AI Capital LLC and XnFinity, Lda. Announce International Partnership

Artificial Intelligence (AI) Is Essential to Digitization of SocietyPandemic Driving AI Solutions for the Betterment of SocietyBOULDER, Colorado and VIANA DO CASTELO, Portugal, May 21, 2020 /PRNewswire/ --A AI Capital LLC, ("AICap") an enterprise applied artificial intelligence-focused (AI) venture capital firm, and XnFinity, Lda.A ("XNFY"), a Portugal-based innovation Lab and incubator of software and innovative solutions, have announced a strategic partnership to initially collaborate on initiatives in the startup ecosystem for AI in hybrid and online retail.The pandemic has put a premium on technology that supports agility in the creation, provision, distribution and delivery of societal needs and critical goods such as food, medicines and medical supplies and critical services such as mental and physical healthcare. The longer-term trend will be that societal benefit, flexibility and adaptability will be emphasized in technology adoption. AI will be a critical component of that trend. Hybrid and online retail will be essential to the distribution and delivery of critical goods to society.XNFY and AICap's collaboration will focus on delivering resources to young AI companies that will help create the new digitized society. These companies will help transform economies in a way that provides practical benefit rather than superficial convenience. A number of initiatives designed to encourage economic growth, implement AI solutions and foster multinational investment funds to invest in early-stage solutions will be incubated and accelerated by the XNFY Lab and its shared resources. XNFY Lab will give AICap unique access to its ecosystem for purposes of mentoring and longer-term investment, as well as prioritize AICap's portfolio companies to be included in the solutions portfolio for XNFY's industry partners' adoption.
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