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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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Elixir Energy could have deepest unstimulated gas flow in onshore Australia, east of Perth Basin

ELIXIR ENERGY LIMITED

Elixir Energy Ltd (ASX:EXR) managing director Neil Young joins Proactive’s Jonathan Jackson to discuss a significant gas find at its 100%-owned Grandis project in Queensland, potentially marking the deepest unstimulated gas flow in onshore Australia, east of the Perth Basin. Young shares insights on the discovery and its implications for the Australian gas industry. Situated adjacent to the Wallumbilla gas hub, the Grandis project's Lorelle Sandstone at the Daydream-2 well exhibited an impressive initial flow test, achieving a stabilised rate of 1.3 million standard cubic feet per day, peaking at 2.3 million without stimulation. This achievement is not just a one-off event but a significant indicator of the Taroom Trough's unconventional resource potential. Young expressed enthusiasm about the results, stating that the Lorelle Sandstone is poised to substantially enhance the project's output and economic prospects. He talks us through the stimulation phase to come and hints that this could be the beginning of a new, strategically located gas play in Queensland, which could be crucial in addressing the looming domestic gas shortage. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

April 09, 2024 10:00 AM Eastern Daylight Time

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Leading U.K. Greeting Card Company Moonpig Unveils New U.S. Gift Card Collection

Moonpig

Moonpig, the leading U.K. online personalized greeting card and gift company, today announced the launch of gift cards add-ons, which are printed directly inside the greeting card during the creation process, just in time for Mother’s Day. To shepherd the brand’s efforts of revising and reinventing the antiquated greeting card category with an extensive range of customized options for every occasion, Moonpig’s continues to lead innovation in the $19+ billion greeting card industry. Moonpig’s new feature will now allow customers to add gift cards from partners such as Cheesecake Factory, Sephora, Macy’s, Barnes & Noble, Build-a-Bear, Roblox, Doordash and more, all of which can be printed during card creation. Alongside the launch of other exciting features like audio and video messaging and group cards, Moonpig’s new add-ons will continue supporting the brand’s mission to reach and engage U.S. consumers through the intimate experience of card giving. "With Mother’s Day right around the corner for Americans, we are excited to announce Moonpig’s gift card add-on launch in the U.S,” said Alexander Toft, General Manager, International at Moonpig. “ At Moonpig, we’re all about celebrating those heartfelt life moments and ensuring every card is as unique as the person receiving it. With the launch of this new add-on, Moonpig is continuing to reinvent the category by putting the fun and excitement back into card giving. Since its launch in 2000, Moonpig has been a long-standing leader in the U.K. greeting card market. Recognized for its innovative approach to personalized card giving, Moonpig provides an extensive range of cards and customizable features, with technology at the forefront of the brand’s easy-to-use online platform and app. Packed with fun and savvy add-ons, Moonpig’s intuitive design tools provide a user-friendly process to curate highly-customized cards by incorporating personal touches such as photos, heartfelt messages, stylish designs and templates. This seamless online experience allows customers to easily create the perfect, personalized card with the ability to send anytime, from anywhere - and capabilities to receive it as soon as the next day. Moonpig’s expansion efforts come at a time when the demand for personalized greeting cards is on the rise, especially with Millennials. With Americans constantly seeking out meaningful ways to connect with friends and family, personalized cards have emerged as a popular choice to express individualized sentiments for all sorts of occasions. Moonpig's expansive range of cards caters to a diverse array of tastes and preferences, ensuring that finding the perfect card and gift for every special event has never been easier. Whether it's a birthday, anniversary, holiday, or just because, Moonpig offers a personalized solution for every moment worth celebrating. Moonpig’s personalized cards start at $4.99. To celebrate the launch of the gift card offering, Moonpig is also offering new customers a free standard card (no gift card purchase required), by using code USLAUNCH to redeem at checkout through April 14, 2024. For more information about Moonpig and its U.S. offerings, please visit moonpig.com/us/, or follow on Instagram @moonpigusa. About Moonpig At Moonpig, we’re all about celebrating those heartfelt life moments. You know the ones we mean…the big birthdays, new arrivals, surprise engagements and the just becauses. Big or small, we love them all. And we’re so proud to be the ones helping you connect to the people you care about most. With our ever-growing range of cards and thoughtful gifts we’ve got just the thing to make their day. Combine this with top-notch tech and an app full of fun features, and it’s never been easier to send a card from the palm of your hand and share some love wherever you are. Contact Details Powers PR Alex Wollman alex@powers-pr.com Company Website https://www.moonpig.com/us/

