The RAD AI family is sad to see the turmoil at Silicon Valley Bank (SVB) over the last 3 days. As most everyone is aware by now,  The FDIC has announced they are covering all deposits, no matter what the amount.

Even with this announcement - anyone who banks with SVB should be understandably concerned about access to their deposits and managing cash flow.  

That said, I want to be sensitive to what others may or may not be dealing with and it should be noted - I am only speaking from the RAD AI perspective below. 

So here's where we stand.

1) RAD AI does not have any financial risk/exposure with SVB closing down.

2) As a rule, our cash/operational funds are distributed between multiple accounts - this measure has been in place since we merged with Atomic Reach. 

In short...

Aside from the time spent navigating the issue.  RAD has never been healthier.  Our funds have always been safe as a result of the risk mitigation measures we have in place.

To this point – RAD AI is growing, closing deals and we remain highly focused on servicing the demand of our product, clients and platform.

Personally, my thoughts are with anyone that might have been negatively impacted by the SVB sudden closure.  As always, any shareholder with questions should feel free to reach out to me directly - jeremy@radintel.ai

Otherwise we are heads down doing what we do - which is focusing on growth.

Jeremy B