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iPod Inventor and Nest Founder Tony Fadell Backs Plumerai’s Tiny AI, Hailing It as a Massive Market Disruption Democratizing AI Technology Starting with Smart Home Cameras

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Plumerai Announces Partnership with Chamberlain Group, the Largest Manufacturer of Automated Access Solutions found in 50+ million homes

LONDON, Oct. 7, 2024 /PRNewswire/ — Plumerai™, a pioneer in on-device AI solutions since 2018, today announced a major partnership with Chamberlain Group, whose brands include myQ and LiftMaster, marking a significant milestone in the adoption of its Tiny AI technology.

To achieve features like People Detection and Familiar Face Identification, cloud-based AI and, in particular, Large Language Models (LLMs) require vast remote data centers, consume increasing amounts of energy, pose privacy risks, and incur rising costs. Plumerai’s Tiny AI can do all this on the device itself, is cost-effective, chip agnostic, capable of operating on battery-powered devices, doesn’t clog up your bandwidth with huge video uploads, and has minuscule energy requirements. Moreover, it boasts the most accurate on-device Tiny AI on the market and offers end-to-end encryption. Already running locally on millions of smart home cameras, Plumerai’s Tiny AI is making communities safer and lives more convenient, while proving that in AI, smaller can indeed be smarter. Plumerai has gained strong backing from early investor Tony Fadell, Principal at Build Collective along with Dr. Hermann Hauser KBE, Founder of Arm, and LocalGlobe.

“Tiny AI is a paradigm shift in how we approach artificial intelligence,” said Roeland Nusselder, Co-founder and CEO at Plumerai. “This approach allows us to embed powerful AI capabilities directly into smart home devices, enhancing security and privacy in ways that were once considered unfeasible. It’s not about making AI bigger – it’s about making it smarter, more accessible, and more aligned with people’s real-world needs.”

Key Features of Plumerai’s Tiny AI on the Edge, No Cloud Required

Person, Pet, Vehicle, and Package Detection notifications in .7 seconds vs. average smart cam 2-10 seconds. This may sound like an incremental improvement, but anyone that has a smart cam will appreciate this is a game-changer.Familiar Face Identification and Stranger Detection deliver accurate notifications while protecting privacy; tag up to 40 “safe” i.e. familiar individuals.Multi-Cam Person Tracking (first of its kind!) for comprehensive surveillance.Advanced Motion Detection with rapid response time of, on average, .5 seconds which greatly extends battery life. Over-the-Air updates for products in the field means faster Go-to-Market.

Plumerai has built the most accurate Tiny AI solution for smart home cameras, trained with over 30 million images and videos. Consistently outperforming competitors in every commercial shootout, Plumerai is the undisputed leader in both accuracy and compute efficiency. Internal test comparisons against a leading smart camera, widely regarded as the most accurate among established smart home players, revealed striking results: leading smart camera’s AI incorrectly identified strangers as household members in 2% of the recorded events, while Plumerai’s Familiar Face Identification made no incorrect identifications.

“Plumerai’s technology gives companies a significant edge in a competitive market, proving that efficient, on-device AI is the future of smart home security. It’s a perfect showcase for Tiny AI’s strengths – privacy, real-time processing, and energy efficiency. I’m excited by Plumerai’s potential to expand into other IoT verticals and redefine edge computing,” said Dr. Hermann Hauser KBE, Founder of Arm.

Providing a ready-to-integrate end-to-end solution for AI on the edge, Plumerai is making AI more competitive and a reality for more companies. This breakthrough provides consumers with more options outside the realm of big tech giants like Google, Amazon, Microsoft, and Apple. Unlike other battery powered “smart” cams that send their video feed to the cloud over power-hungry Wi-Fi, Plumerai enables the use of low-power mesh networks to send notifications. With Plumerai companies can easily change their chips without losing AI features.

“Integrating Plumerai’s Tiny AI into our smart camera lineup has allowed us to offer advanced AI features on affordable, low-power devices. This enables us to provide our customers with smarter, more efficient products that deliver high performance without the need for cloud processing,” said Jishnu Kinwar, VP Advanced Products at Chamberlain Group.

Notably, 11+ million people rely on Chamberlain’s myQ app daily to access and monitor their homes, communities and businesses, from anywhere.

