Ezra Raises $18M Series A Led By FirstMark Capital

NEW YORK, June 1, 2020 /PRNewswire/ — Ezra, the NY-based startup transforming early cancer screening using MRI and artificial intelligence, announced today that it has raised $18M in new funding led by FirstMark Capital, alongside new investors Jeff Raider and Dave Gilboa (co-founders of Harry’s and Warby Parker), Vlad Tenev (co-founder of Robinhood), Fred Destin (co-founder of Stride VC), and Andrei Dunca (co-founder & CTO of LiveRail). Existing investors Accomplice, Seedcamp, Credo Ventures, Founders Future, LDV Capital, Esther Dyson, Taavet Hinrikus, Daniel Dines, Dave McClure, and Jeremy Arditi also participated.

Ezra will use the new funding to expand its medical imaging AIs to make MRI-based cancer screening more accessible. The company is also rolling out Ezra COVID 360, a low-dose CT scan of the lungs to look for damage caused by COVID-19, paired with an antibody blood test to check for igG and igM antibodies. The new plan is designed for individuals who want to understand the potential long-term impact of COVID-19 on their lung health and check their antibody status. Ezra COVID 360 will be available for $390 in New York City starting June 1st, and the company is working on expanding the plan across California in the upcoming weeks. Ezra will offer 50 free plans to medical providers and first responders who have been on the frontlines of COVID-19.

“Our mission at Ezra is to help everyone in the world detect cancer early, and give individuals a path to longer, healthier lives through data and preventative care. More than 1.5 million people in the US have been infected with the coronavirus, and many of them may have long-lasting lung damage caused by the virus. The Ezra COVID 360 enables individuals to get a look inside their lungs, empowering them with the data necessary to make better decisions about their health,” said Emi Gal, CEO and co-founder of Ezra.

One in three people will be diagnosed with cancer during their lifetime, and more than half will discover it late. Ezra is improving early cancer detection through its proprietary full-body MRI scan that takes under an hour and screens for cancer in up to 12 organs. The company is also developing Artificial Intelligence designed to decrease the cost of MRI-based cancer screening. The first Ezra AI, created to assist radiologists in their analysis of prostate MRI scans, is currently under FDA review.

Ezra launched its MRI-based prostate cancer screening program in January 2019, and rolled out its full-body MRI scan in May 2019. Ezra partners with existing outpatient imaging facilities, and all Ezra scans are analyzed by board-certified radiologists. The company’s cancer screening programs are live in New York City, San Francisco, and Los Angeles through its partnership with RadNet, Inc., the nation’s leader in outpatient imaging. In 2019, Ezra helped 4% of its members – all of whom were asymptomatic – detect cancer.  

“At FirstMark, we look for ambitious founders building iconic companies that change the world. I am inspired by what Emi, Diego and their team have created, and look forward to building a meaningful, long-lasting company together,” said Rick Heitzmann, partner and founder of FirstMark Capital. Mr. Heitzmann will join the Ezra board of directors alongside Mr. Gal, Diego Cantor PhD, Ezra’s CTO and co-founder, and existing investor Ryan Moore, partner at Accomplice.

“I am thrilled to be partnering with FirstMark Capital and Rick Heitzmann for our Series A. Rick is one of the smartest, most thoughtful investors I have met and has a strong thesis on empowering consumers to take ownership of their health through data and preventative care. I look forward to building an important company together,” said Emi Gal, CEO and co-founder of Ezra.

About Ezra

Ezra is a healthcare technology company utilizing medical imaging and Artificial Intelligence to provide individuals with full-body cancer screening that is fast, accurate, and affordable. By advocating for early cancer detection as part of annual health screenings, Ezra is on a mission to create a new standard of preventative care, providing people with the necessary knowledge to make decisions about their health. Ezra is headquartered in New York, with R&D operations in Toronto. The company’s cancer screening services are available in New York, San Francisco, and Los Angeles.

For more information and to sign up for an Ezra membership, please visit ezra.com.
For press images, screenshots, and other visual assets, please visit our Dropbox.

About FirstMark Capital

FirstMark Capital is an early-stage venture capital firm based in New York City. Our mission is to partner with exceptional entrepreneurs who are changing the world by solving meaningful problems. We have built a deeply engaged community among the extraordinary teams in our network to spread ideas and opportunities. We are privileged to work alongside the founders of remarkable businesses like Pinterest, Shopify, Riot Games, InVision, Airbnb, and dozens more. Visit us in New York City or online at firstmarkcap.com and @firstmarkcap.

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Offering a Complete Professional Photography Experience, vivo Redefines Mobile Photography with Flagship X50 Series

SHENZHEN, China, June 1, 2020 /PRNewswire/ — vivo today unveiled the X50, X50 Pro, and X50 Pro+, the all-new vivo X50 series of flagship smartphones, which feature professional-grade camera technologies that revolutionize the mobile photography experience.

