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Revizto Announces Minority Investment from Summit Partners to Continue Propelling the AECO Industry Forward

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LAUSANNE, Switzerland, July 10, 2024 /PRNewswire/ — Revizto, a leader in collaboration solutions for the Architecture, Engineering, Construction and Operation (AECO) industry, today announced a minority investment from global growth equity investor Summit Partners. The partnership, which comes in the form of a secondary investment, will focus on supporting Revizto’s team expansion, product development, and continued global growth.

“We truly believe Revizto is becoming the industry standard.” – Antony Clavel, Managing Director, Summit Partners.

Revizto launched its software in 2012 with a vision to transform the AECO industry by providing an unparalleled Integrated Collaboration Platform designed to help customers effortlessly turn every project into reality. The company delivers a user-friendly, cloud-based platform purpose-built to enable architects, engineers, contractors and owners to collaborate in a 3D and 2D environment. The platform is designed to be accessible to all project team members, regardless of their technical skills or location —whether in-office, on-site, or on any device. By providing a single source of truth for construction collaboration, Revizto empowers project stakeholders to speed up project delivery, reduce rework, and cut costs. Today, Revizto serves over 260,000 users across more than 2,500 customers worldwide, including leading global firms such as AECOM, Jacobs, McCarthy Building Companies, Mortenson, Consigli, John Holland, Lendlease, Arup, and Red Sea Global.

“I am thrilled to announce that Summit Partners has joined us in our mission of revolutionizing collaboration by empowering project teams to build better together,” said Arman Gukasyan, Founder and CEO of Revizto. “In Summit, we have found a partner who shares our commitment and excitement for digitizing the AECO industry, as well as an alignment with our team’s DNA and people-centric company culture. While we didn’t need funding, we are confident that this partnership will help propel Revizto forward, providing perspective and resources that will allow us to accelerate development and market expansion, while maintaining a focus on delivering high-quality user-centric solutions.”

This partnership comes at a time of strong momentum, growth and innovation for Revizto. The company’s latest product releases—including the launch of their groundbreaking Phone App and built-in Clash Automation, Augmented Reality (AR), and QR code generation functionality—underscore Revizto’s commitment to deliver leading technological advancements in the AECO sector. These innovations are designed to enhance user experience and project outcomes by enabling real-time collaboration and decision-making. Additionally, Revizto was recently honored with Switzerland’s Best Managed Companies award, recognizing the company’s overall business performance and management practices, further validating its dedication to excellence in the industry.

“As the number and complexity of construction and infrastructure projects increases globally, we believe the AECO industry is ripe for digitalization. With an innovative platform – differentiated by its use of gaming technology, mobile accessibility and user-centric features – Revizto has seen enthusiastic user adoption across 80,000 projects worldwide, driving impressive, profitable growth for the past several years,” said Antony Clavel, a Managing Director with Summit Partners who has joined the Revizto Board of Directors. “We truly believe Revizto is becoming the industry standard among the largest and most respected construction and engineering firms around the world, and we are excited to be a part of the company’s future as they continue to deliver solutions needed to push the industry forward.”

About Revizto
Revizto, a Swiss-based company, launched coordination software for the Architecture, Engineering, Construction & Operation (AECO) industry in 2012 and quickly became the fastest-growing Integrated Collaboration Platform. Using gaming technology and cloud solutions, Revizto provides a collaboration platform for 3D and 2D workflows that enables users to work and communicate with all project stakeholders in a unified single environment. The platform is utilized globally for real-time coordination, automated clash detection, and issue tracking throughout the lifecycle of a building or infrastructure project.

Revizto empowers teams to drive accountability, improve timelines and maximize cost-savings by connecting contributors from across platforms, model types and teams, from in-office, on-site, and any device. As a result, thousands of firms around the world are using Revizto to make better decisions and minimize rework.

For more information about Revizto, please visit www.revizto.com or follow on LinkedIn.

About Summit Partners
‍Founded in 1984, Summit Partners is a global alternative investment firm with capital dedicated to growth equity, fixed income, and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 550 companies in technology, healthcare, and other growth industries. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please visit www.summitpartners.com or follow on LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/revizto-announces-minority-investment-from-summit-partners-to-continue-propelling-the-aeco-industry-forward-302192712.html

SOURCE Revizto

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THIRDREALITY Showcases Latest Innovations in Smart Home Technology at CES 2025

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LAS VEGAS, Jan. 2, 2025 /PRNewswire/ — THIRDREALITY, a leader in the smart home technology industry, is excited to present its latest breakthroughs at CES 2025, which promise to enhance the daily living experience through superior integration and functionality. Visit us at the Venetian Expo, Booth 52565 from January 7-10.

