B2B startup Fashinzaraises USD 20 million series A funding co led by Accel Partners and Elevation Capital to build a more transparent and sustainable

Fashinza, a global B2B manufacturing marketplace, announced today that they have raised $20 million in a mix of equity and debt as part of Series-A Funding. The round was co-led by marquee existing investors Accel Partners and Elevation Capital along with Abu Dhabi’s DisruptAD, Stride Ventures, Alteria Capital, and Tradecred. The round also saw the participation of Anand S Ahuja (MD, Shahi Exports & Founder, Bhaane) and actress Sonam Kapoor Ahuja, both of whom are vocal supporters of sustainable fashion. The funds will be utilized to invest in supply-chain technology and expand the company’s presence and manufacturers' base globally, especially in the US and the Middle East. Previously, in 2020, Fashinza had raised $2.6 mn from Accel and Elevation as a part of its seed round. 

Team Fashinza is on a mission to create sustainable and futuristic supply chains for fashion brands while improving the lives of workers. They connect family-run small/mid-sized audited factories to the cloud with their mobile-based production management and visibility software. In May 2021, the company expanded its operations to New York with the aim of reinventing the $800 bn global fashion manufacturing for the e-commerce era, which is more agile, fast, transparent, and sustainable. Their platform provides end-to-end online ordering for brands, complete production tracking from the factory floor, low MOQs, and fast but ethical production. For an industry addicted to low cost and overproduction, this could be a way to reduce wastage and its impact on the environment. In addition, they are solving critical problems of working capital and payment trust with embedded financing solutions like Net 60 payment terms. 

They are currently present in 10 countries and have partnered with brands from the US, Canada, UK, Middle East, and India. At present, they're associated with 150+ leading brands including Forever 21, Hummel, Centrix Brands, and Amaro. Post pandemic, brands have been scrambling to diversify their supply chains, find new suppliers, and reduce their dependence on a single source. Multiple brands have used Fashinza to diversify their supply chains across countries like China, Bangladesh, Sri Lanka, Vietnam,and India. 

Commenting on the fresh funding, Pawan Gupta, CEO & Co-Founder, Fashinza, said, “Fashinza has grown over 20x in the last 12 months. Covid has ceased travel and complicated the global apparel supply chain. Our AI-led technology platform automates everything from finding the right supplier to managing production across stakeholders. We started Fashinza because we wanted to help small and medium ethical factories employing millions of workers, connect with global demand and eliminate environmentally unsustainable practices of this industry like overproduction. By 2030, we want to build an environmentally net positive supply chain at a scale that doesn’t even cost extra.” 

 

Abhishek Sharma, COO, and Co-Founder, Fashinza, added, “Apart from the core offerings, we are also solving credit for fashion brands and suppliers in cross-border transactions through our Buy Now Pay Later program where we offer Net 30/Net 60 payment terms for buyers. We solve working capital challenges for suppliers through an embedded fintech ecosystem that operates on our core supply chain technology and data. This allows the supply chain to operate ethically and ensure workers get paid fairly and timely.” 

 

In his comments,Pratik Agarwal, Principal, Accel Partners, said,“At Accel, we’re delighted to deepen our commitment and relationship with the Fashinza team. We’re inspired by their electric execution against their vision to help fashion brands adapt to the e-commerce era with Fashinza’s agile manufacturing capabilities. We also admire Abhishek’s and Pawan’s priority to build a strong leadership team very early on. The early success Fashinza has achieved serving global brands validates the massive opportunity they’re going after. We’re confident Fashinzacan serve as a role model for more Indian startups building for the world from the get-go. We’re grateful for this partnership and super excited for the future! 

 

According to Akarsh Shrivastava, Vice President, Elevation Capital“COVID-19 has further underscored the need for agility and responsiveness for brands. Over the past year, Fashinza has been able to design and deliver an offering that addresses multiple issues in the supply chain, thereby alleviating this need for their brand customers and supplier base. Growth and customer satisfaction have only strengthened our belief in the opportunity. It has been a pleasure and privilege to work with Pawan, Abhishek and the rockstar Fashinza team as they disrupt this $600 bn opportunity. Super thrilled to deepen our commitment and relationship with Fashinza. 