X50 series: stunning photography and sleek design

The X50 series is a realization of vivo’s commitment to user-centric design and innovation. Featuring cutting-edge stabilization, night mode, zoom, and portrait technologies, X50 series smartphones enable users to capture stable and high-quality images and videos in a wide range of scenarios, making every shot a masterpiece. The design of vivo’s X50 series draws from natural elements and futuristic aesthetics, aiming to complement the active lifestyles of consumers. With professional photography capabilities, stunning design, and smooth performance, the X50 series pushes the boundaries of high-end flagship smartphones.

“Guided by vivo’s deep insights into consumer needs, and underpinned by our advanced technology, we crafted the X50 series to provide a professional photography experience to our users. The X50 series’ stable shooting capabilities, outstanding lenses and sensors, and overall advanced camera system allow users to capture all of life’s stories with professional quality,” said Spark Ni, Senior Vice President of vivo. “As the first X series products that will be made available to international markets, we are excited to share the best of our innovative technology and design concepts with people around the world.”

Mobile Photography, Redefined

The X50 series integrates professional photography technologies. To reduce shaking, the main camera of X50 Pro is equipped with an industry-leading Gimbal Camera System, allowing users to take clear photos and videos while in motion, even at night. Modelled after a full-size professional gimbal, X50 Pro’s built-in gimbal module moves in the opposite direction of shaking motions, providing increased stability for the main camera. This system also widens the rotation angle and anti-shake area compared to popular stabilization methods, resulting in super clear images. The Gimbal Radar, an on-screen animated ball that reflects the gimbal’s movement, lets users know when the frame is stable. vivo’s motion-deblur algorithm, customized sensors, and continuous focus tracking further enhance image and video clarity.

The X50 series consists of true photography flagship smartphones. X50 Pro has a versatile camera setup with one front camera and four rear cameras. X50 Pro and X50 Pro+ both feature a periscope lens that supports 60x Hyper Zoom, and the main camera on X50 Pro+ features 1/1.3 inch ISOCELL GN1 sensor, leading to photos of breathtaking detail.

The X50 series features Super Night Mode and Astro Mode, which together enable users to capture stunning photographs of both city and country scenes at night, while Super Wide-Angle and Super Macro functions help create professional-quality photos in a wide range of scenarios. vivo’s Portrait Mode, powered by a 4-layer masking algorithm, allows users to separate the subject from the background and apply separate effects for a more refined result.

X50 Pro is equipped with a ground-breaking Gimbal Camera System, enabling ultra-stable photos

Sleek Performance and Design

In addition to its professional photography capabilities, the X50 series delivers overall flagship performance. The series supports 5G connectivity, allowing users to stay online with super fast speeds and low latency. Powered by the Qualcomm Snapdragon 865+X55 processor, X50 Pro+ provides fast computing speed and smooth multitasking capabilities. The series features a high screen refresh rate of 90/120Hz, displaying crisp images, movies, and games without smears or blurs.

Reflecting vivo’s design-driven innovation, X50 series smartphones are built with flexible screens, which are slimmer, lighter, and more durable than traditional screens. X50 is the slimmest 5G phone ever, measuring only 7.49mm thick. HDR 10+ technology delivers a bright and vivid display, and AG Frosting on the glass surface creates a soft and delicate touch. The Gimbal Camera System is also designed in the shape of an eye, serving as a unique design element on the rear of X50 Pro.

vivo TWS Earphone Neo Complement the X50 Series with Ultimate Audio

vivo is also launching the TWS Earphone Neo. Built to provide a high-quality audio experience that meets the needs of everyday music lovers, the wireless TWS Earphone Neo have a customized 14.2mm ultra-large driver unit, delivering a more powerful and full-bodied sound, as well as a bio-fiber composite diaphragm to enhance audio details. 

Designed with the needs of consumers in mind, TWS Earphone Neo also feature AI noise cancelling for clearer phone calls and several voice-activated smart controls. The earphones are powered by Qualcomm’s 4th-Generation TWS platform, the QCC3046, which offers low latency, high precision, and a stable listening experience, as well as the latest Bluetooth 5.2 technology with a maximum range of 10m. TWS Neo’s advanced features, along with its classic design and compact body, are a realization of vivo’s investments in Internet of Things devices. Like the X50 series, TWS Earphone Neo showcase vivo’s commitment to building design-centric devices that improve consumers’ lives.