This year, THIRDREALITY is thrilled to unveil several key products, each designed to address specific aspects of home automation and user convenience:

Smart Hub Gen3: Supports both Zigbee and Matter protocols. With local storage, cloud services, and local routine support, you can enjoy exceptional smart home control. Whether it’s home automation or remote management, experience reliable and efficient smart living.Motion Sensor R1: Powered by a 5.8G mmWave radar sensor for customizable detection with adjustable sensitivity. Battery-powered for easy installation, making smart home integration effortless and seamless.Smart Switch MT1: The first Thread product of THIRDREALITY. This product embodies the brand’s commitment to innovation, leveraging advanced Thread technology for exceptional responsiveness and seamless smart home integration, paving the way for the future of smart living.Smart Plug with Wi-Fi Sense: Transform your Wi-Fi into a powerful motion-sensing network with WiFi Motion. This camera-free, AI-driven solution provides motion alerts and analysis while safeguarding your privacy.Smart Blind Gen2: Designed for large windows (34 to 80 inches) and equipped with dual motors for smooth operation. With up to 1.5 years of battery life, it supports customization for various window needs.Water Leak Sensor KM1: Protect your home with our comprehensive water leak detection kit—featuring an 80-meter range, customizable alarm alerts, and seamless Matter compatibility. Stay connected and secure with reliable, scalable leak monitoring.

THIRDREALITY will also introduce the ListenCare Senior Speaker, a sound solution designed specifically for seniors with hearing impairments. This speaker enhances the daily lives of the elderly by offering clear, customizable audio. Featuring ultra-low latency technology, it ensures perfect synchronization between audio and visual media, while flexible volume control and personalized sound frequency settings allow users to adjust audio to their specific hearing needs. Whether for watching TV or enjoying music, the ListenCare Senior Speaker ensures every note and word is crystal clear, making it a perfect addition to any senior’s home environment. This innovative product highlights THIRDREALITY’s commitment to enhancing accessibility and quality of life for the elderly through smart technology.

We invite all CES attendees to our booth to experience these transformative technologies in action. For more information about THIRDREALITY and our range of products, please visit our official website at www.3reality.com.

About Third Reality:

Third Reality is a smart home technology company, dedicated to developing high-quality, user-friendly, and secure smart home products. Through continuous innovation and a deep understanding of market needs, the company strives to provide an improved smart home experience for users worldwide.

For more information, please visit www.3reality.com or follow our social media platforms.

Related Links:

Facebook: https://www.facebook.com/ThirdReality.offical
Twitter: https://twitter.com/thirdrealityinc
YouTube: https://www.youtube.com/channel/UCG_rpEZrPoJNErGtvh5juHg
TikTok: https://www.tiktok.com/@thirdrealityofficial
Instagram: https://www.instagram.com/thirdreality_inc 

Media Contact:
Tina Zhu
Marketing Manager
Third Reality, Inc.
info@3reality.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/thirdreality-showcases-latest-innovations-in-smart-home-technology-at-ces-2025-302340539.html

SOURCE Third Reality, Inc.

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Guns.com Outpaces Competition in 2024, Surging Momentum Carries into 2025

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Online Retailer Continues to Revolutionize the Online Shopping Experience for Gun Owners, Manufacturers, and Local Dealers Nationwide

BURNSVILLE, Minn., Jan. 2, 2025 /PRNewswire-PRWeb/ — The future of online firearm sales is here, and Guns.com is leading the way. The fastest-growing online retailer in the firearms industry celebrates a record year in revenue with a 10% increase in customers, one of the highest growth rates in the firearm industry. More than a million new consumers shopped for the first time on Guns.com this year, on top of a strong base of loyal gun buyers. This achievement marks the biggest year for customers and firearm transactions on Guns.com since launching their retail operations in 2018. The leading online retailer has hit double-digit growth rates in sales every year since launch.

“The customer experience on Guns.com has become a benchmark in the industry. In addition to our cutting-edge technology, our success is largely due to the strategic partnerships with many of the industry’s best manufacturers and our growing network of 2,000 local FFL dealers nationwide.”

