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Savi Raises $12M in Series A Funding for Cloud-First Video Platform

Savi Solutions

Savi, the cloud video and AI operations platform for distributed enterprise teams, today announced a $12M Series A funding round led by Next Coast Ventures, with participation from Rock Creek Capital and existing investors. The funding comes on the heels of Savi’s rapid growth due to customer demand for a true cloud video solution that not only meets the increasing demands of security and loss prevention teams but unlocks the power of video for the entire organization. As brands and restaurant, retail, hospitality, and convenience store operators look to the future unlocks that video is beginning to bring to their organization, they need a solution that meets their needs today but enables future technology adoption without onsite infrastructure changes. “In the hospitality industry, it’s essential to understand the culture and behaviors driving things at a store level,” said Josh Boshard, the COO of Savory Fund, who is responsible for the operations and technology teams at all of Savory’s 175 portfolio restaurants. “Savi is one of the few technologies that we deploy across all brands because their platform allows our entire organization to gain insight into store-level operations, and since they are truly cloud-based they’ve allowed us to adopt new advancements in video-related technologies affordably.” Other high-growth brands and operators like Savory Fund have chosen Savi to unlock the power of their video data at thousands of locations throughout North America, including Marco’s Pizza, Scooters Coffee, Good2go Gas Stations, Invicta Stores, and more. Savi will use this funding to expand into new markets, grow partnership and reseller channels, and continue innovating as the leading cloud video and AI platform today. Brock Weeks, the CEO and co-founder of Savi said, “Video has been trapped in onsite servers to serve as an expensive, reactive insurance policy for far too long. By fundamentally rearchitecting video to be cloud-first and free from deprecating on-site servers, Savi has affordably and permanently opened the door to video-centric operations today, and seamless adoption of future AI advancements.” As other technologies continue to advance at record-setting speed, Savi is leading the way in video-centric operations that combine true cloud video, connected data, and computer vision AI into a single platform to help modern multi-site teams transform physical and IT operations, increase profitability, and drive growth. Savi partners with industry-leading security integrators, MSP, and other IT resellers–united in a shared pursuit of providing their customers a platform to assist in growing efficient, sustainable, and durable businesses. Learn more about Savi’s partner program at https://getsavi.com/partners/. "Savi's innovative approach, combining cloud video, data integrations, and AI, marks a pivotal step towards transforming on-site customer experiences, boosting operational efficiency, and fortifying loss prevention strategies," said Thomas Ball, Co-Founder and Managing Partner of Next Coast Ventures. "We're incredibly excited to partner with Brock Weeks and the Savi team to drive significant advancements in these critical areas." About Savi Savi is the cloud-first video platform for modern distributed enterprise brands and operators, designed to streamline access to video, optimize physical operations, and grow profitability. Savi’s comprehensive product suite delivers a unified platform for emerging and established restaurants, convenience stores, and retail companies to save time, increase profitability, and ensure amazing customer experiences. Thousands of locations have switched to Savi to transform physical operations with future-proof cloud video, searchable data, and cutting-edge AI. Learn more about optimizing and growing a multi-site business at http://www.getsavi.com. About Next Coast Ventures Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs seeking to build innovative companies in big markets. With over $500 million in assets under management, Next Coast provides its growing group of portfolio companies with hands-on, company-building resources through its strong industry network and the founders’ own experiences as entrepreneurs and operators. Learn more at www.nextcoastventures.com. Contact Details Cameron Jensen cameron@getsavi.com Company Website https://getsavi.com/

January 09, 2024 09:00 AM Eastern Standard Time

Schedulefly Adds Industry Intelligence to Restaurant Employee Scheduling and Communication Platform