About vivo

vivo is a leading global technology company that is product-driven with core businesses including smart terminals and intelligent services. vivo is committed to connecting users to the digital world by designing exciting and trendsetting smart mobile products and services which integrate technology and fashion in unique and creative ways. Adhering to its core values, which include “innovation” and “consumer orientation”, vivo has implemented a sustainable development strategy to achieve its vision of becoming a leading, long-lasting, world-class enterprise.

vivo’s headquarters are located in Dongguan, China, with 9 R&D centers in Shenzhen, Dongguan, Nanjing, Beijing, Hangzhou, Shanghai, Taipei, Tokyo and San Diego. These centers focus on the development of cutting-edge consumer technologies including 5G, artificial intelligence, photography, design and other emerging fields. vivo has also set up five production hubs across China, South Asia and Southeast Asia, which manufacture over 200 million smartphones every year. As of 2019, vivo has developed its sales network across more than 30 countries and regions, attracting more than 300 million active users worldwide.

To learn more, please visit http://www.vivo.com/ or stay informed of vivo’s news at https://www.vivo.com/en/about-vivo/news

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SOURCE Vivo

Gamification Market to Reach USD 37.00 Billion by 2027; Inclination towards Gamification Solutions for Promotional Purposes Will Facilitate Business, States Fortune Business Insights™

PUNE, India, June 1, 2020 /PRNewswire/ — The global gamification market size is expected to reach USD 37.00 billion by 2027, exhibiting a CAGR of 24.8% during the forecast period. The rising focus towards game-based learning solutions for training and recruitment processes will spur business opportunities for the market during the forecast period. Moreover, the companies are adopting gamification solutions to promote products and enhance customer relations, which, in turn, will augur well for the market in the forthcoming years, states Titled “Gamification Market Size, Share & COVID–19 Impact Analysis, By Deployment (Cloud, On-premises), By Enterprise Size (SMEs and Large Enterprises), By Application (Marketing, Sales, Product Development, Human Resource, Others) By Industry (BFSI, Retail, Government, Healthcare, Education and research, IT and Telecom, Others), and Regional Forecast, 2020-2027″ the market size stood at USD 6.33 billion in 2019.

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/gamification-market-100632

Market Driver:

Cumulative Investment in Immersive Technologies to Augment Market Sales

The growing investment by companies in augmented reality (AR), virtual reality (VR), and mixed reality technologies will subsequently foster healthy growth of the market during the forecast period. For instance, Amazon.com, Inc., and Walmart are utilizing the AR, VR and mixed reality technologies to revolutionize the shopping experience for customers. Similarly, numerous companies are perpetually investing in augmented reality gamification for training and learning purposes, which, in turn, will enable speedy expansion of the market. For instance, Walmart has announced its partnership with Strivr Labs, Inc. to offer training to its employees using VR technology. The training will be provided to the company’s main 200 centers across the U.S. to demonstrate employees about valuable customer service assistance. Walmart stores have around 17000 Oculus Go VR headset for conducting employee training equipped with Strivr training. In addition, the rising adoption of VR and AR technologies by eminent companies will significantly uplift the gamification market share.

The strategies adopted by companies to train employees through gamification software during the global crisis will simultaneously foster healthy growth of the market. Besides, the increasing focus on E-learning with training and learning modules for employees during COVID-19 pandemic will promote healthy adoption of gamification.

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Regional Analysis:

Heavy Demand for Customized Gamification Solutions to Boost Market in North America

The market in North America stood at USD 2.72 billion in 2019 and is predicted to grow rapidly in the forthcoming years owing to the rising demand for customized gamification solutions in the region. The well-established communication networks across large enterprises will aid the development in North America. The surge in online gamers in the US and Canada will contribute positively to the market in the region. The emergence of various online gaming solutions companies in the US and Canada will further boost the revenue of the market in the region. The rising presence of customer-centric companies such as Oracle Corporation, Cisco System, Salesforce, and others in the US will promote the market in the region. The penetration of smartphones and rising internet traffic across the retail & e-commerce sectors will favor growth of the market in North America. Moreover, the implementation of marketing and customer engagement services solutions such as NBCUniversal Media, LLC, Walgreens Co., eBay Inc., Adobe Inc by major companies will consequently create growth opportunities for the market.


List of the Key Companies Operating in the Gamification Market are:

Key Development:

April 2018: SAP SE announced that it has acquired Callidus Software, a sales performance management provider company. The SAP customer will get CallidusCloud customer relationship management (CRM) solution. CallidusCloud will offer an intelligent customer experience suite to the SAP customers. 

Quick Buy – Gamification Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100632

Detailed Table of Content

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
  • Global Gamification Market Analysis, Insights and Forecast, 2016-2027
      • Key Findings / Summary
      • Market Sizing Estimations and Forecasts – By Deployment
        • Cloud
        • On-premise
      • Market Size Estimates and Forecasts – By Enterprise Size
        • SME’s
        • Large Enterprises
      • Market Size Estimates and Forecasts – By Application
        • Marketing
        • Sales
        • Product Development
        • Human Resource
        • Others (Customer Engagement, etc.
      • Market Size Estimates and Forecasts – By Industry
        • BFSI
        • Retail
        • Government
        • Healthcare
        • Education and Research
        • IT and Telecom
        • Other
      • Market Analysis, Insights and Forecast – By Region
        • North America
        • Europe
        • Asia-Pacific (APAC)
        • Middle East & Africa (MEA)
        • Latin America (LATAM)

TOC Continued…!!!

