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Weekday secures $2.2m funding as it tackles critical trust gap in hiring tech teams with its reference focus

Weekday

Sourcing talent has been challenging recently but hiring the correct talent has been painful for a lot longer. A key feature when hiring is the reference check process, which has become a redundant tick box exercise for recruiters and over 95% are not seeking references from their previous colleagues to gain insights into their past work performance and behaviors, and assess their suitability for the role. In addressing this pressing concern, Weekday has today launched from stealth with a $2.2m seed funding round to supercharge the hiring landscape through the power of trusted references. The funding round was led by Venture Highway with participation from several influential angel investors. Weekday is a Y-Combinator backed business. Founded in 2021 by Amit Singh, Anubav Malik and Chetan Dalal, Weekday has been operational in beta mode until today. Its genesis lies in the pain point the founders faced (in a previous startup) which centered on hiring a technology team. Despite the plethora of tools available, it took 3 months to find their first engineer but remained unconvinced. So, they turned to their network to get references which validated the individual and their skill set. This ended up almost doubling their candidate pipeline. Now, the three founders are productising the same approach of hiring with Weekday starting with a focus on tech hires. Weekday invites software engineers to connect their social graph (i.e. LinkedIn and Contacts) and gives them a readymade shortlist to refer talent to various companies. Weekday gamifies the experience and makes this unique data of references available for recruiters. Weekday hosts multiple people’s references and companies can utilize the “Backchannel” feature to get background references (from former colleagues) on every candidate they interact with; making hiring less about resumes and interviews; and more about real-life experiences and capabilities. For companies, Weekday is a sourcing engine on auto-pilot; where they can not only find candidates but also reach out to them automatically while getting reference checks on them in an instant. After 4 days of signing up, they start getting candidates suggestions with ready back channel references on their calendar to interview. Amit Singh, CEO and Co-founder of Weekday commented: “People check and rely on reviews nowadays for everything, be that going to a restaurant or buying anything on Amazon. But, when it comes to making the important decision of hiring someone, they are happy to rely on a self reported resume. We did a survey of more than 200 companies’ hiring process and while a majority did a basic background check on candidates (ie criminal record or whether they actually worked in their previous organization), less than 5% of companies use reference checks from previous colleagues to make their hiring decisions. This often leads to wrong hires. Eventually leading to firing; which ends up being detrimental to both employer as well as the employee. We want to change that. We want to solve the problem of lack of trust in the hiring process. We believe that a recruiting platform with “references” as the cornerstone is the solution that solves all these problems. We are what LinkedIn should have been.” Over 120 companies have used Weekday for their hiring needs. These recruiters are attracted because of the large pool of passive candidates (those who are not actively looking for a new role) who have been recommended by their peers which means the quality of candidates is much superior to any job board based platform. Moreover, with remote hiring on the rise, trust becomes even more important and so having references really matters to recruiters. “While most other company functions like design, product, dev tools, and sales have seen breakthrough products in the last 5-6 years, recruitment still hasn't. LinkedIn is a 20-year-old company that continues to be the de-facto platform for recruitment. We are partnering with Weekday as they try to change that” said Aviral Bhatnagar from Venture Highway Weekday is currently focused on companies hiring remote software engineers. Majority of these companies are headquartered in the US while the majority of the candidates are based in India and Southeast Asia. About Weekday Weekday is a Y Combinator backed startup solving for recruitment via its crowdsourced reference network. Weekday ( http://weekday.works/), helps startups hire engineers who are vouched by other software engineers. They have worked with over 100 companies (specializing in seed and Series A funded startups) and have helped them hire CTOs, Tech Leads, and Senior Software Engineers. They have worked with companies like Coinbase, Clipboard Health, AtoB, Daloopa, Zepto, Round Finance etc. Weekday is a sourcing engine on auto-pilot for these companies, that finds candidates as well as facilitates outreach to them; and sends interested parties to interview with ready references. Contact Details Weekday Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.weekday.works/

