Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Agtonomy Closes $32.8M Series A to Accelerate AI-Driven Automation in Agriculture and Expand into Autonomous Industrial Equipment

Agtonomy

Agtonomy, the pioneer in AI-enabled automation software for agriculture and land maintenance, has raised an additional $10M to close its Series A round, bringing total funding to $32.8M. This significant investment, combined with Agtonomy’s commercial offerings and scalable business model, positions the company for accelerated growth and market expansion over the next few years. Autotech Ventures, the leading mobility venture fund, led the round. New investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support. This funding marks a pivotal moment in Agtonomy's mission to address labor and climate change challenges through advanced automation for industrial equipment fleet management. “Agtonomy's innovative approach aligns with our mission to revolutionize mobility and automation across various sectors, starting with off-road autonomy. Their unique business model, which combines software expertise with established OEM partnerships, positions them to lead the transformation to autonomous fleet management. We look forward to supporting Agtonomy's experienced team as they address critical labor shortages and sustainability challenges in these industries,” said Alexei Andreev, founding partner of Autotech Ventures. Agtonomy’s immediate growth plans include scaling its West Coast technical team into new markets, expanding its 2025 paid pilot program for permanent crops by 500 percent, and developing technology solutions for other industrial markets that seek world-class automation to improve margins. “The impact Autotech has already had on our business is expansive. We could not have had a better lead investor in this round than this talented group who have focused on the world of mobility since their inception,” said Tim Bucher, CEO and Co-Founder of Agtonomy. Powerhouse Board Validates Agtonomy’s Market Potential Sterling Anderson, a Silicon Valley icon who led the team that created the original Tesla Autopilot and co-founded the leading independent developer of on-road autonomy, will join Agtonomy’s diverse Board of Directors. “Agriculture is a vast and essential element of the human experience. Autonomy can make it better. I’ve been impressed with Agtonomy’s approach, focus, and execution to date and look forward to advising them on this important journey.,” said Sterling Anderson, Co-Founder and Chief Product Officer of Aurora. In May, Agtonomy announced that Jorge Heraud, formerly John Deere’s vice president of automation & autonomy, joined the Board, which includes both co-founders Tim Bucher and Valerie Syme, and Board Chair Jim Meyer, former SiriusXM CEO and current Vice Chair. “By bringing together some of the most impactful technology leaders, our Board is enabling additional firepower in corporate strategy and governance to bring Agtonomy to its full potential,” said Valerie Syme, co-founder and COO of Agtonomy. About Agtonomy: Agtonomy is a California-based, farmer-founded software, services and technology company enabling autonomy to solve agriculture’s most immediate and pressing problems including labor scarcity, climate change and shrinking profit margins. Partnering within the equipment value chain for rapid commercialization, Agtonomy embeds their ‘smarts’ into brand-name tractors and implements, digitally transforming machinery into a remote-operated, task-driven ecosystem for safe, equitable, profitable and climate-smart agriculture. For more information, visit https://www.agtonomy.com/. Contact Details AgTech PR for Agtonomy Sara Winters sara@agtechpr.com Company Website https://www.agtonomy.com/

October 16, 2024 08:30 AM Pacific Daylight Time

Image

New Study Shows Rise in Independent by Choice Workers over Traditional Employment

