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Logitix Names former Amazon Web Services Executive Michael Ramirez as Vice President of Business Operations

Logitix

Logitix, the leader in live event ticketing technology and analytics, announced they have named Michael Ramirez as Vice President of Business Operations. Ramirez most recently worked with Amazon Web Services (AWS) as their Head of Worldwide Sales Strategy & Operations for Microsoft Workloads. As a result of Logitix's recent growth into more markets with broader offerings, Ramirez will focus on streamlining processes and workflows to maximize efficiencies and establishing KPIs that drive results for clients. Logitix manages millions of tickets for teams and properties from the MLB, NFL, NBA, NHL, and NCAA, plus live event properties across the music, performing arts, and entertainment industries. Its unique platform analyzes millions of real-time data points, providing up-to-the-minute insights within the live event marketplace. Logitix optimizes ticket sales outcomes for all partners through proprietary dynamic pricing and distribution. “As our operation at Logitix continues to expand, we are recruiting talented leaders from in and out of our direct industries,” said Logitix CEO Stu Halberg. “Michael enters the live event industry as one of the most respected leaders in business operations for technology giants. He will play an important role in helping our team sell more tickets in more places while optimizing ticketing revenue for our diverse portfolio of clients.” Before AWS, Ramirez built his career in technology and telecommunications, working with brands like Advanced Media Technologies, Inc., Deluxe Corporation, and AT&T (formerly BellSouth Corporation). He graduated from the University of Florida. About Logitix Logitix is the preeminent monetization engine and ticketing platform for the live event industry, combining optimized pricing, distribution, and inventory management with real-time insights to help sellers and buyers respond to a rapidly changing market environment. The Logitix vision is to automate the entire ticket life cycle and provide data-driven insights to serve the diverse needs of its clients. The company is backed by ZMC and is privately held. For more information about Logitix, visit Logitix.com or find them on LinkedIn. Contact Details Eric PR & Marketing, LLC Eric Nemeth nemeth@ericpr.com Company Website https://logitix.com/

August 23, 2023 08:20 AM Eastern Daylight Time

Portkey.ai secures $3M funding round as it enables any business to create AI apps faster

Portkey

Increasing competition and the viral popularity of ChatGPT is spurring businesses to launch AI apps but they face time and budget constraints in rolling these out. Helping businesses solve this bottleneck, Portkey.ai is today announcing a $3m seed funding round empowering engineering teams to build and launch generative AI apps faster. The funding round was led by Lightspeed with participation from angel investors, including prominent figures from AWS, OpenAI, Cloudflare, Postman, and Asana. Portkey.ai was founded in January 2023 by Rohit Agarwal and Ayush Garg. Both founders had worked closely together on product development and go-to-market for the AI products built on top of LLMs. Portkey.ai has built tools that allow businesses to monitor their language model operations (LLMOps), connect to multiple large language models (LLMs) efficiently, experiment, improve, and manage prompts effectively. It also offers deep integrations with players like OpenAI, Anthropic, Langchain, LlamaIndex and more.They already serve millions of requests a day for innovative Gen AI companies like Postman, Jio Haptik, Springworks and more through their full stack LLMOps solution. Rohit Agarwal, Co-founder, Portkey.ai commented: "Tech chiefs are facing a rush of demand from teams for AI apps that will save money without too much delay. But they cannot say yes to all their requests. There’s so much work to be done that there are often competing priorities and Portkey wants to help solve these dilemmas for tech teams. Our vision for Portkey has been to enable teams and companies to deploy Gen AI apps and features with confidence.” An enterprise building Gen AI features could use Azure & Llama2 with intelligent routing, save over 25% in budget spend with smart caching, and monitor all their requests for accuracy & latency. Building this platform internally would take months of work, various iterations and requires significant experience with LLMs, while getting all this ready with Portkey takes 2 minutes. Kartik Mandaville, the CEO of Springworks that’s building an AI-first employee help desk recalls his transformative journey with Portkey, "While developing Albus, we were handling over 10K questions daily. The challenges of managing costs, latency, and rate limiting on OpenAI were becoming overwhelming. It was then that Portkey intervened, providing invaluable support through its analytics and semantic caching solutions." Portkey.ai will use the fresh funding to scale the business (tech and people) while building new product capabilities. Dev Khare, Partner at Lightspeed, said “We are excited to partner with Portkey, as they supercharge teams developing, deploying and managing LLM-based applications and copilots for businesses and consumers. We are equally excited by the founding team of Rohit and Ayush whom we've known for the past decade through multiple 0 to 1 journeys.” Angel investor Sanjeev Sisodiya added: "We invested in Portkey as the team comes from a very small group of folks who’ve deployed and scaled LLM applications in production. They understand the challenges and opportunities in this critical area and I can't wait to see them bring this capability to the world's software teams." Portkey.ai has a global footprint, with a significant user base in the U.S. In the long run, the company aims to enhance AI application development for its fast-growing customer base. About Portkey Portkey.ai's current team of professionals with experience building and launching multiple generative AI apps, will use the new funds to continue research and build out the LLMOps stack. Key areas of exploration include real-time canary testing for continuous evaluation of models and prompts, and fine-tuning models, areas in which Portkey.ai plans to release new products in the near future. For more information about Portkey.ai, visit website at www.portkey.ai About Lightspeed Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, and Health sectors. Since 2000, Lightspeed has backed entrepreneurs and helped build companies of tomorrow, including Acceldata, Affirm, Acceldata, AppDynamics, Darwinbox, Hasura, Nutanix, OYO, Razorpay, Snap, Supabase, and Udaan. Lightspeed and its affiliates currently manage more than $18 Billion across the global Lightspeed platform, with investment professionals and advisors in India, Silicon Valley, Israel, China, Southeast Asia and Europe. www.lsip.com Contact Details Portkey.ai Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://portkey.ai/