August 24, 2023 07:00 AM Pacific Daylight Time

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Foresight Announces Second Quarter 2023 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (the “Company” or “Foresight”), today reported financial results for the second quarter of 2023. Foresight ended the first half of 2023 with revenues of $55,000 and with $17.8 million in cash, cash equivalent, restricted cash, and short-term deposits. The Company reported a U.S. generally accepted accounting principles (“GAAP”) net loss of $6.1 million and a non-GAAP net loss of $5.6 million for the second quarter of 2023, compared to a GAAP net loss of $10.1 million and a non-GAAP net loss of $9.7 million for the second quarter of 2022, reflecting a decrease of 40% and 42%, respectively. “At the end of the second quarter, we recorded a significant milestone with the signing of our exclusive commercialization agreement with Elbit Systems Land Ltd. (“Elbit”) (Nasdaq and TASE: ESLT),” said Haim Siboni, Foresight’s CEO. “This agreement will put our technology directly in the hands of Elbit customers in the defense, paramilitary and homeland security industries. We believe that this is an important step forward for Foresight, as well as notable validation of our technology by one of the world’s leading defense suppliers. The commercialization agreement may result in revenues of up to $4 million over a five-year contractual period. “Foresight’s ongoing strategy of collaborating with global leading Tier One suppliers continues. During the second quarter, we signed a memorandum of understanding (MOU) with KONEC, a leading South Korean Tier One automotive supplier. This MOU is an important first step as we enter one of the world’s most important automotive markets, and it builds off our previous successes working with leading Tier One suppliers in Japan, China, Europe, and the United States. Tier One suppliers value the benefits of our 3D perception stereo vision solutions, and we expect this widespread interest to convert into paying customers in the coming quarters. Second Quarter Corporate Highlights: ● Foresight Secures Revenues of Up to $4 Million with Signing of Exclusive Commercialization Agreement with Elbit Systems: In July, Foresight announced the signing of an exclusive agreement with Elbit for the integration, marketing and licensing of Foresight’s image processing software solution. Foresight anticipates revenues of up to $4 million over a contractual period of five years, with minimum guaranteed revenues of $1 million over the same period. According to the agreement, Elbit will commercialize Foresight’s software solution in the form of a software license. Foresight’s solution will be offered to Elbit’s end customers as a component of advanced driver assistance systems (ADAS) for driving safety, as well as a solution for semi- and fully autonomous platforms used in unmanned combat and security ground vehicles in the defense, paramilitary and homeland security markets. ● Foresight Signs MOU with South Korean Tier One Supplier KONEC for Cooperation in ADAS and Autonomous Driving Solutions: In June, Foresight signed a memorandum of understanding (MOU) with KONEC, a South Korean Tier One automotive supplier. According to the MOU, Foresight and KONEC will collaborate to develop ADAS and autonomous driving solutions, which will expand KONEC’s product offering to global customers such as Hyundai, Tesla and Magna. The MOU represents Foresight’s first entry into the thriving South Korean automotive market. ● Foresight Regains Compliance with Nasdaq Minimum Bid Price Rule: In early May, Foresight received a letter from the Nasdaq Stock Market confirming that Foresight regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Foresight can now continue its listing on the Nasdaq Stock Market, and the previous matter of non-compliance is now closed. Second Quarter 2023 Financial Results Research and development (R&D) expenses, net for the three months ended June 30, 2023, were $3,150,000, compared to $2,806,000 for the three months ended June 30, 2022. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $335,000. Marketing and sales (S&M) expenses for the three months ended June 30, 2023, were $484,000, compared to $605,000 for the three months ended June 30, 2022. The decrease is mainly attributable to a decrease in professional services expenses in the amount of $62,000 and a decrease in payroll and related expenses in the amount of $63,000. General and administrative (G&A) expenses for the three months ended June 30, 2023, were $715,000, compared to $837,000 for the three months ended June 30, 2022. The decrease is mainly attributable to a decrease in professional services expenses in the amount of $78,000. Finance expenses, net for the three months ended June 30, 2023, were $1,715,000, compared to $5,991,000 for the three months ended June 30, 2022. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision Ltd. (“Rail Vision”) to its fair value in the amount of $1,666,000 for the three months ended June 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $5,588,000 for the three months ended June 30,2022. GAAP net loss for the three months ended June 30, 2023, was $6,064,000, or $0.02 per ordinary share, compared to a GAAP net loss of $10,116,000, or $0.03 per ordinary share, for the three months ended June 30, 2022. Non-GAAP net loss for the three months ended June 30, 2023, was $5,651,000, or $0.02 per ordinary share, compared to a non-GAAP net loss of $9,663,000, or $0.03 per ordinary share, in the same quarter last year. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. First Half 2023 Financial Results R&D expenses, net for the six months ended June 30, 2023 were $6,269,000, compared to $5,498,000 in the same period last year. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $592,000. S&M expenses for the six months ended June 30, 2023, were $1,188,000, compared to $1,229,000 for the six months ended June 30, 2022. The decrease is mainly attributable to a decrease in payroll and related expenses in the amount of $88,000, to a decrease in consultants in the amount of $88,000 offset by an increase in exhibitions, conventions and travel expenses in the amount of $116,000. G&A expenses for the six months ended June 30, 2023 were $1,573,000, compared to $2,025,000 in the same period last year. The decrease is mainly attributable to a decrease in professional services in the amount of $204,000 and from a decrease in payroll and related expenses in the amount of $115,000. Finance expenses, net for the six months ended June 30, 2023, were $1,655,000, compared to $3,519,000 in the same period last year. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $1,544,000 for the six months ended June 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $2,788,000 for the six months ended June 30,2022. GAAP net loss for the six months ended June 30, 2023 was $10,651,000, or $0.03 per ordinary share, compared to a GAAP net loss of $12,140,000, or $0.04 per ordinary share, in the same period last year. Non-GAAP net loss for the first half of 2023 was $9,894,000, or $0.03 per ordinary share, compared to a non-GAAP net loss of $11,191,000 or $0.04 per ordinary share, in the same period last year. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Balance Sheet Highlights Cash, restricted cash and short-term deposits totaled $17.8 million as of June 30, 2023, compared to $26.5 million as of December 31, 2022. GAAP shareholders’ equity totaled $18.9 million as of June 30, 2023, compared to $28.8 million as of December 31, 2022. The decrease is attributed mainly to the net loss for the period. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. Forward-Looking Statements 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. For example, Foresight is using forward-looking statements in this press release when it discusses the Elbit commercialization agreement is a validation of its technology by one of the world’s leading defense suppliers, the potential revenues that may be realized under that agreement, that Tier One suppliers’ interest in its products are expected to convert into paying customers in the coming quarters, that the ADS ratio change ensures that it will be able to focus on business expansion and technological innovation as the Company takes advantage of the transition to autonomous driving solutions. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight 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 Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight 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 have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC msegal@ms-ir.com 917-607-8654 About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

