to make false statements to the government, and asked them to explain how they ensured they followed tobacco laws, according to the FDA. Reuters was not able to establish whether Kim was among the customs brokers who received a letter from the FDA. He did not respond to detailed questions about Reuters' findings. VAPE MIDDLEMEN Customs brokers do not buy or sell goods themselves. Rather, they are paid by others, usually the importer, to help navigate the customs process by submitting documents and fielding enquiries from border officials, according to Lenny Feldman, a managing partner at the law firm Sandler, Travis & Rosenberg. Customs brokers may be breaking the law if they are found to have not conducted proper due diligence, said Feldman. Speaking briefly to Reuters at his office in April, Kim said his firm did not deal with vape shipments anymore after exiting the business last year. He said that a former employee of his firm had gotten him into working with vape clients and took those customers with her when she left. However, the FDA data reviewed by Reuters showed that vape-related shipments handled by Kim have continued throughout 2025, including in June. The FDA, which was directed to fire 3,500 employees in March, works with CBP to catch unauthorized vape shipments at the border. A spokesperson for CBP told Reuters the agency seized over 3 million units of illegal vapes valued at $76 million in 2024. 'CBP has encountered bad actors exploiting shipments to transit illicit goods, including illegal vapes, synthetic opioids, precursor chemicals and related paraphernalia,' the spokesperson said. The FDA said that over the past two years, efforts by FDA and CBP had led to the seizure of around 7.1 million e-cigarettes with an estimated retail value of over $136 million. Secretary of Health and Human Services Robert F. Kennedy Jr. said the administration would "wipe out" fruity and sweet flavored vapes from China that appeal to kids. "We are going to get rid of all of them," he told the Senate Committee on Health, Education, Labor and Pensions in May. Illinois Congressman Raja Krishnamoorthi said middlemen like Kim bear some responsibility for the flood of vapes, but lays most of the blame with the FDA, which he accuses of sitting idle while illegal vapes flood into the country. "The FDA is a disaster. It's asleep at the switch," he said. "You have illicit vapes all over the place." IN PLAIN SIGHT The Trump Administration's tariffs on China, as well as vape seizures, have already dented supply, Reuters reported this month. Vape shipments recorded by the FDA collapsed in May, with a shortage of popular brand Geek Bar in particular. The FDA has authorized 34 different vape products made by companies like British American Tobacco and Altria, but no fruity or sweet flavored vapes that the FDA says could appeal to children. And yet executives at BAT estimate unauthorized devices make up 70% of vape sales in the U.S., valuing their sales at $8.14 billion last year. The supply chain ferrying illegal Chinese-made vapes into the U.S. mostly operates in plain sight. It starts with a network of exporters based in China. After a vape shipment clears customs in the U.S., it is passed along to its U.S. buyer - usually a distributor, which then sells them to smaller wholesalers and retailers nationwide. The FDA collects data on U.S.-based recipients of vape shipments. The largest in 2024 was Reynolds American, the U.S. subsidiary of BAT. But the top ten largest U.S. vape recipients also included six obscure firms, opened in 2023 or 2024 and sometimes operating out of residential homes. The second-largest recipient of vape shipments in 2024 was a Chicago-based company called Somo Trade LLC, established in 2023, Reuters analysis of FDA data and state business filings show. A woman at the business' address, a residential home on Chicago's north side, told a Reuters reporter that the property was not involved in the vape business. Another recipient of vapes, Rongda Trade, is registered to a house on the same street as Somo Trade, opened the same month, and has already been shut down, its filings show. No one answered the door when Reuters visited the address. No one answered at a residential address linked to Lila Trade on Chicago's southwest side, either. The name of the registered agent, Xiaohong Dai, was not among those listed on four mailboxes out front. Reuters could not find websites for any of the firms, and their state business filings did not contain any contact information. Meanwhile, in February, New York Attorney General Letitia James sued 13 different companies which she said were major U.S. vape distributors, accusing them of working closely with Chinese manufacturers to fuel the unauthorized vape industry. "Together, Defendants have established an industry for flavored e-cigarettes, particularly disposable vapes, and staked out their own lucrative shares in the soaring market," the complaint states. "All have engaged in reprehensible, illegal conduct and aim to addict youth to their products." Mitch Zeller, former head of the FDA's Center for Tobacco Products during the Obama, Trump and Biden administrations, placed the blame on U.S.-based distributors, such as those named in James' lawsuit, for feeding demand. "There's only a handful of middlemen, middle companies, that are responsible for taking the illegal, imported stuff being misclassified and mislabeled and getting it into interstate commerce," he said. ($1 = 7.1836 Chinese yuan renminbi) ($1 = 0.7374 pounds) Sign in to access your portfolio
