Your 90-second guide to the day in tech startupdaily.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startupdaily.net Daily Mail and Mail on Sunday newspapers.
VendorPanel
VendorPanel, a leading Australian procurement platform operating in the US, Canada, Australia and New Zealand, announced today it has secured A$4.3 million in Series B capital from new and existing shareholders.
The company is a leader in the Australian ProcureTech market, with over 250 Customers and more than 1,000 corporate and government buying organisations actively purchasing via the platform. The investment will accelerate the company’s US entry following a successful launch in January 2021.
“We’ve developed an innovative solution to a big problem and have proven it in the Australian market,” said VendorPanel CEO James Leathem. “It’s pretty incredible that this same opportunity exists in the United States, and that it’s currently wide open. Not only is this an awesome opportunity in its own right, but it creates a beachhead to the broader US market where annual state and local government procurement is worth over US$1.5 trillion. We’re excited to
From factory to tower: construction goes high tech
Probuild is tapping the internet of things to track materials and even pay suppliers faster. In time, this may even let it do more building work itself.
Share
Probuild is tapping the internet of things to track its supply chain and to automate safety processes on building projects. This new technology also provides a way to tackle one of the most problematic parts of construction – the prompt payment of suppliers and subcontractors.
Going up: Probuild is using bluetooth technology to track materials and equipment – such as the protective cages at the top levels – on its Victoria University office tower in central Melbourne.