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AI Trading Platform Tickeron Unveils Cryptocurrency Market Forecasting And Pattern Analysis

SUNNYVALE, Calif., June 1, 2020 /PRNewswire/ — Tickeron, an artificial and human intelligence platform delivering unparalleled trading insights and analysis, introduces its Intraday Pattern Feed for cryptocurrency trading. Paired with Tickeron’s Trend Prediction Engine, the Intraday Pattern Feed uses artificial intelligence to scan hundreds of cryptocurrencies in search of patterns which indicate buy or sell signals.

Tickeron’s technology has an established track record in the cryptocurrency market, which includes accurately predicting the 2018 Bitcoin crash within two percent of the actual decline. Three weeks in advance of the crash, Tickeron projected with 88.78 percent confidence that Bitcoin, which had been trading at over $11,000, would experience a 40.53 percent decline to prices below $6,000. The actual crash was remarkably close to their target, with prices at $6,914 resulting in a 39 percent decline. In this instance, the artificial intelligence was able to predict the crash by accurately identifying a “Broadening Bottom Pattern” that signaled the substantial drop in price that took place. All of Tickeron’s Bitcoin predictions, past and present, are available here.

The same valuable technology is making cryptocurrency trading analysis much more accessible to investors. Once the user selects patterns and choses their minimum confidence level, the work is done for them. Tickeron’s artificial intelligence then predicts breakout and target prices, backtests the pattern and provides other valuable cryptocurrency trading information. Founded by Sergey Savastiouk, who serves as the company’s CEO, Tickeron is a subscription-based market intelligence platform providing industry news and artificial intelligence-generated predictions.

“Our artificial intelligence has precisely predicted several major events in the cryptocurrency market,” said Savastiouk. “Crypto traders can now have the same artificial intelligence at their disposal to make informed trading decisions by discovering these patterns within the context of our exclusive, sophisticated algorithms and data analysis.”

About Tickeron: 
Tickeron is an artificial and human intelligence platform delivering unparalleled trading insights and analysis to self-directed investors and investment advisors. To learn more about Tickeron, please visit tickeron.com. Follow Tickeron on Twitter at @Tickeron.

The detailed charts provided by Tickeron are subject to certain limitations disclosed on tickeron.com that investors should review before making an investment. Tickeron’s investment advice relies on historical information. Past performance is not indicative of future results. Investing in securities involves significant risks, including the risk of loss of the entire investment.

Brian Hart 
Flackable 
(866) 225-0920 ext. 101 
brian@flackable.com 

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RSIP Vision Supports the CVPR Conference for the Fifth Consecutive Year with the CVPR Daily Magazine

SILICON VALLEY, Calif., June 1, 2020 /PRNewswire/ — RSIP Vision, a global leader in artificial intelligence (AI) and computer vision technology, and CVPR, the annual Computer Vision and Pattern Recognition conference, announced today the upcoming publication of the CVPR Daily magazine, which will accompany the international event for the 5th consecutive year.

CVPR is an annual meeting covering every aspect of computer vision and pattern recognition, machine learning, and artificial intelligence. Since the 2016 conference in Las Vegas, RSIP Vision has provided attendees with a daily magazine, CVPR Daily, packed full of highlights from the previous day and enticing previews of events to come.

CVPR Daily not only benefits those in attendance at the conference, but the community at large through a program called “Feel at CVPR as if you were at CVPR“, dedicated to scientists, scholars, and anyone with an interest in proceedings who could not attend in person.

This year, due to the ongoing global pandemic, CVPR 2020 will take place 14-19 June as a virtual event. Now more than ever, CVPR Daily is central to preserving components of the in-person attendee experience that everyone values.

It is inspiring and a real honor to meet thousands of the top minds of our generation every year,” declares Ralph Anzarouth, the editor of CVPR Daily. “At CVPR, we witness all the scientific progress that the field has to offer, presented to us by those who are making it happen. The logistics may be a little different, but this year’s event looks set to be as fascinating as ever, and our CVPR Daily magazine will continue to distill the best of the best for our readers.

Event Producer Nicole Finn says: “The CVPR Daily magazine is always a highlight of the CVPR annual conference! We look forward to continuing the tradition – fostering the excitement and sharing ideas and attendees’ contributions to the community through this publication.

Each year, CVPR Daily presents a host of exciting features and this year will be no exception. Readers can expect exclusive interviews with keynote speakers and senior professors; reviews and previews of oral and poster presentations; daily picks suggested by participants; and reports and news from workshops and tutorials.

Daily editions also regularly include interviews with “Women in Computer Vision” – female scientists sharing their work, career, experience and challenges with the community. There is a gender imbalance in the community, and this feature gives a voice to diverse role models who can serve as examples for younger scholars.

