VICTORIA, Seychelles, May 31, 2024 — Leading digital asset exchange Bitrue is set to launch its first Launchpool on May 31, 2024, in a significant move following the successful launch of Bitrue Ventures earlier this week. By participating in Bitrue Launchpool, up-and-coming projects can gain instant access to Bitrue’s large international user base of over 9 million users, boost their market presence, and enhance the potential value of their token. At the same time, users can earn new token rewards by simply staking their existing BTR, USDT, or other tokens.

Stringent Selection Process to Ensure Project Quality

Bitrue will conduct a rigorous vetting process for projects that intend to participate in Bitrue’s Launchpool to ensure that only high-quality and high-potential projects are selected,” said Robert Quartly-Janeiro, Bitrue’s Chief Strategy Officer & Spokesperson. “In the volatile world of digital asset markets, Bitrue’s Launchpool aims to be a low-risk offering that offers users both stability and potential returns.”

Robert mentioned that the Launchpool has been designed with UX in mind, prioritizing security with the return of staked assets and rewards at the end of the staking period. Users will be able to manage their participation with the flexibility to un-stake at any time, with hourly reward calculations and distributions minimizing risks of impermanent loss. Bitrue Launchpool is a cost-effective staking option with no ‘gas’ or processing fees. Additionally, users can start earning rewards by staking existing asset holdings.

Bitrue Ventures Empowers Early-Stage Projects

Earlier this week, Bitrue announced the launch of Bitrue Ventures, with a focus on AI and real-world asset (RWA) projects. Bitrue Ventures plans to invest capital starting from $50,000 to $200,000 per project. Through the newly launched investment arm, Bitrue will be able to support promising projects early on and empower them through the Launchpool, which Bitrue’s user base can provide an immediately established and engaged community for these projects. This plays an integral role in Bitrue’s project support program.

N.B. Bitrue has yet to reveal the specific cryptocurrencies available for staking. Users can stay tuned to Bitrue’s official X account for further details, including the first list of featured projects. Additionally, projects interested in participating in Launchpool can contact Bitrue at [email protected].

SOURCE Bitrue

BOSTON, 30 mai 2024 — Chloris Geospatial, l’entreprise technologique leader dans la mesure du carbone forestier depuis l’espace, accueille la Fondation Cisco et NextSTEP en tant qu’investisseurs. Les deux nouveaux venus rejoignent les investisseurs existants AXA IM Alts, Orbia Ventures, At One Ventures et Counteract dans le cadre d’un nouveau cycle de financement qui soutiendra l’avancement continu de la mission de Chloris.

La conservation et la restauration des forêts sont des solutions vitales à la crise du changement climatique et de la biodiversité, et un outil nécessaire pour orienter l’économie mondiale vers des émissions nettes nulles d’ici 2050. Les technologies de surveillance de Chloris permettent d’étendre ces solutions en évaluant leur impact sur le terrain en toute confiance.

Développée sous la direction de son cofondateur et directeur scientifique, Alessandro Baccini, la technologie de Chloris produit des estimations annuelles fiables de la densité de la biomasse et quantifie le stock de carbone forestier et son évolution pour toute zone d’intérêt en utilisant des données d’observation de la terre, la fusion de capteurs exclusifs et des algorithmes d’apprentissage automatique. La technologie de Chloris permet aux gouvernements, aux entreprises, aux organisations de la société civile, aux peuples autochtones et aux communautés locales de suivre toutes les dynamiques de la biomasse, y compris celles résultant de la déforestation, de la dégradation et de la croissance des arbres, de l’échelle du terrain à l’échelle continentale, et de comprendre l’impact de leurs projets de carbone forestier et de leurs chaînes d’approvisionnement.

Le nouveau cycle de financement permettra à Chloris de répondre aux besoins évolutifs du marché, tout en facilitant une croissance commerciale continue et en consolidant la position de Chloris en tant que nom le plus fiable en matière de télédétection pour la comptabilisation du carbone forestier.

