African logistics startup Lori Systems raises Series A led by Chinese investors

African logistics startup Lori Systems raises Series A led by Chinese investors

African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S. based EchoVC, Flexport CEO Ryan Peterson, and Nigerian founder Iyinoluwa Aboyeji. Lori Systems is not disclosing the amount of the Read more…

UPS and CVS deliver prescription medicine via drone to U.S. residential customers for the first time

UPS and CVS deliver prescription medicine via drone to U.S. residential customers for the first time

UPS is rolling along with its drone delivery program, working with partner CVS Pharmacy to deliver prescription drugs to customer doorsteps via its newly deployed commercial drones. UPS delivered medications to two paying customers on November 1, using the M2 drone system that the logistics company developed in partnership with Matternet. Read more…

MIT develops a way for autonomous delivery robots to find your front door

MIT develops a way for autonomous delivery robots to find your front door

Researchers at MIT have developed a new method of navigation for robots that could be very useful for the range of companies working on autonomous last-mile delivery. In short, the team has worked out how a robot can figure out the location of a front door, without being provided a Read more…

Looking to become the central hub for logistics management, Shipwell raises $35 million

Looking to become the central hub for logistics management, Shipwell raises $35 million

Shipwell, the software platform for managing trucking logistics, has raised $35 million and is expanding its suite of services to become a full-service hub for logistics management.  The new round led by Georgian Partners comes as the company has just expanded its suite of tracking and management tools to integrate Read more…

Fabric raises $110 million Series B to expand its network of automated fulfillment centers in the U.S.

Fabric raises $110 million Series B to expand its network of automated fulfillment centers in the U.S.

Fabric, the startup that wants to make automated logistics available to retailers of all sizes, announced today it has raised $110 million in Series B funding. The round was led by Corner Ventures, with participation from Aleph, Canada Pension Plan Investment Board (CPPIB), Innovation Endeavors, La Maison, Playground Ventures and Read more…

Doorstead co founders Jennifer Bronzo Ryan Waliany

Get guaranteed rent for your home from new startup Doorstead

Missing out on a month’s rent because you can’t find a tenant is a huge loss. Searching for someone to fill a home takes work, while property managers are incentivized to price your place too high leading to costly vacancies. But new startup Doorstead wants to take on the risk Read more…