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Quantum Computing, Inc. Announces Private Placement of Common Stock for Proceeds of $100 Million

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HOBOKEN, N.J., Jan. 7, 2025 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 8,163,266 shares of common stock in a private placement at a purchase price of $12.25 per share. The offering is expected to result in gross proceeds of $100 million, before deducting offering expenses. The closing of the offering is expected to occur on or about January 9, 2025, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. With the anticipated net proceeds, combined with existing cash reserves, the Company expects to have sufficient resources to continue advancing and expanding the development and manufacturing of its photonics, thin-film lithium niobate (TFLN), and quantum technologies.

“This successful $100 million offering is priced at substantial premiums to our two recent offerings, bringing our total gross capital raised since November to $190 million,” said Mr. Chris Boehmler, CFO of QCi. “These funds further fortify our financial position and enable us to execute our multi-year growth plan, including investment in our longer-term initiatives, and thereby capitalize on the considerable opportunities in the TFLN photonic chip and quantum computing markets.”

Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.

The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Company has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy 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.

For investor relations inquiries, contact John Nesbett at qci@imsinvestorrelations.com, and for public relations inquiries, contact Jessica Tocco at jessica.tocco@a10associates.com.

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi’s products are designed to operate at room temperature and low power at an affordable cost. The Company’s portfolio of core technology and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, generally identified by terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to,” or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding and including statements regarding the expected closing of the offering and QCi’s use of the net proceeds from the offering. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, without limitation, the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the offering, as well as risks and uncertainties inherent in the QCi’s business, including the timing of commencing production at our TFLN fabrication facility, the timing of the advancement of our high-performance computing products, and the outcome of ongoing collaborations and demonstration projects with certain U.S. government agencies, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

 

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dotCMS 2024 Year-in-Review: Reflections of CEO Zain Ishaq

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Dive into the highlights of dotCMS’ remarkable 2024 journey with our annual Year-in-Review. Explore the milestones, successes, and exciting moments that shaped our year, showcasing innovation, growth, and the power of partnerships that set the stage for 2025.

MIAMI, Jan. 9, 2025 /PRNewswire-PRWeb/ — 2024 was a year of uncertainties – persistent inflation, tech layoffs, two devastating wars, one bitterly fought election, euphoric public markets, stagnant private markets, and tight corporate budgets. The year, however, may still be characterized as the year when content creation proliferated. In the age of AI, our mission to “build trust through content” and our vision to “help global enterprises simplify the creation, management, and delivery of content” seem more critical than ever. And I’m proud of my team at dotCMS, who, despite the surrounding uncertainty, showed purpose and resilience in making great strides towards our mission.

In 2024, dotCMS shipped 142 releases, a whopping 230% year-over-year increase and a testament to our focus on providing our customers with a full-featured, Universal Content Management System.

In 2024, we shipped 142 releases, a whopping 230% year-over-year increase and a testament to our focus on providing a full-featured, Universal Content Management System to our customers. We’re empowering content teams to create, unify, and scale content, build digital experiences visually, and reach a global audience across multiple channels, locations, and languages while ensuring brand consistency. And developers have always loved building on dotCMS because of its flexibility, advanced tooling for modern framework ecosystems, and integrations. We have also renewed our focus on improving the DevOps experience by providing rapid deployment to any cloud infrastructure, simpler upgrade paths, and top-tier security.

Innovating Universal Content Management System:

In 2024, we released the Universal Visual Editor (UVE) in our long-term supported version dotCMS 24.04.24 LTS. The UVE, which enables seamless, in-context editing for both traditional and headless environments, is the foundational feature of our vision of Universal CMS. It combines Edit Mode and Edit Mode Anywhere, offering a unified interface with features like drag-and-drop content palettes, device previews, and rule-based layout design. Content teams now enjoy greater flexibility, whether managing local instances or remote front-ends, enhancing efficiency across workflows.

In August, we hosted our inaugural Universal CMS Summit in Montréal, bringing together industry leaders, customers, and partners for a dynamic exploration of content management’s future. The event featured inspiring keynotes, expert-led panels, and interactive sessions that dove deep into multi-tenant capabilities, AI-driven workflows, and innovations shaping the CMS landscape. It was a true celebration of collaboration, learning, and the vibrant community driving all of us forward.

