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GLOBAL NEWS

The $2.2 billiondollarvalued Danish neobank Lunar raises $38 million to reach new heights of profitability.

Danish neobank Lunar has raised money once more, this time with the aim of shortening the route to profitability. With 500,000 members, it has complet

Danish neobank Lunar has raised money once more, this time with the aim of shortening the route to profitability. With 500,000 members, it has completed a €35 million investment to hone its product and raise its image in the Nordic region. However, given that it declared the same number of subscribers when it announced funding in March 2022, growth appears to have stopped over the previous 12 months. Existing shareholders have contributed an additional €35 million to Lunar, raising the sum of its Series D to €280 million. The company has raised $460 million to date and is humbled by the confidence investors have in it. Read More..

B2B Tech News | 7 months ago      

Manhattan incorporates RFID into its store management programs.

Support for RFID tags has been added to Manhattan Associates Manhattan Active Omni suite, which will enable merchants to make more precise promises, b

Support for RFID tags has been added to Manhattan Associates Manhattan Active Omni suite, which will enable merchants to make more precise promises, boost conversion rates, and maximise inventory exposure for selling. Retailers can enhance store inventory accuracy from 70% to 100% by integrating RFID technology with Manhattan Active Omni, which also helps associates find products more quickly and speeds up transactions. Supply chain and omnichannel technology supplier Manhattan Associates incorporates RFID into its shop solutions to cut down on the time and work needed to adopt RFID while still enabling store associates to take advantage of the most cuttingedge store solution available. Read More..

B2B Tech News | 7 months ago      

Delivery Hero Ventures invests $16 million in Yodawy, an Egyptian health technology company.

A private player in Egypt named Yodawy has secured a $16 million Series B round of funding from Global Ventures and Delivery Hero Ventures. The busine

A private player in Egypt named Yodawy has secured a $16 million Series B round of funding from Global Ventures and Delivery Hero Ventures. The business intends to use the funding to grow across the Middle East and Africa, where there is a $60 billion market opportunity in the pharmaceutical industry. With the help of CTO Sherief ElFeky and COO Yasser AbdelGawad, Khashaba established Yodawy in Egypt in 2018. Since then, the firm has developed an infrastructure that supports the services of its partners and links them with both corporate clients and private customers. Prescriptions and insurance claims are both kept on paper in Egypt to a greater than 90% extent. With the help of Yodawys platform, insurance companies, hospitals, and pharmacies can all simplify approval processes, reduce costs, and enhance customer satisfaction. Read More..

B2B Tech News | 7 months ago      

Sendmarc secures $7M to provide email security against phishing and email impersonation.

To address the problem of email impersonation, Sendmarc, a firm created by CEO Sam Hutchinson, Keith Thompson, and Sacha Matulovich, has raised $7 mil

To address the problem of email impersonation, Sendmarc, a firm created by CEO Sam Hutchinson, Keith Thompson, and Sacha Matulovich, has raised $7 million in Series A funding. The companys technology is built on email authentication techniques used by businesses including Google, Microsoft, Meta, LinkedIn, and PayPal, such as the Sender Policy Framework SPF and the Domainbased Message Authentication, Reporting, and Conformance DMARC. Globally, businesses have lost more than $10 billion as a result of compromised corporate emails. Read More..

B2B Tech News | 7 months ago      

Engineering analytics startup Hatica is backed by $3.7M from Sequoia Indias Surge.

Naomi Chopra and Haritabh Singh, former employees of Uber who created the engineering analytics business Hatica, have raised $3.7 million in a funding

Naomi Chopra and Haritabh Singh, former employees of Uber who created the engineering analytics business Hatica, have raised $3.7 million in a funding round that was coled by Sequoia India and Southeast Asias Surge. The San Franciscobased business wants to increase developers productivity and wellbeing by providing them with detailed engineering statistics that would allow them to better understand how they are using their time. It interfaces with CI/CD systems, communication tools, project management programmes, issue management services, and hosting services for Git repositories. Hatica has already signed up a number of wellknown companies and hopes to eventually connect with 30 million developers worldwide. Read More..

B2B Tech News | 7 months ago      

Lowcode database APITable is another Airtable challenger.

With Hong Kongbased APITable attempting to compete with Airtable, a slew of ambitious entrepreneurs have entered the lowcode database industry as a re

With Hong Kongbased APITable attempting to compete with Airtable, a slew of ambitious entrepreneurs have entered the lowcode database industry as a result of Airtables $11 billion valuation. In the race to offer an opensource, visual solution for building clever, stylish databases, APITable is up against budding firms like Baserow in Amsterdam and NocoDB in San Francisco. It also provides a paid, premium version for customers who desire a readymade product that needs only rudimentary technological knowledge and thirdparty hosting. On GitHub, APITable has been starred 6,500 times, and it now has 20,000 users from 30 different countries. At a time when venture capitalists were scrambling to stake their bets on regional alternatives, its Chinese equivalent Vika debuted in February 2021. Read More..

B2B Tech News | 7 months ago      

GMCC and Welling Attend AHR Expo 2023 with a Full Product Lineup Covering a Variety of Applications.

At AHR Expo 2023, GMCC & Welling, a subsidiary of Midea Industrial Technology, will showcase its ability to cover a wide range of applications with AC

At AHR Expo 2023, GMCC & Welling, a subsidiary of Midea Industrial Technology, will showcase its ability to cover a wide range of applications with AC compressors, refrigerator compressors, motors, and heat pumps. In terms of high efficiency, low noise, and high reliability, the R454B Scroll Compressor for Unitary Application, PSC Motor, and Resin Housing ECMConstant Torque set the standard for USstyle air conditioners. GMCC&Wing combines products and innovative technologies to offer system solutions for the North America market, covering residential, light commercial, water heater, and automobile applications, to address the various needs of customers for different applications. Read More..

B2B Tech News | 8 months ago      

Latin Americas Cold Emergence Acquires Qualianz.

Emergence of a Cold LatAm, Latin Americas fastestgrowing provider of temperaturecontrolled storage and logistics services, announced the acquisition o

Emergence of a Cold LatAm, Latin Americas fastestgrowing provider of temperaturecontrolled storage and logistics services, announced the acquisition of Qualianz, a premier storage and logistics platform with operations in Mexico City, Mexico State, Monterrey, Querétaro, and Tijuana. Qualianz expanded rapidly through strategic acquisitions, sophisticated integration capabilities, and organic growth to operate a nationwide network of 33 modern cold and dry facilities with even more than 194,000 pallet jobs 102,000 cold and 92,000 dry, 60 million total cubic feet of capacity, and 800 employees. The Mexico operations and investment activities will be led by the Qualianz management team, which has extensive experience in the food, logistics, and financial industries. Qualianz and Sidley Austin LLP were advised by J.P. Morgan Securities LLC and Santos Elizondo, respectively. Read More..

B2B Tech News | 8 months ago