tech:

taffy

Revel Systems Raises $10.1M

IPad point-of-sale (POS) systems company Revel Systems has secured $10.1 million in expansion capital.

The funding has come from two private investors based in Asia-Pacific. Tim Tighe, former CEO of Hungry Jack’s (Australia’s Burger King master franchisee) and senior vice president of McDonald’s Southeast Asia, has invested and will join the company’s advisory board. 

Cornerstone investment has come from Sean Tomlinson, managing director of Rasley, who joins Revel’s board of directors.  

The bulk of funds raised will go to increasing the company’s sales and servicing capacity, says Revel. Revenues doubled over the past six months, according to the company, and Revel will immediately increase headcount at its San Francisco headquarters by 50 percent. Revel also plans to begin construction of a new distribution center for iPad POS hardware on the west coast, in addition to its existing location in Orlando, Florida.

Revel Systems was founded in 2010 in San Francisco, CA.

[Image courtesy: Revel Systems]

Just in

Best Buy to implement generative AI working with Accenture, Google

Best Buy, in collaboration with Google Cloud and Accenture, has announced plans to deploy generative AI (gen AI) to enhance customer support services and assist employees.  

Intel introduces Gaudi 3 AI accelerator: Going bigger and aiming higher in AI market — AnandTech

The latest iteration of Gaudi will be launching in the third quarter of 2024, and Intel is already shipping samples to customers now, writes Ryan Smith.

Google unveils custom Arm-based chips, following similar efforts at rivals Amazon and Microsoft — CNBC

Google is launching a custom-built Arm-based server chip that will become available later in 2024, according to the report.