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Bodegas Are The New Frontier For Underbanked Communities – OLB Group Leading The Charge

Benzinga

By Faith Ashmore, Benzinga Millions of Americans are living on the periphery of society. More than 1 in 10 Americans have no checking or savings account or, in other words, are unbanked. In 2023, 13% of Americans were defined as underbanked, meaning that they had some type of bank account but regularly used alternative financial services. Unsurprisingly, this phenomenon is affecting young people disproportionately with over half of the underbanked being millennials. For a generation that is constantly in the headlines for not being able to afford houses, struggling in the job market and generally fighting to make ends meet, this is a huge area of concern and an opportunity for some companies. Being unbanked or underbanked presents major challenges for individuals, as it limits their ability to securely store and manage their money, access credit and receive payments efficiently. Without a bank account, individuals often have to rely on alternative financial services with high fees and interest rates, making it difficult to save or invest in their future. Unbanked or underbanked individuals subsequently turn to their communities for support in lieu of traditional banking institutions. Bodegas and neighborhood convenience stores have historically been on the frontlines of these struggles because of their access to these communities and the ability of small businesses to provide alternative support. Serving Unbanked Communities OLB Group (NASDAQ: OLB) is leveraging local communities and bodegas to extend support to unbanked and underserved communities. With a digital commerce platform known as Point of Banking (POB), the company is catering to the needs of over 10,200 merchants across the country. The POB platform is gaining recognition as a potential disruptor in the fintech sector by specializing in serving the unique requirements of the underbanked population. At the heart of POB's mission is the commitment to transforming financial services for bodegas and other small-scale businesses, particularly benefiting the unbanked and underbanked communities. By offering a comprehensive array of products and services, POB aims to bridge the gap between traditional cash-only operations and the digital financial landscape, empowering local businesses to provide diverse financial services to their customers. The company already has in place a working relationship with approximately 2,000 bodegas throughout the country and that network continues to expand. With these bodegas, POB facilitates the issuance of physical and digital prepaid cards and enables cash-loading services, online product purchases, bill payments and EBT services. The company is currently working on future initiatives like cash withdrawal, money transfer services and even micro-loans. This strategic focus on local partnerships and innovative financial solutions underscores the company’s dedication to fostering financial inclusion and accessibility for underserved populations while increasing company revenues and profitability. The company has also acquired other companies to help advance its mission. In June 2023, OLB acquired a controlling interest in black011.com, which encompasses Black Wireless and Mango Mobile. This strategic acquisition enabled the company to offer a Point of Sales (POS) system to customers so they can purchase products and seamlessly reload mobile phone minutes without needing a bank account or credit card. By expanding services to more underbanked communities and small businesses, the company can address a critical market need and contribute to financial inclusion. OLB is also working on integrating new technologies like blockchain and AI in order to democratize banking for millions more Americans. OLB’s collaboration with bodegas around the country could provide opportunities that have been previously out of reach for many and, concurrently, provide a huge new market for additional sources of revenue for OLB Group. Featured photo by Robinson Greig on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 10, 2024 08:20 AM Eastern Daylight Time

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Polkadot's and Chainlink's liquidation increases as backers eye Raboo (RABT) as their next move

