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Bybit Registers with FIU-IND and Commits to the Indian Markets

DUBAI, UAE, Feb. 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully registered with FIU-IND, reinforcing its commitment to regulatory compliance in India. As part of this process, Bybit has settled the monetary fine and diligently addressed and resolved prior regulatory matters, further demonstrating its dedication to transparency and the highest standards in the Indian market.

Bybit is committed to operating within the regulatory framework of India and takes its compliance obligations seriously. We have been working diligently with the FIU-IND to address their concerns and ensure full adherence to the Prevention of Money Laundering Act (“PMLA”) and associated regulations. We recognize the importance of robust Anti-Money Laundering (“AML”) and Combating the Financing of Terrorism (“CFT”) measures and are dedicated to upholding the highest standards in these areas.

We believe that our engagement and cooperation throughout the FIU-IND registration process demonstrates our commitment to compliance. We have been actively working to fulfill all necessary requirements for compliance, including its registration application on 26 June 2024 as a Virtual Digital Asset Service Provider (“VDASP”) in India.

Bybit is also proactively involved in the Indian crypto community to educate users and spread awareness. Bybit is currently a Silver Associate Member with the Bharat Web3 Association (“BWA”) . Through this partnership, we hope to use our platform to promote Web3 adoption and foster innovation in the Indian crypto ecosystem.

Bybit’s not-for-profit initiative Blockchain for Good Alliance (“BGA”) has partnered with blockchain societies of top universities like Blockchain Society of IIT Delhi and Blockchain Society of IIT Kharagpur to drive crypto education in India. Bybit will also be conducting a series of hackathons, workshops, and other events in partnership with top universities to foster crypto and blockchain education and awareness within the Indian market in the coming months.

Bybit recognizes the great potential of the Indian market, and is committed to offering the best services and products to all Indian users, including Spot, Derivatives, Options, Bybit Earn, and more.

Bybit Registers with FIU-IND and Commits to the Indian Markets
Bybit Registers with FIU-IND and Commits to the Indian Markets

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.co
For updates, please follow: Bybit’s Communities and Social Media

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Corti’s First AId Report: Burnout levels challenge healthcare professionals’ ability to care for patients in Europe and the U.S.

Artificial Intelligence could be a lifeline but unsuccessful trials, limited opportunities, and lack of experience is holding healthcare professionals back

  • Europe lagging behind the U.S. in terms of acceptance and adoption of AI and differences exist within the European markets
  • U.S. healthcare professionals using AI are up to three hours every week correcting unreliable outputs
  • Physicians and younger professionals are more likely to use AI, while women, nurses, and patient care staff are less likely to use the technology
  • Report surveyed almost 2,500 healthcare professionals with contributors including Nvidia, Microsoft and Dedalus 

NEW YORK, Feb. 6, 2025 /PRNewswire/ — New research from Corti and YouGov has revealed alarming burnout levels affecting healthcare professionals’ (HCPs) ability to provide optimal patient care in the U.S. and key European markets (Denmark, France, Germany, and the UK). The research explores artificial intelligence’s potential as a solution to support and augment patient interactions while assessing AI acceptance and adoption across each market.

According to the research, burnout levels are challenging healthcare professionals’ ability to deliver care to patients – 41 percent report monthly burnout, 77 percent report feeling overwhelmed in their roles, and 24 percent think about leaving their role weekly due to overwhelming workloads. 23 percent experience burnout every week, impacting decision-making and patient care quality, and 26 percent say burnout affects their ability to provide consistent follow-up care.

Europe lagging behind
The HCPs surveyed were asked about their attitudes towards AI as a potential solution to the challenges they face and to augment tasks like note-taking and decision support. The U.S. is ahead of Europe with 38 percent of HCPs using AI in their day-to-day work, compared to 25 percent of HCPs in Germany and Denmark using AI tools at least once a month, and only 14 percent in the UK. 74 percent in the European study do support the use of AI in practice but 52 percent say they wouldn’t feel confident using current AI solutions in their work. This lack of confidence has led to “pilot paralysis” of AI trials that fail to advance due to accuracy, cost, and integration challenges.

