ATLANTA, Jan. 11, 2024 — Atomic-6, a leading innovator in advanced composite manufacturing for Aerospace, Ballistic, and Hypersonic applications, is pleased to announce the successful completion of its first two funding rounds. With an infusion of dilutive funding ($4.95M) and non-dilutive Small Business Innovation Research contracts ($4.24M) awarded by the United States Air Force and Space Force, the company has secured a total of $9.2M to further its innovative pursuits. 

This funding opportunity has attracted a roster of notable investors who recognize the potential in Atomic-6’s transformative approach. They include IronGate Capital Advisors, Starburst Aerospace, Jim Hunt-founder of Lavrock Ventures, and Garrett Langley-founder of Flock Safety. Additionally, a group of distinguished retired military leaders and former government officials have invested, including USAF Retired Major Generals Douglas Raaberg and Stephen Sargeant, USAF Retired Brigadier General Carl Buhler, USAFR Lieutenant Colonel Michael Kunkler, former Deputy Assistant Secretary of the Army Van Hipp, and Honorable Tidal W. (Ty) McCoy the former USAF Acting Secretary, current Chairman of the Space Transportation Association and Vice Chairman of the Cyber, Space, & Intelligence Association.

Atomic-6’s commitment to innovation has been recognized through a series of prestigious SBIR/STTR contracts, and by its selection for two elite startup accelerator programs. The SBIR/STTR contracts include projects that range from testing next-generation composites for hypersonic applications to developing lightweight Micrometeorite and Orbital Debris (MMOD) protection systems – technology critical to future space missions. Furthermore, Atomic-6 has successfully completed the Starburst Aerospace and Creative Destruction Lab-Space Stream startup accelerator programs. The company is also pushing boundaries by developing a deployable collapsible tubular mast boom for various applications, such as solar arrays on the International Space Station or bases on the Moon and Mars, as well as bulkheads for high-performance aircraft such as the Group 5 Unmanned Combat Aerial Vehicles (UCAVs) for the United States Air Force.

The funding will bolster the company’s ability to build upon these advancements and further its commitment to delivering superior aerospace and defense solutions.

Atomic-6 CEO, Trevor Smith, said, “We are grateful for the support from our investors, commercial customers, and the US Department of Defense. Our work is critical to furthering human space exploration and to increasing National Security. We are thrilled to continue our mission of advancing composite technologies. This funding validates the hard work of our team and will fuel our ongoing efforts to shape the future of the industry.”

About Atomic-6
At Atomic-6, we leverage a proprietary manufacturing process that optimizes fiber-to-resin ratios, significantly reduces porosity, and expedites production cycle times. This process is not limited to a single type of fiber or resin; it extends across a broad spectrum of available materials. What sets us apart is our capability to custom-engineer not just the material systems but also the tooling and processing methods, tailored specifically to the multifaceted requirements of the aerospace, hypersonics, and ballistics industries. By doing so, we can meet the unique and often complex demands of our customers, offering a level of customization that goes beyond typical industry standards.

Media Inquiries:
Dakota Ward 
Atomic-6 
Business Development Representative 
[email protected]
404-375-4395

SOURCE Atomic-6

NEW YORK, 10. Januar 2024 — SCUBA Analytics, ein Pionier auf dem Gebiet der hochfrequenten Datenkollaboration und Entscheidungsanalyse, freut sich, die Ernennung von Marc Ryan zum Produktvorstand bekannt zu geben. Marc ist ein ausgewiesener Experte mit Erfahrung im Bereich Medien und Messung, der zuletzt als Leiter des Bereichs Datenmanagement bei Kantar tätig war. 

„Wir freuen uns sehr, Marc bei SCUBA begrüßen zu dürfen, um die Modernisierung führender Marken und Publisher voranzutreiben, die in eine neue Ära des Datenschutzes, der Zielgruppenforschung und der Automatisierung eintreten. Die Werbewirtschaft muss einfach einen besseren Ansatz finden, um Signale in schnelle Entscheidungen umzusetzen und dabei gleichzeitig die Privatsphäre der Verbraucher zu schützen”, sagte Geschäftsführer Tony Ayaz.