Total Media

As Polkadot's and Chainlink's liquidation surges, investors are turning their attention to the promising prospects of Raboo (RABT). With a level 2 token presale price of just $0.0036 and projected to surge 100x in 2024, Raboo presents an enticing opportunity. Moreover, its impact on the $62 billion meme market further adds to its appeal. Join us as we explore the potential of this new crypto and its implications for the ever-evolving digital asset landscape. Unveiling Polkadot (DOT): Empowering Interoperable Blockchain Solutions Polkadot (DOT) offers a robust set of features that position it as a leading player in the blockchain space. Its innovative design facilitates interoperability between different blockchains, allowing for seamless communication and data transfer. Polkadot's unique consensus mechanism, known as Nominated Proof-of-Stake (NPoS), ensures a secure and efficient network while enabling token holders to participate in governance decisions. Moreover, Polkadot's scalable architecture accommodates the needs of both developers and users, fostering a vibrant ecosystem of decentralized applications (dApps). With its focus on scalability, interoperability, and governance, Polkadot empowers users to build and connect decentralized systems, making it a cornerstone of the next generation of blockchain technology. Fortifying Trust: Chainlink's Security Features Unveiled Chainlink (LINK) is renowned for its robust security features, ensuring the integrity and reliability of its decentralized oracle network. With its decentralized architecture, Chainlink eliminates single points of failure, mitigating the risk of data manipulation or tampering. Additionally, LINK employs a unique consensus mechanism known as a "Schelling point," which relies on multiple independent nodes to verify and validate data, enhancing trust and accuracy. Furthermore, Chainlink's reputation system incentivizes node operators to provide accurate data feeds by rewarding good behavior and penalizing bad actors. Through these measures, Chainlink maintains a highly secure and resilient oracle network, safeguarding the integrity of smart contracts and enabling secure data transmission across various blockchain platforms. Raboo (RABT): Unleashing Memetic Prosperity Investors are flocking to Raboo (RABT) for its innovative approach to meme culture and promising investment opportunities. With Raboo's Post-to-Earn platform, meme enthusiasts can monetize their social media content, tapping into a lucrative market previously untapped. Analysts predict a staggering 233% growth during presale and a potential 100x increase on launch day, highlighting the immense growth potential of Raboo. Moreover, its unique tokenomics framework offers an exhilarating adventure through meme culture, i ncentivizing users with fun-filled activities and rewarding engagements. Raboo boasts a fully audited contract on the Ethereum blockchain, ensuring reliability and security. This meticulous auditing process provides users with confidence in the platform's integrity and minimizes the risk of vulnerabilities or exploits. With a transparent and secure foundation, Raboo aims to build trust and establish itself as a reputable player in the cryptocurrency ecosystem. With the combination of meme culture integration and lucrative investment prospects, Raboo emerges as a top choice for investors seeking both entertainment and significant returns in cryptos. Conclusion As Polkadot's and Chainlink's liquidation increases, investors are turning to Raboo (RABT) as their next move. Positioned as a promising new crypto, Raboo offers innovative features and enticing opportunities, attracting backers seeking to capitalize on the liquidation trend and explore new investment horizons in the crypto market. You can participate in the Client's presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 09, 2024 06:34 PM Eastern Daylight Time

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ARway.ai announces multiple new deals as company sees 200% developer growth

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil two new Software as a Service (SaaS) developer deals with prominent companies in Saudi Arabia and Spain. These agreements underscore ARway.ai's dedication to advancing spatial computing across diverse sectors and applications, solidifying its status as a frontrunner in augmented reality (AR) technology integration. Gappelberg highlighted to Proactive that ARway.ai has surpassed 3,700 subscribers, achieving a remarkable 200% quarter-over-quarter growth in developer deals with a total of 58 secured agreements. Additionally, the company experienced a 100% increase quarter-over-quarter in partner deals, with a total of 7 collaborations established. Furthermore, ARway.ai announced a successful start to its new student plan subscriptions, securing partnerships with universities globally, including University College Cork in the UK and the German University of Technology in Oman. This positive development follows the recent news in March, which saw several student plan subscriptions from institutions such as Bicol University, DHA Suffa University, and the University of Alberta. These collaborations signify a surge in the adoption and acknowledgment of ARway's platform within educational and research contexts, reflecting a growing interest from educators, students, and researchers in the potential of extended reality (XR)/AR technologies. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 09, 2024 11:37 AM Pacific Daylight Time

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Injex Finance Sets New Standard for DeFi Aggregation in Injective Ecosystem

