Equitus.ai, a pioneering company in AI and data intelligence, is seeking $10 million in funding to retire debt, cover general and administrative expenses, and further develop its innovative software products. The company's two main products, KGNN (Knowledge Graph Neural Network) and EVS (Equitus Video Sentinel), are at the forefront of AI technology and have garnered significant interest from both government and commercial sectors.
KGNN is the world's first Knowledge Graph Neural Network platform, designed to revolutionize data unification and analysis13. It offers:
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Automated data integration and structuring
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Advanced semantic reasoning
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Real-time learning and inference capabilities
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Flexible deployment options (on-premise or cloud)
EVS is an AI-driven video analytics platform that transforms video data into actionable intelligence4. Key features include:
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Real-time object detection and classification
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Advanced pattern recognition and anomaly detection
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Seamless integration with existing security infrastructure
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EVS is being used as a subcontracted service with IBM on the U.S. Customs and Border Protection (CBP) Southern Border project.
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EVS is being proposed for an RFP for AI Stations from AMTRAK.
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Military consulting and departments such as Lockheed Martin and Leidos are in partnership discussions for KGNN-based AI Information Systems Improvements.
The primary revenue stream is expected to come from a "white label" partnership with IBM56. This partnership aims to:
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Connect legacy X86 systems to IBM Power10 servers for IBM cloud and consulting clients.
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Implement AI programs for enterprise banking, insurance, and healthcare companies using KGNN.
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Systems Integration: Seamlessly integrate diverse data sources and systems.
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Data Quality: Enhance data accuracy, completeness, and consistency.
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AI Challenges: Address and overcome common AI implementation hurdles.
The $10 million funding will be used for:
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Debt retirement
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General and administrative expenses
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Further development of KGNN and EVS software products
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Unique Technology: KGNN is the first of its kind, offering unparalleled data unification and analysis capabilities3.
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Edge Computing Efficiency: Both KGNN and EVS can operate efficiently at the edge without requiring GPUs, thanks to IBM Power10's Matrix Math Accelerator58.
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Proven Track Record: Equitus AI has a history of solving complex problems for the Army, Special Operations Command (SOCOM), and the Department of Defense (DoD)7.
The partnership with IBM opens up significant opportunities in enterprise banking, insurance, and healthcare sectors. These industries face challenges with legacy systems, data silos, and the need for advanced AI capabilities, which Equitus.ai's solutions are uniquely positioned to address.
Conclusion
Equitus.ai's innovative products, strong partnerships, and market positioning make it an attractive investment opportunity. The $10 million funding will enable the company to capitalize on its technological advantages and expand its market presence, particularly through the strategic partnership with IBM.
Citations:
- https://equitus.ai
- https://www.youtube.com/watch?v=AU13mnPe1VE
- https://www.youtube.com/watch?v=INJlXJwnKXI
- https://www.linkedin.com/posts/equitus_ai-videoanalytics-surveillance-activity-7275211256205066240-3GI1
- https://nas01.tallpaul.net/wordpress/2024/10/equitus-ai/
- https://www.linkedin.com/posts/equitus_kgnn-equitus-ibm-activity-7293631863762354176-zn8S
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- https://www.linkedin.com/posts/equitus_new-ibm-power-server-extends-ai-workloads-activity-7196221341862166528-gkgT
- https://www.ncsi.com/event/uscentcom/equitus/
- https://www.prnewswire.com/news-releases/aiceberg-secures-10-million-in-seed-funding-to-transform-ai-from-a-business-risk-to-a-competitive-advantage-302393452.html
- https://www.linkedin.com/in/markwrigney
- https://newsroom.ibm.com/Blog-New-IBM-Power-server-extends-AI-workloads-from-core-to-cloud-to-edge-for-added-business-value-across-industries
- https://www.cbinsights.com/company/equitus
- https://equitus.ai/kgnn-knowledge-graph-neural-network/
- https://newsroom.ibm.com/blog-IBM-is-equipping-the-next-generation-of-student-developers-across-universities-with-AI-skills
- https://in.newsroom.ibm.com/2023-05-26-Equitas-IBM-collaboration
- https://www.prnewswire.com/news-releases/coeptis-completes-10-million-series-a-preferred-financing-round-reinforcing-commitment-to-technological-innovation-and-ai-integration-302369957.html
- https://hyperwriteai.com/aitools/proposal-generator
- https://www.linkedin.com/posts/dominiqueanderson_knowledgeassembly-dataenrichment-agileprocesses-activity-7212210751766175744-HyXl
- https://www.fintechfutures.com/2018/09/virtual-money-assistant-cleo-really-gets-10m-funding/
- https://www.youtube.com/watch?v=Ik3-xsD0BQI
- https://equitus.ai/coven-2/
- https://equitus.ai/2024/05/equitus-ai-shines-at-sof-week-2024-empowering-defense-and-commercial-organizations-with-advanced-ai-solutions/
- https://www.youtube.com/watch?v=qaegg1B5JQ4
- https://www.business-standard.com/companies/news/equitas-sfb-collaborates-with-ibm-to-build-digital-banking-platform-123052700521_1.html
- https://esgnews.com/ibm-and-undp-launch-new-tools-to-forecast-energy-access-and-model-energy-equity/
- https://www.equinix.com/newsroom/press-releases/2019/06/equinix-expands-collaboration-with-ibm-cloud
- https://www.healthit.gov/sites/default/files/facas/2022-03-10-Irene_Dankwa-Mullan_Presentation_1.pdf
- https://www.channelfutures.com/cloud/equinix-ibm-expand-hybrid-cloud-deployment-partnership
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