Marc bringt einen großen Erfahrungsschatz mit zu SCUBA Analytics, nachdem er eine bemerkenswerte Karriere in Führungspositionen bei einigen der angesehensten Unternehmen der Branche gemacht hat. Seine Expertise im Umgang mit der Komplexität des MarTech- und AdTech-Stacks und seine Weitsicht hinsichtlich der bevorstehenden Herausforderungen in Bezug auf Drittanbieter-Cookies machen ihn zu einer entscheidenden Kraft in der sich entwickelnden Landschaft der Werbewelt.

„Die Werbeindustrie steht an einem kritischen Punkt”, sagte Marc Ryan. „Ich fühle mich geehrt, Teil von SCUBA Analytics zu werden, einem Unternehmen, das sich an diese Veränderungen anpasst und eine Vorreiterrolle bei innovativen Lösungen einnimmt. Ich freue mich darauf, meinen Beitrag zum Wachstum des Unternehmens zu leisten und unsere Kunden bei der Bewältigung der Komplexität der heutigen Werbelandschaft zu unterstützen.”

Informationen zu SCUBA Analytics
SCUBA ist die einzige Echtzeit-Plattform für die Datenkollaboration, die KI-gestützte dynamische Zielgruppensegmentierung und erweiterte Aktivierung bietet. Weltweit agierende Marken wie Microsoft, McDonald’s, Twitter und Warner Bros. vertrauen auf SCUBA, um in Echtzeit Einblicke in alle Kundeninteraktionen zu erhalten und so jede Chance nutzen zu können.

SCUBA ist die einzige Plattform für die Datenkollaboration, die eine sofortige Entscheidungsfindung und Aktivierung ermöglicht, ohne den Datenschutz zu vernachlässigen. Internationale Marken wie Microsoft, McDonald’s, Twitter und Warner Bros. vertrauen auf SCUBA, um Einblicke in Milliarden von Touchpoints zu erhalten und so in Echtzeit Erfahrungen zu verbessern und das Wachstum voranzutreiben. Das Unternehmen wurde von ehemaligen Führungskräften von Facebook gegründet und wird von Branchenveteranen von Kantar, Sonos und Splunk geleitet.

Medienkontakt: Nick Sabean, SCUBA Analytics [email protected] 480.490.8597 www.scuba.io

Logo – https://mma.prnewswire.com/media/2314732/SCUBA_Logo.jpg

Karma Wallet’s platform successfully merges fintech and sustainability, sparking a movement in conscious consumerism. 

RALEIGH, N.C., Jan. 10, 2024 — In a bold move to fuse financial technology with environmental stewardship, Karma Wallet announces today the launch of their Karma Wallet Card, a groundbreaking new spending tool that redefines the power of purchase. Accompanied by a robust $2M+ funding injection from socially conscious investors, including the innovative Tweener Fund, this launch heralds a new era of impact-driven, conscious consumerism.

Designed to disrupt the fintech status quo, Karma Wallet offers an easy mechanism for consumers to understand the true impact of their spending habits. The Karma Wallet reloadable prepaid debit card is the first financial product to provide real-time insights into the social and environmental impact of every transaction. Karma Wallet’s growing community now has the unparalleled ability to turn their daily and recurring expenses into direct action, earn cashback rewards, and automatically support reforestation efforts and local food security initiatives on select purchases.

“There is a big gap between intention and action,” Karma Wallet CEO and co-founder Jayant Khadilkar told Sustainable Brands™ in 2022. “Through the Karma Wallet Card, we’re turning everyday transactions into opportunities for profound action.”

The Karma Wallet companion app comes with a dashboard that provides an unparalleled view into the socioeconomic impact of each purchase, and access to comprehensive impact evaluations of 15,000+ brands. This proprietary ecosystem showcases where, and more importantly how, cardholders can make purchasing decisions that reflect their individual ethos, and the card allows members to put that directly into action. 

“Our members are change-makers; participating in a global effort to use money as a tool for change,” explains Kedar Karkare, PhD, Karma Wallet’s co-founder. “Our mission is to enlighten, engage, and empower consumers to be the change they want to see in the world, one purchase at a time.”

With the $2M+ capital poised to propel the Karma Wallet card into the marketplace, the team’s vision is clear: to catalyze a shift towards mindful spending, educate consumers, and shape a future where every dollar spent supports a more sustainable and equitable world. Their recent inclusion on Inc.’s Best in Business 2023 list underlines Karma Wallet’s ascension in the fintech space, reflecting a trajectory that is as impactful as it is inspiring.