“Plumerai’s Tiny AI isn’t just an incremental advance – it’s a massive market disruption,” said Tony Fadell, Nest Founder and Build Collective Principal. “While Large Language Models capture headlines, Plumerai is getting commercial traction with its new smaller-is-smarter AI model. Their Tiny AI is faster, cheaper, more accurate, and doesn’t require armies of developers harnessing vast data centers.”

About Plumerai
Plumerai™ is a pioneering leader in embedded AI solutions, specializing in highly accurate and efficient Tiny AI for smart devices. As the market leader in licensable Tiny AI for smart home cameras, Plumerai powers millions of devices worldwide and is rapidly expanding into video conferencing, smart retail, security, and IoT sectors. Their comprehensive AI suite includes People Detection, Vehicle detection, Animal detection, Familiar Face Identification, and Multi-Cam Person Tacking, all designed to run locally on nearly any camera chip. Headquartered in London and Amsterdam and backed by Tony Fadell, Principal at Build Collective, Dr. Hermann Hauser, Founder of Arm, and LocalGlobe. Plumerai enables developers to add sophisticated AI capabilities to embedded devices, revolutionizing smart technology while prioritizing efficiency and user privacy.

About Build Collective
Build Collective, led by Tony Fadell, is a global investment and advisory firm coaching engineers, scientists, and entrepreneurs working on foundational deep technology. With 200+ startups in its portfolio, Build Collective invests its money and time to help engineers and scientists bring technology out of the lab and into our lives. Supporting companies beyond Silicon Valley, Build Collective’s portfolio is based mainly in the EU and US with some companies in Asia and the Middle East. From tackling food security, sustainability, transportation, energy efficiency, weather, robotics, and disease to empowering small business owners, entrepreneurs, and consumers, the startups in Build Collective’s portfolio are improving our lives and prospects for the future. With no LP’s to report to, the Build Collective team is hands-on and advises for the long-term.

About Chamberlain Group
Chamberlain Group is a global leader in intelligent access and Blackstone portfolio company. Our innovative products, combined with intuitive software solutions, comprise a myQ ecosystem that delivers seamless, secure access to people’s homes and businesses. CG’s recognizable brands, including LiftMaster®  and Chamberlain® , are found in 50+ million homes, and 11+ million people rely on our myQ®  app daily to control and monitor their homes, communities and businesses, from anywhere. Our patented vehicle-to-home connectivity solution, myQ Connected Garage, is available in millions of vehicles from the leading automakers.

Media Contact:
Elise Houren
elise@buildc.com

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2025 Consumer Texting Behavior Report: Consumers Demand SMS Notifications and Conversations

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Consumers embrace SMS Marketing like never before, with 86% opting in and expectations for instant, tailored communication soaring.

SAN FRANCISCO, Jan. 9, 2025 /PRNewswire/ — EZ Texting, the leading text marketing platform for businesses of all sizes, released the 2025 Consumer Texting Behavior Report today. Now in its fourth year, the report underscores a remarkable trend: with a staggering 98% open rate, SMS has evolved from a communication tool to the cornerstone of audience engagement, driving immediate and meaningful interactions.

EZ Texting’s 2025 Consumer Survey results reveal consumers embrace SMS marketing like never before, with 86% opting in.

“Consumers are clear about their preferences: they want businesses to communicate with them through SMS,” said Punit Shah, Co-Founder and Chief Marketing Officer. “From promotional offers to providing customer support, customers now prefer SMS for its speed, delivery, and convenience above all other forms of communication, including social and email. Businesses that react to this trend will find themselves with positive customer engagement, and those that don’t are at risk of missing customer needs. Texting is no longer just a nice-to-have, it is now a must-have communication channel.”

Consumers Expect Texting for Every Business Need

The 2025 report reveals growing consumer reliance on SMS for appointment reminders, promotional updates, and customer support. Among the most striking findings:

86% of consumers now opt in for business texts, a 20% increase since 2021.79% of consumers are more likely to purchase when subscribed, increasing 21% from 2024.52% of consumers text businesses more often, a 31% increase over 2023.

