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Learn to Earn community, Qureos secures $3M funding round to accelerate 100M careers

Qureos

UAE-based EdTech and Future of Work marketplace Qureos has raised $3M million in its pre-seed round led by Dubai-based early-stage VC COTU Ventures and New York-based early-stage VC Colle Capital as it seeks to fast track growth and democratize “Learn to Earn” opportunities for talent globally. The round also saw participation from global and regional investors, including Globivest, Plutus21 Capital, Dubai Angel Investors, and AlZayani Venture Capital. Several angel investors including current and former leaders of Swvl, Boston Consulting Group, Moelis & Company, Careem, Cisco Systems, Koinz, Message Bird, Bain & Company, Hiperpool, ADNOC, QIA, and other notable individuals. Founded in August 2021 by Alexander Epure, Mehrad Yaghmai and Usama Nini, Queros began life as a passion project for the founders to accelerate careers by making mentorship more accessible. This passion project was validated when selected by the Dubai Future Accelerators to solve the skill gap in the transition from campus to the workplace and in between jobs. Qureos is building an experiential learning community to change how people connect, learn and work. Qureos is helping people from over 127 countries learn in-demand skills through cohort-based learning paths led by world-class industry experts that match the hiring demands from Qureos’ business partners. Qureos is solving the skill gap in the transition from campus to the workplace and those changing careers. Globally, there are 254 million Gen Z who have graduated and are still unemployed due to the skill gap, most notably in emerging markets where youth unemployment is above 36%. The job market is changing faster than school curriculums and emerging talent are not getting traditional job placements. Qureos is tapping into the $470B e-learning and future of work markets that are currently separated. “We believe that new learning models like Qureos, which combine cohort-based, synchronous education with community, are going to become more mainstream and disrupt traditional players. From our perspective, the energy and passion that the team exhibited from our initial conversations, to the traction demonstrated so early on, and the deep product vision, were all ingredients to driving our conviction in the business. We’re excited to be a part of this journey and seeing the team’s vision of upskilling talent become a reality. “ said Amir Farha - Founder and Managing Partner at COTU Ventures With instant applications on many job platforms today, hiring fatigue is becoming a burden on HR teams with 47% of candidates failing job interviews due to a lack of alignment to the company. By 2025, Millennials and Gen Z will make up 75% of the global workforce according to Deloitte. As a result, businesses are facing an increasing average cost of hiring of $4,129 per hire and an average time-to-hire of 42 days. By creating a learning community, Qureos allows growing businesses to tap into an on-demand workforce of talent who have been mentored to deliver a high quality of work. With Qureos, businesses are able to reduce their cost-to-hire by up to 79% and their time-to-hire by 36% through Qureos’ proprietary performance-based hiring framework. “Learning and hiring are disconnected and Qureos aims to leverage its unique position at the nexus of these two markets through an experiential learning community where emerging talent can learn from industry experts and gain experience through mentor-led hiring cohorts from businesses,” said Alexander Epure, Co-Founder and CEO at Qureos. “Qureos is going after a massive opportunity with the ultimate aim of creating an ecosystem that unlocks the potential of the human capital. There is a huge untapped potential amongst emerging talent which is not harnessed and it’s about time we create an inspirational story that brings together people who align with our mission” said the founders. With native network effects of the platform, Qureos has been able to achieve phenomenal organic growth of 25,000+ users, as well as attracting mentors from leading organizations including Google, Paypal, Amazon, Cisco, and more than 100 business partners globally. “Creators and industry experts can seamlessly monetize their knowledge, build an online presence and personal brand while giving back to the local and global community.