« Nous sommes ravis d’avoir obtenu le soutien continu de nos investisseurs existants et nous souhaitons la bienvenue à la Fondation Cisco et à NextSTEP, a déclaré Marco Albani, cofondateur et PDG de Chloris. Cet investissement réaffirme la confiance de nos investisseurs et leur engagement dans notre mission de fournir des données de haute intégrité sur l’impact de la nature et de l’action climatique. »

Chloris a également annoncé aujourd’hui qu’Adam Gibbon, responsable du capital naturel chez AXA IM Alts, a rejoint son conseil d’administration.

« Nous pensons que la technologie de Chloris est un bond en avant, qui permet de mesurer la biomasse forestière à une échelle, une vitesse et une précision inégalées, et nous nous attendons à ce qu’elle devienne la norme de facto pour les projets de carbone forestier et l’empreinte de la chaîne d’approvisionnement. Cet investissement contribue à la mission d’AXA IM Alts d’investir dans des activités et des solutions qui assurent la protection, la restauration et la gestion durable du capital naturel », a commenté Adam Gibbon, responsable du capital naturel chez AXA IM Alts.

« Grâce aux investissements climatiques de la Fondation Cisco, nous nous efforçons de soutenir les entreprises climatiques en phase de démarrage qui peuvent avoir un impact substantiel sur le climat, a expliqué Elias Habbar-Baylac, investisseur climatique auprès de la Fondation Cisco. Notre soutien à Chloris Geospatial s’explique par sa capacité exceptionnelle à surveiller la dynamique du carbone forestier avec précision et à grande échelle. La technologie avancée de fusion de capteurs et les modèles d’apprentissage automatique de Chloris fournissent des données essentielles pour une gestion robuste et évolutive des puits de carbone naturels, s’alignant sur la stratégie de la Fondation Cisco visant à protéger et à augmenter les puits de carbone naturels. » La Fondation Cisco a été créée en 1997 grâce à un don de Cisco. En 2021, la Fondation Cisco s’est engagée à verser 100 millions de dollars au cours des 10 prochaines années pour financer des solutions climatiques innovantes.

« Notre investissement stratégique dans Chloris, une décision prise en accord avec notre mission et nos valeurs, reflète le rôle critique des technologies de surveillance fiables dans la lutte efficace contre le changement climatique », a souligné Claudio Colombo, directeur général de NextSTEP. NextSTEP (NextEnergy Sustainable Technology for the Planet) est une initiative d’investissement promue par NextEnergy Group et dédiée aux investissements de pré-amorçage et d’amorçage dans les startups CleanTech.

« Les solutions basées sur la nature sont des éléments essentiels dans les efforts de l’humanité pour réduire le carbone dans l’atmosphère. Orbia Ventures a passé de nombreux mois à évaluer le marché de la télédétection avant de décider d’investir dans Chloris. Avec la meilleure équipe du secteur, Chloris est la seule entreprise au monde capable de mesurer de manière rentable et à grande échelle les stocks de carbone et les changements dans toutes les forêts du monde depuis l’an 2000 », a ajouté Shai Albaranes, vice-président de l’innovation et du capital-risque chez Orbia.

À propos de Chloris Geospatial

Chloris Geospatial est un fournisseur de premier plan d’informations fiables sur le carbone forestier, qui s’appuie sur l’intelligence artificielle et l’apprentissage automatique pour créer des solutions innovantes qui génèrent de la valeur pour les entreprises. La technologie aide les entreprises à prendre des décisions éclairées et à améliorer leurs opérations grâce à des informations évolutives et rentables qui maximisent les fonds pour agir sur le terrain.

Pour en savoir plus, rendez-vous sur www.chloris.earth.

Logo – https://mma.prnewswire.com/media/2424680/Chloris_Geospatial_Logo.jpg

SAN FRANCISCO, May 30, 2024 — Today, Dialogue announces the launch of its innovative app designed for the creation and monetization of AI-powered digital clones and imaginary characters. The app enables influencers, content creators, actors, celebrities, and educators to build their AI clones with just a few clicks and start monetizing them immediately.

As of today, the monetization functionality is available to all content creators registered within the app upon request. The Dialogue team will respond to everyone who wants to start a monetization account and will help set up the account and create a digital clone or an AI character.

