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Applied Intuition Closes Over $300M in Secondary Round and Welcomes New Investor Fidelity Management & Research Company

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MOUNTAIN VIEW, Calif., July 25, 2024 /PRNewswire/ — Applied Intuition, a Silicon Valley-based vehicle software supplier for automotive, trucking, construction, mining, agriculture and other industries, today announced it has closed a secondary round of over $300 million and welcomes Fidelity Management & Research Company as a new investor. Existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated. As part of the secondary sale, investors purchased equity from current employees, former employees, and early investors.

“It’s fantastic to have the support of top-tier, long-term institutional investors,” said Qasar Younis, co-founder and CEO of Applied Intuition. “This secondary round is a testament to our growth, and it marks our third tender offer with some of our biggest shareholders — our employees. Recruiting world-class talent and rewarding them for their hard work is a hallmark of Silicon Valley’s success.”

The oversubscribed secondary round comes on the heels of Applied Intuition raising a $250 million Series E announced back in March. The Series E funding is being used to grow Applied Intuition’s team and expand the company’s AI-powered product portfolio to continue meeting customer needs.

“Applied Intuition is going full speed ahead and benefiting from the extraordinary confluence of AI, autonomous driving, and electrification,” said Peter Ludwig, co-founder and CTO of Applied Intuition. “Every customer we meet wants to build future-proof products and looks to us as a mission-critical partner.”

2024 is already shaping up to be another momentous year for Applied Intuition. The company recently launched an off-road autonomy stack solution enabling safe navigation of complex unstructured terrain, a generative AI tool that creates simulation scenarios up to 40 times faster, a hardware-in-the-loop testing software and an automated parking development solution. The company also announced partnerships with Porsche AG and Audi, further demonstrating automotive OEM trust in the brand.

About Applied Intuition

Applied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. Founded in 2017, Applied Intuition delivers the definitive ADAS/AD toolchain, a world-class vehicle platform and an autonomy stack to help customers shorten time to market, build high-quality systems and create next-generation consumer experiences. Eighteen of the top 20 global automakers trust Applied Intuition’s solutions to drive the production of modern vehicles. Applied Intuition serves the automotive, trucking, construction, mining, agriculture and defense industries and is headquartered in Mountain View, Calif., with offices in Ann Arbor and Detroit, Mich., Washington, D.C., Munich, Stockholm, Seoul and Tokyo. Learn more at appliedintuition.com.

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SOURCE Applied Intuition

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Thinkfree showcases AI-Driven future workplace at CES 2025

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LAS VEGAS and SEOUL, South Korea, Dec. 27, 2024 /PRNewswire/ — Thinkfree, a global software company in productivity tools and AI technology, will participate in CES 2025, taking place in Las Vegas from January 7 to January 10, 2025. During the event, Thinkfree will present its vision for the future workplace powered by AI technologies.

Thinkfree will present scenarios showcasing the potential of AI to revolutionize productivity in next-generation workspaces, including autonomous vehicles and smart offices. Visitors will explore how Thinkfree solutions enable efficient data access, accurate information discovery, key detail summarization, and streamlined collaboration in mobile or in-vehicle work environments.

Thinkfree’s suite of advanced solutions powers these transformative experiences, including Thinkfree Office Online – a web-based productivity suite, Refinder AI – an AI-powered enterprise search and assistant solution, Thinkfree Drive – an integrated cloud storage and office platform, and Thinkfree Intellect – a tailored knowledge management service designed for enterprises.

Deekay Kim, CEO of Thinkfree, stated, ” As the digital transformation of work environments progresses, Thinkfree is committed to harnessing our expertise in productivity tools and AI to drive efficiency in the future workplaces, such as autonomous vehicles and smart offices. CES 2025 will provide us with the perfect platform to highlight our innovations to the global market and encourage partnership that will help define the future of work.”

Visitors to Thinkfree’s booth in North Hall, Booth #8676, at the Las Vegas Convention Center can experience solutions such as Thinkfree Office Online and Refinder AI, with experts on hand to offer guidance on technology integration and partnership opportunities.

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SOURCE THINKFREE

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ROMOSS to Unveil Next-Gen Power Solutions at CES 2025

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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — ROMOSS, a global leader in 3C accessories, is set to unveil its latest innovations at CES 2025, marking another milestone in consumer energy solutions. During the event, the brand will introduce its new ultra-thin magnetic power bank and a fresh series of products for cycling use. Attendees are invited to experience the products at ROMOSS’s booth at the Las Vegas Convention Center, South Hall 2, Booth 35900.

ROMOSS has established itself as a prominent global brand, specializing in a wide range of charging products, including power banks, portable power stations, charging cables, and chargers. With a customer base exceeding 100 million worldwide, the brand is dedicated to creating stylish, highly functional, and market-driven charging solutions.

In addition to launching new products, ROMOSS will showcase a selection of its popular offerings at CES 2025. These include power banks from the MagCarry, MagAir, GoldenBox, and FlashPower series.