“ said Tomas Panek - Digital Marketing at Qatar Airways. Victoria Grace, Founder and Managing Partner at Colle Capital said: “We see tremendous opportunity in Qureos’ mission to bridge knowledge gaps and upskill professionals through leveraging the extraordinary pathway with direct mentorship. Simultaneously this platform provides a fantastic opportunity for highly skilled individuals to directly monetize their knowledge base, compounded by distinct network effects, and for companies to access high quality and motivated pool of talent. It is also extremely gratifying to see the proliferation of entrepreneurial talent in the region directly stemming from the success of Swvl. It is clear to us at Colle Capital that the rising Swvl Mafia will be at the forefront of ushering in a new and exciting wave of innovation in the MENA region and beyond.“ In November 2021, Qureos announced its partnership with DP World, a Dubai-based multinational logistics provider, to digitize the Tumoohi program, an initiative to support the Emirati society and contribute to the UAE government’s efforts to enable Emirati youth. “I am excited to see Alex and Usama, Swvl alumni, and the rest of the founding team raise a highly successful and oversubscribed round and launch in multiple markets. From Swvl’s reliable and affordable transport to Qureos’ Learn to Earn model, the common mission is enhancing access to work and education opportunities and empowering livelihoods. I am also encouraged to see Victoria, the CEO of Queen’s Gambit Growth Capital, the SPAC Swvl is combing with, continue to invest in global players emerging out of the Middle East to scale internationally and access global pools of capital” said Youssef Salem, CFO of Swvl and Member of Board of Advisors of Qureos. Qureos plans to use this investment to build product-led operations and expand its remote-first team with a focus on hiring talent for their offices in the UAE, Pakistan and India. Its diverse team comes from 11 cities and 10 nationalities with experiences at Swvl, Cisco, Careem, EY, Daraz, HSBC and Aleph. About Qureos Qureos is a ‘learn to earn’ marketplace that makes it easy for emerging talent to learn in-demand skills from world-class industry experts through cohort-based learning paths led by world-class industry experts that match the hiring demand from Qureos’ business partners. About Investors COTU Ventures is a Dubai-based leading seed stage venture firm in the Middle East who partners with incredible founders at the beginning of their journey and accelerating their path to product-market fit and ensuring that they get access to the right capital and expertise. Colle Capital Partners is a global, opportunistic, early stage technology venture fund, based out of New York and founded by Victoria Grace who is also the founder of Queen’s Gambit Growth Capital which is leading the SPAC IPO of Swvl. Dubai Angel Investors is member-led Micro-VC made up of more than 100 like-minded angel investors and are passionate about entrepreneurs that have taken their ideas from concept to customer traction to scale with drive, energy, determination and ambition. Globivest, is a Beirut-based private investment firm with a primary focus on innovative and scalable early stage start-ups. Investments range across a spectrum of sectors and asset classes mainly in Europe and the USA. Plutus21 Capital, is a US-based multi-strategy investment firm focused on blockchain infrastructure investments. AlZayani Venture Capital, a portfolio company of AlZayani Investments and is focused on investing in innovative start-ups and disruptive technologies. Currently, it has investments in various companies in sectors such as Fintech, Retail, Food & Beverages, Tourism and EdTech. Contact Details Qureos Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodtrategy.com Company Website https://www.qureos.com/

