Category: Business

Menlo Ventures leads round backing intelligent assistants that help tax firms scale amid rising workloads and shrinking headcount.

SAN FRANCISCO, CA / ACCESS Newswire / July 10, 2025 / Abacus, the company developing agentic CPA assistants for modern accounting firms, today announced it has raised $6.6 million in seed funding. The round was led by Menlo Ventures, with significant participation from Pear VC and participation from Recall Capital, and Original Capital. The funding will accelerate Abacus’ mission to give CPAs superpowers – turning junior-level preparers into reviewers and bringing Big Four-level automation and efficiency to the entire CPA market. Their intelligent assistants learn firm-specific workflows and take on the rote, high-volume tasks that slow teams down.

Founded by brothers Cody Sugarman (CEO) and Brandon Sugarman (CTO), both engineers from Stanford, Abacus brings an AI-first approach to modernizing how accounting firms operate.

As accounting firms face mounting pressure from shrinking headcount and growing client demands, Abacus helps teams stay efficient, eliminating repetitive manual work while maintaining the precision and control tax firms need.

“With fewer professionals entering the field and workloads rising, the accounting industry is under immense pressure,” said Cody Sugarman. “We’re seeing an explosion of BPO usage, but associates are still working 60+ hour weeks during the busy seasons to meet the April and October deadlines. We’re building software that doesn’t just automate tasks-it works alongside teams, adapts to how they operate, and scales with their complexity. This funding allows us to expand our platform and bring this new category of assistant to more firms across the industry.”

Abacus is starting where the impact is highest: automating data entry, the most expensive and time-consuming task in the tax preparation process. Today, tax associates spend up to 80% of their time on manual rote tasks like data collection and reconciliation, and preparing workpapers before a CPA ever sees the return. With fewer professionals entering the field and increasing pressure on delivery timelines, many firms are turning to offshore teams, paying $30 or more per return and facing long turnaround times during peak season.

“The idea for Abacus came from our own CPA issuing us a ‘7216 consent form’, essentially telling us that the bulk of our tax prep work was going to be offshored,” said Brandon Sugarman. “This sparked a curiosity in the industry and eventually led to our first paying customer.”

The platform automates data collection by pulling from client documents, past returns, and standard forms-no 7216 consent form required-and classifies, reconciles, and pushes data directly into CPA workflows for review and filing. What once took hours of back-and-forth and manual entry can now be done 10x faster and at a fraction of the cost, with no bottlenecks during crunch time.

“Accounting is one of the last major service industries still bogged down by 30-year old legacy systems and manual workflows,” said Croom Beatty, Partner at Menlo Ventures. “With more than half of accountants expected to retire in the next decade, there is an acute need for AI to reshape and improve how modern accounting gets done. Cody and Brandon have a deep understanding of the intricacies and nuances of how accounting firms operate and have built a powerful tax product that allows best in class accounting firms to better serve their end customers.”

Abacus is currently expanding its team and hiring across several roles. Those interested can learn more at getabacus.com or reach out directly to cody@getabacus.com.

ABOUT ABACUS:

Abacus builds agentic infrastructure for accounting firms. Founded by brothers and Stanford engineers, Cody and Brandon Sugarman, Abacus is rethinking how high-trust industries adopt intelligent software: not through flashy interfaces, but through deeply embedded, domain-specific automation. For more, visit getabacus.com.

MEDIA CONTACT:

Lauren Gill, MAG PR at E: lauren@mooringadvisorygroup.com; P: 978-473-1362

SOURCE: Abacus

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INDIANAPOLIS, IN AND COSTA MESA, CA / ACCESS Newswire / July 10, 2025 / Arrive AI (NASDAQ:ARAI) – a pioneering autonomous delivery network anchored by Arrive Points™ – has selected Synoptek as a strategic IT partner to enable its rapid growth and global ambitions. Synoptek will provide Arrive AI with all the IT solutions it needs to support its business.

With a recent injection of up to $40 million in funding from Streeterville Capital, Arrive AI is entering a critical growth phase. The company is preparing to launch its patented, autonomous delivery platform later this summer and expects to triple its staff size.

