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M1X Global : STS Digital to Accept and Pledge USDM1 Across Derivatives and Structured Products Books

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Bermuda-regulated principal dealer adopts the world’s first natively issued, USD-denominated sovereign bond as collateral under industry-standard derivatives and financing documentation

NEW YORK, Aug. 13, 2026 /PRNewswire/ — STS Digital Ltd., a Bermuda-regulated principal trading firm specializing in digital asset derivatives, structured products, and institutional liquidity solutions, today announced that it will accept USDM1 from eligible counterparties and pledge the instrument as collateral across its over-the-counter derivatives, structured products, and financing relationships. Through its institutional-grade trading infrastructure and principal market-making model, STS Digital provides institutional counterparties with access to deep liquidity, advanced derivatives capabilities, and bespoke solutions across digital asset markets. The adoption of USDM1 further expands STS Digital’s commitment to bridging traditional financial infrastructure with the next generation of digital asset markets.

USDM1 brings on-chain collateral with 24/7 transferability into established institutional derivatives frameworks. Although corporate digital dollar instruments are transferable on-chain, for institutions, perfecting security interests in them can present challenges. As instruments, they are often not covered in industry netting opinions. As a result, their ability to provide collateral and capital efficiencies is often limited.

USDM1 can be used as initial or variation margin under standard derivatives documentation supporting legally enforceable netting sets, and may reduce unsecured counterparty exposure and the amount of other collateral required to support a portfolio.

The economic significance of close-out netting is well established in traditional derivatives markets. Bank for International Settlements data show that, at year-end 2025, legally enforceable netting reduced the gross market value of outstanding OTC derivatives by approximately 85.3%, or $19.4 trillion. USDM1 brings on-chain collateral into the frameworks supporting these efficiencies.

USDM1 is compatible with repo and secured-financing arrangements under standard GMRA and GMSLA documentation and accrues a sovereign coupon. It enables title-transfer repo, collateral substitution and reuse within established institutional frameworks. When held unencumbered, USDM1 maintains look-through to the credit of pledged US Treasury instruments and supports treatment as Level 1 HQLA under Basel standards.[1]

Maxime Seiler, CEO of STS Digital, said:

“As a principal derivatives dealer, collateral efficiency directly affects how we price, fund and scale our book. Accepting USDM1 from eligible counterparties, pledging it across our own trading and financing relationships and utilizing it in structured products supports more efficient inventory financing, tighter client pricing and greater trading capacity per dollar of balance sheet.”

Jordan Goldman, President and Chief Operating Officer of M1X Global, said:

“STS Digital is one of the most active and sophisticated crypto derivatives dealers. As digital assets enter a new phase of institutional adoption, USDM1 connects on-chain markets with the legal, collateral and risk-management frameworks regulated institutional counterparties require while preserving the benefits of 24/7 settlement.”

About USDM1

USDM1 is a fully collateralized, USD-denominated sovereign bond natively issued on-chain by the Republic of the Marshall Islands. It is structured in the style of a Brady bond under New York law, with an explicit customary waiver of sovereign immunity, and secured on a 1:1 basis by short-duration US Treasury instruments pledged by a US trust company in a bankruptcy-remote structure.

The Republic of the Marshall Islands operates exclusively on the US dollar standard under its Compact of Free Association with the United States. As a dollar-denominated sovereign obligation, USDM1 does not carry foreign-exchange or convertibility risk. Holders maintain enforceable rights to par redemption against a sovereign issuer and a perfected, first-priority security interest in Treasury collateral under UCC 8/9. For more on USDM1, see https://mof.gov.mh/usdm1-whitepaper/.

USDM1 is compatible with ISDA, GMRA and GMSLA agreements for derivatives, repo and secured lending, and is eligible for robust US close-out netting protections.  Cleary Gottlieb Steen & Hamilton LLP serves as issuer’s counsel and advised with respect to the structuring of the instrument under New York law, with the participation of partners specializing in sovereign debt, UCC and secured transactions, creditors’ rights, netting and digital asset markets.

