- First Be Variety Tech Fund funding on its mission to help startups that mitigate the misuse of expertise and create a kinder digital world
- ping expertise lets business drivers hear messages out loud in 105 languages, making processes hands-free, lowering texting whereas driving, and serving to enhance total driving habits
- Be Variety Tech Fund’s funding will assist fund ping’s enterprise improvement and increase availability worldwide
SAN FRANCISCO, July 27, 2022 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native firm centered on reinventing companies by means of progressive expertise options, as we speak introduced that its Be Variety Tech Fund has invested in ping, a U.S.-based voice platform firm that helps enterprises get rid of distracted driving by enabling business drivers to listen to their smartphone messages and emails learn out loud in additional than 105 languages, making a safer expertise for drivers, passengers, and pedestrians.
Because the Be Variety Tech Fund’s first funding – alongside investments from different companies – the fund has helped ping increase a $5M joint seed spherical, which is able to allow the corporate to roll out its patented expertise to tons of of gig economic system corporations world wide. Along with increasing ping’s attain, the Be Variety Tech Fund’s funding will allow the corporate to leverage Globant’s present community globally.
Based in 2021, the Be Variety Tech Fund is the primary and solely company enterprise fund wholly centered on supporting startups that search to mitigate the misuse of expertise. Since its launch, the Be Variety Tech Fund has established partnerships with The George Washington College, in addition to buyers together with Riverwood Capital, IDB Lab, Nazca, and entrepreneurial organizations resembling Endeavor, LAVCA, and Newlab. The Middle for Humane Know-how additionally joined the Fund as an advisor. By establishing an ecosystem of like-minded organizations throughout influential sectors – from schooling to enterprise capital – the Be Variety Tech Fund is main the creation of a brand new help system for mission-based expertise startups.
“ping is an ideal instance of the kind of startup that we had in thoughts when creating the Be Variety Tech Fund,” mentioned Guibert Englebienne, Globant Co-Founder, President for Latam and Globant X. “We wish to make it possible for expertise is harnessed for the good thing about society, and we admire ping’s progressive use of patented voice expertise to assist drivers get residence safely – an growing challenge because the gig economic system continues to develop exponentially. We stay up for serving to ping meet its objectives, offering its workforce with professional steering from our ecosystem, and contributing to its success.”
“Hundreds of thousands of gig economic system drivers are put at risk each day by the fixed notifications and alerts delivered to their smartphones throughout quite a lot of apps, which contribute to distracted driving and sometimes result in accidents,” mentioned Garin Torin, CEO, ping. “Our aim is to maintain drivers and passengers secure by eliminating distractions and serving to them get residence safely. The Be Variety Tech Fund’s mission to forestall the misapplication of expertise is completely aligned with the aim of our platform, making this help from the Fund and its ecosystem particularly significant.”
Based on the Division of Transportation’s Nationwide Freeway Visitors Security Administration (NHTSA), distracted driving prices the economic system $129 billion per yr and 11 lives per day. To assist mitigate this danger, ping developed a patented Drive Mode voice platform that may combine immediately into the apps of automakers, insurers, music companies, podcast platforms, and health apps, in addition to on-board telematics and business fleet administration software program. As well as, ping might be white-labeled to create branded apps for cities, insurers, and wi-fi carriers. Moreover studying messages out loud, ping can even coach drivers to be safer by alerting them to arduous braking and acceleration, extreme lane altering, rushing, and telephone dealing with whereas driving.
CameraMatics, a automobile operations cloud platform, built-in ping’s voice expertise to reinforce security and assist business and fleet drivers keep away from distractions that may trigger accidents. “ping’s expertise unlocks a brand new part of fleet security with its confirmed potential to cut back distractions whereas nonetheless guaranteeing important updates are communicated,” mentioned Mervyn O’Callaghan, CEO, CameraMatics. “With ping’s integration into CameraMatics, we at the moment are in a position to present probably the most complete security answer in the marketplace.”
For extra details about the Be Variety Tech Fund or to affix the ecosystem, please go to www.bekindtechfund.com. For extra details about ping, please go to www.pingloud.com.
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About Be Variety Tech Fund
Launched in 2021, the Be Variety Tech Fund is a $10 million USD company enterprise fund administered by Globant Ventures. The fund seeks to help international startups in search of help in growing apps, merchandise, and platforms which can be centered on mitigating the unfavourable results of expertise, resembling on-line harassment and abuse, knowledge privateness and safety, AI bias, display time abuse, and knowledge bubbles and polarization.
In case you are an entrepreneur or startup centered on mitigating the unfavourable impacts of tech, or are eager about figuring out extra in regards to the Be Variety Tech Fund, please go to www.bekindtechfund.com and be a part of the revolution.