“Synoptek’s strategic approach, deep expertise, robust tech stack and strong partnerships with Microsoft and ServiceNow made it a clear choice,” said Mark Hamm, COO of Arrive AI. “We were searching for a partner who could move at our pace and help us build a resilient IT foundation for global expansion. After conducting an exhaustive search, we knew Synoptek would be the partner we were looking for to provide all of IT capabilities we need to take our business to the next level”

Under the three-year agreement, Synoptek will contribute to the solution definition, implementation and IT management, including, cybersecurity, enterprise-grade IT and 24/7 AI-enabled managed services operations. This engagement deepens Synoptek’s presence in the high-growth logistics and manufacturing sector and aligns with its mission to deliver smart, secure and connected IT environments.

“We’re proud to serve as an extension of the Arrive AI team,” said Salil Godika, CEO at Synoptek. “Together, we are building a resilient and secure IT backbone that supports innovation and scale. We deliver focused solutions that incorporate exceptional customer experiences, digital application engineering, and agile infrastructure. We are committed to providing Arrive AI with the technology foundation it needs to grow with confidence.”

Synoptek will provide advisory services and information sharing around security, AI and application innovation as Arrive AI continues to push boundaries in the AI transportation and logistics space.

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About Arrive AI: Arrive AI’s patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered mailbox, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at www.arriveai.com.

Media contact: Cheryl Reed at media@arriveai.com

Investor Relations Contact: Alliance Advisors IR at ARAI.IR@allianceadvisors.com

About Synoptek: Synoptek is a global, full-service business and digital technology solutions provider and advisory firm that helps companies envision, transform, and evolve their customer experiences, application ecosystems, and infrastructures. As a systems integrator and managed technology provider, Synoptek partners with organizations worldwide, helping them navigate the ever-changing technology landscape and build solid tech foundations for their businesses.

With its comprehensive offerings, global workforce, and strategic technology partnerships, Synoptek helps companies optimize their IT environments and enable innovation through technology. With growth, ownership, inclusiveness, and philanthropy embedded in its DNA, Synoptek is committed to delivering improved business results and unmatched service to all its stakeholders.

Cautionary Note Regarding Forward Looking Statements

This news release and statements of Arrive AI’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would”, “optimistic” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI’s Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at www.sec.gov. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

SOURCE: Arrive AI Inc.

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Latest battery systems feature enhanced performance and include 54Ah ceramic cell to be mass produced in Jamestown, NY

Passed the most stringent safety testing in the industry, including fire propagation testing

Further strengthens the Company’s leadership position in the market for industrial and heavy duty vehicles

TORONTO, ON / ACCESS Newswire / July 10, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has successfully completed UL2580 certification for 448 distinct models of its latest generation 24V, 36V, and 48V lithium-ion battery systems. The certification includes battery systems composed of its current 47Ah cell in addition to its 54Ah cell which will be mass produced at its facility in Jamestown, New York in 2026. The next generation models feature improved charge rates, energy density, ergonomics and overall performance. Notably, the new models also provide the highest energy densities of batteries used in the material handling industry, providing an additional competitive advantage. These next generation battery systems will start being made available to customers this year.

The UL2580 certification involved some of the most stringent safety testing standards in the industry and included fire propagation testing, vibration, shock and short circuit testing amongst other destructive testing.

“This is an important milestone as we prepare to launch our next generation of products for one of our key industrial markets,” said Dr. Raj DasGupta, CEO of Electrovaya. “The UL2580 certification is one of the most trusted safety benchmarks in the battery industry and underscores the strength of the safety capabilities of our Infinity battery technology. The material handling industry represents a large portion of our revenue and with our significant advancements made for our next generation products, we expect to further strengthen our leadership position in the market.”

Investor and Media Contact:

Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618 / jroy@electrovaya.com

About Electrovaya Inc.

Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.

Forward-Looking Statements

This press release contains forward-looking statements relating to announcements regarding cell performance, cycle life, longevity, projected performance, extrapolated cycle life, energy density, relative performance compared to competitors, planned production in Jamestown New York, ability to start production in Jamestown in the expected timeframe, planned 54Ah lithium-ion ceramic cell in product lines in 2025 and 2026, use in commercial vehicle and energy storage applications, energy density, cell performance, safety, cost of ownership, life cycle cost, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective”, “seed”, “growing” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to solid state batteries, battery technologies and production roadmaps, are based on an assumption that the Company’s customers and users will deploy its products in accordance with communicated intentions, and the Company has investment capital to deploy. Important factors that could cause actual results to differ materially from expectations include but are not limited to macroeconomic effects on the Company and its business and on the Company’s customers, including inflation and tightening credit availability due to systemic bank risk, economic conditions generally and their effect on consumer demand and capital availability, labour shortages, supply chain constraints, the potential effect of health based restrictions in Canada, the US and internationally on the Company’s ability to produce and deliver products, and on its customers’ and end users’ demand for and use of products, which effects are not predictable and may be affected by additional regional outbreaks and variants, and other factors which may cause disruptions in the Company’s supply chain and Company’s capability to deliver and develop its products. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s Annual Information Form for the year ended September 30, 2024 under “Risk Factors”, and in the Company’s most recent annual Management’s Discussion and Analysis under “Qualitative And Quantitative Disclosures about Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Electrovaya, Inc.