General-purpose vs. specialized AI
One finding in the U.S. version of the study revealed an emerging issue stemming from broader AI use in healthcare. The research found that workloads were being increased rather than reduced as a third of U.S. HCPs are spending up to three additional hours a week correcting it. This is impacting confidence levels, and while they may be behind in adoption, Europeans can learn from their U.S. counterparts and opt for apps built on specialized models over general purpose models for high-stakes environments like healthcare. Corti’s specialized models are proven to be safer, faster and more accurate than general purpose AI models such as GPT-4.

“Just as we wouldn’t let a medical student perform surgery without proper training, we shouldn’t trust AI systems that haven’t been specifically trained and validated for healthcare,” said Frederik Brabant, MD and Chief Medical Strategy Officer at Corti. “When over half of healthcare professionals say they wouldn’t feel confident using current AI solutions in their work, we know we need specialized solutions that can build sector confidence and safely meet healthcare’s unique demands.”

Trust and confidence achieved through usage
In spite of some of the later headwinds met with general AI adoption, the survey findings show that early adopters gain trust and confidence in AI through initial experiences, with 62 percent of those who have used AI in their work saying that they would feel confident using it again. Fear of errors (51 percent) and patient privacy (35 percent) are the most cited concerns by the HCPs surveyed showing that there is a significant need for continued education, more accuracy and for the right balance to be struck between innovation and integration.

“To break out of pilots and drive meaningful change, healthcare AI must be built on models that recognize trust isn’t binary, it’s earned over time,” said Andreas Cleve, co-founder and CEO. “Success requires investing in AI that’s been rigorously trained and validated for healthcare’s unique demands. While quick builds can show quick wins, lasting trust comes from diligence, research and reliability. It only takes a few shortcuts and errors creeping in to erode trust and cost us the opportunity to transform care for millions.”

Access is not a level playing field
There are also discrepancies between certain demographics using AI that need to be addressed. Physicians (35 percent) and younger HCPs (34 percent) are the most common early adopters, while nurses and patient care staff are the least likely to be using AI (14 percent). Male HCPs are more likely to use AI monthly (33 percent) compared to women (17 percent) – 69 percent of female HCPs have never used AI at work compared to 54 percent of male HCPs. Younger HCPs (18-24 years) have a higher monthly usage rate (32 percent) compared to those aged 55+ (16 percent).

Benefits beyond time savings
The survey findings show that demand is high for AI tools with 74 percent of HCPs in Europe keen to apply AI to at least one workplace challenge. While top demands among HCPs are for saving admin time (42 percent) and automating patient notes (29 percent), many physicians are keen for AI to go beyond just time saving to support decision making and diagnosis (32%) and provide diagnostic insights (25 percent) in future usage. When asked to imagine that AI could reduce their administrative workloads by up to 80 percent, 45 percent of HCPs said they would use the time back to focus on direct patient care.

The release of the study coincides with the launch of Cortis purpose-built AI infrastructure for healthcare. The introduction of three foundation and 20 expert models is the first of its kind, built on nine years of peer-reviewed research, supporting a wide range of administrative tasks – from notetaking and documentation to coding and quality assurance. – and factoring in more complex considerations for healthcare that only specialised models can prioritise. Together, Corti’s foundation models form the most powerful and adaptable AI infrastructure in healthcare. Trained on hundreds of millions of hours of domain specific data, the result is faster, more concise, accurate, and cost-efficient AI for healthcare than GPT-4.

To learn more about Corti’s healthcare AI infrastructure or download First AId: A Study on Artificial Intelligence for Healthcare, visit corti.ai

Report Methodology
All figures, unless otherwise stated, are from YouGov Plc. The total sample size for the European study was 1,794 healthcare professionals in the UK, Denmark, France, and Germany. The U.S. study included 500 healthcare professionals. Fieldwork was undertaken in November 2024, and the survey was conducted online.

About Corti
Corti is a research and development company that specializes in state-of-the-art AI foundation models for healthcare. Corti’s mission is to eliminate administrative hurdles in healthcare and life sciences and bring expert-level healthcare reasoning to every corner of the globe, driving down costs and improving the quality of care.

