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Trio Mobil Secures $26.5M in Growth Financing Led by NewSpring to Revolutionize Workplace Safety and Efficiency with AI and IoT

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PHILADELPHIA, July 29, 2024 /PRNewswire/ — Trio Mobil, a leading provider of AI and IoT solutions for workplace safety and efficiency and a trusted partner for an impressive roster of Fortune 500 companies, has secured $26.5M growth financing led by NewSpring through its dedicated growth equity strategy, NewSpring Growth, focused on delivering working capital to scale fast-growing technology companies. Existing investors 212 and TIBAS Ventures also participated in the round. This investment marks a significant milestone in Trio Mobil’s mission to transform workplace safety and operational efficiency across various industries.

Trio Mobil is at the forefront of innovation, pioneering advanced solutions that enhance safety and increase efficiency in industrial settings. The company offers a robust suite of solutions that meet the safety and efficiency requirements of intralogistics in facilities and warehouses, as well as highway operations.

Collaborating with leading global enterprises such as Coca-Cola, Unilever, St. Gobain, PepsiCo, Mercedes-Benz, Ford, and Beko, Trio Mobil leverages its cutting-edge AI and IoT technologies to revolutionize workplace environments. These solutions enhance safety and advance operational processes, contributing to more productive industries worldwide. Operating across 65 countries, Trio Mobil profoundly impacts workplace safety, protecting over 1 million personnel and inspiring a global shift towards safer work environments.

Addressing Unresolved Workplace Safety Challenges

Alarming statistics from reputable sources underscore the urgency and impact of improving workplace safety. The International Labour Organization reports that almost 3 million people worldwide die from work-related accidents and diseases each year, and nearly 400 million suffer non-fatal work-related injuries annually. These figures highlight the critical need for innovative solutions like those provided by Trio Mobil to mitigate risks and enhance safety protocols in the workplace.

Trio Mobil distinguishes itself in the market with its cutting-edge, comprehensive platform that delivers end-to-end supply chain solutions. This robust platform is enhanced by an array of AI-powered edge devices, including advanced safety cameras and wearables for workers, ensuring both operational efficiency and enhanced safety across various industries.

Trio Mobil’s edge AI computing technology, trained on millions of datasets from various fields, can rapidly identify the most complex safety scenarios in real-time and proactively initiate corresponding actions within milliseconds, utilizing its IoT capabilities. This advanced software sets Trio Mobil’s solution apart, establishing a superior safety network.  This system is designed to help customers achieve their global target of zero accidents, thereby preserving lives and preventing injuries.

Enhancing Global Presence and Expanding Innovation

The newly secured funding marks a significant milestone for Trio Mobil. It enhances the company’s ability to support customers globally, accelerate growth initiatives, and strengthen operations in the US and international markets. Trio Mobil is set to revolutionize workplace safety and efficiency on a worldwide scale. With this investment, Trio Mobil will continue leading the industry with its unique, innovative solutions that ensure unmatched effectiveness and safety standards, solidifying its position as a pioneer in AI and IoT technologies.

Trio Mobil’s CEO Nevzat Atakli and Investors Share Insights on Landmark Funding Round

Nevzat Atakli, CEO and Co-Founder of Trio Mobil, expressed his excitement about the growth funding: “This funding marks a pivotal moment for Trio Mobil. It highlights the transformative potential of our AI and IoT solutions in enhancing workplace safety and operational efficiency. With this investment, we are excited to advance our innovations and better support our global customers in all their operations worldwide. Our mission is to ensure that every worker returns home safely, and this funding brings us significantly closer to achieving that vision on a wider scale.”

Hart Callahan, NewSpring Partner, commented on the investment: “Trio Mobil’s groundbreaking AI and IoT technologies provide a comprehensive safety network that ensures unmatched protection across various industries. This unique approach aligns perfectly with NewSpring Growth’s commitment to supporting visionary founders and entrepreneurs. The potential for Trio Mobil to set new standards and drive advancements in their field is significant. We are excited to partner with this team as they expand their global impact and revolutionize workplace safety and efficiency.”

Numan Numan, Partner at 212, shared insights on the company’s growth: “From the early days as Trio Mobil’s initial VC backer, we’ve watched them soar from promising startup to industry pioneer. Their cutting-edge technology and visionary team aren’t just tapping into the workplace safety market – they’re poised to revolutionize it globally, redefining the future of IoT industries worldwide. We’re thrilled to welcome NewSpring as we embark on the next chapter of this extraordinary journey.”

About Trio Mobil

Trio Mobil is a US-based company offering the industry’s only combined AI and IoT safety and efficiency solutions for manufacturing and warehousing businesses. With over 500,000 connected devices in 65 countries and 2,000+ customers, Trio Mobil has been instrumental in enhancing the operations of well-known brands such as Coca-Cola, Unilever, PepsiCo, Mercedes-Benz, Ford, Beko, and many more.