The daily magazine this year will be published on June 16, 17 and 18.

As well as CVPR Daily, RSIP Vision offers its parent publication, the renowned monthly magazine Computer Vision News, as a gift to the community. The July issue of Computer Vision News will include a BEST OF CVPR section, containing a selection of the top articles featured in CVPR Daily.

About CVPR 2020

CVPR is the premier annual computer vision and pattern recognition conference. With first-in-class technical content, a main program, tutorials, workshops, a leading-edge expo, and attended by more than 9,000 people annually, CVPR creates a one-of-a-kind opportunity for networking, recruiting, inspiration, and motivation.

CVPR 2020, originally scheduled to take place 14-19 June 2020 at the Washington State Convention Center in Seattle Washington, will now be a fully virtual event. Authors and presenters will virtually deliver presentations and engage in live Q&A with attendees.

For more information about CVPR 2020, the program, and how to participate virtually, visit http://cvpr2020.thecvf.com/.

About RSIP Vision

RSIP Vision is a global leader in artificial intelligence and computer vision technology. The company draws on a depth of knowledge and experience to provide customized development services, of sophisticated algorithms and deep learning technology, to the Healthcare companies.

RSIP Vision develops practical AI modules that ensure precision, reduce time to market, cut costs, and free the core R&D team staff for other endeavors, saving significant time and money and giving businesses a real edge over the competition. From research to customized algorithms development utilizing its diverse inhouse team of: Algorithm experts, computer science engineers, mathematics, physics, biomedical engineers, internal medical annotation team and inhouse radiologists.

RSIP Vision is headquartered in Jerusalem, with U.S. office in San Jose, CA. More information is available on the company website: https://www.rsipvision.com/

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SOURCE RSIP Vision

CareerGig Announces Initial Seed Funding Round with June Launch

ARLINGTON, Va., June 1, 2020 /PRNewswire-PRWeb/ — CareerGig, a SaaS-based marketplace that utilizes blockchain and other technologies to provide freelancers with competitive jobs and benefits, and employers with state of the art verification services, announces its initial seed funding round has closed, and that it will launch an initial set of offerings on June 15, 2020.

CareerGig provides freelancers with financial and insurance benefits that rival or surpass those of full-time employees, while connecting them with contract work from top employers around the United States. Unlike other platforms, CareerGig uses blockchain, artificial intelligence, and other technologies to verify and validate freelance employees so that companies can trust that they are hiring the best possible talent.

The June 15 launch will include a set of insurance benefits for freelancers, and a set of assessments and background checks for employers to provide contractors. This will be followed shortly by the launch of the CareerGig marketplace scheduled for mid-summer

“We are thrilled to be able to offer such a valuable platform for both freelancers and employers during a time when both flexibility and stability are so important to the success of individuals and the companies that hire them,” said Greg Kihlström, CEO and Co-Founder of CareerGig. “What’s more, our core philosophy of trust and validation using the best available technologies means that our platform is built with our customer’s data privacy and best interests in mind from the start. We look forward to the launch of our platform and are eager to share some of the other features we have in store.”

CareerGig has raised an initial seed round of funding as a self-investment from its co-founders, which will support the initial product launches and enable the company to grow its membership base.

ABOUT CAREERGIG
CareerGig is a technology platform and ecosystem that matches freelance and contract workers to top employers, and with independent access to health and financial benefits exclusively tailored for those in the gig economy. Powered by blockchain and AI technology, CareerGig provides employers the ability to hire qualified and verified talent through an accelerated and scalable state-of-the-art process. Contact us at careergig.com

 

SOURCE CareerGig

Remark Holdings Partners with Hanvon Technology to Win Phase 2 of China Mobile’s Smart Store Transformation

LAS VEGAS, June 1, 2020 /PRNewswire/ — Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (“AI”) solutions and digital media properties, today announced its partnership with Hanvon Technology, a publicly listed Chinese systems integrator, won the Phase 2 implementation of China Mobile’s contract for the transformation of its 17,800 corporate stores into smart retail stores.

With its advanced AI solutions for the field of smart retail, Remark’s China-based subsidiary, KanKan AI, partnered with Hanvon Technology to successfully win the second phase of China Mobile’s Smart Telecom Operator Store Project. The Deputy General Manager of Hanvon Technology Mr. Li Bin said, “Hanvon Technology and KanKan AI will strengthen our partnership with China Mobile as we were awarded the second phase of the project by jointly advancing the adoption of innovative AI technology for China Mobile’s Smart Telecom Operator Store Project.”

“KanKan AI is excited to continue our deep cooperation with Hanvon Technology. By combining their hardware expertise and sales channel with our advanced AI technology research and development, we expect the partnership will not only allow to us to win more contacts together with China Mobile, but also to expand our business in the smart telecom retail store market,” added Kai-Shing Tao, Remark’s Chairman and Chief Executive Officer. “China Mobile’s successful results from early Phase 1 implementations has resulted in an expanded commitment to our additional offerings. Our award winning AI solutions offer corporations a suite of applications that can be implemented in conjunction with existing security hardware.”

