Crowdfunding Campaign Receives Boost From World Economic Forum Status

Digital Twin market leader Cityzenith has been chosen to be part of the World Economic Forum’s (WEF) Global Innovators community to support Cityzenith’s mission to decarbonize US cities.

Cityzenith has raised $10 million since inception and is currently on a $15 million Regulation A+ crowdfunding raise.  Since the beginning of 2021, Cityzenith’s share price has seen a 161% increase in share price value and $4.6 million in new recurring contract revenue since the start of 2021, as well as adding over 5000 new investors in the process. Retail and accredited Investors are able to invest directly via the company’s website as part of its Regulation A+ crowdfunding campaign.

Cityzenith also expects to be one of the first US tech companies to trade on the secondary share market via a fully regulated Alternative Trading System (ATS) with Rialto Markets.

This investment raise is further boosted with the news about the companies World Economic Forum status.  The WEF’s Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public-and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency. There are over 140 community members across 15 different countries.

Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues. ‘Shaping the Future of Energy, Materials, and Infrastructure’ is one of the seventeen platforms which focuses on bringing together industry leaders from electricity, oil and gas, mining and metals, chemicals, and construction.

The latest participant to join this platform is Cityzenith, whose SmartWorldOS™ software platform can create virtual replicas of buildings and urban areas to track, manage and optimize carbon emissions and minimize environmental damage.

The US company’s tech is deployed in multiple international megaprojects, including a substantial ground-breaking decarbonization energy scheme for US cities.

Cityzenith CEO Michael Jansen said, “Our partnership with the World Economic Forum gives us a platform to have our voice heard, spread our message, and take advantage of more opportunities.”

“WEF recognized that our technology and insight had a role to play in combating Climate Change, and now we can go further in helping governments and countries to decarbonize cities worldwide.”

Chicago based AI tech company Cityzenith are the newest invitee to join the prestigious World Economic Forum

The partnership’s catalyst was Cityzenith’s ‘Clean Cities – Clean Future’ campaign as part of the ‘Race to Zero’ movement. Cities worldwide generate 70% of global carbon emissions (source: UNHabitat) and Cityzenith believes its SmartWorldOS™ can help building and property asset management groups, city planners, and developers move to carbon neutrality in the next ten years.

Cityzenith CEO Michael Jansen said at the launch of the ‘Clean Cities – Clean Future’ initiative:

“We have to help the most polluted urban centers become carbon neutral, and we plan to do this by donating the company’s Digital Twin platform SmartWorldOS™ to key cities, one at a time, after every $1m raised. We’re able to do this because of the recent surge of investment as part of our $15m crowdfunding raise.”

The World Economic Forum also partners with leading organizations that push change forward, like the International Renewable Energy Agency (IRENA), an intergovernmental organization supporting countries in their transition to a sustainable energy future.

President of the World Economic Forum Børge Brende believes IRENA’s partnership with the Forum is “an important step in strengthening the mission of our organizations” adding:

“It brings together the knowledge, insight and innovation expertise of IRENA with the Forum’s global network to ensure these higher commitments are realized in the near term.”

Significant investment funds such as The Carlyle Group, Equinor, and the Canada Pension Plan Investment fund (CPP) have also partnered to offer a potential investment into promising climate solutions.

CPP President and CEO Mark Machin see the benefit and importance of investing now to protect the planet:

“We at CPP Investments are trained to dig deep into both risks and opportunities. Climate Change offers both.”

“None of these efforts are cheap, but they are an investment in society’s future. And, as we’ve learned from the current crisis (COVID-19), the cost of being underprepared when catastrophe strikes can be far higher.”

If you would like to hear more from Cityzenith CEO Michael Jansen, you can listen to him directly in an upcoming FREE investment webinar. To learn more about Cityzeith’s AI software platform, SmartWorldOS™, and its ability to create virtual replicas of buildings, cities and infrastructure to track, manage and optimize carbon emissions to minimize environmental damage, visit our webinar page here to find out when the next event is taking place and to register.

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The Company is offering shares of common stock at an offering price of $1.50 per share for gross proceeds of up to $15,000,000 on a “best efforts” basis and up to 3,781,834 shares of common stock and shares of common stock underlying warrants and options on behalf of selling shareholders. The shares being offered for resale by the selling shareholders consist of 3,871,834 shares of common stock held by 152 shareholders.  The selling shareholders will only participate in the offering after the Company has sold $5,000,000 in shares of common stock in this offering.  Once the Company reaches this threshold, the Company will sell the 3,781,834 resell shares being sold by selling stockholders on a pro rata basis with the shares being sold by the Company. For additional information, see the section of the offering circular titled "Selling Shareholders" HERE.

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