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Tag: Succinct

Succinct has raised $55,000,000.00 in Series A Funding.

Succinct has raised $55,000,000.00 in Series A Funding.

April 15, 2024 Craig Etkin

Succinct has raised $55,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Uma Roy played a key role in securing the recent investment and it will aid in aggressively…

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Toyota will prepare for assembly of an all-new, three row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton facility, affirming Toyota’s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to $8 billion. This also brings the addition of up to 340 new, high-quality jobs with long-term stability. This investment will not only provide plant infrastructure to build the all-new BEV, it will add a new battery pack assembly line using lithium-ion batteries supplied by Toyota Battery Manufacturing North Carolina, a $13.9 billion facility slated to begin production in 2025.

“Our team members are the heart of Toyota,” said Tim Hollander, president of Toyota Indiana. “We take great pride in producing quality products while providing long-term, stable employment no matter the changes in our industry. Our team is committed to delivering this new product with the same quality and performance that Toyota customers expect.” Toyota’s Indiana facility is home to more than 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander and the Lexus TX. Since 2021, Toyota has announced new investments totaling $18.6 billion into its U.S. manufacturing operations to support electrification efforts. Increasing BEV production in the U.S. advances Toyota’s portfolio approach to electrification. Toyota directly employs more than 63,000 people in North America who have contributed to the design, engineering, and assembly of nearly 47 million cars and trucks at our 13 manufacturing plants. By 2025, Toyota’s 14th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, Toyota currently offers 27 electrified options.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

Polymarket, the world’s largest prediction market, announced today that it has raised $70 Million of new capital across two unannounced rounds: a $45 Million Series-B led by Founders Fund and existing investors 1confirmation and ParaFi, with participation from Ethereum founder Vitalik Buterin, Dragonfly and Eventbrite’s co-founder Kevin Hartz, as well as a $25 Million Series-A led by General Catalyst, with participation from Airbnb’s Joe Gebbia, Polychain and other leading investors.

On Polymarket, traders predict the outcome of future events and earn when they are right. Traders react to breaking news in real time and market prices convey the likelihood of important events. Market forecasts span politics, current events, pop culture and more. Trading is unavailable in the United States and other restricted jurisdictions, while market forecasts are available freely worldwide. “I started Polymarket because I believe that market-based forecasts will inevitably become an integral part of how we follow news and find truth on the internet,” Polymarket’s founder Shayne Coplan said. “It has been humbling to see that vision begin to materialize at scale – with so many people relying on Polymarket when following important current events.” Polymarket is the world’s largest prediction market. On Polymarket, traders predict the outcome of future events and win when they are right. Traders react to breaking news in real time and market prices convey the likelihood of important events. Institutions, individuals and the media rely on these forecasts to report the news and better understand the future. Across politics, current events, pop culture and more, a record $202m worth of predictions have been made so far on Polymarket in 2024.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

Pepper, the most trusted technology partner for the food distribution sector, is thrilled to announce the successful closure of a $30 million Series B funding round. This significant investment was led by ICONIQ Growth, with continued participation from existing partners at Index Ventures, Greylock, Imaginary, and Harmony Partners. In conjunction with the funding, Richa Mehta, Principal at ICONIQ Growth, will be joining Pepper’s board of directors. This round of funding marks a pivotal moment for Pepper as it solidifies its position as the most trusted and transparent technology partner to independent foodservice distributors.

“The tremendous support from ICONIQ Growth and our existing investors not only validates our vision but also reinforces our position as the most trusted and transparent technology partner in the foodservice distribution industry,” said Bowie Cheung, CEO and cofounder of Pepper. “This funding will enable us to accelerate our roadmap, focusing on innovative solutions that meet the evolving needs of our customers and strengthen their operations.” The newly secured funds will be directed towards advancing product innovation in several key areas, such as the core eCommerce experience, CRM tools, generative AI, rich product content, and analytics to support Pepper’s growing ads network. Pepper is an eCommerce platform designed to be the growth engine for independent distributors. The platform delivers a best-in-class shopping experience for food service, convenience stores, and other marketplaces. Pepper offers a suite of AI powered tools for the distributor sales rep and customers to grow market share.

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