SMS Marketing Drives Action & Builds Loyalty

Consumers are increasingly turning to SMS as their go-to communication channel with brands. Highlights include:

71% of consumers subscribe to texts without needing a prior purchase.47% share feedback via SMS, rising from 35% in 2024.63% of consumers text more overall, with 52% texting businesses, compared to 31% last year.

Consumers Demand Speed & Personalization

Consumer expectations for responsiveness are higher than ever:

57% expect businesses to respond within 15 minutes.67% show increased interest in products after receiving a text, an increase of 21% from 2024.49% purchase more often after receiving a text, underscoring the power of timely communication.

Survey Methodology

EZ Texting conducted the 2025 Consumer Texting Behavior Report to analyze consumer attitudes and behaviors related to SMS marketing.

Survey Timeframe: Nov. 1–Nov. 15, 2024Participants: 1,074 qualified respondents with personal mobile phones

About EZ Texting
Since 2004, EZ Texting has provided 230,000+ growing businesses and organizations with an effortless way to start text marketing—and powerful features and integrations to keep conversations going.

CONTACT:
Marco Raye
Content Marketing Manager
Email: mraye@eztexting.com

Journalists & Media
pr@eztexting.com

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Kotak Life launches ‘Kavya’: AI-powered HR Assistant aimed at enhancing Employee Engagement and Experience

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MUMBAI, India, Jan. 9, 2025 /PRNewswire/ — Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”) has unveiled Kavya, an advanced HR virtual assistant powered by generative AI, designed to enhance employee experience and engagement.

Kavya serves as a trusted companion to Kotak Life’s strong workforce, ensuring that employees are heard confidentially while fostering open communication and connection throughout their professional journey. By engaging in meaningful conversations, Kavya aims to support individual growth and strengthen Kotak Life’s commitment to creating a progressive and supportive work environment.

Ruchira Bhardwaja, Chief Human Resources Officer, Kotak Mahindra Life Insurance Limited, said, “Kavya marks a pivotal moment in our commitment to employee development and satisfaction. With this AI-powered solution, we’re not just modernising HR services – we’re building a more empathetic, accessible and responsive workplace where every employee feels valued and heard.”

Key Features of Kavya 

Confidentiality: Kavya ensures that all interactions and shared information are kept strictly confidential, prioritising employee privacy at all times.Dedicated Support: For new joiners to seasoned professionals, Kavya is there at every milestone in the journey at Kotak Life, offering assistance and guidance.Action: Employees can share feedback and concerns with Kavya, who actively works to implement meaningful changes.Open Communication: Kavya encourages employees to communicate freely, without hesitation, providing a judgment-free space for open dialogue.

About Kotak Mahindra Life Insurance Company Ltd.

Kotak Mahindra Life Insurance Company Limited (Kotak Life) is a 100% owned subsidiary of Kotak Mahindra Bank Limited (Kotak). Kotak Life provides world-class insurance products with high customer empathy. Its product suite leverages the combined prowess of protection and long term savings. Kotak Life is one of the fastest growing insurance companies in India with 322 branches across 152 cities and has covered more than 5 crore active lives as on 31st December 2024.

For further information, please contact:
Shazin Motorwala, 
Kotak Mahindra Life Insurance Company Ltd.,
+91 98332 40021, 
Shazin.Motorwala@kotak.com

Jimit Harde,
Kotak Mahindra Bank,
+91 99300 29645,
Jimit.Harde@kotak.com

Meenakshi Verma, 
The Good Edge,
+91 99875 68227, 
meenakshi@thegoodedge.com

 

View original content:https://www.prnewswire.com/in/news-releases/kotak-life-launches-kavya-ai-powered-hr-assistant-aimed-at-enhancing-employee-engagement-and-experience-302346904.html

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FusionIQ Celebrates a Breakthrough Year in 2024, Wins Trifecta of Industry Awards

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Wealthtech provider also appoints Sloan Shanahan as Chief Revenue Officer to drive further growth and innovation

WOBURN, Mass., Jan. 9, 2025 /PRNewswire/ — FusionIQ, a leader in the delivery of cloud-based wealth management solutions, announced today that it achieved significant milestones in 2024, further establishing itself as a key innovator in wealthtech. This marks a pivotal moment in the company’s mission to make digital wealth transformation easy for financial advisors and institutions.