Yahoo
38 minutes ago
- Yahoo
Oil's Spike Unwinds as Traders Await Iran Response to US Attack
(Bloomberg) -- Oil jumped after US strikes on key Iranian nuclear sites in a significant escalation, but later pared gains as fears of an immediate disruption to supplies from the Middle East began to fade. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice One Architect's Quest to Save Mumbai's Heritage From Disappearing NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Global benchmark Brent initially surged as much as 5.7% to $81.40 a barrel in heavy trading, before changing hands near $78. US President Donald Trump said that weekend air attacks had 'obliterated' a trio of targets, and threatened more military action if Iran didn't make peace. In reply, Tehran warned that the strikes would trigger 'everlasting consequences.' The oil market has been gripped by the crisis since Israel attacked Iran more than a week ago, with futures pushing higher, options volumes spiking, and the futures curve shifting to reflect tensions about tighter near-term supplies. While the Middle East accounts for about a third of global crude production, there haven't yet been any signs of actual disruption to physical oil flows, including for cargoes going through the Strait of Hormuz chokepoint. 'Traders are starting to think there is nothing here: we are up $10 a barrel since the war started, now a little more, and so I think there is an appropriate amount of risk in the market,' said Bob McNally, founder of Rapidan Energy Advisers LLC and a former White House energy official. 'Traders are holding their breath, waiting to see if Israel or Iran expand this conflict beyond military and political targets into traded energy,' he told Bloomberg Television. 'So far, no one has pulled that trigger — and if they don't, I can see the price reversing.' The unprecedented US strikes were meant to hobble Iran's nuclear program, and targeted sites at Fordow, Natanz, and Isfahan. At the United Nations on Sunday, Ambassador Amir Saeid Iravani said the 'timing, nature and scale' of Tehran's response 'will be decided by its armed forces.' There are multiple, overlapping risks for crude flows. The biggest centers on the Strait of Hormuz, should Tehran seek to retaliate by attempting to close the narrow conduit. About a fifth of the world's crude output passes through the waterway at the entrance to the Persian Gulf. Iran's parliament has called for the closure of the strait, according to state-run TV. Such a move, however, could not proceed without the approval of Supreme Leader Ayatollah Ali Khamenei. Authorities may yet restrict flows in other ways. 'The market will closely watch Iran's response,' said Muyu Xu, a senior crude analyst at Kpler Ltd. 'If Iran blocks the Strait of Hormuz, even for one day, oil can temporarily hit $120 or even $150.' Rival Suppliers In addition, Tehran could opt to target crude infrastructure in rival suppliers in the Middle East, such as fellow OPEC+ producers Saudi Arabia, Iraq or the United Arab Emirates. Both Riyadh and Baghdad expressed concern following the US attack. Elsewhere, Iran could orchestrate attacks on ships on the other side of the Arabian peninsula in the Red Sea, encouraging Yemen-based Houthi rebels to harass vessels. After the US attacks, the group threatened retaliation. If the hostilities escalate, Tehran's own oil-producing capabilities could be targeted, including the key export hub at Kharg Island. Such a move, however, could send crude prices soaring, an outcome that Washington might want to avoid. So far, Kharg Island has been spared, with satellite imagery pointing to a drive by Iran to expedite its exports of oil. The crisis will also throw a spotlight onto the Organization of the Petroleum Exporting Countries, and its allies including Russia. In recent months, OPEC+ eased supply curbs at a rapid clip to regain market share, and yet members still have substantial idled capacity that could be reactivated. Brent's prompt spread — the difference between its two nearest contracts, and a closely followed metric — first widened to as much as $1.99 a barrel in backwardation, from $1.53 on Friday. It then retraced almost all of that move. 'It may take a few days or even weeks to discern the Iranian response to this unprecedented attack,' RBC Capital Markets LLC analysts including Helima Croft said in a note. 'Above all, we would caution against the knee jerk 'the worst is behind us' hot take at this stage.' --With assistance from Stephen Stapczynski and Yongchang Chin. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
39 minutes ago
- Yahoo