To become a member and learn more about Karma Wallet, visit www.karmawallet.io/app.

About Karma Wallet

Karma Wallet is a financial platform that leverages cutting-edge technology and impact data to give consumers tools to be sustainable. The company evaluates thousands of companies on their social and environmental impact — using the United Nations Sustainable Development Goals (SDGs) as a framework. Through Karma Wallet, consumers can get personalized data around their carbon footprint, insights into their shopping habits, cash back, and sustainable rewards.

Media Contact

Juliet Payne, Karma Wallet
904-540-6511
[email protected]

Blair Huddy, Hudson Davis Communications
[email protected]

SOURCE Karma Wallet

PORT CHARLOTTE, ISLAY, Scotland, Jan. 10, 2024 — Bevvy, the whisky app founded in 2021 and based on Islay, has today closed a $1.5 million seed funding round. The new investment comes, principally, from Scotland-based angel investors, existing shareholders and a Denver (US) based family office. Co-founder & Head of Whisky Laurie Black commented “Having already established the leading position in the digital whisky space; this new capital allows us to cement our market share and grow our consumer audience into new territories. We’re hugely excited to be heading Stateside in 2024!”

Founded in 2021 by leading whisky expert Laurie Black, mathematician Atanas Tonchev and medtech entrepreneur Lucas Heron; bevvy is a technology-led whisky discovery platform that operates via consumer-facing Android and Apple (iOS) phone mobile applications. Users can use the app and the camera on their mobile phone to scan the label of any whisky bottle and uncover tasting notes alongside indicative valuations for their collection. At its heart, is a leading, proprietary image capturing software, supported by the world’s largest database of whiskies, numbering over 200,000 catalogued from the past 120 years of releases. The database includes 150,000 images and tracks retail and auction pricing whilst also monitoring market sentiment in order to arrive at a dynamic, live valuation which it shares with its 120,000, regular active users. Once a bottle is scanned, the whisky is profiled with content populated by distillery and bottler overviews, dynamic pricing data and expert tasting notes. Whiskies are routinely rated by consumers within the app, which allows the tech to become familiar with each user’s taste preferences, which in turn allows Bevvy to recommend other bottles that a user might enjoy.

Finance Director Greg Gormley added “In one of the most challenging fundraising environments I can recall; Bevvy’s successful raise underlines its dominant and growing position as a critical tool among whisky consumers and collectors. The interest and demand in whisky is growing at a pace not seen before. However, the market is fragmented and disjointed, with an absence of easy-to-access tools and information. There is a considerable hole in the market for a value-add, information-led app that allows a bottle of whisky to be fully understood, in terms of taste, history and pricing. Bevvy is addressing this need and is finding its audience is both engaged and growing at a phenomenal pace.”

Over the past 12 months, Bevvy has begun to integrate whisky bar and pub data, whereby bar operators can scan the bottles they have available and publish a live menu. Whisky auctioneers too are finding Bevvy to be a critical resource in dealing with providing prospective consignors indicative valuations for their whisky portfolio, should they choose to offer their bottles for sale at auction. Meanwhile, distilleries are readily and keenly engaging with Bevvy, which has 11 whisky release ballots already penned in for 2024. (A whisky ballot is a mechanism whereby consumers that wish to purchase a bottle from a new, limited release of whisky, enter into a draw to have the right to buy a bottle). Bevvy has proven effective at engaging new audiences with independent bottlers and distilleries whilst also taking the administrative pain from ballot organisation with its mobile solution.

More recently, the company has begun to grow its presence in the US and its database work to expand its catalogue of Bourbon bottles is well underway. Part of its investment from US investors was predicated on a commitment to be live and active in the US market by the middle of 2024. Laurie Black added “This is an extraordinarily exciting time for us, we see thousands of bottle scans each and every week, we are gaining a fascinating insight into user taste preferences, price trends and industry strengths and weaknesses. Bevvy finds itself at the heart of a major shift in how consumers and collectors engage with this multi billion dollar market. 2024 is going to be a year of spectacular development and innovation.”

enquiries: [email protected] 

Founder Film: https://www.youtube.com/watch?v=dc1i8ELu-2A

SOURCE Bevvy

SCOTTSDALE, Ariz., Jan. 10, 2024 — Peerlogic, the leader in AI-powered conversational intelligence, today announces a significant leap in its growth journey with a successful $5.65 million Series Seed equity fundraising round. Led by AZ-VC, with participation from In Revenue Capital, Cervin Ventures, Singularity Capital, and Revere Partners, the funds will assist Peerlogic in its next phase of expansion and in driving forward its mission to revolutionize the dental industry with cutting-edge AI technology.