MBO Partners

A new study from MBO Partners highlights a transformative shift in the American labor market, revealing a 6.5% increase in full-time independent workers, now reaching 27.7 million, since last year. Nearly one in five independent workers now earn more than $100,000 annually, reflecting the expanding economic opportunities offering Americans options from traditional employment toward the freedom and flexibility of self-employment. “This 6.5% growth in full-time independents signals a clear rejection of the traditional employer-employee social contract,” said Miles Everson, CEO of MBO Partners. “The concept of stable benefits, job security, and mutual loyalty is unraveling. Our study found that 65% of full-time independent workers feel more secure in their careers, and their confidence is reflected in their decision to pursue autonomy and forge their own paths.” MBO’s State of Independence report, The Independent by Choice Movement: Authentic and Intentional, now in its 14th year, shows that 72.7 million Americans are choosing independent work in 2024. Millennials and Gen Z are at the forefront of this movement, with their combined share of the independent workforce rising from 52% in 2023 to 59% in 2024. As traditional employment loses its appeal, these younger generations are redefining career success, prioritizing flexibility, purpose, and financial independence over conventional job structures. Additional insights from the 2024 study include: Traditional Employment is on Shaky Ground The study reveals that 34% of traditional jobholders fear losing their jobs, while 42% are considering a career change this year. In contrast, 65% of full-time independents feel more secure, and nearly 60% say their work aligns with their identity, compared to just 47% of traditional workers. As the employer-employee social contract frays, traditional jobholders question employer commitment to retaining talent. Many workers are switching jobs more frequently or transitioning to independent work, with job tenure steadily declining. Independent by Choice Drives a Bold New Era of Self-Directed Careers In 2024, 61% of independent workers chose this path by choice, not necessity, with only 10% saying they felt forced into it. Confidence in independent work is growing, with 65% of full-time independents feeling more secure than in traditional jobs, and 54% saying they wouldn’t return to payroll employment. Independent work is now seen as a viable career strategy, with 4.7 million independents earning over $100,000 annually, up from 3 million in 2020. This shift represents a growing movement toward autonomy and purpose, not just a fallback option. AI and Global Reach Fuel Independent Growth In 2024, the number of full-time and part-time independent professionals providing services to businesses surged by 14%, reaching 11.2 million. These independents are climbing the value chain, leveraging specialized skills and generative AI—65% now use AI tools, up sharply from 37% in 2023. AI has become a game changer, enhancing productivity and competitiveness, leading to a rise in six-figure earners. Additionally, thanks to platforms, marketplaces, and social media, the global reach of independent workers is expanding. In 2024, 31% reported providing services to customers outside the U.S., nearly triple the proportion from 2012. “More people are turning to independent work,” Everson added. “This is not just a trend - it’s an inspiring shift, with a workforce determined to redefine success on its own terms.” About MBO Partners® MBO Partners is a global talent solutions platform designed to optimize the engagement between enterprise clients and high value independent workers. MBOâs comprehensive enterprise solutions allow clients to source exceptional talent, scale their independent workforce and optimize their workforce management practices. With vast experience and industry expertise, MBO helps you build a better, independent workforce for the future. For more information, visit mbopartners.com. Contact Details Words For Hire Karen Swim, APR, Public Relations +1 586-461-2103 karen@wordsforhirellc.com MBO Partners Michelle (Mick) Lee, Chief Administrative Officer (CAO) MLee@MBOPartners.com Company Website https://mbopartners.com

October 15, 2024 09:00 AM Eastern Daylight Time

Image

Marti Technologies Begins Monetizing Ride-Hailing Super App With Drivers Paying Subscription Fees

Benzinga

By Meg Flippin, Benzinga Marti Technologies, Inc. (AMEX: MRT), which is the top urban mobility app in Türkiye as per data cited in its most recent investor presentation, has begun monetizing its ride-hailing service, selling drivers subscription packages to access ride requests from Marti’s growing rider base, which is now around 1.3 million. By the end of the year, the company is targeting 1.6 million users. Under its initial monetization strategy, drivers pay Marti monthly subscription fees to receive ride requests from riders. The company says it has over 225,000 registered drivers using its app. In the first half of 2024, Marti’s driver base increased by 60%. Drivers Are Willing To Pay For Access To Riders Marti, which bills itself as the only ride-hailing company in Türkiye that can handle large volumes of rides, does face competition from offline ride-hailing services in the country. Still, the company says that none of the smaller services have a mobile app that streamlines the process of hailing a ride. Instead, they rely on voice calls and text messages to connect drivers and riders. Such inefficiency results in a lower volume of ride requests from those service providers, reports Marti. Nonetheless, the company says drivers are willing to pay upwards of $300 per month for that type of offline access to riders, which means Marti can also charge that much. To maximize its monetization efforts and to make it equitable for drivers, Marti’s driver subscription package prices are set to dynamically adjust to reflect the level of real-time ride requests that Marti directs to its drivers. During busy times, Marti can charge more for access. Before this monetization, Marti was focused solely on growing the number of riders and drivers on its app, a strategy the company says is paying off. “The first half of 2024 was a period in which we significantly exceeded our ride-hailing targets, demonstrating that demand for ride-hailing in Türkiye is even higher than we anticipated,” Oguz Alper Oktem, founder and CEO, said when reporting earnings at the end of September. “In the first half of 2024, in addition to achieving our new rider and driver acquisition targets, we also increased our efforts to retain existing riders and drivers in a capital-efficient manner.” Standing Out From The Pack Marti is different from its rivals, which the company credits for its growth. To connect drivers and riders, the company launched its super app in 2019, and in under five years has morphed into a leader in the marketplace. Not only does it match riders with cars easily and efficiently, but it also has motorcycle-hailing and taxi-hailing services, and operates a large fleet of rental e-mopeds, e-bikes and e-scooters. Another differentiator is its concentration throughout Türkiye, particularly in Istanbul. With an unofficial population of over 20 million people, Istanbul is the largest city in Europe; bigger than cities like London, Paris and Berlin. Of the company’s 225,000 registered drivers, more than 167,000 are in Istanbul. The company says that compares to some 21,000 taxis operating in the city. “Monetization is constantly on our mind,” said company executives during a recent earnings conference call. “We look at drivers' behavior, we look at riders' behavior. When the pilot programs come alive, the profitability of the company will change significantly.” Featured photo by Tolga Ahmetler on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 15, 2024 09:00 AM Eastern Daylight Time

