Circadian Risk develops software that gives security professionals the power to proactively reduce potential risks to individuals and assets. Their industry-leading vulnerability assessment tools provide a complete detailed analysis, as well as corrective actions for every issue that may arise.
The investment by AITX in Circadian Risk is via a SAFE. A SAFE (Simple Agreement for Future Equity) is an instrument that many startups use to raise capital. The SAFE is a legally binding agreement that allows the investor to buy a specific number of shares for an agreed-upon price at some point in the future.
“We are embarking on our first investment into what should be a mutually beneficial relationship,” said
“The even closer relationship that is developing between Circadian Risk and AITX will help reshape and disrupt the conventional approach that exists to security and risk analysis” said
“At this time, there are no formal agreements between our two companies,” Reinharz added. “There is certainly the intent to strengthen the relationship with specific projects that may develop in the future.”
Martin added, “Together with the team at AITX, we hope to create new solutions for corporate security, schools, universities, and public institutions that are weary of the ‘pay more / get less’ approach to problems. The time is now to adapt, change, and embrace where the future of physical security and risk analysis is going.”
"RAD is fundamentally a software company that has developed specialized AI-powered hardware to run its software," said
AITX and its three subsidiaries collectively have 85 employees spread across 7 departments, sales, marketing, hardware development, software development, production, client services, and administration.
AITX through its subsidiary, Robotic Assistance Devices, Inc. (RAD), is redefining the
RAD has a prospective sales pipeline of over 35 Fortune 500 companies and numerous other client opportunities. RAD expects to continue to attract new business as it converts its existing sales opportunities into deployed clients generating a recurring revenue stream. Each Fortune 500 client has the potential of making numerous reorders over time.
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The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of
About
AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, www.stevereinharz.com, www.radsecurity.com, www.radgroup.ai, and www.radlightmyway.com, or follow
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Artificial Intelligence Technology Solutions, Inc.
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Artificial Intelligence Technology Solutions, Inc.
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AITX and wholly owned subsidiary Robotic Assistance Devices (RAD) has made a SAFE investment in Circadian Risk, a leading developer of risk assessment software.
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