reAlpha Invests in Xmore AI to Advance AI-Powered Cybersecurity Solutions
reAlpha Tech Corp. (Nasdaq: AIRE) has announced its investment in Xmore AI through its newly launched reAlpha AI Labs. Xmore AI, co-founded by Dr. Benjamin Yan and Adrian Self, specializes in AI-driven cybersecurity solutions. This strategic investment aims to accelerate AI technology development and innovation in the real estate industry.
Xmore AI's platform consolidates multiple cybersecurity tools into a seamless, AI-driven solution for enterprise security. The company's expertise is expected to enhance security and scalability across reAlpha's AI homebuying platform and its recently acquired portfolio companies.
reAlpha AI Labs, launched earlier this year, supports innovative AI startups with funding, technical resources, and strategic partnerships. This investment in Xmore AI marks a significant step in addressing the $22B+ global market for cybersecurity AI solutions and reinforces reAlpha's commitment to driving AI advancements across various sectors.
reAlpha Tech Corp. (Nasdaq: AIRE) ha annunciato il suo investimento in Xmore AI attraverso i suoi nuovi laboratori reAlpha AI Labs. Xmore AI, co-fondata dal Dr. Benjamin Yan e Adrian Self, si specializza in soluzioni di cybersecurity basate sull'intelligenza artificiale. Questo investimento strategico ha l'obiettivo di accelerare lo sviluppo della tecnologia AI e l'innovazione nel settore immobiliare.
La piattaforma di Xmore AI consolida vari strumenti di cybersecurity in una soluzione unificata e guidata dall'IA per la sicurezza aziendale. Si prevede che l'expertise dell'azienda migliori la sicurezza e la scalabilità della piattaforma di acquisto di case basata su AI di reAlpha e delle sue recenti aziende in portafoglio acquisite.
I reAlpha AI Labs, lanciati all'inizio di quest'anno, supportano startup innovative nel campo dell'IA con finanziamenti, risorse tecniche e partnership strategiche. Questo investimento in Xmore AI segna un passo significativo nell'affrontare il mercato globale da oltre $22 miliardi per soluzioni di cybersecurity basate sull'IA e rafforza l'impegno di reAlpha nel promuovere i progressi dell'IA in vari settori.
reAlpha Tech Corp. (Nasdaq: AIRE) ha anunciado su inversión en Xmore AI a través de sus recién inaugurados reAlpha AI Labs. Xmore AI, co-fundada por el Dr. Benjamin Yan y Adrian Self, se especializa en soluciones de ciberseguridad impulsadas por inteligencia artificial. Esta inversión estratégica tiene como objetivo acelerar el desarrollo de tecnología AI e innovación en la industria inmobiliaria.
La plataforma de Xmore AI consolida múltiples herramientas de ciberseguridad en una solución unificada y guiada por IA para la seguridad empresarial. Se espera que la experiencia de la empresa mejore la seguridad y escalabilidad de la plataforma de compra de viviendas de reAlpha basada en IA y sus recientes empresas en cartera adquiridas.
Los reAlpha AI Labs, lanzados a principios de este año, apoyan a startups innovadoras de IA con financiamiento, recursos técnicos y asociaciones estratégicas. Esta inversión en Xmore AI marca un paso significativo para abordar el mercado global de soluciones de ciberseguridad basadas en IA de más de $22 mil millones y refuerza el compromiso de reAlpha de impulsar los avances de la IA en varios sectores.
reAlpha Tech Corp. (Nasdaq: AIRE)은 새롭게 출범한 reAlpha AI Labs를 통해 Xmore AI에 대한 투자를 발표했습니다. Dr. Benjamin Yan과 Adrian Self가 공동 설립한 Xmore AI는 AI 기반 사이버 보안 솔루션을 전문으로 합니다. 이 전략적 투자 목적은 부동산 산업에서 AI 기술 개발과 혁신을 가속화하는 것입니다.
Xmore AI의 플랫폼은 여러 사이버 보안 도구를 통합하여 기업 보안을 위한 원활하고 AI 기반의 솔루션을 제공합니다. 회사의 전문성은 reAlpha의 AI 주택 구매 플랫폼과 최근 인수한 포트폴리오 기업의 보안을 개선하고 확장성에 기여할 것으로 예상됩니다.
올해 초 출범한 reAlpha AI Labs는 자금 지원, 기술 자원, 전략적 파트너십을 통해 혁신적인 AI 스타트업을 지원합니다. Xmore AI에 대한 이번 투자는 $22B 이상의 사이버 보안 AI 솔루션의 글로벌 시장을 해결하기 위한 중요한 걸음을 의미하며, 다양한 분야에서 AI 발전을 추진하려는 reAlpha의 의지를 강화합니다.
reAlpha Tech Corp. (Nasdaq: AIRE) a annoncé son investissement dans Xmore AI via ses nouveaux reAlpha AI Labs. Xmore AI, co-fondée par le Dr Benjamin Yan et Adrian Self, se spécialise dans les solutions de cybersécurité alimentées par l'intelligence artificielle. Cet investissement stratégique vise à accélérer le développement de la technologie AI et l'innovation dans le secteur immobilier.
