RAI Inc. Secure $45M Investment for XR & AI Innovation

#RAI Inc. Secure $45M Investment to Fuel XR & AI Innovation

ORLANDO, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) — In a groundbreaking development, RAI Inc. has announced a substantial investment of $45 million, further cementing its position as a leader in next-generation technologies. RAI, a pioneer in Extended Reality (XR) and Artificial Intelligence (AI), has formed strategic partnerships with industry powerhouses DelMorgan & Co. and UCEA. These partnerships, along with the secured funding commitments, are set to propel RAI’s growth and innovation to new heights.

The investment from DelMorgan & Co. and UCEA will enable RAI to expand its research and development initiatives, ensuring that it continues to lead the charge in technological transformation. With a long-term strategic roadmap in place, RAI aims to drive advancements across its diverse portfolio of XR and AI products.

Speaking about the transformative moment for RAI, Mark Hu, Founder of RAI Inc., said, “The financial backing from DelMorgan, UCEA, and the strategic guidance from Westmount provide a solid foundation for us to continue redefining the boundaries of XR and AI innovation. Our mission is to revolutionize industries and create technology that enriches lives.”

RAI’s innovative product portfolio showcases its commitment to redefining user interaction and technological application. The Imoca platform, for instance, offers a customizable workspace that integrates cutting-edge technologies such as Web3, generative AI, and MetaVerse applications. This pioneering solution aims to transform productivity in a virtual world.

Another groundbreaking product is Sonosense, a platform designed for hearing-impaired individuals. This life-changing tool converts conversations and audio from calls into visual augmented reality (AR) displays, empowering inclusivity and accessibility through intuitive design and smart technology.

RAI is on a mission to bridge the gap between traditional entertainment and immersive streaming experiences through its dynamic media platform. By delivering a unified, interactive solution, RAI enhances user engagement in the digital landscape.

The company’s participation in Google’s AI Startup Cloud Program has provided RAI with access to cutting-edge resources in experimentation, data analytics, and scalability. This collaboration has significantly enhanced RAI’s capacity to deliver innovative solutions at scale, positioning it to meet the growing demands of the global technology market.

In addition to the partnerships with DelMorgan and UCEA, RAI has engaged Westmount Capital Partners as an advisory firm. Their expertise in capital raising, mergers and acquisitions, and corporate finance will play a vital role in propelling RAI’s mission forward.

RAI Inc. is a Florida-based technology company at the forefront of XR and AI innovation. With a focus on developing breakthrough solutions for the MetaVerse, MultiVerse, and Smart Health Humanity, RAI aims to revolutionize industries and enrich lives through its cutting-edge technologies.

Glyde Digital, a leading marketing and communications agency, has supported RAI’s capital-raising efforts. By building credibility, enhancing visibility, and driving meaningful impact in competitive markets, Glyde Digital has played an invaluable role in RAI’s success.

DelMorgan & Co., a global leader in financial advisory services specializing in mergers and acquisitions, capital raising, and strategic transactions, empowers clients to achieve exceptional outcomes. UCEA, based in Portugal, provides comprehensive financial and investment services, delivering strategic capital solutions to support high-growth ventures. Westmount Capital Partners Inc., a premier financial advisory firm, specializes in capital raising, mergers and acquisitions, and corporate finance solutions.

With this recent investment and visionary partnerships, RAI Inc. is poised to continue blazing a trail in XR and AI innovation. As they redefine the boundaries of what is possible, RAI is set to transform industries and create technology that truly enriches lives.