Rev Up Marketers

Injective, a decentralized finance (DeFi) space platform, has introduced Injex Finance, a pioneering solution addressing a critical need in the DeFi landscape. Injex Finance serves as a comprehensive aggregator, seamlessly integrating various decentralized exchanges (DEXes) and optimizing trading strategies for users. By seamlessly integrating offerings from various protocols within the Injective ecosystem, Injex Finance empowers users with access to liquidity and enables them to optimize their trading strategies with confidence. This innovative approach sets a new standard for DeFi aggregation, marking an advancement in the evolution of decentralized finance. With an increasing number of protocols burgeoning within the Injective ecosystem, the need for a comprehensive aggregator has never been more important. Injex Finance tackles the challenge of inefficiently aggregating liquidity across various DEXes for traders in the DeFi space, thereby revolutionizing accessibility and efficiency. Injective Blockchain is witnessing growth as its native token, INJ, skyrockets by an impressive 30x. This achievement underscores Injective's role in driving innovation and reshaping the future of decentralized finance. In conjunction with the launch of Injex Finance, a private sale is now open to retail investors. This allows investors to participate in the early stages of the project poised for success in the rapidly evolving DeFi ecosystem. For more details and to register for the private sale, please visit their official website. About Injex Finance: Injex Finance is a comprehensive aggregator that seamlessly integrates various decentralized exchanges (DEXes) within the Injective Network, optimizing trading strategies and providing users with access to liquidity. Powered by Injex Protocol, Injex Finance revolutionizes DeFi accessibility and efficiency, setting a new standard for decentralized finance aggregation. Contact Details Injex Finance Mr Wentong Wu Contact@injex.fi Company Website https://injex.fi

April 09, 2024 02:12 PM Eastern Daylight Time

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Humanity Protocol: Spearheading Blockchain Innovation with Palm Scan Verification in Emerging Markets

Rev Up Marketers

Humanity Protocol has carved out a distinct niche, in Africa's burgeoning markets, namely Kenya and Nigeria, as well as in Vietnam, Asia's emerging blockchain hub. More than 42’000 NFT members in 100 countries worldwide have already signed up since its beta launch in November 2023. The Humanity NFT Project provides biometric verification and has already initiated a digital identity and economic inclusion initiative that seeks to implement a digital job platform through its native SRS Token. The Humanity Protocol introduces a unique and secure method for verifying the livelihood and uniqueness of its users via palm scans. This state-of-the-art technology employs biometric identity to prevent fraud and duplication, marking a significant step forward for a more secure digital environment. "Central to Humanity Protocol’s vision is the empowerment of individuals by providing them with a digital identity secured on a blockchain", said Mr. Marcus Dukes, President of Humanity International Investments Dukes went on to say "Whether it’s accessing financial services or securing employment in remote villages in Africa, the digital identities fostered by Humanity Protocol are paving the way for a more inclusive digital economy, especially in emerging markets." The pivotal element of Humanity Protocol's ecosystem is the allocation of its native SRS token to verified ecosystem participants and NFT holders. This initiative rewards users and incentivizes participation in various tasks and activities within the platform, effectively creating competitive digital job platforms. "By implementing tasks for tokens, Humanity Protocol is unlocking new economic opportunities for users, particularly in regions where access to traditional jobs and financial services is limited," said Dukes. With the use of SRS tokens, Humanity Protocol's blockchain project drives a comprehensive digital economy in much of the developing world. It enables users to earn through participation, from simple tasks to more complex projects, facilitated by a secure, decentralized platform. This approach democratizes access to employment while pioneering new forms of work in the digital age. The Humanity Protocol is setting a new standard for digital inclusion and security. As it rolls out its second phase, the future looks promising for NFT holders and ecosystem participants, with the SRS token poised to play a central role in this vibrant digital economy. An integral part of Humanity Protocol's vision, supported by Humanity International Investments LLC and backed by His Highness Sheikh Marwan Mohammed Bin Rashid Al Maktoum, involves an ambitious roadmap that encompasses the development of a global job platform, the enhancement of social profiles, gamification and integration with global payment companies. This visionary plan aims to bridge the divide between cutting-edge blockchain technologies and everyday practical applications, offering users across the globe a seamless and enriched digital experience. For further inquiries with Humanity International Investment, please contact: Communications@humanityinvestments.co About Humanity International Investments (www.humanityinvestments.co) Humanity International Investments is a Dubai-based social impact fund, led by His Highness Sheikh Marwan Mohammed Bin Rashid Al Maktoum, dedicated to fostering financial inclusion across Africa. With an expansive network spanning the continent, the organization is committed to bridging the identity gap for the unbanked and the ultra-poor. By collaborating with innovative technology partners, the Humanity Protocol seeks to provide verifiable identities, enabling countless Africans to access financial services, credit, and opportunities for wealth creation. Their vision is not just about creating identities but about empowering individuals to change their futures and have a voice in the global digital community. About The Humanity Protocol (https://app.humanity-protocol.com/index/Welcome) Humanity International Investments is dedicated to nurturing a resilient and sustainable economy in Africa and Asia, emphasizing economic empowerment through the implementation of the Humanity Protocol. This groundbreaking initiative has successfully cultivated a vast global community, encompassing over 42,000 members from 100 countries. This innovative approach is instrumental in promoting economic equity and sustainability, reinforcing our commitment to a stronger, more empowered global community. Contact Details Humanity Investments. Jumal Lewis Communications@humanityinvestments.co Company Website https://humanityinvestments.co