The company takes pride in its track record of saving lives and preventing injuries through innovative solutions. As the industrial safety and efficiency market grows, Trio Mobil remains committed to addressing unresolved safety issues and driving exponential growth.

For more information on Trio Mobil’s solutions, visit www.triomobil.com.

About NewSpring

NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $3.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having completed over 250 investments, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond.

Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries.

To learn more, visit www.newspringcapital.com.

About 212

212 is a venture capital firm with deeply rooted global networks that bring in growth partners and back bold, growth-stage tech companies across Turkey, CEE, and MENA. Currently, the fund manages over $130M of committed capital across 30 active investments. 212’s time-tested strategy is to advance B2B tech solutions with demonstrated traction, a precise product-market fit, and founders who are ready and eager to scale internationally.

As a firm believer in investing in teams, 212 has built a diverse and dynamic team over a decade while establishing and leveraging a robust presence in Istanbul, London, Dubai, Doha, and San Francisco. Over two funds, 212 has created more than $2B in value by investing in early-stage technology startups.

For more information, please visit: www.212.vc 

About TIBAS Ventures

TIBAS Ventures (formerly 100th Year Venture Capital) is the corporate venture capital arm of Isbank, Turkey’s first and largest private bank. Founded in 1924 with the mission of supporting new businesses and boosting the economy, Isbank continues to support entrepreneurs of the next century in its 100th year.

TIBAS Ventures supports technology driven global startups with exceptional founders and committing to their long-term success and sustainable growth with its sector-agnostic investment philosophy.

For more information, please visit: https://100yvc.com/

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SOURCE NewSpring

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Doo Group Strengthens Global Reach with CySEC License for Doo Financial

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LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.

Expanding Regulatory Reach

The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.

“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU

Strengthening Client Confidence

Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.

By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.

About Doo Group

Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.

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Liberty General Insurance Continues to Drive Insurance Awareness and Inclusion with ‘Suraksha ka Vaada Bima ke Saath’ Initiative Across Delhi and Punjab

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NEW DELHI, Nov. 15, 2024 /PRNewswire/ — Liberty General Insurance, one of the leading non-life insurance companies in India and the lead insurer for Delhi under the Insurance Regulatory and Development Authority of India’s (IRDAI) State Insurance Plan, is spearheading an insurance awareness initiative in Delhi. While there are no gram panchayats in Delhi, Liberty continues to drive insurance awareness through grassroots and digital outreach.

In parallel, Liberty is fulfilling its rural and social obligations by focusing on underserved areas in Punjab. This effort includes a recently initiated awareness campaign across 400 gram panchayats in Punjab to expand insurance penetration and increase accessibility in these regions.

In Delhi, Liberty continues to create awareness under ‘Suraksha ka Vaada Bima ke Saath’ initiative launched in 2023. This October Liberty began with a Door-to-Door Campaign across North-West and North East Delhi, reaching over 1600 households in Karala Village, Budh Vihar, Kanjawala Village and Begumpur, Burari, Kanhiya Nagar, Rampura, and Jahangirpuri, achieving over 25000 impressions. Over nearly a month, Liberty’s teams engaged with residents, distributing leaflets and explaining the benefits of motor and health insurance. This campaign was followed by the ‘Nukkad Natak’ (Street Play) initiative in South Delhi, targeting key neighborhoods of Sarojini Nagar, Lajpat Nagar, Nirman Vihar, Lakshmi Nagar, and Begumpur chowk market. The street plays used interactive performances to educate communities on the importance of insurance and dispel common myths. To reinforce the message, Liberty’s team also disseminated copies of the ‘Wise Ways of Insurance’ booklet—a unique resource developed to demystify insurance products and promote informed decision-making. The booklet, which is being translated into vernacular languages, is also being distributed in other states as part of Liberty’s commitment to financial literacy across India.

Complementing its on-ground efforts, Liberty General Insurance continues to leverage social media to drive targeted insurance awareness campaigns. Recognizing that widespread mobile access allows more people to connect online, Liberty reaches both rural and urban audiences, empowering individuals everywhere with the knowledge needed to make informed financial decisions.

Commenting on this awareness drive, Mr. Parag Ved, CEO & Whole-Time Director, Liberty General Insurance said, “Our ‘Suraksha ka Vaada Bima ke Saath’ campaign is an effort in line with IRDAI’s ‘Insurance for All by 2047’ vision, towards empowering communities across Delhi, Punjab, and beyond with the financial security that insurance provides. With general insurance penetration in India still at less than 1% of its GDP, there is a pressing need to educate communities and break down the barriers to understanding the importance of insurance. Liberty will ensure that its wide distribution network makes policies accessible to all, so that every citizen—no matter where they are—can access the financial safety net that insurance offers.”