April 09, 2024 09:06 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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Panasonic Connect Expands Solution Suite to Capture, Create, and Deliver Engaging Content

Panasonic Professional Imaging & Visual Systems

Panasonic Connect North America today announced additions to its solution suite to help content producers capture, create, and deliver dynamic content for any production environment from broadcast studios to event venues to meeting spaces. The KAIROS lineup expands with the launch of the AT-KC200L1 core and new additions to the KAIROS Alliance Partners program. In addition, Panasonic Connect introduced the new AW-UE30 PTZ Camera and Media Production Suite software platform. “Content creators are faced with growing audience expectations and rising content needs amid a production staffing shortage,” said Stephen Milley, Director of the Professional Imaging Business Unit at Panasonic Connect. “It has never been more important to equip content teams with easy-to-use technology that meets current production needs while future-proofing workflows. The latest updates to our solution suite are a direct response to this industry demand.” Panasonic Connect’s new solutions include: AT-KC200L1 Main Frame (KAIROS Core 200): In addition to producing content for live TV, production studios need to develop content for streaming platforms and social channels. Live production workflows have also grown more complex as venues incorporate more location-specific displays, engaging video wall content, and LED ribbon displays for a dynamic audience experience. With its user-defined canvas and unlimited MEs, the KAIROS live video production platform has always been ideal for these environments. The AT-KC200L1 allows SDI-centric customers in entertainment venues, rental & staging, and corporate environments as well as broadcast to take advantage of the highly scalable, software-defined video production platform. Supporting SDI workflows today, the AT-KC200L1 also future-proofs productions, opening the door for expansion into IP in the coming years (Available CY2024 2Q). KAIROS Alliance Partners: The KAIROS ecosystem further expands with the addition of new partners and suppliers to the KAIROS Alliance Partners program. Now featuring upwards of 50 partner companies, the latest additions to the program include Drastic Technologies, LAWO, NETGEAR, and Singular.live. These pre-tested partner products ensure that KAIROS integrates easily into a customer-defined production system. AW-UE30 PTZ Camera: Corporate and higher education environments continue to face the challenge of creating a seamless meeting experience for both in-person and remote participants. The AW-UE30 PTZ camera offers enhanced video streaming with 4K/30p images and 20x optical zoom to make remote participants feel as if they are present in person. And the compact design and quiet operation ensures it won’t interfere with the in-person experience. The AW-UE30 also supports easy and efficient operation for professors and corporate presenters who don’t have extensive production experience. It can even be used within an existing USB-based system (CY2024 3Q). Media Production Suite: Panasonic Connect designed Media Production Suite to centralize camera management for small team operations. This unified software platform streamlines camera setup and provides a wide range of features to support high quality video production. For an organization like LiveX that remotely produces comedy shows with SRT technology, the ability to track the subject and their movements without delay and control the PTZ camera operations remotely through a single server reduces equipment operating costs as well. And for rental company Evolve Technology, the auto-tracking capabilities of the PTZ mimic a real camera operator while Media Production Suite allows one operator to control multiple live cameras effectively. Plus, a wide range of plug-ins can be added to the platform, including a Video Mixer plug-in that features AI keying with automatic image recognition to separate people from backgrounds for chroma key-like compositions without the need for a green background (Video Mixer Plug-in available CY2024 2Q). AV-SF10 Software Control Panel for AV-HSW10: Panasonic’s new Software Control Panel allows a networked PC or tablet (Windows/MacOS) connected to an AV-HSW10 Main Switcher to be used for diverse operations and configurations. Switcher functions can be conveniently controlled from a PC or tablet for a simple one-person operation. Functions exclusive to the software control panel, such as sequencing of shot memory, and direct write/replace of still memory, will be possible for more efficient pre-shoot preparation and on-shoot review. Both inputs and outputs can be easily confirmed on the MultiViewer screen for intuitive operation even for operators with minimal experience (CY2024 2Q). Visit us at NAB Show 2024 These additions to Panasonic’s solution suite embody the company’s commitment to supporting the industry with interoperable solutions that power the entire production chain. The new solutions, along with Panasonic’s full lineup of PTZ cameras, studio cameras, switchers, and projection/display tech will be on display from April 14-17 at NAB Show 2024 (Booth C3310). About Panasonic Connect North America Established on April 1, 2022 as part of the Panasonic Group’s switch to an operating company system, Panasonic Connect North America is a B2B company offering device hardware, software and professional services to provide value to customers across the public sector, federal government, education, immersive entertainment, food services and manufacturing industries. With the mission to “Change Work, Advance Society, Connect to Tomorrow,” Panasonic Connect North America works closely with its community of partners, innovators and integrators to provide the right technologies to address customers’ ever-evolving needs in today’s connected enterprise. Connect with Panasonic Connect Audio Video Solutions: Twitter, LinkedIn, Facebook, Instagram, YouTube Connect with Panasonic Connect North America: Twitter, LinkedIn, YouTube Contact Details Madison Everts +1 617-624-3225 PanasonicVisual@racepointglobal.com Company Website https://na.panasonic.com/us/panasonic-connect

