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Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock Trax’s co-founders, Joel Bar-El (left) and Dror Feldheim (right), and Trax’s CEO, Justin Behar (center) COVID-19 forced many retailers and brands to adopt new technologies. Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. The Singapore-based company announced today that it has raised $640 million in Series E funding to expand its products, which combine computer vision and cloud-based software to help brick-and-mo...

ZinetroN - stock.adobe.com. Trax and Blue Yonder are partnering together to launch Dynamic Workforce Management to provide retailers and fulfillment centers with real-time demand visibility and a flexible, skilled workforce to solve store issues at scale.  "The retail industry is facing a growing number of challenges when it comes to having the right workforce," said Justin Behar, chief corporate development officer at Trax. "From unexpected changes in consumer demand, to high employee turnover rates, to fierce competition in the labor market, retailers need a solution to meet the ne...

Posted Jan 19, 2021 Retailers and Fulfillment Centers   Integrated solution combats workforce challenges and increases productivity with an artificial intelligence (AI)-driven, on-demand, experienced retail workforce   DENVER and SCOTTSDALE, Ariz. – Jan. 19, 2021 – Trax, a leading global provider of computer vision solutions and analytics for retail, and Blue Yonder®, a leader in digital supply chain and omni-channel commerce fulfillment, today announced a partnership to launch Dynamic Workforce Management to provide retailers and fulfillment centers with real-time demand v...