High Alpha
Assembly Line
Paccurate Raises $8.1M Series A to Lead the Future of Packing Intelligence for Retailers and Shippers
Paccurate, the packing intelligence platform for parcel shippers, announced the closing of an $8.1 million Series A funding. The round was led by High Alpha, with participation from Tech Square Ventures, Grand Ventures, HPA (Hyde Park Angels), Las Olas Venture Capital, Springtime Ventures and Royal Street Ventures.
As e-commerce continues to grow, and pressure mounts for companies to reduce shipping costs and hit environmental, social and governance (ESG) goals, Paccurate’s patented technology enables smarter packing decisions for businesses that both lower costs and enhance sustainability efforts. Using the packing intelligence platform, companies like Daily Harvest, Our Place and Barrett Distribution Centers have reduced Scope-3 emissions, seen up to a 15% reduction in shipping costs and cut corrugate usage by 14%.
Paccurate’s patented technology includes a lightweight API that suggests the optimal packing solution for every shipment. Shippers can also leverage PacSimulate, a powerful analysis tool that identifies ideal carton mixes or other packaging types, and measures the impact of changes to warehouse automation. The complete platform lowers shipping costs, reduces waste and ensures compliance with emerging regulatory requirements for packing efficiency.
Globality Raises $47 Million to Accelerate Growth of Its Industry-Leading AI-Powered Autonomous Sourcing Software
Globality, the market leader in AI-driven sourcing and procurement, announced that it raised $47 million in a Series D-1 and Series D-2 preferred stock offering. The offering was supported by the company’s existing preferred shareholders and new investors, including Rollins Capital, and brings the total capital raised by Globality to $356 million.
Founded almost ten years ago as a native AI company to revolutionize how large enterprises manage spend, source suppliers, negotiate lower costs, and evaluate performance, Globality’s Fortune 500 customers include Fidelity, Santander, British Telecom, Tesco, IQVIA, T. Rowe Price, Invesco, Hewlett Packard, Dropbox, and Allegis Global Solutions. By deploying Globality’s platform, companies reduce costs by 10% – 20% across all their spend, while capturing 60% – 90% operating efficiencies and achieving better business outcomes.