April 09, 2024 09:00 AM Eastern Daylight Time

Sports Research Hydrate™ Elevates the Sports Nutrition Market by Introducing A New Low-Carb, Sugar-Free, Flavor Full Electrolyte Solution

Sports Research

Sports Research ®, the premier family-owned and operated company for vitamins, supplements and performance essentials, is proud to announce the highly anticipated launch of its first powdered electrolyte product line Sports Research Hydrate™. Entering into an already competitive electrolyte market with well-established brands, Sports Research looks to stand out as an industry leader by educating consumers on the benefits of using hydration products. In today’s health-conscious consumer landscape, Sports Research has identified a demand for enhanced transparency and quality in the electrolyte market. This sugar-free, low-carb electrolyte powder enhances consumer health in more ways than one. Unlike rival brands, Sports Research Hydrate comes in an ideal 2:1 Sodium-to-Potassium ratio, ensuring optimal electrolyte levels and defense against fluid loss. Each serving is filled with over 65 trace minerals, seven essential vitamins and is further enhanced with coconut water. These ingredients provide essential nutrients to support bodily functions like enzyme activity and immune response, aiding in hydration and electrolyte balance, and contributing to overall well-being. This combination sets a new standard for redefining hydration with its flavorful taste while also ensuring a better way to hydrate for those prioritizing optimal health and wellness. "We chose to enter the electrolyte market because we understand the various needs of today's active individuals and felt they weren’t being fully met," says Mike Pedersen, COO at Sports Research. “There’s a growing demand for products that are low carb, don’t consist of any artificial sugars and cater to dietary preferences, such as vegan and keto, while still maintaining the utmost levels of quality and transparency. With our expertise in performance-enhancing products, like Sweet Sweat, we recognize the importance of replenishing electrolytes and mineral levels lost through sweating during intense workouts. Introducing Hydrate as a holistic solution further advances our commitment to supporting athletes in the sport of life.” Electrolytes have numerous health benefits, including ensuring proper nerve function while balancing and maintaining bodily fluids such as sweat. Electrolytes can be lost through sweat during vigorous training and exercise. Replenishing them can help avoid dehydration, muscle cramps, and fatigue while also enhancing energy production to help facilitate nerve signaling for optimal cognitive function and neurological health. Held to the highest standard, Sports Research Hydrate packets are Non-GMO Project Verified, Vegan Friendly, Gluten-Free and Informed Sport tested for banned substances– a testament to Sports Research's commitment to providing research-backed performance essentials. Whether training for a marathon, watching carb intake, or balancing multiple responsibilities as a working parent, Sports Research Hydrate is the perfect solution to refresh, refuel, and recover. One Sports Research Hydrate recyclable box contains 16 individual stick packs, offered in four individual flavors or a variety pack that contains them all: Raspberry Lemonade, Cherry Pomegranate, Lemon Lime, and Passion Fruit. Sports Research Hydrate is now available for purchase on www.sportsresearch.com/hydrate and Amazon for $22.95. Since 1980, Sports Research has been a family-owned and operated company founded on a passion for fitness, wellness, and healing. The company’s first product, Sweet Sweat®, quickly gained popularity and paved the way for a wide range of proven, research-backed health and fitness products designed for everybody — inside and out. Sports Research is committed to using only the highest quality ingredients and materials sourced from around the world, many of which have been the center of scientific studies—just as the name implies. The Sports Research team of experts is dedicated to helping people live their best lives by providing innovative and effective health and fitness solutions. To learn more about the company's commitment to quality and its robust product line, visit sportsresearch.com. Contact Details Trust Relations Allison Ullo +1 610-905-1817 allison@trustrelations.agency

