Latest news with #Streeterville
CBS News
7 days ago
- General
- CBS News
Man shot in road rage incident on Lake Shore Drive in Streeterville, Chicago police say
Chicago police said a man was injured in a shooting stemming from a road rage incident on Lake Shore Drive Tuesday morning. Police said a 32-year-old man was driving south in the 700 block of North Lake Shore Drive, the inner part of the famed roadway, in the city's Streeterville neighborhood, when he got involved in a dispute with the driver of a black Jaguar SUV. The victim told police the SUV pulled alongside his car and the driver, a man, pulled out a gun and opened fire. The victim was shot in the elbow and drove to the 1500 block of South Wabash, where he called police. He was then taken to Northwestern Memorial Hospital in good condition, CPD said. No other injuries were reported. Police said the driver of the Jaguar SUV continued south on North Lake Shore Drive before fleeing in an unknown direction. No one is currently in custody. Area Three detectives are investigating.
USA Today
22-05-2025
- Business
- USA Today
Arrive AI Secures $40 Million Capital Infusion via Streeterville Capital
Funding will be used for production and company growth in the US and abroad Arrive AI (NASDAQ:ARAI), an autonomous delivery network anchored by patented AI-powered Arrive Points™, today announced that it has secured financial backing of up to $40 million from Streeterville Capital, LLC. Access to the capital coincided with Arrive AI's public debut on Nasdaq on May15, 2025. 'This significant capital injection is one of the reasons we went to the public markets,' said Arrive AI CEO Dan O'Toole. 'We celebrate the forward thinking Streeterville is leading with in their major commitment to our vision.' Streeterville Capital is an investment firm with operations in Utah and Tennessee with investments in companies including Cingulate, the Marygold Companies and Damon Inc. Streeterville Capital President John Fife said he is intrigued with the vast potential of Arrive AI's solution for package delivery issues like security and efficiency, and the cost savings that can be gleaned. 'This is an exciting answer to problems that are plaguing every industry. Dan and his crew really saw the future coming and worked quickly to meet needs that are starting to be seen around the world,' Fife said. 'We're excited to see how this plays out and are clearly bullish about Arrive AI.' In 2014, O'Toole filed for his first patent for his concept of an AI-powered, smart mailbox capable of securely accepting packages delivered autonomously, beating similar filings from other potential competitors. Since then, he has built a global team, made multiple iterations and acquired complementary technology to refine the devices now known as 'Arrive Points.' The company, which has amassed nearly 5,000 private investors and raised nearly $12 million, has largely generated capital via crowdsourcing. Now that Arrive AI is public a new chapter has begun. -30- About Arrive AI Arrive AI's patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered mailbox, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at ( Media contact: Cheryl Reed, media@ Investor Relations Contact: Alliance Advisors IR, Cautionary Note Regarding Forward Looking Statements This news release and statements of Arrive AI's management in connection with this news release or related events contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'potential', 'will', 'should', 'could', 'would', 'optimistic' or 'may' and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI's Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. SOURCE: Arrive AI Inc. View the original press release on ACCESS Newswire