We also integrated advanced AI capabilities through dotAI, empowering content creators to generate text and images directly within the platform. This feature enhances productivity by leveraging AI for content generation, semantic search, SEO optimization, and auto-tagging. dotAI also enables auto-categorization of content and metadata, simplifying content management workflows. Its integration with the Block Editor ensures a seamless experience for generating and enhancing content, while AI-powered tools like summarization and keyword recommendations help teams work smarter and faster.

To support our technical users, we introduced the dotCMS Command Line Interface (dotCLI), a powerful tool for managing instances, synchronizing files, and automating workflows through the command line. dotCLI simplifies repetitive tasks like deployments and ensures seamless configuration across environments. Additionally, the release of our JavaScript SDK empowers front-end developers to interact securely with dotCMS instances, enabling streamlined development of components, API interactions, and dynamic integrations for headless applications. These tools significantly reduce manual effort and improve developer efficiency.

Significant progress was made in rolling out dotEvergreen – a reimagination of the way we build, test, deploy, and operate dotCMS Cloud. In 2024, we delivered new capabilities to customers who passed a thorough quality and reliability test. Our goal with this approach is to completely eliminate the need for cumbersome annual upgrades, simplify infrastructure, and ensure seamless access to the latest features without compromising stability. Currently, over 13% of our dotCMS Cloud customers are already benefiting from dotEvergreen, and by 2025, our goal is to make it the most widely adopted version among our customers.

At dotCMS, security remains a top priority, and 2024 has been a year of continued excellence on this front. We successfully maintained our ISO/IEC 27001:2022 certification, demonstrating our ongoing commitment to rigorous global standards for information security. Additionally, we achieved TX-RAMP Level 2 certification, strengthening our ability to provide secure solutions for state agencies and organizations. We also renewed our SOC 2 Type II compliance, ensuring robust safeguards to protect customer data and maintain transparency in our security processes.

A Year of Growth and Community-building:

As we continue to grow as a company, our identity also continues to mature. To showcase our brand identity, we launched a sleek new website entirely on dotCMS. It’s a bold reflection of who we are: innovative, fast-moving, and a little whimsical. Our clean design – balancing white space with vibrant colors – speaks to our future-focused vision and playful spirit, where simplicity meets creativity. Just like our platform, we believe in flexibility, efficiency, and having fun while delivering exceptional results.

Our community has grown significantly, with the onboarding of a diverse range of new clients across industries, further expanding our global user base. One standout partnership this year was with World Travel Holdings, who are migrating over 5,000 websites to a single dotCMS instance. This ambitious project has pushed our product and customer experience teams to deliver a cutting-edge solution, underscoring dotCMS’ unmatched multisite capabilities.

At dotCMS, one of our core values is customer obsession, and true to that, our commitment to customer success has been unwavering. Our Customer Experience team delivered another year of industry-leading gross and net retention numbers, a 4.8/5 Customer Satisfaction score (CSAT), and an impressive 98.6% adherence to support SLAs. I’m incredibly proud of our team for consistently raising the bar and creating remarkable outcomes for our customers.

In November, we hosted our very first virtual dotConnect24. The two-day event brought together marketing, technology, content, web, and developer professionals. It provided incredible insights on topics such as the future of AI, modern content strategies, and innovations shaping digital experience. We’re thrilled with the success of dotConnect24 and are already looking forward to making dotConnect25 even bigger and better next year!

We wanted to discuss how brands build trust in an era of AI, misinformation, and constant distraction – so we launched Real Talk, Real Trust. The brand-new podcast shares real stories, challenges, and actionable strategies for fostering authentic customer relationships powered by technology and innovation. We are thankful to the leaders such as Tom Wentworth, CMO at Recorded Future, Eric Williamson, CMO at CallMiner, and Kevin Cochran, CMO at Vultr, who have joined us so far, and we look forward to having other leaders join us in 2025.