April 09, 2024 01:53 PM Eastern Daylight Time

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Ripple CEO's Claims Crypto Market Will Explode to $5T; Polkadot and KangaMoon Steal the Show

Kangamoon

The Ripple (XRP) CEO recently said that the crypto market value is on track to reach $5T. This has made traders scramble to get into the crypto market. Two altcoins have captured the spotlight in this space - Polkadot (DOT) and KangaMoon (KANG). While you may be familiar with DOT, KANG is a Stage 5 presale star that may surge by 50x in 2024. Ripple (XRP) CEO: Crypto Market To Double in Size The CEO of Ripple (XRP), Brad Garlinghouse, predicted that the cryptocurrency market's cap could exceed $5T before the end of this year. In an interview with CNBC, the Ripple CEO cited macroeconomic factors such as the first US Bitcoin spot ETF and the upcoming BTC halving event as reasons for this growth. The Ripple crypto value has fluctuated between $0.62 and $0.60 in the past 30 days alone. Its market cap fell from $34.10B to $33.40B during that time. However, the technical analysis for Ripple paints a bullish picture. For instance, there are 25 green technical indicators for this altcoin. Due to all this bullish Ripple news, analysts foresee a growth to $0.87 within Q2 of 2024. Polkadot (DOT): Active Addresses Reach 600K – a New Record Meanwhile, Polkadot (DOT) is another altcoin that has been making headlines. In other words, Polkadot recently announced that its activity continues rising. For example, there are now over 600,000 on-chain active addresses on the Polkadot blockchain. This Polkadot news may trigger a rally for this crypto, which has grown in value from $6.21 to $9 over the past 12 months. Its market cap surged from $7.30B to $12.68B in that period. Additionally, the Polkadot crypto trades above its 50 and 100-day EMAs. As a result, experts in the crypto field predict DOT will hit $12.84 before Q2 of 2024 ends. KangaMoon (KANG): To Top the Best Altcoin List Amid Ripple and Polkadot gaining traction, KangaMoon (KANG) has emerged as one of the best altcoins to buy. This rising presale star has already raised over $4.4M, and projections hint at a growth to $5M before April 2024 ends. Not only that, it has already provided early buyers with a 290% ROI—a stellar performance for a presale. This altcoin's long-term growth potential is stellar since it will tap into the P2E gaming sector, which has been projected to reach $885M. KangaMoon is getting ready to introduce a P2E game where its native token, KANG, will be the main in-game currency. KANG holders will access weekly, monthly, or quarterly challenges and earn more tokens or in-game assets. Another exciting aspect of KangaMoon is its community-driven focus. For instance, KangaMoon will give the most active community members free KANG before its launch. Therefore, over 20,000 registered community members now like and share KangaMoon's social media posts. Currently, this altcoin costs just $0.0196 as it is in Stage 5 of its presale—a big increase from its starting price of $0.005. If things keep on going up, analysts expect a 50x surge once KANG is listed on a Tier-1 CEX in Q2 of 2024. Due to all these reasons, KANG is one of the best altcoins to watch in 2024. Will KangaMoon Surge Faster than Ripple and Polkadot? KangaMoon can potentially surge ahead of other altcoins like Ripple and Polkadot. This is because KANG has a low market cap of $19.6M, which means it requires way less money for its price to increase. If you are interested in this altcoin, follow the links below and get a 10% bonus. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 09, 2024 11:00 AM Central Daylight Time