The project is expected to be delivered over the next two years. Phase 1 includes the upgrade of more than 17,800 stores across the entire country and is valued at $50 million to Remark. The second phase of the project will deliver an additional several million dollars to Remark resulting from a multi-year recurring software license for the new software application modules.

In the first phase of the project that KanKan AI and Hanvon Technology jointly won, facial-ID, traffic counting, and smart queue management systems have already been installed into operation. Among the installed systems, the Smart Queue Management System has been implemented in more than 2,000 stores across China, with a target of 5,000 stores by the end of 2020.  The smart queue management system allows China Mobile’s customers to use the company’s mobile app or WeChat to find the nearest stores using location-based technology, and then allows the customer to get the queue status of each store in real-time, and to get an electronic queue ticket for online queueing. The system helps to distribute customer traffic to different stores and uses electronic queue ticketing to replace traditional paper ticketing, leading to improved store operation efficiency and customer experience.

The second phase of the project adds incident detection functionalities, including the following:

  • Stranger intrusion alerting: generates a warning if unauthorized personnel trespass in monitored/sensitive areas.
  • Fire detection: signals if a fire or smoke is detected in monitored areas.
  • Object recognition and placement monitoring: alerts if an object is missing or moved from its original placement.
  • Overcrowding detection: counts number of visitors, and generates a warning if the number exceeds the given capacity.
  • Staff attendance management: monitors the duration of staff absence from appointed duties.
  • Customer loitering prevention: detects loitering times of individual visitors and groups of visitors in monitored areas, alerting management if times exceed predetermined thresholds.
  • Dress code compliance monitoring: the system automatically checks the dress code of staff, which is only allowed to begin a shift if standards are met.
  • Mask wearing compliance monitoring: during the period of the pandemic, the system generates a warning if personnel or customers are not wearing proper facial protection.

The incident detection module being implemented during the second phase uses front-end cameras to collect video data, uses AI algorithms to analyze the video input and automatically perform incident-detection functionalities, and supports a comprehensive 24-hour-per-day real-time monitoring program. The system immediately identifies abnormal events and behaviors, generates warnings in real-time, archives any evidence, sends notification to the operator, and establishes workflow automation for pre-event alerting, allowing for a fast response when events happen.

Alarm data such as event type, processing status, processed rate, event time is summarized and analyzed in real-time for determining related patterns. The backend of the smart management system can effectively gather the data of all stores. With the multiple dimension metrics from queue management, to store standardization, abnormal environment, incident analysis and others, the smart management level of the store has been greatly increased.

About Hanwang Technology Co., Ltd

Established in 1998, Hanwang Technology Co., Ltd. (Hanvon Technology) is the pioneer in character recognition technology and intelligent interactive products worldwide. Through continuous innovation over years, Hanwang Technology has a number of core technologies with independent intellectual property rights in the field of handwriting recognition, optical character recognition (OCR), and handwriting input. The company’s comprehensive technical power is in leading position both at home and abroad. The technology of handwritten Chinese character recognition won the first prize of National Science and Technology Progress Award, and OCR won the second prize of this same award. For additional information, please refer to http://www.hanvon.com/.

Remark Holdings, Inc. (PRNewsFoto/Remark Media, Inc.)

About Remark Holdings, Inc.

Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company’s easy-to-install AI products are being rolled out in a wide range of applications within the retail, financial, public safety and workplace arenas. The company also owns and operates digital media properties that deliver relevant, dynamic content and ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company’s website at http://www.remarkholdings.com/.

Forward-Looking Statements

This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings’ Annual Report on Form 10-K and Remark Holdings’ other filings with the SEC. Any forward-looking statements reflect Remark Holdings’ current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings’ estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.

Company Contact

E. Brian Harvey, Director of Capital Markets and Investor Relations
Remark Holdings, Inc.
ebharvey@remarkholdings.com
702-701-9514

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SOURCE Remark Holdings, Inc.

Papaya Global Adds Group 11 as a Strategic Investor

NEW YORK, June 1, 2020 /PRNewswire/ — Papaya Global, a leading global payroll and payment platform, is proud to announce today that Group 11, a leading, US-based fintech VC led by Dovi Frances, has joined the company’s investors. The investment was carried out through the purchase of secondary stock from existing shareholders. Last October, Papaya Global raised $45 million in a Series A funding round led by Insight Partners, with participation from Bessemer Venture Partners and existing investors New Era Capital Partners and Dynamic Loop Capital (Sir Ronald Cohen’s private investment fund). Dovi Frances will join the company’s board of directors.

