Technology

Brinc and XDC Network Announce New Web3 Accelerator: LAUNCH

Published

2 years ago

July 15, 2024

Up to US$100,000 Investment: Participating startups receive financial support in XDC tokens.Comprehensive Support: Includes advisory, mentorship, workshops, technical support, and exclusive access to industry experts and investors from Brinc and XDC’s networks.Global Reach: Open to builders around the world with Brinc’s virtual program delivery.

HONG KONG, July 15, 2024 /PRNewswire/ — Brinc, a global leader in venture acceleration and corporate innovation, has announced a new strategic partnership with XDC Network, an enterprise-grade Layer-1 EVM-compatible blockchain. Together, they are running the Launch Program, a 12-week Web3 accelerator designed to onboard the next wave of quality builders and projects onto the XDC Network.

The XDC Network is renowned for its speed (<2 sec finality time), affordability (Gas fees near 0), scalability (2000+ TPS), and its enterprise-grade security, making it an optimal platform for launching projects and deploying tokens. The program is exclusively open for Web3 projects who are integrated to XDC and aim to launch a token on the XDC Network by the end of this year.

Shortlisted projects in the Brinc & XDC Launch Program will benefit from this robust blockchain infrastructure, receiving up to US$100,000 in XDC tokens to facilitate their product and token launch.

Upon successful integration into the XDC Network, participants will qualify for support for Investor Days or Demo Days, technical support from the XDC ecosystem, connections with major crypto exchanges for token listing, CoinMarketCap express listing support, and funding support from XDC Network’s venture arm, subject to investment from other co-investors.

The program focuses significantly on making teams investor-ready, ensuring founders are confident in their product positioning and equipped to pitch effectively to investors during the course of the program, and eventually, the demo day. Participants will benefit from curated introductions to Brinc and XDC’s extensive investor network, aimed at converting pitches into investments. Additionally, Brinc will assist with essential documentation, including refining pitch decks, token structuring cap tables, organizing data rooms, introduction to potential investors and organizing demo days upon completion of the program.

This program is an exclusive avenue for teams to access the combined resources and technical support from XDC, alongside Brinc’s advisory support, mentorship, curated workshops, and extensive network of investors and strategic partners. This comprehensive support positions the program as the go-to solution for teams looking to accelerate growth, secure fundraising, and successfully launch a token on the XDC Network.

Since its inception in 2021, Brinc has run four web3 vertical-agnostic accelerator programs. This experience allows Brinc to understand the diverse needs and complexities across different market segments, from DeFi to Gaming. With a curated set of mentors and experts, Brinc addresses the varied needs of founders, ensuring they have the resources to fundraise and scale effectively.

The Brinc x XDC Launch Program features an esteemed network of industry leaders as mentors, bringing a wealth of experience and expertise, providing invaluable guidance and support to participating startups. The program is further bolstered by a network of ecosystem partners, such as Arcanum Ventures, Be(in) Crypto, ChainGPT Pad, CoinTelegraph Accelerator, DMCC, Esquare Legal, Financial Data Science, Kairon Labs, Magic Square, Mamoru, Netfork, Protocol Labs, The Sandbox, Zilliqa, and Zokyo, offering additional resources and opportunities.

For more information about the Brinc x XDC Launch Program, please visit Brinc’s website or XDC Network.

About Brinc
Brinc is a leader in global venture acceleration and operates 15+ multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on climate tech, CDR, food technology, blockchain technology, artificial intelligence, web3, connected hardware, robotics, and the Internet of Things (IoT) with a view to creating a more sustainable, equitable, and inclusive future. Brinc recently announced plans to raise a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities.

Brinc also supports corporations with distributed innovation strategies, sourcing of new startups and technologies, and venture capital as a service. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore), fast-growing companies (Animoca Brands, The Sandbox), and leading venture funds (Artesian, LeverVC, Tamkeen, EDB, Hatcher+) have all run programs with Brinc. Learn more: www.brinc.io

About XDC
The XDC Network, founded in 2017, is a community-driven platform designed for trade finance and payments. It is powered by dedicated developers, early adopters, and passionate advocates. The open-source platform offers a smart contract ecosystem for seamless global trade operations. With community-driven ethics, an optimized platform, and a commitment to global GDP growth, the XDC Network aims for a decentralized and inclusive blockchain future.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/brinc-and-xdc-network-announce-new-web3-accelerator-launch-302195687.html

SOURCE Brinc

Technology

Datavault AI Founder Nathaniel Bradley Sues Board

Published

1 hour ago

November 7, 2026

WILMINGTON, Del., Nov. 6, 2026 /PRNewswire/ — Lawsuit Alleges Chairman and CFO Brett Moyer Engineered a Weekend Lockout While Keeping a $90–$100 Million Financing Offer From Independent Directors

Datavault AI Founder Nathaniel Bradley Sues Board

Nathaniel Bradley, the founder whose technology became Nasdaq-listed Datavault AI Inc. (NASDAQ: DVLT), today filed a lawsuit in the Delaware Court of Chancery asking the court to declare his contested ouster as CEO void and restore him to office. The complaint alleges that Board Chairman and CFO Brett Moyer “suspended” Bradley without a Board vote, cut off his email, and then rushed through a defective Sunday meeting, all while a $90–$100 million financing lifeline sat on the table.

On October 30, two days after Bradley asked the Board to consider removing Moyer as CFO, Moyer “suspended” Bradley on his own perceived authority. According to the complaint, no Board meeting was held and no written consent was circulated. This was done despite Datavault’s own Bylaws, which give only the full Board the power to remove officers.