Image

Siyata Mobile, Ambra Solutions And TASSTA Americas Collaborate To Migrate Mining Sites To Cutting-Edge Wireless Networks For All Their Communication Needs

Siyata Mobile Inc.

By Meg Flippin, Benzinga For years mining companies had no choice but to build two communications networks, one for data and the other for two-way radio. After all, in remote locations, both are important to keep mining operations going. But thanks to LTE/5G networks, the old way of doing things – which was costly and cumbersome – is going away. That’s particularly true of new greenfield mines, which are increasingly installing one LTE/5G network to meet all their needs. Even existing mines, recognizing the benefits, which include better coverage and connectivity, are melding their networks into one. They are turning to companies like Siyata Mobile Inc. (NASDAQ: SYTA), Ambra Solutions and TASSTA Americas to make it happen. The three are collaborating to help mining sites migrate from a traditional VHF/UHF two-way radio system into what the companies say are cutting-edge wireless networks enabling voice, data and real-time location services. All three play an important role in making this a reality, bringing many benefits to their mining customers. Communicating Everywhere Take automatic channel switching for starters. In dynamic industrial environments maintaining consistent and reliable communications is essential for operational safety and efficiency. TASSTA Americas` software solution enables automatic channel switching, ensuring workers remain connected to the correct network segment as they move throughout the site. This functionality helps prevent communication failures and ensures continuous connectivity across the entire industrial site, enhancing both safety and operational efficiency. Then there are vehicle-mounted push-to-talk (PTT) devices. For industries requiring robust and reliable communication solutions, Siyata offers specialized vehicle-mounted PTT devices designed to withstand the harshest conditions. These devices provide workers with effective communication tools, ensuring reliable, hands-free communication even within vehicles operating in challenging conditions. Safety Front And Center Safety is also top of mind for mining operators and an LTE/5G network system facilitates that and then some, from man-down detection to emergency video functionality. After all, worker safety remains a top priority in any work environment, especially in ones where workers can encounter a number of hazardous elements. TASSTA Americas' advanced software solutions, integrated with Ambra’s private LTE/5G connectivity solutions, include man-down detection systems that utilize sensors to monitor worker status. These systems automatically alert emergency services in the event of a fall or incapacitation, ensuring rapid responses and possibly avoiding critical situations. In the event of an emergency, the availability of real-time visual information can be critical. Ambra’s LTE/5G solutions, coupled with TASSTA Americas' emergency response software, enable the automatic activation of video functionality on devices when the SOS button is pressed. This integration provides emergency responders with immediate visual context to better assess and address the situation. Communicating Without Interferences But the benefits don’t end there. Electromagnetic interference mitigation is another important feature for miners and their workers. In facilities like aluminum smelters, severe electromagnetic interference can pose significant challenges, potentially disrupting the operation of electronic devices and creating safety hazards. Ambra Solutions' Private LTE/5G networks are engineered to function reliably in these environments, maintaining operational integrity even in the presence of strong electromagnetic fields. Siyata says that this capability ensures uninterrupted communication and device functionality, even under the most challenging conditions, with Siyata's rugged devices specifically designed to withstand such adverse conditions. The ability to communicate one-on-one and in groups is also important, which is where flexible talk-groups come in. In dynamic industrial operations, the ability to create and manage multiple talk groups without the need for reconfiguring devices is crucial. TASSTA Americas offers this flexibility, allowing for scalable communication setups that can easily adapt to evolving operational needs. TASSTA Americas software enables the creation of as many talk groups as needed without requiring extensive device reconfiguration or downtime. Recording communications is essential for developing effective emergency response strategies and analyzing incidents post-occurrence. TASSTA Americas' software supports the recording of all communications, providing valuable data that can be used to refine safety protocols and prevent future emergencies. Looking to the future, the Ambra LTE/5G network can also support things like automated guided vehicles or AGVs. Industries like aluminum smelters, where operational conditions are particularly harsh, increasingly rely on AGVs to enhance efficiency and reduce human exposure to dangerous environments. Ambra Solutions’ Private LTE/5G networks provide the robust and reliable communication infrastructure needed for AGVs to operate seamlessly in such challenging environments. While Siyata and TASSTA Americas focus on human communication solutions, Ambra Solutions ensures that the AGVs are fully supported by a network that guarantees high-speed, uninterrupted connectivity, allowing these vehicles to perform autonomously and safely. The integration of Ambra Solutions' Private LTE/5G networks in industrial environments, combined with Siyata's rugged communication devices and TASSTA Americas' advanced software solutions, marks what the companies say is a leap forward in both operational efficiency and safety. These technologies address the unique challenges faced by modern industrial settings, ensuring that industries can operate more safely and efficiently. As industries continue to evolve, the adoption of Ambra’s LTE/5G connectivity, along with Siyata's and TASSTA Americas' products, expect to play a crucial role in creating smarter and safer working environments, and so, even across time and evolving technologies. Ambra is focused on providing their clients a future-proof infrastructure that will be capable of adapting with existing technologies while enabling future use-cases without having to replace hardware or start all over again, which means that networks deployed today are also an investment in tomorrow. Featured photo by Dominik Vanyi on Unsplash. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