But more than anything else, we are thrilled by the addition of world-class innovators and leaders to our growing team. Preston So joined as Vice President of Product, bringing decades of experience to scale our product strategy, design, and developer relations. Inna Bosenko stepped in as Vice President of Marketing to lead growth and brand development, while Ryan Picchini took on the role of Vice President of Channels and GTM Strategy, strengthening partnerships and go-to-market success. Rounding out the team, Maria Fernandez Trevino joined as Head of User Experience, and Marc Boutillette as Director of Outbound Product Management to elevate user design and field enablement efforts.

Looking Ahead:

As a year marked with uncertainty draws to a close, I am feeling quite optimistic about the tide turning in 2025. We may have avoided a global conflict, and the FED may have achieved a soft landing after all. The election seems to have gone the way of the side screaming efficiency and innovation. And as our customers are preparing to embark on their own journeys of AI adoption, there is no doubt in my mind that 2025 will be a year of innovation like no other.

And at dotCMS, we feel like we’re ready for the occasion. Our roadmap includes key innovations such as: universal editability, enabling seamless content editing across any channel or destination; universal developability, empowering developers to work with any framework, stack, or technology; AI-driven innovation, including generative AI features like content creation, code generation, and AI-powered copilots; and platform enhancements, simplifying infrastructure management and upgrade paths and improving DevOps experience. These advancements will deliver cutting-edge solutions that drive efficiency, flexibility, and value for both content teams and developers.

As I write this, the sun is setting on 2024 in Miami Beach, and I’m feeling deeply blessed to be surrounded by a dedicated, passionate, and innovative community. The collaboration and support among the dotCMS team, our customers, and our partners is truly unique and it gives me great confidence that this community will continue to thrive for many years to come. Here’s to another year of helping each other build trust through content!

Zain Ishaq
CEO, dotCMS

About dotCMS:

dotCMS is a content management system that helps global enterprises with multiple brands, subsidiaries, and franchises manage, optimize, and scale content across languages and channels. Brands such as Dairy Queen, Newell, Firstmac, Telus, and Comcast have chosen dotCMS for its unique ability to manage thousands of sites and consolidate multiple CMSs onto a single, unified instance of dotCMS to streamline content management across teams while saving money on platform costs.

dotCMS’ universal approach to content management also means that companies have the choice to deliver content traditionally or headlessly. Headless developers can work within the front-end framework of choice while still providing marketers with visual editing tools so they can go to market with their business-critical content and decrease their dependency on technical teams.

Media Contact

Inna Bosenko, dotCMS, +1-305-900-2001, marketing@dotCMS.com, dotCMS.com 

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Concept BIU: Empowering Listed Companies to Seamlessly Comply with SEBI’s LODR Mandates

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MUMBAI, India, Jan. 9, 2025 /PRNewswire/ — Imagine being able to track every market rumour, no matter where it appears—on TV, in newspapers, online, or even on social media.

Already, Concept BIU is helping over 50 companies confidently meet SEBI’s regulatory requirements. 

As the first and largest Indian media monitoring agency to offer in-house solutions tailored for SEBI’s Listing Obligations and Disclosure Requirements (LODR), Concept BIU ensures that listed companies can confirm or deny market rumours within 24 hours, as mandated by SEBI.

From a smart dashboard to mobile apps and even WhatsApp alerts, Concept BIU’s innovative tools empower businesses to act quickly, ensuring their compliance teams and communication desks are always one step ahead.

With coverage spanning over 100 cities, Concept BIU monitors everything from regional newspapers to glossy magazines and tracks millions of national and international websites. Its in-house platform even keeps an eye on major social media channels, ensuring that no rumour goes unnoticed. 

And that’s not all. With capabilities to track TV channels across India and recognition from international bodies like AMEC and SABRE, Concept BIU doesn’t just stop at India’s borders. Whether it’s a rumour in one’s hometown or halfway across the world, they’ve got it covered. 

Speaking about Concept BIU’s vision, CEO Irfan Chaudhary said, “At Concept BIU, we understand how important it is for companies to stay compliant while protecting their reputation, that’s why we don’t just provide data—we deliver insights. Over the last 20 years, we’ve earned the trust of over 800 clients, and we’re proud to be a partner that C-suite executives and communication teams can rely on.” 

