Brand Engagement Network Announces Private Placement And Promotion Of Paul Chang To Co-CEO
–News Direct–
By Anthony Termini, Benzinga
Brand Engagement Network (BEN) (NASDAQ: BNAI), creator of a conversational AI technology that develops human-like AI and AI Avatars for personalized customer engagement, recently announced the completion of a private placement from an investor group comprised of exiting investors that raised nearly $5 million in new funding.
The deal also lines up more than $3 million in additional commitments from the investor group. According to the chairman of BENs board of directors, Chris Gaertner, the new investment will help the company execute on its growth and revenue strategies.
Gaertner went on to say that this represent[s] a powerful vote of confidence in our strategy from our board, executive team, and our existing investors.
BENs Executive Team Exp...