Congrats @nilayparikh13 and @ArvistAI on your pre-seed round, and thanks for letting me and @TheCouncilCap join you on the journey.
Can’t wait to see how your digital twin tech will transform warehousing and distribution center ops for supply chain professionals ⛓️📦🚚
Happy Friday! Another crazy week in the world of commerce including funding announcements, partnerships, feature releases, layoffs, and more.
1. Huge congrats to @nilayparikh13 and the @ArvistAI team for announcing their oversubscribed Pre Seed round of $1.1mm. Arvist uses digital twin technology and existing camera infrastructure to increase efficiency while reducing risks in the warehouse. Very proud of you, Nilay!
2. @wearetakt announced the launch of their employee app for Android devices, computers, and vehicle mounted devices. The app enables employees with real time data about their current shift including performance trends, things to focus on, and time spent on non-scanning activities. Huge win for a great emerging LMS!
3. @siena_ai announced their integration with @GetStayAi to continue their pursuit of the subscription market. Over the last several months, the company has now integrated with Skio, Recharge Payments, and Stay Ai. Safe to say there was a clear go to market strategy!
4. @GetStayAi announced their churn reporting dashboard enabling users to get a cohort based understanding of their customers. Great breakdown listed on the Stay Ai website!
5. @BigCommerce announced a layoff that will impact 7% of their workforce on their earnings call earlier this week. If anyone in my network is impacted and is looking for a role at a startup in the commerce enablement space, don't hesitate to reach out!
6. @CommandBar announced mobile compatibility on the web, iOS and Android apps. The following features are now available on mobile : Copilot, HelpHub, and Nudges.
7. @ridgewallet announced the launch of their travel category including backpacks, bags, and carry-ons. Super exciting announcement dropped at the perfect time to make a great holiday gift. Congrats, @seanfrank.
Which of these announcements will be most impactful moving forward?
Happy Veterans Day!
#commerceweekinreview
We are happy to announce our oversubscribed pre-seed funding round!
This funding will fuel our mission to empower supply chain professionals to gain insights from their existing infrastructure allowing for more efficient warehousing operations
https://t.co/4AEmq9skj8
“"It's a very tough time to fundraise, & investors want to see more than just an idea. … In our case, we waited until we actually deployed it & had customer testimonials from people who were actually using it." @nilayparikh13 of @ArvistAI
❤️#Loftyfamily
https://t.co/K1sViUEDwG
Our team had a blast being part of the @1871Chicago AI Innovation Lab the past 12 weeks, working with cutting-edge AI startups, corporate partners & pitching in front of a fantastic Chicago tech ecosystem audience which showed up in droves for the AI Innovation Summit!
We are proud to announce that we are now part of the @PlugandPlayTC's Supply Chain Accelerator!
As part of the program, our founder @nilayparikh13 had a chance to visit some exciting facilities like the Port of Savannah, a 2.1 M Sq ft Walmart Distribution Center & more!
Another excellent fireside chat event by @ClaudeCimeus! This time with the Chicago legend @samyagan.
"Immigration is very much like entrepreneurship, you are taking an uncertain leap, with a high upside but also a massive risk" - Loved this as an immigrant founder!
Thrilled to join this expansive community of tech founders, leaders, innovators, and supporters at the #1 private business incubator in the world!
#techchicago#startups
Going forward our address will be the @1871Chicago office in Downtown Chicago! Excited to be part of what is Chicago's technology hub and the #1 ranked private business incubator in the world.
We are walking around the floor at #Safety2022 by @ASSPSafety! DM us to set up a meeting and learn about the most powerful AI powered workplace safety solution out there!
We are happy to announce that Werner Stapela will be joining Be Global Safety as a Senior Advisor to the company bring decades of experience in the manufacturing industry including at companies like Stratasys, ITW and most recently as Global Head of AM at Danfoss! Welcome:)
The D-Day (Demo day) is here for the @TechstarsFuture and final preparations are underway at the @UTKnoxville Auditorium. See you all in Knoxville tonight!
Join us (virtually!) for the first ever @TechstarsFuture Demo Day. Our founder @nilayparikh13 and 9 other amazing founders will be presenting the latest in deep tech. It is going to be a lot of fun!
Join me for @TechstarsFuture Virtual Demo Day on June 1st at 10am EST to hear from 10 #deeptech companies building novel breakthrough technology! I will be joined by @jim_adler, MD @Toyota_Ventures, and @nmanaloto, MP of Qubits Ventures
Register now: https://t.co/GweFOudYt7
Leading into Demo Day we're spotlighting the founders + companies in our IoF cohort! 😎
Meet Nilay Parikh, CEO + Founder of @BeGlobalSafety1: https://t.co/yTIA3s8JpY
👉 Don't forget to register for our virtual Demo Day on June 1st to hear from more! https://t.co/ey0wVmeHLQ