investment raise

Warehouse picking robot startup XYZ raises $17 million

Warehouse picking robot startup raises $17 million (Photo: XYZ Robotics)

Massachusetts-based logistics robot startup XYZ Robotics has raised a Series A+ round of $17 million, led by Source Code Capital, Gaorong Capital and Morningside Capital. XYZ, which develops picking robots for warehouses, said the financing would help scale up research and development and bolster its operational capabilities. This funding round brings the company’s total investment to $27 million.

E-commerce has steadily risen in prominence within the retail market, eating into the market share...

https://s29755.pcdn.co/news/warehouse-picking-robot-startup-xyz-raises-17-million

Interos helps companies realize, act on supply chain risk

Interos helps companies realize and act on their supply chain risk (Photo: Interos)

The COVID-19 pandemic has upended supply chains, changing logistics stakeholders’ perspectives on risk within their operations. 

Businesses now more than ever are scrambling to gain more visibility into their processes. This visibility is essential as it remains one of the hurdles for businesses to understand their association with stakeholders from both upstream and downstream operations. 

Interos, a risk management company, is looking to ease this struggle by using artificial intelligence (AI)...

https://s29755.pcdn.co/news/interos-helps-companies-realize-act-on-supply-chain-risk

Another fundraise, as self-driving startup Waymo’s investment hits $3 billion in 2020

Waymo raises another $750 million for self-driving technology development (Photo: Waymo)

Waymo, the autonomous driving unit of Alphabet, announced Tuesday that it has raised a further $750 million in external investment. This investment is right behind the $2.25 billion financing the company raised in March — its first-ever non-Alphabet investment. 

Waymo’s idea of raising $3 billion in external investment when its parent company is cash-rich Alphabet might raise some eyebrows. However, companies like Waymo and Cruise, the autonomous vehicle (AV) unit of General Motors, going for...

https://s29755.pcdn.co/news/another-fundraise-as-self-driving-startup-waymos-investment-hits-3-billion-in-2020