Phunware Expands Into AI-Driven SaaS With New Platform; Plans Mid-2025 Launch Of AI-Based Platform For App Design And Monetization
Portfolio Pulse from Benzinga Newsdesk
Phunware, Inc. (NASDAQ:PHUN) is expanding into AI-driven SaaS with a new platform for app design and monetization, targeting a mid-2025 launch. The company aims to leverage generative AI to simplify mobile app creation, reduce costs, and enhance user engagement. Phunware has seen significant growth in bookings and plans to expand its digital advertising and voter engagement businesses.

October 16, 2024 | 12:06 pm
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Phunware is launching a new AI-driven SaaS platform for app design and monetization by mid-2025, aiming to simplify app creation and reduce costs. The company has seen a 939% increase in bookings and plans to expand its digital advertising and voter engagement businesses.
Phunware's announcement of a new AI-driven SaaS platform indicates a strategic shift towards leveraging AI for app design and monetization, which could enhance its market position and drive revenue growth. The significant increase in bookings and expansion plans in digital advertising and voter engagement suggest positive momentum for the company. These developments are likely to positively impact Phunware's stock price in the short term.
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