Powered by cutting-edge open-source language models and proprietary GenAI algorithms, Dialogue offers a seamless user experience with advanced lip-sync and high-performance video generation capabilities. It is the first app to offer a truly customized dialogue experience with digital clones of influencers and celebrities in real-time via video messages, setting a new industry standard.

Dialogue offers a Freemium monetization model that provides subscribers of the Pro version the opportunity to interact with the digital clones of their favorite people and characters anytime via personalized video messages. This feature caters to the growing demand for direct and personal communication in digital fan engagement.

Angela Henderson, a model, dancer, and content creator from LA, shares her experience with Dialogue App: “It’s a really fun and innovative idea. It creates a connection and a new experience for my fans to explore. The idea of having a twin in a digital form is an awesome idea and so futuristic. I’m excited to be a part of this and I’m sure my fans will too. I believe this is the future of blogging.”

Since the soft launch of a test version of the app 7 months ago, Dialogue has attracted 1.04 million early adopters with 150,000 monthly active users (MAU) and more than 10,000 paid users (PMAU). Now, Dialogue has 10 times higher average revenue per users (ARPU) than Character.ai. Most of the current Dialogue users are males aged 35-40, who are single or feel lonely even in relationships. The app’s growing popularity underscores a trend predicted by CB Insight for 2024 – an explosion in AI friendships and companionship apps.

“We live in the time of the epidemic of loneliness, which began even before the COVID-19 pandemic,” says Jura Fitzgerald, Dialogues’ Founder and CEO. “In 1960, single-person households accounted for only 13% of all U.S. households. By 2022, that number had more than doubled, to 29%, according to the USDHHS. People are spending more free time alone than ever. We have built an AI-powered tool to help fill this gap, giving people a way to communicate with clones of their favorite actors and influencers, which would be nearly impossible in the physical world. Dialogue can also serve as a social skills training tool, emotional support buddy, or as an educational app allowing conversations with historical figures or book characters.”

Dialogue advocates for the responsible and safe use of AI, adopting a human-centric approach and promoting ethical practices in the use of generative algorithms. AI-powered scripts manage content moderation, with human moderators intervening when necessary. To prevent user confusion and the spread of deep fakes, any video reposted elsewhere is clearly marked as AI-generated.

“Our team upholds strict digital personality protection standards and will suspend any user who exploits someone else’s personality, deleting their infringing content,” adds Fitzgerald.

Contact:

Svitlana Rahimova
PR and Communications at Dialogue
[email protected]
408-603-1710

SOURCE Dialogue

BANGKOK, May 30, 2024 — Disrupt Technology Venture (“Disrupt”) announced the introduction of Disrupt Health Impact Fund with the first group of co-investment partners from leading Thai business companies – Digital Health Ventures (“DHV”), the innovation and venture arm of Samitivej Hospital Group, Thana Asset Company Limited (“THANA”), Saha Pathana Inter-Holding Public Company Limited (“SPI”) and Sripatum University (“SPU”). Disrupt Health Impact Fund is dedicated in providing Thailand’s healthcare sector with access to world-class deep technology (DeepTech) and improving healthcare services for the Thai people. Managed by an experienced team that oversees over 6 funds which have invested in 134 companies across 16 countries, the fund plans to invest in DeepTech companies in the healthcare field, both domestically and internationally. This initiative aims to enhance the healthcare ecosystem, giving Thai people access to world-class health technologies.

Mr. Krating Poonpol, Chairman of Disrupt Health Impact Fund revealed “The healthcare market, valued at over US$9 trillion or more than 330 trillion Thai baht, represents a trillion-dollar industry and a mega trend that will gain even greater importance in the future.”

Ms. Jantanarak Tuekaew, Partner of Disrupt Health Impact Fund added that, “Thailand has been ranked among the top ten in terms of health security and medical tourism. This presents an opportune moment for both Thai and foreign entrepreneurs. Disrupt Health Impact Fund is committed to investing in five key areas: Self Care, Preventive Care, Silver Age, Holistic Wellness, and Smart Hospital. The fund also aims to be the gateway to Southeast Asia for DeepTech companies in the healthcare sector by leveraging healthcare expertise from both public and private sectors.”