About STS Digital

STS Digital Ltd. is a regulated principal trading firm specialised in digital asset derivatives and structured products, providing institutional-grade market access to professional clients and financial institutions. Clients can trade more than 400 tokens across vanilla and exotic options, spot, and structured products through a unified platform spanning UI, API, and voice channels. Founded by derivatives veterans, STS Digital delivers deep liquidity, competitive pricing, and rigorous risk management to ensure a seamless trading experience.

STS Digital Ltd. is licensed under the Bermuda Monetary Authority (BMA), holding a Full DABA “F” Licence – the highest level of authorisation available in the jurisdiction. The BMA is a tier-one financial regulator with active membership in the IAIS, FSB, and OECD, and holds full Solvency II equivalence with the European Union.

STS Digital is backed by leading industry investors including CMT Digital, Kraken’s parent Payward, Arrington Capital, Strobe Ventures, F-Prime, and BitRock Capital.

W: https://www.stsdigital.io/

About M1X Global

M1X Global is a sovereign financial infrastructure and technology company bridging public finance and on-chain capital markets. Operating in public-private partnership with the Republic of the Marshall Islands, M1X coordinates the legal, compliance, technology, custody and institutional infrastructure behind sovereign digital instruments.

Disclaimer

Statements in this release regarding the legal, accounting, regulatory and capital characteristics of USDM1 are provided by the issuer and its advisors and have not been independently verified by STS Digital.

Securities Act

The content of this communication is for informational purposes only and is not intended to market, offer, or solicit you to buy or sell USDM1 or any financial product directly from M1X Global, STS Digital, the Republic of the Marshall Islands or otherwise.

USDM1 is being offered and sold solely outside the United States in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”). The Republic of the Marshall Islands has not registered any offering of USDM1 under the U.S. Securities Act, or any other U.S. federal and state securities laws. Accordingly, USDM1 may not be offered, sold, pledged or otherwise transferred in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S), unless they are registered, or exempt from, or not subject to, registration under the Securities Act.

Nothing in this communication constitutes, or should be construed as, a recommendation by M1X Global, STS Digital, the Republic of the Marshall Islands or any third party to acquire or dispose of USDM1 or any other security, or to engage in any investment strategy or transaction.

Prospective investors are urged to carefully read the offering memorandum prepared in connection with the offering of USDM1 in its entirety, including all annexes, appendices, and supplements thereto, before making any investment decision. The offering memorandum contains important information regarding, among other things, the terms of the securities, the risks associated with an investment therein, and the financial condition and business of the issuer. Prospective investors are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for them based on their investment objectives and personal and financial situation. Prospective investors should consult an attorney or tax professional regarding their specific legal or tax situation.

Forward-Looking Statements

This release contains forward-looking statements, including statements regarding the intended acceptance, pledging and use of USDM1 by STS Digital. Forward-looking statements are not historical facts. Words such as anticipates, believes, estimates, expects, intends, plans, will and similar expressions are intended to identify them. Such statements reflect current views and are subject to risks and uncertainties, and rest on assumptions including general economic and market conditions, industry conditions and operating factors. There is no guarantee that the expected events or results will occur, and any change in those assumptions could cause actual results to differ materially from current expectations.

[1] HQLA classification is subject to the applicable regulations and regulatory determinations of each financial institution’s prudential supervisor. Nothing in this communication constitutes a representation that USDM1 qualifies as Level 1 HQLA under applicable U.S. banking laws.

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Disposable Medical Sensors Market worth $16.13 billion by 2031 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Aug. 13, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Disposable Medical Sensors Market is projected to reach USD 16.13 billion by 2031 from USD 11.86 billion in 2026, at a CAGR of 6.4% during the forecast period.