Corti’s models integrate seamlessly into any healthcare application through Corti’s SDKs and APIs, enabling vendors, providers, and payers to leverage safe, cutting-edge AI across extensive use cases in healthcare.

Contact: press@corti.ai

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FEATURING DETAILS ON SAQUON BARKLEY’S INVESTMENT IN RAMP

NEW YORK, Feb. 6, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) congratulates financial operations platform Ramp, for adding Philadelphia Eagles superstar running back Saquon Barkley to its roster as investor and star of the company’s first Big Game ad

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FEATURING DETAILS ON SAQUON BARKLEY’S INVESTMENT IN RAMP

Click to read the Press Release here

The NYSE’s daily pre-market update directly from the Trading Floor on February 6th

  • Philadelphia Eagles running back Saquon Barkley to star in Ramp’s Big Game ad
  • Amazon set to release earning after Thursday’s closing bell
  • Bureau of Labor Statistics to release jobs report Friday morning

Watch NYSE TV Live every weekday 9:00-10:00am ET 

Video – https://mma.prnasia.com/media2/2614542/NYSE_Feb_6_2025_Market_Update.mp4

 

$50M historic gift fuels scholarships in coastal and marine sciences at William & Mary’s Batten School & VIMS

Alumnus provides largest scholarship gift in university’s history; Investment in the next generation of scientists and leaders comes at a time of global crisis

WILLIAMSBURG, Va., Feb. 6, 2025 /PRNewswire/ — William & Mary’s largest scholarship gift — the biggest ever for a school of coastal and marine sciences and the first of its kind nationally — will empower the next generation to tackle the world’s most pressing environmental challenges.

The $50 million gift from Dr. R. Todd Stravitz ’82 and the Brunckhorst Foundations comes at a time when global crises — such as rising seas, eroding coastlines and environmental degradation — are disrupting billions of lives. The R. Todd Stravitz Scholars Program will provide full tuition support for students pursuing the new bachelor’s degree in coastal & marine sciences at W&M’s Batten School.

“We are deeply grateful to Dr. Stravitz and the Brunckhorst Foundations,” said President Katherine A. Rowe. “This gift removes financial barriers, allowing the brightest minds to access the learning and tools needed to address our planet’s urgent problems. These future trailblazers will craft solutions that safeguard ecosystems, economies, and the communities that depend on them around the globe.”

The announcement builds on the momentum of a $100 million gift from Jane Batten HON ’17, L.H.D. ’19 in July 2024 to establish the Batten School of Coastal & Marine Sciences.

This transformational gift coincides with W&M & the Batten School’s launch of Virginia’s first public undergraduate degree in coastal & marine sciences, recently approved by the State Council of Higher Education for Virginia. The first cohort of selected students will begin their studies this fall, kicking off with the major’s inaugural immersion semester experience, in which students will take classes on the Batten School & VIMS campus.

“This gift is about funding tomorrow’s problem-solvers,” said Derek Aday, dean of the Batten School and director of VIMS. “At William & Mary, we equip students with the skills to craft applied solutions to some of the biggest challenges of our time. This investment ensures our students can lead where the world needs them most.”

“When I was a student, a degree like this didn’t exist, and I want to create the pathway for today’s students to experience the best of William & Mary so they are prepared for the greatest challenges of their generation,” said Stravitz. “Our best hope for solving the environmental crises we face is educating young people to care for and improve our planet. Programs like this are critical to our future, and I’m honored to support this vital mission.”

The Brunckhorst Foundations are dedicated to advancing important global causes, including medical research and environmental sustainability. With a focus on innovative solutions and initiatives, the foundations have been an important partner in supporting the Batten School & VIMS’ efforts to promote resilience, conservation and education for the last several years.

“Generations of students will benefit from this tremendous gift,” said Provost Peggy Agouris. “It paves the way for emerging scholars to deepen their expertise in these critical research areas and become part of the vibrant academic community at W&M’s Batten School & VIMS. Thanks to the generosity of Dr. Stravitz and the Brunckhorst Foundations, there are incredible opportunities ahead.”