“Peerlogic’s intuitive platform helps dental offices focus on their primary objective of exemplary patient care by unlocking revenue potential, facilitating better communication with customers, and increasing the overall efficiency of their business,” said Ashok Santhanam, Venture Partner at AZ-VC. “We believe the combination of Peerlogic’s leading product and exceptional team has positioned themselves as pioneers in dental technology and primed themselves for category leadership in the industry. AZ-VC is thrilled to partner with Peerlogic, whose business model fits perfectly with the AZ-VC thesis that AI-based vertical SaaS applications are not only the future but are tailor-made for Arizona’s strengths.”

Peerlogic launched in 2020 with a mission to help dental offices leverage custom call data to improve business performance. Powered by AI, the company’s technology platform processes data points captured from human speech to help business owners quickly identify and win-back missed opportunities, improve processes, and streamline communications, ultimately generating more revenue.

The infusion of new capital will be pivotal in scaling Peerlogic’s impact through expansion of innovative product solutions, enhancement of the company’s Large Language Model (LLM), and development of advanced call analytics and engagement tools.

“This substantial investment from esteemed investors underscores our robust growth strategy and our unwavering commitment to delivering state-of-the-art AI technology,” said Ryan Miller, CEO and Founder of Peerlogic. “With this funding, we are poised to accelerate our growth, introduce innovative products, and reinforce our leadership in the dental industry.”

Peerlogic is already on an upward trajectory, experiencing over 1,200% percent growth from 2022 to 2023, and currently servicing more than 1,000 dental offices in the United States.

For more information about Peerlogic or to request a demo, visit www.peerlogic.com.

About Peerlogic

Since its inception, Peerlogic has been at the forefront of integrating AI into dental practice management. The company’s growth is characterized by its pioneering approach to conversational intelligence, a testament to its commitment to excellence and innovation. As Peerlogic continues to expand, it remains focused on delivering transformative solutions that elevate the standards of dental care and practice management. Connect with us on LinkedIn, Facebook and Instagram.

SOURCE Peerlogic

ATLANTA, Jan. 10, 2024 — This January beauty-tech company, MYAVANA, founded by black female tech entrepreneur, Candace Mitchell Harris, announces a new retail partnership with retailer Ulta Beauty, along with two strategic investments from Prisma Ventures and the BrainTrust Fund.

Prisma Ventures, Ulta Beauty’s Digital Innovation Fund, made a strategic investment in MYAVANA to support the company’s hair care retail innovation within the beauty industry. Shaping the future of retail by empowering tomorrow’s visionaries and providing early-stage startups and emerging tech entrepreneurs access to capital and resources, Prisma Ventures helps to unlock beautiful possibilities for disruptive, omnichannel experiences. As part of this partnership MYAVANA will provide their advanced HairAI™ hair analysis technology, while both Ulta Beauty and MYAVANA will explore the co-development of AI powered hair technologies for future retail innovation.

“Through Prisma Ventures, Ulta Beauty’s digital innovation fund, we’re always looking to support and invest in technologies that will pave the path forward for the world of beauty – especially those with like-minded values aiming to innovate the space through an inclusive lens,” said Agustina Sartori, Senior Director of Digital Innovation at Ulta Beauty & Managing Director of Prisma Ventures, “Candace’s visionary approach to digitizing beauty experiences for all hair types, including textured hair, is incredibly unique, and we’re thrilled to collaborate with MYAVANA on their mission to open new doors for more guests through hair analysis technology.”

Additionally, BrainTrust Fund, which invests in breakthrough brands led by at least one Black founder that serves the majority, also made a strategic investment in MYAVANA alongside Prisma Ventures. The funds will go towards their enterprise retail expansion, including salon channels and global product distribution leveraging the company’s consumer intelligence across the hair industry. “Myavana is emerging as a leader in beauty AI because its hair strand analysis super-serves every customer in this valuable marketplace, from the shopper seeking a personalized diagnosis, to retailers and stylists wanting to sell the right products to shoppers the first time,” say BrainTrust Fund General Partners Kendra Bracken-Ferguson and Lisa Stone. “We’re looking forward to working with Candace and her team as the brand continues to accelerate.”