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New hire supports operational scale-up and financial infrastructure as company ramps U.S. motor manufacturing

ORLANDO, FLORIDA / ACCESS Newswire / July 9, 2025 / Unusual Machines, Inc. (NYSE American:UMAC), a leader in drone technology and component manufacturing, today announced the appointment of Tim Manton, CPA, as Corporate Controller, reporting to Chief Financial Officer Brian Hoff. Manton brings more than 15 years of experience in financial operations, M&A, and reporting across high-growth and acquisition-driven companies.

“Tim brings strong financial acumen and experience critical to dynamic, scaling environments,” said Hoff. “His background in M&A, systems integration, and financial oversight makes him a valuable addition as we sharpen our focus on execution and operational efficiency.”

Manton most recently served as Director of Finance and Accounting at Sony Electronics (formerly KinaTrax), where he helped lead the company through a strategic acquisition. His prior roles at Blue Force Technologies and Ultra Electronics included ERP transitions, public company reporting, and post-merger financial integration.

The appointment comes as Unusual Machines scales its domestic operations, including a 17,000-square-foot motor production facility in Orlando, Florida. The company is actively building out its financial and operational infrastructure to support U.S.-made components, including high-performance drone motors designed to meet growing regulatory and customer demand.

“Strong financial systems are the foundation of any growing business,” Hoff added. “Tim’s leadership will be instrumental as we invest in the people, processes, and platforms that support disciplined growth and a competitive U.S. manufacturing strategy.”

Please visit: unusualmachines.com/careers the company’s latest job opportunities.

About Unusual Machines

Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032.

For more information, visit unusualmachines.com

Investor Contact:

CS Investor Relations
investors@unusualmachines.com

Media Contact
media@unusualmachines.com

SOURCE: Unusual Machines

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Eight enchanting fragrances inspired by the iconic characters and cozy forest village.

LIBERTY, KENTUCKY / ACCESS Newswire / July 9, 2025 / Goose Creek is thrilled to unveil its newest collaboration with The Smurfs, the timeless animated franchise that has enchanted generations with its whimsy, charm, and heartwarming stories. This all-new candle collection captures the magic of the Smurf Village through an imaginative lineup of fragrances designed to spark nostalgia and bring smiles to every home.

Each 3-Wick candle is a tribute to the playful spirit of the Smurfs, blending joyful scent profiles with the cozy, enchanted vibes of their forest home. From sweet berry-filled delights to fresh, rain-kissed mornings, this collection invites fans to experience the Smurf universe in a whole new way, through scent.

Jordan Meece, Chief Marketing Officer at Goose Creek, shares the inspiration behind the collaboration:

“We wanted this collection to feel like stepping into the Smurfs’ world, full of charm, nature, and lighthearted fun. Each fragrance is crafted to reflect the personality and magic of this beloved franchise, giving fans a new way to connect with their favorite blue characters.”

The Smurfs x Goose Creek candle collection includes eight new 3-Wick Candles:
• A Smurfy New Treat – Vanilla Ice Cream, Sugar Cone & Crystallized Sugar
• Rain Rain Smurf Away – Cool Rain Drops, Water Puddles & Fresh Air
• Smurf for your Lives! – Green Meadows, Sunny Citrus & Woodland Foliage
• Smurfberry Pie – Wild Smurfberries, Juicy Blueberry & Warm Crust
• Smurfette’s Garden – Pink Wisteria, Wild Blooms & Garden Greenery
• Smurfin’ on Sunshine – Juicy Ripe Pineapple, Toasted Coconut & Vanilla Cream
• Smurftastic – Sweet Blueberry, Vanilla Cream & Sugar Crystals
• The Beach Fixes Everything – Tropical Banana, Coconut Sunscreen & Golden Sands

Whether you’re reminiscing about Saturday morning cartoons or introducing a new generation to the world of the Smurfs, this collection offers a whimsical escape with every candle.