October 15, 2024 08:55 AM Eastern Daylight Time

Image

Soaring Ahead: ZenaTech (Nasdaq: ZENA) Makes Moves in the Booming Drone Market

ZENA

The global commercial drone market is on the rise, estimated at USD 19.89 billion in 2022 and projected to grow at a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030. This surge is fueled by the increasing enterprise applications of drones across diverse industries and continuous technological advancements. As businesses strive to enhance operational efficiencies and reduce costs, innovative drone solutions are becoming indispensable. Amid this growth, ZenaTech (Nasdaq: ZENA) is positioning itself as a notable contender, leveraging its AI-driven drone technology to cater to the evolving needs of sectors like agriculture, defense, and logistics. ZenaTech: A Rising Player in AI Drone Technology ZenaTech is quickly emerging as a notable contender in the AI and drone technology sector, making strides in both drone manufacturing and enterprise SaaS solutions. Founded in 2017, the company has grown its software development expertise and expanded into cutting-edge drone technologies, positioning itself as a promising stock for investors interested in innovative solutions driving operational efficiency across various industries. With a focus on enterprise applications in law enforcement, government, industrial sectors, and beyond, ZenaTech’s diverse product lineup and recent regulatory milestones are pushing the company to the forefront of the drone services industry. ZenaDrone 1000: Enhancing Efficiency in Critical Operations At the heart of ZenaTech’s drone division is ZenaDrone, a wholly-owned subsidiary. ZenaDrone’s flagship product, the ZenaDrone 1000, is an intelligent unmanned aerial vehicle (UAV) designed to tackle a variety of industrial tasks, from military surveillance and agricultural monitoring to humanitarian missions. The ZenaDrone 1000 offers cutting-edge capabilities such as autonomous flight, heavy-lift capabilities, and long-range operation, making it suitable for mission-critical tasks where reliability and precision are paramount. The ZenaDrone 1000 incorporates advanced machine learning and AI, allowing it to automate tasks like plant tracking, crop management, and land surveys. Its heavy-duty construction, featuring carbon fiber layering, 360-degree Lidar, and a 4K stabilized camera, positions it as a top choice for industries like construction, defense, and environmental inspection. With 90-degree tilting rotors and quick-swap batteries, it offers flexibility and ease of use in dynamic environments. According to Dr. Shaun Passley, Ph.D., CEO of ZenaTech, “The ZenaDrone 1000 empowers businesses and organizations with precise and efficient mission execution, offering new horizons in unmanned aerial vehicle applications.” Recent Product Launch: The IQ Nano Most recently, on October 10, 2024, ZenaTech announced the launch of the IQ Nano, a compact indoor drone designed for warehouse inspections and inventory management. The IQ Nano is small but powerful, offering features like autonomous data collection, obstacle avoidance, and a charging pad for convenient use. Weighing just 1.5 kg, the IQ Nano is ideal for indoor applications where space is tight, and drones need to navigate safely around obstacles. “The IQ Nano is breakthrough technology,” said Dr. Passley. “Its ability to automate inspection, maintenance, and inventory monitoring tasks provides immense value to companies in sectors like warehousing and logistics.” FAA Approval: A Critical Milestone One of ZenaTech’s most significant achievements came on October 2, 2024, when the company announced that it had received approval from the Federal Aviation Administration (FAA) to begin live testing and demonstrations of the ZenaDrone 1000 in the United States. This FAA exemption for visual line-of-sight commercial applications is a game changer for ZenaTech, as it enables the company to test its drone solutions with U.S.-based partners in real-world scenarios. “This milestone is central to our work with U.S.-based customers and partners as we refine our drone solutions and expand distribution in the U.S.,” said Dr. Passley. This regulatory approval not only validates the technology but also positions ZenaTech for broader adoption across agriculture, defense, logistics, and search and rescue sectors in the U.S. ZenaDrone’s recent joint venture with Night Sun, a Native American Corporation, highlights its strategic push into the U.S. market. The venture aims to develop drone applications for search and rescue, firefighting, cargo delivery, and land surveying, specifically for use by Native American tribes across the country. The FAA approval allows ZenaDrone to move forward with these initiatives, expanding its footprint in mission-critical drone services. Launching Commercial Drone Services in the U.S. Building on the momentum from its FAA approval, ZenaDrone has initiated Drone-as-a-Service (DaaS) operations through its Phoenix, Arizona, office as of October 8, 2024. This marks a significant step for the company, as it begins generating revenue from commercial drone services, offering solutions in land surveying, inspection, monitoring, and tracking. The company is also working towards receiving an aerial spraying license (14 CFR Part 137), which will enable it to offer agricultural services like plant nourishment and pest control. “We are excited to commence commercial operations in the U.S., which will allow us to expand our reach and revenue streams,” said Dr. Passley. “We believe this is just the beginning as we pave the way for additional regulatory approvals in other countries.” A Stock to Watch With significant technological advancements and growing commercial opportunities, ZenaTech is emerging as a strong player in the AI and drone sectors. Its FAA approval, joint ventures, and commercial operations in the U.S. create a compelling growth narrative for potential investors. As the company continues to expand its product lineup and regulatory approvals, it stands to benefit from the increasing demand for AI-driven drone solutions across multiple industries. For those seeking an up-and-coming company in the drone technology space, ZenaTech (Nasdaq: ZENA ) is one to watch. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by the company to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website http://razorpitch.com

