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Freightify lands $2.5M to make rate management easier for freight forwarders

Freight forwarders often keep track of rates on spreadsheets they email to customers, but the pandemic has made that difficult because prices are constantly fluctuating. Freightify, a startup that refers to itself as the “Shopify for maritime freight,” provides white-label rate management and e-booking tools that freight forwarders can use to set up online stores, reducing the time they need to spend on administrative work.
The startup announced today it has raised $2.5 million in pre-Series A funding led by Nordic Eye Venture Capital, with participation from Tradeworks VC, Venture Catalysts, 9Unicorns and Blume Funders Fund. The round also included returning …

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Inflation, Chip Shortage, and Recruiting: What CEOs Talked About in Q2

Illustration: © IoT For AllThe global economy is projected to grow 5.6% in 2021, its strongest post-recession pace in 80 years. But not all companies have returned to pre-COVID-19 levels. Disrupted supply chains and the ongoing chip shortage are two of the topics dominating CEO discussions, alongside the fear of rising inflation and the search and competition for the best talent.In general, Q2 boardroom talks reflect a certain level of excitement and willingness to plan rather than manage the unforeseeable. Uncertainty and remote working topics have faded in importance, while discussions about managing hybrid work surged, with divided opinions.Several large technology …

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Indonesian B2B marketplace GudangAda raises more than $100M in new funding

GudangAda founder and chief executive officer Stevensang
GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million. The company says the round was oversubscribed, passing its initial target of $75 million. The funding was led by Asia Partners and Falcon Edge, with participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners.
This brings GudangAda’s total raised so far to about $135 million. Its last funding was a $25.4 million Series A last year, led by Sequoia Capital India and Alpha JWC.
Founded in January 2019, GudangAda is …

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A Supply Chain for a Circular Economy

A circular economy enables us to restore natural ecosystems while still accelerating business and financial objectives. With 90% of CEOs seeing sustainability as important to success and 66% of consumers paying more for sustainable brands, the circular economy might be closer than we think—and it often starts in the supply chain.
Let’s look at a few examples. IKEA is on a journey to become more circular. Back in 2017, it developed its first designing for circularity guide, which helped define IKEA’s circular design. The results in the past few years have been impressive. In financial year 2019, the retail giant gave 47 …

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Microsoft confirms it’s buying cybersecurity startup RiskIQ

Microsoft has confirmed it’s buying RiskIQ, a San Francisco-based cybersecurity company that provides threat intelligence and cloud-based software as a service for organizations.
Terms of the deal, which will see RiskIQ’s threat intelligence services integrated into Microsoft’s flagship security offerings, were not disclosed, although Bloomberg previously reported that Microsoft will pay more than $500 million in cash for the company. Microsoft declined to confirm the reported figure.
The announcement comes amid a heightened security landscape as organizations shift to remote and hybrid working strategies.
RiskIQ scours the web, mapping out details about websites and networks, domain name records, …

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Is the US labor shortage the big break AI needs?

Chetan Dube
Contributor

Chetan Dube is the founder and CEO of Amelia, a former assistant professor at New York University and an expert on autonomics, cognitive computing and the future impact of a digital workforce.

The tectonic shifts to American culture and society due to the pandemic are far from over. One of the more glaring ones is that the U.S. labor market is going absolutely haywire.
Millions are unemployed, yet companies — from retail to customer service to airlines — can’t find enough workers. This perplexing paradox behind Uber price surges and waiting on an endless hold because your …

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Extra Crunch roundup: Unpacking BuzzFeed’s SPAC, curb your meeting enthusiasm, more

Meetings should have a clear purpose, but instead, they’ve become a way to measure status and reinforce what is colloquially referred to as CYA culture.
There’s a kernel of truth in every joke, so whenever someone quips, “This meeting could have been an email!” you can bet that some small part of them meant it sincerely.
Few people know how to run meetings effectively and keep conversations on track. Making matters worse, attendees often don’t bother to prepare, which makes a boring session even less productive.
And then there’s the complication of workplace politics: How secure …

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Investors Clara Brenner, Quin Garcia and Rachel Holt are coming to TC Sessions: Mobility 2021

The transportation industry is abuzz with upstarts, legacy automakers, suppliers and tech companies working on automated vehicle technology, digital platforms, electrification and robotics. Then there are shared mobility companies from cars to scooters and mopeds to e-bikes. And who can forget the emerging air taxi companies?
At the center of this evolving industry are the investors. Simply put: TechCrunch can’t hold an event on mobility without hearing from the people who are hunting for the best opportunities in the industry and tracking all of its changes. That’s why we’re happy to announce investors Clara Brenner of Urban …

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Indonesian supply chain startup Advotics raises $2.75M led by East Ventures

The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. But the country’s logistics industry is highly fragmented, with companies usually relying on multiple providers for one shipment, and many warehouses are still concentrated around major cities. Advotics wants to help with software to make the whole supply chain easier to track, and recently closed a $2.75 million funding round led by East Ventures.
Founded in 2016 by Boris Sanjaya, Hendi Chandi and Jeffry Tani, Advotics currently counts more than 70 clients, ranging from individual resellers to large corporations like Exxonmobil, Danone, …

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Intermittently Connected IoT Devices for Logistics Quality Assurance

Illustration: © IoT For AllSupply chain stakeholders have extolled the virtues of data loggers for some time now, but most of the off-the-shelf options currently on the market are designed to be constantly connected to the Internet. Everything from RF interference to network strain can cause these devices to suddenly stop functioning, which is a serious issue for those who depend on them to provide needed information.Worst of all, most logistics companies that need this kind of technology aren’t able to afford such extravagances. Most of these firms would be better off with data loggers that only have …

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