THINKWARE Announces Dash Cam Deals for Summer Travel

United States, July 19, 2021 – World-leading Korean dash cam brand THINKWARE today announced new dash cam discounts as many Americans take to the roads for summer vacation. From July 19th to August 8th, discounts on THINKWARE’s top dash cams can be found on its website, Amazon, Best Buy and other select online specialty retailers. 

At various times during the promotion, the following models are on sale, including: 

  • U1000: The flagship U1000 delivers sharp native 4K UHD video quality. It can also be accessorized with a 2K QHD rearview camera and hardwiring cable for complete, best-in-class 24/7 all-round protection on the road
  • X1000: The latest touch screen dash cam from THINKWARE, featuring front and rear 2K QHD (Quad High Definition) recording, Ultra Night Vision 3.0, and Ultra-low Power Parking Mode Technology.
  • Q800 PRO and QA100: A high end dash cam capable of recording in 2K QHD 1440p and road safety warning system supported.
  • X700: Equipped with easy to navigate touch screen, full HD two-channel, advanced driver assistance, parking surveillance mode and more.
  • F200 PRO: One of the newest dash cams from THINKWARE, this versatile dual-channel dash includes features such as Super Night Vision, time-lapse photography in parking mode and a full HD rear camera. 
  • FA200: A versatile dual-channel dash cam with built-in Wi-Fi.
  • F70: Save on this entry-level dash cam featuring the latest Energy Saving Parking Recording Mode.
  • M1 Motorsports Cam: A deal for outdoor enthusiasts, the M1 is for motorcycles, ATVs, and UTVs, and comes equipped with 2-channel full HD cameras with Advanced Electronic Image Stabilization.

                                                          

  • iVolt Mini External Battery: Compatible with all THINKWARE models, iVolt Mini External Battery increases the duration of the Parking Surveillance mode, allowing it to remain in parking mode for up to 20 hours, or 16 hours with a rear cam added.

 

The following models and accessory will be on sale during these limited timeframes:

  • On sale July 19-25: F70, FA200, X700, F200 PRO, Q800 PRO, U1000, QA100, X1000
  • On sale July 26-August 1: F70, FA200, X700, F200 PRO, Q800 PRO, U1000, QA100
  • On sale August 2-August 8: FA200, X700, F200 PRO, Q800 PRO, U1000, M1, QA100, X1000, iVolt mini external battery

“As people gear up for vacation this summer, their vehicles won’t be taking time off. To prepare for those longer trips, it’s a great time to do a check of your vehicle’s safety and net a great deal on a THINKWARE dash cam in the process,” said Brian Yang, THINKWARE’s Director of North American Business Development. "When planning your summer trip, THINKWARE dash cams should be at the top of the list of items to have, packed with the latest technology and advanced features that offer peace of mind while driving to your favorite summer vacation getaway.”

For more information, visit the Thinkware website at www.thinkware.com.

About THINKWARE

Global IT Corporation THINKWARE DASH CAM was founded in Korea in 1997. Through consistent research and development in the field of smart car technologies, THINKWARE DASH CAM has established itself as the market leader in various sectors such as dash cams, electronic maps, navigation, mobile applications and Car Device.

Spearheading the competition with world-class image processing technologies and intuitive, user-friendly interface, THINKWARE DASH CAM debuted in the US market in 2014. THINKWARE DASH CAM has confirmed it will be exporting its DASH CAM lines into 17 other countries including US, Canada, UK, and Japan.

THINKWARE DASH CAM has continued to astound the industry with its world-class DASH CAM lines during their presence at global exhibitions like CES, SEMA, and The Gadget Show Live. For CES 2017, the world’s largest consumer electronics show, THINKWARE received the Innovation Award of the Year for excellence in technology and design. The company has also received the IF, IDEA and Red Dot Design Award.

 

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Virtual Networking Market 2021 Key Competitors Analysis with Recent Trends

Overview:

Market Research Future (MRFR)’s study indicates that the global virtual networking market is poised to mark a CAGR of 34.3% during the forecast period 2018 to 2023. The report further reveals that the global market is anticipated to value at USD 62,080.4 Mn towards the end of 2023. With the advent of globalization and digitization, enterprises are leveraging server virtualization for reaching more customers. The multi-tiered application architecture supported by server virtualization is likely to augment the global virtual networking market over the next couple of years.