April 06, 2022 09:00 AM Eastern Daylight Time

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Cloudrise Is Taking 2022 By Storm

Cloudrise

Cloudrise Inc., a technology-enabled services firm focused on data protection, cloud security, and privacy, continues to make waves with a flurry of exciting news to kick-off 2022. Cloudrise is pleased to announce the acquisition of CyberOrchard, an information security managed service organization located in the United Kingdom. Cloudrise CEO, Rob Eggebrecht, shared his thoughts: “The merger of the two companies brings a breadth of knowledge and expertise to Cloudrise, paving the way to expand our portfolio of data protection services to the global market.” As part of the acquisition, Jason Bird, CyberOrchard’s Founder and CEO, has been named Chief Technology Officer (CTO) at Cloudrise. Bird has over 25 years of experience in cybersecurity, managed services, data governance, and privacy. “Data protection is becoming more complex every day, and at Cloudrise we believe collaboration is the path to better protection for our customers. We are partnering with the strongest data-centric technology companies to bring innovative solutions to our customers, such as Netskope, AWS, Digital Guardian, Microsoft, OneTrust, Varonis, BigID, and Veritas, just to name a few,” said Bird. This news comes just a week after Netskope named Cloudrise as their Global Services Partner of the Year. “This achievement illustrates Cloudrise’s commitment to delivering innovative service offerings to customers worldwide,” said Joe Infantino, Chief Operating Officer at Cloudrise. Additionally, Cloudrise is pleased to announce that CRN®, a brand of The Channel Company, has named Cloudrise to its Managed Service Provider (MSP) 500 list in the Managed Security 100 category for 2022. Winners are recognized for helping end users increase efficiency, simplify solutions, and maximize their return on investment. Cloudrise is taking 2022 by storm and encourages its followers to stay tuned for future announcements. About Cloudrise Cloudrise is a technology-enabled services firm, specializing in delivering data-centric services customized to meet organizations’ business needs. Drawing from 20+ years of experience in the field, they have tailored their services to be focused on securing organizations’ data wherever it resides. Cloudrise knows how to identify gaps, build and optimize controls and integrations across the enterprise, and deploy data-centric technologies across multiple industries, geographies and organizational sizes – all with the expertise to navigate an ever-changing data compliance and regulatory landscape. Cloudrise can be found at Cloudrise.com or on LinkedIn. About CyberOrchard UK-based CyberOrchard is an information security managed services organization, home to experts with over 20 years of data security experience. Whether the risk to organizations' data lives in transit on the network, at rest in storage, or in use at an endpoint, CyberOrchard provides the necessary data security bundled service offerings, consultancy and managed services to significantly reduce organizations' risk of data loss. CyberOrchard can be found at cyberorchard.com or on LinkedIn. Contact Details Jodi Lewis +1 800-917-7619 sales@cloudrise.com Company Website https://cloudrise.com/

April 06, 2022 07:00 AM Mountain Daylight Time

News Release

USPTO Grants Further Digital Commerce Patents for edatanetworks Inc.

edatanetworks Inc.

edatanetworks Inc. announced today the approval of additional patents from the United States Patent and Trademark Office (USPTO). These patents relate to directing merchant donations, automated enrollment, online-to-offline advertising, rich transactional data, and directing donations benefitting local community and charitable organizations. Patent 17/124.760 further protects edatanetworks’ “Click2Sale” intellectual property and the fundamental methods in measuring online to offline digital commerce. Effectiveness in advertising is measured by utilizing connections already in place today with online and offline advertisers, financial institutions, payment networks, merchants, consumers, and communities. Patent 17/087,028 further protects the fundamental methods that edatanetworks' intellectual property uses to correlate transactions between consumers and merchants and identifies algorithms that drive local digital commerce through tokenized rich transactional data. Patent 17/124,690 supports engagement of participants and adoption through a unique scalable claim-your-profile approach to on-boarding which reduces barriers and streamlines participation. “Together, these patents transform local small and medium businesses through digital commerce ensuring they will benefit from actionable insights and a measurable return on marketing spend, while helping to rebuild local communities around the world.” said Terry Tietzen, Founder and Chief Executive Officer of edatanetworks. About edatanetworks edatanetworks Inc. (edata), edatanetworks.com, a privately held intellectual property company established in 2001, has worked with many organizations and conducted multiple live market deployments creating patented philanthropic innovations utilizing existing technological and financial infrastructures—connecting consumers, local merchants, charitable and community organizations, digital media groups, communications companies, search providers, social networks, banks, payment networks, trusted intermediaries and other financial services organizations. Contact Details Keill & Co. Catherine Keill +1 780-690-5283 Company Website https://www.edatanetworks.com