This gift coincides with the start of William & Mary’s Year of the Environment, which brings the entire community together to deepen W&M’s shared commitment to safeguarding the environment and the communities that depend on its health. The yearlong observance will focus on advancing sustainability and conservation efforts on campus and furthering the university’s impact around the world.

For more information about ways you can support this effort, visit our website.

 

TON and Mantle Set to Reveal 2025 Infrastructure Investments & Incubation Roadmap on Bybit Web3 Livestream

DUBAI, UAE, Feb. 6, 2025 /PRNewswire/ — Bybit Web3 , the Web3 division of Bybit, is thrilled to announce the upcoming livestream event TON x Mantle in 2025: What’s Next After a Breakout Year? Set for February 7, 2025, at 8 AM UTC, this virtual gathering will spotlight the next phase of cross-chain innovation, emerging Web3 trends, and the strategic collaboration between Bybit and the TON Accelerator.

As Web3 gears up for a new bull run, the event will bring together key industry leaders to reflect on 2024’s major milestones and unveil their strategic vision for the year ahead. The discussion will highlight how cross-chain synergy, TON ecosystem growth, and developer acceleration are shaping the future of decentralized finance and blockchain adoption.

Unveiling Cross-Chain Synergy: Key Discussion Points

This livestream aligns with Bybit’s partnership with the TON Accelerator, which was announced in December 2024, and aims to support Web3 developers and startups in the Synergy Cohort. It will explore the way TON and Mantle ecosystems are going into the 2025 bull run.

Attendees will gain valuable insights on:

  • Cross-Chain Synergy: How TON and Mantle are driving interoperability and unlocking new business opportunities.
  • TON Accelerator’s Impact: A showcase of top projects from the inaugural Synergy Cohort, with insights into their journey and upcoming milestones.
  • Web3 Liquidity & Investment Trends: Identifying the most promising DeFi and blockchain investment opportunities for 2025.
  • Beyond Tap-to-Earn: Strategic insights for sustainable growth and scalability in blockchain gaming and Web3 applications.

TON and Mantle Set to Reveal 2025  Infrastructure Investments & Incubation  Roadmap on Bybit Web3 Livestream
TON and Mantle Set to Reveal 2025 Infrastructure Investments & Incubation Roadmap on Bybit Web3 Livestream

Spotlight on Expert Panelists

The event boasts a powerhouse lineup of speakers, including:

  • Shadie Berro, Social Media Lead at Bybit & Host
  • Alena Shmalko, Ecosystem Lead at TON Foundation
  • Inal Kardan, Partner at TON Ventures
  • Sophia Rusconi, Head of Acceleration at TON Accelerator
  • Sami Al-Abed, Head of DeFi at TON Accelerator
  • Zuki, Head of growth at FBTC, representing Mantle

Each panelist will share unique insights into TON’s evolving ecosystem, emerging narratives, and the role of cross-chain collaboration in accelerating Web3 adoption. They will dive into “Cross-Chain Synergy: Building the Future of Adoption – TON & 1B Telegram Users + Mantle & EVM Liquidity” and explore the latest developments, emerging trends, and what’s next in the TON and Mantle ecosystems.

Exclusive Livestream Rewards

Viewers will have the chance to win exclusive rewards, including:

–      Trade-to-Win Red Packet Giveaway

–      New User Exclusive Offers

Eligible participants can claim bonuses and prizes directly through their Bybit accounts. Full terms and conditions are available on the Bybit platform.

This livestream marks another key milestone in Bybit’s mission to foster innovation, education, and collaboration in the blockchain space. As Bybit continues to empower Web3 builders, this event offers a front-row seat to the future of decentralized technology and cross-chain synergy.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Personetics’ New Features Give Banks More Ways to Monetize Customer Wellness

Personetics’ latest product release empowers financial institutions to develop highly personalized customer experiences that democratize financial advice, inspire action, and drive business value

NEW YORK, Feb. 6, 2025 /PRNewswire/ — Personetics, the company transforming how banks build and monetize customer relationships, announced a series of new features for its AI-powered flagship product, Personetics Engage. These enhancements enable financial institutions to create personalized digital experiences that empower customers to become smarter about their money and more motivated to take action. They also reflect Personetics’ deep understanding of how banks can better serve their customers by dynamically responding to their evolving financial needs.