April 09, 2024 09:00 AM Eastern Daylight Time

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News Release

Bitget Introduces Stake-to-Mine Platform PoolX with ChatAI as the first Project

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, is excited to unveil PoolX, a pioneering stake-to-mine platform, that according to the team allows users to stake specific coins to potentially earn popular tokens in a seamless manner. Starting off with the ChatAI project, PoolX features an AI-driven social and gaming platform on the Solana blockchain. The team states that each PoolX project will feature one or more mining pools, with potential token rewards distributed hourly based on participants' staking volume. Hourly snapshots of staked amounts will be taken to ensure accurate calculations of users' proportionate shares and rewards. Each mining pool on PoolX calculates its Annual Percentage Rate (APR) separately, providing users with diverse opportunities to maximize their potential token earnings. Furthermore, the team states that users enjoy the flexibility to redeem the staked tokens at any time, with staked assets automatically returning to their spot accounts after the mining period ends. The inaugural project on PoolX is ChatAI, a dynamic social and gaming platform powered by AI and based on the Solana blockchain. With a rapidly growing community spanning Japan, Taiwan, Hong Kong, Nigeria, Vietnam, and beyond, ChatAI has amassed over 5 million registered users. Among them, there are over 1 million active users per month and 500,000+ concurrent users daily across more than 170 countries. Gracy Chen, Managing Director of Bitget, states: "PoolX marks a significant advancement in our commitment to empowering users with innovative crypto solutions. With its user-centric design and robust features, PoolX will redefine the token farming experience, offering greater flexibility and profitability to our users." For more information about Bitget PoolX and the ChatAI project, users can visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Bitget is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Contact Details PR Team media@bitget.com Company Website https://www.bitget.com/

April 09, 2024 08:55 AM Eastern Daylight Time

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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Gold Hits All-Time High In March: Want To Capitalize On Projected Further Growth, But Not Sure How? Check Out Lou Dobbs-Endorsed Priority Gold