April 06, 2022 07:00 AM Eastern Daylight Time

Ukraine and Libya conflicts microcosms for upending today's world order

Morgan Marketing & Communications

Speakers JASON PACK ( Senior Analyst at the NATO Foundation and President of Libya-Analysis LLC ) and Ambassador Jonathan Winer (Former US Special Envoy to Libya and Non Resident Fellow at the Middle East Institute) will be illuminating today's dis-order in today's geopolitics at the National Press Club in Washington, DC on the occasion of the launch of Mr. Pack's new work, Libya and the Global Enduring Disorder, being held on Monday, April 11th from 3-5PM in the Zenger Room. The world seems to have gone directly from a hegemonic US-led international system to an interregnum in global order. The traditional phase of multipolarity—or a restoration of the balance of power, or even a struggle among rival systems of order, has been skipped. Jason Pack's Libya and the Global Enduring Disorder (Hurst/Oxford University Press) presents the Libya and Ukraine conflicts as an ideal microcosms for examining the collective action failures typical of our new geopolitics. Jonathan Winer's Afterword contextualizes what the Libya conflict reveals about today's international arena. Their talk is an examination of the current state of the world and American and Western policy towards key geostrategic hotspots framed in light of Jason Pack's Enduring Disorder concept. Broadening out from the discoveries of his core research on Libya, he will discuss how the West's response to the Ukraine crisis highlights where today's geopolitics seem to be headed -- bringing into sharp focus the need for a Western-led, rules-based global order. For more background on the book's main argument and its applicability to the current Ukraine crisis consult, Jason's recent pieces in New Lines Magazine Why Putin Is Playing Poker, Not Chess or with Foreign Policy ' Libya’s Chaos Is a Warning to the World '. For Mr Pack's, argument for a more robust transatlantic approach to order the current disorder, see his: When the US shrinks from the stage, things fall apart --- lead article Boston Globe IDEAS Section. For more information on the event, go to https://www.press.org/events/ukraine-libya-and-global-enduring-disorder Morgan Marketing and Communications is a client-based, retained marketing and communications agency in the maritime industry committed to providing its clients with the highest quality professional marketing and communications services available. Our mission is to partner with our clients to meet their needs, and exceed their goals. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com Company Website https://morganmarketcomm.com/

April 05, 2022 04:12 PM Eastern Daylight Time

CSG SYSTEMS INTERNATIONAL TO HOLD FIRST QUARTER 2022 EARNINGS CONFERENCE CALL ON MAY 4

CSG

DENVER, Apr. 5, 2022 - CSG ® (NASDAQ: CSGS) invites you to participate in a conference call on Wednesday, May 4, 2022 at 5:00 p.m. ET to discuss the company's first quarter 2022 earnings results. The conference call will feature CSG president and chief executive officer Brian Shepherd and CSG chief financial officer Hai Tran. To reach the conference, call 1-888-412-4131 and use the passcode 2327393. Click here to join a webcast of CSG’s earnings call in live or archived format. About CSG CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

April 05, 2022 02:01 PM Mountain Daylight Time

ReadySet Raises $29M for a SQL Caching Engine that Empowers Developers to Build Performant, Real-Time Applications

