Latest news with #DotAi
Yahoo
4 days ago
- Business
- Yahoo
Exclusive: Dot Ai agrees to distribution partnership with Australia's CanTech
- Dot Ai has agreed to its first international distribution partnership with Australian specialist technology firm CanTech Group, according to a statement from the artificial intelligence-based software-as-a-service startup on Wednesday. CanTech will act as a reseller and installation partner in Australia, helping clients use U.S.-based Dot Ai's cloud platform and real-time item tracking solutions. The company, which offers a selection of tools that are designed to help businesses streamline their logistics and supply chain processes and bolster their operational security, said the collaboration comes as it is looking to expand its worldwide presence. "With our first global partnership, we're not just entering a new region—we're establishing a model for future international deployments that blends local expertise with transformative technology," said Dot Ai CEO Ed Nabrotzky. In July, Dot Ai announced that its manufacturing facility in Puerto Rico is now fully operational, adding that it is pushing to meet "rising global demand" and deliver "greater value" to its customers. Shares of Dot Ai, which trades on the Nasdaq under the ticker "DAIC," have slipped by more than 12% over the past one-month period. The firm went public in June via a blank-check tie-up with special purpose acquisition vehicle ShoulderUp Technology Acquisition Corp. Along with the merger, Dot Ai said it has raised $12 million in so-called private investment in public equity (PIPE) financing to help support its strategic growth plans. These include the expansion of Dot Ai's research and development goals and go-to-market strategies as well as its manufacturing operations in Puerto Rico. With PIPE deals, special purpose acquisition companies can raise additional funds from private investors like hedge funds and institutions in exchange for shares prior to the merger deal being completed. Related articles Exclusive: Dot Ai agrees to distribution partnership with Australia's CanTech JPMorgan see 50% upside in Michael Kors owner Capri Bessent: no security concerns with Nvidia chips in China, revenue will pay debt
Yahoo
09-07-2025
- Business
- Yahoo
Dot Ai's Puerto Rico manufacturing facility begins production
- Recently-listed Dot Ai's manufacturing facility in Puerto Rico is now fully operational and has begun production for its patent-pending hardware applications, the artificial intelligence-enhanced software-as-a-service startup has announced. In a statement, the company said the facility -- its first hardware manufacturing operation -- is equipped to produce its so-called "Zero Infrastructure Mesh Bridge," which helps with real-time tracking solutions, as well as smart asset tags. These items can then be used for data collection and process optimization via Dot Ai's cloud platform, the firm noted. Dot Ai (NYSE:DAIC), which offers a selection of tools that are designed to help businesses streamline their logistics and supply chain processes and bolster their operational security, said the plant will help meet "rising global demand" and deliver "greater value" to customers. CEO Ed Nabrotzky said the facility in Barceloneta, Puerto Rico 'strategically positions us to meet growing demand as supply chain and logistics operators face increasing pressure to reduce costs, improve reliability, and optimize efficiency." Plans to establish the site were previously announced by Dot Ai and the island's business attraction organization, Invest Puerto Rico, in May. Wednesday's announcement comes after Dot Ai went public on the Nasdaq last month via a blank-check tie-up with special purpose acquisition vehicle ShoulderUp Technology Acquisition Corp. Along with the merger, Dot Ai has said it has raised $12 million in so-called private investment in public equity (PIPE) financing to help support its strategic growth plans. These include the expansion of Dot Ai's research and development goals and go-to-market plans as well as the development of its manufacturing operations in Puerto Rico. With PIPE deals, special purpose acquisition companies can raise additional funds from private investors like hedge funds and institutions in exchange for shares prior to the merger deal being completed. Related articles Dot Ai's Puerto Rico manufacturing facility begins production How are investors positioned for the summer? We expect PC market growth to decelerate vs. H1: Morgan Stanley 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
Time Business News
06-07-2025
- Business
- Time Business News
Cutting-Edge IoT Innovations in Logistics
The use of Internet of Things (IOT) techniques including smart sensors, GPS, RFID tags, and linked devices, is known as IOT-operated logistics to track, monitor and manage the flow of goods in real time in the supply chain. IOT-operated logistics industry is increasing due to real-time visibility, cost reduction and increasing demand for rapid delivery. Companies are using IOTs to customize routes, track assets and meet customers' expectations for transparency and reliability. Key Growth Drivers and Opportunities E-Commerce Expansion: Since e-commerce is growing so quickly, the delivery system requires a pressure that is faster, more effective and more transparent. It is one of the main factors pursuing the IOT-operated logistics market. Logistics firms are using IOT technologies to meet the demands of customers for real -time tracking, condensed delivery window and accurate inventory availability. The IOT device monitors automated warehouse management, skilled final-meal distribution, and real-time shipment, which monitors all necessary for management of huge amounts and complexity of e-commerce operations. An increase in online shopping is forcing logistics companies to implement smart technologies, accelerating the adoption of the