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Obligo Raises $35M to Expand Its Security Deposit Solutions Across Millions of U.S. Homes

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Co-led by 83North and True Global Ventures, the funding will accelerate the expansion of strategic partnerships and the launch of additional products.
NEW YORK, Oct. 21, 2024 /PRNewswire/ — Obligo, the fintech company that builds trust between renters and landlords through its suite of flexible security deposit solutions, announced today that it has secured $35M in new funding. The investment comes as Obligo experiences a period of rapid growth, driven by recently announced partnerships with property management software companies AppFolio, Buildium, and Yardi.

The funding round, co-led by True Global Ventures and 83North, will fuel the company’s continued product innovation, IP development, and expansion of strategic partnerships as it moves closer to achieving profitability. Additional equity and debt investors participating in the round include 10D, Entrée Capital, HighSage Ventures, MUFG Innovation Partners, and Viola Credit.
“This investment is a testament to the market’s confidence in our machine learning technology, API-first distribution strategy and our vision for the future of renting,” said Roey Dor, CEO and Co-Founder of Obligo. “The value is clear: a recent survey showed that 55% of renters cited Obligo as a key factor in selecting their current home. With these additional resources and our recently announced property management software partnerships, we are uniquely positioned to become the top deposit solution for millions of U.S. homes.”
As part of this funding round, Obligo proudly welcomes Lilia Shirman, Partner at True Global Ventures, to its Board of Directors. “Obligo is a game-changer for leveraging machine learning and AI in real estate. The company’s growth and strategic channel partnerships are evidence of the tremendous value they deliver to renters and property managers alike.” said Shirman. “We are excited to partner with Obligo to catalyze its vision for creating unprecedented trust and flexibility in the residential rental market.”
For more information, visit myobligo.com.
About Obligo
Obligo harnesses financial technology to build trust between renters and landlords, making the move-in and move-out process as simple as checking in and out of a hotel. As the first security deposit alternative utilizing bank-issued Letters of Credit supported by Wells Fargo, Obligo uses Open Banking and AI to determine renters’ eligibility to rent deposit-free.
Founded in 2018 by brothers Roey Dor and Omri Dor, Obligo is bringing its industry-changing rental solutions to millions of homes across the United States.
About 83North
83North is a global venture capital firm. The firm invests across all stages, in exceptional entrepreneurs focusing on building global category leading companies. For more information visit www.83north.com and follow @83NorthVC on Twitter.
About True Global Ventures
True Global Ventures is a global venture capital firm with two actively deploying funds: TGV 4 Plus Fund (early stage) and TGV Opportunity Fund (late stage). The firm focuses on partnering closely with fast-growing, technology-driven businesses driving transformative change in business efficiency, financial services, sustainability, and other emerging sectors, and has a strong track record in enterprise AI and blockchain investments. For more information, visit www.tgvplus.com.
Media ContactKeegan St. [email protected]
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StarCompliance Strengthens Commitment to Innovation With Appointment of New Chief Product Officer

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Kelvin Dickenson joins Star as Chief Product Officer, driving product leadership forward
ROCKVILLE, Md., Oct. 21, 2024 /PRNewswire/ — StarCompliance (Star), a leading provider of employee compliance technology solutions, announced today that industry veteran Kelvin Dickenson will join the company as Chief Product Officer. This strategic hire underscores Star’s commitment to continued innovation and transformation in the employee compliance space. Dickenson will spearhead the company’s product strategy and road map, delivering value for customers and advancing the next generation of the Star Platform.

“We are thrilled to welcome Kelvin Dickenson to Star, especially with his long history of sparking innovative growth throughout his career,” Star CEO Jennifer Sun said. “His arrival is particularly significant as we accelerate the evolution of our products. His extensive background in both software and data will enable us to deliver better reporting and analytics through the Star platform.”
Dickenson joins Star as a highly accomplished senior executive, recognized for his decisive leadership and focus on driving value through revenue growth, EBITDA expansion, business transformation, and product innovation. Most recently, Dickenson was SVP/General Manager at SAI360. Prior to that, he served as CEO of Opus, Managing Director of Global Compliance Solutions at Dun & Bradstreet, and Director of Commercial Risk Management at MBNA. His expertise spans financial services SaaS platforms, GRC, regulatory compliance, and counterparty risk.
About StarCompliance
StarCompliance is the world’s leading provider of employee compliance technology solutions. Trusted for over 25 years by millions of users in 114 countries, Star’s next-generation platform and user-friendly interface delivers the data, technology, and actionable insights needed to proactively mitigate risk, monitor conflicts globally, and support complex whistleblowing regulations. Visit www.starcompliance.com to discover the comprehensive security and unparalleled assurance you need to build a culture of compliance today.
Media Contact: Greg TarminEmail: [email protected] Phone: 917-868-7791

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Brandwatch Announces Key Leadership Changes to Accelerate Growth and Innovation

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CHICAGO, Oct. 21, 2024 /PRNewswire/ — Brandwatch, the global leader in social media intelligence, today announced several strategic leadership changes to drive continued growth and innovation. 