ReadySet

ReadySet announced $24M in Series A funding today led by Index Ventures with participation from Amplify Partners and several angels including Guillermo Rauch, Spencer Kimball, Adam Gross, Jason Warner, and Yury Izrailevsky. With the funding, ReadySet will deliver the first version of its cloud product and continue to expand its team. The company previously raised a $4.9M round led by Amplify Partners last year. ReadySet was co-founded by Alana Marzoev and Jon Gjengset, and is based on their MIT PhD work on the popular open research project, Noria. ReadySet aims to productionize and expand upon the breakthrough technology introduced by this research. “Historically, websites have gone down at the least opportune time for the business - think Cyber Monday for eCommerce. ReadySet helps companies overcome the data layer growing pains associated with rapid growth and business demand,” said Bryan Offutt, partner at Index Ventures. “The technology was developed over the past decade at MIT, with clear market demand. We’re thrilled to partner with Alana and Jon to deliver a commercial version to developers worldwide.” ReadySet provides a drop-in solution to the database performance problems that often arise when a company is in a phase of rapid growth, such as when dealing with large datasets, complicated queries, or high request volumes. To mitigate this problem today, developers must build in-house solutions based on custom query caching systems and read replica hierarchies. The resulting systems are complex, expensive, and prone to failures and outages. “Our investors are betting on the continuous need for companies to deliver ever-changing content quickly while servicing large and globally distributed user bases,” said Alana Marzoev, ReadySet co-founder and CEO. “ReadySet serves SQL query results globally in the same way that traditional CDNs serve static content such as images. You can think of a multi-region ReadySet deployment as being a CDN for your database.” At its core, ReadySet accelerates queries via a novel SQL caching engine that keeps cached state up-to-date automatically while supporting millions of reads per second with sub-millisecond latencies on a single node. ReadySet slots in front of existing relational databases and is wire-compatible with MySQL and Postgres so it can be integrated into existing applications without code changes. About ReadySet: Founded by MIT data systems researchers, ReadySet is a database acceleration company that helps developers build performant and real-time applications. Backed by Index Ventures, Amplify Partners, and Sequoia Capital, ReadySet is a remote-first company with offices in multiple US cities. About Index Ventures: Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. We partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, we invest in entrepreneurs all over the world. Generational Index-backed companies include Confluent, Datadog, Discord, Elastic, Starburst, Temporal and Roblox. Contact Details Owen Media Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website http://readyset.io

April 05, 2022 01:00 PM Pacific Daylight Time

Russians Attack and Sink Dominican Registered Cargo Vessel in Mariupol

COPE

The Commonwealth of Dominica Maritime Administration reports that motor vessel AZBURG IMO number 9102899 Call Sign J7BG6 MMSI number 325116200 was indiscriminately attacked, sank and completely destroyed while at berth in Mariupol, Ukraine. The vessel was struck by two missile shells while at berth in the port of Mariupol, Ukraine on 3 rd of April 2022 at 11:36 UTC. On 4 th April 2022, around 22:40 LT the vessel was heavily fired upon by Russian armed forces after intentionally shelling the vessel twice a day earlier. Specific characteristics of firing on the vessel remain unknown, crew reported shelling, bombing and repeated hits by missiles, causing a fire in engine room. Further reports of heavy fighting and intensive shelling in the port area by Russian armed forces were received by the Administration On 4 th April 2022, the Commonwealth of Dominica Maritime Administration received information that as a result of the attack and spreading fire, m.v. AZBURG sank at berth 16 in the port of Mariupol Port, Ukraine. The crew managed to evacuate and found refuge on board of neighboring vessels. One person was found wounded and received medical assistance. The crew currently remains under an immense amount of fear and stress and needs to be evacuated to a safe area immediately. No further information is available, communication with people in the area is very difficult. The Commonwealth of Dominica Maritime Administration urges the Russian Federation to withdraw its forces from Ukraine and respect its obligations under relevant international treaties and conventions. The immediate evacuation of all civilians from the port of Mariupol, including the entire crew of mv Azburg, should be organized with the highest degree of priority and urgency. The Commonwealth of Dominica Maritime Administration furthermore wishes to emphatically point out the current risks the crew and the environment is facing. People are facing the risk and reality of loss of life and/or serious injury and are likely to be deeply traumatized by the current events. On top of that, current events are seriously damaging the marine environment. Normal safety requirements and (port) emergency response plans are currently not fully operational or completely absent. Medical emergencies, firefighting operations, oil spill response, abandon ship and safe navigation is currently not sufficient or not possible at all. We urgently call upon all relevant UN, governmental and industry bodies to take immediate and direct action to address this serious issue for health and wellbeing of humans, the safety and security of shipping and the prevention of marine and atmospheric pollution by ships. All efforts to speed up establishing humanitarian corridors, as decided upon during the thirty-fifth extraordinary session of the Council, should be taken and executed with the highest degree of priority and urgency. Resulting in enabling the safety of seafarers by allowing them to leave the conflict zone immediately. Eric R. Dawicki, Deputy Administrator of Maritime Affairs of the Commonwealth of Dominica Maritime Administration states: “ An act of war is an act of cowards, bullies and fragile men. The indiscriminate shelling of a merchant vessel with a civilian crew with no place to seek refuge is the lowest of lows. It is an act of war against all of humanity and basic human rights. This Administration deplores these attacks on a Commonwealth of Dominica flagged vessel and insists that the emotionally and intellectually stunted men behind this heinous act look themselves closely in the mirror and discover how to end such senseless motives. There is nothing good that comes out of war – NOTHING!” Contact Details COPE Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com Company Website https://dominica-registry.com/