Vertical IQ

Schedulefly, a web-based platform that enables restaurants and other service-based businesses to schedule and communicate with their staff, recently incorporated Industry Intelligence from Vertical IQ into its scheduling software. This enhancement allows Schedulefly users to access Vertical IQ’s Industry Profiles on pertinent food and beverage niches such as Restaurants, Bars and Nightclubs, Breweries, Coffee Shops, Caterers, Golf Courses, Casinos and more. “We know that Schedulefly customers want to stay attuned to what’s going on in their industry in order to make informed decisions, but it can be tough for them to find the time to do this type of research,” explains Wil Brawley, co-owner of Schedulefly. “Vertical IQ’s Industry Intelligence is the best in the business, so giving our users easy access to these invaluable insights is another way we can help support our customers’ success.” Business owners within the hospitality industry who use Schedulefly are already realizing the benefits of the platform’s new content. "Having these industry reports consolidated in one easy-to-reach location alleviates the need to seek them out individually,” says Shaun Fiaccone, president of HumanKind Hospitality. “Doing so increases the likelihood that operators will consume the information and use it to make clear, data-driven decisions. This more efficient data flow also allows me more time to focus on other areas of my business, which is something we can all use." The Schedulefly integration marks a noteworthy new application of Vertical IQ’s Industry Intelligence, observes David Buffaloe, president of Vertical IQ. “Our product’s primary original target was financial services providers, but over the years, we have discovered countless sectors that can benefit from access to our industry insights,” Buffaloe says. “From insurance professionals and business advisors, to accountants and now, restaurateurs, just to name a few — the value of understanding the ins and outs of an industry — whether it’s your own or that of a client or prospect — can’t be understated.” ABOUT SCHEDULEFLY Serving thousands of customers across the U.S. and Canada, Schedulefly’s simple web-based platform enables restaurants, bars, breweries, boutique hotels and others in the hospitality industry to schedule and communicate with their staff. Schedulefly is fast, easy, engaging and fun, making life easier for business owners and their teams. Learn more at www.schedulefly.com. ABOUT VERTICAL IQ Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Industry Intelligence. Whether they’re pitching a local brewery or a national biotech company, successful sales, marketing and customer success teams use Vertical IQ to better understand a prospect’s or client’s business challenges before, during and after meetings. Covering more than 560 distinct industries, 3,400 local economies and more than 97 percent of the U.S. economy and Canada, Vertical IQ equips users with the confidence and credibility to make memorable first impressions and sustain enduring relationships. Contact Details Wil Brawley +1 704-906-2031 wbrawley@schedulefly.com Company Website https://www.schedulefly.com

January 09, 2024 08:00 AM Eastern Standard Time

Trust & Will Announces Earned Equity Investment Arrangement From Forecast Labs

Trust & Will

Trust & Will, the leading digital estate planning and settlement platform in the U.S., today announced that it has entered into an earned equity investment arrangement with Forecast Labs, a consumer venture group within Comcast. Previously, Trust & Will has raised more than $50 million in funding. Forecast Labs has worked with consumer fintech companies such as Acorns, Public, and Hippo. Founded in 2017, Trust & Will simplifies the process for people looking to create wills and trusts online, combining SOC 2-compliant technology with highly customizable estate plans that fit every budget. The company has helped more than 700,000 families as they begin to plan their future and look to settle the estates of loved ones. Last year, Trust & Will achieved certification as a B Corporation, further validating its mission to bring sustainable, socially responsible solutions to families in need. “We’ve quickly established ourselves as a driving force for the future of personal finance,” said Cody Barbo, CEO and Founder of Trust & Will. “As we look ahead at our goals for growth in 2024, I am excited to start working with Forecast Labs to put our business in front of more Americans who have otherwise been left out. Estate planning is too important of a topic for so many people to neglect until it’s arguably too late.” More than 60 percent of Americans don’t have a will in part because of the expenses involved. Trust & Will provides a less expensive alternative for digital-savvy consumers, catering its offering to local laws and suggested norms. With this investment, Forecast Labs will promote Trust & Will nationally via TV advertising to raise awareness of relevant financial considerations and to encourage interested consumers to sign up for the service. “Over the coming decades, we will witness the largest inter-generational wealth transfer take place in America. To seamlessly facilitate this transition, a modern, tech-enabled, accessible, and affordable estate planning solution is needed. We believe Trust & Will is best situated to be that solution at scale,” said Arjun Kapur, Managing Director at Forecast Labs. “With this investment, we will play a pivotal role in introducing Trust & Will to people who have otherwise been priced out of estate planning or have had to deal with outdated ways of managing their wills and trusts.” ABOUT TRUST & WILL Trust & Will is simplifying estate planning and settlement with attorney-approved, legally valid documents and processes designed to adhere to individual state guidelines. Since 2017, we’ve helped hundreds of thousands of Trust & Will members leave their legacy with an affordable way to create an estate plan or settle the estate of a loved one. Our platform uses bank-level encryption that protects customer data and complies with the highest security standards, including SOC 2 and HIPAA. Trust & Will is a certified B Corporation and is the official estate planning benefit provider for AARP members, along with several leading financial institutions, who all believe in our mission of helping every family leave their legacy. Trust & Will is an online service providing legal forms and information. Trust & Will is not a law firm and does not provide legal advice. Contact Details Trust & Will Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

