The Future of Cybersecurity Has Arrived: reAlpha Invests in Revolutionary AI-Powered Solution

DUBLIN, Ohio, Sept. 30, 2024 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (NASDAQ:AIRE), a real estate technology company developing and commercializing artificial intelligence (AI) technologies, has made a groundbreaking investment in Xmore AI, a company pioneering the use of AI-driven cybersecurity solutions. This strategic move marks the first investment from reAlpha's newly launched reAlpha AI Labs, a research and development initiative dedicated to accelerating the development of AI technologies and advancing technology innovation in the real estate industry.

Xmore AI, co-founded by Dr. Benjamin Yan, a Professor of Computer Science and Engineering at Michigan State University, and Adrian Self, a seasoned cybersecurity professional with extensive experience in blockchain security and embedded systems, has developed a cutting-edge platform that consolidates multiple cybersecurity tools into a seamless, AI-driven solution. This innovative technology enables enterprises to operate securely in a rapidly evolving digital environment, mitigating the risks associated with the rapid expansion of AI across industries.

The investment in Xmore AI is a significant milestone for reAlpha AI Labs, as it signifies the company's commitment to advancing AI technologies and driving innovation in the real estate sector. Mike Logozzo, President and Chief Operating Officer of reAlpha, emphasized the broader impact of Xmore AI's technology, stating that it aligns with reAlpha's vision to create an environment where innovative AI startups can thrive.

Logozzo further highlighted the potential of Xmore AI's technology to enhance the security and scalability of reAlpha's AI homebuying platform, as well as its recently acquired portfolio companies, including Naamche, Hyperfast, Be My Neighbor, and AiChat. This marks a significant step forward in reAlpha's mission to revolutionize the real estate industry through the strategic application of AI technologies.

Vinayak Grover, Associate Vice President of AI Labs at reAlpha, praised Xmore AI's innovative approach to cybersecurity, stating that the company represents the next generation of forward-thinking innovation reAlpha aimed to collaborate with when launching reAlpha AI Labs. Grover emphasized the critical role Xmore AI's expertise in cybersecurity, particularly for AI operations, will play as AI becomes increasingly integrated into enterprise systems.

In addition to bolstering reAlpha's AI homebuying platform, Xmore AI is developing software designed to consolidate multiple cybersecurity tools, providing AI-cybersecurity solutions to enterprises across various industries. At the core of Xmore AI's innovation lies its ability to address the unique vulnerabilities created by the rapid expansion of AI, including data privacy, compliance, and risk management.

According to Dr. Yan, co-founder and Chief Executive Officer of Xmore AI, it is essential for cybersecurity to evolve alongside AI as it becomes increasingly integrated into business operations. Dr. Yan believes that Xmore AI is well-positioned to address critical challenges in the cybersecurity landscape, providing innovative solutions that cater to the evolving needs of the industry.