Papaya Global was founded by Eynat Guez, Ofer Herman, and Ruben Drong with the goal of reinventing global payroll. The current funding will go towards scaling the company’s hypergrowth, launching new products to further support global companies (such as benefits management, salary benchmarks, and adding artificial intelligence to global payroll), and tracking the ever-changing labor laws around the world.

“Global Payroll is an exciting industry that is relevant to each one of us as employees and to any organization and industry, especially those planning global expansion,” said Eynat Guez. “At the same time, the global payroll process is extremely complicated. It requires working with multiple local suppliers, sorting through all types of reporting styles, and dealing with the nuances of local compliance. Most organizations, big and small, still manage payroll manually, requiring payroll managers to work five times harder when calculating the salary of a global employee.”

The recent COVID-19 pandemic exposed deep vulnerabilities in how global companies manage their global payroll: their dependence on local suppliers, lack of access to employee information (which is managed by the local companies), and inability to stay on top of local labor laws, which changed frequently throughout the pandemic.

Meanwhile, Papaya customers have enjoyed the unfettered ability to manage their global workforce and make quick financial decisions in real time.

The Papaya Platform is utilized by globally-minded small and medium-sized businesses (SMBs) as well as large global organizations such as Checkmarx, Wix, Fiverr, Microsoft, CyberArk, Teradata, and others.

After a period of exceptional growth, Papaya Global is now the largest cloud-based, SaaS platform providing a total workforce management, payroll, and payment solution supporting all types of global workers (payroll, EoR, and contractors) in over 100 countries. The automated platform provides an end-to-end solution, from onboarding to on-going management to cross-border payments.

The Papaya Platform provides an excellent user experience, gathering all employee information in one place and creating a highly visible system for tracking payroll spending. The platform ensures GDPR and SOC compliance to maintain the highest standard of security and privacy.

“Papaya Global solves the challenges of global payroll, which has been managed manually and inefficiently until now, through full automation and a single user interface. The Papaya Global business model reflects Group 11’s philosophy of investing in fintech companies that redefine their category by shattering and automating old work paradigms in multi-billion dollar markets, such as the global payroll market,” says Dovi Frances, founding partner of Group 11.

“We are proud to join this journey with Eynat Guez and her management team and commit to making Papaya Global the largest global payroll company in the world. In spite of the world crisis, Papaya has maintained its exceptional growth. We’re happy to join leading, strategic investors to support our vision in turning global payroll into a full financial system with the ability to support real-time management and decision-making capability.”

Papaya’s team currently spans across offices in Tel Aviv, New York, San Francisco, and Melbourne with plans to triple its growth this year in terms of clients, revenues, and employees globally. Papaya’s technology has been recognized by Deloitte, Gartner, and Visa as disruptive in the field of global payroll and payments.

About Group 11:

Group 11 invests in revolutionary software companies that are redrawing the landscape of the financial services industry. As fintech continues to gain momentum and to disrupt the traditional industry value chain, Group 11 has positioned itself as a partner of choice to provide capital and guidance to entrepreneurs that are creating the world’s next generation of financial services industry leaders. To learn more about Group 11, visit www.group11.vc

About Papaya Global

Papaya Global provides enterprise with a global, cloud-based SaaS platform to automate payroll and workforce management, an EOR solution to hire workers in over 100 countries, and innovative technology to streamline the payroll process, eliminate errors, and save operating costs. The system gathers all employee information into one place, creating a highly visible system, all backed by local and global experts to ensure compliance with local laws and benchmarks. See papayaglobal.com

 

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SOURCE Papaya Global

Cellwize Lauded by Frost & Sullivan for its Cloud-based, AI open RAN automation platform, Chime

Cellwize’s automation platform successfully reduces the operator’s operating expenditure and the time-to-market of its 5G deployment and creates an open ecosystem for network deployments

SANTA CLARA, Calif., June 1, 2020 /PRNewswire/ — Based on its recent analysis of the global radio access network (RAN) automation market, Frost & Sullivan recognizes Cellwize with the 2020 Global Product Line Strategy Leadership Award for its Chime platform. Cellwize has pushed the envelope by engineering a solution that is easy to integrate into a multi-vendor RAN environment, and which enhances the level of automation and management.

“Cellwize has expanded its focus from optimizing the RAN to managing and automating the RAN itself, including implementing automation principles across the heterogeneous network and application layers. This vision resulted in the development of its flagship RAN management and automation platform, Cellwize Chime,” said Rohan Joy Thomas Industry Analyst. “Cellwize Chime utilizes AI and ML and is completely cloud-based and vendor-agnostic, has an open micro-services based architecture to address many key use cases, and is commercialized via flexible business models, including a pay-as-you-use model.”