Personetics’ New Features Give Banks More Ways to Monetize Customer Wellness
Personetics’ New Features Give Banks More Ways to Monetize Customer Wellness

The release introduces capabilities that expand banks’ ability to create, control, and customize digital banking experiences that redefine how banks interact with their customers. Key features include:

  • Activity Tracker that offers customers an interactive overview of their spending, income, and cash flow for up to 12 months. This enhanced visibility helps customers easily track and manage their financial activity across accounts from a single place.  
  • Financial Recap helps customers stay on top of their finances at a glance with an Instagram-like summary of their spending over the past seven days. It features top merchants and categories and provides a seven-day outlook of their forecasted balance and projected activities. Rather than just listing transactions, this feature contextualizes information by emphasizing important spending trends and potential areas of concern, including personalized calls to action that banks can customize.
  • Bank and User Categorization Control enables banks to influence transaction categorization mapping for improved accuracy. Banks can review, recategorize, rename, and even create their own unique categories to align with their evolving business and local needs. In addition, end-customer recategorization and editing options provide an additional feedback loop that ensures a more personalized and accurate display of their transactions, recurring activities, and forecasted balance.
  • Custom User Journeys introduce a new level of interactive engagement between banks and their customers. Banks can now create targeted, dynamic flows that gather customer preferences and adapt in real time. These flows deliver personalized financial guidance and product recommendations based on direct customer input, with customizable and interactive insights, questionnaires, and teasers.

The Personetics approach enables financial institutions to independently create and modify insights through an intuitive management console—a feature that competitive solutions often lack without substantial vendor involvement.

“Financial institutions today need solutions that go beyond basic personalization and static insights,” said Ron Agam, Chief Product Officer at Personetics. “These new capabilities advance our mission of providing banks with a platform that dynamically responds to their customers’ changing financial needs, making them smarter about their money and motivated to act.”

These latest innovations reinforce Personetics’ commitment to shaping the future of digital banking—one where financial institutions don’t just serve customers but actively empower them. Using AI, Personetics transforms how banks build and monetize customer relationships, turning everyday banking into a more personalized, data-driven experience. By doing so, banks foster deeper engagement, drive meaningful action, and ultimately enhance their customers’ financial well-being.

About Personetics

Personetics is the global leader in transforming how banks build and monetize customer relationships by enabling them to dynamically respond to consumers’ evolving financial needs with contextual and highly relevant insights, making them smarter about their money and eager to act. The AI-powered SaaS platform allows financial institutions to boost customer engagement and satisfaction, resulting in increased digital adoption and sales conversions. Personetics supports 150 million customers across 35 global markets and serves leading financial institutions. The company has offices in New York, London, Singapore, São Paulo, and Tel Aviv. For more information, visit https://personetics.com.

Media contact:

Ellery Smith
personetics@fullyvested.com

 

Goeroptics Debuts Innovative AR Etching Waveguide and DLP 3D Printing Light Engine Module

SAN FRANCISCO, Feb. 6, 2025 /PRNewswire/ — Goertek Optics Technology Co. (“Goeroptics”), a subsidiary of Goertek, has unveiled its latest full-color augmented reality (AR) etching waveguide module, Star G-E1, and its proprietary DLP (Digital Light Processing) 3D printing light engine at the SPIE (International Society for Optics and Photonics) AR | VR | MR 2025 and TCT Japan, highlighting the company’s continuous advancements and expansions in the optics sector.

The Star G-E1 module, featuring high-refractive-index materials and etching surface relief grating technology, delivers unparalleled display performance. It boasts high uniformity, high brightness, and low stray light, ensuring crystal-clear visuals even in bright environments. This innovation overcomes the limitations of traditional nanoimprint techniques in high-refractive-index material applications, offering a wider range of refractive index options and enhanced UV resistance. By optimizing the grating material and structure, the Star G-E1 achieves a peak brightness of 5,000 nits, with brightness uniformity exceeding 45% and color difference less than 0.02. The improvements represent a 50% and 100% enhancement, respectively, over similar technical solutions. This significantly reduces image color deviation and elevates color performance, resulting in vibrant, clear, and impurity-free images. Furthermore, the Star G-E1 features a sleek, single-layer optical waveguide that is just 0.7 millimeters thick. It incorporates an industry-leading micro-LED display solution, with the light engine volume under 0.5 cubic centimeters. The compact design delivers exceptional optical display performance, paving the way for lightweight AR glasses that provide a delicate, realistic, and natural viewing experience.

