Beeline Labs Announces First Capital Raise for Cutting-Edge AI Sales Solution in Magic Blocks
Beeline Reveals Seed Equity Stake and Long-Term License with MagicBlocks
Providence, Rhode Island--(Newsfile Corp. - February 6, 2025) - Beeline Labs, Inc., a wholly-owned subsidiary of Eastside Distilling, Inc. (d/b/a Beeline Holdings) (NASDAQ: BLNE), a pioneering mortgage technology company with an all-digital, AI-driven lending platform announces a major milestone: the first capital raise for MagicBlocks.
This marks a pivotal moment for the Company as it continues to shape the future of AI-driven sales solutions in the mortgage industry and expands its reach to a broader global audience across multiple industries.
Revolutionizing AI-Powered Sales
MagicBlocks has rapidly emerged as a market leader in deploying highly customizable AI sales agents for mortgage origination. The Company has also secured new customer trials across various industries demonstrating its technology's adaptability and effectiveness.
Built on an advanced ensemble of language models and proprietary software, MagicBlocks enables businesses to convert leads into sales more efficiently-at a higher success rate and lower cost.
The Company's founders, Jay Stockwell and Sean Clark, along with Beeline, retain equity ownership, ensuring a long-term partnership focused on ongoing innovation.
'Building a virtual AI sales department that stays on-brand, understands financial nuances, and navigates complex sales processes requires deep expertise,' said Jay Stockwell, Beeline co-founder and founder of MagicBlocks. 'We've developed something truly special-a platform that empowers companies to generate more business with greater efficiency.'
Beeline Labs's CEO and co-founder, Nick Liuzza, added: 'The MagicBlocks platform is live and ready for companies to build and customize their own AI-driven sales strategies. This milestone is a huge leap forward for Beeline Labs, as we expand our AI-powered SaaS offerings, driving recurring B2B revenue. Beeline isn't just a mortgage innovator-we're a technology company at our core.' Liuzza also highlighted Beeline Labs' expanding portfolio, noting, 'With BlinkQC set to generate revenue in March, MagicBlocks marks our second major SaaS opportunity in the mortgage tech space-already driving results.'
Plug-and-Play AI Sales Departments for Any Industry
What sets MagicBlocks apart is its ability to let companies quickly deploy their own AI sales departments-without having to build custom software. With simple natural language instructions, businesses can go live at a fraction of the cost of building their own AI Agent, using a flexible monthly subscription model based on features and usage.
This capital raise solidifies MagicBlocks as an independent company, while Beeline retains a significant equity stake and long-term licensing rights. MagicBlocks' technology is also embedded within Beeline's home loan customer experience via Bob, the mortgage industry's first AI chatbot in Beeline's Bob AI Sales Strategy, ensuring continuous innovation within Beeline's ecosystem.
Jess Kennedy, Beeline Labs's Chief Operating Officer, emphasized the impact: 'MagicBlocks has completely transformed our go-to-market strategy at a crucial time for the mortgage industry. Delivering high-level service while reducing costs is more important than ever, and MagicBlocks gives us a powerful advantage.' With this funding, MagicBlocks is positioned to accelerate AI-driven sales innovation across multiple sectors, redefining how businesses engage and convert leads in an evolving digital landscape.
Beeline Labs Continues to Drive AI Innovation
MagicBlocks is the second major product launch from Beeline Labs, following the recent unveiling of BlinkQC-an AI-powered mortgage Quality Control (QC) solution designed to streamline compliance and auditing for lenders.
About Beeline Labs and MagicBlocks
Beeline Labs is a wholly owned SaaS company developing cutting-edge mortgage software designed to lower costs, increase efficiency, and create better outcomes for mortgage and title consumers and investors. Beeline Labs is committed to rolling out new products and strategic partnerships. To learn more about the company, visit MagicBlocks.
About Beeline Holdings
Beeline Holdings is a technology-driven mortgage lender and title provider building a fully digital, AI-powered platform that simplifies and accelerates the home financing process. Headquartered in Providence, RI, Beeline Financial Holdings, Inc. is dedicated to transforming the mortgage industry through innovation and customer-focused solutions. It is a wholly-owned subsidiary of Beeline Holdings and owns Beeline Labs.
