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Vayu Robotics debuts the world’s first on-road Delivery Robot powered by an AI Robotics foundation model

Vayu Robotics

Consumers rely on e-commerce platforms to deliver groceries, electronics, apparel and more everyday. And while the number of deliveries is skyrocketing — by 2027, 23% of American retail purchases are expected to take place online — cost per delivery remains stubbornly high. In a move to slash the cost of e-commerce deliveries, Vayu Robotics has announced the release of the world’s first on-road Delivery Robot that combines the power of modern AI foundation models with lidar-less, low-cost passive sensors. Traditional mobile robotics rely on costly lidar sensors and software modules built to do one task at a time, leading to expensive hardware and fragile software unable to handle new scenarios. Vayu’s robot does the opposite. The company has combined a transformer-based mobility foundation model with a powerful passive sensor that, together, eliminate the need for lidar. As a result, Vayu’s Delivery Robot operates autonomously without pre-mapping the roads it intends to drive on and is capable of navigating inside stores, on city streets, and unloading packages on driveways or porches, carrying up to 100 lbs at under 20mph. This model is the first-of-its-kind, offering the most cost-effective, safe, reliable delivery system on the market. Vayu was co-founded by three highly-seasoned veterans from the robotics and mobility industry, Anand Gopalan, former CEO who took the world’s leading lidar supplier Velodyne public in 2020, Mahesh Krishnamurthi, formerly Apple SPG and Lyft, and Nitish Srivastava, also from Apple SPG and Geoffrey Hinton’s renowned AI lab in the University of Toronto. Geoffrey Hinton is also an advisor to the company. After working in major robotics and autonomy software for two decades, the trio realized large volume robotics applications, like robotics delivery, could only be unlocked by inventing a new technology stack that involved lower cost hardware and more robust software. “The unique set of technologies we have developed at Vayu have allowed us to solve problems that have plagued delivery robots over the past decade, and finally create a solution that can actually be deployed at scale and enable the cheap transport of goods everywhere” says Vayu Robotics CEO, Anand Gopalan. Vayu’s Delivery Robots are already being debuted in real-world applications. The company recently signed a substantial commercial agreement with a large e-commerce player to deploy 2500 robots to enable ultra-fast goods delivery, with similar commercial customers in the pipeline. The team is also working with a leading global robotics manufacturer to replace lidar sensors with Vayu’s sensing technology for other robotic applications. “At Khosla Ventures, we believe in backing businesses where critical and differentiated technologies can unlock a large market. Vayu is a great example of this where they have deployed novel sensing and their AI foundation models to a robotic challenge that can have immense economic and societal impact” said Kanu Gulati, Partner at Khosla Ventures. Anand Gopalan added: “Our software is robot form factor agnostic and we have already deployed it across several wheeled form factors.In the near future, Vayu's software technology will enable the movement of quadrupedal and bipedal robots, allowing us to expand into those markets as well.” Vayu has previously raised $12.7 million to fuel its mission to remove the hardware and software bottlenecks that have stunted the growth of e-commerce. Looking ahead, Vayu’s founders believe their revolutionary low-cost robotics nervous system can power a new wave of mobile robots in other use cases, too. “Autonomous delivery robots are only the tip of the iceberg,” said Anand Gopalan. With its cutting-edge innovation and deployment, Vayu is poised to lead the adoption of real-world robotics across industries. For now, Vayu’s scalable robotics architecture is set to empower small businesses to deliver products to their customers’ doorstep seamlessly. About Vayu Robotics Vayu Robotics is an AI company driven by the belief that the next wave of robotics solutions can be low cost, environmentally sustainable and inherently scalable. Vayu envisions a world where a new wave of intelligent systems will advance safe and sustainable human productivity. Vayu is building the foundation model for robotics – the next generation of AI to power perception and motion. Vayu’s team of engineers, technologists and business leaders come with decades of experience that bring together the best in machine learning, sensing and production, enabling the development of technology that will democratize robotics for widespread adoption. Vayu is backed by Khosla Ventures and Lockheed Martin Ventures. For more information please visit: https://www.vayurobotics.com/ Contact Details Vayu Robotics Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.vayurobotics.com/

July 23, 2024 07:00 AM Pacific Daylight Time

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BestGrowthStocks.Com Outlines Which Sectors and Companies Stand to Benefit Most from the AI Revolution Highlighting Serve Robotics

Serve Robotics Inc

Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com

July 23, 2024 09:55 AM Eastern Daylight Time

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Benchmark International Successfully Facilitated the Transaction Between Scapes Group, LLC and Charter Vista Landscaping, LLC

Benchmark International

Benchmark International has successfully facilitated a transaction between Roswell, GA-based Scapes Group, LLC (“Scapes Group”) and Memphis, TN-based Charter Vista Landscaping, LLC (“Charter Vista”). “The Scapes Group team has built an impressive organization and a solid footprint in the US Southeast and adjacent markets,” commented Benchmark Senior Transaction Director William Sullivan. “The company adds key geographic, relationship, and execution footprints that pair perfectly with Charter Vista’s aspirations. We believe that this combination will drive significant growth and be of great and lasting benefit to both of the great teams in this partnership.” Scapes Group is an award-winning landscape firm that has been serving Atlanta and the Southeast for over three decades. The company offers a variety of services ranging from landscape architecture and design-build construction to landscape maintenance and lawn care. Scapes Group focuses primarily on residential projects but also works on negotiated commercial installations. The Scapes Group team has concentrated on organic growth to drive scope and revenues and has seen significant expansion in the years leading up to the transaction. Your perfect buyer is out there. Find them today. Charter Vista Landscaping is a house of brands with over 50 years of landscape installation experience, seamlessly transforming bare ground into lush green environments for homeowners, developers, public agencies, and more. Offering a broad range of commercial and residential services across the Midsouth, they empower family landscaping businesses with the resources to deliver top-level service. Devoted to innovation, they continuously identify opportunities to expand and enhance their service offerings, maintaining their commitment to quality and excellence. The transaction was backed by Memphis, TN-based SouthWorth Capital Management. SouthWorth is a family office that evolved from owning, managing, and providing financial services for small to midsize companies. SouthWorth is actively involved in a variety of industries as diverse as logistics, engineering, and landscaping. SCHEDULE A CALL Americas: Sam Smoot at +1 (813) 898 2350/ Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

July 23, 2024 09:54 AM Eastern Daylight Time

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Fintech Firm Powder Closes $5 Million in Seed Funding

Powder

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, announced today that it has closed on a $5 million seed round, which will allow the company to continue scaling its technology, taking advantage of the AI boom that is rapidly transforming industries. The funding originates from a syndicate of 40 Silicon Valley insiders who are deeply invested in a generative-AI enabled future, including YCombinator, General Catalyst, Funder’s Club, Elefund, Litquidity Ventures, Script Capital and well-known technology executives Jon Xu and Bryant Chou. With the added resources, Powder will further integrate its AI agents into a broader range of workflows. “Artificial intelligence is the future of wealth management,” said Powder CEO Kanishk Parashar. “Businesses, regardless of size or scale, grapple with time management and how best to extend limited resources. With Powder, firms have a powerful tool to uplevel and future-proof their businesses. Firms with AI embedded in their culture will thrive.” Powder saves wealth management firms time and money by parsing complex financial and estate documents in seconds and providing advisors with enriched, ready to use extracts. Powder’s AI agents are as accurate as a human – or better – using its hallucination detection that can pinpoint important information in minutes, not hours, freeing advisors and analysts to focus on client service and work that provides a direct value to clients and prospects. The technology also offers a generative-AI chat feature for each of the firms’ clients, allowing analysts to rapidly obtain answers to important data questions, akin to chatting with an AI assistant who can instantly answer questions about a specific client by consulting financial documents. Powder’s AI agents can be deployed across multiple areas of the wealth management industry, from proposal generation to portfolio analysis. Most importantly, the technology is secure with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Unlike ChatGPT, individual firms own and control the data, which ensures that clients' personal information is 100% secure. In the six months since the firm launched, Powder has developed a growing list of top wealth management clients, including Catalytic Wealth, EPIQ Capital and IEQ Capital. “Powder drives several front and back-end tasks, enabling us to optimize our time for more productive activities,” said Joe Mathews, Wealth Manager at Catalytic Wealth. “Their instantaneous review capabilities significantly enhance the speed and accuracy of our advice, and we are excited to see the platform evolve. Powder’s team uniquely understands industry and advisor needs making for a mutually beneficial partnership.” About Powder Powder is building generative AI agents that automate laborious tasks to save time and to allow firms to focus on what matters. Today, its flagship product is a brokerage and estate document reader that is highly accurate and fast, with the ability to enrich the output with missing market data. For more information visit, powderfi.com. Contact Details For Powder Lisa Aldape +1 917-676-1716 laldape@vocatusllc.com Company Website https://www.powderfi.com/

July 23, 2024 09:04 AM Eastern Daylight Time

Dr. Paul Nassif Honored in Newsweek's 2024 Ranking of America's Best Plastic Surgeons

NassifMD Skincare

Facial plastic and reconstructive surgeon, Dr. Paul Nassif, has been recognized in Newsweek's prestigious list of America’s Best Plastic Surgeons 2024 for the second time. Dr. Nassif is known for his expertise and precision in facelift, rhinoplasty and eyelid surgery and has achieved a distinguished position among the top plastic surgeons in the country. Newsweek, in collaboration with global data firm Statista, conducted an extensive survey involving over 2,000 medical professionals, including surgeons, doctors, and clinic managers. The survey collected more than 8,000 votes per procedure, covering five major categories: facelift, rhinoplasty, eyelid surgery, breast augmentation and liposuction. Dr. Nassif's exceptional skills in facelift, rhinoplasty and eyelid surgery were recognized in this comprehensive evaluation. “I am honored to be included in Newsweek's 2024 rankings,” said Dr. Paul Nassif. “This recognition reflects my commitment to excellence in my field and my dedication to providing the best possible outcomes for my patients.” Dr. Nassif’s extensive career spans over two decades, during which he has performed thousands of successful surgeries, earning him a worldwide reputation for his meticulous attention to detail and natural-looking results. His approach combines advanced surgical techniques with an artistic eye, ensuring each patient receives personalized care tailored to their unique needs and goals. In 2016, he founded NassifMD™ Skincare, a clinical, results-driven skincare line. As a facial plastic surgeon, Dr. Nassif understands the benefits of his scalpel as well as its healthy limitations and he sees how quality skincare products optimize cosmetic surgery results, and even delay the need for surgery. Leveraging his deep understanding of skin health and rejuvenation, Dr. Nassif developed a range of products with the same precision and care he applies in his surgeries. The brand’s hero products, and two of its first-to-market formulas, NassifMD Detox Pads exfoliate and cleanse the skin to remove impurities and enhance skin texture and Hydro-Screen Hydration Serum hydrates and plumps the skin, reducing the appearance of fine lines and wrinkles, while enhancing skin texture and elasticity. Each NassifMD ® Skincare product is formulated with high-quality ingredients and innovative technology to deliver visible results, helping users achieve and maintain healthy, youthful skin. Products are available at NassifMDskincare.com and Amazon. In addition to his surgical expertise, Dr. Nassif is a well-known television personality, co-starring on the E! reality show "Botched," where he helps patients recover from problematic surgeries. He also actively participates in philanthropic efforts including lifelong support of St. Jude Children's Research Hospital. For more information about Dr. Paul Nassif, please visit www.drpaulnassif.com. For more information on NassifMD Skincare, please visit www.nassifmdskincare.com. About Dr. Paul Nassif Born and raised in Los Angeles and educated at hospitals throughout the country, Dr. Nassif was drawn to facial plastic surgery after seeing the life-improving benefits of wound and scar healing following traumatic accidents. Today, his talent, expertise, ethics, and attentive care make Dr. Nassif a world-renowned board-certified facial plastic and reconstructive surgeon. Dr. Nassif is also a rhinoplasty specialist, innovator, educator, and the founder of NassifMD®. He operates an extensive medical practice in Beverly Hills, CA as well as Medical Spas in Beverly Hills and Manchester, UK. Many also recognize Dr. Nassif as the beloved star of the E! reality show Botched, on which he helps patients recover their natural inner and outer beauty. Contact Details Rell Marketing & Communications Linsey Tilbor Rubin +1 732-991-5294 ltilbor@rellmc.com

July 23, 2024 08:31 AM Eastern Daylight Time

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Dispelling Misconceptions About Options

Benzinga

By Cboe Despite the increasing popularity of options, there are numerous misconceptions that may deter many individuals from understanding or adequately utilizing them. The reality is that options can be among the best financial tools for enhancing and protecting one’s portfolio or even speculating about current events; options are not beyond understanding for most people trying to build their own financial future. Below, we examine three prevalent misconceptions about options trading: options are only for professional traders, buying options is the same as buying stocks and options are too risky for average investors. Misconception: Options Are Only For Professional Traders One of the most common misconceptions about options is they are the exclusive domain of professional traders and institutional investors. While it's true that professionals often use options to hedge risks and speculate on price movements, this does not mean that an individual trader cannot benefit from the strategies they enable. Options can be a valuable tool for individual investors who take the time to understand them. For instance, options can provide leverage, allowing investors to control a larger position with a smaller amount of capital. This can be particularly advantageous in a bullish market where an investor anticipates significant price movements, although with increased leverage comes increased risk which investors must consider. Additionally, options can be used to generate income through strategies like covered calls, where an investor sells call options against shares they already own, which can result in earning premium income. Misconception: Buying Options Is The Same As Buying Stocks Another misconception is that buying options is the same as buying stocks. While both activities involve the public financial markets, they are fundamentally different in terms of mechanics, risk and potential rewards. When you buy a stock, you are purchasing a share of ownership in a company. You benefit from dividends and any increase in the stock’s price. Your risk is limited to the amount you invested, and you can hold the stock indefinitely. In contrast, buying an option gives you the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a predetermined price before a specific expiration date. This means that options have a limited lifespan, unlike stocks. The value of an option is influenced not just by the price movement of the underlying asset but also by factors such as time decay and volatility. Options also offer different risk and reward profiles. The maximum loss for an option buyer is limited to the premium paid for the option, but the potential gain can be substantial, especially if the underlying asset moves significantly in the desired direction. Conversely, the value of the option can diminish rapidly as it approaches expiration, particularly if the underlying asset does not move favorably. Understanding these distinctions is crucial for investors considering options as part of their portfolio. When compared to stocks, options require an understanding of added factors that can influence their price, which can make them more complex but potentially rewarding investments. Misconception: Options Are Too Risky For Average Investors A prevalent belief is that options are too risky for average investors. While it is true that options can be risky, especially when used without adequate knowledge, the key lies in understanding and managing the risks associated with options trading. One way to manage risk is through conservative options strategies. For example, a protective put allows an investor to hedge against potential losses in a stock they own by buying a put option. This strategy provides a form of insurance, limiting downside risk while allowing for upside potential. Similarly, selling covered calls can generate additional income on a stock holding, reducing overall portfolio risk. Furthermore, options can be used to implement strategic risk management practices. For instance, the use of spreads – buying and selling options simultaneously – can limit potential losses while still providing the opportunity for gains. These strategies can help investors define their risk and reward parameters more precisely. Furthermore, options trading involves less capital outlay compared to buying the underlying assets outright. This lower initial investment can reduce financial exposure, making options an attractive choice for those with limited capital but who still want to participate in market movements. At the same time, the lower initial investment can imply a much higher level of risk, so comprehensive research is crucial before making trades. In summation, while options trading does carry risks, these can be effectively managed through education, conservative strategies and prudent risk management practices. By dispelling the misconception that options are inherently too risky, average investors can begin to explore how these financial instruments might fit into their broader investment strategy and offer valuable tools for portfolio protection and growth. Taking A Knowledgeable Course Of Action Options are versatile tools for investors looking to enhance their portfolios. While options trading does carry risks, these can be effectively managed through education and experiential learning. Cboe Global Markets (BATS: CBOE), the leading derivatives-based index provider in the world, has The Options Institute, an educational platform that provides both beginners to options trading and professional traders a forum to familiarize themselves with foundational knowledge on options or learn new developments taking place within the investment derivatives landscape. Cboe's Options Institute provides comprehensive courses and tools, equipping investors with the knowledge needed to navigate the complexities of options trading effectively. With proper education, a clear understanding of how options work and strategic risk management, investors of all levels can effectively use options to achieve their financial goals. Featured photo by Nicholas Cappello on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 23, 2024 08:30 AM Eastern Daylight Time

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Classiq Transforms Quantum Computing with Qmod, The First High-Level Language for Quantum Programming

Classiq Technologies

Classiq today announced the general availability of Qmod (Quantum Modeling Language), the first high-level language (HLL) for quantum coding. Following successful pilot projects with enterprise partners, Qmod is now accessible to developers, researchers and enterprises worldwide and will transform quantum computing with its efficient, approachable method of programming. Qmod facilitates advanced quantum modeling and enables developers to describe quantum algorithms at a high level of abstraction. It supports unique quantum-computing concepts alongside conventional constructs found in high-level classical programming languages. This innovative approach allows developers to focus on the functional intent of their algorithms while Classiq’s powerful compiler and synthesis engine handle the intricate hardware-aware quantum implementation details. “To deliver a business or scientific value, quantum computing must be useful and accessible to scientists and engineers seeking to use quantum computing to solve real-world problems, which today it is not,” said Heather West, PhD, Research Manager, Quantum Computing at IDC. “Today, programming a quantum computer happens at the hardware level, making the technology only accessible to quantum physicists and other quantum specialists. As we begin to talk about quantum utility and near-term applications, abstraction-level application programming will become a necessity for wide-spread quantum adoption and usage.” Why The Qmod Language Is Different Declarative programming: Qmod’s declarative nature lets users define what their algorithm should achieve rather than how to achieve it; Classiq’s synthesis engine compiler optimizes for hardware and other constraints automatically. Flexibility and interoperability: Whether through native syntax, Python or graphical representation, Qmod descriptions are easily translatable and compatible across different formats and hardware. Industry-ready: Qmod is a tool for researchers and industry applications, providing robust scalable solutions for enterprise-grade quantum software development in an era of steadily growing qubit counts and the resulting coding complexity. “As we go further in building a complete quantum software stack, our groundbreaking Qmod language enables quantum experts to produce sophisticated programs while also allowing developers without a quantum background to innovate and solve complex problems across a variety of industry domains,” said Nir Minerbi, CEO and co-founder of Classiq. “By abstracting the complexities of quantum programming, Qmod delivers the ability to create and deploy dynamic quantum applications effortlessly. In some cases, it’ll use perhaps five lines of code instead of the traditional 100 lines of code. Like Java for the worldwide web or BASIC for PCs, Qmod is intended to open the gates to advanced quantum implementation.” Classiq’s platform ensures that quantum algorithms designed with Qmod can be seamlessly compiled for a broad range of hardware and simulation environments, as well as supporting seamless HPC integration. The platform's synthesis engine dynamically adapts implementations to different hardware configurations, allowing for rapid benchmarking and ensuring optimal implementations that make the very most of the available hardware. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC, and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and https://www.classiq.io to learn more. Contact Details Rainier Communications Michelle Allard McMahon classiqPR@rainierco.com Company Website http://www.classiq.io/

July 23, 2024 08:00 AM Eastern Daylight Time

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Classiq and QuEra Announce Integration of Neutral-Atom Quantum Computers into Classiq Platform

Classiq Technologies

Classiq, the leader in quantum software development, and QuEra Computing, the leader in neutral-atom quantum computing, today announced a strategic collaboration to integrate QuEra’s cutting-edge neutral-atom quantum computers into the Classiq platform. This integration will enable customers to optimize a wide variety of quantum and hybrid quantum/classical algorithms for QuEra’s quantum computers, leveraging the unique capabilities of QuEra’s advanced quantum technology. With this collaboration, Classiq users will be able to exploit the distinctive features of QuEra’s neutral-atom quantum computers, such as the ability to simultaneously operate on multiple qubits and advanced qubit shuttling. Additionally, the integration provides access to Classiq’s extensive pre-written algorithmic blocks and allows customers to estimate the resources needed to run their algorithms. These capabilities enable the creation of highly resource-efficient algorithms with a large number of qubits and, in the future, for logical qubits as well. “Our partnership with QuEra represents a significant step forward in the quantum computing landscape,” said Nir Minerbi, CEO of Classiq. “By integrating QuEra’s neutral-atom technology into our platform, we are providing our users with unprecedented opportunities to enhance and optimize their quantum algorithms. This collaboration underscores our commitment to delivering the most versatile and powerful quantum computing solutions available.” “We are thrilled to collaborate with Classiq and bring the power of our neutral-atom quantum computers to a broader audience,” said Yuval Boger, Chief Commercial Officer of QuEra. “Classiq’s platform is renowned for its ease of use and flexibility, and by integrating our technology, we can help users unlock new potential and achieve groundbreaking results in their quantum computing projects.” The integration of QuEra’s quantum computers into the Classiq platform is expected to accelerate the development and deployment of quantum applications across various fields, including pharmaceuticals, finance, logistics and more. Customers who have purchased on-premises computers will be able to use the Classiq platform for the rapid development of quantum algorithms. This partnership highlights the ongoing commitment of both companies to drive innovation and make quantum computing more accessible and impactful. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking you from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC, and quantum simulators. Backed by investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking quantum engine. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, and visit the Slack community and https://www.classiq.io to learn more. About QuEra QuEra Computing is the leader in commercializing quantum computers using neutral atoms—widely recognized as a highly promising quantum modality. Based in Boston and built on pioneering research from nearby Harvard University and MIT, QuEra operates the world’s largest publicly accessible quantum computer, available over a major public cloud and for on-premises delivery. QuEra is developing large-scale, fault-tolerant quantum computers to tackle classically intractable problems, becoming the partner of choice in the quantum field. Simply put, QuEra is the best way to quantum. For more information, visit us at quera.com and follow us on X or LinkedIn. Contact Details Rainier Communications on behalf of Classiq Michelle Allard McMahon classiqPR@rainierco.com Merrill Freund on behalf of QuEra +1 415-577-8637 press@quera.com Company Website http://www.classiq.io/

