MOUNTAIN VIEW, Calif., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Motion2AI (CEO: Byungsoo Kim) closed a $12.6M Series A from venture capitalists in the US and Korea. US investor Mir Ventures led this Series A, and Smilegate Investment, Mirae Asset, IMM, Intervest, Future Play, Shinhan Capital, Nest Company, and Amantani Partners participated. "We led Motion2AI's Series A because advanced warehouse mobility technology is rapidly expanding to customers large and small in the logistics market. The future of autonomous integrated services based on AI technology is feasible and necessary for the logistics industry, and Motion2AI has a strong advantage in this sector," said John Braze, managing partner of MIR Ventures, who led the investment. Motion2AI CEO Byungsoo Kim expressed his ambition to more aggressively expand logistics center productivity improvement and safety to the US and Korea through this investment.

Mist, the pioneer in self-learning networks powered by Artificial Intelligence (AI), announced that it has partnered with Shopper Media Group, Australia's fastest-growing retail out-of-home (OOH) media business. Using Mist, Shopper Media Group will offer superior Wi-Fi, analytics and location-based services across the company's portfolio of Australian shopping centers. Mist currently provides market-leading Wi-Fi and location services using virtual Bluetooth Low Energy (BLE) technology to businesses across all industries worldwide, including over 30 of the Fortune 500 enterprises and the biggest retail players. Shopper Media Group is one of the first companies in Australia to deploy Mist technology, delivering on its mission to provide the best-in-class Wi-Fi solution and AI powered infrastructure to its national network of shopping centers. CEO of Shopper Media Group, Ben Walker said that they are incredibly excited to be working with the leaders in Wi-Fi and location-aware analytics, Mist, as they share the same drive to create, innovate and provide service leadership using ground-breaking AI-driven technology.