Rolling out through the first fiscal quarter of 2024, Ulta Beauty will integrate MYAVANA’s HairAI technology within their e-commerce try-on experiences to power personalized product recommendations based on instant hair type analysis of their guests.

“In the beginning at MYAVANA, we set out on a mission to transform the hair industry through science and technology and I am ecstatic to partner with Ulta Beauty to begin this digital transformation in retail. Through our personalized hair care technology that will innovate and elevate our shopping experiences, we’re excited to bring to market better identification and understanding of our unique hair strands and unique hair journeys while partnering with the nation’s largest beauty retailer that prioritizes innovation and inclusion” says Candace Harris, CEO & Founder of MYAVANA.

Candace Harris founded MYAVANA in 2012, leveraging 17 years of experience in computer science to develop AI haircare technology that analyzes the variables of hair strands and hair products to produce personalized hair care plans that support healthy hair and hair growth. She is a pioneer within a space that is overwhelmingly homogenous and non-inclusive, carving out solutions for BIPOC women, a group often ignored.

About MYAVANA
MYAVANA is a Black female-owned, and operated beauty tech company backed by over a decade of research, development and data. MYAVANA is disrupting the multi-billion dollar, textured hair care market as a pioneer of HairAI™ (Artificial Intelligence Hair Strand Analysis) technology and HairSI™ (Scientific Hair Strand Analysis). MYAVANA Labs has analyzed over two billion hair strands, making it the world’s largest database of textured hair care data. MYAVANA couples its personalized, scientific hair analysis with the company’s prescriptive, data-driven hair product recommendation suite of over 3000 commercially available hair products on the market. All product recommendations have been performance tested and validated by MYAVANA for effectiveness on textured hair types and conditions.  The MYAVANA suite of products forms a transformational hair care solution for consumers and an elevated data driven service as well as retail opportunity for industry professionals.

By partnering with MYAVANA’s Consumer Intelligence Data Insights, Hair Product Manufacturers can gain insights into textured hair conditions to inform product development needs. As a B2C and B2B solution, MYAVANA’s Personalized Consumer Intelligence Data is poised to radically change how hair product purchasing decisions are made by consumers – through data personalization, and illuminate the massive data validated opportunity for more targeted textured hair relevant products and solutions by the hair care industry. With MYAVANA’s Recommendation Intelligence, Retailers can license the hair analysis technology to offer personalized hair product recommendations to shoppers online and in-store.

MYAVANA will become a force multiplier for 5th generation technology jobs creation in the beauty space – where some AI tech is predicted to replace traditional jobs like in customer service, tech support, accounting, manufacturing, etc.

About the founder
Candace Harris founded MYAVANA in beta in 2012 researching and developing proprietary AI hair care technology that analyzes the variables of hair strands and hair products to produce personalized hair care plans that support healthy hair and hair growth. As a graduate of Georgia Tech, she brings over 17 years of experience in computer science to MYAVANA. Candace is the 2023 BeautyMatters Innovator of the Year, Forbes 30 Under 30 honoree, WWD Top 50 Beauty Innovator, BET Honors STEM Award winner, Sephora Accelerate fellow, and recent Georgia Tech Computing Hall of Fame inductee. Candace’s work has been featured nationally on CNN, Marie Claire, ESSENCE, Inc. Magazine, Black Enterprise, Business Insider, and more.

For more information, visit MYAVANA.com  or follow @MYAVANAHairCare 

Media contact: For media inquiries email [email protected]

SOURCE MYAVANA

Elevate Capital reports significantly higher return percentages than traditional VCs; plans to launch Elevate Capital Fund III in early 2024 

PORTLAND, Ore., Jan. 10, 2024 — Elevate Capital, the nation’s first institutional venture capital fund that specifically targets investments in companies led by underrepresented entrepreneurs including women, BIPOC, LGBTQ+, and those with limited regional access to capital and opportunities, today announced the release of the firm’s first 2023 Elevate Capital Impact Report. The report finds that Elevate Capital has achieved significantly stronger returns than traditional venture capital firms since it was founded in 2016. The firm plans to launch Elevate Capital Fund III in early 2024.