In today’s fast-moving world, where news spreads in seconds, it’s critical for companies to stay on top of what’s being said about them. Concept BIU’s innovative tools don’t just keep people informed; they empower them to act quickly and protect their brand. 

About Concept BIU 

Concept BIU is a leader in media analytics, offering cutting-edge solutions to help companies stay compliant, manage their reputation, and gain strategic insights. Whether it’s monitoring regional news or scanning global platforms, Concept BIU is the go-to partner for staying informed and ahead of the curve.

To see how Concept BIU can help one’s team navigate SEBI’s compliance requirements and protect its reputation, visit Tools of Public Relations | PR Tools | Conceptbiu.com 

For more information, please contact:
Name: Irfan Chaudhary
Email: irfan.chaudhary@conceptbiu.com

 

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ACKO Drive Revolutionises Pre-Owned Car Sales with Tech-Enabled Convenience

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NEW DELHI, Jan. 9, 2025 /PRNewswire/ — ACKO Drive, a Bangalore-based automotive startup, aims to transform the often challenging experience of selling a used car into one that is seamless, efficient and reassuring. Leveraging the power of technology and a customer-first approach, the company has introduced a feature that consolidates complex tasks. From accurate price estimations to buyer connections to ownership transfer facilitation, sellers can now access a one-stop solution for all their needs.

Comprehensive Evaluation Tools for Optimal Pricing

Central to ACKO Drive’s offerings is its intelligent car valuation technology. The proprietary system analyses various vehicle attributes to suggest competitive yet fair pricing ranges for used cars. By considering critical details, including make, model, age, condition and real-time industry trends, the company empowers sellers with data-backed estimates that help secure optimal value.

Building Trust Through Verified Buyers and Systematic Inspections

Further, instead of having to comb through classifieds, sellers on ACKO Drive are instantly matched with a wide network of pre-verified buyers. Organised physical inspections allow both parties to build trust and transparency. Integrated payment systems also ensure secure transactions, while documentation assistance handles complex paperwork like RC transfers. Such end-to-end support eliminates uncertainties and anxiety for sellers.

Knowledge and Guidance for Informed Decision-Making

Beyond facilitating sales, ACKO Drive also endeavours to educate users with industry insights and best practices. Handy guides provide maintenance tips to enhance a vehicle’s resale value, analyse pricing techniques, and walk through governmental procedures. By arming sellers with relevant information, the company enables informed choices each step of the way.

Industry-Leading Innovation and Customer-Centricity

Expert analysts have highlighted the startup’s potential to lead disruption in the pre-owned automotive space. “By embedding technology across touchpoints, ACKO Drive can structure and standardise used car sales,” says Nitin Chadha (Senior Vice President – ACKO Drive). The company encapsulates the consumer-first ethos of ACKO, a pioneering brand. Having identified key pain points within existing used car sales channels, ACKO Drive now brings innovation-led solutions centred around user needs and convenience.

As India’s used vehicles market continues rapid growth, platforms like ACKO Drive will become pivotal in redefining industry standards and consumer expectations around selling pre-owned cars. Leveraging the latest technical capabilities with a customer-focused approach, the company promises to be at the forefront of this revolution.

Why Choose ACKO Drive to Sell Used Cars?

Here are some compelling reasons why ACKO Drive stands out in the pre-owned car market. It is a trusted choice not just for those looking to sell cars in Bangalore but also for people looking to sell cars in Delhi and other cities across the country with a seamless and reliable process.

Convenience: A single platform for valuation, buyer connections, and documentation.Transparency: No hidden charges or unfair practices—sellers know what to expect at every step.Quick Turnaround: The platform is designed for speed, helping sellers close deals faster.Professional Support: A dedicated team to guide sellers through the entire process.

About ACKO Drive

ACKO Drive is an initiative by ACKO, India’s leading digital insurance provider, renowned for its innovative and customer-centric solutions. By venturing into the automotive sector, ACKO Drive is on a mission to redefine the pre-owned car selling experience in India.

 

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