TechTaffy

tech:

taffy

Trax Raises $10M

By TechTaffy Desk

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.

 

Just in

AI

Anthropic introduces team plan, iOS app for Claude AI

Anthropic announced two updates for its AI assistant, Claude: a new Team plan and an iOS app.
Industry

Tencent, Mercedes-Benz, EA partner for in-car gaming

Tencent, Mercedes-Benz, and Electronic Arts (EA) announced their partnership at Auto China 2024 to bring in-car gaming to Mercedes-Benz vehicles in China.
AI

Amazon Q generative AI chatbot now generally available

Amazon Web Service (AWS) has announced the general availability of Amazon Q, a generative AI-powered assistant that leverages companies' internal data.
Fundings

Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.
Around the web

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.