July 23, 2024 08:00 AM Eastern Daylight Time

Vymo Receives Prestigious Advanced Functionality Ranking from Celent for Distribution Management

Vymo, Inc.

Vymo, a leading multi-channel distribution management platform powered by AI for the global insurance industry, announced today that Celent, a renowned research and consulting firm focused on financial services technology, recognized Vymo in its new report, Insurance Distribution Management Solutions: North America Edition. Celent notes that use of distribution management systems is increasing and growing more sophisticated, as market changes such as insurance agency consolidation, the proliferation of channels, and the growing demand for data, take hold. The report profiles 14 distribution management solutions including Vymo, outlining their functionality, customer base, technology, implementation, and support as a “first step toward creating a shortlist of vendors for evaluation” for insurance companies. “We are pleased to announce that Vymo Distribution Management has earned Celent’s prestigious Advanced Functionality ranking in the category of Compliance in the 2024 Distribution Management SolutionScape,” said Karlyn Carnahan, head of Celent’s North American insurance practice. “Vymo's compliance solution, powered by AI and Gen AI, not only enhances productivity but also fosters innovation. This recognition underscores Vymo's unwavering dedication to delivering exceptional technology solutions for the insurance industry.” Eric Bustos, General Manager of Vymo’s U.S. operations, noted: “Our suite of modular applications ensures effective and adaptable solutions to enhance the producer experience at pivotal stages in the producer lifecycle. From agent recruiting and onboarding to activity tracking, training, and sales enablement through intelligent lead management, our technology enhances agent performance. Today, Vymo is honored to be recognized by Celent for our excellence in the producer compliance sector. This recognition marks a significant milestone in our mission to expand our North American presence and provide cutting-edge technology and services to insurance companies and agencies across the region.” About Vymo® Vymo is a global provider of a smart distribution management platform powered by AI to deliver data-driven insights and transform the way your business operates. Meticulously crafted for insurers, MGAs, FMOs, IMOs, and insurance distributors who have outgrown legacy sales and account management tools and require greater automation for producer administration and sales processes. Vymo's platform features a suite of modular applications – including OnboardIQ and EngageIQ, and is engineered to deliver a superior producer experience through critical steps in the sales process; such as onboarding, compliance, activity tracking, and sales enablement. Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann India Investments and is also a winner of CB Insights' and Microsoft's 'AI for All' awards. Additional Resources: Vymo Distribution Management Platform Vymo OnboardIQ Vymo EngageIQ for Leaders Vymo EngageIQ for Sellers U.S. Media Contact: Meir Kahtan MKPR mkahtan@rcn.com +1 917-864-0800 Vymo, Inc. Michael Palmisano Vice President, Marketing 440 N Wolfe Rd. Sunnyvale, CA 94085 Web: https://getvymo.com/ Blog: https://getvymo.com/blog All other registered trademarks, trademarks, or service marks belong to their respective companies. Contact Details MKPR for Vymo Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://getvymo.com/

July 23, 2024 08:00 AM Eastern Daylight Time

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