As with all Goose Creek candles, fans can expect clean-burning performance, richly layered fragrance, and a joyful sensory experience that fills any space with warmth and nostalgia.

The Smurfs x Goose Creek collection is available now, exclusively at www.goosecreekcandle.com. Stay connected with Goose Creek and The Smurfs on social media for launch news, behind-the-scenes content, and Smurfy surprises!

Related Video

https://www.youtube.com/watch?v=nvi6uv60rNk

SOURCE: Goose Creek Candle Company

Related Images

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PHILADELPHIA, PENNSYLVANIA / ACCESS Newswire / July 9, 2025 / A Pennsylvania jury has awarded $5.6 million to the family of a child left debilitated with a traumatic brain injury and nearly blind after a botched birth at a Philadelphia-area hospital.

The lawsuit was initially filed in 2020 by the parents of the now 6-year-old girl – Alexandra Wolfson and Jason Hoffman – in the Court of Common Pleas Philadelphia County against midwife Anne Pitts Londergan, CNM, and Albert Einstein Medical Center, among others. The case number is 200700471.

The jury issued its verdict on June 27, finding Londergan, Einstein and others liable for negligence, invasion of privacy and breach of confidentiality.

“Although nothing can ever undo the negligence this child suffered, this was a landmark ruling by the jury ensuring that patient privacy is always protected,” said plaintiffs’ attorney Tom Bosworth.

“We’re so grateful the jury acknowledged all that our daughter has gone through since the day she was born. Our daughter suffers from permanent birth injuries due to negligence, and, to make matters worse, her privacy was violated by someone we should have been able to trust,” added mother Alexandra Wolfson.

According to the complaint, after the botched birth, Londergan, the midwife who delivered the child, traumatized the parents even further by violating their privacy after she posted a picture of the newborn’s misshapen head on her personal Instagram page with the headline, “Jellybean head, courtesy of malpresentation (brow and OP),” along with additional personal information about the birth that elicited numerous inappropriate comments such as “Poor kid! Window? and “Mack truck pelvis?” and “Oh ouch.. poor baby.”

Londergan’s unauthorized reference to “malpresentation (brow and OP)” refers to two separate abnormalities that can occur during birth with the presentation – i.e. position – of the fetus during the birth process.

None of the healthcare providers detected either the brow or OP positioning abnormalities during the labor and delivery, according to the lawsuit. The family’s medical experts found that this resulted in the baby’s head and skull being repeatedly crushed and compressed with every contraction.

The child’s parents never consented or agreed to the midwife, Londergan, sharing private information about their child.

The first trial ended in a mistrial in early September due to legal technicalities.

** The lawsuit and visuals for media use can be found HERE **

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Tom Bosworth of Bosworth Law focuses on representing catastrophic injury victims, representing those harmed by dangerous consumer products, dangerous medical devices, medical malpractice, and more. In 2022 he became the youngest attorney in Pennsylvania history to obtain a verdict greater than $10 million for a living patient in a medical malpractice case.

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SOURCE: Bosworth Law

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First comprehensive sell-side report on TRNR cites more than 800% growth in expected 2025 revenue

Valuation driven by stock-for-stock M&A model and potential crypto-treasury upside

AUSTIN, TEXAS / ACCESS Newswire / July 9, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the Wattbike, CLMBR and FORME brands and pending acquirer of Sportstech, today announced that Maxim Group LLC, a leading New-York-based investment bank, has initiated equity research coverage on TRNR with a “Buy” recommendation and a price target of $15.00 per share, based on its independent assessment of the Company’s potential operating performance and valuation relative to peers.

The inaugural report was authored by Thomas Forte, CFA, Managing Director & Senior TMT Analyst, following several months of due diligence on TRNR’s specialty-fitness roll-up strategy and AI-focused Digital Asset Treasury Strategy. Forte wrote in the 12-page initiation note that:

“Interactive Strength’s acquisition of Wattbike and the pending purchase of Sportstech take the company to a much larger scale for sales and adjusted-EBITDA earnings potential. We expect revenue to ramp from $5.4 M in 2024…to $105 M in 2026, and we are initiating coverage with a Buy rating and a $15 price target.”

