Summary by Futu AI
reAlpha Tech Corp. announced on September 30, 2024, that its research and development initiative, reAlpha AI Labs, has made its first investment in Xmore AI, a cybersecurity solutions provider. Xmore AI, co-founded by Dr. Benjamin Yan and Adrian Self, is developing software to consolidate multiple cybersecurity tools into a single AI-driven platform for enterprise security.The investment aims to enhance the cybersecurity capabilities of reAlpha's AI-powered homebuying platform while providing Xmore AI with funds to continue developing its enterprise cybersecurity solutions. The partnership aligns with reAlpha AI Labs' mission to accelerate AI technology development and innovation in the real estate industry.Launched earlier this year, reAlpha AI Labs supports innovative AI startups through funding, technical resources, and strategic partnerships. The collaboration with Xmore AI positions reAlpha to address the growing $22B+ global market for AI cybersecurity solutions while strengthening security across its recently acquired portfolio companies, including Naamche, Hyperfast, Be My Neighbor, and AiChat.
