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Tag: Flagel Huber Flagel

Flagel Huber Flagel to build new office space in Troy Ohio.

Flagel Huber Flagel to build new office space in Troy Ohio.

May 15, 2024 Craig Etkin

Troy, Ohio — According to state and local development sources, Flagel Huber Flagel plans to build out new space in Troy. The company plans to occupy the new space at 1061 S Dorset Rd in…

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Rain, the employer-integrated earned wage access (EWA) and financial wellness app, announced today it has raised $75 million in Series B equity funding. The round was led by Prosus with additional participation from Nextalia Ventures, Spark Growth Ventures, and existing investors including QED, Invus Opportunities, and others. Following consistently high growth since its founding in 2019, this funding will help Rain scale its go-to-market machine and build new employee financial wellness solutions and new employer solutions.

In a statement Alex Bradford, Co-Founder and CEO said, “Rain is building the employee engagement app of the future centered around financial wellness. Rain makes it easy for employers to give their employees the freedom to access and manage their earnings on their own terms. Thanks to the support from Prosus, Nextalia and other investors participating in this round, Rain is in a strong position to scale to thousands of new employers and millions of new employees across the U.S.”

Rain is the one-stop-shop app for financial wellness and employee engagement. In addition to EWA, Rain offers other products including a deposit account and debit card, an overdraft fee avoider, a bill reducer, a tax filing tool, a financial education portal, in-app 1×1 financial coaching, an AI-powered financial wellness and job support agent, an off-cycle payments tool, and an employee rewards tool. Later this year the company is planning to launch innovative savings and credit products, and an employer messaging tool.

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Infinite Reality, an innovation company powering the next generation of digital media and ecommerce through extended reality, artificial intelligence, and other immersive technologies, announced today the company has entered into a definitive agreement to acquire Touchcast, a pioneering agentic AI company for $500 million in a combination of cash and stock. The acquisition is Infinite Reality’s largest yet, and the transaction agreement values the company at $15.5 billion.

Touchcast’s powerful agentic AI platform, known as Mentorverse, generates an infinite universe of specialized AI mentors who engage in natural, face-to-face video conversations and, unlike traditional chatbots or static web experiences, combine consistent personalities with deep domain expertise to deliver genuinely helpful guidance through natural, multimodal interactions. The integration of Touchcast’s technology across Infinite Reality’s portfolio of products and services will enable iR customers to tap AI agents for a number of tasks that drive user engagement, customer support, and sales.

Touchcast, built on OpenAI and delivered on Microsoft Azure via a $50 million strategic partnership, provides a suite of groundbreaking AI delivery systems that dramatically improve response times for AI interaction. For businesses, this means the ability to deliver seamless, human-like experiences while boosting efficiency and reducing costs—a vital edge in today’s competitive digital landscape.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Aurascape, an innovative provider of AI-native security, has announced its launch from one year of stealth operations with $50 Million in funding. Lead investors include Mayfield Fund and Menlo Ventures, along with a strategic set of investors such as Celesta Capital, security industry leaders, including former Palo Alto Networks CEO Mark McLaughlin, former Symantec CEO Greg Clark, the Chairman of Walden International Lip-Bu Tan, and former Zscaler Chief Strategy Officer Manoj Apte. Aurascape’s introduction to the market arrives amid strong company growth and the general availability of its AI Activity Control platform.

In a statement Moinul Khan, Co-Founder and CEO of Aurascape said, “AI is here to stay, and enterprises must implement strategies to monitor and protect AI use.” “Traditional security offerings were not designed for the ways AI applications operate, thus we see an unsolved need for comprehensive AI security today. This is why we tapped the brightest minds in the industry to re-imagine security for the AI era.”

Aurascape enables businesses to innovate fearlessly in the age of AI with a platform engineered for AI interactions. Driven by an AI-native engine, the platform provides unsurpassed breadth and depth of visibility and controls for every AI interaction. The Aurascape platform builds upon an AI-native foundation to safeguard AI activity. Established by a world-class team with deep expertise in security, AI, and networking, Aurascape clears the way for companies to maximize the potential of AI while minimizing security risk.

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