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Trax Raises $10M

Scottsdale-based technology company Trax has received an infusion of $10 million in private-equity investment. The investment, from River Cities Capital Funds (or RCCF) and Capital Southwest, is Series B funding.

Trax provides software as a service (or SaaS) technology and managed services to help its customers process invoices for freight shipment and logistics services. The company has been in business for 20 years, and processes more than 100 million freight bills a year.

 

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The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities. 

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon.