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- Cork-based Keelvar, a supply chain automation software, has raised $18 million in Series A funding led by Elephant and Mosaic Ventures with participation from Paua Ventures.
- Keelvar has developed AI-enabled ‘sourcing bots’ to automate tactical buying processes, specifically sourcing and procurement. The Irish startup says it manages over $90 billion in annual spend for enterprises and blue-chip companies such as Siemens, Coca-Cola, Novartis, BMW and Samsung.
- The Irish company plans to expand across Europe and into the US.
- Keelvar will invest in R&D and grow the team, filling new roles in engineering, artificial intelligence/machine learning, product development, professional services, design, sales and marketing.
- The Verge
- this week
- Samsung’s Sero TV, which rotates between landscape and portrait orientations depending on what kind of content you’re watching, has gone on sale in the US and UK.
- The 43-inch TV is available for $1,999.99. That’s a lot considering the TV’s relatively small screen size, but you’re still getting a 4K QLED panel.
- Back at CES 2020, Samsung announced that it would be bringing the TV to the US and other global markets. The thinking is that the TV’s portrait orientation will mean it’s better at showing Instagram stories, TikTok videos, Snapchat content, and any other videos typically shot vertically rather than horizontally.
- this week
- The global smartphone market saw its worst decline ever in the first quarter of 2020, with sales to end users plummeting by 20.2 percent.
- The decline, caused by the COVID-19 pandemic and the subsequent economic fallout, hit all five top vendors - except for Xiaomi, which grew its sales by 1.4 percent year-over-year.
- Gartner's research shows Huawei taking the biggest hit, with sales for the quarter down more than 27 percent. Still, Huawei held on to the No. 2 spot behind Samsung.
- Samsung managed to maintain its status as the top vendor - with more than 18 percent market share - despite its smartphone sales declining by nearly 23 percent.