Micron Technology, Inc., today unveiled memory and storage innovations across its portfolio based on its industry-leading 176-layer NAND and 1α (1-alpha) DRAM technology, as well as the industry’s first Universal Flash Storage (UFS) 3.1 solution for automotive applications. The new portfolio additions deliver on the company’s vision of accelerating data-driven insights through innovations in memory and storage that enable new capabilities from the data center to the intelligent edge. Micron President and CEO Sanjay Mehrotra made the announcements during a Computex keynote, in which he shared a sweeping vision for computing innovation and the central role memory and storage play in enabling enterprises to seize the full potential of the data economy.
Synopsis
Locus, a SaaS-based logistics startup, will use the funding from investors GIC, Qualcomm Ventures, Tiger Global and Falcon Edge to fuel its expansion, and research and development.
ETtech
Founded in 2015 by Nishith Rastogi and Geet Garg, Locus uses machine learning and proprietary algorithms to offer supply-chain solutions to customers. (Photo: Locus.sh website)
Mumbai:Locus, a business-to-business (B2B) logistics optimisation startup, has raised $50 million in a Series-C funding round led by Singapore’s sovereign wealth fund GIC.
Qualcomm Ventures and existing investors
Tiger Global and
Falcon Edge also participated in the round, as did angel investors Amrish Rau (CEO of Pine Labs) Kunal Shah (CEO of Cred) Raju Reddy (founder of Sierra Atlantic) and Deb Deep Sengupta (former president and managing director, SAP South Asia).
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- Locus to use funds to focus on innovation, geographical expansion, and scaling the team
SAN FRANCISCO, June 2, 2021 /PRNewswire/ Locus, a future-ready platform that automates supply chain decisions, today announced that it has raised $50 million in Series C funding led by GIC, Singapore s sovereign wealth fund, with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. Noted angel investors Amrish Rau, CEO of Pine Labs, Kunal Shah, CEO of Cred, Raju Reddy, founder of Sierra Atlantic, and Deb Deep Sengupta, former President & MD, SAP South Asia, also participated in the round.
Locus will majorly use the funds for improving geographical reach and building its research and development team to expand the product line.
Locus, a future-ready platform that automates supply chain decisions, today announced that it has raised $50 million in Series C funding led by GIC, Singapore
Micron Accelerates Breakthrough Platform Innovation With Advancements Across Industry s First 176-Layer NAND and 1-Alpha DRAM forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.