August 23, 2023 08:00 AM Eastern Daylight Time

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Seeing Machines upbeat on growth trajectory and funding position

Seeing Machines Ltd

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone speaks to Thomas Warner from Proactive after the advanced computer vision technology company released a trading update for the year to 30 June 2023. The update revealed a robust top-line performance, with revenues exceeding expectations at $57.8 million, marking a nearly 50% increase from the previous year. McGlone highlights momentum in sales, emphasising the importance of annual recurring revenue from their fleet and aftermarket business, driven by connected vehicle support which reached $13.6 million—a 27% YoY rise. He also makes note of what he considers the company's strong balance sheet, with a cash position of $36.8 million and engagement in regulatory advancements worldwide, including in key market the US. McGlone expresses confidence in Seeing Machines' ability to sustain its current level of growth, particularly in the aftermarket sector and automotive business which is buoyed by increasing deployment of their technology in production vehicles. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 23, 2023 05:06 AM Eastern Daylight Time

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News Release

Presale for Borroe ($ROE) Exceeds Expectations with Stellar Performance Raising $500,000 so far

Blockchain Digest

The second half of 2023 started on a bullish tone, with confident cryptocurrency investors ready to venture into the latter half of the year. But, the market took a bearish turn as July ended, causing a drop in the value of most cryptocurrencies as they transitioned into August. Despite this trend, Borroe ($ROE) emerged vigorously towards the end of July. During this period, Borroe ($ROE) successfully sold 25 million tokens, generating $250,000 in funds, and recorded an impressive 25% surge in value within only five days. Since then Borroe has raised over $500,000. These statistics already prove that Borroe ($ROE) is among the best crypto to buy currently. >>BUY $ROE TOKENS NOW<< How Does Borroe ($ROE) Operate? Borroe ($ROE) came as an answer to the fundraising issues affecting web3 enterprises. Traditional financial institutions are still struggling with the understanding of the web3 space, making procuring funds from them an overwhelming task. Catering to the needs of modest-scale web3 businesses, Borroe ($ROE) offers a perfect solution that enables users to quickly generate funds by trading their pending and future earnings. Through Borroe ($ROE), users can transform their upcoming subscriptions, royalties, digital payments, and invoices into NFTs (non-fungible tokens). These invoice NFTs can then be sold to communities that offer their backing at discounted rates. Enthusiastic buyers who are familiar with and have affinity and confidence in a brand can buy these NFTs, thereby offering immediate financial support to the business or creative endeavor. Purchasers can trade these NFTs on secondary markets using a robust peer-to-peer (P2P) mechanism. Borroe ($ROE) integrates AI-powered risk evaluation, blockchain innovation, and smooth payment methods into its infrastructure, ensuring a trustworthy, protected, and simple fundraising process. Also, buyers can use AI credit ratings and evaluate business financial histories to refine their search for the best-discounted NFTs. Being a web3 enterprise, Borroe ($ROE) offers scalability, minimal fees, and a straightforward fee model. Selling discounted NFTs for up to a year's income is possible, depending on a business’ AI credit rating. Hence, buyers benefit from low-risk investments since Borroe ($ROE) scrutinizes income sources before loan approval. On that note, for anyone wondering which crypto to buy, Borroe ($ROE) is a great long-term investment due to its utility in the Web3 space. Borroe ($ROE) Raised $250,000 within Five Days In the final week of July 2023, Borroe ($ROE) attracted many investors after achieving a remarkable milestone. The platform put up 25 million Borroe ($ROE) tokens for sale in its presale beta phase, with each token priced at $0.0100. These $ROE tokens sold out within just five days. Despite the bearish cryptocurrency market conditions, Borroe ($ROE) successfully generated $250,000, sending the token into its initial presale stage. In Stage 1 of its presale, Borroe ($ROE) listed 70 million tokens, with over 45 million tokens already sold. The current price for Borroe ($ROE) is $0.0125 and is expected to increase to $0.0150 as the token moves into Stage 2 of its presale. As per analysts' projections, Borroe ($ROE) is expected to complete all its presale stages in 2023, given its current sales speed. Investors can buy Borroe ($ROE) using USDT, USDC, ETH, BNB, credit cards, and several other user-friendly methods. Once it hits the mainstream cryptocurrency market, Borroe ($ROE) is scheduled to achieve a value of $0.0400 and will be listed on major cryptocurrency exchanges. This projected price movement is expected to trigger a massive surge, resulting in significant appreciation in the value of tokens for early Borroe ($ROE) investors. As expected, analysts and experts agree that Borroe ($ROE) is the best crypto investment opportunity in 2023. Learn more about Borroe ($ROE) here: Visit Borroe Presale | Join The Telegram Group | Follow Borroe on Twitter. Contact Details Borroe PR Team press@borroe.finance

August 22, 2023 06:19 PM Eastern Daylight Time

News Release

Monero (XMR) and InQubeta (QUBE) See an Increase in Demand. Crypto Ruble gets first test