With the continued evolution of the 3D printing industry and the increasing demand for high-precision printing, optical modules in 3D printing equipment are facing more stringent performance requirements. Precise light field control is critical for 3D printing light engines to reduce errors and improve the quality and consistency of printed products. At TCT Japan, Goeroptics introduced a state-of-the-art DLP-based 3D printing light engine that raises the bar. Supporting high resolutions of 4K and 1080P, the module significantly improves printing accuracy. The 3W high output power shortens the curing time for each layer of material, accelerating printing speed. The contrast ratio exceeds 1000:1, effectively minimizing print residue. In addition, the light engine boasts 90% uniformity, ensuring that printed product details are sharp and features are intact. Distortion control is maintained within 0.1%, ensuring the shape and size of printed products are accurate. The light engine also features an all-glass lens and all-metal structural design, coupled with robust thermal management, ensuring stability and durability during prolonged operation, and extending the life of the device.

In addition to its 3D printing offerings, Goeroptics showcased its innovative 3D scanning light engines and laser modules for precise 3D profiler measurements. The 3D scanning light engine leverages DLP technology to rapidly display various high-resolution structured light patterns, capturing intricate surface details and enhancing 3D model accuracy for a wide range of applications. The laser module, utilizing line laser technology, precisely scans object surfaces to measure their 3D contours. With a Gaussian degree of over 90%, uniform scanning lines, and high accuracy, it is perfectly suited for inspection tasks in the 3C electronics, lithium battery, and PCB segments. Since 2017, Goeroptics has been developing DLP projection light engines, providing end-to-end solutions from optical design to assembly. The company continues to expand its research and manufacturing capabilities in micro-nano optical components and laser modules. Looking ahead, Goeroptics remains committed to pushing the boundaries of precision optics, offering high-performance, cost-effective solutions to clients worldwide.

Cellid Raises $13 Million to Advance AR Glasses Display Development

Advancing Adoption through Enhanced Mass Production and Accelerated Product Launches

TOKYO, Feb. 6, 2025 /PRNewswire/ — Cellid Inc., a developer of AR glasses displays and spatial recognition engines for next-generation devices, today announced that it has raised a total of USD 13 million (JPY 2 billion) through a private placement with Development Bank of Japan Inc. as the lead investor, and through a third-party allotment of new shares to funds managed or involved in the management of More Management Co., Ltd.; CVC fund jointly established by Kyocera Corporation and Global Brain Corporation; 15th Rock, Inc.; and FFG Venture Business Partners Co., Ltd. This latest financing brings Cellid’s total funding raised to date to approximately USD 33 million (JPY 5.2 billion).


Cellid’s core business is the development of displays for AR glasses and spatial recognition engines. In particular, Cellid boasts the industry’s most advanced technology in the development and design of the world’s largest, widest field of view and lightest weight waveguide, and has succeeded in developing the first full-color projection technology using plastic materials.

Last November, Cellid announced the release of “Reference Design” (verification model) -eyeglass-type AR glasses that employs the optical see-through waveguide display method. By adopting our original waveguide, we succeeded in creating a design that is no different from that of ordinary glasses and lightweight (approx. 58g), and compared to conventional head-mounted display-type glasses, the new glasses reduce eye fatigue even after long hours of daily use.

This financing will enable Cellid to strengthen the lineup of products and reference designs that are key components of AR glasses, such as micro projectors and waveguides, and promote the development of business areas that make use of reference designs. Cellid will also accelerate the market launch of their products by strengthening their mass production system.