Important Cautions Regarding Forward-Looking Statements
Certain matters discussed in this press release may be forward-looking statements that reflect our expectations or anticipations rather than historical fact. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions, general competitive factors, the Company's ongoing financing requirements and ability to achieve financing, acceptance of the Company's products in the market, the Company's success in obtaining new customers, the Company's ability to execute its business model and strategic plans, and other risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ('SEC'). A detailed discussion of the most significant risks can be found in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and the Company's Current Report on Form 8-K filed with the SEC on November 21, 2024 and the Company's Current Report on Form 8K/A filed with the SEC on Form 8-K/A on December 19, 2024. The Company assumes no obligation to update the cautionary information in this press release.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
9 hours ago
- Hamilton Spectator
Employee Turnover Is Costing Canadian Companies Big in 2025
TORONTO, June 11, 2025 (GLOBE NEWSWIRE) — As the midpoint of 2025 approaches, many companies are not only focused on hiring but also preparing for a potential rise in employee turnover. According to a recent Express Employment Professionals-Harris Poll survey, close to 1 in 3 Canadian hiring managers (28%) expect turnover at their company to increase this year. This growing concern is already impacting company budgets. On average, turnover costs businesses $29,234 annually in expenses like rehiring and lost productivity. For nearly 1 in 5 hiring managers (17%), that number climbs to $100,000 or more each year. The financial burden of turnover is especially pronounced in larger organizations. Among those who report annual turnover costs of $100,000 or more: Among those anticipating increased turnover, the most commonly cited reasons include: In light of these challenges, hiring remains a top priority for Canadian companies. A strong majority (83%) of hiring managers say their companies still plan to hire in 2025, which is in line with last year's figures. Among those, 33% are hiring to increase their overall headcount, while 37% aim to maintain current staffing levels. Notably, 38% of those planning to hire say the need to replace employees lost to turnover is a key driver behind their plans. 'Employee turnover isn't just a staffing issue, it's a financial one,' said Express CEO Bob Funk, Jr. 'Companies that want to stay competitive must be intentional about retention. That means building a workplace where people see long-term value — not just in compensation, but in leadership, clarity of direction and the opportunity to contribute meaningfully.' Survey Methodology The Job Insights survey was conducted online within Canada by The Harris Poll on behalf of Express Employment Professionals between Nov. 11 – 26, 2024, among 505 Canadian hiring decision-makers. For full survey methodology, please contact Ana Curic at Ana@ . If you would like to arrange for an interview to discuss this topic, please contact Ana Curic at (613) 858-2622 or email Ana@ . About Robert (Bob) Funk, Jr. Robert (Bob) Funk, Jr., is the Chief Executive Officer and Chairman of Express Employment International, a global staffing franchisor founded and headquartered in Oklahoma City, Oklahoma. He leads a portfolio of workforce solution brands, including the flagship Express Employment Professionals franchise, along with several affiliated brands serving specialized markets. The Express franchise brand is an industry-leading, international staffing company with franchise locations across the U.S., Canada, South Africa, Australia and New Zealand. About Express Employment Professionals At Express Employment Professionals, we're in the business of people. From job seekers to client companies, Express helps people thrive and businesses grow. Our international network of franchises offers localized staffing solutions to the communities they serve across the U.S., Canada, South Africa, Australia and New Zealand, employing 427,000 people globally in 2024 and more than 11 million since its inception. For more information, visit . A photo accompanying this announcement is available at
Yahoo
2 days ago
- Yahoo
Apple WWDC: What to expect as investors await AI progress
Apple's (AAPL) Worldwide Developers Conference (WWDC) kicks off today as investors watch for signs of the company's progress in the artificial intelligence (AI) space. TECHnalysis Research president Bob O'Donnell joins Morning Brief to break down what Apple needs to deliver to win back Wall Street's confidence. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Apple's Worldwide Developers Conference kicking off today in Cupertino, California. The iPhone maker expected to focus on design and productivity enhancements for its operating systems. Joining us now, we've got Bob O'Donnell. He is Tech Analysis Research's president. Bob, great to have you on this morning to get a sense of what we can expect this week. What are your expectations? Thanks, Maddie. Great to be here. Uh, so look, I mean, basic news is everybody believes it's going to happen is a lot of sizzle and not necessarily a lot of steak. So we're going to see new UI designs, uh, for iOS, Mac OS, watch OS, iPad OS, TV OS, uh, Vision Pro OS, every OS they have. Uh, they'll all have a new consistent look. That is apparently supposed to be similar to what the Vision Pro has. And then they're going to have a new numbering scheme. They're going to line up with the calendar years. We've seen other companies do this. So instead of iOS 19, it's going to be iOS 26 because it's going to come out late 25 and mostly be available in 26. That's the plan. Um, then we'll see some other enhancements, uh, expected, but basically everybody thinks that all the previews suggest very little on Apple intelligence and Siri. And of course, that's where all the market buzz is. Everybody has been talking about AI. You guys were have been talking about it for the last few minutes. I've been listening. I mean, that's what everything's about. So there's definitely going to be some disappointment, I think from the hardcore AI folks and some of the hardcore Apple fans. But you know, look, the thing with Apple, they have this incredible knack for having the right timing on a lot of stuff. So my question really is, hey, so they're late, but in the end, will it really matter? Because not everybody is out there using AI all the time. A lot of people are just sort of nibbling at it. And by the time Apple gets their act together, hopefully they'll have, you know, the demand will be there and it'll all just line up. And and we've talked at length about generative AI almost replacing the initial mindset to begin a search query on one of the more popular search engines over the past few decades here. What is the technology that you anticipate really driving that next kind of thrust point forward for how people are activating generative AI through the devices that they're using? You know, it's a great question, Brad. I mean, it boils down to agents, right? Agents is where we expect to see AI move from being just a chatbot, you know, typing in a prompt kind of a thing, uh, like a search query or what have you into actually performing actions. And so that's where you've got AI essentially running in the background doing all these things. And for the record at DubDC last year, Apple presented this very cool vision of exactly that. Like, in a way, they were a little bit ahead of the curve on the whole agent story. The problem is they haven't been able to deliver on it and the few things that they did put out did not work. Well, the basic text summarization and notification summaries, all these things did not work at all like they were expected. The other challenge for Apple, of course, is they don't have their own LLM. They're using other people's. They're partnering with a number of folks. And of course, there's a big question of do they really need to have their own? You would think down the road at some point, they probably do. So, I don't know, maybe they'll tease that today. We'll see. Is there anything that Apple could say this week that would change not only your mind, but Wall Street's mind on where they stand within the AI race? Like how high is the bar for them? Well, I mean, look, the bar is super high. Nobody else has more devices in the world. So no one can have a bigger impact on how people integrate AI into their everyday experiences than Apple, right? I mean, it's 1.2 billion or however many devices they're up to these days. So the bar is incredibly high, Maddie, but you know, they have got to show that they're able to deliver on some of the vision, like I said that they showed last year that they're making progress on doing some of their own models, um, that they, you know, have a sense of how they're going to get things there. And frankly, even integrating, like, how do I think about Siri versus Apple intelligence? How do they work together? You know, is Apple intelligence behind the scenes and Siri's in the front? You know, even clarifying some basic things like that, I think are going to be important because there's a lot of confusion about what Apple's trying to do. And then of course, partnerships. Originally, there was a thought they would have an announcement with Google to leverage Gemini in addition to OpenAI. Uh, but now it sounds like perhaps that may not happen. We'll see. That would make a difference as well if they, we saw some big partnerships, uh, with some other LLM providers. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
6 days ago
- Business Upturn
Bank of Baroda shares drop 2% ahead of its final dividend announcement
By Aman Shukla Published on June 6, 2025, 09:32 IST Bank of Baroda (BoB) shares slipped 2% in early trade ahead of the record date for its final dividend for FY25. The bank had earlier announced a final dividend of ₹8.35 per equity share (face value ₹2 each) for the financial year 2024–25. As of 9:31 AM, the shares were trading 2.57% lower at Rs 244.20. In a recent exchange filing, BoB stated, ''Recommended a dividend at Rs. 8.35 (Eight Rupees Thirty-Five Paise only) per equity share (Face Value Rs.2/- each fully paid up) for the FY2024-25 subject to declaration/approval at the ensuing 29th Annual General Meeting. 3. Bank has fixed record/cut-off date as 06th June 2025 for the purpose of dividend payment. Hence, shareholders having shares as on the cut date, i.e 06th June 2025, shall be eligible for dividend payment.' Bank of Baroda shares opened at ₹243.50 on Friday, touching an intraday high of ₹245.58 and a low of ₹242.11. The stock remains under watch as it trades below its 52-week high of ₹290.50 but stays well above the 52-week low of ₹190.70. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