Priority Gold

By Faith Ashmore, Benzinga In early April, the price of gold skyrocketed to a record-breaking high of $2,266.8 per troy ounce, marking another significant milestone for the gold market. The rise in gold prices has been consistent over the past few years. In 2023, the LBMA (PM) gold price reached a remarkable year-end close of $2,078.4 per ounce, setting a new record high. This performance resulted in an impressive annual return of 15%. Throughout 2023, the average gold price was strong at $1,940.54 per ounce, 8% higher than in 2022. Experts are expecting 2024 to be yet another impressive year for gold. The precious metal is even attracting the attention of big retailers like Costco (NASDAQ: COST). Last September, Costco began offering gold bars for sale and saw success – surpassing $100 million in sales during their first fiscal quarter of 2024. This surge in demand for gold suggests a growing global unease heightened by the uncertainty often experienced in election years as investors turn to less risky alternatives like gold in lieu of stocks. Given l the growing economic and political turmoil around the world, many expect gold’s historic run to continue. The upcoming and hotly contested U.S. presidential election and ongoing regional conflicts like the Russia-Ukraine war and the Israel-Hamas war will likely further fuel the demand for gold as a safe haven investment. Generally, the appeal of gold becomes even more pronounced when interest rates decline. As interest rates drop, traditional income-generating assets like bonds lose their luster compared to the tangible value of precious metals like gold. So, if the Fed does, in fact, cut rates as it has indicated, gold may shine even brighter in 2024. A Cup And Handle Pattern Forming? The cup and handle theory is a popular technical analysis pattern used in finance that can provide insights into the potential price movements of a given asset. This pattern typically forms after a prolonged uptrend and is characterized by a cup-shaped formation followed by a smaller consolidation stage known as the handle. The cup is formed when the price experiences a decline of at least 20%. The handle, on the other hand, is a smaller downward drift in price before the stock resumes its upward momentum. Some analysts believe that gold is approaching the handle part of this pattern which would indicate a bullish continuation pattern. Investors and traders who are familiar with this pattern may use it as a signal to make decisions regarding buying or selling gold. How To Invest In Gold And Capitalize On This Gold Rush There are several ways to acquire gold, including purchasing physical gold, gold exchange-traded funds (ETFs) and gold mining stocks. Working with a trusted precious metals dealer is one way to ensure that you make the best choice. Priority Gold is a well-established precious metals dealer with its headquarters in Dallas, Texas. The company has earned a reputation as one of the industry's most trusted and reliable companies. They have been accredited with an A+ rating by the Better Business Bureau (BBB), an AAA Rating with Business Consumer Alliance and a 5-star rating with TrustLink. The company offers a range of services related to precious metals, including the buying and selling of physical gold and silver. They also provide expertise and guidance in acquiring precious metals, particularly through Gold IRA options. Priority Gold has an extensive inventory of gold and silver products, making them a valuable resource for anyone seeking to diversify their portfolios with precious metals. The company has even gotten a stamp of approval from American commentator, author, TV and radio host Lou Dobbs: “There’s a reason that Priority Gold is ‘America’s Precious Metals Dealer.’ They’re an A+ rated company and committed to complete customer satisfaction.” It is anticipated that by the end of 2024, the price of gold could exceed $2,300 and projections indicate that the price of XAU/USD will continue to climb in the period between 2024 and 2030 – with XAU being the benchmark Philadelphia Gold and Silver Index. In the most optimistic scenario, experts believe gold prices could even hit above $4,000/oz. by 2030. With some predicting that 2024 could see gold surpass its previous all-time high, having a trusted gold dealer like Priority Gold can be key to capitalizing on the growth in demand for precious metals as a vital component of a well-diversified portfolio. Featured photo by Jingming Pan on Unsplash. Priority Gold is known as "America's Precious Metals Dealer" and is one of the leading precious metals retailers in the United States. Headquartered in Dallas, Texas, the company focuses on helping customers diversify their savings and retirement holdings with precious metals. They are also proud partners of the World Champion Texas Rangers major league baseball team! Since its inception in 2015, Priority Gold has played a pivotal role in facilitating IRA rollovers into gold and silver, collaborating with Preferred Trust Company to provide custody services. The company has earned top accolades such as an A+ rating from BBB, AAA rating from Business Consumer Alliances, and a 5-star rating on Trustlink. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Alex Lin alex.l@prioritygold.com Company Website https://prioritygold.com/

April 09, 2024 08:35 AM Eastern Daylight Time

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