Ynvisible Interactive Inc. strengthened its Advisory Board with the addition of Seda Evis, a business, user-centered design and finance leader.
By uniting business expertise, research talent, and financial resources, Ynvisible aims to build innovative solutions and technology standards that provide an easy visual interface for the Internet of Things (IoT).
Evis is joining the Ynvisible Advisory Board as Ramin Heydarpour has joined the Ynvisible Board of Directors as of December 2020.
Evis joins Mitchell Huang, Adam Laubach, Dr. Rudi Leuschner, Sal Pellingra, and Tiffany Vasilchik, Dr. Michael Okoroafor, Dr. Harlan Byker, and Dr. Harri Kopola on the board.
“Ynvisible’s ability to return shareholder and customer value hinges on our Customer Experience (CX) and our capacity to rapidly and iteratively build, measure and learn around our products and services,” said Michael Robinson, COO of Ynvisible. "A robust CX practice has been shown to deliver double- and triple-digit ROI. Seda Evis brings a wealth of customer-centered insight that I’m very excited to integrate to support our continued growth in 2021 and beyond.”
Evis is an award-winning business leader, designing new products, services, businesses that spark change for Fortune 500 companies such as Amazon, Nike, Toyota, Philips, GE and Herman Miller. Seda is a designer-in-residence at the University of California San Diego’s DesignLab, led by Don Norman. She’s also an incoming board member at Design Forward Alliance, a non-profit that promotes human-centered design as a tool to help advance San Diego as a premier city for business, education, and enjoyment.
Ynvisible announces that it will be closing, subject to acceptance by the TSX Venture Exchange, a non-brokered private placement of 12,857,142 units of the company at $0.35 per unit to raise gross proceeds of $4,500,000, whereby each unit shall consist of one common share in the capital of the company and one-third (1/3) of one share purchase warrant. Each whole warrant, subject to an acceleration provision, will be exercisable into an additional share at an exercise price of $0.50 for a period of 18 months from the date of issuance.
“We are very pleased with the interest in our financing and to see several institutional investors investing into Ynvisible,” said Jani-Mikael Kuusisto, CEO of Ynvisible. “This private placement, pending closing, combined with the recent exercises of warrants, is set to strengthen our cash position by more than $5 million. This significantly increases our runway and allows our team to further accelerate our business with more resources for customer delivery and customer service, plus an increased focus on building and monetizing our products business.”