La plateforme de Xmore AI consolide plusieurs outils de cybersécurité en une solution fluide, guidée par l'IA pour la sécurité des entreprises. L'expertise de l'entreprise devrait renforcer la sécurité et la scalabilité de la plateforme d'achat de maisons de reAlpha basée sur l'IA et de ses entreprises récemment acquises au sein de son portefeuille.
Les reAlpha AI Labs, lancés plus tôt cette année, soutiennent les startups innovantes en IA avec un financement, des ressources techniques et des partenariats stratégiques. Cet investissement dans Xmore AI marque une étape significative pour relever le défi du marché mondial de plus de 22 milliards de dollars pour les solutions de cybersécurité basées sur l'IA et renforce l'engagement de reAlpha à promouvoir les avancées de l'IA dans divers secteurs.
reAlpha Tech Corp. (Nasdaq: AIRE) hat seine Investition in Xmore AI durch die neu gegründeten reAlpha AI Labs bekannt gegeben. Xmore AI, co-gegründet von Dr. Benjamin Yan und Adrian Self, ist auf KI-gesteuerte Cybersicherheitslösungen spezialisiert. Diese strategische Investition zielt darauf ab, die Entwicklung von KI-Technologie und Innovation in der Immobilienbranche zu beschleunigen.
Die Plattform von Xmore AI konsolidiert mehrere Cybersicherheitswerkzeuge in einer nahtlosen, KI-gesteuerten Lösung für die Unternehmenssicherheit. Die Expertise des Unternehmens wird voraussichtlich die Sicherheit und Skalierbarkeit von reAlphas KI-gestützter Wohnungsplattform und deren kürzlich übernommenen Portfoliounternehmen verbessern.
Die reAlpha AI Labs, die Anfang dieses Jahres gegründet wurden, unterstützen innovative KI-Startups mit Finanzmitteln, technischen Ressourcen und strategischen Partnerschaften. Diese Investition in Xmore AI markiert einen bedeutenden Schritt zur Ansprache des globalen Marktes von über 22 Milliarden Dollar für KI-basierte Cybersicherheitslösungen und verstärkt reAlphas Engagement, Fortschritte in der KI in verschiedenen Sektoren voranzutreiben.
- Investment in Xmore AI positions reAlpha to address the $22B+ global market for cybersecurity AI solutions
- Xmore AI's technology expected to enhance security and scalability of reAlpha's AI homebuying platform
- Strategic partnership aims to accelerate AI technology development in real estate industry
- reAlpha AI Labs provides funding, technical resources, and strategic partnerships to innovative AI startups
- None.
Insights
Xmore AI's integration into reAlpha AI Labs marks a significant step in addressing the growing cybersecurity challenges in AI-driven industries. The collaboration leverages Dr. Yan's academic expertise and Adrian Self's practical experience to create a comprehensive AI-cybersecurity platform. This move is particularly timely given the $22B+ global market for cybersecurity AI solutions.
The investment aligns with reAlpha's strategy to enhance security across its AI homebuying platform and recently acquired portfolio companies. Xmore AI's focus on consolidating multiple cybersecurity tools into a single AI-driven solution could potentially streamline security operations and reduce vulnerabilities in complex AI systems.
For investors, this partnership signals reAlpha's commitment to staying at the forefront of AI technology and cybersecurity. The potential for Xmore AI's solutions to be applied across multiple industries beyond real estate could open up new revenue streams and market opportunities for reAlpha, potentially positively impacting its long-term growth prospects.
This strategic investment by reAlpha (AIRE) into Xmore AI through its reAlpha AI Labs initiative could have positive implications for the company's financial outlook. While specific financial terms weren't disclosed, the move positions reAlpha to potentially capture a share of the lucrative $22B+ cybersecurity AI solutions market.
For a company with a market cap of
- Enhanced value proposition for reAlpha's core real estate technology offerings
- Potential new revenue streams from licensing Xmore AI's technology to other enterprises
- Improved operational efficiency and risk management across reAlpha's portfolio companies
Investors should monitor how quickly this investment translates into tangible benefits for reAlpha's operations and financials. The success of this venture could significantly impact reAlpha's future valuation and growth trajectory in the competitive AI and real estate technology sectors.
Xmore AI Joins reAlpha AI Labs to Address the
DUBLIN, Ohio, Sept. 30, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the selection of Xmore AI as the first company to secure investment from its newly launched reAlpha AI Labs, reAlpha’s research and development initiative.
