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The Rounds Raises $24M Series B to Accelerate Sustainable, AI-Driven Last-Mile Delivery

The Rounds Raises $24M Series B to Accelerate Sustainable, AI-Driven Last-Mile Delivery

Associated Press, August 21, 2024

NEW YORK, Aug. 21, 2024 /PRNewswire/ -- The Rounds, an inventory management platform that delivers recurring grocery and household essentials in reusable packaging, today announced a $24 million Series B funding round led by Moderne Ventures, with participation from FJ Labs and existing investors, bringing its total funding to date to $66 million. The company will use the investment to scale its AI-powered service, strategically focusing on profitable growth in existing markets, expanding its team across machine learning, data science, and executive leadership, and launching new markets. The funding comes at a time of rapid progress towards market profitability. Since its Series A, The Rounds has posted 6X revenue growth, opened a state-of-the-art facility in Washington D.C., launched cold chain operations, and extended its closed-loop supply chain with local vendors.

Flying's Never Been Safer, Says MIT Study

Flying's Never Been Safer, Says MIT Study

Barron's, August 8, 2024

Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade.

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Artificial Intelligence

Healthcare

Supply Chain

De-risking global supply chains: Looking beyond material flows

De-risking global supply chains: Looking beyond material flows

Hinrich Foundation, October 29, 2024

Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.

Climate