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Propense.ai Raises $3M in Seed Funding for AI-Driven B2B Cross-Selling Platform

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MIAMI, March 6, 2024 /PRNewswire/ — Propense.ai, a SaaS platform using AI technology to improve client service and drive cross-selling revenue for professional services firms, has raised $3 million in its first round of seed funding led by Harlem Capital. Participating investors include Operator Collective, New Enterprise Associates (NEA Angel Fund), Florida Opportunity Fund, Glass Family Office, and angels.

Combining AI technology with data science, user psychology, human behavior, and industry insights, Propense.ai anticipates client needs and streamlines the sales experience for accounting and legal professionals by providing them with highly probable cross-selling recommendations for existing customers, making it the first platform of its kind to maximize revenue opportunities for professional services firms.

Propense.ai will use funds to advance the development of the platform’s AI model and human-centered product designed to boost client fulfillment, optimize scalable growth, capture revenue leakage, and increase revenue.

A portion of the funding will be allocated towards research in the legal market, with plans to launch Propense.ai to the public in 2025, according to Timothy Keith, CEO and Co-Founder of Propense.ai.

“The most successful professional services firms are actively engaged in adding service offerings to help their clients, but often struggle with educating their teams on when to offer new services,” Keith said. “Propense.ai solves this challenge, elevating client satisfaction while also driving revenue. We’re focused on building the best cross-selling product for the professional services market and generating as much revenue as possible for our clients, and support from our investors enables us to achieve that mission.”

“Behavior is one of the most difficult factors to change in the workplace, especially when sales professionals are expected to cross-sell services they don’t understand nearly as well as their core lines of business,” Keith continued. “That’s where Propense.ai and its revenue automation capabilities come into play. Using generative AI, accounting and legal professionals can propel new revenue by anticipating and supporting their clients’ needs ahead of time.”

Investors conducted thorough due diligence during the seed round, engaging with Propense.ai’s clients to understand the challenges affecting the professional services industry and how the platform addresses them.

Suzanne Reed, chief marketing officer at LBMC, the largest professional services solutions provider based in Tennessee, is one of nine clients in Propense.ai’s invite-only beta group.

“Several platforms offer client intelligence and scoring data, but they don’t predict additional revenue streams for our clients,” Reed said. “Accountants and lawyers aren’t salespeople by trade, but Propense.ai gives them tools to proactively recommend beneficial services to their clients with confidence. Propense.ai goes beyond cross-selling by empowering accountants and lawyers to better understand all of the services their firms provide and how they align with clients’ goals, positioning them as trustworthy experts who can predict their clients’ needs ahead of time.”

Propense.ai’s innovative approach to solving problems in the market garnered attention and support from investors, according to Propense.ai Co-Founder and CTO Nnamdi Anyanwu. The business has been applauded for its deep and first-hand understanding of a critical issue faced by professionals in large B2B organizations: The complexity and difficulty of selling services from different departments as business operations become more consolidated.

“Investors recognized that Propense.ai isn’t just a recommendation model,” Anyanwu said. “It’s a comprehensive cross-selling platform that prioritizes human behavior and psychology. Let’s examine the total number of sales attempts professionals make, for example, which is the leading indicator of success in generating new business. Providing recommendations backed by data encourages professionals to make more sales attempts because it helps them understand how and why their clients can benefit from additional services in the first place.”

“Propense.ai is serving as the conduit for professionals across all different verticals, from accounting to legal to financial services, so they can feel comfortable in making these suggestions,” Anyanwu continued. “Integrating AI to automate these processes strengthens their confidence in the process.”

Propense.ai is now moving into production from its invite-only beta with a select group of clients, including Bennett Thrasher, CBIZ, HoganTaylor, LBMC, Maudlin Jenkins, Plante Moran, and Rehmann. The company is currently invite-only and will onboard its next group of clients later this year before going public in 2025.

“We thank our clients for allowing us to build this platform and collaborating with us every step of the way,” Keith said. “It’s often perceived that technology leads processes, but in reality, people lead processes. Taking that perspective has enabled us to develop a human-centered solution that prioritizes people and the way they work. We’re committed to making B2B professionals feel comfortable and supported as they embrace new sales processes that yield fruitful results for them, their firms, and their clients.”

About Propense.ai

Founded in 2023 and headquartered in Miami, Propense.ai is a Black-owned SaaS platform that identifies new revenue streams for businesses with the power of AI technology. Propense.ai’s B2B predictive sales intelligence model enables firms to streamline and maximize their cross-selling revenue by analyzing historical and market data points to reveal revenue opportunities hiding in plain sight. Propense.ai was co-founded by Timothy Keith, CEO, Nnamdi Anyanwu, CTO, and Alexander Diaz, Head of Operations & Finance. For more information, visit www.propense.ai.

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View original content:https://www.prnewswire.com/news-releases/propenseai-raises-3m-in-seed-funding-for-ai-driven-b2b-cross-selling-platform-302080273.html

SOURCE Propense.ai

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Dana-Farber Cancer Institute Partners with Clinical.ly to Enhance Regulatory Operations with eReg Solutions

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36 mins ago

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September 19, 2024

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — The Dana-Farber Cancer Institute, a world leader in cancer treatment and research, chose Clinical.ly’s (www.clinical.ly) Research Suite™ to streamline regulatory operations, marking a significant step toward more efficient and compliant clinical trial management. Dana-Farber joins a growing number of research organizations that leverage Clinical.ly’s innovative solutions to streamline clinical trial processes. Clinical.ly’s eReg platform offers a comprehensive, paperless solution that centralizes regulatory workflows, ensuring compliance and transparency across clinical trials.