January 09, 2024 07:25 AM Eastern Standard Time

Intel ushers in the AI PC Era at CES 2024

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

January 09, 2024 07:00 AM Eastern Standard Time

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5Scape VR Announces its Presale Going Live Today!

Spark Metro PR

In the thrilling realm of virtual reality (VR), 5th Scape stands as the gateway to the next big thing. Utilizing cutting-edge technology, 5th Scape promises a significant transformation in the online VR games platform niche, redefining the essence of immersive 3D gaming experiences. 5SCAPE Crypto Coins represent the first coins in the cryptocurrency world to offer exclusive access to premium VR content and devices, enhancing gaming experiences. Serving as a gateway to unlock special in-game features, these coins foster a dynamic community and present substantial growth potential within the virtual reality ecosystem. If you're interested in futuristic investment opportunities, cryptocurrency competes strongly with traditional avenues, and 5 Scape offers a rewarding future-proof investment. Click here to visit the 5 Scape Presale site Presale Countdown: 8 Hours Until Launch Prepare for an extraordinary journey into the limitless possibilities of virtual worlds! The 5th Scape team is thrilled to announce the presale launch happening TODAY in just 8 hours. This presale event introduces the 5SCAPE Coin, a token unlocking exclusive access to premium VR content, elevating gaming experiences to unparalleled heights. Get ready for an extraordinary journey into the limitless possibilities of virtual worlds! The 5th Scape team is thrilled to announce the upcoming presale launch, set to kick off in just 8 hours. This presale event introduces the 5SCAPE Coin, a token that will unlock exclusive access to premium VR content, elevating your gaming experiences to unparalleled heights. Presale Launch Details: Date: 09th January 2024 Time: 11 PM UTC +4 Total Funding Goal: $15 Million Click here to visit the 5 Scape Presale site 5SCAPE Coin - Your Key to Unmatched Virtual Reality Adventures At the center of the 5th Scape ecosystem, 5SCAPE coins are not just a currency but your ticket to a world where imagination meets innovation. As the presale events commence, game enthusiasts have the opportunity to be among the first to acquire 5SCAPE tokens, offering entry to exciting 3D VR games, powerful VR headsets with HDR quality, and ergonomically designed gaming chairs for utmost comfort during missions. Presale Highlights: The current price of 5Scape token at launch is $0.00187 Throughout all presale rounds, the 5scape token price is expected to appreciate by 400%, reaching a total value of $0.01. As the first VR ecosystem in the Ethereum crypto world, the 5th Scape project anticipates a reliable future without significant market competition. Early birds/Early enrollees will gain an exclusive advantage to access VR games and devices. Enjoy substantial discounts on all digital products with 5Scape tokens. Rest assured about data safety and confidentiality, protected by decentralized blockchain technology. Join Us in Redefining Reality 5th Scape is not just a project; it's a mission to reshape the virtual reality landscape. With a vision to be the forefront innovator in the VR industry, 5th Scape invites visionary investors, long-term investors, game developers, and gaming enthusiasts to join this thrilling and adventurous journey. Be part of the future of virtual reality gaming with 5scape. Don't Miss this fantastic opportunity to invest in 5th Scape, where technology and imagination converge to create a virtual world like never before. About 5th Scape: 5th Scape is a cutting-edge online VR games platform poised to redefine immersive gaming experiences. With the 5SCAPE Coin, 5th Scape offers exclusive access to premium VR content, animations, educational content, movies, and much more, creating a dynamic community within the virtual reality landscape. Follow 5thScape on social media for the latest updates: Twitter: @5th_scape Telegram: @fifthScape Discord: @5thscape Join the conversation using #5thScapeVR Contact Details Spark Metro Sumit Kumar +1 302-597-6768 sales@sparkmetro.com