Blockchain Digest

Central bank digital currencies (CBDCs) are rising, and Russia's Central Bank has joined the trend. The institution began its pursuit to integrate its CBDC into the payment system to improve financial transactions. In recent developments, Russia's Central Bank has started real-world preliminary tests on banks. This collaboration is a good sign for the crypto industry's entry into real-world commerce. In addition, InQubeta (QUBE) and Monero (XMR) are two assets whose unique offerings hold strong to fuel the market's growth. InQubeta is an AI-based cryptocurrency that introduces a mix of blockchain technology and artificial intelligence to raise capital for AI startups. The project's presale has garnered substantial attention from investors looking for the best DeFi crypto to invest in. Monero is a project that leverages blockchain technology to enhance privacy and anonymity for user transactions. This article discusses why InQubeta's presale and Monero hold firm in light of Russia's crypto ruble tests. Visit InQubeta Presale InQubeta's (QUBE) Unique Tokenomics Is Revolutionizing AI Investment Cryptocurrency adoption has become more mainstream, with investors flocking into the space. InQubeta is one of the best coins to invest in because it's not just gaining momentum; it's also climbing the ranks as the most reliable AI investment platform. The QUBE presale holds strong as it witnesses widespread adoption by savvy investors who have seen its potential. The presale is currently in stage 3, with the QUBE DeFi token price at $0.0112. The ongoing presale has seen more than 280 million tokens sold. With over $2.2 million raised in funding, this DeFi token has cemented itself in the good books of crypto enthusiasts. Institutional investors and organizations looking for promising long-term projects can look to InQubeta's innovative features to consistently deliver. InQubeta enables fractional investment in AI startups to remedy the limitations of traditional investment systems. The fractional investment mechanism allows prospects to contribute to promising projects in a budget-friendly manner. The investments made are minted into NFTs and sold on QUBE's popular NFT marketplace. The marketplace is where startups raise funds and offer rewards to investors. Traders who want to partake in the advancement of these innovative enterprises can select from a variety of unique NFTs on the market. In return for supporting their projects, AI startups can offer these investors rewards. InQubeta's popular NFT marketplace fosters a mutually beneficial relationship for startups and prospects. QUBE's deflationary nature maintains its value with a 2% tax on all purchases going to a burn wallet. This system benefits investors' portfolios as it retains its value over a long period. Staking QUBE tokens is also an excellent way for investors to receive incentives, with a 5% sales tax added to the platform's reward pool. InQubeta is one of the best coins to invest in owing to its futuristic approach toward AI advancement globally. Visit InQubeta Presale Monero (XMR) Is Leading The Growth Of User Anonymity And Privacy Monero is a privacy-focused cryptocurrency designed to improve user independence and anonymity. Monero runs with the vision of providing equal opportunities for investors. With its native token, XMR, holders can mine the token without needing special hardware. XMR runs on an opaque blockchain that disguises the transaction details and the addresses members use. Trading in the project is also affordable, as its users don't need to pay transaction fees. Monero holds strong against other tokens in the space due to its strict focus on security, and institutional investors who want to shield their information can opt for XRM. Conclusion Russia's Central Bank's strategic move to infuse digital currencies proves the growth and viability of the crypto space in the global industry. By leveraging digital assets, the institution hopes to ensure that clients' transaction paths are smooth and convenient. InQubeta and Monero are assets whose real-world applicability turns the tides in their favor. InQubeta is the best DeFi crypto to leverage for investors who want a stake in the advancement of AI. The project's ongoing presale and the proposed roadmap's success speak volumes about its growth potential. The QUBE presale is still in its early stages, and investors shouldn't miss out on this opportunity and gain the benefits of being early backers. Take advantage of InQubeta's presale! Visit InQubeta Presale Join The InQubeta Communities Contact Details InQubeta marketing@inqubeta.ai

August 22, 2023 06:15 PM Eastern Daylight Time

News Release

Which One Is A Must-have Crypto For 2023 - TRON (TRX), Polygon (MATIC), or Everlodge (ELDG)