“We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO.

This partnership continues Clinical.ly’s success in providing best-in-class enterprise tools for conducting clinical research. “We are thrilled to support Dana-Farber’s clinical research operations,” said Henry Kravchenko, Clinical.ly’s CEO. “Our eReg platform and wider set of features in Clinical.ly Research Suite™ will empower that renowned organization, and we all look forward to supporting their teams.”

About Clinical.ly Research Suite™ 

Clinical.ly Research Suite™ is a comprehensive solution that eliminates traditional, paper-based processes. By automating and centralizing essential workflows in the Clinical.ly Research Suite™, organizations achieve huge efficiency improvements, greater trial oversight, document management, and regulatory compliance. The Clinical.ly Research Suite™ includes:

eReg: A best-in-class electronic regulatory bindereSource: An intuitive & feature-rich, paperless data capture solution that streamlines data collection from trial participantseConsent: A fully digital solution for capturing informed consent, improving participant engagement and site complianceClinicallySign: 21 CFR Part 11 compliant eSignature functionalityClinicallyPay: A secure and instantaneous participant stipend payment and reimbursement solution

About Dana-Farber Cancer Institute

Founded in 1947, Dana-Farber Cancer Institute is committed to providing adults and children with the best treatment available today while developing tomorrow’s cures through cutting-edge research. Based in Boston, Dana-Farber is a teaching affiliate of Harvard Medical School and ranks consistently as one of the top cancer hospitals in the world.

About Clinical.ly

Clinical.ly provides differentiated, cloud-native technology solutions to the clinical research industry, enabling research organizations to conduct studies with greater efficiency and ease. Clinical.ly is dedicated to developing technology that eliminates tedious manual labor, allowing clinical research professionals to focus on patient care.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dana-farber-cancer-institute-partners-with-clinically-to-enhance-regulatory-operations-with-ereg-solutions-302253690.html

SOURCE Clinical.ly

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Fall Into Creativity with the Monport Laser Fall Sale

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36 mins ago

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September 19, 2024

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — Experience laser innovation this Fall with Monport Laser, an industry frontrunner in laser engraving and cutting technology, with an exclusive Fall Sale offering incredible discounts and free accessories on a wide range of high-performance laser engraving machines. From September 19th to September 30th, customers can take advantage of this limited-time opportunity to elevate their laser engraving businesses with cutting-edge laser innovation at unbeatable prices.

Monport Laser has been dedicated to providing innovative and reliable laser machines that empower businesses and individuals to achieve their goals. With a focus on quality, precision, and customer satisfaction, Monport Laser has established itself as a trusted leader in the industry. Their commitment to excellence is evident in every laser they produce, ensuring exceptional performance, reliability, and value.

Embrace the Power of CO2 Laser Technology with Exclusive Offers

Monport Laser will offer two free accessories with selected CO2 laser machines during the Monport Fall sale. These versatile lasers are ideal for various applications, including engraving, cutting, and marking wood, acrylic, leather, and more. By taking advantage of this Fall sale, laser engraving businesses can enhance their productivity and expand their creative possibilities.

Experience Unmatched Value with Fiber Laser Discounts

Monport Laser offers substantial discounts of up to $4200 and 3 free accessories on selected models for those seeking the precision and speed of fiber laser technology. Fiber lasers are renowned for their ability to process metals with exceptional efficiency and accuracy, making them indispensable for metal fabrication, manufacturing, and jewelry production. Additionally, customers purchasing fiber lasers during the Fall sale will receive three free accessories, further sweetening the deal.

Elevate Your Desktop Laser Experience with a Free Water Chiller

Monport Laser is committed to providing comprehensive solutions for businesses of all sizes. As part of the Fall sale, customers who purchase the 40W Desktop laser will receive a Free Water Chiller Cw3000. This essential accessory ensures optimal cooling and performance, prolonging the lifespan of the laser and guaranteeing consistent results.

Discover Additional Savings on a Wide Range of Accessories

Monport Laser offers an additional 20% discount on selected accessories to complete your laser setup. From lenses and nozzles to rotary tables and smoke extraction systems, customers can find everything they need to maximize the potential of their laser machines.

Unleash Your Creativity and Productivity

Monport Laser’s Fall sale is the perfect opportunity to invest in laser technology that empowers your business or fuels your creative passions. With exceptional discounts and free accessories, you can acquire the ideal laser solution to meet your needs and budget.

Whether you’re an entrepreneur, artist, or manufacturer, Monport Laser’s advanced laser machines offer unparalleled precision, versatility, and reliability. Take advantage of this limited-time Fall sale and unlock your projects’ full potential for laser innovation.

About Monport Laser

Monport Laser is a global leader in designing, manufacturing, and distributing high-quality laser machines and accessories. With a commitment to innovation and customer satisfaction, Monport Laser provides cutting-edge solutions for various industries, including manufacturing, engraving, marking, and more.

For more information, visit monportlaser.com and follow them on social media for the latest updates.

Website: https://www.monportlaser.com/

 

 

 

View original content:https://www.prnewswire.com/news-releases/fall-into-creativity-with-the-monport-laser-fall-sale-302253699.html

SOURCE Monport Laser

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MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement

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36 mins ago

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September 19, 2024

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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SOURCE Natural Resources Canada

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