October 15, 2024 06:00 AM Eastern Daylight Time

Novidea and Pathpoint Explore E&S Insurance Growth Live at ITC Vegas

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, and Pathpoint, the modern wholesaler where insurance agents can get bindable, small commercial E&S quotes in just a few minutes, will present a live Q&A at ITC Vegas, the world's largest gathering of insurance innovation. Jeff Heine, Chief Revenue Officer of Novidea, and Alexander Bargmann, CEO and Co-founder of Pathpoint, will present " ITC Brokers: Powering E&S Growth through Strategic Tech Investments," on Tuesday, October 15, 2024, at 11:15 a.m. Pacific Time at ITC Las Vegas at Ballroom F of the Mandalay Bay Convention Center. Pathpoint is one of the fastest-growing Excess & Surplus (E&S) insurance wholesalers in the U.S. Since implementing Novidea's insurance management platform, the company has achieved a 20 percent policy submission growth rate and doubled its sales and underwriting operations to further expand its presence across the country. Novidea's technology enabled the seamless integration of data and applications across Pathpoint's underwriting, account, sales, and operations departments, eliminating data silos and facilitating data-driven decisions about the business. With greater access to customer and operational data across the business, Pathpoint gained greater insights into which lines of business were performing well. They were also able to uncover new opportunities to launch additional risk products in key geographic regions best positioned for growth. "The strategic technology investments we've made over the last few years and the ecosystem we've built have been instrumental in our growth strategy," Bargmann said. "I'm looking forward to joining Jeff Heine of Novidea on stage at ITC to share the Pathpoint story. I hope to inspire and educate other E&S and intermediary insurance leaders with valuable advice that they can implement in their own organizations." Experts across the insurance industry predict the E&S segment will outpace the overall commercial lines market within the next few years. E&S saw double-digit, year-over-year growth for four consecutive years. To support this unprecedented growth, E&S brokers and agents must make investments in modern, highly scalable technology so they can keep up with demand and respond faster. "Novidea research shows that 49% of insurance business decision-makers say enabling growth is the number one priority when choosing a new technology. E&S and the broader intermediary market that lack modern technology systems to help them streamline processes at scale will lose out on the massive growth potential this sector is experiencing," said Jeff Heine, CRO at Novidea. "In our presentation at ITC, Alex and I will talk about the need for agile, cloud-native technologies that deliver a great digital experience while eliminating the need for agents to re-key information or fill out clunky forms. We will show how speed, accuracy, efficiency, and scale are the keys to success for E&S players like Pathpoint." In addition to the presentation, Novidea is a sponsor and exhibitor at ITC Vegas. For more information about Novidea's award-winning technology, visit ITC booth number #2365 or visit www.novidea.com. About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. For more information, visit www.novidea.com. About Pathpoint Pathpoint is the modern wholesaler where insurance agents can get bindable small commercial E&S quotes in just a few minutes. Pathpoint combines proprietary technology and first-class service to enable strategic partners to give retail insurance agents fast access to quotes from multiple, A-rated carriers in the contractors, vacants, lessor's risk, monoline property, restaurants, and cyber verticals. Pathpoint is licensed in all 50 states and a coverholder at Lloyd's of London. To learn more about Pathpoint, and become a strategic partner, visit www.pathpoint.com. Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

October 14, 2024 11:00 AM Eastern Daylight Time

VTS Recognized on Commercial Observer’s Annual Power Proptech List For Third Consecutive Year

