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Flexe Logistics latest fund raise has increased its value to over $1 billion.

Seattlebased Flexe raised $ 119 million in a Series D round that attracted new investment from funds and accounts managed by T. Rowe Price Associates

Seattlebased Flexe raised $ 119 million in a Series D round that attracted new investment from funds and accounts managed by T. Rowe Price Associates and Prologis Ventures. The funding comes at a time when severe supply chains are limiting trade and commerce around the world. Venture capital firms are helping startups raise millions of dollars to help them reach their valuation targets. Warehousing firm Flexport more than doubled its valuation to $8 billion in February after it raised $935 million in a latestage funding round. Read More..

B2B Tech News | 2 years ago          

Chinas robotics industry has shrunk due to labor cuts

Pudu Technology, based in Shenzhen, will begin laying off staff after receiving 1 billion yuan about $149 million in funding from investors such as Te

Pudu Technology, based in Shenzhen, will begin laying off staff after receiving 1 billion yuan about $149 million in funding from investors such as Tencent Holdings, Meituan, and Sequoia Capital. Felix Zhang, CEO In order for our company to survive, weve decided to cut some operations and businesses. According to Zhang, private equity investments in China are at their lowest level in decades. Numerous restaurants in China and around the world have begun to use selfcatering robots. Pudu Technology, based in Shenzhen, will begin laying off staff after receiving 1 billion yuan the US $149 million in funding from investors such as Tencent Holdings, Meituan, and Sequoia Capital. Some people have hoped that robots could gradually replace humans in service jobs as Chinas population ages and labor costs rise. Read More..

B2B Tech News | 2 years ago          

Earths magnetic field explanation

The Earths magnetic field can be visualized if you imagine a large magnetic bar on our planet, roughly aligned with the Earths axis. Magnetic poles ar

The Earths magnetic field can be visualized if you imagine a large magnetic bar on our planet, roughly aligned with the Earths axis. Magnetic poles are located where the magnetic lines of attraction enter Earth. The Geographic North Pole is located in the Arctic Ocean and the Geographic South Pole is found in Antarctica. The Magnetic North Pole was first identified on the Booth is Peninsula in Canadas Nunavut territory in 1831. The Earths magnetic field can be visualized, by imagining a massive magnetic bar on our planet, roughly aligned with the Earths axis. Read More..

B2B Tech News | 2 years ago          

Disclosure of Exposure to Bankrupt Three Arrows Capital by Crypto Exchange Genesis

Genesis Trading said it was exposed to Three Arrows Capital 3AC after the bankrupt crypto hedge fund failed to meet a margin call. The parent company

Genesis Trading said it was exposed to Three Arrows Capital 3AC after the bankrupt crypto hedge fund failed to meet a margin call. The parent company Digital Currency Group has assumed some of 3ACs liabilities and is pursuing all options to recover any potential loss. Cryptocurrency mining firm Genesis Bancorp has said its loans to Three Arrows had a weighted average margin requirement of over 80%, chief executive Sergio Moro said in a filing to the US Securities and Exchange Commission SEC on Thursday. The disclosure comes weeks after Genesis had mitigated losses with a large counterparty that failed to meet a margin call. Read More..

B2B Tech News | 2 years ago          

Russia uses electromagnetic antidrone weapon to fight Ukrainian UAVs

The Russian army deployed an advanced electromagnetic weapon called Stupor against a Ukrainian drone. This device blocks the signal that the operator

The Russian army deployed an advanced electromagnetic weapon called Stupor against a Ukrainian drone. This device blocks the signal that the operator sends to the drone. This will deactivate the drone and land it at the designated location. This device does not damage the drones hardware, so you can reload the weapon after you turn it off. Russian advanced defense systems shoot down and intercept many Ukrainian drones. The Ukrainian model of the weapon, reaching 3.5 km, exceeds the Russian devices distance. However, experts say that Russia uses a lot of drones, especially for reconnaissance, surveillance, and reconnaissance missions. Read More..

B2B Tech News | 2 years ago          

Singapore company Apollo Hospitals is developing artificial intelligence technology for heart disease

Apollo Hospitals announced Wednesday that it is partnering with ConnectedLife in Singapore, a leader in motor diagnostics, to integrate Apollos AICVD

Apollo Hospitals announced Wednesday that it is partnering with ConnectedLife in Singapore, a leader in motor diagnostics, to integrate Apollos AICVD web tool, powered by artificial intelligence, with ConnectedLife digital solutions for health, condition management, and other applications focused on health. AICVD tools can predict the risk of cardiovascular disease. Heart disease risk assessment tools are useful because of their speed of data processing and their accuracy in predicting the patients likelihood of developing coronary heart disease. Read More..

B2B Tech News | 2 years ago          

The AI ​​market for customer service is booming worldwide

Global AI for Customer Service Market 2022 Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028, according to a Qurate Rese

Global AI for Customer Service Market 2022 Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028, according to a Qurate Research report. The study is an anthology of indepth research studies on many aspects of the global AI for the customer service industry. It also sheds light on the vendor landscape and helps players forecast future competitive moves. The study estimates the market size in terms of both value millions of dollars and volume K Units. It also sheds light on the supplier landscape and helps players predict future competitive moves. The COVID19 pandemic has had a major influence on the AI for the Customer Service industry. Read More..

B2B Tech News | 2 years ago          

Russian cyber institute GroupIB will separate Russian and international business

GroupIP, a Russian cybersecurity firm, will break its domestic and foreign operations into two distinct companies. International clients will be handl

GroupIP, a Russian cybersecurity firm, will break its domestic and foreign operations into two distinct companies. International clients will be handled by the companys global headquarters in Singapore, while an autonomous Russian division would deal with businesses in Russia and many former Soviet states. Trade will now be unrestricted between Russia and the Commonwealth of Independent States CIS. After the West imposed unprecedented sanctions on Russia in response to Moscows socalled special military operations, which followed the deployment of tens of thousands of troops from Moscow to Ukraine in February, the move reflects actions taken by dozens of international companies to exit or sell Russian operations. Read More..

B2B Tech News | 2 years ago          



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