Glyde Digital Announces RAI Inc. Secures $45 Million in Strategic Investments to Advance XR and AI Innovation
Nov 22, 2024 - financialpost.com
Glyde Digital has announced that RAI Inc. has secured $45 million in strategic investments to advance its Extended Reality (XR) and Artificial Intelligence (AI) technologies. The funding, which comes from partnerships with DelMorgan & Co. and UCEA, will be used to drive advancements across RAI's diverse portfolio of XR and AI products and expand research and development initiatives. RAI's product ecosystem includes Imoca, a customizable workspace platform integrating Web3, generative AI, and MetaVerse applications; Sonosense, a platform for hearing-impaired individuals that converts audio into visual augmented reality displays; and a dynamic media platform bridging traditional entertainment and immersive streaming experiences.
RAI's involvement in the Google for AI Startups Cloud Program has enhanced its capacity to deliver innovative solutions at scale. Additionally, RAI has engaged Westmount Capital Partners as an advisory firm to further enhance its strategic and financial initiatives. Mark Hu, Founder of RAI Inc., stated that the financial backing and strategic guidance provide a solid foundation for the company to continue redefining the boundaries of XR and AI innovation.
Key takeaways:
Glyde Digital announces that RAI Inc. has secured $45 million in strategic investments to advance XR and AI innovation.
RAI has formed strategic partnerships with DelMorgan & Co. and UCEA, which have committed a total of $45 million in combined direct investments and secured funding commitments.
RAI is developing a versatile and innovative product ecosystem, including a customizable workspace platform, a platform for hearing-impaired individuals, and a dynamic media platform.
RAI is participating in Google’s AI Startup Cloud Program and has engaged Westmount Capital Partners as an advisory firm to enhance its strategic and financial initiatives.
