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Stitch Labs Raises $3.5M Series A Round

Stitch Labs, a cloud-based, real-time inventory and business management company, has closed $3.5 million in Series A financing. The investment was led by Greg Sands from Costanoa Ventures, with support from True Ventures and Greg Waldorf. This is Stitch Labs’ second round of funding with the previous closing of $1 million in February 2012.

Stitch Labs has grown tenfold in 2013 and is currently processing more than one million orders per month, according to the company.

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Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.