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HOVR Crowdfunding Campaign Surpasses $250,000 Milestone, Empowering Drivers to Become Equity Investors

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HOVR, with it’s innovative driver-centric approach to the ride-share industry, surpasses over 31% of it’s capital raise goal, during it’s first 8-weeks of running Crowdfunding Campaign with FrontFundr, Canada’s leading crowdfunding organization. HOVR’s business model provides 100% of the rider fare to the driver, and focuses on the creation of more equitable and fair compensation practices and standards among the ride-share industry. Read more to find out why HOVR is changing the game in ride-share and why the time is now to Invest in HOVR!

TORONTO, Nov. 4, 2024 /PRNewswire-PRWeb/ — HOVR, a dynamic and innovative player in the ride-share industry, is thrilled to announce that its crowdfunding campaign has surpassed a major milestone, raising 31% of its goal surpassing $250,000 in the first 8-weeks of launching the campaign, from a diverse group of investors. This exciting milestone includes a significant number of HOVR drivers, who have taken the opportunity to invest and gain equity in the company, marking a new era of shared ownership and community-driven growth for a privately held business.

“We are overwhelmed with the incredible support we’ve received from our community, especially from the drivers who are the backbone of HOVR,” said Harrison Amit, CEO of HOVR.

“We are overwhelmed with the incredible support we’ve received from our community, especially from the drivers who are the backbone of HOVR,” said Harrison Amit, CEO of HOVR. “We set out to create a ride-share company that goes beyond the traditional business model, empowering drivers not just as contractors, but as members of the organization. Reaching this $250,000 milestone is a testament to the true power of making an investment available and affordable to those who share the same vision of a more equitable industry, especially with those who are literally driving it forward.”

HOVR has enabled drivers to invest in the company, as a response to requests for participation in the evolution and growth of HOVR. This early equity opportunity is designed to align the goals of HOVR with its driver community, ensuring that drivers have a voice in the business as they work with us to grow every day.

“We are committed to creating a future where drivers are not just participants but real contributors to HOVR’s vision,” said Muna Abdi, COO of HOVR. “This campaign is a significant step toward building an inclusive and driver-focused ecosystem.”

The funds raised will fuel HOVR’s ongoing growth, supporting the development of a dedicated driver hub near Toronto Pearson International Airport, advancing app features, expanding marketing and customer support, as well as the implementation of HOVR in other Canadian cities. These improvements aim to provide drivers with more predictable income, elevate the rider experience, and foster a sense of community that reflects HOVR’s core mission.

Invest in the Future of Fair Ride-share.

Seize this exclusive opportunity to invest early in HOVR, a revolutionary ridesharing company poised for rapid global expansion, setting new standards of fairness and community in the industry. Whether you’re a Canadian resident—accredited or not—looking to invest directly alongside our dedicated drivers through our Equity Crowdfund, or an accredited investor anywhere in the world seeking a unique investment, now is the time to act. Connect with our investor relations team at sanjay.makkar@ridehovr.com to explore this groundbreaking opportunity, and learn more at www.frontfundr.com/hovr. Don’t miss your chance to make a meaningful impact—join us today and help drive the future of how people “HOVR”.

ABOUT HOVR

HOVR is revolutionizing the ride-share industry by creating a platform that prioritizes drivers’ livelihoods with 100% of the fare going to them, in a transparent eco-system that clearly shows complete details of the transaction to all parties, with the goal of improving customer satisfaction within the ride-share industry. With a commitment to innovation, membership benefits, driver safety, and a community-first approach, HOVR aims to provide a better ride-share experience for both drivers and riders. By offering early investment opportunities and focusing on sustainable growth, HOVR is shaping the future of transportation. For more information, visit www.ridehovr.com. To learn more and to join the crowdfunding campaign, visit www.frontfundr.com/hovr

Media Contact

Jack-Malcolm Samedi, Jack The Publicist Group- PR Agent for HOVR, 1 (647) 614- 9726, jack-malcolm@jackthepublicist.com, https://www.jackthepublicist.com

Sanjay Makkar, HOVR- Investor Contact, 1 (416) 725-6825, sanjay.makkar@ridehovr.com, https://www.ridehovr.com

View original content to download multimedia:https://www.prweb.com/releases/hovr-crowdfunding-campaign-surpasses-250-000-milestone-empowering-drivers-to-become-equity-investors-302295101.html

SOURCE HOVR

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commercetools Named a Leader in 2026 Gartner® Magic Quadrant™ for Digital Commerce as AI Reshapes the Market

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commercetools is a Leader in the 2026 Gartner® Magic Quadrant™ for Digital Commerce for the seventh consecutive year.commercetools has been driving AI innovation on how enterprises build, operate and sell, including capabilities like Sphere, Commerce MCP and commercetools for Builders.commercetools is helping global enterprises modernize complex commerce operations and prepare for a future where both people and AI agents discover, shop and transact.