January 09, 2024 04:53 AM Eastern Standard Time

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SolisMarkets Launches In-depth Free Video Courses, Focusing on Financial Literacy

Rev Up Marketers

SolisMarkets, a distinguished global asset management and banking platform, is amplifying its dedication to empowering individuals on their financial journey with the launch of a robust collection of educational resources. Recognizing the pivotal role education plays in navigating the complexities of financial markets, SolisMarkets has launched a series of comprehensive video courses strategically designed to cater to beginners and seasoned traders. These extensive video courses will be available for its registered users for free. Covering diverse topics, these in-depth courses provide valuable insights and practical knowledge crucial for anyone venturing into the trading world. The curriculum includes areas such as Forex Trading, Crypto Trading, CFDs, Commodity Trading, Stocks, Market Analysis, Trading Psychology, Trading Strategies, Social Trading, and Technical Indicators. SolisMarkets aims to foster financial literacy, considering education as not just a part of their strategy but as the primary goal for achieving financial success. Andre Van Zyl, CEO of SolisMarkets, emphasized the significance of these educational resources, stating, “ Our commitment extends beyond providing a trading platform. We want to equip our users with the knowledge and skills to make informed decisions. Education is the cornerstone of financial success, and it's our priority.” Accessing these educational video courses is seamless and accessible for registered users of SolisMarkets. Individuals interested in expanding their financial knowledge can visit the official registration page at https://www.solismarkets.com/academy, fill out the form to register, and gain instant access to the comprehensive video library. SolisMarkets encourages new or experienced traders to explore these educational video courses as a foundational step toward financial empowerment. By emphasizing education, SolisMarkets is dedicated to nurturing a vibrant community of traders with knowledge, enabling them to navigate the intricate landscape of financial markets with unwavering confidence. The platform envisions a collective of informed traders who grasp the complexities of trading and exhibit a profound understanding of market dynamics. Through this commitment to education, SolisMarkets aspires to foster an environment where novices or seasoned professionals feel empowered to make well-informed decisions, contributing to a resilient and knowledgeable community transcending the conventional boundaries of financial trading. This focus on education underscores SolisMarkets' mission to redefine the trader experience, elevating it beyond mere transactions to a collaborative journey of continuous learning and informed decision-making within the ever-evolving realm of financial markets. To register for the course, visit https://www.solismarkets.com/academy. For any kind of support or query, send an email to support@solismarkets.com. About Company: SolisMarkets, a global asset management and banking platform, prioritizes financial education, offering free video courses for traders worldwide. Through these comprehensive courses, SolisMarkets aims to cultivate a community of informed traders, fostering confidence in navigating the dynamic landscape of financial markets. SolisMarkets operates as Eklavya Asset Management, a fully regulated financial firm under the Financial Sector Conduct Authority (FSCA) of South Africa. The company upholds the highest standards of respect and diligence, ensuring honest and accurate customer support. Users can visit the official website https://www.solismarkets.com/ for any media or commercial inquiries. Contact Details SolisMarkets Andre Van Zyl support@solismarkets.com Company Website https://www.solismarkets.com/