Underwriters

  • Development Bank of Japan Inc.
  • More Management Co., Ltd.
  • KVIF-I Limited Partnership(Limited partner: Kyocera Corporation; General partner: Global Brain Corporation)
  • 15th Rock, Inc. 
  • FFG Venture Business Partners Co., Ltd

Cellid CEO Satoshi Shiraga comments:

“We are honored that the Development Bank of Japan Inc. and other financial investors and partners have recognized Cellid’s business, which is centered on the development of displays for AR glasses and spatial recognition engines, as well as our growth potential. As AR glasses are increasingly attracting attention as a more accessible next-generation device, we are pursuing their evolution through the development of key components for AR glasses, such as waveguides and micro projectors. With this financing, we aim to accelerate the market launch of our products and contribute to the further adoption of AR glasses by acquiring top talent in Japan and abroad, while strengthening our technological development capabilities and expanding our mass production system.”

Investor Comments

Akira Nagai, Senior Vice President, Growth & Cross Border Investment Department, Development Bank of Japan Inc.

“AR glasses have been in the limelight in recent years as next-generation wearable devices, but innovation in lenses, a key component, is essential for their full-scale diffusion. In this context, we are highly impressed with Cellid’s world-class technology for waveguide lenses and the fact that it has established a supply chain through close collaboration with Japanese optical materials and semiconductor processing companies, which are highly competitive worldwide. DBJ feels that Cellid has the potential to become the de facto standard for waveguides and will do its utmost to support Cellid’s growth strategy in the future.”

Akihiro Matsuyama, Representative Director, More Management Co., Ltd. 

“We are pleased to announce that we have executed a follow-on investment in Cellid from our fund, whose lead investor is AXA Life Insurance Co. Ltd. We highly valued their advanced technologies related to AR and decided to invest for them to commercialize their products with global companies. We expect that their products will bring people’s relationship with computers closer and bring innovation to their lives. As a shareholder, we will actively support them.”

Shouichi Nakagawa, Executive Officer, Senior General Manager, Corporate R&D Group, Kyocera Corporation

“We are very pleased that KVIF-I has invested in Cellid. We are committed to cutting-edge research and development to fulfill our corporate Management Rationale, ‘contribute to the advancement of society and humankind’. AR and other XR technologies are building a new relationship between humans and computers. Glass waveguides and spatial recognition engines developed by Cellid are essential in our search for the next generation of key devices. We are committed to supporting Cellid as they take on the challenge of using their advanced technology to contribute to the advancement of society and humankind.”

Tetsu Nakajima, Founder/General Partner, 15th Rock, Inc.

“The AR glasses market continues to expand, with large companies expected to enter the market. Cellid, with its innovative manufacturing technology and knowledge, has huge potential for growth. 15th Rock, with a core focus on supporting innovations in Human Augmentation, will fully support Cellid’s mission by making the most of the knowledge and network it has cultivated to date.”

Miruto Ōhara, Investment Manager, Investment Department, FFG Venture Business Partners

“We are very pleased to invest in Cellid, a leading Japanese developer of AR glasses devices, which are rapidly gaining attention around the world, especially among big tech companies, as the next-generation device following smartphones. CEO Satoshi Shiraga and his management team have great potential to develop cutting-edge Japanese technology on a global scale. It is very exciting to imagine a near future in which Cellid’s products will be available in the market and in the hands of many people around the world. The entire Fukuoka Financial Group (FFG) is committed to supporting Cellid’s further growth and address of challenges.”

About Cellid
Cellid specializes in the development of advanced AR glass display modules, focusing on waveguides and spatial recognition engines for next-generation devices. Leveraging unique optical simulation and proprietary production technologies, Cellid has developed display modules as thin and lightweight as standard eyeglass lenses, delivering clear images and one of the world’s largest fields of view for waveguides. Additionally, Cellid offers industry-specific solutions powered by spatial recognition technologies such as Cellid SLAM. By integrating cutting-edge AR display hardware with real-world spatial recognition software, Cellid is driving the “Blending of Physical and Digital World,” making exceptional information tools more accessible, practical, and convenient for users worldwide

Media Inquiries: 

Michael Kornspan
michael.kornspan@strategicpr.biz