Browse 250 market data Tables and 60 Figures spread through 300 Pages and in-depth TOC on “Disposable Medical Sensors Market – Global Forecast to 2031”

Disposable Medical Sensors Market Size & Forecast:

Market Size Available for Years: 2026–20312026 Market Size: USD 11.86 billion2031 Projected Market Size: USD 16.13 billionCAGR (2026–2031): 6.4%

Disposable Medical Sensors Market Trends & Insights:

The disposable medical device sensors market covers Europe, North America, Asia Pacific, Latin America, the Middle East & Africa, and the GCC Countries. North America is expected to grow at the fastest CAGR of 6.7% during 2026–2031.In 2025, the biosensors segment held a 55.6% share of the disposable medical device sensors market by type, making it the leading segment. This dominance is driven by their widespread adoption in glucose monitoring, infectious disease testing, point-of-care diagnostics, and continuous patient monitoring applications.By application, the diagnostic devices segment accounted for the largest share of 57.1% of the disposable medical device sensors market in 2025, driven by increasing demand for rapid, accurate, and cost-effective diagnostic solutions. The widespread adoption of disposable sensors in glucose monitoring, infectious disease testing, and point-of-care diagnostics has significantly contributed to the segment’s leading position.

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The growth of the global disposable medical device sensors market is primarily driven by the increasing prevalence of chronic diseases, the rising demand for continuous patient monitoring, and growing concerns regarding hospital-acquired infections (HAIs) and cross-contamination. The expanding adoption of single-use sensors in critical care, diagnostic testing, and minimally invasive procedures, coupled with the increasing demand for home healthcare and remote patient monitoring solutions, is further fueling market growth. In addition, rapid technological advancements in biosensors, wearable medical devices, flexible sensor technologies, and wireless connectivity have enhanced the accuracy, reliability, and ease of use of disposable medical device sensors. Increasing healthcare expenditure, favorable government initiatives supporting digital health, and expanding healthcare infrastructure in emerging economies are also expected to create significant growth opportunities for market participants.

Despite these favorable growth drivers, the market faces several challenges. Stringent regulatory requirements for product approval, lengthy certification processes, and the need to comply with rigorous quality and safety standards can delay product commercialization. Additionally, pricing pressures, reimbursement limitations in certain regions, and concerns related to integrating disposable sensors with connected healthcare systems and ensuring data security pose challenges for manufacturers. Nevertheless, ongoing innovation and increasing investments in advanced sensor technologies are expected to support the long-term growth of the disposable medical device sensors market.

By product, the biosensors segment accounted for the largest share of the global disposable medical device sensors market in 2025.

Based on product, the disposable medical device sensors market is segmented into biosensors, accelerometers, temperature sensors, image sensors, and other sensors. The biosensors segment accounted for the largest share of the market in 2025. The significant share of this segment can be attributed to the extensive adoption of disposable biosensors across various diagnostic and monitoring applications, including glucose monitoring, infectious disease testing, pregnancy testing, drug and alcohol screening, and continuous glucose monitoring (CGM) systems. The growing prevalence of chronic diseases, increasing demand for rapid and accurate diagnostic solutions, and rising adoption of point-of-care testing technologies have further supported the growth of the biosensors segment. Additionally, advancements in biosensor technologies, such as improved sensitivity, miniaturization, and enhanced accuracy, have expanded their applications across hospitals, diagnostic laboratories, and home healthcare settings, driving their continued dominance in the disposable medical device sensors market.

By type, the strip sensors segment accounted for the largest market share in 2025.

Based on type, the disposable medical device sensors market is segmented into strip sensors, wearable sensors, invasive sensors, and ingestible sensors. The strip sensors segment accounted for the largest share of the market in 2025. The leading position of this segment is primarily attributed to the widespread use of disposable strip sensors in glucose monitoring, infectious disease testing, pregnancy testing, and other rapid diagnostic applications. The increasing global burden of diabetes, infectious diseases, and other chronic conditions has significantly contributed to the rising demand for glucose test strips and diagnostic test strips. Furthermore, the growing adoption of strip sensors in point-of-care and home-based testing is supported by their key advantages, including affordability, ease of operation, portability, rapid results, and reduced risk of contamination. These benefits, along with the increasing preference for convenient and decentralized diagnostic solutions, continue to drive the growth of the strip sensors segment in the disposable medical device sensors market.

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By application, diagnostic testing accounted for the largest market share in 2025.