Cellwize forges unique partnerships with other technology firms, which allows it to customize its go-to-market strategy according to the region. For instance, one of its notable partners, Tech Mahindra, is recognized for its technology consultancy expertise in the global telecommunications industry. Cellwize has leveraged this partnership to build its go-to-market strategies that are custom to the technological maturity of both the network operator and the region in which the network operator is located. Similarly, its partnership with Deloitte helps network operators with change management, which is essential during the deployment phase of the automation stack as well as throughout the value realization path.

Significantly, Cellwize Chime has enhanced Artificial intelligence  and machine learning capabilities, which change the information collected from external sources into a unified and open data model and exposes that data to Cellwize’s open application programming interfaces (APIs). It then passes the information to the operator’s many different applications that are deployed on the legacy Radio Access Technologies such as 2G, 3G, 4G, and the upcoming 5G deployment. On average, the platform helps network operators save 60 percent of their OPEX, which would have otherwise been spent on getting the RAN operational.

“Cellwize Chime moves from a static radio network policy to one that is adaptive through an enhanced AI/ML-type of governance, which provides carriers with significant flexibility to avoid vendor lock-ins, without going to their incumbent vendor for solutions,” noted Thomas. “In a multi-cloud environment that consists of edge compute and centralized clouds, Cellwize Chime can seamlessly integrate different components with each other across different environments.”

Each year, Frost & Sullivan presents this award to the company that has developed a comprehensive product line that caters to the breadth of the market it serves. The award recognizes the extent to which the product line meets customer base demands, and the overall impact it has in terms of customer value and increased market share.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
P: +1 (210) 477-8457
E: lindsey.whitaker@frost.com

About Cellwize

Cellwize is all about accelerating carriers’ 5G business through powerful mobile access automation, which will allow them to shorten TTM of their Next Gen Networks. Its cloud-native, AI-driven open platform enables mobile network operators (MNOs) to automate the configuration, management and optimization of networks and services; and with an advanced set of APIs, they can connect to any application and any vendor, as well as co-create on top of the platform. With Cellwize, MNOs gain unprecedented ease, speed and agility to accelerate the ROI on their network investments as well as time to market – even in the most complex and dynamic network environments, charging ahead with 5G, and always ready for the services and networks of tomorrow. Cellwize solutions are enabling the 5G journey for customers across North America, Latin America, Europe and APAC. For more information, visit www.cellwize.com.

Media Contact
Laura Raanan
GK for Cellwize
Laura@gkpr.com     
+972-50-6711772

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SOURCE Frost & Sullivan

SHL Accelerates High-Quality Tech Hiring Through A New Remote, AI-Driven Solution

Increase your tech candidate pool and reduce time to hire through the rigorous science of SHL combined with the AI of Aspiring Minds

MINNEAPOLIS, June 1, 2020 /PRNewswire/ — SHL, the market leader in talent innovation, today launched its Technology Hiring Solution to help customers automate and seamlessly scale the tech hiring process, all in a secure, remote environment that accounts for the current COVID-19 reality and beyond.

Attracting and hiring talent in the tech industry has never been more challenging. Traditional recruiting is not effective, as resumes and CVs alone are not a valid measure of skill and potential. Quality talent requires remote assessment, faster offers, and an engaging candidate experience.

In fact, today more than 90% of candidates for tech roles typically have multiple offers on the table. SHL’s new solution addresses this reality by cutting hiring time in half and increasing the candidate pool by 45% over traditional methods.

“Our Tech Hiring Solution offers the most valid and relevant assessment tools available to evaluate coding and technical skills, ” said Jora Gill, SHL’s Chief Digital Officer. “We use artificial intelligence and data-driven insights to ensure you never miss out on the best tech talent, and your candidates enjoy an immersive and branded hiring experience.”

SHL’s Tech Hiring Solution combines 40 years of assessment science with the innovative artificial intelligence of its recent acquisition, Aspiring Minds, to ensure the fastest and most efficient hiring for these highly sought-after roles.

The solution goes beyond what most coding simulations can produce, allowing employers to evaluate the candidate based on four rubric parameters – programming ability, programming practices, runtime complexity, and functional correctness. This provides visibility into the candidate’s skill level beyond the traditional pass-or-fail method.

“You may have a candidate who makes one keystroke error but is brilliant in every other way,” said Himanshu Aggarwal, SHL Chief Growth Officer. “In a highly competitive market for technical skill, it is important to capture every eligible and gifted candidate there is — our solution makes that possible.”

For more information about SHL’s new Tech Hiring Solution, visit shl.com.

About SHL 
SHL exists to help you win. At a time of unprecedented change, we provide deep people insights to predict and drive performance.

Our world-class talent solutions empower leaders and their teams to make unbiased decisions throughout the employee journey. With 40+ years of talent expertise, cutting-edge assessment science and more than 45 billion data points, we have an unparalleled view of the workforce. SHL partners with organizations of all sizes – from start-ups to multinational firms – worldwide to deliver proven business results from people investments. www.shl.com 

Contact 
Kristina Iniguez
PR@shl.com 

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SOURCE SHL