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Autonomous Delivery Startup Nuro Nets $500M In Funding On $5B Valuation

PYMNTS

Rowe Price Associates, with participation from new investors, including Fidelity Management & Research Company and Baillie Gifford. That vehicle also made headlines for being the first one to drive on public roads in three different states: California, Texas and Arizona. The round was led by funds and accounts advised by T.

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Einride Presses The Pedal On Autonomous Delivery

PYMNTS

The company works in partnership with fleet managers to deploy those vehicles, or sells them outright, and has clients such as supermarket chain Lidl. the grocery retailer, and Nuro, the SoftBank -backed robotics company, announced in March the launch of their autonomous grocery delivery service in Houston. Grocery Battleground.

Houston 116
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Neiman Marcus Emerges From Chapter 11

PYMNTS

He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.

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Inside Chipotle’s Decade Of Digital-First Ordering Innovation

PYMNTS

The company has partnered with autonomous technology firm Nuro with plans to put driverless delivery vehicles to work in Houston, Texas, by the end of 2019. Fellow fast food chain KFC , meanwhile, is adding automation to its kitchen operations in the United Kingdom and Ireland. Deep Dive: Enhancing Customer Service With CRM Tools.

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Bill.com Acquires Divvy For $2.5B To Enter The Spend Management Space

CB Insights

Bill.com , a cloud-based billing, accounting, and payments platform, has acquired Divvy , a spend management platform, in a stock and cash deal valued at $2.5B. Divvy: Utah-based Divvy is a spend management platform that integrates expense management and smart corporate cards into a single platform for enterprises.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. By Ed Avis.

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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

Retailers are leveraging technology, such as artificial intelligence and augmented reality, to enhance operational visibility and personalize their customer service, a new necessity in fast-changing and demanding consumer market. “We’re in a test-and-learn phase as we consider what other investment routes we should explore.

Retail 59