Based on application, the disposable medical device sensors market is segmented into patient monitoring, diagnostic testing, therapeutics, and imaging. The diagnostic testing segment accounted for the largest share of the market in 2025. The dominant share of this segment is primarily attributed to the increasing prevalence of lifestyle-related disorders, infectious diseases, and other chronic conditions, which has accelerated the demand for rapid and reliable diagnostic solutions. The extensive use of disposable sensors in glucose monitoring, infectious disease detection, pregnancy testing, and other point-of-care diagnostic applications across hospitals, clinics, laboratories, and home healthcare settings has further supported segment growth. Additionally, the growing preference for early disease detection, self-monitoring devices, and decentralized diagnostic solutions, along with the advantages of disposable sensors such as quick results, ease of use, and reduced risk of cross-contamination, continues to drive the expansion of the diagnostic testing segment.

Key Players

Leading players in the Disposable Medical Sensors companies include Abbott Laboratories (US), F. Hoffmann-La Roche Ltd (Switzerland), Medtronic (Ireland), and GE HealthCare Technologies Inc. (US), among other players.

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Browse Adjacent Market: Medical Devices Market Research Reports & Consulting

See More Latest Medical Devices Reports:

Medical Device Contract Manufacturing Market by Device Type (IVD, Cardiovascular, Orthopedic, Dental), Class of Device (Class I, II, III), Service (Device Development & Manufacturing, Packaging & Assembly, Quality Management) – Global Forecast to 2030

Patient Monitoring Devices Market by Product (Multiparameter, Glucose CGM, Wearables, EEG, EMG, ECG, ILR, MCT, Pulse Oximeter, Fetal, Neonatal, BP, Hemodynamic, Spirometer, Capnograph), End User (Hospital, ICU, ASC), & Region – Global Forecast to 2031

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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WiMi Hologram Cloud Inc. Unveils H-QNN Technology for Efficient Binary MNIST Image Classification

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BEIJING, Aug. 13, 2026 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WIMI” or the “Company”), a globally leading technology provider, announces a major breakthrough in releasing Hybrid Quantum Neural Network (H-QNN), an innovative hybrid quantum-classical neural network technology tailored for the image recognition sector. The technology creatively integrates parameterised quantum circuits with classical neural network architectures and has been successfully deployed for binary image classification tasks on the MNIST dataset, delivering outstanding performance in classification accuracy, feature representation capability, and model training efficiency.

Image classification stands as one of the most fundamental and critical tasks within the field of computer vision. Spanning handwritten digit recognition, facial recognition, industrial defect detection, and autonomous driving perception systems, image classification technology forms the core foundation of nearly all modern AI visual systems. Conventional deep learning models primarily rely on Convolutional Neural Networks (CNNs) to execute feature extraction. CNNs extract edge, texture, contour, and semantic information step-by-step via sliding convolution kernels across images, then leverage fully connected networks to render classification decisions. Nevertheless, as data dimensions expand and image features grow increasingly intricate, traditional neural networks have gradually revealed multiple inherent limitations.

First, data distributions within high-dimensional feature spaces often feature complex nonlinear structures, requiring classical networks to incorporate massive quantities of parameters to construct sufficiently sophisticated decision boundaries. Second, deep network training is prone to issues such as vanishing gradients, local optima, and overfitting. In addition, training large-scale models demands enormous computational resources and energy consumption. Meanwhile, advances in quantum computing have opened new avenues to address the aforementioned challenges.

Its core design philosophy centers on fully harnessing the high-dimensional feature mapping capacity of quantum circuits during image classification: complex pattern recognition tasks are delegated to quantum layers, while parameter optimisation and final classification decisions are handled by mature, stable classical neural networks. This architecture design effectively circumvents the constraints imposed by the limited scale of current quantum hardware, while maximising the inherent advantages of quantum computing in feature representation.

From an overall architectural perspective, WIMI’s H-QNN establishes a complete end-to-end data processing pipeline that enables deep integration between quantum computing and classical computing.