VTS

VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced that Commercial Observer has recognized CEO Nick Romito, Chief Strategy Officer Ryan Masiello, and Chief Technology Officer Swaroopa Penikelapati in its third annual Power Proptech List. “We’ve seen immense product-led growth in 2024, and our recognition as a power player in proptech is a testament to all of the hard work our team at VTS has invested since day one,” said Nick Romito, CEO of VTS. “We look forward to maintaining our position at the forefront of industry transformation and to continue pushing the boundaries of innovation for real estate.” Under Romito, Masiello, and Penikelapati’s leadership, VTS has celebrated numerous company milestones in the past year and continued to expand its platform’s capabilities. In March 2024, VTS announced the launch of VTS 4, the company’s novel predictive analytics solution powered by the newly developed VTS Demand Model. Along with the launch of VTS 4, VTS expanded its VTS Data offering to the London market, bringing commercial real estate’s only real-time data and insights to the United Kingdom. In April 2024, the company announced it would be expanding into the multifamily sector with the launch of its resident experience offering, VTS Activate Multifamily, and major residential industry players Lendlease, Habitat, and Stonehenge all selected and deployed it as their resident experience solution of choice. In May 2024, VTS introduced VTS Activate Workplace, the first workplace experience solution that can combine native workplace and building systems into one application. VTS continues to be a trusted source for industry data, with its quarterly VTS Office Demand Index (VODI) and annual Global Landlord Report. In February 2024, VTS introduced its Global Workplace Report, which leverages data to pinpoint corporate tenant needs and expectations related to office space. “We’re honored to be recognized once again on Commercial Observer’s Power PropTech list,” said Ryan Masiello, Chief Strategy Officer at VTS. “At VTS, we have always focused on anticipating industry needs and delivering solutions that drive meaningful impact for both landlords and tenants. We remain committed to being a leader in proptech, and are incredibly excited for what the future holds for both VTS and the real estate industry at large.” "I’m thrilled to be recognized by the Commercial Observer in their annual Power Proptech List alongside Nick and Ryan, as well as other innovators in the proptech space” said Swaroopa Penikelapati, Chief Technology Officer at VTS. “VTS is committed to innovation by driving meaningful outcomes through our technology and solving problems for our customer base. I look forward to continuing to push the boundaries of what our platform can deliver and drive maximum value for our customers.” Commercial Observer’s annual Power Proptech List is a compilation of the most influential individuals in the rapidly evolving world of proptech. In a field that continues to undergo significant transformation, this list recognizes executives and companies that shape the industry and possess the resilience and innovation necessary to thrive in changing times. About VTS VTS is the commercial real estate industry’s only technology company that unifies owners, operators, brokers, and tenants in a single platform to capitalize on opportunities revealed in every square foot of their properties. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party data source in the industry, transforming how strategic decisions are made and executed by CRE professionals across the globe. With the VTS Platform, consisting of VTS Lease, VTS Activate, VTS Data, and VTS Market, every business stakeholder in commercial real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 12 billion square feet of office, retail, and industrial space is managed through our platform worldwide. VTS’ user base includes over 45,000 CRE professionals and industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com. Contact Details Sofia Chevez +1 646-912-5354 schevez@marinopr.com Company Website https://www.vts.com/

