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Payworks Raises $14.5M To Grow POS Technology

PYMNTS

Founded in 2012, Payworks offers a variety of omnichannel payment providers a next-generation payment gateway technology, operated in the cloud and provided in a Software-as-a-Service model. Payworks announced that it has completed a $14.5M

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UK's Online Grocer Ocado Sued Over Patent Claims

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online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado's automatic storage system is based on the ones AutoStore is already using, according to Reuters.

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Macy?s Names Chief Technology Officer To Lead eCommerce Teams

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After serving as the VP of technology at The Home Depot , Naveen Krishna is heading to Macy’s to become the retailer’s chief technology officer. Naveen’s track record in omnichannel retail makes him the perfect fit to lead the Macy’s technology organization at this critical time.”. The retailer’s website has 55.9

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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

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Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8

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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

PYMNTS

Ocado is embroiled in a patent lawsuit over robotically operated warehouse technology with AutoStore. That robotics company claims that Ocado, a customer since 2012, is using a storage system based on AutoStore’s setups. Although Ocado only claims 1.7

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US Judge: Uber Can Be Sued For Allegedly Forcing Out Rival

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A lawsuit against Uber alleges that the company engaged in deceitful practices to drive its competitor Sidecar Technologies out of business in 2015, according to Reuters. The lawsuit alleges that Uber began offering low fares for passengers and better incentives for drivers to bust into the market.

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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

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The new funding will be used to boost the company’s operations, with a focus on global growth. Founded in 2012, Cybereason boasts distribution in all major global markets. AI-driven technology from Cybereason is helping secure our increasingly connected world.”.

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