To render classical images processable by quantum computers, the conversion of classical data into quantum-compatible data must be resolved first. Each image in the MNIST dataset consists of a 28×28-pixel grid with 784 grayscale values in total. Directly loading all pixel data into a quantum system would incur prohibitive quantum resource overhead. Accordingly, H-QNN first employs a classical preprocessing module to conduct dimensionality reduction and normalisation on input images. Standardised feature vectors are subsequently converted into data formats compatible with quantum state representation before entering the quantum encoding phase. Within this phase, classical features are mapped to the amplitudes and rotation angles of quantum bits. Each qubit is initialised to the ground state 0, and feature encoding is implemented through rotation gates. Quantum rotation operations translate image features into quantum state parameters; following this transformation, pixel information from the original image is embedded within the quantum state space, laying the groundwork for subsequent quantum feature learning.

One of the most pivotal innovations of WIMI’s H-QNN lies in its parameterised quantum feature learning module. Where traditional CNNs use convolution kernels to learn image features, this responsibility is undertaken by parameterised quantum circuits in H-QNN. The quantum layer is composed of stacked rotation gates and entanglement gates: rotation gates execute local feature transformations, whereas entanglement gates establish correlation relationships between distinct qubits.

Quantum states continuously evolve throughout this process. Driven by quantum entanglement mechanisms, intricate correlational structures emerge across multiple qubits, a correlation capacity far surpassing the linear connection schemes adopted by traditional neural networks. When certain patterns within images carry complex spatial relationships, quantum entanglement naturally captures these high-order features. This mechanism is particularly well-suited to processing nonlinear distributions embedded within high-dimensional data. Complex feature representations that may require hundreds or even thousands of neurons in classical networks can be expressed with far fewer parameters within the quantum feature space.

The essence of classification lies in identifying decision boundaries, which traditional neural networks construct through multi-layer nonlinear transformations. By contrast, WIMI’s H-QNN leverages the exponential dimensional advantage of quantum state spaces to deliver a more flexible classification mechanism. Within quantum state space, samples belonging to different categories are mapped to distinct spatial regions. Following multi-layer quantum transformations, data points that prove difficult to separate in classical space become far more distinguishable. Quantum feature mapping effectively amplifies inter-class distances, lowering classification difficulty; such quantum-enhanced feature spaces can substantially boost model recognition performance.

Upon completing quantum feature learning, the quantum system transmits extracted information back to the classical neural network via quantum measurement. The quantum measurement layer retrieves quantum state information and converts it into classical numerical values. Specifically, feature vectors are obtained by measuring the expectation values of Pauli operators, which are then fed into the classical classification network. The measurement process functions to compress and project high-dimensional features learned within quantum space back into classical space. Since complex feature extraction has already been completed by the quantum layer, the subsequent classification network can maintain a compact structure, allowing the overall model to sustain high precision while cutting down computational overhead.

Moving forward, WIMI intends to extend this model to more complex datasets. The company will also explore deeper quantum network architectures, adaptive quantum feature extraction mechanisms, and large-scale quantum entanglement learning frameworks. As quantum hardware performance sees sustained improvements, hybrid quantum-classical neural networks are poised to transition from laboratory research to industrial deployment, delivering transformative value across intelligent manufacturing, autonomous driving, remote sensing recognition, biomedical treatment, and financial analytics. The launch of H-QNN not only demonstrates the immense potential of quantum computing to empower artificial intelligence but also charts a new development trajectory for next-generation intelligent computing architectures, marking a vital milestone as quantum-enhanced machine learning advances from theoretical research toward practical real-world applications.

About WiMi Hologram Cloud Inc.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) focuses on holographic cloud services, primarily concentrating on professional fields such as in-vehicle AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic devices, holographic semiconductors, holographic cloud software, holographic car navigation, metaverse holographic AR/VR devices, and metaverse holographic cloud software. It covers multiple aspects of holographic AR technologies, including in-vehicle holographic AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR virtual advertising technology, holographic AR virtual entertainment technology, holographic ARSDK payment, interactive holographic virtual communication, metaverse holographic AR technology, and metaverse virtual cloud services. WiMi is a comprehensive holographic cloud technology solution provider. For more information, please visit http://ir.wimiar.com.

Translation Disclaimer

The original version of this announcement is the officially authorized and only legally binding version. If there are any inconsistencies or differences in meaning between the Chinese translation and the original version, the original version shall prevail. WiMi Hologram Cloud Inc. and related institutions and individuals make no guarantees regarding the translated version and assume no responsibility for any direct or indirect losses caused by translation inaccuracies.