BOSTON, Oct. 22, 2026 /PRNewswire/ — commercetools, the digital commerce AI company, today announced it has been positioned as a Leader in the 2026 Gartner® Magic Quadrant™ for Digital Commerce. This marks the seventh consecutive year commercetools has been recognized as a Leader in the report.

As AI reshapes commerce, commercetools is expanding how it supports the enterprises who build and operate commerce experiences, and the shoppers who use them. Global enterprises including JD Sports, Nederlandse Spoorwegen, Chemist Warehouse and Mirion Technologies are using commercetools to modernize complex digital commerce, accelerate growth and adopt new AI-powered ways of operating and selling.

“Commerce is moving from systems that simply respond to human instructions toward systems that can increasingly understand, decide and act,” said Doug McNary, Chief Executive Officer at commercetools. “We’re proud to be named a Leader for the seventh consecutive year. Enterprises shouldn’t have to choose between the flexibility they need today and the autonomy they’ll need tomorrow. Our focus is giving them the technology to support both.”

Over the past year, commercetools has introduced new products and capabilities designed to bring AI across the commerce lifecycle:

Sphere: Brings together commercetools’ AI-native infrastructure and agent governance through Commerce MCP into a unified platform for enterprises to build, operate and sell with AI.commercetools for Builders: Helps anyone build, extend and evolve enterprise commerce faster with AI.AgentSphere: Lets enterprises build and manage AI agents to run commerce operations and agentic shopping, with appropriate guardrails to do so safely and at scale.Modular commerce offerings: Gives enterprises the flexibility to start with the capabilities they need and expand over time, accelerating time to value without requiring a full commerce transformation upfront.Commerce Integration Layer: Centralizes integration logic behind customer-facing experiences. Storefronts, mobile apps and AI agents connect through a unified layer hosted and maintained by commercetools.Smart Data Modeler: Uses AI to accelerate product data modeling, helping teams build the right foundation faster and reduce time-to-launch.

commercetools’ customers include large enterprises across retail, manufacturing, life sciences, healthcare and telecommunications in markets around the world.

To learn more about commercetools’ position as a Leader, download your complimentary copy of the 2026 Gartner Magic Quadrant report today.

About the Gartner Magic Quadrant for Digital Commerce

Gartner, Magic Quadrant for Digital Commerce Platforms, Aditya Vasudevan, Penny Gillespie, Sandy Shen, Jason Daigler, Mike Lowndes, 19 October 2026

Gartner and Magic Quadrant are trademarks of Gartner, Inc., and/or its affiliates.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

About commercetools

commercetools, the global digital commerce AI company, helps enterprises transform commerce for the AI era. Built API-native from the start and AI-first by design, our technology enables agentic shopping experiences, automates commerce operations and gives businesses the agility to modernize faster, innovate continuously and operate more intelligently.

More than 500 global brands, retailers and enterprise companies rely on commercetools to power their digital commerce. Together, they process more than $100 billion in annualized GMV, over 700 million orders and more than one billion customer records on our platform.

Media Contact: comms@commercetools.com 

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Phylo’s Biomni Lab to expand the use of AI agents in scientific research at Bayer

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SOUTH SAN FRANCISCO, Calif., Oct. 22, 2026 /PRNewswire/ — Phylo, Inc. announced today a partnership with Bayer to deploy Biomni Lab, Phylo’s agentic AI platform to accelerate scientific research and evaluation. 

Under the agreement, Phylo will provide Bayer with full access to its agentic platform that helps Bayer scientists bring together scientific literature, biomedical data, and analytical methods in one environment, reducing the manual effort required to assemble and assess evidence. The platform’s inspectable workflows preserve the context behind each result, allowing researchers to review the underlying sources, methods, and execution and apply their own scientific judgment. Bayer scientists will gain access to Biomni Lab for workflows focused on assembling literature and omics evidence for drug discovery.

“This partnership reflects our belief that AI should expand scientific curiosity, not just speed up routine work. Giving our scientists an AI partner that brings rigor to every step lets them explore more ideas, ask bolder questions, and find the insights that move drug discovery forward, ultimately accelerating the pace at which we can bring new medicines to patients,” said Sai Jasti, Senior Vice President, Head of Data Science & Artificial Intelligence, Bayer Pharmaceuticals R&D.