October 14, 2024 09:00 AM Eastern Daylight Time

Comcast Opens New Xfinity Store in Crystal, Minn.

Comcast Twin Cities

Comcast today announced that a new Xfinity store has opened in Crystal, Minn. to meet the needs of residents and business owners. Located at 5606 W. Broadway in Crystal, the new store features an interactive design and provides a destination for visitors to experience the complete line of Xfinity products and services, including Xfinity Internet, Xfinity Video, Xfinity Mobile, and Xfinity Home Security. The new Xfinity store is open Monday through Saturday 10:00 a.m. – 7:00 p.m. and Sunday 11:00 a.m. – 6:00 p.m. With the addition of the new Xfinity store, Comcast now offers 16 convenient Xfinity retail locations in the Twin Cities where customers can receive personalized support, exchange and upgrade equipment, pay their bill and more. For local businesses interested in the latest in internet and technology solutions, the store has a dedicated space for Comcast Business customers and prospects to discuss their business technology needs. The store is equipped to host live demos and provide hands-on account management services. Customers can also conveniently book appointments online ahead of time through Xfinity’s website. “We are happy to welcome Comcast to Crystal as the location for their newest Xfinity store,” said Jim Adams, Mayor of Crystal. “The city knows how important access to the newest technology is, and with the store’s prime location, it is easier than ever for Crystal customers to access the latest technology and stay connected.” Comcast has also further invested in the Crystal community by donating $2,500 to NEAR Food Shelf. This is part of Comcast’s ongoing commitment to supporting the cities where they operate. “We are thrilled to bring this new state-of-the-art Xfinity store to Crystal,” said Rachel Johnson, vice president, Sales and Marketing, Comcast Midwest. “Our Xfinity stores give customers personalized service, the ability to explore hands-on device demonstrations, and get expert support tailored to enhance your connectivity experience. Whether you're looking for the latest technology or need assistance with your account, our knowledgeable staff is here to help.” The new Xfinity Store is a testament to Comcast's ongoing investment in Minnesota. Over the past three years, Comcast has invested more than $525 million in technology and infrastructure across the state, focusing on network expansion and upgrades. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Patrick Stumpf +1 651-968-7382 Patrick_Stumpf@comcast.com Company Website https://midwest.comcast.com/

October 11, 2024 08:00 AM Central Daylight Time

Image

AI Specialist Rezolve Ai Forges Strategic Alliance And Co-Sell Support With Microsoft To Transform The Retail Industry