industry's IOT. Challenges Despite its benefits, the IOT-operated logistics market faces several boundaries, including high implementation costs, data secrecy concerns, and complexity of integration of IOT with heritage systems. Connectivity issues in remote areas, lack of standardization, and cyber security risk also obstruct the widely adopting. Additionally, advanced infrastructure and skilled personnel are required to manage and analyze the vast amounts of data generated by IOT devices, which can be a barrier to small logistics firms. Innovation and Expansion ZiM: Next-Gen IoT Tracking Technology Is Introduced by Dot AI In December 2024, an innovative firm in the asset intelligence technology field, SEE ID, Inc., doing business as Dot Ai, has announced the release of their new IoT tracking device. ZiM, a next-generation technology solution from Dot Ai, has the potential to completely transform supply chain management and asset monitoring in logistics. Leaders in the RFID and IT security sectors created the patented ZiM technology to replace the antiquated and costly technologies that logistics operations had been using for many years. ZiM is made to securely collect data at the corporate edge in order to provide a cutting-edge asset management solution. In order to supply information for supervisory systems, it can read both passive (battery-free transponders) and active (battery-powered beacons). When placed on moving racks or pallets, the bridge may run on its own battery power. Alternatively, it can be hooked to electricity for permanent placement in gateways or aisles. Proxgy Introduces Lockator, a Satellite-Based System for Tracking Wagons and Logistics In March 2024, The Lockator smart lock, a low-orbit, satellite-connected GPS gadget, is a 'Made in India' product, according to the announcement made by Indian industrial IoT company Proxgy. A strong 90-day battery life, lightning-fast Type-C charging, remote lock/unlock capabilities, RFID and NFC smart key unlock, geolocation tracking, geofencing, real-time tamper alarms, satellite connection, LoRaWAN mesh network integration, and a breakage-proof design are all features that Lockator offers. Lockator is used in a variety of industries, such as protecting oil containers from theft, guaranteeing the integrity of test papers while in transit, and protecting valuable cargo for government agencies, customs offices, election commissions, cash management companies, freight forwarders, international shipping companies, insurance companies, and railroads. Inventive Sparks, Expanding Markets Prominent players working in the IOT -run logistics include Dutha Post AG, Amazon Web Services, Ink, Oracle, Cisco and others. To increase productivity and meet consumer demands, IOT-operated logistics firms must prioritize implementing state-of-the-art technology, creating reliable alliances, data protection and inclusion of scalable solutions. Companies should also give priority to stability and employee development. About Author: Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business. TIME BUSINESS NEWS
Yahoo
23-06-2025
- Business
- Yahoo
Dot Ai Stock Soars in Trading Debut
Shares of Dot Ai surged in their Nasdaq debut Monday, days after the company completed a merger to go public. The asset tracking software firm said last Friday that it had completed a merger with a special purpose acquisition company. Dot Ai said it generated roughly $440,000 in revenue and lost nearly $2 million in of Dot Ai (DAIC) surged 35% in their Nasdaq debut Monday, days after the company completed a merger to go public. The company, now trading under the "DAIC" stock symbol, merged with a special purpose acquisition company (SPAC) called ShoulderUp Technology Acquisition Corp. in a deal that was completed on Friday. Dot Ai said it had raised $12 million in private investment in public equity (PIPE) investment that will "support its strategic growth plans, including the expansion of R&D, Go-To-Market, and building out of its Puerto Rico-based manufacturing operations." "We're thrilled to finalize our listing and to become a publicly traded company," co-founder and CEO Ed Nabrotzky said. "Leveraging state-of-the-art artificial intelligence engines, the Internet of Things, and our patented, proprietary and innovative software, hardware and cloud integration solutions, we are revolutionizing how companies all over the world manage their supply chains, logistics operations and operational security." In a prospectus filed in January, SEE ID, the company that publicly does business as Dot Ai, said it generated revenue of just under $440,000 and recorded a net loss of nearly $2 million in 2023. Read the original article on Investopedia Sign in to access your portfolio
Business Wire
23-06-2025
- Business
- Business Wire
Dot Ai to Begin Trading on Nasdaq Stock Market
LAS VEGAS--(BUSINESS WIRE)--SEE ID, Inc., doing business as Dot Ai (Nasdaq: DAIC) ('Dot Ai'), a pioneering startup at the forefront of asset intelligence technology, today announced that shares of its Class A common stock and warrants will commence trading on the Nasdaq Stock Market under the ticker symbols 'DAIC' and 'DAICW,' respectively, on June 23, 2025. 'We're thrilled to finalize our listing and to become a publicly traded company,' said Ed Nabrotzky, Co-founder and CEO of Dot Ai. 'Leveraging state-of-the-art artificial intelligence engines, the Internet of Things, and our patented, proprietary and innovative software, hardware and cloud integration solutions, we are revolutionizing how companies all over the world manage their supply chains, logistics operations and operational security.' 'With access to the public markets, we look forward to executing on our growth plans, delivering on our product launches, including our recently announced Zero Infrastructure Mesh and more, and ramping up operations at our Puerto Rico manufacturing hub,' Mr. Nabrotzky continued. 