Channing Ferrer has been promoted to Global President of Brandwatch. In this expanded role, Ferrer will lead overall global business strategy and growth initiatives. He brings a wealth of experience in building and scaling successful go-to-market strategies for SaaS companies. Before joining Brandwatch, he held leadership positions at Semrush (SEMR), HubSpot (HUBS), and Acquia (Acq. Vista Equity). “I am honored to take on this new role at Brandwatch,” said Ferrer. “With our innovative product offerings and talented team, we are well-positioned to continue our growth trajectory and deliver exceptional value to our customers.” 
In addition to Ferrer’s promotion, Brandwatch has strengthened its leadership team with the following new appointments: 
Matt Tippets has been appointed Chief Product and Technology Officer. Tippets, who previously held senior roles at Drift, Total Expert, and Salesforce (CRM) brings extensive experience in product innovation and scaling cloud-based software solutions. Henry Spitzer has joined the team as Senior Vice President, Americas Sales. Spitzer brings proven ability in scaling teams and revenues globally, having previously held leadership roles at CarGurus (CARG) and Lusha. His ability to build and lead high-performance sales teams will be invaluable as Brandwatch continues to expand its market reach. Beth Brown has come on board as Senior Vice President, Global Agency and Business Solutions. Beth is a forward-thinking leader in digital media marketing and product development, with proven expertise in driving innovation at industry-leading companies such as EssenceMediacom, Media Futures Group, and R/GA. Jordan Gorosh has been brought in as Enterprise Sales Leader. Gorosh, an experienced leader with a background at companies like Sprinklr (CXM), Google (GOOG), and Yelp (YELP), will leverage his skills in building and leading high-performance go-to-market teams. “We are thrilled to welcome these exceptional leaders to Brandwatch,” said Ferrer. “Their combined expertise and experience will be instrumental in driving our continued growth and innovation.” 
These leadership appointments further strengthen Cision’s expanding team of seasoned executives. Earlier this year, Matt Brown was appointed President of PR Newswire and Elgar Welch became President of CisionOne. Together, their collective expertise will play a pivotal role in driving Cision’s continued success. 
About BrandwatchBrandwatch is a Cision Company. Cision is the global leader in consumer and media intelligence, engagement, and communication solutions. We equip PR and corporate communications, marketing, and social media professionals with the tools they need to excel in today’s data-driven world. Our deep expertise, exclusive data partnerships, and award-winning products, including CisionOne, Brandwatch, and PR Newswire, enable over 75,000 companies and organizations, including 84% of the Fortune 500, to see and be seen, understand and be understood by the audiences that matter most to them.
For media inquiries, please contact: Cision Public Relations at [email protected]
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PM Narendra Modi Calls for India’s Leadership in 6G, Ethical AI and Data Privacy at India Mobile Congress 2024

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NEW DELHI, Oct. 21, 2024 /PRNewswire/ — Indian Prime Minister Narendra Modi highlighted India’s leadership in setting global standards in 6G, ethical AI and data privacy at India Mobile Congress (IMC) 2024. He highlighted the four pillars of Digital India: low-priced devices, expanding digital connectivity to every corner of the country, easily accessible data and goal of ‘Digital First’.

Jointly organized by the Department of Telecommunications (DoT), Government of India and the Cellular Operators Association of India (COAI), the four-day forum-cum-exhibition held from 15th-18th October 2024 witnessed the highest-ever attendance of over 1.75 lac participants and engagement from over 123 countries, under the theme of “The Future is Now”.  Concurrent to IMC 2024, India is also hosting the international conferences – World Telecommunication Standardization Assembly 2024 from 15th-24th October 2024 in New Delhi, India. This year’s India Mobile Congress also saw a significant increase in GSMA’s presence, marked by the participation of its global leadership team, meetings with key government officials and industry associations, and an engaging exhibition pavilion.
India Mobile Congress 2024 showcased India’s innovation ecosystem, where leading tech & telecom companies and innovators highlighted advancements in quantum technology and circular economy along with spotlight on 6G, 5G use-cases, cloud & edge computing, IoT, semiconductors, cybersecurity, green tech, satcom and electronics manufacturing.
Ramakrishna P., CEO, India Mobile Congress said, “IMC 2024 more than lived up to its focus on ‘Future is Now’, with ideas exchanged on several disruptive innovations and engaging discussions on a host of future technologies. It’s been a great experience seeing IMC grow multitudes over the years and IMC 2024 brought together global leaders, innovators and industry experts to showcase and collaborate on the next-gen technologies. We would like to thank our partners, exhibitors, delegates from around the globe and the DoT for their consistent guidance and support.”
India Mobile Congress 2024 hosted over 310 partners and exhibitors, including participation from 13 Ministries, 29 academia and featured more than 186 sessions engaging around 820 global and Indian speakers in insightful discussions. The forum featured over 920 startups under its flagship startup program, ‘Aspire’, aimed to highlight their innovations.
Artificial Intelligence stood out as a key flavour at the forum, as a diverse spectrum of tech-telecom companies, including startups and educational institutes, showcased over 900 technology use case scenarios, including 750 AI-based use-cases.
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