Benzinga

By Josh Enomoto, Benzinga Driving practical artificial-intelligence-based innovations for the retail and e-commerce industry, Rezolve Ai Limited (NASDAQ: RZLV) recently inked a strategic partnership with tech juggernaut Microsoft Corporation (NASDAQ: MSFT). Primarily, this high-level collaboration aims to deliver advanced digital capabilities to retailers, with the goal of enabling them to bolster customer engagement, improve the overall shopping experience and ultimately catapult growth. By combining their strengths, the partnership goes beyond just offering new technologies. It is a strategic alignment where Microsoft’s extensive cloud infrastructure and market reach meet Rezolve’s tailored AI solutions for retail, and Rezolve expects it to benefit from a minimum of $130 million of Go-to-Market support from Microsoft over the next five years. This collaboration is designed to address long-standing challenges in the e-commerce space, making it easier for retailers to integrate advanced machine intelligence into their operations, improve customer engagement and scale with confidence. How Rezolve Drives Much-Needed Change In Retail Engagement The collaboration will spotlight Rezolve’s Brain Suite, a collection of AI tools exclusively designed for the retail industry, and will drive Rezolve Ai’s target of over $100 million ARR for 2025. These solutions – Brain Commerce, Brain Checkout and Brain Assistant – deliver personalized customer experiences by utilizing proprietary machine learning protocols to analyze customer intent and behavior in real-time. This advanced functionality seeks to revolutionize the customer journey, from search and discovery to checkout and post-purchase engagement. Specifically, Brain Commerce eliminates pain points associated with irrelevant search results, instead focusing on products aligned with the customer’s unique preferences. Brain Checkout addresses one of the most vexing problems in e-commerce – cart abandonment – by delivering faster and more intuitive payment options. Finally, Brain Assistant fosters real-time conversational support in 95 languages, making it a valuable asset in an increasingly globalized retail arena. For its part, Microsoft offers its robust, enterprise-grade Azure cloud infrastructure, allowing Rezolve’s Brain Suite to be deployed internationally with ease. Moreover, Azure’s cloud services ensure that the AI specialist’s solutions can accommodate large-scale operations. With the ability to support millions of transactions and interactions across different regions, Rezolve can scale its business as demand accelerates. Plus, Microsoft goes beyond infrastructure with its extensive Go-to-Market (GTM) support. In particular, the tech giant’s co-sell support strategy incentivizes its own sales teams to promote and sell partner products, such as Rezolve’s Brain Suite. Given the unparalleled opportunity to expand its market presence, RZLV stock saw a significant boost in equity value following the disclosure of the partnership. Positioning Retailers For The Personalization Paradigm Fundamentally, Rezolve Ai’s partnership with Microsoft empowers retailers to position themselves for the personalization paradigm. This attribute, as McKinsey & Company noted, is not just a crucial capability but one that “punches above its weight, no matter whether the company is a digital native, a brick-and-mortar player, or a behind-the-scenes producer or supplier.” In today’s retail environment, it’s not just that customers desire personalization – they demand it. To be sure, COVID-19 sparked new shopping behaviors, a component of the broader retail revenge phenomenon. However, the difference between the pandemic and other disruptive events is that these new behaviors command sticking power. More to the point, McKinsey & Company revealed that personalization can boost a retail enterprise’s revenue by as much as 15%. With many households still struggling under the weight of inflation and a challenging labor market, businesses can’t afford to ignore such robust performance metrics, underscoring the collaborative potential of the Microsoft partnership. In addition, the efficiency improvements that Rezolve’s retail-centric AI protocol offers could be a game-changer. Research and advisory firm Gartner noted that organizations deploying machine intelligence can reduce their operational costs by 30%. This improvement stems from the combination of reworked processes combined with hyper-automation – the directive to automate all possible workflows. Finally, one of the biggest potential catalysts for Rezolve is its unique BrainPowa large language model (LLM). Tailored specifically for e-commerce, BrainPowa offers an alternative to off-the-shelf AI platforms that may hinder the customer experience through irrelevant talking points. With AI in e-commerce projected to experience a compound annual growth rate of 14.6% from 2023 to 2032, Rezolve is looking to redefine the game, enabling retailers to deliver captivating engagement and fuel higher revenues. A Game-Changing Alliance For The Future Of Retail? Rezolve’s partnership with Microsoft isn’t just another tech collaboration – it’s potentially a fundamental shift in how retailers will operate moving forward. By leveraging cutting-edge AI tools built specifically for e-commerce, combined with Microsoft’s global cloud infrastructure, this alliance delivers the kind of transformation retailers may need to stay competitive in an increasingly shifting paradigm. Featured photo by Adrian from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 11, 2024 08:45 AM Eastern Daylight Time

Image

1 ... 15 16 17 18 19 ... 603