AI-powered inventory platform AUTIT has raised a $2.7 million seed round co-led by San Francisco’s Zetta Venture Partners and Boston-based Glasswing Ventures. “We will use these resources to build out the team with technical and sales personnel to continue progress on our platform and customer acquisition,” CEO Paul J. Noble tells Hypepotamus. The startup is tackling the $100 […]
Paul J. Noble spent over 10 years in industrial manufacturing supply chain operations for global home supply company Sherwin-Williams. During that decade, he observed the lack of optimization surrounding parts inventory, and the increasing costs that fragmentation caused. The main cause was a lack of visibility between suppliers, distributors and manufacturers. Noble left his role […]
Supply chain attacks, in which an enterprise shares information with a third-party vendor and that vendor gets hacked, are on the rise. According a recent report, 90 percent of those surveyed confirmed experiencing a software supply chain attack, with the average cost of an attack at over $1.1 million. Weak links between the two parties involved […]
GreyOrange, a Singapore-headquartered international robotics company, will open a U.S. headquarters in Atlanta to reach customers across North America. It has opened 50 positions immediately, with plans to hire 85 total in Atlanta across support, sales, engineering and account management. GreyOrange, which is “the world’s largest supply chain robotics company,” according to CEO and co-founder […]
“If you think about the economy, supply chain is at the center of the economy, and transportation is essentially the supply chain. And we’re at the center of all of that.” Santosh Sankar, co-founder and director of logistics and supply-chain focused venture capital fund Dynamo, is bullish on their hometown city Chattanooga’s geographic vantage for […]