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MYBUNDLE DATA SHOWS BUNDLING STREAMING CREDITS WITH BROADBAND REDUCES STREAMING SERVICE CHURN BY UP TO 50%

MyBundle

MyBundle, the premier online platform connecting consumers, streaming services and broadband providers, today released company research data indicating that bundling streaming credits with broadband service reduces the first-year monthly churn rate for SVOD streaming services by up to 50% when compared to leading industry research firm Antenna’s reported industry average monthly rate of 8.6%.* For the analysis, MyBundle examined streaming service purchase data from approximately 300 subscribers to Norvado’s 1 Gig fiber PickME Plan Internet broadband service, which includes $20 in monthly streaming credits bundled using MyBundle's innovative Streaming Choice program. After 12 months, the monthly churn rate of streaming services was approximately 4.3% using the same methodology as Antenna’s “State of Subscriptions – Premium SVOD” study from February 2024. Both studies used a weighted average of monthly churn consumers in year one of their respective subscriptions. “The concept of bundling content and connectivity is nothing new to the broader business of media and entertainment, however with this yearlong MyBundle research we now have strong empirical data that bundling streaming purchases with broadband works,” said MyBundle Co-Founder and CEO, Jason Cohen. “New customer acquisition is still important for streaming services, but reducing churn is now a close second priority. It’s still early days for MyBundle’s Streaming Choice, but while the benefit to broadband providers is noteworthy, a potential 50% reduction in streaming service monthly churn is remarkable - a possible game-changer for streaming services.” 21 of MyBundle’s nearly 230 broadband partners are already offering Streaming Choice. Constructed first in 2022 with a flexible approach for its growing broadband partner network, MyBundle’s Streaming Choice program is designed to meet the varied needs and goals of ISP partners, while maximizing consumer satisfaction. Streaming Choice campaigns deployed by MyBundle’s broadband partners are all bundled with an Internet tier offer and include: a) one-time or monthly recurring streaming credits, b) preselected streaming service(s) for a fixed period of time, or c) consumers selecting the streaming service(s) of their choice for a fixed period of time MyBundle offers an integrated billing platform and co-branded streaming video tools and services for broadband and multichannel video providers. Sitting at the cross-section of consumers looking to explore and optimize their streaming service subscriptions, broadband providers looking to deliver choice to current and prospective customers and streaming services looking for efficient ways to reach and retain new customers, MyBundle reduces friction and increases satisfaction for the ever-growing and dynamic streaming video ecosystem. About MyBundle MyBundle is the industry-leading consumer and enterprise platform simplifying streaming TV. MyBundle’s free and easy-to-use tools help consumers discover and manage their streaming service subscriptions, watch free live TV, and find content to watch across their services. Incorporating more than 150 streaming services and partnering with nearly 230 broadband providers serving approximately 13 million customers and growing, the MyBundle platform helps consumers navigate the streaming video world and creates new growth opportunities for programmers and high-speed data distributors alike. *source: Antenna, “State of Subscriptions – Premium SVOD,” February 2024 Contact Details Becker PR for MyBundle Eric Becker +1 303-638-3469 press@mybundle.tv Company Website https://mybundle.tv/

April 09, 2024 10:00 AM Eastern Daylight Time

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Accel leads $20m round in Sprinto as it helps businesses build trust through its compliance and risk platform