January 09, 2024 03:52 AM Eastern Standard Time

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Days Away from Historic Bitcoin Spot ETF: Pullix (PLX) Presale Rockets Amid Market Excitement

Pullix.io

As the launch of the historic Bitcoin (BTC) spot ETF approaches, the crypto market is buzzing with anticipation. Amid this excitement, Pullix (PLX) has been making headlines with its ongoing presale, which is now in Stage 6. Raising over $3million and selling 60Million PLX tokens has made many experts foresee this altcoin becoming a 100x token in 2024. Let’s learn why. Bitcoin News James Seyffart said the SEC might start signaling Bitcoin (BTC) ETF issuers to prepare for approvals soon. In his newest tweet, he also foresees the official Bitcoin ETF approvals arriving around January 8 - 10. Regarding trading, the gap between it and approval orders may be measured in days. This news has sparked a frenzy, with the Bitcoin cryptocurrency seeing a 0.67% increase overnight. This DeFi coin surged from $40,813 on January 3 to $43,165 on January 4. With its trading volume above 100 and 200-day EMAs, the Bitcoin crypto may continue this bullish trend. Market analysts forecast Bitcoin will reach a value of $45,884.01 by the end of February 2024. Pullix (PLX): One of the Top Altcoins Meanwhile, Pullix (PLX) is gaining mass appeal as it has already provided early buyers with a 100% ROI. Countless individuals are flooding this crypto ICO event to purchase the PLX native token before its value continues pumping. This token will power the Pullix trading platform - a hybrid exchange that combines the best DEX and CEX features. As a result, you can find deep liquidity, low trading fees, and access to all asset classes (including cryptos) in one place. While this exchange is the main attraction, the Pullix team will also introduce other components in its ecosystem: Copy Trading: A feature in Pullix that allows users to replicate trades made by other traders within the platform’s ecosystem. Yield Farming: Engage in Yield Farming on the Pullix platform to generate PLX tokens by staking LP Tokens, contributing to liquidity. Lending Protocol: This feature within Pullix sets up money markets, creating lending and borrowing opportunities within the cryptocurrency domain. The PLX native token is the cornerstone of all these features and serves as the main currency on Pullix. By staking it, you will receive a percentage of Pullix’s daily revenue - thanks to its unique “Trade-to-Earn” model. For a fixed interest rate, you can even stake other cryptos with Pullix. The PLX token is currently trading at $0.08, and those who bought it early enjoy a 100% ROI. However, thanks to its real-world ties to the Forex market, which sees a daily trading volume of $6.6T, PLX’s long-term growth potential is outstanding. Experts predict a 580% pump before the presale ends and another 100x jump after a Tier-1 CEX lists this altcoin. Can Pullix Rise Faster Than Bitcoin? When comparing these two cryptos, it is clear that Pullix has one significant advantage - its low market cap of $14M. On the other hand, Bitcoin has a market cap of $850B. This means a noticeable growth may not come fast as a large influx of new funds is needed. But PLX will not face this issue - making it the best crypto investment. For more information regarding Pullix’s presale see links below: Visit Pullix Join The Pullix Communities Pullix is a new DeFi protocol that is launching a hybrid exchange that will seamlessly blend the strengths of centralized and decentralized exchanges into one unified platform. Serving as the pioneer of “Trade-to-Earn” our native token $PLX empowers the community to earn a portion of the daily revenues generated by the exchange. Disclaimer: Digital currencies may be unregulated in your jurisdiction. The value of digital currencies may go down as well as up. Profits may be subject to capital gains or other taxes applicable in your jurisdiction. Contact Details Pullix Pr Team contact@pullix.io Company Website https://pullix.io/

January 08, 2024 06:01 PM Central Standard Time

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Innolux to Showcase a Series of Cutting-Edge Breakthrough Products Toward a Better Life