April 05, 2022 02:12 PM Eastern Daylight Time

Our Culture of Silence is Hurting Our Kids: How to use everyday moments to talk to kids about safety and sexual abuse

YourUpdateTV

Many parents know it’s important to talk with their children about sexual abuse but aren’t sure what to say. How do you find the right words and moments to talk with kids about their safety? One organization has developed an easy way for parents to talk to their children about in-person and online safety. Recently, VP of Education, Research, and Impact at Committee for Children & Mom of 2, Dr. Tia Kim, participated in a satellite media tour campaign to talk about how and when parents can start having these critical safety conversations. A video accompanying this announcement is available at: https://youtu.be/LVgUtn9B1uU The Journal of Adolescent Health reports that 1 in 4 girls, and 1 in 20 boys report experiencing sexual abuse before the age of 18. And, according to The Department of Health & Human Services, children under the age of 9 are most likely to be abused. Experts agree, informed children are less likely to be abused, and those who feel comfortable talking openly with a caring adult are more likely to disclose abuse if it happens. In support of National Child Abuse Prevention Month, Committee for Children is launching its fifth annual Hot Chocolate Talk campaign to help families start conversations with their children about personal and digital safety. “When parents communicate safety rules with children early and often, they create environments where kids feel comfortable asking questions and having difficult conversations, such as disclosing abuse,” says Dr. Kim. The “ Hot Chocolate Talk” how-to guides are designed to help make an admittedly awkward conversation feel as warm and comfortable as a mug of hot chocolate, showing parents and caregivers how to use everyday moments as touchpoints for these important safety talks. “We know child sexual abuse can be a challenging subject to navigate. The Hot Chocolate Talk How-to Guides help parents and caregivers take the guesswork out of knowing what to say and when to say it,” says Dr. Kim. “A shared treat can help create a more comfortable atmosphere. We encourage families to sit down over a cup of hot chocolate and start the conversation today.” Families can download the free How-to Guide at HotChocolateTalk.org, along with a variety of approachable, research-based resources that include guidance on how to respond to disclosure and how to identify signs of abuse. Tia Kim, PhD Bio: Vice President of Education, Research, and Impact. Dr. Tia Kim is a developmental psychologist, a parent-child relationship expert, and a mom of two. She believes in a strong family foundation, open lines of communication, and the critical role that parent-child relationships play in children’s safety and well-being. With her experience as a parent, education research scientist, and psychologist, Dr. Kim aims to provide families with simple, research-based tips and insights to help them start conversations about child safety. Dr. Kim began her career in academia but later decided she wanted to see her research in action helping children and youth. Today, she leads Committee for Children’s team of research scientists to develop and evaluate the quality, effectiveness, and impact of the organization’s social-emotional learning programs and family engagement work, including this year’s child sexual abuse prevention campaign, Hot Chocolate Talk. Dr. Kim received her doctorate in developmental psychology at the University of California, Riverside, and completed three years of post-doctoral training at the National Academic Centers of Excellence in Youth Violence Prevention. Before joining Committee for Children, she served as an assistant professor in human development and family studies at Penn State Brandywine. About Committee for Children: Committee for Children is a global nonprofit on a mission to ensure children everywhere can thrive emotionally, socially, and academically. Our founders designed our first program, Talking About Touching, to empower children to recognize, refuse, and report sexual victimization. We’ve broadened our scope throughout the past four decades to include bullying prevention programs, and today we’re best known for our innovative Second Step® social-emotional learning programs. Second Step programs blend research and rigor with intuitive design and reach more than 16.5 million children worldwide. Learn more about the work we do at cfchildren.org. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