Trent Ward, TRNR Co-Founder & CEO, commented that “Maxim Group’s coverage marks our entry into the formal sell-side research ecosystem and validates the increased investor interest we’re seeing in TRNR. Analyst coverage is often the first step toward greater liquidity and more appropriate valuation for emerging public companies, and we’re pleased to have a seasoned TMT analyst recognize the strength of our model.”

Highlights from Maxim’s initiation

• Buy rating; $15 target – implies ~130 % upside from the July 8th, 2025 closing price.

• Key drivers: Wattbike & Sportstech contributions, margin expansion as scale builds within a large and growing addressable market, and upside optionality from the AI-focused $FET Digital Asset Treasury Strategy.

• Catalysts: Sportstech closing, international expansion, new partnerships and corporate wellness offerings.

Access to the report

Maxim Group research is available only to the firm’s clients. Interested investors should contact their Maxim Group sales representative directly or reach out to ir@interactivestrength.com in order to be introduced in order to access the report.

TRNR Investor Contact
ir@interactivestrength.com

About Maxim Group

Maxim Group LLC is a full-service investment bank and wealth-management firm headquartered in New York City, providing a range of financial services to emerging-growth companies and institutional investors. The firm is a member of FINRA, SIPC and Nasdaq.

About Interactive Strength Inc.:

Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).

CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR’s design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.

FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company’s connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.

Forward Looking Statements:
This press release includes certain statements that are “forward-looking statements” for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue”, “will likely result” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the comments made by the Maxim analyst, including, achieving a $15 share price, more than 800% growth in 2025 revenue, having potential crypto-treasury upside, completing the pending acquisition of Sportstech, achieving much larger scale for sales and adjusted-EBITDA earnings, achieving revenue of $105 million in 2026, as well as having increased investor interest, greater liquidity and more appropriate valuation in the future or the relative strength of the Company’s business model, margin expansion and growing addressable market. The reader is cautioned not to rely on these forward-looking statements.

These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.

# # #

SOURCE: Interactive Strength Inc.

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Certidox releases a major update to its free mobile app, adding AI-powered QR code analysis to detect phishing and fraud. The platform lets users instantly verify the origin, status, and authenticity of documents – printed or digital – without storing any data. Built on a patented, open-source encryption architecture, Certidox is available now on App Store and Google Play.

CHICAGO, IL / ACCESS Newswire / July 9, 2025 / Certidox, the patented document verification platform developed to combat fraud, fake documents, and phishing scams, has just launched a major update to its mobile app, now available for free on the App Store and Google Play.

With this new release, Certidox introduces AI-powered QR code analysis, enabling users to instantly detect whether a QR code redirects to a legitimate source ora potentially harmful link – before clicking.

In an age where forged diplomas, fake press releases, phishing attacks, and counterfeit invoices are just one scan away, Certidox offers a real-time, privacy-preserving, and serverless solution.

The Certidox app verifies not only the authenticity, origin, and status of a document, but now also flags suspicious QR codes that could lead to scams or data breaches.

“QR codes are everywhere -and they’re being weaponized. Scanning them without context is a growing cybersecurity blind spot. Certidox solves that,” says Rémy Eisenstein, founder of Certidox and head of SYMEX ECONOMICS SA.

How Certidox Works

• If the scanned QR code was issued via Certidox, the app displays the official source, the current statusof the document (active, revoked, or expired), and proof of authenticity.

• If the QR code is from an unknown source, Certidox uses AI to analyze the URL, identify the domain, and alert the user in case of phishing, redirect fraud, or malicious behavior.

Built on a patented end-to-end encryption architecture, Certidox never stores any document or encryption key in plain text. All verifications happen instantly on the user’s device – with no third-party trust, no cloud decryption, and no data collection.

Certidox is already being adopted across higher education, finance, and legal sectors as a reliable solution for verifying diplomas, proxies, certificates, press communications, and other sensitive documents.

A Safer Future, in a Single Tap

“With Certidox, users don’t just scan. They verify. They decide,” adds Eisenstein. “It’s fast, open source, secure – and you stay in control at all times.”

Certidox is available today for free, with no registration required.

• App Store (Apple): https://apps.apple.com/us/app/certidox/id1441627220

• Google Play(Android): https://play.google.com/store/apps/details?id=com.tokeneconomics.android.certidox

Book a free demo: https://calendly.com/certidox

Press Contact

Remy A. EISENSTEIN -remy@certidox.com
+1 (630) 895-4089
https://certidox.com

SOURCE: Certidox

View the original press release on ACCESS Newswire