Total Media

There are a few rare projects that alter the landscape of the crypto world with their massive growth potential. Everlodge is one such project that is likely to become a market titan in the coming weeks. If you are looking for profitable crypto options, you must invest in this new project. On the other hand, long-standing projects like TRON (TRX) and Polygon (MATIC) have struggled to strike a balance in their market performances. Join the Everlodge presale and win a luxury holiday to the Maldives TRON (TRX) Falls Despite Network Growth Despite noticing some network growth, the trading price of TRON (TRX) has declined by more than 7% in the past month. As a result, TRON (TRX) is currently changing hands at $0.0774. To tackle the prevailing bearish market conditions, TRON (TRX) has taken some development measures. Recently, TRON (TRX) announced its use of the Web3 Node Engine Service of Huawei. Interestingly, TRON (TRX) is one of the first blockchains to embrace Huawei’s technology. With this, TRON (TRX) aims to connect developers to blockchains, and help them build dApps more efficiently. By market capitalization, TRON (TRX) is currently in the 11th position. y00ts NFT Collection Leaves Polygon (MATIC) Polygon (MATIC) is going through a prolonged bearish phase. The sudden exit of the NFT collection, y00ts, from the Polygon network is the primary reason behind the recent fall of MATIC. Notably, y00ts had recently shifted to Polygon (MATIC) from Solana, and was one of the most successful NFT collections on the network. However, Polygon (MATIC) has found support in the Reddit Collectible Avatars, which has registered a growth in sales. The Polygon (MATIC) community hopes that this Reddit-based NFT collection will attract more users to the network. However, the price trajectory of Polygon (MATIC) has moved downward by 23% in the past month. Consequently, the trading price of Polygon (MATIC) has now dropped to $0.5865. Everlodge (ELDG) Captures All Market Attention The real estate industry is one of the most profitable, and safest investment assets. To make this industry more accessible to investors, Everlodge has developed a new blockchain platform. It is a state-of-the-art Web3 platform that allows users to own holiday homes, and luxurious hotels. Notably, the market size of global vacation rentals can grow at a CAGR of 4.7% by 2030. Hence, this new project can do wonders over the coming years. Here, people can own a luxurious villa for as low as $100, and in the simplest possible way. The platform mints NFTs against real estate properties, and fractionalizes them to make it accessible to small and retail investors. Besides, people who co-own properties can use their NFTs as collateral to get a loan. Users could also trade their NFTs on the secondary marketplace of the platform, or any ERC20-compatible marketplace. The platform has announced plans to launch a Launchpad, wherein developers will get an opportunity to raise capital for new projects. Everlodge has ELDG as its native token, and its presale has started. Currently, the purchase price of a token is just $0.01. However, as per analysts, the token’s market value can explode by 280% during the presale round, and 30x upon launch. Moreover, the token holders will receive multiple benefits that include discounts on trading fees, and staking rewards. Considering the demand for this project, it can raise $12 million during its presale. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge Team marketing@everlodge.io

August 22, 2023 06:05 PM Eastern Daylight Time