April 05, 2022 02:00 PM Eastern Daylight Time

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ShipIn Systems Secures Funding for Innovative Visual Fleet Management Platform from Munich Re Ventures

ShipIn

ShipIn Systems, the world’s first Visual Fleet Management Platform, today announced an investment by Munich Re Ventures, the venture capital arm of Munich Re Group, one of the world’s leading providers of reinsurance, primary insurance, and insurance-related risk solutions. “By partnering with Munich Re Ventures, we are helping to build a safer and more productive future for the maritime industry,” said Osher Perry, Co-Founder and CEO of ShipIn Systems. “The reality is that as ships are getting bigger, crew are getting smaller. ShipIn’s mission is to give seafarers the advanced digital tools required to do their jobs better and fleet managers the experience and benefits of working ‘shoulder-to-shoulder’ with their seaborne teams. We believe every ship will have Visual Fleet Management in the near future.” By deploying AI-powered cameras and real-time visual analytics, ShipIn proactively alerts shipowners, managers, and seafarers to onboard anomalies around bridge activities, safety and security, cargo operations and maintenance. With real-time notifications, benchmarking of vessel performance, and remote audits, ShipIn delivers a reduction of 40% in incidents and increase of cargo operations efficiency by 8%, directly improving financial performance of global fleets. "By investing in ShipIn, Munich Re Ventures has clearly shown their belief in the platform and the power it has to reduce incidents onboard ships, making voyages safer with AI technology,” said Dr. Kirsi Tikka, ShipIn Advisor and Maritime Leader. “I can foresee a future where having ShipIn onboard may reduce the cost of insurance for ship owners and will benefit the insurance industry as well." The maritime industry transports more than 90% of the world’s goods and energy, accounting for $14 trillion in world trade. The partnership with Munich Re Ventures will support ShipIn’s expansion, broadening access to Visual Fleet Management for fleets worldwide. “ShipIn’s patented platform brings the vision and capability to support the broader digitalization of the marine and cargo shipping industry,” said Timur Davis, Investment Principal, Munich Re Ventures. “We see this trend as an important enabler for marine organizations to make more informed decisions in managing assets at sea. Munich Re Ventures looks forward to collaborating with ShipIn to reduce incidents on a ship, improve overall safety and operations, and ensure effective and timely resolution to on-board incidents.” With more than $1 billion in assets under management, Munich Re Ventures invests in the most innovative startups engaged in developing new technologies and business models that will transform the future of risk and risk transfer. With its inaugural maritime investment, Munich Re Ventures supports a future of marine insurance and reinsurance driven by ShipIn’s innovative AI solutions to de-risk the future of transportation. “It’s clear to see the potential in ShipIn’s advanced AI technology for the maritime industry.” said Ronald Kargl, Chief Underwriting Officer for Marine Reinsurance, Munich Re. “We’re excited to see a solution that can make shipping safer for all onboard.” ShipIn Systems is the world’s first Visual Fleet Management Platform, enabling seamless ship-to-shore collaboration for maritime fleets. By deploying AI-powered cameras and real-time visual analytics, ShipIn’s platform proactively alerts shipowners, managers, and seafarers to onboard anomalies, reducing incidents onboard and increasing cargo operations efficiency. Creating a digital bridge between ship and shore, ShipIn provides objective insights into safety, security, cargo operations, maintenance, and more. With all tracking rolling up to an analytics dashboard, the platform makes it easy to benchmark performance, conduct remote audits, and improve the operational ROI of your entire fleet. Learn more at ShipIn.ai. Contact Details ShipIn Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com

April 05, 2022 12:50 PM Eastern Daylight Time

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