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Serve Robotics unveils pricing of $40 million public offering and listing on Nasdaq

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Serve Robotics, a startup providing autonomous sidewalk delivery robots, has unveiled the pricing of its underwritten public offering of 10,000,000 shares of common stock at a price to the public of $4.00 per share, for aggregate gross proceeds of $40 million, prior to deducting underwriting discounts and offering expenses.

The offering includes the participation of one of Serve’s largest stockholders and strategic partners, Postmates, a wholly-owned subsidiary of Uber Technologies.

In addition, Serve has granted Aegis Capital, a 45-day option to purchase up to 1,500,000 additional shares of common stock, equal to 15 percent of the number of shares sold in the offering solely to cover over-allotments, if any. [Read more…] about Serve Robotics unveils pricing of $40 million public offering and listing on Nasdaq

Cybernetix Ventures and Pittsburgh Robotics Network agree strategic partnership

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Cybernetix Ventures, an early-stage venture capital firm focused on robotics, automation, and industrial AI, has agreed a strategic partnership with the Pittsburgh Robotics Network, as part of the firm’s long-term robotics cluster engagement efforts.

The partnership is a joint initiative to set Pittsburgh’s robotics startups up for success, and bring more of the cluster’s investable robotics opportunities to global markets.

Founded in 2021, Cybernetix works with robotics clusters around the world to elevate the most promising robotics founders and startups to the global stage, connecting them to the firm’s diverse ecosystem of potential customers, later stage investors, financial institutions, and acquirers.

Cybernetix will join forces with the Pittsburgh Robotics Network as a Leader Premier Partner and provide their advisory to its startups. [Read more…] about Cybernetix Ventures and Pittsburgh Robotics Network agree strategic partnership

Stay Vigilant: Red Flags and Warning Signs of Crypto Fraud in the Australian Market

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In the ever-evolving landscape of cryptocurrency, navigating the Australian market requires a keen eye for red flags and warning signs of potential fraud.

With the growing popularity of digital currencies, scammers are finding increasingly sophisticated ways to exploit unsuspecting investors.

Here is a look at the key indicators of crypto fraud to protect yourself and your investments from malicious actors. This blog post will also discuss the crypto-related scam that makes ASIC concerned about crypto. [Read more…] about Stay Vigilant: Red Flags and Warning Signs of Crypto Fraud in the Australian Market

How to Use Marketing Technology to Improve Your Business

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In today’s dynamic business landscape, leveraging marketing technology has become essential for businesses aiming to stay competitive and achieve sustained growth.

The right enterprise marketing agency technology can empower companies to streamline processes, enhance customer engagement, and make data-driven decisions.

However, navigating the realm of marketing technology requires a strategic approach tailored to your business’s unique needs and objectives. [Read more…] about How to Use Marketing Technology to Improve Your Business

SKA Robotics opens new office in Hellbender HQ

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SKA Robotics has opened a new office inside Hellbender’s Harmarville, Pennsylvania headquarters as part of a larger strategic partnership.

The close collaboration means that customers can now go from idea to working prototype to production-volume manufacturing, all under one roof, with teams that routinely and deeply partner to solve the most complex robotics challenges.

The companies aren’t new to each other; Hellbender holds a seat on SKA Robotics’ advisory board, which is filled by their CEO, Brian Beyer. [Read more…] about SKA Robotics opens new office in Hellbender HQ

Scrut Automation raises $10 million in growth capital

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Governance, risk, and compliance (GRC) platform Scrut Automation has raised $10 million in growth capital from existing investors Lightspeed , MassMutual Ventures and Endiya Partners.

The Scrut Automation team will use the funding to enhance their platform capabilities, incorporate generative AI use cases to reduce the manual effort for risk and compliance teams and expand to North American and European markets.

With this round, the company has now raised $20.5 million in total venture funding since its inception in 2021. [Read more…] about Scrut Automation raises $10 million in growth capital

Kiwibot acquires Auto Mobility Solutions

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Kiwibot, a start-up known for its AI-powered autonomous delivery robots on US college campuses, is to acquire Auto Mobility Solutions (AMS) a Taipei-based IC Chip developer for AI mobile self-driving core technology and robot cybersecurity.

This strategic collaboration marks a significant milestone in both companies’ journeys towards innovation and safeguarding privacy in the robotics industry, particularly for intelligent robots sourced from China and deployed in the Western markets.

Bringing AMS under its wing, Kiwibot gains a team renowned for its technological prowess and will have the right to use over 100 licensed patents in robotics.

[Read more…] about Kiwibot acquires Auto Mobility Solutions

Honeywell to acquire Civitanavi Systems

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Honeywell has revealed its intention to acquire the entire share capital of Civitanavi Systems.

Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing).

The acquisition will further strengthen Honeywell’s capabilities to help its customers create autonomous operations in aircraft and other vehicles. [Read more…] about Honeywell to acquire Civitanavi Systems

The Evolution of Cryptocurrency Trading: Insights From an Australian Crypto Exchange

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Australia was one of the early adopters of cryptocurrency after the introduction of Bitcoin in 2009.

According to a survey by Statista in Australia 2022, less than 9% of the over 2000+ respondents claimed zero cryptocurrency awareness. More than 28% of this demographic owned at least one cryptocurrency.

Consequently, crypto exchanges have evolved from mere underground forums to important crypto facilitators, with the likes of Independent Reserve entering the market as far back as 2013. [Read more…] about The Evolution of Cryptocurrency Trading: Insights From an Australian Crypto Exchange

Streamlining Success: How Project Managers Can Optimize Workflow

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In the dynamic field of project management, efficiency isn’t just an asset; it’s a necessity.

Project managers are continually looking for ways to optimize workflow, reduce waste, and deliver projects on time and within budget.

By streamlining processes and leveraging the right tools and strategies, project managers can significantly enhance the efficiency of their operations.

[Read more…] about Streamlining Success: How Project Managers Can Optimize Workflow