SRAX Launches Investor Relations Virtual Assistant Feature in Beta on the Sequire Platform

Rhea-AI Summary

SRAX, a financial technology company, has introduced VIRA™, an AI-driven Virtual Investor Relations Assistant aimed at enhancing communication between publicly traded companies and investors. This chatbot, designed for Sequire users, streamlines access to investor relations information by transforming complex financial data into an interactive Q&A format. Currently in beta, VIRA™ is learning from user interactions, allowing companies to customize its functionality for their websites. This launch represents an innovative step in improving investor engagement and communication.

Positive

• Launch of VIRA™, an AI chatbot enhancing investor communication.
• VIRA™ provides an interactive way to access IR information, simplifying complex data.
• Current learning mode allows for adaptation based on user interactions, improving user experience.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the beta release of VIRA™, the Virtual Investor Relations Assistant and AI solution specially designed to support Sequire user communication with the investment community. VIRA™ is an AI-powered chatbot, created to interact with investors on public companies' IR webpages.

A typical chatbot is a computer algorithm that assists users by processing and responding to their queries in a conversational exchange. The goal of VIRA™ is to provide IR information to the user's website visitors by replacing the need to read complex financial statements and derive important metrics such as revenues and profitability with an easy, conversational question and answer format. Sequire clients can design the chatbot on the platform, then simply install this “virtual assistant” on their own website.

The system is currently in a learning mode, gathering knowledge from its test audience. SRAX has created a space where investors and individuals alike can interact with the bot to help it learn and adapt. This also functions to give clients and prospective clients a first look at the software and a hand in contributing to its growth.

Ask beta VIRA™ questions and she’ll pull from her knowledge base, learn from the input you give her, respond with human-like interactions, and adapt over time. If she doesn’t have an immediate answer to your question in her memory cache, then she’ll learn it, and then pull from that information the next time a similar question is asked.

To see how VIRA™ works and could benefit your company, click here.

About SRAX

SRAX (NASDAQ: SRAX) is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX, visit srax.com and mysequire.com.

Cautionary Statement Regarding Forward-Looking Information:

This news release contains "forward-looking statements'' made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in our business, and our need for future capital. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in SRAX's periodic reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q as well as and in other reports filed with the SEC. We do not assume any obligation to update any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211116005912/en/

Bri Kelvin

investors@srax.com

Source: SRAX, Inc.

FAQ

What is VIRA™ by SRAX?

VIRA™ is an AI-powered Virtual Investor Relations Assistant designed to enhance communication between publicly traded companies and their investors.

How does VIRA™ improve investor relations?

VIRA™ simplifies access to investor relations information by converting complex financial data into an interactive Q&A format.

When was VIRA™ launched by SRAX?

VIRA™ was announced in a beta release, with ongoing learning from user interactions.

What is the purpose of the Sequire platform?

Sequire provides companies with insights into investor behaviors and trends, facilitating enhanced engagement with current and potential investors.

What stock symbol represents SRAX?

SRAX is traded under the stock symbol 'SRAX' on the NASDAQ.