The developments in the IoT technology is prognosticated to pave the way for the growth of the virtual networking market in the foreseeable future. In addition, the market is presumed to scale new heights with the integration of cloud-based platforms. The amalgamation of cloud and IoT technology has been presumed to boost the growth trajectory of the virtual networking market over the assessment period.

Key players are focusing on the capitalization of 5G services for the growth of the market. The market looks attractive at present and has been forecasted to remain so in the upcoming years. Nevertheless, the lack of technical expertise coupled with high costs associated with research & development is prognosticated to check the expansion of the virtual networking market across the review period. 

Global Virtual Networking Market – Competitive Dashboard:

The major players profiled in this MRFR report are Microsoft Corporation, IBM Corporation, Huawei Technologies Co. Ltd, Oracle Corporation, VMware, Inc., Citrix Systems, Inc., Virtual Network Solutions, Hewlett Packard Enterprise Co., and Verizon Communications Inc.

 

Global Virtual Networking Market – Segmental Analysis:

By type, the virtual networking market has been segmented into hardware, software, and services. Among these, the services segment currently holds the maximum market share and is projected to value at USD 31,911.2 Mn by the end of 2023. It is also expected to thrive at a relatively higher CAGR owing to a drastic increase in virtual cloud networking, network automation, and DevOps automation.

By application, the virtual networking market has been segmented into BFSI, public sector, manufacturing, hospitality, IT & telecommunication, and healthcare. Among these, IT & telecommunication segment presently dominating the global market. The report indicates that the segment’s value is likely to reach USD 17,584.6 Mn towards the end of 2023 expanding at a comparatively higher CAGR of 37.17%. The deployment of virtual networking in the IT sector assures cost-cutting and efficiency, which is likely to favor the growth of the segment over 2023.

 

Regional Outlook:

The global virtual networking market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA). North America is poised to hold a dominant share and grow from USD 4,252.5 Mn in 2017 to USD 25,179.8 Mn towards 2023-end. The U.S. is estimated to contribute most significantly towards the development of the virtual networking market in the region. In addition, the presence of highly advanced IT infrastructure is anticipated to drive the proliferation of the regional market in the forthcoming years.

Europe, placed at the second spot, is estimated to be valued at USD 16,476.1 Mn by the end of the assessment period. The U.K. and Germany are the most vital country-level virtual networking markets of the region.

Asia Pacific is a highly lucrative virtual networking market. The growth of the digital platforms and the reliance on IT across major industry verticals is expected to propel the expansion of the virtual networking market in the region. It is estimated to expand at a relatively higher CAGR of 35.71% over the assessment period. Fast-developing economies such as China, Japan, South Korea are presumed to witness accelerated revenue creation in the forthcoming years. Meanwhile, virtual networking markets in Latin America and the Middle East & Africa are poised to exhibit substantial growth at 31.51% and 32.79% respectively.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/virtual-networking-market-7382

 

About Market Research Future:

At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

Contact

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Email: sales@marketresearchfuture.com

CloudFabrix Announce Strategic Partnership to Provide Complete Data Center Transformation

ANN ARBOR, Mich.--()--Verge.io, a leader in Software Defined Data Center solutions, is pleased to announce that AIOps (Artificial Intelligence for IT Operations) industry leader CloudFabrix has selected the Verge-OS platform to form the basis of a strategic new partnership.

“We’re incredibly excited to work with Verge.io, who’s well known for pioneering the Software Defined Data Center space, to facilitate the smooth transition to a Verge.io virtualized data center with minimal risk for our clients.”

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This partnership will combine Verge.io’s data center virtualization operating system with CloudFabrix’s AI-based Asset Intelligence Operations to provide a complete data center transformation for enterprise and channel service provider organizations. With full data center virtualization and the intelligence around all IT assets including network, compute, storage, and applications, once-siloed infrastructure assets become fully utilized with minimal effort while avoiding unnecessary infrastructure costs.

Verge.io brings data center virtualization and transformation to the forefront of MSP and enterprise organizations while complementing the CloudFabrix value of reducing complexity and creating operational excellence for clients. It is the first and only operating system of its kind that abstracts the functions of networking, compute (hypervisor), and storage components from commodity bare metal hardware to create virtual data centers.