“The steady, significant growth and success we’ve seen over the years have already created $260 Million in multigenerational wealth for these entrepreneurs and their communities – a goal at the heart of Elevate Capital,” said Nitin Rai, Elevate Capital Founder and Managing Partner. “Our fundamental investment strategy is based on our belief that these underrepresented entrepreneurs are an untapped pool of visionaries with disruptive ideas and products that we are proud to support through our investments.”

• Women founders comprise 67% of Elevate Capital’s investments.
• 93% are founders who identify as BIPOC, LGBTQ+, or veterans.
• Currently, AUM (assets under management) is $60 Million.
• Elevate’s first $10 Million 2016 vintage fund with 30 investments has had seven exits (67% women and 62% BIPOC founders) and has returned 18% average cash distributions annually to its limited partners with a 22% net IRR (internal rate of return).
• The seven company exits contributed nearly $260 Million in generational wealth to the founders and employees of the companies; $60 Million of which was returned in cash to them. 

“The Elevate Capital fund has additional active companies in its portfolio that we believe will duplicate the existing impact,” said Rai. “Elevate is proving that these entrepreneurs, when provided with mentoring, connections, and capital, will outperform with returns leading to a wider and deeper impact in wealth creation.”

“One of the reasons I decided to work with Nitin Rai is because he’s an entrepreneur himself. With Elevate Capital, his story has always been based around being able to give back. However, he wants to give back to businesses that are able to be sustainable and grow,” said Allie Magyar, Founder/Former CEO of Hubb and Elevate Capital Limited Partner. “I returned Elevate’s investment in my company in a very short amount of time and immediately became an investor in the Elevate Fund. This is what Elevate is about: creating generational wealth and creating a circle of community that raises everyone up at the same time.”

“Based on our strong track record of success, we plan to launch Elevate Capital Fund III in early 2024. We will continue to invest in underrepresented founders across the U.S. as we deepen our investments in the Pacific Northwest and expand our investments in new regions, particularly New York, the District of Columbia, Florida, Louisiana, and Georgia. We’ve spent significant time in these states and established a quality pipeline of diverse founders who are investment-ready,” said Rai.

“We consider Elevate Capital a distributor of compassionate capital: funds dispersed with the intention of empowering underrepresented founders to help increase economic mobility and generational wealth creation in their communities. Whether raising venture capital or offering time and energy, the effort is worth it. We are proud to make a difference in the lives of these founders, both right now and for decades to come,” said Rai.

About Elevate Capital
Founded in 2016, Elevate Capital is the nation’s first institutional venture capital fund specifically targeting investments in underrepresented entrepreneurs, which includes women, BIPOC, and LGBTQ+ communities or those with limited regional access to capital and opportunities. Visit elevate.vc or follow Elevate Capital on X, Facebook, and LinkedIn.

SOURCE Elevate Capital

LOUISVILLE, Ky., Jan. 10, 2024 — RAAPID, a key player in healthcare Risk Adjustment technology and professional services company, announces the filing of a transformative patent for a workflow designed to improve the accuracy and efficiency of risk adjustment processes in healthcare, which payers and providers can use. This innovation marks a significant leap in clinical predictive and monitoring systems for risk adjustment, especially in the Medicare Advantage (MA) sector.

RAAPID has filed a patent for a dual-solution workflow within the common platform, ingeniously segmented to boost the efficiency of the risk adjustment process. The first component, a retrospective workflow, caters to payers and Medicare Advantage health plan members. This innovative approach focuses on precisely identifying and submitting chronic conditions (HCC codes), optimizing accuracy and compliance in Risk Adjustment Data – for Medicare Advantage members.

In parallel, the prospective review workflow targets providers, payers, and health plans. It proactively summarizes a patient’s existing chronic conditions being treated, potentially missed historic chronic conditions (care gaps), and suspecting emerging conditions – before the patient meets the physician. This proactive strategy significantly enhances patient outcomes and healthcare delivery efficiency.

Additionally, the patent includes a pre-visit review workflow. This end-to-end workflow prepares a comprehensive summary for the pre-care team and the provider, applicable to both scheduled patients and entire patient lists, depending on the provider’s or payer’s needs. This adaptability and scalability make the system highly versatile across various healthcare environments.

RAAPID’s latest patent underscores its dedication to innovation and excellence in healthcare technology and solutions. By improving the accuracy and efficiency of risk adjustment processes, RAAPID is set to impact the healthcare industry substantially, benefiting payers, health plans, providers, and patients alike.