Sprinto

Businesses are facing mounting pressure to prioritize security risks and ensure compliance with leading security and privacy standards. Non-adherence can result in loss of business, hefty regulatory fines, and damage to reputation. However, despite the critical importance of these activities, they struggle to build a robust, responsive risk and compliance program due to the amount of manual work involved and the limited availability of resources. Helping businesses to address these challenges, leading automated risk and compliance platform Sprinto is today announcing a $20m funding round. Accel led the series B funding round with participation from existing investors Elevation Capital and Blume Ventures. Including this round, Sprinto has raised $31.8 million to date. Sprinto will use the fresh funds for R&D, with a sharp focus on intelligent automation and AI, and expanding into new markets. To empower businesses in navigating risk and compliance with clarity and confidence, Sprinto has pioneered technology rooted in intelligent automation that eliminates barriers to establishing trust. The platform plugs into a company's processes to create intelligent workflows using AI. By doing so, Sprinto tears down silos and produces a connected view of assets, risks, controls, and compliance. This structured approach enhances security programs, fostering seamless operations and tangible results. Founded in 2020 by Girish Redekar and Raghuveer Kancherla, Sprinto marks their second entrepreneurial endeavor. The company has amassed thousands of customers and extended its reach to more than 75 countries. The co-founders observed first-hand the challenges of dealing with compliance with their first venture Recruiterbox (acquired in 2018). They found it to be tedious, manual, confusing, and costly. Sprinto was born out of this frustration, designed and engineered to help other companies eliminate busywork through intelligent automation, liberating themselves from compliance drudgery and reclaiming time to do business. Girish Redekar, co-founder and CEO of Sprinto, said: “Companies are increasingly dependent on third and fourth parties to provide mission-critical services – from payroll processing to managed web hosting. It’s inevitable that this will expose them to vulnerabilities. They are doing their best to follow best practices for cybersecurity, but less than a quarter of execs believe they are meeting the bar ( Bain & Company ). Compliance serves as a way of seeding good security behaviors that help maintain security while ensuring high operating standards, high service levels, and risks under control. I’ve seen how CEOs are now increasingly engaged in risk and compliance-related projects, transitioning from viewing it solely as a monitoring and reporting mechanism for regulators to recognizing its potential as a driver of growth. Trust is the currency of any business transaction. Removing barriers to establishing trust can hyper-accelerate the GDP growth of B2B commerce. We are committed to building the technology that enables this mission.” Sprinto customer Alessio Panni, Partner and Head of Cloud & Platforms practice at Prometeia commented: "As a leading company in the field of consulting services and software solutions for the financial sector, we firmly believe security and compliance lie at the very heart of our SaaS Cloud offering for risk management and wealth management. Sprinto is our trusted security and compliance platform, enabling us from the early days to enhance protection for our client's assets and to accelerate the path towards secure growth and compliance goals. The Governance, Risk, and Compliance (GRC) market is undergoing unprecedented changes. Total spending reached $54.61 billion in 2023, and it’s expected to climb to $134.86 billion in 2030 (source: Grandview Research ). With its automation-first, intelligent, and adaptive risk and compliance platform, Sprinto is primed to succeed. The founding team and core leadership bring together decades of collective SaaS experience, drawing from diverse backgrounds as former founders, investors, and senior management professionals at companies like IBM, McKinsey, LinkedIn, Tata Consultancy Services, and BrowserStack. Shekhar Kirani, Partner at Accel, commented: “With the proliferation of data across digital platforms, the secular shift to the cloud, and the growing adoption of SaaS tools, information security is gaining central importance in the enterprise. Every company - whether tech-enabled or traditional, large or mid-sized - is increasingly required to comply with standard frameworks and protocols. Sprinto is doing an incredible job of helping companies focus on their core business by making compliance low-touch, automated, and efficient. With a deep understanding of the product and a sharp focus on execution, Sprinto has been on a rare growth trajectory. We are thrilled to partner with Girish, Raghuveer, and their team at Sprinto in their mission to ensure that compliance becomes a driver of growth for businesses,” Ravi Adusumalli, Co-managing Partner, Elevation Capital added: "We are thrilled to deepen our partnership with Sprinto as they continue to disrupt cloud security and compliance. Girish, Raghu, and the team have created a superior and comprehensive product, enabling hundreds of customers to achieve their compliance necessities. Sprinto's reviews and customer feedback are a testament to the product quality, which has enabled the company to grow over twenty times in a highly capital-efficient way since we led their Series A fundraising in 2021." About Sprinto Thousands of ambitious businesses trust Sprinto to streamline and automate their risk and compliance. Sprinto supports all major standard security frameworks, including SOC 2, ISO 27001, GDPR, HIPAA, and PCI-DSS, as well as custom frameworks tailored to your needs. With flexible and intelligent features, including adaptive automation, Sprinto equips businesses with a comprehensive toolkit to navigate cyber risk and regulatory requirements seamlessly, ensuring that compliance and audits never hinder growth. About Accel Accel is a leading global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, BrowserStack, Flipkart, Freshworks, Cure.fit, Musigma, Mensa Brands, Myntra, Swiggy, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. For more information, visit www.accel.com About Elevation Capital Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies in India. Having invested in India since 2002, Elevation has deployed over $2 billion of capital in over 150 companies. The firm announced its eighth pool of capital of $670 million in April 2022. Co-led by Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja, the firm has invested across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech, Gaming, and Deeptech. Elevation Capital has offices in Bengaluru and Gurgaon. For more information, visit elevationcapital.com About Blume Ventures Blume is an early stage venture fund that backs startups with both funding as well as active mentoring. We typically invest in tech-led startups, led by founders who are obsessed with solving hard problems, uniquely Indian in nature, and impacting large markets. Our vision is to be the leading platform that sources, funds, nurtures, and creates value for India's brightest young startups – helping them blume. For more information, visit blume.vc Contact Details Sprinto Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://sprinto.com/

