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AppYea expands its SleepX patent commercialization portfolio with a non-diluting agreement.

Appyea

AppYea (OTC: APYP) announced that its subsidiary SleepX, which focuses on the development of accurate wearable monitoring solutions to treat sleep apnea and snoring – has signed new commercialization agreement for two additional patents by Ben-Gurion University. The new patented technology enables the innovative detection of sleep apnea and hypopnea through speech analysis using only a smartphone and with no physical contact. This is compared to traditional technologies that use physical sensors to detect apnea in overnight sleep labs. "In recent years we see a growing number of major players taking development efforts in the field of sleep monitoring and sleep apnea”, said Boris (Bary) Molchadsky, chairman & CEO of AppYea. “We are developing our own products that cater to this market while increasing our patent portfolio and examining synergistic technologies as part of our strategy to become a leading player in the sleep health market while also offering licensing agreements for leading smartphone manufacturers.” SleepX is a research and development company recently acquired by AppYea. The company had developed a unique product for monitoring and treating sleep apnea and snoring. The technology is protected by several international patents and the company plans to start serial production in 2022. SleepX focuses its activities on the development and commercialization of its flagship product SleepX PRO solution which is designed to diagnose sleep apnea using only a smartphone and with no physical contact. The company recently announced that it has applied to the Helsinki Committee for approval to begin its planned clinical trial on the SleepX PRO application. This trial is intended to take place at a hospital sleep lab as the first step toward applying for an FDA approval under the first-of-its-kind medical device category for “contactless detection of sleep apnea to be performed through the Artificial Intelligence (AI) analysis of breathing during sleep”. As far as SleepX is aware, the global sleep apnea devices market size is valued at USD 3.7 billion as of 2020 with a 6.2% CAGR, reaching USD 6.1 billion by 2028, according to Grand View Research’s report. Safe Harbor and Forward-Looking Statements This release includes forward-looking statements. Such statements involve risks and uncertainties which could cause actual results to differ materially from those set forth herein. No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. Although APYP believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to our ability to raise capital needed to develop and market our products, the effectiveness of the Registration Statement, our ability to manage the business post acquisition, economic conditions, intense competition, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, unanticipated losses, financial condition and stock price, inability to carry out research, development and commercialization plans and other specific risks. APYP does not undertake any obligation to publicly update any forward-looking statement. Neither APYP nor SLEEPX are subject to the reporting requirements of the Securities and Exchange Commission. Contact Details Asaf Porat +1 800-674-3561 info@appyea.com Company Website http://www.appyea.com

May 16, 2022 07:00 AM Eastern Daylight Time

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ASTM International Additive Manufacturing Center of Excellence Launches Consortium for Materials Data and Standardization (CMDS)

ASTM International

ASTM International's Additive Manufacturing Center of Excellence (AM CoE) and the founding industry members are formally announcing the launch of the AM CoE Consortium for Materials Data and Standardization (CMDS) initiative. The mission of ASTM’s CMDS is to bring key organizations together from across a broad range of industries representing the entire AM value stream. The consortium members will collaborate on standardization of the requirements for AM materials data generation and will create and manage shared high pedigree “reference” datasets needed to accelerate qualification and greater adoption of AM technologies. The consortium is being launched with 21 founding members including: Accurate Brazing AddUp Inc. ASTM International Auburn University BeamIT/3T-AM Ltd. Boeing Desktop Metal Element Materials Technology EOS Edison Welding Institute (EWI) Fraunhofer IAPT Gasbarre Thermal Processing Systems GE Additive GKN Additive Hexagon Manufacturing Intelligence, Inc. HP Inc. Manufacturing Technology Center (MTC) Morf3D National Aeronautics and Space Administration (NASA) Raytheon Technologies Corporation Sigma Labs, Inc. “GE Additive is pleased to continue its engagement with the AM CoE Industry Consortium. As a company that offers the entire additive ecosystem, from feedstock to finished parts, we recognize the importance of developing highly pedigreed materials property datasets. By coming together to define a common approach to materials characterization, we hope to drive further understanding and expansion of the additive industry as a whole,” said Amber Andreaco, section manager – materials & powders, GE Additive. The CMDS approach is particularly focused on determining key process-structure-property relationships necessary to develop methods for generating machine agnostic materials data. The CMDS will curate a shared database of high-pedigree data that will be used by consortium members to develop the tools, such as physics-based/probabilistic models, and data analytics needed to support rapid qualification of new AM applications, materials and technologies and real-time quality assurance to scale AM production. “The Boeing team is excited to join the AM CoE Industry Consortium and collaborate with the AM CoE industry members to mature and accelerate the industrial adoption of additive manufacturing,” said Nicholas Mule, director, Boeing Additive Manufacturing Intelligence Center. “The collective AM expertise of the members provides the broad perspective needed to advance the AM industry and drive towards the common AM standards needed for sustained adoption.” Each year, under the direction of the industry members and in coordination with key regulatory bodies and other government agencies, the CMDS will select materials and application specific properties (e.g., static, cyclic, thermal, corrosion) of interest and execute various projects that ultimately support the development of standards and datasets. While members retain exclusive use of the full datasets to support their business, research output and lessons learned will inform new AM standards and specifications developed through the ASTM related committees such as F42 to drive consistency across the industry, creating new and improved materials specifications with property and structure requirements based on robust datasets. “This initiative connects industry, academia, and government teams to accelerate the path for additive adoption, moving additive manufacturing from a process with significant financial barriers to a standard manufacturing process for widespread use,” said Jeff Shubrooks, Raytheon Missiles and Defense Additive Manufacturing Technology Area Lead “Raytheon Technologies is bringing their experience and diverse research and data to help create the standards and necessary qualification methods.” The AM CoE partners supporting the core technical activities and execution of the CMDS are ASTM International, NASA and Auburn University. This membership-driven consortium is intended to strengthen AM CoE’s core mission of research to standards (R2S), filling standardization gaps while enabling access to high quality datasets. To learn more, read the rest of the member’s perspective, and join the membership visit our website at: https://amcoe.org/consortium About the AM CoE Formed in 2018, the Additive Manufacturing Center of Excellence (AM CoE) is a collaborative partnership among ASTM International, Auburn University, EWI, NAMIC, NASA, NIAR, and the MTC representing industry, government, and academia, that conduct strategic R&D to advance standards across all aspects of AM technologies. The center aims to accelerate the development and adoption of additive manufacturing by supporting standardization, developing training, certification programs, providing market intelligence, business strategy and advisory services via Wohlers Associates, powered by ASTM International. For more information, visit www.amcoe.org and www.wohlersassociates.com About ASTM International Committed to serving global societal needs, ASTM International positively impacts public health and safety, consumer confidence, and overall quality of life. We integrate consensus standards – developed with our international membership of volunteer technical experts – and innovative services to improve lives… Helping our world work better. Media Inquiries: Dan Bergels, tel +1.610.832.9602; dbergels@astm.org CMDS Contact: Richard Huff, tel +1.202.991.6202; rhuff@astm.org Contact Details ASTM International Dan Bergels +1 610-832-9602 dbergels@astm.org

May 13, 2022 11:10 AM Eastern Daylight Time

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The Premier Event for Embedded Tech Solutions

Embedded Technology Convention

Embedded Technology Convention, the leading USA event for hardware, systems, tools and technology solutions for your business will launch at the Las Vegas Convention Center on June 8th & 9th, 2022. This free event will comprise 5,000 visitors, 400 suppliers, and 100 seminars. The Embedded Technology Convention will allow attendees to discover the latest developments and research in chip & sensor technology, embedded automotive systems, deep learning, artificial intelligence, embedded security, cloud connectivity and much more across this all-encompassing industry. Find the latest embedded tech solutions with over 400 leading suppliers and network with thousands of like minded professionals at this free event. Save time and money by finding the best kind of software integration for your business when you follow our Technology Trail. The innovation & technology showcased will provide an excellent opportunity for embedded technology professionals to interact and connect with the industry’s global leaders and suppliers to discover more cost-effective ways in implementing new embedded technology, systems and solutions into their business model. Share research, meet leading practitioners and advance the industry by visiting our Research Hub. Discover the latest developments and research in chip & sensor technology, embedded automotive systems, deep learning, AI, cloud connectivity and much more across this all-encompassing industry. Join the audience at the panel session stage to hear the most ground-breaking solutions and technology on the market. Panel sessions will be hosted by some of the leading industry specific networks and will focus on topics specific to aerospace, automotive & transportation, 5G Networks and more! Get access to unparalleled networking opportunities to discuss new ideas, business tips, and sourcing to advance business growth and venture forward with efficiency. The continual evolution of embedded technology and the expansion of the global market creates the opportunity for ambitious professionals to enter new embedded tech markets, upgrade their status in the industry, and develop lasting professional relationships among suppliers and service providers to take their embedded systems and technologies to the next level. Our Keynote speaker line-up, Research Hub, Technology Trail and Networking opportunities are just a few of the incredible features being showcased at the Embedded Technology Convention. Register your free ticket now for all access to these amazing show features! https://bit.ly/3spewp2 Contact Details Laren Fernandez +1 512-942-0003 laren.fernandez@fortem-international.com

May 12, 2022 08:30 AM Pacific Daylight Time

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The Premier Event for Embedded Tech Solutions

Embedded Technology Convention

Embedded Technology Convention, the leading USA event for hardware, systems, tools and technology solutions for your business will launch at the Las Vegas Convention Center on June 8th & 9th, 2022. This free event will comprise 5,000 visitors, 400 suppliers, and 100 seminars. The Embedded Technology Convention will allow attendees to discover the latest developments and research in chip & sensor technology, embedded automotive systems, deep learning, artificial intelligence, embedded security, cloud connectivity and much more across this all-encompassing industry. Find the latest embedded tech solutions with over 400 leading suppliers and network with thousands of like minded professionals at this free event. Save time and money by finding the best kind of software integration for your business when you follow our Technology Trail. The innovation & technology showcased will provide an excellent opportunity for embedded technology professionals to interact and connect with the industry’s global leaders and suppliers to discover more cost-effective ways in implementing new embedded technology, systems and solutions into their business model. Share research, meet leading practitioners and advance the industry by visiting our Research Hub. Discover the latest developments and research in chip & sensor technology, embedded automotive systems, deep learning, AI, cloud connectivity and much more across this all-encompassing industry. Join the audience at the panel session stage to hear the most ground-breaking solutions and technology on the market. Panel sessions will be hosted by some of the leading industry specific networks and will focus on topics specific to aerospace, automotive & transportation, 5G Networks and more! Get access to unparalleled networking opportunities to discuss new ideas, business tips, and sourcing to advance business growth and venture forward with efficiency. The continual evolution of embedded technology and the expansion of the global market creates the opportunity for ambitious professionals to enter new embedded tech markets, upgrade their status in the industry, and develop lasting professional relationships among suppliers and service providers to take their embedded systems and technologies to the next level. Our Keynote speaker line-up, Research Hub, Technology Trail and Networking opportunities are just a few of the incredible features being showcased at the Embedded Technology Convention. Register your free ticket now for all access to these amazing show features! https://bit.ly/3spewp2 Contact Details Laren Fernandez +1 512-942-0003 laren.fernandez@fortem-international.com

May 12, 2022 08:30 AM Pacific Daylight Time

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London’s UCL Edtech Labs chooses Toronto, Canada to launch inaugural Americas accelerator with Knowledgehook

UCL Edtech Labs

University College London’s (UCL) edtech accelerator programme called Edtech Labs has launched into the Americas today with their first cohort of startups inducted, and all set to begin the 12-week experience. In partnership with Knowledgehook, a leading fast growth Canada-based edtech, the programme will shine a spotlight on ambitious founders who see the importance of applying UCL’s robust research methods in building their products to reach tangible educational impact in a world of gamified and technology first edtechs. Innovative edtechs companies will join from across the continent, representing Canada, The United States, Mexico, Costa Rica, and more in the first group. Programme Director and Founder of UCL Edtech Labs, Houtan Froushan remarked: “We’re excited to bring our programme to the Americas via Toronto which is abuzz with edtech fever. This expansion embraces the many opportunities that become available through international collaborations and cooperation with innovators and developers around the world. It is estimated over the next 30 years, we will see a further 2 billion learners, so developing businesses and designing products with the learner at the heart is fundamental if we are to fulfil our joint purpose of improving education for everybody, everywhere.” The workshops will be led by experts who have trained hundreds of founders, while the teams will experience first-hand what a successful startup culture looks like, being hosted at the Knowledgehook offices and with access to insights from their team members. Knowledgehook has become UCL Edtech Labs’ partner in the Americas, encompassing North, Central and South America. The partnership will combine the innovative approach and regional-sector knowledge of Knowledgehook to the London learning innovations programme that has grown out of University College London. Newly appointed President of the Americas of UCL EdTech Labs, Qamar Qureshi said “We are proud of the establishment, and excited with the prospects, of this prestigious partnership. Our joint aim is to make Toronto not only the hub of research-backed technology solutions, but also a growth catalyst in the Americas as well as a launch pad for international businesses. The buzz and positivity across the sector both in Toronto and across the continent is encouraging, and we’re thrilled for this inauguaral cohort of edtech entrepeneurs. This partnership is a natural progression as it is through international cooperation, bringing differing perspectives and ideas to the forefront, that we will see this exciting ecosystem grow to fulfil the potential impact education has on the world, while leaving no learner behind.” “This new joint initiative will also help build and develop the flow of edtech investments to alternative markets. Last year we saw a 3X rise in venture funding in our sector compared to pre-pandemic levels, adding 17 new edtech unicorns for a total of 38 globally. With Toronto’s ecosystem of talent in research and engineering and our access to financial markets, attracting several tech giants to the city already, it has become the ideal environment for early-stage companies. This combination of academia and Big Tech has fostered innovative global collaborations, further justifying the need for this partnership as we marry cutting-edge and equitable research-proven technology with patient capital.” The cohort of twelve startups from all over the Americas are convening in Toronto, Canada and will be hosted at the Knowledgehook offices. The 12-week programme will consist of applying the UCL Edtech Labs’ research-focused method to their products and ventures, expert and academic mentoring and a range of community events. The programme culminates in a Demo Day, where participants will pitch to investors, publishers and policy makers. CEO and Co-Founder of Knowledghook,Travis Ratnam acknowledged the importance of this new partnership: “From day one, Houtan and his team have strived to reach the same objective of enabling an evidence-led approach to product development to gain greater impact and visibility into a global scenario. “Both organisations strongly believe that only with alliances between Edtech ventures and grounded research-based academic support can we drive the global ecosystem to promote innovation in a way that meets the needs of the learner.” About UCL Edtech Labs UCL Edtech Labs is a UCL-led programme that connects the learning innovations community to the world’s best educational research and entrepreneurial practice, developing and growing the brightest learning and teaching innovators whose visions are to fundamentally reshape how people learn. Its pioneering approach aims to build and develop world-class EdTech products and services, based on what works for teachers and learners. Enabling entrepreneurs to develop and grow, creating the very best products that are tried and tested with the learner at the heart. UCL Edtech labs is supported by Santander Universities, AWS, OneValley and IDEALondon, and is in an alliance with University College London. For further information visit www.UCLedtechlabs.com About Knowledgehook Knowledgehook is a leading Canadian-based educational technology company that actively collaborates with governments around the world while also working directly with districts and schools to offer curriculum-aligned education STEM solutions in English, French, and Spanish. The company currently empowers teachers in more than 150,000 schools. In 2023, it is anticipated the solution will reach 50,000,000 students globally. Winner of Google’s Game Changer Award and named Top Disruptor by BNN, its platform analyses student understanding through engaging assessments, providing real-time personalised solutions to close learning gaps between classroom teaching and at-home learning. Designed by leading numeracy and research experts, Knowledgehook’s Instructional Guidance System is known for reinventing how online technology supports education and educators while inspiring the problem solvers of tomorrow. For further information visit: www.Knowledgehook.com or follow us on LinkedIn, Facebook or Twitter Contact Details UCL Edtech Labs Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.ucledtechlabs.com/

May 12, 2022 07:30 AM Eastern Daylight Time

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Funding update: Marquee tech founders and investors join Ultrahuman’s Series A

Ultrahuman

Several prolific tech investors and founders have come together to invest in Ultrahuman, a leading metabolic fitness platform that uses glucose biomarkers to help people optimize their lifestyle. Balaji Srinivasan (ex-Coinbase), Nithin Kamath (founder of Zerodha via Rainmatter) and Preethi Kasireddy (ex-a16z) along with several others have invested in Ultrahuman, the world’s most advanced metabolic fitness platform, in an undisclosed funding amount which will be in addition to their recent series A round. Others influential leaders include Groww founders (Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal), Razorpay founder, Harshil Mathur and RazorpayX GM - Shashank Mehta, Akshay BD (founding team Uber India) and Tanmay Bhat (celebrity content creator and investor) as they support Ultrahuman, a metabolic fitness platform that helps people optimize their metabolism via real-time biomarkers like glucose in combination with HRV, sleep and activity insights. The metabolic health crisis is unarguably one of the largest healthcare crises that exist today. Over a billion people in the world suffer from a metabolic health disorder which contributes to almost 85% of all chronic diseases in the world. By helping people understand how food and exercise affect their metabolic health, people would be able to make informed choices about what they eat and their activity levels. The approach is a geography/diet agnostic way to help people eat and exercise better. Measuring a powerful biomarker like glucose can reveal so much about how a particular food item affects the user’s metabolic health by measuring the glucose response. This response is unique to an individual and it depends on various factors like their gut microbiome, stress levels, time of the day, food ingredient quality, etc. Ultrahuman launched with Ultrahuman M1 - a metabolic health tracking platform that provides intelligent nudges based on glucose biomarkers. This helps people optimize their exercise, sleep and nutrition based on deep insights from the platform. The M1 tracks the wearer’s metabolism as they go about their day using a continuous glucose monitoring device. It triggers timely personalized nudges to the user such as alerts to high glucose variability events leading to oxidative stress and suggestions to optimize it via lifestyle interventions. Nithin Kamath, founder of Zerodha, added: “A big part of living healthier is tracking your diet and eating right, but the problem is doing this accurately is tricky. The approach that Ultrahuman is taking to tackle this problem of improving metabolic fitness by using biomarkers is really interesting. We're excited to join Mohit and Vatsal on their journey.” Ultrahuman has raised over $25M to date. Existing investors include Alpha Wave, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund, and a range of other angel investors including Tiger Global’s Scott Schleifer. “We’re super excited to welcome some of the world’s foremost founders, investors and biohackers to join our Series A round. The most inspiring aspect of this investment is that most of them are long term users of the platform as well and that strengthens our mission holistically”. said Mohit Kumar, Founder and CEO, Ultrahuman. Ultrahuman was started by Mohit Kumar and Vatsal Singhal who were also co-founders at Runnr which later merged with India’s largest food delivery service Zomato. Mohit is an avid cyclist, biohacker and Brazilian Jiu-Jitsu enthusiast. Vatsal is a cross-fit enthusiast and a biohacker. Mohit was training at one of the largest MMA Camps in the world (Tiger Muay Thai in Thailand). During his training, he observed athletes train smartly via the usage of data, recovery tools and protocols. About Ultrahuman Ultrahuman is the world's most advanced metabolic fitness platform. By using glucose and other biomarkers, Ultrahuman is helping people improve their energy levels, lose fat and avoid metabolic disorders. For more information and updates on Ultrahuman, please visit ultrahuman.com or follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube. Contact Details Ultrahuman Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://ultrahuman.com/

May 12, 2022 06:30 AM Eastern Daylight Time

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CoorsTek Recognized as a US Best Managed Company

CoorsTek

CoorsTek is proud to announce it has been selected as a 2022 US Best Managed Company. Sponsored by Deloitte Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams. The 2022 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people and fostering a dynamic, resilient culture, as well as strong financials. This year’s designees continued to propel their businesses forward by prioritizing purpose, investing in their workforces, and demonstrating their commitment to diversity, equity and inclusion. “We are honored to be recognized as a best managed company again this year,” said Jonathan Coors, CEO of CoorsTek. “This award is a tribute to the dedication and resiliency of our CoorsTek team members across the globe over the past several years. It also speaks to the strong values that guide our daily activities and actions, and our focus on delivering essential products and services to the marketplace.” Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. They join a global ecosystem of honorees from more than 40 countries recognized by the Best Managed Companies program. About The Best Managed Companies Program The Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal. For more information, visit www.usbestmanagedcompanies.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. About CoorsTek Founded in 1910 and headquartered in Golden, Colorado, CoorsTek is a fifth-generation, family owned and operated global manufacturer of engineered ceramics. By utilizing over half of the world’s known elements in our material formulations, we deliver unique solutions to our diverse customer base by leveraging ceramic properties. With more than 30 facilities across three continents, five million square feet in manufacturing space, and more than 6,000 team members, we are the partner of choice in engineered ceramics. CoorsTek makes the world measurably better by providing customers with amazing solutions, serving customers in numerous industries including semiconductor, aerospace, automotive, medical, energy and many others around the world. For more information about the company and its products please visit our website at www.coorstek.com. Contact Details CoorsTek Nancy Fullerton +1 517-304-4695 nfullerton@coorstek.com Company Website https://www.coorstek.com

May 11, 2022 03:52 PM Eastern Daylight Time

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StreamLayer Announces Strategic Investment from Las Vegas Sands

StreamLayer

StreamLayer, an audience engagement technology company focused on transforming the live sports viewing experience across mobile and other streaming devices, announced today it has received an investment from Las Vegas Sands, the world’s leading developer and operator of integrated resorts. StreamLayer’s next-generation video engagement operating system (VEOS) gives rights holders – ranging from large enterprise media companies to individual teams and leagues who control their streaming rights – the ability to transform video content into highly-engaging interactive viewing experiences on their own native app platforms. With StreamLayer’s VEOS, clients can offer their users a limitless world of hyper-personalized features and viewing options, including watch parties, real-time statistics, and innovative e-commerce and sports betting opportunities, all from within the main video experience. “StreamLayer’s mission is to change the way we watch video,” said StreamLayer CEO John Ganschow, “making it more fun and engaging for consumers, and more profitable for rights owners and their media distribution partners. At a time when the global streaming industry is seeking solutions to attract, retain and monetize their audiences in the face of spiraling content costs, the strategic investment from Sands will allow us to accelerate our development efforts and capitalize on this growing demand.” About StreamLayer StreamLayer is the revolutionary audience engagement platform that redefines the way viewers experience live video. The Company’s proprietary Video Engagement Operating System (VEOS) enables content programmers and broadcast rights holders to transform linear streaming video feeds into highly personalized interactive viewing experiences, seamlessly integrated into their own native app environments. StreamLayer is headquartered in Chicago, IL. Contact Details StreamLayer John Ganschow +1 312-543-0488 john@streamlayer.io Company Website http://www.streamlayer.io/