Mr. Pithon Vithayasricharoen, Managing Director of Digital Health Ventures (“DHV”), the innovation and venture arm of Samitivej Hospital Group, said “Our experience in healthcare services has highlighted opportunities in early care and risk care. We believe that technology is the key to keeping people healthy and reducing dependence on medical professionals. Disrupt Health Impact Fund’s mission aligns with DHV to benefit society by merging our partners’ expertise to positively impact the country.”

Disrupt Health Impact Fund is managed by an experienced team led by Mr. Krating Poonpol, Ms. Jantanarak Tuekaew and Ms. Naranpat Thitipattakul. Collectively, they have overseen 6 Accelerator and VC funds, including 500 TukTuks, ORZON Ventures, Stormbreaker Ventures, and KXVC.

For more information about Disrupt Health Impact Fund: https://www.disruptignite.com/impactfund

Photos:
https://drive.google.com/drive/folders/1aygw0WU2sR5vpdmrXTMj96hiW8ZCBFYX

Seed Round Led by Equal Ventures and Hustle Fund

NEW YORK, May 30, 2024 — (Re)vive, the pioneering solution addressing the challenges of unstockable and returned inventory for future-minded brands, today announced it has raised $3.5 million in Seed funding, led by new investor Equal Ventures and existing investor Hustle Fund. Banter Capital, Coalition Operators, Mute VC, and Veronica Chou also joined the round alongside existing investors Charge VC, Everywhere VC, and Hyphen Capital.

The fashion and retail industries face a significant dilemma: a substantial portion of inventory becomes unstockable during the distribution journey, leading to considerable financial losses and negative environmental impact. Research indicates nearly 11 percent of asset value disappears when brand inventory gets minorly damaged during the return process. These items often end up accumulating in ‘mystery’ boxes without any actionable data captured on why these items are taken out of circulation.

“Brands are grappling with mounting operational costs associated with processing, storing, and disposing returns, which can amount to as much as $15+ per item,” said Allison Lee, founder and CEO of (Re)vive. “However, with a growing demand for sustainable fashion from consumers, we see a huge opportunity for future-minded brands to leverage their once-disposed, damaged product into a coveted item. We are excited to welcome Equal as our new lead investor, as they also recognized an industry-wide need for an inventory optimization tool from their years of market research.”

(Re)vive, formerly known as Hemster, addresses these challenges head-on with a proprietary technology that powers both data and physical operations needed in recovering this neglected category. Through a data-enabled platform, (Re)vive digitizes, inspects and services brands’ mystery boxes, transforming them into merchandisable inventory. (Re)vive offers brands a ‘source of truth’ dashboard to realize the highest asset value, as Revived inventory is listed and sold across brand-approved sales channels.

“There’s almost $1 trillion of inventory out there that brands and retailers don’t know how to deal with and Allison and team have found an incredibly interesting wedge into this market,” said Chelsea Zhang, investor at Equal Ventures. “(Re)vive is filling a void and injecting value back into the ecosystem in a way that no one else in the value chain can. We are incredibly excited to support her as she goes after this opportunity.”

(Re)vive handles everything from digitization and inspection to assigning garment services that maximize asset value while minimizing costs for brands. Their platform streamlines the process, alleviating operational burdens for brands and ensuring the highest profitability and scalability. Additionally, (Re)vive partners with brands to merchandise refurbished items across a customized mix of sales platforms that bring the highest price to the Revived inventory.

Eric Bahn, co-founder and general partner at Hustle Fund, commented, “‘Revive’ is such an appropriate name for this company, on multiple fronts. First, it describes the core business well, where this platform helps large retail apparel brands to upcycle garments and deadstock into new products, thereby substantially reducing apparel waste. But it also accurately describes Allison Lee herself. Allison is one of the most resilient humans I’ve ever met, and she’s gone through hell and back to create this outstanding company. What a thrill to be on this journey with Allison and her team.”