April 09, 2024 09:00 AM Eastern Daylight Time

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From AI To Foodtech, OurCrowd Brings More Opportunities To Investors With Three New Funds

OurCrowd

By Meg Flippin, Benzinga When it comes to transformative, revolutionary technology, AI is high on the list. After all, it impacts everything from how we craft research papers and emails to what we eat. It is also driving unprecedented deal-making with investment dollars pouring into AI and generative AI at a fast clip, with those investments also naturally spilling over into other impacted sectors like foodtech. OurCrowd, the leading global digital investment firm, captures all of those opportunities and more with three popular investment funds: The OurCrowd AI Fund, The OurCrowd FoodTech Fund and OC50 VIII. Through these funds, investors get access to the startups OurCrowd is making bets on in fast-growing markets like AI, foodtech and software-as-a-service, to name a few. Declared Israel’s “most active investor” for the past 10 years by PitchBook, OurCrowd has recorded 63 exits from 440 portfolio companies since its inception in 2013 and is invested in 410 additional companies via partner funds. It has more than 230,000 registered investors from 195 countries among its members. Through the OurCrowd platform, accredited investors can participate in a wide range of deals from individual startups to highly diversified funds, private equity, venture debt and other hard-to-access private market opportunities. OurCrowd gives investors access to multiple funds based on sector, stage, geography or investment thesis. Generative AI Transforming The World The OurCrowd AI Fund is one example of the types of opportunities OurCrowd offers. The $50 million fund seeks appreciation by investing in 20 to 25 AI startups on the OurCrowd platform using AI, generative AI and machine learning to positively impact multiple industries and sectors. The fund is focused on companies developing generative AI across several sectors, including medtech, mobility, agtech, cybersecurity, foodtech, climatech, legaltech and fintech. The fund will also invest in companies that provide AI solutions to support key business categories across technology sectors, including customer operations, marketing and sales, software engineering and R&D. OurCrowd sees a big opportunity for the startups operating in the generative AI space, pointing to ChatGPT to underscore the potential. “Since the release of OpenAI’s ChatGPT in November 2022 the interest in artificial intelligence (AI) and particularly in generative AI has surged. The remarkable success of ChatGPT is a testament to the power of product/market fit,” OurCrowd wrote in its investment prospectus for the fund. “Launched on November 30, 2022, it gained over 1 million users in just 5 days and reached 100M users in just 2 months. This level of mass adoption for a technology product is unprecedented, way outpacing previous tech innovative waves such as the PC (it took Apple 14 years and Microsoft 10 years to attain 100M users), Internet (Amazon – 12 years, Facebook 5 years and Google raised the bar to 1 year), Mobile (Instagram – 30 months and TikTok – 9 months).” To learn more about the OurCrowd AI Fund and to invest, click here. Technology Changing The Way We Eat Foodtech is another area OurCrowd is bullish about and so it has launched the OurCrowd FoodTech Fund. The fund is raising $30 million to invest in 15 to 20 food technology companies offered on the OurCrowd platform. OurCrowd says the foodtech market is booming, with a few areas of the market dominating, including bioengineering alternative proteins, supply-chain optimization, AI-driven smart home cooking products and delivery apps. The OurCrowd FoodTech Fund invests