OLX Group Reports Strong FY 2025 Results With 18% Revenue Growth and 61% Profit Uplift Year-on-Year
AMSTERDAM, June 23, 2025--(BUSINESS WIRE)--OLX Group ("OLX"), a global online classifieds leader and subsidiary of Prosus N.V., has reported strong financial results in the fiscal year 20251. The company generated revenues of US$7772 million, an 18% year-on-year increase. Adjusted EBIT3 (aEBIT) amounted to US$2702 million, representing an increase of 61% (in local currency) over the prior year, while aEBIT margin was 35%, a significant expansion from 25% in FY24. The strong performance was primarily driven by its core categories Motors, Real Estate, and Jobs, in its key high-growth markets. In addition, the company continues to leverage its strong investments in product, with emphasis on enhancing the customer and user experience through state-of-the-art AI solutions. Main categories essential for driving growth and profitability Across its platforms, OLX witnessed strong user and customer engagement. OLX platforms, operating nine brands in nine markets worldwide, hosted nearly 64 million active listings daily, with 29 million monthly app users, highlighting the platform's impressive scale and impact. In particular, Motors, Real Estate, and Jobs categories performed exceptionally well: Motors: Achieved 24% revenue growth year-on-year, driven by innovative dealer tools and trust-building features like vehicle history reports and ratings. OLX continues to make buying and selling cars safer and more efficient. Real Estate: Delivered 23% revenue growth year-on-year, supported by product enhancements like unified platform rollout, redesigned mobile app, and tools optimised for agents. Investment in tools for professionals is unlocking significant growth potential. Jobs: OLX strengthened its presence in key blue and grey collar job markets across Poland, Romania, and Ukraine, with investments in employer branding features and AI-powered matching capabilities. OLX Jobs continues to accelerate and expand rapidly. Christian Gisy, CEO of OLX Group, said: "I am very happy with our financial performance in the fiscal year 2025. We are seeing strong, profitable growth momentum in all of our key categories and markets. This proves that we made the right strategic shift towards a stronger focus on our core B2C businesses Motors, Real Estate, and Jobs - in selected, high-growth markets. Our investments in Artificial Intelligence are starting to pay off and will enable us to leverage our potential for even more profitable growth in the future. Looking ahead, we are more than confident to achieve a sustained revenue growth of over 20%, with profit margins approaching 50% and more." Fabricio Bloisi, CEO of Prosus Group, said: "OLX has delivered another set of outstanding results, further demonstrating its position as a classifieds leader across multiple markets. As a core part of our lifestyle ecommerce ecosystem, OLX is making buying and selling simpler, smarter, and more trusted for millions of users. The team's clear strategy and performance demonstrate the company's momentum and I'm excited to see what Christian and the team achieve next." Pioneering in AI to improve customer and user experience and accelerate growth With its focus on attractive, high-margin categories in fast-growth markets, data and AI-driven value-adding services for its customers, OLX has a strong strategy in place to further accelerate its growth trajectory. To this end, OLX continuously invests in state-of-the-art AI solutions. In the past year, OLX invested over US$ 17M to further strengthen AI capabilities, tools, and talent base. On the back of the work of OLX's data and AI teams, the company has deployed to date 55 AI use cases across the business, enhancing personalisation, trust, and automation both for users and professional customers. From smarter search, platform moderation, and fraud protection, AI will continue to be a crucial pillar of OLX's growth strategy. About OLX Group OLX is a global marketplace leader that builds platforms to facilitate trade. Serving tens of millions of people around the world every month, OLX exists to enable buyers to afford things they would not usually buy as new, and to enable sellers to make extra cash and generate their own revenue stream. OLX is the classifieds business of Prosus, one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. For more information on OLX, visit For more on Prosus, its companies and investments, visit 1 April 2024 to March 20252 Includes financial results from OLX Autos business which was carved out but included in our continuous operations due to IFRS requirement3 Adjusted EBIT = represents operating profit/loss from continuing operations adjusted to include lease interest paid and exclude the amortisation of intangible assets, retention option expenses and other losses/gains linked to business combinations and acquisitions, due diligence and legal fees, fair-value adjustments of financial instruments and/or impairment losses. View source version on Contacts Media Contact:Ana Garcia | media@ FGS Global | olx_eu@ Sign in to access your portfolio
