Over-C Announces £1m Investment From Ayre Ventures; Will build insurance industry-focused blockchain-based risk solutions on BSV Blockchain
ST. JOHN’S, Antigua and Barbuda, March 7, 2023 /PRNewswire/ — Over-C Limited, the leading property management software platform, delivering live operational risk data and analytics using machine learning and IoT to predict and prevent future events, is pleased to announce that it has secured £1m in an equity investment from Ayre Ventures. Over-C founder and CEO Michael Elliott said: “we are delighted to welcome Ayre Ventures as a key investor and shareholder and to have Ayre Ventures CEO Paul Rajchgod join our board”.
Over-C is leading the way in the risk management arena with the use of blockchain technology, which simultaneously addresses the challenges of scalability, single points of failure, timestamping, privacy, trust and reliability. This will enable peer-to-peer contractual behavior without any third party needing to certify operational and IoT transactions, and doing so on industrial and enterprise scales is only possible on the BSV Blockchain.
Mr. Elliott added “Our use of the BSV Blockchain will significantly benefit the insurance industry; insurers will be able to automate the entire ‘First Report of Loss’ interaction directly from an incident site via a two-way, automated conversation secured by blockchain. Well, Over-C creates a reliable, tamper-proof, industry-wide record to defend potential claims, while reducing fraud by eliminating data silos and paper processes.”
Ayre Ventures founder Calvin Ayre said: “From day one of my blockchain journey, my focus has been on utility and Bitcoin SV is the only protocol that puts utility first. Over-C epitomizes the type of utility-focused company that will benefit from exploring BSV’s unmatched capacity for immutable data storage. I am delighted to support Michael’s team and I look forward to them showing the world that BSV can serve as a reliable source of both trust and truth.”
About Over-C Limited
Over-C is the telematics answer for monitoring employee operations live. Over-C provides a digital platform to high-traffic, high-risk venues that reduces costs for operators and losses for insurers, giving them full transparency, trust and control over frontline activities. Our intelligent platform enables real-time decision-making in the areas of risk management, compliance and customer experience. Partners include Hitachi, ScotRail, Eli Lilly, Savills, Munster Rugby and Belfast Airport.
About Ayre Ventures
Ayre Ventures, founded by a renowned entrepreneur and philanthropist Calvin Ayre, provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem, the only infinitely scalable public enterprise blockchain. The group targets investments in innovative ideas and ambitious projects that are “positively disruptive”, and supports their expansion with the group’s extensive network and industry partners.
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SOURCE Over-C Limited
