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AITX makes SAFE investment in developer Circadian Risk

AITX makes SAFE investment in developer Circadian Risk

DETROIT – Artificial Intelligence Technology Solutions, Inc. (AITX) a global source of AI-driven security and productivity solutions and its subsidiary Robotic Assistance Devices, Inc. (RAD) has announced its investment in Circadian Risk, Inc.

Circadian Risk is a developer of risk assessment SaaS that enables security professionals to proactively reduce potential risks to individuals and assets. Their vulnerability assessment tools provide detailed analysis and options for corrective actions for any potential scenarios. “The even closer relationship that is developing between Circadian Risk and AITX will help reshape and disrupt the conventional approach that exists to security and risk analysis” said Michael Martin, CEO of Circadian Risk. “Neither company is satisfied with the current state of the industry, and we are both bringing innovation, experience, and passion to solving age-old issues.”

“We are embarking on our first investment into what should be a mutually beneficial relationship,” said Steve Reinharz, CEO of AITX and RAD. “Circadian Risk has developed the security industry’s most elite risk assessment Software as a Service model. Going forward, there are significant opportunities for collaboration and integration and represents a milestone for both organizations.”

AITX has invested in Circadian Risk via a SAFE (Simple Agreement for Future Equity) an instrument that many startups use to raise capital. “At this time, there are no formal agreements between our two companies,” Reinharz added. “There is certainly the intent to strengthen the relationship with specific projects that may develop in the future.”

AITX’s subsidiary RAD is changing the guarding and security services industry through its broad lineup of innovative, AI-driven Solutions-as-a-Service business model.  “RAD is fundamentally a software company that has developed specialized AI-powered hardware to run its software,” said Mark Folmer, President of RAD. “We are confident that our channel partners and corporate clients will be eager to see the potential outcomes of our collaborations with Circadian Risk in revolutionizing the way security is measured and implemented.”

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