Innolux

LAS VEGAS, USA - Media OutReach Newswire - 8 January 2024 - Innolux will showcase the latest cutting-edge and breakthrough products and technologies in Las Vegas, U.S. from January 9 to 12. According to President James Yang, Innolux focuses on the development of display and integrating new technology; the company’s products and technologies can be broadly applied in fields such as healthcare, meetings, shopping and entertainment, thereby comprehensively maximizing convenience, security and recreation for the future. Innolux exclusively launches the world's first "53-inch QD Color Conversion AM-MicroLED seamless tiling display” Innolux MicroLED technology to create a new vision world of experience Innolux has launched the world's first “53-inch QD Color Conversion AM-MicroLED seamless tiling display," allowing displays of all sizes to be assembled through seamless tiling modules. Furthermore, this seamless tiling technology has the potential to meet the market demand for ultra-large, high-quality displays, ranging from 110 to 200 inches. The solution offers features such as high color saturation (1.07 times better than OLED), color uniformity, and high ambient contrast ratio (8 times better than OLED), which deliver high-quality images, among other advantages, even under standard lighting conditions. The solution provides excellent visual experiences, redefines the future of display technologies, and creates customer-specific artistic visualizations. Regarding production and development, Innolux has also upheld its commitment to corporate sustainability. This innovation not only pushes the boundaries of technology, but also revolutionizes the way we think about display technologies. To lead the display technology of automotive, Innolux presents "9.6-inch RGB MicroLED automotive display" which brings excellent high-definition, high brightness, high color saturation, excellent ambient contrast and high temperature resistance to in-car entertainment and information presentation. Innolux and its subsidiary CarUX jointly develop a new generation of automotive displays to create a new mobile experience for drivers and passengers. Innolux’s New Generation Display Products: Creating a New Wave of Immersive Experiences, Embracing the Metaverse and AI Integration Innolux has pioneered the world's only “27-inch Chat Display.” It features a built-in battery, allowing the TV screen to be easily moved around, and combines multiple functions such as chat, face recognition and portability, which provide more opportunities for users to interact with the display. From homes to lifestyle platforms and new areas such as education and training, social media interaction, marketing and sales and customer service, this technology has found diverse uses and embraced the applications of AI in the new era. The first of its kind in the industry—Innolux’s “ 31.5-inch Multi-Users N3D Display” —is a high-resolution panel with a special optical structure. Innolux’s exclusive N3D algorithm can effectively combat the discomfort caused by extended use of 3D screens. It can deliver a vivid 3D effect without the need for any wearable devices, enhancing users’ visual experience for advertising and gaming. The virtual life application market has been steadily emerging, with a growing demand for lightweight features and exceptional immersive experiences in head-mounted virtual reality displays. Innolux's lightweight VR product, the " Low Power High Dynamic Range 2117 PPI VR LCD, " not only boasts an increased 4K resolution but also incorporates several sustainable, low-carbon design elements. It features a high-frequency driver, a narrow bezel, and high dynamic range, aiming to deliver a highly immersive experience, high contrast, minimal dizziness, and no screen door effect. The ultimate goal is to present ultra-refined images for an enhanced VR experience. Innolux’s Main Exclusive Laptop Display Features: Pushing Boundaries with Lightness, High Brightness and Sensory Experiences The 16-inch High-Refresh-Rate MiniLED Backlight Panel launched by Innolux uses the advanced miniLED backlight technology and comes with a high refresh rate of 240 Hz, making it a pioneer product in high-tech visual experience. With extraordinary visual impact, it brings users one-of-a-kind experience, in terms of brightness, contrast, color gamut, and color saturation. More importantly, it has also achieved ultra-low power consumption. Whether in an indoor or outdoor environment under the sun, its display is clear and ready to deliver the most captivating visual enjoyment. In the meantime, it has incorporated carbon reduction design that embraces high efficiency and low power consumption. It is therefore, electricity saving and contributive to the protection of environmental sustainability. The brand-new 16-inch FHD+ PolarBlack Panel is produced with the exclusive breakthrough PolarBlack technology, delivering an unprecedented visual banquet to users. With high brightness and high contrast, details of the dark state are more prominent than ever, rendering more vibrant colors. Whether in a dusky environment at night, or in a bright sunny day, the PolarBlack Panel is able to portray pure dark state and more refined colors, such that details of the dark state are clearly showcased. As a result, it can give users a more immersive visual experience and become a pioneer in somber-blackness, leading the technological trend. The all-new 14-inch TED Super Low Power Panel is a trend-setting panel. By using less material and adopting the new-generation low-consumption backlight design, it successfully surpasses the backlight power consumption limitation in the industry, achieving an outstanding energy saving performance of 45%. This innovative panel technology is not only the embodiment of product advancement, but also a trend-setter for future sustainable products. Innolux’s 16-inch QHD+ 300Hz High-Resolution Esports Panel comes with an ultra-high refresh rate of 300Hz and response rate of 3ms, which is able to deliver lag-free and high-contrast immersive visual experience to high-end gamers. Using our exclusive backlight module technology, it can also save energy consumption by 45%, which is perfectly in line with sustainable design ideals, thereby bringing new breakthrough to esports. Contact Details Innolux Anita Chien anita.chien@innolux.com Innolux Iris Tsou iris.tsou@innolux.com