News Release

Headline

Total Media

There are a few rare projects that alter the landscape of the crypto world with their massive growth potential. Everlodge is one such project that is likely to become a market titan in the coming weeks. If you are looking for profitable crypto options, you must invest in this new project. On the other hand, long-standing projects like TRON (TRX) and Polygon (MATIC) have struggled to strike a balance in their market performances. Join the Everlodge presale and win a luxury holiday to the Maldives TRON (TRX) Falls Despite Network Growth Despite noticing some network growth, the trading price of TRON (TRX) has declined by more than 7% in the past month. As a result, TRON (TRX) is currently changing hands at $0.0774. To tackle the prevailing bearish market conditions, TRON (TRX) has taken some development measures. Recently, TRON (TRX) announced its use of the Web3 Node Engine Service of Huawei. Interestingly, TRON (TRX) is one of the first blockchains to embrace Huawei’s technology. With this, TRON (TRX) aims to connect developers to blockchains, and help them build dApps more efficiently. By market capitalization, TRON (TRX) is currently in the 11th position. y00ts NFT Collection Leaves Polygon (MATIC) Polygon (MATIC) is going through a prolonged bearish phase. The sudden exit of the NFT collection, y00ts, from the Polygon network is the primary reason behind the recent fall of MATIC. Notably, y00ts had recently shifted to Polygon (MATIC) from Solana, and was one of the most successful NFT collections on the network. However, Polygon (MATIC) has found support in the Reddit Collectible Avatars, which has registered a growth in sales. The Polygon (MATIC) community hopes that this Reddit-based NFT collection will attract more users to the network. However, the price trajectory of Polygon (MATIC) has moved downward by 23% in the past month. Consequently, the trading price of Polygon (MATIC) has now dropped to $0.5865. Everlodge (ELDG) Captures All Market Attention The real estate industry is one of the most profitable, and safest investment assets. To make this industry more accessible to investors, Everlodge has developed a new blockchain platform. It is a state-of-the-art Web3 platform that allows users to own holiday homes, and luxurious hotels. Notably, the market size of global vacation rentals can grow at a CAGR of 4.7% by 2030. Hence, this new project can do wonders over the coming years. Here, people can own a luxurious villa for as low as $100, and in the simplest possible way. The platform mints NFTs against real estate properties, and fractionalizes them to make it accessible to small and retail investors. Besides, people who co-own properties can use their NFTs as collateral to get a loan. Users could also trade their NFTs on the secondary marketplace of the platform, or any ERC20-compatible marketplace. The platform has announced plans to launch a Launchpad, wherein developers will get an opportunity to raise capital for new projects. Everlodge has ELDG as its native token, and its presale has started. Currently, the purchase price of a token is just $0.01. However, as per analysts, the token’s market value can explode by 280% during the presale round, and 30x upon launch. Moreover, the token holders will receive multiple benefits that include discounts on trading fees, and staking rewards. Considering the demand for this project, it can raise $12 million during its presale. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge Team marketing@everlodge.io

