Press Releases
Ivalua's report, 'Direct Procurement: Mature on Paper, Fragile in Practice,' reveals that US procurement executives face the most pressure to reduce costs, with 77% ranking it as a high priority, while 64% value supplier diversity. Nearly half of global companies acknowledge that a single supplier failure can trigger a supply chain crisis.
Genye Technology has opened a new branch and technology demonstration center in Los Angeles, California, as part of its strategy to deepen its North American footprint. The facility will host equipment demonstrations, application testing, and customer engagement activities, with localized assembly planned for later phases. The center showcases core automation technologies including the 3D Sorter, Mini Loop Cross-Belt Sorter, Singulator with Narrow-Belt Sorter, and Fully-auto Induction Station.
London deep tech company Embedd has announced a $2.7 million pre-seed funding round, led by Seedcamp. The company focuses on building infrastructure for physical AI, automating the integration of chips and software ecosystems through digital twins and AI agents, and has partnered with several semiconductor companies, including Microchip Technology.