January 08, 2024 09:00 AM Eastern Standard Time

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Silicon Box Accelerates Industry Leadership With Production Commencement at its World Leading Advanced Packaging Facility and Series B Fundraising

Silicon Box

Company is leading the pack to bring affordable, high performance, power-optimized, scalable solutions that enable next-gen large language models (LLM), generative AI, automotive, data centers, and mobile computing SINGAPORE & LAS VEGAS, USA - Media OutReach Newswire - 8 January 2024 - Silicon Box revealed today that its advanced $2B packaging factory in Singapore has been in mass production for early customers since October 2023, shortly after the grand opening of the factory on July 20, 2023 ( Silicon Box launches $2B Advanced Packaging Fab ). The 750,000 sq. foot facility has ramped up hiring for 24/7 operations. The company is already forecasting high demand on existing capacity and has successfully closed Series B funding to expand production rapidly. Silicon Box was founded in 2021 by industry titans from semiconductor design and packaging. Co-founders Dr. Sehat Sutardja and Weili Dai previously founded and led Marvell Technology Group, where Dr. Sutardja was CEO and Ms. Dai was President, respectively. Co-founder and CEO, Dr. Byung Joon (BJ) Han, was formerly CEO of STATS ChipPAC (acquired by JCET in 2015) for twenty years. Dr. Sutardja and Dr. Han combined have more than 800 US patents and a long history of collaboration. Notably, Silicon Box brings effective chiplet integration capabilities, through its state-of-the-art factory in Singapore. The chiplet concept itself was introduced by Dr. Sutardja at the International Solid State Circuits Conference (ISSCC) in 2015, where he was plenary speaker. Dr. Han is the inventor of semiconductor packaging products, currently shipping over 100 billion annually in unit volume, including quad flat no-lead (QFN). "Silicon Box is well poised to solve the semiconductor industry's challenges for fast adoption of chiplet. We are leading the pack to bring high performance, power-optimized, affordable, and scalable solutions that enable next-gen large language models (LLM), generative AI, automotive, data centers, and mobile computing globally," said Dr. BJ Han. "Our state-of-the-art factory and advanced panel level packaging are delivering a solution to scale high growth markets, such as AI accelerators, to the masses. This is our first multibillion-dollar factory and we are eager to scale rapidly to support our customers and partners." Towards a Chiplet Future Silicon Box is set to bring about a revolution with its semiconductor package design and fabrication methods, from the most advanced AI or edge systems to the simplest circuits. Current semiconductor chips are hitting a wall in scalability, limited by conventional packaging approaches. Meanwhile, the development and manufacturing cost for chip designers have become cost prohibitive except for the most well-funded players, leaving the industry bottlenecked and consumers paying high prices. Silicon Box enables chiplet architecture, allowing chip designers freedom from the constraints of a single, monolithic chip for processing. By leveraging multiple smaller chips, interconnected in a single package, chip designers can create the equivalent of "system-on-a-chip" (SoC) in a package. Chiplets enable dramatically better performance, smaller device sizes, and better device reliability. Most importantly, they make it easier for foundries, chip designers, and OSATs to collaborate to build chips for the most cutting-edge applications. Additionally, Silicon Box's large production format sets a new industry standard for large scale, high yield production especially for advanced chiplet-based designs. The company's solutions are more reliable and cost effective due to the standardized packaging process for the shortest chiplet-to-chiplet interconnection, reducing the manufacturing