'Furthermore, with partners like Würth Industry USA and additional key players to be announced in the coming months, we believe Dot Ai is well positioned to capitalize on the rapidly increasing demand for modern, next-gen technology that empowers comprehensive, efficient, secure and reliable supply chains across a variety of sectors.' Key Operational Highlights In December 2024, Dot Ai unveiled ZiM (Zero Infrastructure Mesh), a next-gen Internet of Things (IoT) tracking technology, to replace the outdated and expensive technologies that logistics operations have relied on for decades. ZiM is designed to offer an innovative asset management solution by securely gathering data at the edge of the enterprise. It can read both passive (battery free transponders) and active (battery powered beacons) to provide data for supervisory systems. The bridge can operate with its own battery power when mounted on moving racks or pallets or be hardwired to power for fixed installation in aisles or doorways. Puerto Rico Facility In May 2025, in partnership with Invest Puerto Rico ('Invest PR'), the island's business attraction organization, Dot Ai announced plans to establish its first hardware manufacturing operation in Barceloneta. The company chose Puerto Rico to benefit from U.S. jurisdictional protections, strong intellectual property enforcement and access to global markets from a domestic base. Dot Ai projects the facility will result in the creation of up to 200 full-time jobs over the next five years, subject to business conditions and operational scaling. Dot AI's new facility in Barceloneta will manufacture and globally distribute its patented IoT tracking systems, boosting Puerto Rico's reputation as a hub for cutting-edge technology and advanced manufacturing. Partnership with Wurth Industry USA In November 2024, Dot Ai and Würth Industry USA ('Würth'), a leading industrial distributor and division of the Würth Group, announced the execution of a five-year agreement to bring Dot Ai's advanced, AI-driven tracking solutions to Würth's customers. This access offers Würth unprecedented visibility into internal and customer premise operations and provides Dot Ai an exclusive partnership to serve Würth's manufacturing vertical. Under this agreement, Würth customers gain access to Dot Ai's state-of-the-art track and trace technology, including the ZiM Bridge, Industrial Passive asset tag solution (which requires no battery), and a cloud-based, AI platform that continually optimizes processes. These innovations are being seamlessly integrated with Würth's customized CPS ® kanban inventory management solutions, providing real-time data and increasing responsiveness to changing demands, resulting in unprecedented supply chain metrics and security. About Dot Ai At the heart of the technological revolution in asset management and security lies Dot Ai, a trailblazing SaaS service that is redefining the paradigms of asset intelligence, assurance and safety. By harnessing the power of IoT tracking technology, Dot Ai stands at the forefront of innovation, offering patented solutions that are not just advanced but transformative. Through relentless research and development, Dot Ai has pioneered a suite of technologies that empower organizations to not only streamline their logistics and supply chain processes but also bolster operational security to unprecedented levels. Leveraging state-of-the-art AI engines, cutting-edge 5G RF and BLE technology, and seamless cloud integrations, Dot Ai transcends traditional boundaries, offering real-time asset visibility and predictive analytics that integrate effortlessly with existing infrastructure. This is not just technology; it's a vision for a more secure, efficient, and connected world. Discover more about how Dot Ai is leading the charge in asset intelligence by visiting Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, including the statements regarding the anticipated timing to commence trading on the Nasdaq Stock Market, plans regarding the execution of its growth plans, expectations regarding its ZiM product launch and its Puerto Rico Facility expansion. All forward-looking statements are based on ShoulderUp's current expectations and beliefs concerning future developments and their potential effects on ShoulderUp, SEE ID or any successor entity thereof. Forward-looking statements are based on various assumptions, whether or not identified in this press release, and are subject to risks and uncertainties. These forward-looking statements are not intended to serve as a guarantee of future performance. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) risks that the transaction and listing disrupt current plans and operations of SEE ID, (ii) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, (iii) the risk that SEE ID and its current and future collaborators are unable to successfully develop and commercialize SEE ID's products or services, or experience significant delays in doing so, (iv) the risk that SEE ID may need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, (v) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations. The foregoing list of factors is not exhaustive; (vi) competition, the ability of SEE ID to grow and manage growth profitably, and retain its management and key employees; (vii) changes in applicable laws or regulations; and (viii) weakness in the economy, market trends, uncertainty and other conditions in the markets in which SEE ID operates, and other factors beyond its control, such as inflation or rising interest rates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the S-4 Registration Statement and proxy statement/prospectus discussed above and other documents filed or to be filed by ShoulderUp, SEE ID and/or any successor entity thereof from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ShoulderUp assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