Guns.com’s leading technology provides the best online shopping experience the Second Amendment community has come to expect. With over half a billion dollars in sales since inception, local gun stores and manufacturers value a turn-key national marketplace to grow their businesses. More and more gun owners continue to prefer the innovative and modern way of buying and selling guns offered by Guns.com.

“In just six years, we have become one of the nation’s leading platforms for buying and selling firearms, suppressors, ammo, optics, and more,” says Greg Minkler, Co-CEO and CMO of Guns.com. “The customer experience on Guns.com has become a benchmark in the industry, and we are proud to be the best online shopping experience in the firearm industry. In addition to our cutting-edge technology, our success is largely due to the strategic partnerships with many of the industry’s best manufacturers and our growing network of 2,000 local FFL dealers nationwide.”

Gun owners value the ease and usability of Guns.com, finding the precise gun they want thanks to the hundreds of thousands of listings from their national network of local gun stores and manufacturers. Exceptional customer service helps gun owners through each transaction, from understanding regulations to handling paperwork and ensuring a smooth transfer experience at the customer’s FFL of choice.

Strategic Industry Partnerships

Groundbreaking partnerships with large and small manufacturers across the industry doubled in the past year as more top brands are seeing the benefits of the unique business model of Guns.com. With the ability to drive sales directly to brick-and-mortar FFL dealers, Guns.com helps manufacturers grow in-store sales through an e-commerce platform like no other company can. Challenges in reaching customers are a thing of the past for manufacturers as they partner with Guns.com to implement innovative and strategic marketing solutions with access to real-time data and monthly reports.

“Working with Guns.com has been a positive experience,” says Kamil Mroczka, director of sales at Colt’s Manufacturing Company, LLC. “Together, we combine innovative marketing with targeted sales strategies, driving growth and achieving lasting success through creativity and collaboration.”

Manufacturers can connect directly to consumers with industry-leading innovations, like in-cart instant rebates and the “Buy Now” button, linking customers directly from a manufacturer’s website to an accurate and in-stock product listing on Guns.com. Renowned manufacturers such as FN America, Colt, Glock, KelTec, Smith & Wesson, Taurus, Rossi, Heritage Manufacturing, Rock River, Ruger, Walther, B&T USA, Kimber, CZ USA, Savage Arms, and many more are capitalizing on custom-branded pages on Guns.com to enhance their presence and connect with a broader audience.

Additionally, Guns.com launched a partnership in 2024 with Silencer Central, the suppressor industry leader, to offer a growing list of suppressors to millions of customers. Featuring the award-winning BANISH® line, customers can now conveniently shop for suppressors in addition to firearms, ammo, and gear. When a customer buys a suppressor on Guns.com, the purchase is fulfilled through Silencer Central, including all required paperwork and ATF forms. Once approved, the suppressor ships directly to the buyer’s door, avoiding expensive transfer fees.

Powering Local Businesses

An expansive and fresh inventory of more than 30,000 firearms is made possible by a growing network of over 2,000 local brick-and-mortar FFL dealers and pawn brokers. Guns.com quickly connects these licensed and vetted businesses with millions of customers nationwide through a simple and powerful marketplace. Dealers are drawn to Guns.com’s low-cost, user-friendly platform, which makes inventory management, order processing, and customer service simple.

“For years, we’ve tried other listing sites, but none were as effective and easy to use as Guns.com,” says Tim Hensley at Towers Armory in Oregon, Ohio. “We partnered up with Guns.com in early 2022, and since then, we have gone from average in-house sales to an online powerhouse.”

By joining the Guns.com network, local brick-and-mortar dealers expand their consumer reach and increase their sales with a higher margin. Local dealers are at ease knowing they are not competing against big box stores, private FFLs, or non-storefront FFLs on Guns.com. Business owners and managers can also keep their firearms for sale in-store, eliminating the complexity and hassle of quarantining inventory.

Revolutionizing the Used Gun Market

Guns.com is the only online firearm retailer to offer Certified Used guns, giving customers confidence and trust when buying a used gun. All used firearms purchased by Guns.com undergo a rigorous 10-point inspection process before receiving the “Certified” badge and are listed for sale. Customers also benefit from free shipping on all Certified Used guns, and a “no questions asked” return policy.

Local firearm dealers nationwide are seeing record sales of used firearms in 2024 through Guns.com. Used and certified used firearm sales are up 12% year over year, with used firearms accounting for nearly 26% of dealer sales.