“Liberty is committed to fostering a culture of financial resilience where every Indian can feel secure about their future. Together, we are building a future where insurance isn’t just a product but a promise of protection and peace of mind,Mr. Ved added.

Looking ahead, Liberty will be rolling out a transit media campaign across South Delhi in December, utilizing branded auto rickshaws to increase visibility and connect with residents in this vibrant area of the capital. By leveraging transit media, Liberty aims to bring insurance awareness into people’s daily routines, making information accessible in familiar, everyday settings. This campaign builds on the success of previous awareness initiatives and reinforces Liberty’s commitment to educating and empowering individuals about insurance.

About Liberty General Insurance

Liberty General Insurance Ltd. (LGI) is a joint venture between Summit Asia Investment Holdings PTE Ltd.— a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the U.S., Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an employee strength of 1100+ with presence across 100+ locations in 28 states and UTs. Its partner network consists of about 6000+ hospitals and more than 5000 auto service centres. The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, engineering insurance, marine insurance, liability insurance and property insurance among other products in India.

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Hikvision unveils WonderHub and elevates smart collaboration across industries

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HANGZHOU, China, Nov. 15, 2024 /CNW/ — Hikvision unveiled its fully upgraded smart collaboration business. The event showcased a range of innovative products designed to transform collaboration in education, meetings, retail, and more. Among the highlights were cutting-edge solutions like WonderHub interactive displays, digital signage, and video conference devices. These products underscore Hikvision’s commitment to driving digital transformation and enhancing user experiences in an increasingly connected world.

At the heart of this ecosystem is WonderHub, which features WonderOS, an AI-powered platform that seamlessly connects devices and enhances collaboration. With tools like WonderSpark for interactive whiteboards and WonderCast for wireless content sharing, WonderHub enables users to communicate, create, and collaborate more effectively than ever.

Boosting Classroom Engagement with Innovative Solutions

In education, WonderHub is designed to elevate classroom experiences. The interactive displays enable students to share and express ideas effortlessly, creating a more engaging and dynamic learning environment. The built-in WonderSpark smart whiteboard software uses AI to recognize equations, provide solutions, and generate interactive 3D teaching materials across subjects like mathematics, chemistry, and natural sciences. Teachers can also access licensed images and videos through Creative Commons integration, enriching lesson content and boosting student engagement.

Classrooms equipped with WonderHub also benefit from multi-window modes and a suite of 19 educational tools. These include subject-specific templates and interactive applications. For remote learning, WonderHub integrates seamlessly with third-party conferencing platforms, allowing students to collaborate in real-time, no matter their location.

Empowering Business Meetings with Intelligent Features

Hikvision’s smart collaboration solutions transform business meetings into more efficient and immersive experiences. The WonderHub Ultra Series allows users to easily connect personal devices and leverage the interactive display’s camera, speakers, and microphone for high-quality remote conferencing. The HiSpire meeting management system streamlines meeting logistics, including room scheduling, attendee notifications, post-meeting summaries, and distribution of materials.

Advanced AI features, such as auto-framing and speaker tracking, ensure optimal video quality. Meanwhile, app-free screen casting allows for easy sharing of presentation materials. The X12 and X28 audio-video cameras offer enterprises tailored setups to suit meeting rooms of any size, ensuring seamless communication with high-definition video and precise audio capture.

Transforming Retail Spaces with Dynamic Digital Signage

Hikvision has also advanced its digital signage solutions to enhance customer engagement in retail scenarios. The vibrant displays and centralized content management allow retailers to effectively capture attention. High-brightness window displays attract passersby with promotions and new product highlights. Meanwhile, floor-standing signage supports interactive features, such as self-service ordering. The HikCentral FocSign platform enables retailers to remotely manage and distribute content across multiple locations, improving operational efficiency and ensuring consistent branding.

These digital signage solutions, including the DP and DL series, boast superior brightness and clarity, ensuring visibility even in strong lighting conditions. The displays run on Hikvision’s self-developed platform and support WonderCast wireless casting, enabling quick and easy content sharing from various devices.

Since entering the smart collaboration market in 2017, Hikvision has rapidly become a leading global player. With over 300,000 units sold across more than 140 countries and regions, Hikvision’s smart collaboration business exemplifies the company’s commitment to innovation, quality, and user-centric design. As a key highlight of this evolution, the fully upgraded WonderHub represents the next leap forward in smart collaboration technology.

By bridging advanced technology with practical applications, WonderHub, along with Hikvision’s broader range of smart collaboration solutions, is leading the way in providing more efficient and intelligent solutions for users worldwide.

For more information about Hikvision’s smart collaboration products and solutions, please visit Hikvision’s official website.

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SOURCE Hikvision Digital Technology

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