May 11, 2022 02:00 PM Central Daylight Time

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Voxel Raises $15M to Decrease Workplace Injuries and Prevent Workplace Accidents

Voxel

Voxel, a startup using computer vision to transform safety and operations in the workplace, is announcing its $15M Series A funding round led by Eclipse Ventures with participation from MTech and World Innovation Labs. Since raising its seed round in September, Voxel has grown at an unprecedented pace by decreasing on-site injuries by upwards of 80% and increasing operational productivity by over 20% at its initial customer sites. This latest round of funding brings total equity raised to $18M. Using state-of-the-art computer vision technology and AI, Voxel integrates with existing security cameras to identify hazards, risky behaviors, and operational inefficiencies across a diverse range of workplaces. Once an event such as a spill, speeding vehicle, or ergonomics issue is identified, a real-time alert is sent to on-site personnel who can take immediate action. Voxel’s analytics help sites identify operational inefficiencies and design policies to prevent future issues. These proactive measures allow businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations. “Site safety and operations are often a reactive and manual process, where security cameras are reviewed after issues occur,” said Alex Senemar, CEO of Voxel. “Voxel is the first solution to allow companies to proactively identify key behaviors that lead to costly injuries using their existing camera infrastructure.” In the last three months, Voxel has had a transformative impact on its customers’ operations as installations have grown by 10x.“It has been inspiring to see the impact of our product in the real world,” said Senemar. CTO, Anurag Kanugo added, “Many of our customers are seeing upwards of an 80% reduction in onsite injuries, and the impact on their operations has been significant.” These early successes have attracted the attention of major insurance players who recognize Voxel’s potential to transform risk management and workplace safety. Voxel aims to fundamentally change how insurance companies underwrite risk and seeks to strengthen the relationship between insurers and their customers through robust data and actionable intelligence. The company emphasizes its commitment to privacy and security, and its algorithms do not track any personally identifiable information. “We are at an inflection point in terms of rebuilding US manufacturing, logistics, and physical operations, which represent over 40% of the US GDP. Voxel’s technology catalyzes tangible results and lasting change in the safety and efficiency of their customer’s operations,” said Aidan Madigan-Curtis, Partner at Eclipse Ventures and Voxel board member. “The Eclipse team believes Voxel’s core architecture, which takes a non-intrusive approach by leveraging existing camera infrastructure, and their cutting-edge AI applications will enable Voxel to become a category-leader in software and AI applications across a multi-trillion dollar set of physical-industry sectors." Voxel’s team has grown rapidly, adding key personnel to its staff from established industry firms, including Samsara, Verkada, Google, and Apple. The team has grown from 8 at the beginning of 2022 to close to 30, and the Series A investment will allow Voxel to accelerate its growth even further. Voxel’s team is led by CEO Alex Senemar, who previously co-founded Sherbit, an AI-powered remote health monitoring system for hospitals (acquired in 2018) as well as co-founders, CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and led the Machine Learning Systems Team at Uber’s Self Driving Unit; Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, former software engineer at Google. About Voxel Voxel uses artificial intelligence to enable security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps workers safe, while helping companies significantly reduce overhead costs from general liability, worker's compensation, and property claims. ​​Voxel software is transforming operations in warehousing, manufacturing, retail, transportation, construction, and oil & gas. A demo is available upon request. For more information, visit Voxelai.com About Eclipse Ventures With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is one of the US’ leading venture capital organizations. Its leadership team has the experience necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel, and GE. Eclipse partners with entrepreneurs boldly transforming the essential industries that define and propel economies. For more information, visit www.eclipse.vc. Contact Details Voxel Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.voxelai.com/

May 11, 2022 09:30 AM Pacific Daylight Time

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