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27 Jul

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Ambiq Micro Inc. signs distribution agreement with Fujitsu Electronics Inc.

July 27, 2016 | By |

Fujitsu Electronics Europe (FEEU) has become the exclusive distributor of Ambiq Micro products in Europe; Fujitsu will extend its distribution offering with Ambiq’s microcontrollers and real-time-clocks. Ambiq bases its product line on logic that uses sub-threshold switching, for very-low-power operation.

Read more on ambiqmicro.com and edn-europe.com

11 Jul

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Postmates featured in Time.com

July 11, 2016 | By |

July 2016: Postmates was featured on Time.com along with other leading websites in response to leaked financials.

After leading experts predicted tough times earlier this year, Time provided this update:

“It’s looking more like Postmates is among those positioned to survive — and even benefit. In April, the (private) company’s financials were leaked, showing revenues grew sixfold last year and would rise 450% this year. Even better, gross margins will double to 24% this year from 12% in 2014. The numbers bolstered CEO Bastian Lehmann’s view that Postmates would be profitable by 2017.”

Read more in Time.com

08 Jul

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FarmLogs launches variable rate sidedress program

July 8, 2016 | By |

FarmLogs launched its new nitrogen rescue program that helps farmers save and improve yield by addressing nitrogen deficiencies that can still be corrected late in the season. Immediately available in the corn belt, the  nitrogen rescue service automatically detects nitrogen deficiencies in the field, sends an alert to growers, and connects participants with a local custom applicator that can apply a late-season variable rate sidedress fertilizer application.

Read more on agprofessional.com and agriculture.com

02 Jun

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Walmart Piloting Delivery With Deliv, Uber, and Lyft

June 2, 2016 | By |

At its recent annual Shareholders Meeting, Walmart CEO Doug McMillon announced a new pilot; a last-mile delivery test through services like Deliv, Uber, and Lyft. Walmart will start with tests of grocery delivery through Uber in Phoenix and Lyft in Denver. This is in addition to a Sam’s Club pilot that started in March with Deliv involving delivery of general merchandise and grocery for business members in Miami.

Read more on techcrunch and walmart.com 

22 Mar

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Sight Machine Closes $13.5mm Series B

March 22, 2016 | By |

Sight Machine Inc., leading the digital transformation of manufacturing, today announced it has raised $13.5 million in Series B venture capital. The round is led by Chicago-based Jump Capital and includes GE Ventures, Two Roads Group and Pritzker Group Venture Capital.

“Sight Machine is developing the technology that will bring us closer to the realization of the brilliant factory,” said Karen Kerr, Senior Managing Director of Advanced Manufacturing at GE Ventures, a unit of General Electric Co. (NYSE:GE). “The ability to effectively manage and analyze manufacturing data will change so many industries, and we are proud to partner with Sight Machine to help grow and commercialize its business.”

Existing investors re-investing in this round include IA Ventures, O’Reilly AlphaTech Ventures, Mercury Fund, Huron River Ventures and Orfin Ventures.

Read more on BusinessWire

08 Mar

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Deliv Raises $28mm Series B led by UPS

March 8, 2016 | By |

Deliv, the leading crowdsourced, same-day delivery company, today announced that it has raised $28 million in funding, with participation by a new investor, the UPS Strategic Enterprise Fund, and existing financial and REIT investors including Upfront Ventures, RPM Ventures, Huron River Ventures, PivotNorth Capital, General Growth Properties, The Macerich Company, Simon Venture Group, Taubman Centers, Inc. and Westfield Corp. The funds will be used to support Deliv’s dramatic growth, enhance its product depth and breadth and broaden its national footprint.
Read more at stockhouse.com

10 Nov

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PeachWorks Releases Premium Version of Log – a Digital Logbook for Restaurants

November 10, 2015 | By |

PeachWorks, formerly WhenToManage, the leading restaurant management cloud platform for franchise chains, independent operations, and specialty retail and food service operations, announced today that its popular app Log is now available in a premium version with enhanced features and additional capabilities. Log, subscribed by 1,250 accounts since its launch in December 2014, has been enabling restaurant managers and employees to stay connected and organized in operating their business efficiently.

Log is a free cloud-based application that allows multiple users to create notes, checklists and task lists in real time via different browsers and devices.

Read more on prweb

10 Nov

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SkySpecs closes on $3M funding round, lands first customers

November 10, 2015 | By |

SkySpecs Inc., an Ann Arbor-based company that provides drones for the inspection of wind turbines, bridges and other infrastructure projects, has closed on an investment round of $3 million.

The company has received approval from the Federal Aviation Administration to fly its drones, has landed its first two customers and hopes to hit at least $1 million in revenue next year.

The investment round was led by Jim Adox, managing director of the Ann Arbor office of Madison, Wis.-based Venture Investors LLC, and joined by Ann Arbor-based Huron River Partners, Detroit-based Invest Michigan and some angel investors.

Read more on Crains Detroit

06 Nov

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Postmates CEO Says He’s Raising Money Again In January To Build The ‘Anti-Amazon’

November 6, 2015 | By |

Ask Bastian Lehmann, the CEO of delivery service startup Postmates, what company he’s gunning for, and you might be surprised. It isn’t Lyft and it isn’t Uber, whose forays into food delivery don’t have him worried in the slightest.

“We’re building the anti-Amazon,” he said.

It’s a bold statement–one he isn’t afraid to repeat. But in order for Postmates to get there, the company will need more capital according to its chief executive. During an interview with FORBES on Thursday, the 38-year-old German entrepreneur noted that despite raising $80 million in June, the company will likely seek more funding as early as next January. Lehmann declined to state how much he hopes to raise or at what valuation, but said that it could possibly be from a late-stage or private equity investor.

28 Oct

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Ambiq Micro’s low power MCU enables added functionality in Misfit’s next-generation wearable

October 28, 2015 | By |

Ambiq Micro, the leader in ultra-low power solutions, today announced Misfit, Inc. has selected the Apollo microcontroller (MCU) as the ‘brain’ in the Misfit Shine 2 Fitness and Sleep Monitor.

Announced just last week, the next-generation Misfit Shine 2 provides new features, functions and capabilities without sacrificing its market leading 6-months of battery life.  Shine 2 tracks activity and sleep more accurately with a 3-axis accelerometer and newly added 3-axis magnetometer, displays progress and tells time in a halo of rainbow-colored lights, and gets users motivated with Misfit Move, a feature that encourages users to be active with a vibrational nudge.

“Shine 2 would not be what it is without this processor,” said Steve Diamond, VP of Hardware Engineering at Misfit. “It allowed us to focus less on power optimization and more building a next-generation product with the same great battery life.”

Read more on ambiqmicro.com