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Over $600 million in digital sales consulting Super Retail Group

Super Retail Group reported record online and digital sales and plans to invest an additional $12 million in customer loyalty features. The company ow

Super Retail Group reported record online and digital sales and plans to invest an additional $12 million in customer loyalty features. The company owns brands such as Boating Camping Fishing BCF, Macpac, Rebel and Supercheap Auto. It also saw a 73 percent increase in clickandcollect sales, reaching $332 million. Super Retail Group is seeking to better leverage its 9.2 million active club members data as it builds out a loyalty and personalisation program. The retailer has already spent $25 million on operating expenses and $19 million on investments in personalization and loyalty capabilities.It reported sales of $3.55 billion, rising by 2.8 percent over the year, and net profit after tax of $244.1 million. Read More..

B2B Tech News | 2 years ago

FinTech Arc receives $20 million in startup funding

Softwareasaservice SaaS finance company Arc has closed a Series A round for $20 million. The companys products help startups access and manage capital

Softwareasaservice SaaS finance company Arc has closed a Series A round for $20 million. The companys products help startups access and manage capital while keeping equity. Arc Treasury, a cash management account, debuted in June. Other investors included NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, and Dreamers VC. The round was led by Left Lane Capital, while other investors included NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, Soma, and Alumni Ventures, and Dreamers VC. Read More..

B2B Tech News | 2 years ago

VLC claims that Indian ISPs blocking the site are a threat to users

VideoLan, the developer of the famous VLC media player, said Indian operators have been blocking websites since February this year. Its a move that co

VideoLan, the developer of the famous VLC media player, said Indian operators have been blocking websites since February this year. Its a move that could hurt some users of one of the biggest markets for open source companies. The operator began blocking VideoLans site on February 13 this year, he said, when the place saw an 80 percent drop in traffic in the South Asian market. The India block resulted in an overall 20% drop in traffic to the site. The Indian telecom operator did not explain why they blocked VideoLans place, but some speculate it may have been a misinterpretation of security warnings from earlier this year. Read More..

B2B Tech News | 2 years ago

Windows shops aim to derisk their surroundings by limiting admin rights

Microsoft Windows has a clear market advantage in IT. No other vendor has produced a more successful pairing of server and desktop operating systems i

Microsoft Windows has a clear market advantage in IT. No other vendor has produced a more successful pairing of server and desktop operating systems in terms of compatibility, certification, performance, and architecture. Focusing more on your product increases the chances of finding bugs that could be frustrating for Windows customers. Security is now viewed as a critical input to operationalizing technology safely and responsibly. Follina is a zeroday remote code execution RCE vulnerability CVE202230190P that was discovered in the Microsoft Support Diagnostic Tool MSDT. It allows an attacker to execute arbitrary code using A malicious Microsoft Office document commonly used in phishing emails. In the past, IT professionals just gave everyone administrative rights to their local system because it was the easiest way to ensure everyone had varying levels of access. The risk of granting super admin privileges is not well understood, and the basic functions of a local administrator are Read More..

B2B Tech News | 2 years ago

How mobile device manufacturing is driving the growth of Egypts electronics industry

Egypts manufacturing sector is not very specialized in electronics. A government initiative called Egypt Makes Electronics EME was launched to help de

Egypts manufacturing sector is not very specialized in electronics. A government initiative called Egypt Makes Electronics EME was launched to help develop the new sector. Vivo opened its first smartphone factory in Egypt last month, marking a major victory for the EME initiative. This month, Finnish mobile phone manufacturer HMD Global signed an agreement to manufacture various models of Nokia mobile devices in Egypt. The emergence of a strong smartphone industry in Egypt has farreaching benefits that could help companies like Daemon mitigate its power supply challenges. In addition, with new production facilities in Egypt, Chinese and Finnish technology companies can improve their ability to deliver products to the fastgrowing markets of the Middle East and North Africa MENA and subSaharan Africa. Read More..

B2B Tech News | 2 years ago

SyncWords Enhances Human and AI Capabilities to Complement Machine Translations

SyncWords, the leading live captioning and translation services provider is thrilled to declare SyncWords Offline, which includes human translation se

SyncWords, the leading live captioning and translation services provider is thrilled to declare SyncWords Offline, which includes human translation services and AI dubbing. Adding to its industryleading SyncWords, the most chosen captioning service in the virtual conference and webinar world. SyncWords unique Proprietary Sync and Caption Automation Technology help timecode and segment all media to create accurate subtitle files quickly and automatically from all listed source languages. syncWords platform features a simple way to add a custom ASR Dictionary to English and all other languages. With humangenerated scripts that pride themselves on speed as well as accuracy in the source language, machine translation becomes more accurate, timely, and highly scalable. SyncWords has been scaling up in its offering of base languages, now working with English, Spanish, French, Portuguese, German, Italian, Dutch, Russian, Tagalog, Thai, and Arabic. Read More..

B2B Tech News | 2 years ago

QuotaBook, a YC grad, raises $11 million to expand its stock management platform

Seoulbased inventory management platform QuotaBook has raised $11 million in funding led by Elefund. Access Ventures, Hana Securities, and South Korea

Seoulbased inventory management platform QuotaBook has raised $11 million in funding led by Elefund. Access Ventures, Hana Securities, and South Korean fintech company Viva Republica also joined the round. The startup was founded by former venture capitalists Andy Choi, Dan Hong, and Pilseon Jun in 2019. It aims to digitize the equity/fund management process, provide a common standard for securityrelated data, and host shareholder and board meetings online. About 40% of startups in Korea use QuotaBooks service that provides cap table management. In June, it launched a limited inventory unit RSU management service. The startup raised seed funding in June 2021 from Draper Associates, Carta Ventures, Elefund, Goodwater Capital, and Scale Asia Ventures. Read More..

B2B Tech News | 2 years ago

Exponent Energy in India might have discovered the key to 15minute quick EV charging

Bangalorebased Exponent Energy has reportedly invented a 15minute fast charging method for electric vehicles. The startup, which raised $13 million in

Bangalorebased Exponent Energy has reportedly invented a 15minute fast charging method for electric vehicles. The startup, which raised $13 million in a Series A round, relies on a combination of batteries and charging infrastructure. Exponent announced its first partnership with Altigreen, an Indian electric cargo vehicle manufacturer, earlier this month. Exponents Series A funding will be used to scale up the e^pump network in each city Exponent expands into, starting with Bengaluru and eventually making its way to New Delhi. The company also plans to deploy 2,000 vehicles with Exponent as part of the Altigreen partnership. The round was led by Lightspeed with participation from YourNest VC, 3one4 Capital, and AdvantEdge VC. Exponent Energys epack is scalable across multiple form factors, and the company is in the engineering phase for partnerships in other segments. Vinayak said the bottleneck for adoption is energy, as slow charging 3 to 6 hours affects operations. Commercial vehic Read More..

B2B Tech News | 2 years ago

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1. Global online sales are predicted to reach 22% of all retail sales in 2023.
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2. Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4. Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5. Approximately 8 billion gadgets connect on the internet every day.
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