Additionally, gun owners are choosing Guns.com to sell their older or unwanted firearms to get cash or to upgrade their collection. Their innovative online system guides the gun owner through simple steps to share basic details, features, and images of their firearm. The secure and streamlined process takes gun owners two minutes to submit their firearms for appraisal on average. Once submitted, the Guns.com expert appraisal team will review the request and provide a cash offer within one business day.

“This past year saw an increase of 13% more offers made and paid to gun owners. Since launching our Gift Card payout option in July, we’ve issued hundreds of thousands of dollars in gift cards, with each customer receiving a bonus gift card up to $50. These cards can immediately be used to upgrade the gun they sold – allowing consumers to essentially trade in their old gun and upgrade to any of the tens of thousands of firearms for sale on Guns.com” states Senior Buyer for Guns.com, Mark Sims. “Our appraisal team has over 100 years of combined experience, providing hundreds of competitive offers daily.”

Guns.com invites you to experience the best, most innovative shopping experience in the firearms industry at https://www.guns.com/. If you are interested in partnering with Guns.com to elevate your business in 2025, please email marketing@guns.com.

About Guns.com

Guns.com is the ultimate destination for gun owners, revolutionizing the online firearms retail experience since 2011. With an unwavering commitment to innovation, efficiency, and exceptional customer satisfaction, they empower and equip people to exercise their Second Amendment rights. With a growing network of over 2,000 local brick-and-mortar dealers, explore an extensive collection of over 30,000 new and Certified Used firearms. Stock up on a range of suppressors, ammo, gear, and more. Stay informed with industry news, in-depth product reviews, and exclusive content from top manufacturers. Experience why Guns.com stands unrivaled as the premier online marketplace for firearms and suppressors.

Media Contact

Dave Conlan, Guns.com, 1 8044860673, dave.conlan@guns.com, https://www.guns.com/

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/gunscom-outpaces-competition-in-2024-surging-momentum-carries-into-2025-302338139.html

SOURCE Guns.com; Guns.com

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Kanerika Unveils AI Agents Redefining Workplace Efficiency

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AUSTIN, Texas, Jan. 2, 2025 /PRNewswire/ — Kanerika, a leading AI and data solutions company, has announced the launch of three AI agents: Alan, Susan, and Mike. Designed to simplify some of the most strenuous and time-consuming tasks in the workplace, these agents bring a new level of efficiency to legal document summarization, data redaction, and quantitative proofreading.

Kanerika Unveils three AI Agents Redefining Workplace Efficiency

“We believe AI agents are the future of work,” said Samidha Garud, Co-founder and CEO of Kanerika. “With the launch of Alan, Susan, and Mike, we’re addressing some common yet labor-intensive business tasks. These AI agents save valuable employee time, enhance productivity, and reflect our commitment to innovation and enterprise growth.”

Meet the AI Agents

Alan – The Legal Document Summarizer

Alan transforms lengthy legal documents into concise summaries. Users can customize summaries with simple, natural language rules tailored to their needs. With unlimited summary generation, Alan drastically reduces time spent on legal reviews, streamlining contract analysis and enhancing efficiency.

Susan – The PII Redactor

Susan ensures compliance by redacting sensitive information such as names and numbers. Upload your document, specify fields to redact, and Susan delivers a secure, redacted version to your inbox, meeting stringent data privacy standards.

Mike – The Proofreader

Mike validates documents with precision, checking quantitative data for arithmetic accuracy, and cross-document consistency. It flags discrepancies and provides a detailed report, helping businesses maintain error-free, trustworthy documentation.

Accessibility and Pricing

Kanerika is offering the basic versions of these AI agents for free, allowing users to experience the transformative potential of these tools. For those requiring advanced features, a professional version with enhanced capabilities is available at a competitive price point.

About Kanerika

Kanerika is a premier data and AI solutions company that helps enterprises enhance efficiency with innovative technologies. Known for employing cutting-edge methodologies, Kanerika delivers exceptional outcomes across industries. Certified with ISO 27701 & 27001, SOC II, and GDPR compliance, and appraised at CMMi Level 3, Kanerika is committed to quality service delivery. As a distinguished partner of Microsoft, AWS, and Informatica, Kanerika empowers businesses with robust solutions that drive growth and innovation.

For more information, please contact:
marketing@kanerika.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/kanerika-unveils-ai-agents-redefining-workplace-efficiency-302340077.html

SOURCE Kanerika Inc.

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