HAI Robotics
HAI ROBOTICS announced a Series B+ round of $15 million led by 5Y Capital, Source Code Capital and Walden International to fuel research and development, operational capabilities and business expansion for its autonomous case-handling robotic system (ACR system) for logistics and industrial automation.
“With an increasingly aging population worldwide, automation is the future of warehousing. However, many warehouses still haven t adopted automation technologies,” says Richie Chen, founder and CEO of HAI ROBOTICS. “Many warehouse automation solutions fail to meet the requirements of customers, such as short construction time, low cost, high storage capacity and high efficiency, and HAI ROBOTICS helps to optimize these crucial requirements.”
Osram backs deep-UV LED disruptor Bolb
23 Feb 2021
Lighting giantâs venture unit leads $16Â million investment in California startup developing efficient short-wavelength emitters for germicidal applications.
Osramâs âFluxunitâ investment division has acquired a significant equity stake in Bolb, which is developing deep-ultraviolet (UVC) LEDs for chemical-free disinfection of pathogens in air, water, and on surfaces - including efforts to mitigate coronavirus transmission.
The Germany-headquartered lighting company led a $16Â million round of series A venture funding in exchange for 20Â per cent ownership of Livermore-based Bolb.
Other investors in the round include Southeast Asian UVC-Tech Group, and the Silicon Valley based venture investor Walden International. Bolb says that the new funds will be used to expand its manufacturing capacity and global sales effort, among other things.
BankBazaar.com has said it has expanded its employee stock ownership plan (ESOP), adding shares worth USD 15 million (about Rs 109 crore) to the pool. The company, which offers an online financial product marketplace, said it is poised to close this financial year with operational month-on-month profitability despite the onslaught of the pandemic. The revenue from credit cards grew by more than 20 per cent year-on-year and 72 per cent of the credit transactions is now contactless in less than a year since start of Digital KYC. The ESOP allotment is a way of acknowledging the contribution of the employees to the company s growth, a company statement said.
Mumbai (Maharashtra) [India], January 18 (ANI/NewsVoir): BankBazaar.com, India s leading free credit score provider and online financial product marketplace, announced its revenue in December 2020 grew against December 2019 revenues, indicating that the business has recovered much of the lost ground due to COVID-19. The primary driver for growth were credit cards, and the December 2020 revenue from the category has exceeded the December 2019 revenues by 20 per cent. Interestingly, 72 per cent of the credit transactions is now contactless in less than a year since start of Digital KYC, indicating a dramatic shift to fully digitised disbursals. The company is now poised to close this financial year with operational month-on-month profitability by March 2021 in spite of COVID-19 related difficulties, thereby giving the consumer B2C FinTech platform combined growth with profitability in the upcoming financial year.
China Daily Global / 2021-01 / 11 / Page006
Chinese chipmakers eye global glory By CHENG YU | China Daily Global | Updated: 2021-01-11 00:00 Amid sanctions and uncertainty, domestic firms ride policy support for self-reliance
This year is likely to prove fruitful for Dou Qiang. The president of Tianjin Phytium Information Technology Co Ltd, a Chinese manufacturer of server chips or integrated circuits (ICs), has been busy answering incessant phone calls from prospective customers desperate to receive supplies of chips. Demand for chips manufactured by Chinese companies has been very intense these days. The number of buy orders had already hit a record high at the beginning of last year, Dou said.