“Never before has the combination of AI-based Asset Intelligence and a data center virtualization operating system been used to assure a successful data center transformation,” said Bhaskar Krishnamsetty, Chief Product Officer at CloudFabrix. “We’re incredibly excited to work with Verge.io, who’s well known for pioneering the Software Defined Data Center space, to facilitate the smooth transition to a Verge.io virtualized data center with minimal risk for our clients.”

“We’re thrilled to assist CloudFabrix with taking the guesswork out of the digital transformation process and reducing risk through the Verge-OS platform,” said Matt Wenzler, CEO at Verge.io. “This strategic partnership will help organizations realize operational efficiency, cost savings, and a high ROI and I look forward to working with CloudFabrix for many years to come.”

About Verge.io

Verge.io is a software-defined data center (SDDC) company whose platform, Verge-OS, is the first and only single operating system to offer a fully integrated cloud software stack used to build, deploy and manage virtual data centers. For more information, visit www.verge.io.

About CloudFabrix

CloudFabrix is the provider of the AIOps and Observability platform that scales and accelerates digital IT lifecycle planning and autonomous IT operations. CloudFabrix empowers IT leaders and operations personnel with AI-powered actionable intelligence to make faster and better decisions. For more information, visit www.cloudfabrix.com

Contacts

Loni Soulliere
734.233.1996
lsoulliere@verge.io

New Qi 1 3 Wireless Charging Reference Design Unveiled to Accelerate Development of Automotive and Consumer Qi Transmitter

The Wireless Power Consortium (WPC) has recently released the Qi 1.3 specification that requires authentication for improved safety when transmitting up to 15W of power between a transmitter and a receiver.

To meet the requirements of the specification, Microchip Technology Inc. (Nasdaq: MCHP) announced today a new Qi® 1.3 wireless charging reference design providing developers of wireless charging systems for automotive and consumer applications with the necessary tools and support for the seamless integration and certification of new-generation product designs.

For wireless charging system developers launching certified Qi 1.3 transmitters under tight timelines, Microchip’s three-coil Qi 1.3 reference design provides a head start for product development. The reference design fully integrates secure storage subsystem software with the wireless power microcontroller (MCU) and is a flexible solution, enabling custom topologies and foreign object detection (FOD) implementation.

As a regular member in the Wireless Power Consortium (WPC), which sets global standards for wireless charging of mobile devices, Microchip provided expertise during development of the recently released Qi 1.3 specification. Qi 1.3 is a significant update from Qi 1.2.4 and mandates hardware-based authentication between transmitter and receiving devices for power transfer above 5W. By adhering to the new authentication standard, designers can ensure phones receiving 15W are receiving it from a Qi-certified authenticated transmitter to ensure safety.

“Wireless charging makes it easy and convenient for consumers to charge devices and, as a result, demand for these systems in the automotive and consumer segments is on the rise,” said Joe Thomsen, vice president, MCU16 business unit. “Microchip’s Qi 1.3 reference design, tools and support help engineers to meet rapidly evolving development requirements and enable easy certification of the new Qi 1.3 transmitter designs, speeding time to market and easing end-product certification.”

Included in Microchip’s reference design solution for wireless charging systems are all required elements: Qi controller, Qi application software, provisioned authentication controller that is a WPC-approved secure storage subsystem and crypto software libraries that execute on the Qi controller. The reference design includes complete schematics, bill of materials, software and design guidelines. Microchip is partnering with Avnet to make evaluation boards for the Qi reference design available to qualified customers around the world.

To support its Qi 1.3 wireless power solution, Microchip provides the dsPIC33C family of devices to run the Qi application software and the ECC608/TA100 secure storage subsystem provisioned by Microchip as a licensed WPC Manufacturing Certificate Authority. As a total system solution, this reference design also incorporates MIC4605 and MCP14700 gate drivers, MCP16331 and MCP1725 regulators, an MCP6C02 current sense device, an ATA6563 CAN transceiver and an MCP9700 temperature sensor.

 

Pricing and Availability

Microchip’s Qi 1.3 wireless charging transmitter reference design are available for demonstrations and evaluations for qualified customers. The company will provide a license agreement to access the reference design software. Evaluation boards for these reference design will be available for purchase for qualified customers through Avnet in August 2021.

For pricing and additional information, contact a Microchip sales representative, authorized worldwide distributor, or visit Microchip’s website https://www.microchip.com /wireless-power