Heston Berkman, partner at Banter Capital, added, “Casting our support behind (Re)vive isn’t just about backing a business, it’s about backing a game-changer in sustainability and retail. With Allison Lee at the helm, (Re)vive is not just breathing new life into inventory, it’s turning a cost center into a revenue generator. It’s not just innovation, it’s a retail revolution, and we’re thrilled to be along for the ride.”

In the last 12 months, (Re)vive’s revenues and processed units have both grown by more than 10x. The new funds will be used to further fuel growth and strengthen the (Re)vive platform to maximize and realize asset value of deadstock inventory for the retail industry.

About (Re)vive:
(Re)vive is a leading solution provider addressing the challenges of unstockable and returned inventory for brands. With a proprietary data platform, (Re)vive empowers brands to recover the highest asset value from unstockable inventory while streamlining the supply chain. Headquartered in New York City, (Re)vive is committed to driving sustainability and profitability for brands in the fashion and retail industries. In 2024, (Re)vive became B-Corp certified. Learn more at www.byrevive.com/.

SOURCE (Re)vive

Funding to Support Squared Circles’ Science-backed Innovation of Everyday Products in Health & Wellness

LOS ANGELES, May 30, 2024 — Squared Circles, a consumer-focused venture studio incubating brands grounded in science, announced today the closing of a $40 million Series A funding round led by L Catterton. The investment follows L Catterton’s prior participation in the company’s Seed round, which had been led by investor Wildcat Capital Management, LLC, and Regeneration VC. With this new funding, Squared Circles plans to launch and scale at least five more health and wellness brands over the next three years.

Founded by Alexander Gilkes, Osman Khan and Lukas Derksen, Squared Circles is a venture incubator with a focus on creating science-backed consumer products in the food, beverage, and health and wellness spaces.  The founding team collectively has over 60 years of experience in building brands and has launched eight companies, and to date, Squared Circles has built and launched three companies: Magic Molecule, a skin health solution that recreates a compound naturally produced by the white blood cells — hypochlorous acid; Algae Cooking Club, a healthy oil and fats product derived from microalgae, disrupting the $50B edible oils and fat end market and co-founded by Eleven Madison’s Daniel Humm; and Freaks of Nature, a high performance skin microbiome brand designed for the 164M outdoor enthusiasts in the U.S. alone, with Kelly Slater as Co-Founder.

Differentiating itself from other venture studios, Squared Circles licenses novel bioscience IP to deliver targeted product experiences and competitive moats and leverages a stage-gated playbook supported by generative AI to speed up innovation and improve efficiency.

“We’re thrilled to support Squared Circles as they create some of the most forward-thinking and innovative products that leverage science and AI to meet the needs of the consumers of tomorrow,” said Jon Owsley, Managing Partner of L Catterton’s Growth Fund. “Their targeted approach to consumables, expert grasp of consumer mindset and behavior, and seamless fusion of science with culture fill an important gap in the market. Squared Circles is set to lead the next wave of profitable, impactful innovation that benefits both people and the planet.”

“We want to work with scientists to shape a future where consumer products benefit both individuals and the planet,” said Osman Khan, Co-founder and CEO of Squared Circles. “We are excited to collaborate with leading consumer-focused investors such as L Catterton who not only share our long-term vision for creating transformational brands, and our dedication to ingenuity and sustainability, but also bring the extensive consumer expertise and deep operational knowledge that will help support our future endeavors.”

The funding follows Squared Circles’ release of the 2024 Conscious Maximalist™ Report, which identifies a new conscious consumer mindset shift shared by 46 million Americans and provides a blueprint for brands to succeed in 2024 and beyond.

To learn more about Squared Circles, their recent brand launches, and future incubations, visit squaredcircles.com.

About Squared Circles

Squared Circles is a consumer-first venture studio, co-founded by Osman Khan, Alexander Gilkes and Lukas Derksen. They build and launch companies focused on a tension unearthed around the audience that they term The Conscious Maximalist™ (their 2024 Conscious Maximalist™ Report, based on insights from over 3,000 consumers, identifies America’s new wave of conscious consumerism). They leverage the latest innovations in bioscience to create health and wellness products that are better for you and the planet. To date they have launched three companies, which include Magic Molecule, Algae Cooking Club, and Freaks of Nature. They are backed by investors who include L Catterton, Regeneration.VC and David Bonderman.