“For agentic AI to matter in research, it has to earn the trust of the scientists doing the work. Bayer’s selection of Biomni Lab is a strong endorsement of the scientific rigor and AI capabilities we’ve built into the platform,” said Kexin Huang, Ph.D., Co-Founder and CEO of Phylo. “Our vision is an AI-native operating system for biopharma, where every scientist can direct a team of AI agents to pursue complex research questions. With Bayer, we aim to show what becomes possible when AI capabilities meet deep scientific expertise: more hypotheses explored, more discoveries made, and new possibilities for medicine.”

About Phylo

Phylo’s mission is to bring the best agentic intelligence to every biomedical scientist. Its enterprise-grade AI platform, Biomni Lab, is the first Integrated Biology Environment—a unified workspace where scientists collaborate with AI agents across literature research, experimental design, biological data analysis, and scientific decision-making.

Biomni Lab is now used by leading global biopharma, including Bayer, Chugai Pharmaceutical and Ono Pharmaceutical. Phylo is based in South San Francisco, backed by Andreessen Horowitz (a16z) and Menlo Ventures.

For more information, visit phylo.bio. To learn more about Biomni Lab, visit biomni.phylo.bio.

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SOURCE Phylo, Inc.

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Sandler Partners Welcomes Bryan Rias as Director, Sales Engineer, West Region

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New Hire Announcement | Independent Technology Distributor Sandler Partners grows its Sales Engineering team, adding Bryan Rias as Director, Sales Engineer, West Region.

REDONDO BEACH, Calif., Oct. 22, 2026 /PRNewswire/ — Sandler Partners, the leading independent Technology Solutions Distributor, announces the addition of Bryan Rias as Director, Sales Engineer, West Region, further strengthening its dedicated sales engineering team and the technical support available to Partners in the West Region.

Bryan brings more than two decades of experience designing and delivering complex technology solutions, including enterprise and Cloud architecture roles at Lumen/Savvis and IBM focused on infrastructure modernization and customer success. His expertise spans automation, edge computing, disaster recovery, application performance monitoring (APM), and DevSecOps. In his role, Bryan will support Partners across the West Region, aligning early with them on strategy and leading thoughtful discovery to help them find the right fit for each client.

For Bryan, strong relationships and solid values guide his life and form the foundation of his professional success, a perspective that fits naturally within the Sandler Partners community. When he is not working, Bryan spends time with his family, including his wife, three sons, and a grandson, RVing, boating, and biking, along with pursuing his passion for freediving.

“Bryan brings the kind of hands-on experience our Partners value: he’s been in the room on complex deals and knows how to turn a customer’s needs into the right solution,” says Justin Marano, Chief Revenue Officer, Sandler Partners. “He came to Sandler for the freedom to work across best-of-breed Providers, and our Partners in the West will feel that right away. He’s collaborative, grounded, and focused on helping Partners win. I’m excited to have him on the team.”

“I’m excited to get to work alongside our Partners, helping them navigate complex opportunities and bring clarity to technical decisions,” says Bryan. “For me, it all comes back to relationships. When you build them on trust and shared values, the results follow for our Partners and their clients. That’s something that the Sandler community really embodies, and I look forward to getting to work with our Partners!”

About Sandler Partners
Sandler Partners helps empower its network of leading independent Sales Partners to deliver a comprehensive range of technology solutions to organizations worldwide, including Cybersecurity, Artificial Intelligence (AI), Connectivity, Cloud, Colocation, Mobility, Internet of Things (IoT), and Continuity. Its community-focused approach enables Partners to identify the right solutions for customers quickly and objectively from a diverse portfolio of 220+ Providers. Partner sales agents, VARs, and MSPs gain access to an innovative suite of sales tools within the Sandler Portal—including SCOUT, Solutions Finder, Scout for Solutions, and the Marketing Center—several of which are AI-powered, all backed by a robust support network, dedicated Sales Engineering expertise, and rich marketing resources. Together, these tools and resources empower Partners to focus on what they do best: delivering quality, value, performance, innovative solutions, unmatched expertise, and exceptional service to their clients. Members of the Sandler Partners community also benefit from the industry’s strongest negotiated agreements and a dedicated team committed to ensuring commissions are accurately identified, tracked, and paid. For more information, visit www.sandlerpartners.com.

Sandler Partners – Media Contact
Tina S. Dyksterhouse
tina@sandlerpartners.com
310-861-2295

View original content to download multimedia:https://www.prnewswire.com/news-releases/sandler-partners-welcomes-bryan-rias-as-director-sales-engineer-west-region-302916413.html

SOURCE Sandler Partners

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