A standout product, the ROMOSS MagCarry 10000mAh 30W/15W Magnetic Power Bank, exemplifies the brand’s commitment to innovation. With a 10000mAh capacity, it features MagTrinity Tech for seamless compatibility with Apple devices, two-way 30W wired charging, and a built-in portable cable. Its 15N magnetic force ensures a secure connection, making it ideal for travel and on-the-go use.

Lightweight and easy to carry, The ROMOSS 5000mAh MagAir Power Bank features an ultra-slim 0.3-inch design, 14N magnetic force, and a fashionable metallic texture. It offers 20W and 15W charging options, combining style and functionality for on-the-go power needs.

The ROMOSS GoldenBox (Elite) Combo is a 5000mAh power bank with 20W and 15W magnetic charging. It includes a built-in card holder, 15N magnetic force, a foldable stand, and a premium metal texture, offering both style and functionality.

For those needing more power, the ROMOSS FlashPower series offers high-capacity options of 10,000mAh and 20,000mAh. With 130W max power, multi-protocol compatibility, a full-color LCD screen, and a durable anodized aluminum alloy shell, it is perfect for heavy-duty use and extended trips.

Beyond power banks, ROMOSS will also present an array of noteworthy products, such as the ROMOSS X1000 Portable Power Station, the brand’s first expandable portable power station. As part of the EXPLORE series, the X1000 is ideal for outdoor enthusiasts and professionals and can charge up to ten devices simultaneously, including laptops, smartphones, and drones. With a 1008Wh battery and 1000W inverter, it provides stable power for various scenarios. Expandable to 16kWh with a 4000W output, it meets household energy needs during outages.

These products reflect ROMOSS commitment to enhancing user experience and addressing the diverse needs of modern consumers. By focusing on functionality and design, we aim to redefine convenience in charging solutions.

ROMOSS aims to deeply engage with the style-conscious younger generation, offering premium products tailored to their preferences through meticulous market research. ROMOSS versatile products for camping, outdoor events, and everyday use are designed to stay trendy and attractive.

With a robust global marketing network and an annual shipment volume exceeding 50 million units, ROMOSS has established a strong presence in regions such as East Asia, Southeast Asia, and Southern Africa. The integration of online and offline channels has been instrumental in solidifying its position as a market leader.

To explore more on ROMOSS’s technological innovations, please visit its booth (LVCC, South Hall 2, Booth 35900) during CES 2025. For more information, please visit ROMOSS’s official website at ROMOSS CES, or follow the brand on social media:

Facebook: https://www.facebook.com/romosspage/
Instagram: https://www.instagram.com/romoss_global/
TikTok: https://www.tiktok.com/@romossus
YouTube: https://www.youtube.com/@RomossGlobal/videos

Media Contact
Sandra Lee, Sales Manager: sales@romoss.com
Janice Wong, Overseas Marketing, marketingteam@romoss.com 

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SOURCE ROMOSS

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Inspira™ Announces Pricing of $3.2M Private Placement by New and Existing Investors of the Company

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RA’ANANA, Israel, Dec. 27, 2024 /PRNewswire/ — Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN), (NASDAQ: IINNW), (“Inspira Technologies,” “Inspira” or the “Company”), a groundbreaking respiratory support technology company, a pioneer in life-support technology, today announced the pricing of a private placement offering consisting of the issuance and sale of 4,608,715 ordinary shares, no par value per share (or pre-funded warrants in lieu thereof) and ordinary warrants to purchase up to 4,608,715 ordinary shares, at a combined purchase price of $0.70. The ordinary warrants have a term of eighteen months and have an exercise price of $1.10 per share.

 

 

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The closing of the private placement is expected to occur on or about December 30, 2024, subject to the satisfaction of certain customary closing conditions.

Dawson James Securities is acting as the exclusive placement agent for the private placement.

The securities described above were offered pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D promulgated thereunder. The securities have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Inspira™ Technologies OXY B.H.N. Ltd.

Inspira Technologies is an innovative medical technology company in the life support and respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™ ART), a groundbreaking device poised to revolutionize the $19 billion mechanical ventilation market. With 20 million intensive care unit patients with acute respiratory failure each year, many of whom rely on mechanical ventilators, the INSPIRA ART offers a potential alternative by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilators, with patient being awake during treatment. The INSPIRA ART is being equipped with the HYLA™ blood sensor technology, a real-time continuous blood monitoring technology, aiming to alert physicians of changes in a patient’s condition without the need for intermittent actual blood samples, and potentially supporting physicians in making informed decisions.

The Company’s INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in Cardiopulmonary Bypass procedures, along with the Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures.

The Company’s other products and technologies, including the INSPIRA ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device, VORTX orbiting Oxygen Delivery System and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans and have not been approved by any regulatory entity.

For more information, please visit our corporate website: https://inspira-technologies.com.

Forward-Looking Statements

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected use of proceeds and the expected closing of the private placement. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov.

Contact:

For more information, contact:
Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485

Logo – https://mma.prnewswire.com/media/1668495/Inspira_Technologies_Logo.jpg

 

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SOURCE Inspira Technologies

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