Wholesale marketplace Abound raises $22.9M
Abound, an online marketplace that helps independent retailers stock their shelves with new products from up-and-coming brands, is announcing that it has raised $22.9 million in its first institutional round of funding. CEO Bill Shope founded the com.....»»
Apple raises component procurements for iPads, but not yet for MacBooks
Apple's inventory correction for iPads is expected to reach an end soon thanks to a major improvement in orders from Apple for high-end iPads in April; however, this may not be true for Apple's notebook products as MacBooks' shipments have remained f.....»»
Unionized Apple Store seeks pay raises, customer tips
The Towson, Maryland Apple Store that unionized is entering negotiations again, with workers seeking the ability to accept customer tips.Apple still hasn't updated this aging image of TowsonApple Towson Town Center in Maryland was the first Apple Sto.....»»
AI startup Pinecone raises $100 million as vector database market for LLMs heats up
Vector database leader Pinecone announced today that it has raised $100 million at a $750 million valuation, led by Andreessen Horowitz. Vector database leader Pinecone announced today that it has raised $100 million at a $750 million valuation,.....»»
Password reset woes could cost FTSE 100 companies $156 million each month
Password resets could unnecessarily cost FTSE 100 businesses over $156 million every month, according to MyCena Security Solutions. This raises the question of the necessity of password resets, at a time when organisations must identify cost savings.....»»
Rivalry raises $7.3M to drive growth, sets quarterly revenue record
Esports focused betting platform Rivalry reported major financial wins for FY2022 and Q1 2023, alongside $7.3M of new funding. Esports focused betting platform Rivalry reported major financial wins for FY2022 and Q1 2023, alongside $7.3M of new f.....»»
GM raises 2023 guidance, adding Samsung SDI as battery partner
General Motors is expecting a strong 2023. It raised its whole-year guidance on April 25 after finishing the first quarter with US$3.8 billion of adjusted EBIT. In addition, the automaker said it will build its fourth battery plant in the US with Sam.....»»
NetRise raises $8 million to advance XIoT security technology
NetRise announced $8 million in funding, led by Squadra Ventures, with participation by existing major investors Miramar Digital Ventures, Sorenson Ventures and DNX Ventures. NetRise has developed a cloud-based SaaS platform that analyzes and continu.....»»
Woodoo raises $31M to use discarded wood as a construction material
Woodoo has raised $31 million to use discarded wood as an an alternative material for construction. Woodoo has raised $31 million to use discarded wood as an an alternative material for construction.Read More.....»»
Katmai raises $22M for a new take on the metaverse with 3D virtual office
Katmai has raised $22 million for its ew take on remote work with a new 3D virtual office platform. Katmai has raised $22 million for its ew take on remote work with a new 3D virtual office platform.Read More.....»»
Tesla raises capex for 2023, ushers in EV production and price war
Tesla plans to scale up its capital expenditure in 2023 to ramp up production and product launch following its CEO Elon Musk's stated intention to continue the EV price war, pitting itself against BYD, the largest NEV brand by volume, in rising compe.....»»
Coro raises $75M for all-in-one platform to tackle SOC complexity
Coro announces it has raised $75 million for an all-in-one cybersecurity platform designed to address SOC complexity. Coro announces it has raised $75 million for an all-in-one cybersecurity platform designed to address SOC complexity.Read More.....»»
Vice Ventures raises $25M to fund startups in ‘bad’ industries
Vice Ventures has closed a $25 million second fund to finance "bad" industries that cater to human vices. Vice Ventures has closed a $25 million second fund to finance "bad" industries that cater to human vices.Read More.....»»
Fletch raises $12.5 million for NLP engine to scan cyber threat landscape
AI cybersecurity vendor Fletch announces it has raised $12.5 million in funding to scan the threat landscape. AI cybersecurity vendor Fletch announces it has raised $12.5 million in funding to scan the threat landscape.Read More.....»»
Mobb raises $5.4 million and launches community tool
Mobb has raised $5.4M in seed funding led by Angel Investor Ariel Maislos and joined by MizMaa Ventures, Cyber Club London and additional investors from US, EU, and Israel. The company has also launched a free community version that allows developers.....»»
Methane from megafires: Novel detection technique raises pollution policy questions
Using a new detection method, UC Riverside scientists found a massive amount of methane, a super-potent greenhouse gas, coming from wildfires—a source not currently being accounted for by state air quality managers......»»
CYFIRMA raises an undisclosed amount in Pre-Series B funding for product innovation
CYFIRMA has raised a Pre-Series B round funding from venture fund OurCrowd and Larsen & Toubro’s L&T Innovation Fund. With this, these firms join CYFIRMA’s existing investors Goldman Sachs, Zodius Capital, and Z3 Partners. With the closin.....»»
Why floorplanning can be a profit center or cost for dealers
Floorplanning, which is the financing surrounding the car dealer's wholesale vehicle purchase, is expected to flip to become a cost for dealers this year, as opposed to a profit......»»
Study finds only one type of consumer dictates price
It's commonly assumed that the supply-and-demand economics of the consumer marketplace dictates price. If you are one of few retailers that sells a product consumers want, you can charge more. If supplies of that product are more scarce, prices will.....»»
Wholesale used-vehicle prices rose through Q1, but may be at a turning point
Cox Automotive's Manheim Used Vehicle Value Index rose 1.5% in March from February......»»
The smart home market might see big changes in 2023
With Apple making big moves in the smart home marketplace, it’s poised to put up a real fight for Amazon and Google......»»