From industry awards to new partnerships and thought leadership to significant product advances, FusionIQ has emerged as a leader in the democratization of wealth as financial advisors and institutions look to fintechs to keep pace with the rapid acceleration of digital transformation in financial services.

Among the Notable Achievements in 2024:

Pre-Integrated Platforms: Leveraging the power of the cloud-native FusionIQ One platform, FusionIQ launched a suite of pre-integrated platforms to make digital wealth transformation easy, fast, and cost-effective for financial advisors and institutions. These platforms included FIQ Journey, the first dual journey platform for financial institutions integrating hybrid digital advice and self-directed investing in a single seamless investor experience, and the groundbreaking FIQ Wallet, the first digital wealth management solution for wallet companies, a significant leap forward in the convergence of wealth management and payment.Strategic Partnerships: The company announced key partnerships with leading financial institutions, including groundbreaking collaborations with OnPoint Community Credit Union and Kinecta Federal Credit Union, expanding access to digital investment services for OnPoint’s 581,000-plus members in Oregon and Southwest Washington, and Kinecta’s more than 270,000 members in California, New York, New Jersey, and Florida.Recognition in Banking Innovation: FusionIQ set the standard for innovation among wealthtech providers in 2024, winning Best-as-a-Service Solution for Wealth Management at the prestigious 2024 Banking Tech Awards USA in May, Best Wealth Management Solution by Vendor (Overall) at the Global BankTech Awards 2024 in September, and Best Digital Solution Provider – WealthTech – Personalization and User Experience at the Banking Tech Awards 2024 in December.SOC 2 Type II Compliance: FusionIQ successfully achieved SOC 2 Type II compliance, demonstrating its commitment to cybersecurity leadership and reinforcing trust with its growing client base.Thought Leadership: On topics ranging from cybersecurity to digital transformation in wealth management, FusionIQ advanced industry knowledge by contributing to 20 thought leadership articles, op-eds, and industry roundtables, establishing the company as a trusted voice in wealth management innovation.

With these achievements, FusionIQ continues to redefine the wealth management experience for institutions and investors across the industry.

Strengthening the C-Suite For Future Growth

In the second half of the year, FusionIQ made strategic leadership appointments to drive its continued growth trajectory. Eric Noll was appointed Chief Executive Officer after successfully completing a significant new fundraising round in October. That same month, Pete Chiccino was named Chief Operating Officer.

In December, Sloan Shanahan joined the executive team as Chief Revenue Officer (CRO), bringing a wealth of expertise in strategic partnerships, sales enablement, and market expansion. Ms. Shanahan has a proven track record of building and leading high-performing teams across top-tier consulting and technology organizations. Her vision aligns perfectly with FusionIQ’s goal of scaling operations and delivering innovative solutions to empower financial institutions in a rapidly evolving digital landscape.

“I’m thrilled to join FusionIQ at this pivotal time,” she said. “The company’s dedication to redefining wealth management through innovation and collaboration is inspiring. I look forward to working with the team to drive measurable business outcomes and forge enduring partnerships across the industry.”

Looking Ahead to 2025

Building on its momentum, FusionIQ is poised to accelerate its growth trajectory in 2025. With its strengthened leadership team and proven track record of success, FusionIQ is well-positioned to lead the next wave of digital transformation in wealth management.

About FusionIQ

FusionIQ makes it easy for financial advisors and institutions to be digital wealth leaders. The cloud-native all-in-one FusionIQ One platform has four modules – Hybrid Digital Advice, Self-Directed Investing, Digital Marketplace, and finTAMP – making digital transformation hassle-free. FusionIQ One powers a range of easy-to-implement products, including FIQ Freedom, FIQ Journey, FIQ Market One, FIQ TAMP+, and FIQ Wallet, making it easy for credit unions, banks, broker-dealers, family offices, RIAs, wallet providers, and asset managers to scale, delivering the digital experience clients and advisors want and the seamless workflows and process automations they need for organic growth. With white-label integrations complete in as little as six weeks, it’s easy to see why FusionIQ One’s integrated multi-custodian platform is quickly becoming the digital solution of choice for advisors and institutions. To learn more, please visit: https://fusioniq.io

Media Contact
Elizabeth Shim
Haven Tower Group
424 317 4861
eshim@haventower.com 

 

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