Condividi questo articolo
Sustainable Supply Chain Technology Company Circulor Closes $14M Funding Round
Circulor's platform uses blockchain and other technologies to help companies track the carbon output in their supply chains.
Di James Rubin
Make us preferred on Google
Sustainable supply chain technology company Circulor closed a $14 million series A funding round and will use the capital to further develop its platform and expand into North America and Asia.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter Crypto Daybook Americas oggi. Vedi tutte le newsletter
The Westly Group, which focuses on transportation, smart building and energy projects, led the round. Salesforce Ventures, BHP Ventures, 24Haymarket and Sky Ocean Ventures also participated.
Aerospace giant Boeing, Volvo Cars and Land Rover were among earlier investors.
Circulor's platform uses blockchain, machine learning and business logic technologies to track supply chain data and carbon output at each stage of production, recycling and end-of-life. The platform helps companies create more responsible sourcing, analyze supply chain emissions, and improve sustainability.
“We are on a mission to make the world’s most complex industrial supply chains more transparent," said Douglas Johnson-Poensgen, CEO of Circulor, in a press release. "Traceability-as-a-Service is fast becoming a requirement for the world’s leading brands and this funding will help us accelerate our impact and revenue growth."
Read more: Commerzbank Tests Blockchain for Managing Corporate Supply Chains
Existing investors in the company include the venture arms of Boeing, Volvo Cars, Jaguar Land Rover and TotalEnergies, Plug and Play as well as BHP Ventures.
Steve Westly, the Westly Group's founder and managing partner, will join the Circulor board.
Di più per voi
Di più per voi
Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
Cosa sapere:
- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
Top Stories