costs for high performance devices by up to 90%, with better thermal and electrical performance. This is especially crucial for the high growth AI accelerator market. Expansion plans for the Singapore factory reflect the severe current shortage in advanced packaging solutions, and Silicon Box's commitment to enabling AI accelerator solutions and bringing them to the masses. Initial collaborations with customers have yielded groundbreaking results. "We're deeply excited to partner with Silicon Box. Their unique packaging approach has dramatically shortened our time to market, while allowing us to gain a significant lead on our competitors," assured Ravi Krishnamoorthy, Vice President and Managing Director at Zerro Power Systems, a developer of next generation controllers and drivers. Series-B Silicon Box announced a successful $200M Series B fundraising round, bringing the company to over a one-billion-dollar valuation. All three founders were investors in the round. Other strategic investors into Silicon Box include BRV Capital; Event Horizon Capital; Grandfull Convergence Fund; Hillhouse Capital; the corporate venture arm of Lam Research, Lam Capital; Maverick Capital; Prasedium Capital; Tata Electronics; TDK Ventures; and UMC Capital. "As we bump up against size and cost constraints in front-end SoC design, chiplet architectures are emerging as an innovative solution given their higher manufacturing yields and functional reuse of IP, among other benefits. Especially as industry standards align, chiplet adoption should grow rapidly," Andrew Homan, Managing Director and Technology Sector Head at Maverick Capital, explained. "Silicon Box is a key enabler of chiplet adoption, given its advanced packaging technologies that achieve industry leading interconnect density and power performance at a still cost-effective price point. We are committed to supporting BJ, Sehat, Weili and the Silicon Box team in catalyzing this important paradigm shift in chip production." TDK Ventures Investment Director Henry Huang commented, "The Silicon Box chiplet design is truly innovation at its finest. The company's recently opened 750,000 square foot facility has proven the concept is totally viable, and competitors in the industry have already taken notice. TDK Ventures is proud to be a part of their success and eagerly look forward to supporting their future endeavors." "Chiplets are the future and what Silicon Box has achieved for chiplet deployment, in a short time, already represents significant breakthroughs for the industry," said Kwan Yoon, Chief Investment Officer at BRV Capital. "Our team was impressed that Silicon Box delivered the most innovative solutions that are high performance, energy conscious, reliable and affordable while addressing such a key industry bottleneck. Silicon Box and its technologies are extremely important for the semiconductor industry, and the digital world." About Silicon Box Silicon Box is an advanced semiconductor packaging company, specializing in cutting-edge chiplet integration services. Founded in 2021 by Dr. BJ Han, Dr. Sehat Sutardja, and Weili Dai, the Singapore company is capable of collaborating on everything from initial design to final manufacturing of chiplets through its established relationships with best-in-class partners, has a track record of customer success and proprietary technology. Its state-of-art facility in Singapore provides advanced interconnection capabilities and demonstrates leadership in innovation at this critical epoch of semiconductor manufacturing technology. To learn more about Silicon Box, visit www.silicon-box.com/ Press and Interview Enquiries Janice Yeo / Vicki Yeo, Media Contacts | Email: media_enquiries@silicon-box.com Investor Enquiries Mike Han, Head of Business | Email: mike.han@silicon-box.com Contact Details Vicki Yeo and Janice Yeo media_enquiries@silicon-box.com

January 08, 2024 05:40 AM Eastern Standard Time

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