Xmore AI, co-founded by Dr. Benjamin Yan and Adrian Self, leverages over a decade of research in AI-driven cybersecurity and has developed a platform that consolidates multiple cybersecurity tools into a seamless, AI-driven solution, ensuring that enterprises can operate securely in a rapidly evolving digital environment. Dr. Yan is a Professor of Computer Science and Engineering at Michigan State University. Adrian Self, a cybersecurity professional with extensive experience in blockchain security and embedded systems, complements Dr. Yan’s expertise with his hands-on approach to security assessments and technology integration. This investment marks a strategic milestone for reAlpha AI Labs to accelerate the development of AI technologies and advance technology innovation in the real estate industry.
Mike Logozzo, President and Chief Operating Officer of reAlpha, emphasized the broader impact of Xmore AI’s technology: “At reAlpha AI Labs, we aim to create an environment where innovative AI startups can thrive. Xmore AI’s focus on cybersecurity aligns with our vision and we believe Xmore AI’s technology will enhance the security and scalability across our AI homebuying platform and our recently acquired portfolio companies.” reAlpha’s recently acquired portfolio companies include Naamche, Hyperfast, Be My Neighbor, and AiChat.
“Xmore AI represents the next generation of forward-thinking innovation we envisioned to collaborate with when we launched reAlpha AI Labs,” said Vinayak Grover, Associate Vice President of AI Labs at reAlpha. “Their expertise in cybersecurity, particularly for AI operations, will be critical as AI becomes more integrated into enterprise systems.”
In addition to enhancing reAlpha’s AI homebuying platform through its AI-cybersecurity expertise, Xmore AI is developing a software that will consolidate multiple cybersecurity tools to provide AI-cybersecurity solutions to enterprises in multiple industries. At the core of Xmore AI’s innovation is its ability to address the unique vulnerabilities created by the rapid expansion of AI across industries. We believe Xmore AI is well-positioned to address critical challenges like data privacy, compliance, and risk management, by providing innovative solutions designed to meet the evolving needs of the cybersecurity landscape.
“With AI becoming more integrated into how businesses operate, it is essential that cybersecurity evolves alongside it,” said Dr. Yan, co-founder and Chief Executive Officer of Xmore AI. “Through our partnership with reAlpha AI Labs, we believe we are in a position to deliver scalable, cutting-edge security solutions that protect enterprises from the emerging risks of AI integration.”
Launched earlier this year, reAlpha AI Labs is designed to support innovative AI startups with funding, technical resources, and strategic partnerships. By providing early-stage funding along with access to reAlpha’s extensive network, the program is committed to accelerating the growth and efficacy of AI-driven solutions.
The incubation of Xmore AI not only highlights reAlpha AI Labs’ commitment to cybersecurity, but it also marks reAlpha AI Labs' broader mission to drive AI advancements across sectors like real estate, fintech, and enterprise technology.
About reAlpha Tech Corp.
reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit https://www.realpha.com/.
About Xmore AI
Xmore AI is developing a software that will offer innovative AI-driven cybersecurity solutions by consolidating multiple cybersecurity tools into a single platform, which will provide real-time risk analysis, vulnerability detection, and IT operations management, all while ensuring privacy by keeping data within the enterprise.
About the reAlpha Platform
reAlpha (previously called “Claire”), announced on April 24, 2024, is reAlpha’s generative AI-powered, commission-free, homebuying platform. The tagline: No fees. Just keys.™ – reflects reAlpha’s dedication to eliminating traditional barriers and making homebuying more accessible and transparent.
reAlpha’s introduction aligns with major shifts in the real estate sector after the National Association of Realtors agreed to settle certain lawsuits upon being found to have violated antitrust laws, resulting in inflated fees paid to buy-side agents. This development is expected to result in the end of the standard six percent sales commission, which equates to approximately
Homebuyers using the reAlpha platform’s conversational interface will be able to interact with Claire, reAlpha’s AI buyer’s agent, to guide them through every step of their homebuying journey, from property search to closing the deal. By offering support 24/7, Claire is poised to make the homebuying process more efficient, enjoyable, and cost-efficient. Claire matches buyers with their dream homes using over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking property tours, submitting offers, and negotiations.
Currently, the reAlpha platform is under limited availability for homebuyers located in 20 counties in Florida, but reAlpha is actively seeking new MLS and brokerage licenses that will enable expansion into more U.S. states.
Forward-Looking Statements
The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about Xmore AI’s technology and the reAlpha AI Labs initiative; the anticipated benefits of Xmore AI’s technology and the reAlpha AI Labs initiative; reAlpha’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to leverage Xmore AI’s technology and the reAlpha AI Labs initiative into its existing business and the anticipated demand for reAlpha AI Labs collaborations and partnerships; Xmore AI’s ability to develop its software to consolidate cybersecurity tools to provide AI-cybersecurity solutions to enterprises and the anticipated demand for such software; the inability to maintain and strengthen reAlpha’s brand and reputation; the inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s U.S. Securities and Exchange Commission (“SEC”) filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media
irlabs on behalf of reAlpha
Fatema Bhabrawala
fatema@irlabs.ca
1 https://market.us/report/ai-in-cybersecurity-market/
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