August 23, 2023 04:05 PM Eastern Daylight Time

With $2 Billion In Assets Under Management Across 57 Properties, This Company Targets An Essential Recession-Resilient Niche In The Real Estate Market

Benzinga

By Faith Ashmore, Benzinga Necessity-based real estate refers to properties that are essential for everyday living. This includes sectors such as healthcare facilities, grocery stores, multifamily housing and more. Investing in necessity-based real estate can be a great tool for investors to build stable diversification — a layer of resilience and a safeguard around their investments against market swings. Unlike other types of real estate, necessity-based properties tend to have consistent demand even during economic downturns. This relative stability in demand helps to mitigate the risks associated with market fluctuations, and investing in necessity-based real estate allows investors to diversify their portfolios. By including these stable and essential property types in their investment strategy, investors can minimize risk, safeguard their capital and achieve long-term financial resilience. First National Realty Partners (FNRP) is a renowned necessity-based real estate firm that has established itself as the leader and inventor of the specific industry. The company was the #1 privately-held acquirer of grocery-anchored retail real estate in 2022. With its unique and effective approach, First National Realty Partners utilizes its Dragnet Acquisitions Model to identify exceptional properties nationwide that align perfectly with their stringent investment criteria. Once these carefully selected properties are identified, FNRP initiates the acquisition process. Their team meticulously develops tailored business plans for each individual property, ensuring a comprehensive and strategic approach. Concurrently, they raise the capital required for the investment, leveraging their extensive network of investors. Upon completing the due diligence process in collaboration with industry experts and cultivated relationships, FNRP proceeds to close on the property and assume control. This is where their expertise shines as they deploy their team to each property, verifying the meticulous due diligence performed and engaging with existing tenants to solidify their business plan for the property's success. With full ownership in place, the team uses its in-house management approach to maintain cost control, seamlessly execute value-add initiatives and ensure high-quality standards are upheld. A History of Real Estate Success With an impressive track record of success, FNRP has established itself as the go-to investment firm for those seeking to navigate the ever-changing market and achieve long-term wealth preservation. With over $2 billion in assets under management, FNRP has consistently demonstrated its ability to deliver results for investors. Their portfolio boasts an impressive 57 current assets held, showcasing their expertise in identifying and acquiring high-quality properties that align with their investment strategy. Since its inception, FNRP has distributed over $100 million to its valued investors, a testament to their commitment to generating returns. Their successful growth is evidenced by the acquisition of over 11.5 million square feet of gross leasable area (GLA) across 23 states, solidifying their nationwide presence and extending their reach to diverse markets. What truly sets FNRP apart is its extensive network of 2,500+ accredited investors. This broad investor base reflects the trust and confidence placed in the firm by individuals who recognize their ability to consistently deliver solid opportunities for wealth creation and preservation. With its sector expertise, noteworthy track record, and commitment to excellence, FNRP stands as a leading necessity-based real estate firm. Learn more about FNRP’s upcoming deals here. 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

August 23, 2023 09:45 AM Eastern Daylight Time

VT Markets Provides Multi-Award Winning Brokerage And Top-Tier Forex Services For Over 200,000 Active Accounts — Traders Can Get Started In Just 5 Minutes

Benzinga

By David Willey, Benzinga VT Markets is a global, multi-asset brokerage company specializing in Contract for Differences (CFD) and Foreign Exchange Market (Forex) trading. The Australia-based company has spent almost a decade building an innovative and trusted brand for retail traders, with over 200,000 active clients from more than 160 countries, and an average daily trade volume of over 4 million trades every month — traders can open an account with VT Markets in as little as five minutes. Forex trading has reached new highs, with a daily turnover of $7.5 trillion in 2022, up from $6.6 trillion in 2019. There are approximately 10 million Forex traders globally. Brokerage firms like VT Markets can often help traders with everything from the mechanics of the trade to providing advice on how to make smart investment decisions. For traders, it is important to find a brokerage firm that they can trust and which has the financial instruments and the platform to support them in their trading. VT Markets’ Mission Of Accessible Trading VT Market is setting out to build a reliable, accessible platform that can serve all traders. Mobile app trading has been growing in popularity, with over $22 billion in revenue generated by app trading in 2022. Additionally, over half of all Forex traders prefer trading using a mobile device or app. VT Markets gives its traders a variety of platforms to choose from, including the popular MetaTrader 4 and 5 platforms, as well as WebTrader, WebTrader+ and the VT Markets app. The level of accessibility the platform offers is one of its key differentiating factors, with many competitors carrying far more restrictions on instruments and requirements. VT Markets provides its users with access to over a thousand financial instruments that allow them to trade almost every asset class — including Commodities, Gold and ETFs. The brokerage is the recipient of numerous brokerage awards, including Best Forex Broker Europe 2023 Awarded by Forex Awards, Fastest Growing Broker Europe 2023 Awarded by Global Business Review Magazine, Best Multi-Asset Broker MENA 2023 Awarded by International Business Magazine and more. The company believes all these awards are a recognition of its stated mission “to make trading easy and accessible for everyone.” VT Markets is looking to become one of the easiest-to-use trading solutions that provides retail traders with a comprehensive set of tools within a safe, regulated environment. This includes up to 500:1 trading leverage, a robust account management portal, and even potential extra trading bonuses. Getting started with VT Markets is as simple as 1) applying for an account, 2) selecting a payment method, and 3) begin trading with VT Market’s thousands of financial instruments across all asset classes. Traders can start an account in as little as five minutes – click here to create an account with VT Markets. Learn more about VT Markets by visiting its website. 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

August 23, 2023 09:45 AM Eastern Daylight Time

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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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

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