Hard work pays off! We are proud to announce that RAYVN is now better positioned than ever before. We are expanding our presence in several markets globally. RAYVNs business value has grown from $9.5 million to $16.5 million during the COVID-19 pandemic with a new capital investment by DSD AS and Investinor. It has been a momentum performance driven by our team's hard work, the strong demand for our platform, and the investments in our product.
The Norwegian financial newspaper Finansavisen recently highlighted the investment. Investors have spotted interest in RAYVN, developing a user-friendly and flexible solution for critical events management.
RAYVN will use the new capital investment to ramp up the activities in markets in the United States, Canada, and Europe.
Also, RAYVN will continue to develop more functionality to provide the best solution out there for our customers. We will continue to listen to our users' needs and add even more usability to our customers' platform.