The lawsuit further alleges that Moyer and certain unnamed directors shut Bradley out one day after he brought the company a $90–$100 million funding offer that could have substantially improved its financial position. Rather than present the offer, Moyer “suppressed, withheld and concealed” it from the company’s independent directors.

Last night, Bradley released the following statement:

“While I remain confident in Datavault AI’s technology, product offerings, and patent-protected innovations, I strongly dispute the legal validity of the Board’s decision to remove me as President and Chief Executive Officer.

“During my tenure, we increased revenue by more than 1,300% in my first year, alongside record trading volumes, and built the foundation for continued growth. We assembled a portfolio of more than

100 patents and pending applications, including newly issued U.S. patents in data valuation, tokenization, and wireless audio. We launched the Information Data Exchange, NIL Vault, and American Political Exchange, and signed licensing and tokenization agreements that bring real-world assets, from carbon credits to gold, copper, and geothermal energy, onto our platforms. We also completed strategic acquisitions, including API Media Innovations, that expanded our reach into digital twins, sports, and live events. We broadened our strategic partnership network, including with IBM,

ServiceNow, and the Department of Energy, and recruited industry-leading talent to the Datavault cause.

“Innovators are often targeted, and I intend to protect my rights and the interests of the Company and its shareholders. I believe the Board’s action jeopardizes the Company’s ability to realize its full potential.”

Jacob Frenkel, Bradley’s lead counsel and a former SEC enforcement lawyer and federal prosecutor, said:

“The company’s groundbreaking and cutting-edge technologies are a function of Mr. Bradley’s brilliance and vision. As a corporate leader, Mr. Bradley has a long-standing commitment to best practices in corporate governance.”

Mr. Bradley puts his investors first. When you’re out building and innovating and those you think you can trust decide to stage a corporate coup, the only place for relief is in court. Mr. Bradley will continue to fight for the shareholders and against those who put their own interests ahead of the company’s stakeholders.”

Read the full complaint here.

About Nathaniel Bradley:

Nathaniel Bradley is an inventor and technology executive who holds more than 70 patents. He founded and invented AudioEye, founded Intellectual Property Network Inc., and served as CTO of Marathon Patent Group (now Marathon Digital Holdings). In 2021, he founded Data Vault Holdings, whose assets were acquired in December 2024 by WiSA Technologies, the company that became Datavault AI. As CEO, he led the company through partnerships with IBM, Dolby Laboratories, and NYIAX, as well as the acquisition of CompuSystems assets.

View original content:https://www.prnewswire.com/news-releases/datavault-ai-founder-nathaniel-bradley-sues-board-302932495.html

SOURCE Datavault AI Inc

Technology

County of Sussex, New Jersey Notice of Data Privacy Incident

Published

1 hour ago

November 7, 2026

NEWTON, N.J., Nov. 6, 2026 /PRNewswire/ — Sussex County Prosecutor’s Office (SCPO) experienced a data privacy event that involved personal information.

On or about August 10, 2026, SCPO received alerts of a disruption to its computer network. Upon this identification, it launched an immediate investigation and engaged outside cybersecurity specialists to assist. The investigation determined that someone accessed its network without authorization between July 15, 2026, and July 22, 2026, and that certain files containing personal information were accessed and may have been taken. That information includes people’s first and last name, Social Security number, and driver’s license or State-issued identification card number. The SCPO has reported the incident to state and federal law enforcement, the New Jersey Cybersecurity and Communications Integration Cell (NJCCIC), and the Office of Attorney General. For more information on this incident, people may contact the call center at (888) 269-1448, Monday through Friday, 9:00 a.m. to 9:00 p.m. EST for further assistance.

Lauren Stinger, Esq.
Lauren.stinger@kennedyslaw.com
Associate Counsel

View original content:https://www.prnewswire.com/news-releases/county-of-sussex-new-jersey-notice-of-data-privacy-incident-302932369.html

SOURCE Kennedys CMK LLP

Technology

Light AI Announces Resignation of Director and Officer

Published

2 hours ago

November 7, 2026

VANCOUVER, BC, Nov. 6, 2026 /CNW/ — Light AI Inc. (“Light AI” or the “Company”) (CBOE CA: ALGO (FSE: OHC) (OTCQB: OHCFF), announces that Peter Whitehead has resigned as a director and the Chief Innovation Officer of the Company to pursue other opportunities. The Company would like to thank Mr. Whitehead for his contributions to the Company.

About Light AI Inc. (CBOE CA: ALGO / FSE: OHC / OTCQB: OHCFF)

Light AI Inc. is a healthcare technology company focused on developing artificial intelligence-powered SaMD solutions designed to support rapid, accessible clinical assessment at the point of care. The Company’s core technology, Light AI QuickScan™, is a device-agnostic software platform that applies proprietary artificial intelligence and machine learning algorithms to medical images. The QuickScan™ platform is designed to operate across compatible imaging and computing hardware, providing flexibility for integration into a range of healthcare devices, clinical workflows and care settings without dependence on a single proprietary hardware platform.

ON BEHALF OF THE COMPANY

“John R. Luna”
Chief Executive Officer

For more information, please contact the Company at investors@light.ai or visit https://light.ai/.

Website: https://light.ai/
LinkedIn: LinkedIn/company/Light AI
X (Formerly Twitter): @lightaihealth

SOURCE Light AI Inc.