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Raiven Launches Raiven 2.0, Bringing Patented Best-Value Sourcing to Building Trades Procurement

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New platform automates supplier quote collection, comparison and sourcing decisions to help contractors reduce material costs and make purchasing faster and easier

IRVINE, Calif., Aug. 13, 2026 /PRNewswire/ — Raiven, the procurement platform purpose-built for the building trades, today announced the launch of Raiven 2.0, a major new release that brings the company’s patented Raiven Best Value™ sourcing technology directly into its platform and extends its functionality to the field.

Raiven 2.0 is designed to address the inherently complex many-to-many relationships between contractors and suppliers. It is an agentic application layer that brings optimal rules-based decision making to every purchase every time for every role.

Rather than simply identifying the lowest unit price, Raiven Best Value™ evaluates the factors that determine the actual cost and practicality of a purchase, including availability, lead time, freight, supplier location, delivery options, urgency, etc., enforced by each customer’s purchasing rules. Raiven’s approach to best-value sourcing is protected by U.S. Patent No. 12,327,222 B2.

“Contractors should not have to spend hours sorting through emails, spreadsheets, and inconsistent supplier quotes just to figure out the best way to buy,” said Manoj Puthenveetil, CEO of Raiven. “In an industry facing an acute labor shortage, productivity and margin improvement are no longer optional. Raiven 2.0 turns AI into practical business value by helping contractors make better procurement decisions faster, without having to navigate the hype and complexity surrounding AI.”

For building trades contractors, the opportunity is significant. Materials are typically the second-largest cost after labor, yet much of the industry still manages purchasing through fragmented processes involving email, spreadsheets, phone calls, and individual supplier relationships. Raiven 2.0 brings those activities together in one system and converts supplier information into a clear, actionable, auditable buying recommendation.

From quote collection to intelligent purchasing

Self-service sourcing. Purchasing teams can create a request once and distribute it across their preferred supplier network while Raiven helps manage sourcing in the back office and in the field.

AI-powered quote comparison. Raiven reads supplier quotes, normalizes the information, and compares responses, giving users both a recommended sourcing strategy and access to the underlying supplier details, all within their company’s buying policies.

Airstream Services, a rapidly growing multi-trade service business based in Nashville, is among the customers beginning to implement Raiven 2.0 as part of its procurement strategy.

“Saving time and money is an important priority for every service business. As we expand rapidly in the Nashville area, improving our margins through best-value procurement decisions is an important strategy for us. That’s exactly what Raiven 2.0 helps us to do,” said Gus Puga, Owner and CEO of Airstream Services.

Building the Agentic Chief Procurement Office

Raiven 2.0 also establishes the platform foundation for the company’s broader vision: creating an Agentic Chief Procurement Office for the building trades.

Raiven has built an agentic framework to manage sourcing, purchasing, supplier management, spend intelligence, and buying policy, bringing procurement capabilities historically only available to the largest contractors and multi-location building trades businesses.

“Every work order has one part labor and one part material. If you don’t control both, you control neither” said Tracy K. Price, Chairman of the Board of Raiven. “Raiven 2.0 is the realization of the ambition for the patent that we submitted four years ago, and it is now a reality.”

About Raiven

Raiven is the Agentic Chief Procurement Office for the trades, built for electrical, HVAC, and multi-trade contractors. The platform combines trade-specific AI agents, a mobile application, procurement data and insights, Raiven Assist, and a curated supplier network that works alongside contractors’ existing supplier relationships.

At the core is Raiven Best Value™, the trades’ patented system for value-based procurement decisions. Rather than optimizing for the lowest line-item price, Raiven evaluates each purchasing decision across a dynamic mix of factors including price, availability, supplier reliability, lead time, freight, total cost, customer priorities, and more. The result is the best value for the job, not simply the lowest price.

Raiven helps contractors increase the capacity of their existing teams, improve margin control, and gain greater visibility into what they buy, where they buy it, and what it costs. Learn more at Raiven.com.

Media Contact
Jo Jenkins
Raiven
jo.jenkins@raiven.com

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