August 22, 2023 05:57 PM Eastern Daylight Time

News Release

Xigem Technologies provides update on acquisition of EchoDigital

Xigem Technologies

Xigem Technologies CEO Brian Kalish joined Steve Darling from Proactive to shed light on the company's latest venture: the acquisition of EchoDigital, a robust SaaS-driven AI platform focused on automotive shopping and delivery. This strategic move has already begun bearing fruit as Xigem received noteworthy results from the newly acquired asset in the initial quarter of 2023. Following the successful acquisition, and in alignment with the stipulated royalty and service-oriented management arrangement, EchoDigital swiftly contributed to Xigem's financials. Impressively, the platform generated gross sales amounting to $439,684, with net sales of $13,191. These early figures underscore the potential and viability of this business endeavor. In addition to this achievement, Xigem faced an interesting development involving one of its vendors. This vendor's entire share portfolio was acquired by Carnance Inc., a reputable player in the market for new and pre-owned vehicles, duly registered with the Ontario Motor Vehicle Industry Council. This transaction carried with it the seamless assumption of all existing obligations, including the royalty and service-centric management agreement and loan agreement inked between Xigem and the vendor during the initial acquisition. As a corollary of the Carnance Transaction, Xigem anticipates a temporary halt in EchoDigital's performance, followed by a prospective resumption in the latter part of its third fiscal quarter or the outset of the fourth quarter in 2023. This intermission is attributed to the procedural transition of responsibilities resulting from the vendor's change in ownership. Despite this pause, Xigem remains enthusiastic about the future outlook of EchoDigital, projecting a positive trajectory as the business realigns and accelerates growth in the specified quarters. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 02:03 PM Eastern Daylight Time

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News Release

Cepton looking to capitalize on business initiatives as company delivers strong 2Q financials

Cepton Inc

Cepton Inc chief financial cfficer Hull Xu joined Steve Darling from Proactive to discuss the company's second-quarter performance. Cepton achieved a milestone by setting a new company record for shipments of its LiDAR technology, demonstrating its robust momentum in the automotive and smart infrastructure markets. Xu emphasized the notable achievement of Cepton, pointing out that the company is poised for a substantial increase in shipment volume in each successive quarter throughout the remainder of the year. He also highlighted a significant accomplishment within the company's portfolio, as Cepton is actively fulfilling a multi-million dollar tolling contract, underscoring its strong standing in the market. The company is on track to meet orders to support original equipment manufacturers' (OEM) start of production by the end of the year and has successfully delivered to General Motors with support from Koito, a strategic partner. Xu also provided insights into Cepton's Smart Infrastructure division. The company has secured its first production orders for lidar installations in multiple airports across the United States. Cepton is in advanced discussions to expand these projects to additional states and countries, showcasing the increasing adoption of its lidar solutions in various sectors. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:37 PM Eastern Daylight Time

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Technology

Logitix Names former Amazon Web Services Executive Michael Ramirez as Vice President of Business Operations

Portkey.ai secures $3M funding round as it enables any business to create AI apps faster

Seeing Machines upbeat on growth trajectory and funding position

Presale for Borroe ($ROE) Exceeds Expectations with Stellar Performance Raising $500,000 so far

Monero (XMR) and InQubeta (QUBE) See an Increase in Demand. Crypto Ruble gets first test

Which One Is A Must-have Crypto For 2023 - TRON (TRX), Polygon (MATIC), or Everlodge (ELDG)

Headline

Xigem Technologies provides update on acquisition of EchoDigital

Cepton looking to capitalize on business initiatives as company delivers strong 2Q financials