For further information about RAAPID and its cutting-edge solutions, visit www.raapid.ai

About RAAPID –

RAAPID is a healthcare technology and professional services company serving payers, healthcare providers, and other support organizations. Their platform uses artificial intelligence (AI), machine learning (ML), medically trained natural language processing (NLP), and knowledge graphs to power workflow applications that help healthcare organizations shift to value-based care. RAAPID’s cloud-based Risk Adjustment solutions – SaaS and API – take structured and unstructured patient data to extract accurate chronic conditions and determine the corresponding codes, calculate risk scores, identify gaps in care, and analyze population health trends. RAAPID enables payers, providers, and other organizations participating in Medicare Advantage, ACA commercial, and Medicare ACO programs to drive revenue and reduce administrative costs with customized solutions.

A workflow designed to improve the accuracy and efficiency of risk adjustment processes in healthcare, which can be used by payers and providers

Media Contact:
Mayur Vyas
(502) 498-4018
[email protected]

SOURCE RAAPID INC

NEW YORK, Jan. 10, 2024 — Sunrise AI, a trailblazing AI-powered fintech company co-founded by Deepak Shrivastava and Xi Palazzolo, is thrilled to announce the successful closure of its pre-seed funding round led by Andrew Ng’s AI Fund. This investment will propel Sunrise AI’s mission to revolutionize credit assessment and enhance access to capital for individuals and businesses.

Sunrise AI’s proprietary AI suite disrupts the conventional credit scoring landscape. It boasts a 96% accuracy rate in forecasting a borrower’s ability to repay a debt obligation. Unlike traditional credit scoring services, Sunrise AI leverages machine learning technology to analyze a diverse range of user permissioned data sources, including robust open banking and macroeconomic data, unlocking a more inclusive and fair evaluation of creditworthiness.

SunScore™, the company’s first product, equips property owners with an advanced risk management solution, aimed at deterring rental fraud, uncovering accurate credit insights, and enhancing lease income analytics.

Founded in 2017 by Dr. Andrew Ng, AI Fund boasts a capital pool of $176 million, backed by leading venture capital firms, including Greylock Partners, Sequoia Capital, New Enterprise Associates (NEA), and Softbank Group. Deepak Shrivastava, Co-founder and CEO of Sunrise AI, expressed his excitement about launching the company in AI Fund’s studio: “This investment will enable us to accelerate the development of our AI-driven solutions and reach more underserved and excluded communities in need of fair and accessible financial services.”

In a collective effort to create more financial inclusion and equity, Sunrise AI’s founders established an Advisory Board to guide the transparency and responsibility of building ethical AI solutions. Founding members are Fenaba Addo, PhD (Associate Professor of Public Policy at University of North Carolina-Chapel Hill), Bryce Goodman, PhD (Chief Strategist for AI/ML at the United States Department of Defense), John K. Johnson (Chief Innovation Officer at Schulte Roth & Zabel & former Global Head of Compliance at Spotify), and Chris Wiggins, PhD (Chief Data Scientist at The New York Times & Associate Professor at Columbia University).

“Technology can shine new light into opaque financial systems. Deepak, Xi, and team have a compelling vision of using AI to create a fair and inclusive financial system for all, and AI Fund is thrilled to support Sunrise AI to realize this vision,” said Andrew Ng, Managing General Partner of AI Fund, and globally recognized AI leader.

With this infusion of capital, the company plans to further refine its AI models, enrich its product offerings, and expand its operations to serve a broader audience beyond real estate.

About Sunrise AI:

Sunrise AI is a pioneering fintech company with a mission to redefine credit assessment. Harnessing advanced artificial intelligence and machine learning, Sunrise AI’s products provide accurate, fair, and inclusive credit assessments by analyzing extensive open banking and holistic data. Sunrise AI aims to reinvent a better, fair, and unbiased approach towards financial and credit assessment for all individuals and businesses. Learn more at sunrise.ai

About AI Fund

AI Fund is a venture studio that strives to move humanity forward by accelerating the adoption of AI. We work with entrepreneurs to build companies rapidly and increase the odds of success. We are a team of AI pioneers, operators, entrepreneurs, and investors, supported by top-tier partners including NEA, Sequoia, and Softbank. Learn more at aifund.ai

SOURCE Sunrise AI