in a wide range of technology companies seeking to tackle the challenge of feeding the world’s fast-growing population while decarbonizing the global economy. Companies in the fund will also address new trends in culinary preferences, as well as lifestyle pressures and sustainability demands among Millennials and Generation Z. OurCrowd knows a thing or two about foodtech, which is what it says makes its fund attractive to accredited investors. The VC firm has invested more than $102 million across 20 foodtech companies worldwide, including Beyond Meat Inc. (NASDAQ: BYND), which had a successful IPO in 2019. Of its investments, nine are in Israel, which is a global leader in the number of alternative protein startups and amount invested, second only to the U.S. OurCrowd says it’s well positioned to leverage Israel’s cutting-edge leadership in the space via its network of entrepreneurs, scientists, third-party funds and dedicated in-house food and agtech incubators in Israel and New Zealand. Moreover, since 2021, OurCrowd has been among the ten most active VCs globally in foodtech, according to PitchBook data. To learn more about the OC FoodTech fund and how to invest click here. VC Access Through OurCrowd’s OC50 VIII Fund With so many startups in AI, foodtech and other areas of technology, it's not surprising that a lot of deal-making is going on. OurCrowd is giving investors access to that via its hyperdiversified OC50 VIII fund. Through the fund, investors get unprecedented broad exposure to the venture capital asset class across technology sectors where OurCrowd professionals have developed particular expertise, geographies where OurCrowd has developed networks of investors and global partners and across all development stages of startup companies from early-stage to pre-IPO. The investments cover several areas of tech including software-as-a-service (SaaS), fintech, medtech and digital health, mobility, cybersecurity and consumer and enterprise hardware. OurCrowd is leveling the playing field with the fund, giving investors access to venture deals long reserved only for institutional investors and elite VCs – offering instant diversification, rapid deployment of funds, earlier distributions and preferential access to the OurCrowd platform’s top deals. To invest in the OC50 VIII fund and learn more about its strategy click here. Beyond AI And Tech OurCrowd isn’t only focusing on AI and food tech, it's also adapting to geopolitical unrest, recently launching the $50 million Israel Resilience Fund. The fund is focused on startups that are directly affected by the Israeli/Hamas conflict or are developing solutions to address the environmental impact, emergency medicine, food security, cybersecurity, media monitoring, reconstruction and other verticals. That fund closed its first round 40 days after announcing, with $13 million in capital commitments. It's one of the fastest-closing venture funds to go from conception to closure and eight actual investments, according to OurCrowd. The fund plans to invest in about 40 companies and has so far helped to unlock more than $100 million in matching funds from other investors and government bodies. For an opportunity to get in early on the Israeli companies making a difference despite the Israeli/Hamas conflict click here. Change is happening at a dizzying pace driven by AI, generative AI and machine learning. Through these funds from OurCrowd, investors get early access to up-and-coming startups that have the potential to be the leaders of tomorrow. Click here to begin investing with OurCrowd. Featured photo by Steve Johnson on Unsplash. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

April 09, 2024 08:45 AM Eastern Daylight Time

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