Media Contact:
Meredith Sidman
2122262922
[email protected]

SOURCE Squared Circles

Read how RealReviews.io secured major funding to improve and expand its AI review platforms. This step will change all web markets and review management.

NEW YORK, May 29, 2024 — RealReviews.io secures new funding to scale its AI-powered review platform and enter new markets

RealReviews.io is pleased to announce the successful completion of its investment round to all users and potential partners. The undisclosed sum from a group of angel investors is rumored to value the company at around $100m. This capital will be deployed to enhance the company’s vetting of customer reviews to ensure they are, as the company states, “real” (i.e. not bot-generated by the companies themselves to fabricate good online reputation).

Key selling point of RealReviews.io is its fake-detection engine. The company states that it values “quality over quantity”, preferring to allow only vetted reviews to be posted on its customer review platform. Given the massive proliferation of AI generated content, RealReviews.io platform literally took off in the English speaking world, and the company is now working hard to scale the model to other local markets. The Netherlands, Hungary and Ukraine have been chosen to test the strategy, and more languages are promised later this year.

“Customer reviews are an invaluable asset for us and a form of trust capital. In the age of fake AI content we believe it’s best for the businesses and for society to have 50 real reviews rather than 5,000 questionable ones. By integrating advanced AI solutions, we can enhance our understanding of reviews and their impact on businesses and assist companies in improving their products and services, all while ensuring users encounter authentic messages on our customer review platform,” stated the CEO of RealReviews.io.

Entering New Markets

Ukraine

Ukraine has emerged as a new area of interest, largely due to its expanding e-commerce market and increasing customer engagement. More and more citizens opt for online shopping and service ordering over traditional methods. This trend has underscored the necessity of understanding the market and identifying trustworthy entities.

Given that the Ukrainian business segment lacks a unified platform for reviews and user feedback analysis, RealReviews.io has seized the opportunity to fill this gap and offer a comprehensive solution for enhancing interaction across all parties of the e-commerce market. Now, with AI solutions, businesses, and average web users seeking to enhance their shopping experiences can benefit. Today, each Ukrainian can check the review of any local company with one click.

Hungary

The Hungarian market for the distribution of digital goods and services is also experiencing rapid growth. More than half of all purchases and searches for service providers are conducted online. With citizens’ increasing digital engagement, more and more people are paying attention to online customer reviews.

Individuals must know whether they can trust companies and what other customers say about them. This posed a significant challenge for local businesses, as there was a need for a trustworthy platform to connect people and businesses. Hence, RealReviews.io decided to enter the Hungarian market and provide a comprehensive solution for all parties involved.

The Netherlands

The commercial market in the Netherlands consistently maintains a high level. The population’s involvement in high technology is notably active. With more than half of all sales and services conducted online and the country’s regulatory framework not impeding the development of technology companies focused on review sites and responses, the environment is conducive to growth.

Moreover, the Netherlands leads in Europe in reducing bureaucratic barriers to business expansion. Therefore, it was only a matter of time before RealReviews.io entered this market. This country’s residents and business representatives will now have access to a modern AI-powered review platform.

Investment Focus Areas

Automated Response Assistance

Automation has always been a priority for RealReviews.io, as it facilitates the integration of AI and advanced solutions to simplify business interactions with customers and their negative or positive reviews. For businesses, this presents several opportunities:

1. Timely and personalized responses to customer feedback.
2. The ability to analyze people’s experiences and adapt accordingly.
3. Analysis of the sentiment and context of each message.
4. Selection of the best responses to negative reviews to resolve issues.

The solutions provided by RealReviews.io enable automated expressions of gratitude to customers for positive reviews, offering constructive responses even in unconventional scenarios and deeply customizing the context of interaction with the audience. The ultimate goal is effective engagement with the target audience, and automated solutions can facilitate achieving this desired outcome. Now, businesses can reply to both positive and negative reviews to maintain their growth.

Enhancements to Existing Systems

Automated Review Analysis

The primary objective of RealReviews.io is to continuously enhance customer sentiment recognition systems, which can significantly improve the accuracy of review analysis. Implementing advanced large language models allows for interpreting and implementing automated customer review analysis by generating a tag cloud with keywords.

Consequently, the system can categorize all specific issues or attributes, handle reviews efficiently, and provide effective solutions for prompt responses. Sentiment tracking is crucial for businesses seeking to capture subtle changes in customer needs, behavioral patterns, and experiences with specific web solutions.

Detecting Fake Reviews

Like all businesses committed to honest dialogue with customers, RealReviews.io makes every effort to train linguistic models to identify patterns and anomalies associated with fake reviews. Trolling, review bombing, flaming, blackmail, spam, and classic disinformation have an extremely negative impact on any company and must be stopped.

The analytical model in RealReviews.io reads contextual signals, repeated phrases, and all patterns that are not typical for the real reviews of the average customer. As a result, business owners can receive suspicious activity reports or even the option to block fake reviews, saving significant time automatically.

Bottom Line

In recent months, RealReviews.io has been on the brink of a breakthrough in customer review management. With recent investments and market expansion, it’s only a matter of time before the customer reviews market undergoes a revolution. Enhancing the AI model and the overall approach to operating review analysis algorithms offers innovative opportunities for the growth of any business. Consequently, rapid expansion into new markets is becoming an achievable goal for the near future.

About Real Reviews

RealReviews.io is your go-to platform for trustworthy and unbiased information, backed by a passionate team dedicated to empowering users. Our focus on technology, data analysis, and top-notch customer service ensures you get accurate insights for informed decision-making. We simplify choices through reliable reviews, using AI evaluations forobjective assessments. Join our engaged community, where sharing experiences shapes collective knowledge, and discover a space built on transparency, authenticity, and user empowerment. At RealReviews.io, we’re committed to making your decisions confident and well-informed.

Press Contact:

Victoria
+1 302 574 6680
https://realreviews.io/

SOURCE Real Reviews

Die von der Jahez-Gruppe geführten Fonds werden die geografische Expansion in Saudi-Arabien, Europa und dem Vereinigten Königreich beschleunigen

DUBAI, VAE, 29. Mai 2024 — Grubtech, eine führende SaaS-Integrations- und Unified-Commerce-Plattform, die F&B- und Quick-Commerce-Unternehmen unterstützt, gab bekannt, dass das Unternehmen im Rahmen seiner Serie B und einer Erweiterungsrunde der Serie A 15 Millionen US-Dollar aufgebracht hat.  Die Series-B-Runde wurde vom VC-Arm der Jahez Group, einem führenden, in Saudi-Arabien börsennotierten Online-Marktplatz für Lebensmittel und Quick-Commerce, geleitet, mit Beteiligung der bestehenden Investoren Addition und Oryx Fund, , dem MENA-spezifischen Fonds von Hambro Perks.

Grubtech wurde 2019 gegründet, um die Lücke der F&B-Branche bei Technologielösungen für Omnichannel-Aktivitäten zu schließen.  Die Flaggschifflösung gOnline bietet den Anwendern eine echte Unified-Commerce-Engine, indem sie eine breite Palette von Online- und In-Store-Bestellkanälen in nachgelagerte Systeme wie POS, ERP, Inventar, 3^rd party logistic und Loyalty-Lösungen integriert.  Grubtech bietet auch Lösungen zur Rationalisierung der Abläufe in den Filialen, der Auftragsabwicklung und der KI-gesteuerten Datenanalyse. 

Der Kundenstamm von Grubtech hat sich in 18 Märkten über F&B hinaus entwickelt und umfasst nun auch andere führende Quick-Commerce-Kategorien wie Lebensmittelgeschäfte und Apotheken. Das Unternehmen plant, den Erlös zur Beschleunigung der geografischen Expansion und zur Gründung von Niederlassungen in Saudi-Arabien, Europa und Großbritannien zu verwenden.

„Die Online-Umsätze im Bereich F&B und Quick-Commerce wachsen weiterhin in rasantem Tempo.  Unsere Produkte ermöglichen es unseren Kunden, Elemente ihres Tech-Stacks, wie z. B. ein POS-System, weiter zu nutzen und gleichzeitig neue Vertriebskanäle und digitale Lösungen nahtlos einzuführen, wodurch Silos in den Bereichen Betrieb und Daten beseitigt werden”, sagte Mohamed Al Fayed, Mitbegründer und Geschäftsführer von Grubtech.  „Wir freuen uns darauf, unseren Vorstoß in verschiedene Märkte fortzusetzen, in denen wir eine starke Nachfrage und ein großes Wachstumspotenzial festgestellt haben.”

Die Lösungen von Grubtech ermöglichen es den Kunden, ihr Verkaufsvolumen über mehrere Kanäle hinweg erheblich zu steigern und gleichzeitig die Abwicklungszeit zu verkürzen und auf eine Fülle von Echtzeitdaten zuzugreifen, die für die operative und strategische Entscheidungsfindung genutzt werden können.  Nach der Einführung der Lösungen von Grubtech können die Betreiber den Umsatz pro Quadratmeter leicht verdoppeln und die Geschwindigkeit des Service um 25 % verbessern, während sie gleichzeitig Betriebskosten sparen und die Verschwendung reduzieren.

Abdulaziz Alhouti, Chief Investment Officer der Jahez Group, sagte: „Nachdem wir in mehrere Technologielösungen im F&B- und Quick-Commerce-Sektor investiert haben, haben wir aus erster Hand den Wert der Integrationsplattform von Grubtech für unsere Händlerbasis gesehen.  Wir freuen uns, das Team von Grubtech bei der Entwicklung neuer Produkte und der Erschließung neuer geografischer Gebiete zu unterstützen.”

Foto: https://mma.prnewswire.com/media/2421654/Grubtech.jpg

PROVIDENCE, R.I., May 29, 2024 — Light Frame, a pioneering Swiss-American FinTech company headquartered in Providence, R.I., today announced the successful oversubscription and completion of its Pre-Seed financing round, raising $1.7 million.

Launched by the founding executives of Alpian, Switzerland’s first digital private bank, Light Frame is developing a proprietary technology platform designed to deliver unprecedented levels of autonomy, capability, and intelligence within the operations of Private Banks and Wealth Management firms. This funding round marks a significant milestone in the company’s journey, providing the necessary resources to accelerate its innovation and growth.

“Current technologies within the Financial Services industry are generations behind the modern standard, restraining banks in their capacity to innovate and drive efficiency,” said Mathieu Clement, President of Light Frame. “Light Frame is building the next generation of Wealth technology, a technology that will enable our client banks to fundamentally rethink and improve how they operate.”

Light Frame’s pre-seed round of $1.7 million is co-led by ATX Venture Partners and New Stack Ventures. Light Frame’s investors also include Rogue Venture Partners, Half Court Ventures, Underdog Labs, and Studio Alpha.

“Modern technology represents the single biggest opportunity for banks to both materially expand their revenues and optimize their costs,” said Schuyler Weiss, CEO of Light Frame. “This funding will enable us to grow our team both in Rhode Island and abroad, further engage with the Private Banks and Wealth Managers looking to seize this opportunity, and facilitate the launch of our product within the market in 2025.”

Light Frame opened its American headquarters at the Cambridge Innovation Center (CIC) in downtown Providence in early 2024, joining dozens of other nationally leading, tech-focused startups working out of CIC’s fast-growing hub. Light Frame also has an office in one of Switzerland’s leading entrepreneurial cities, Lausanne.

About Light Frame

Light Frame is a Swiss-American Financial Technology company headquartered in the Cambridge Innovation Center in Providence, R.I., USA. The company was founded in January 2024 by Schuyler Weiss, the founder and former CEO of the Swiss bank Alpian, Mathieu Clement, the former COO and CIO of Alpian, and leading technologists Philippe Kernevez and Gregory Bataille.

Learn more at www.LightFrame.tech. 

SOURCE Light Frame