<div>
  <ul>
    <li>
      <p>
        Ally Robotics, a developer of smart robotic arms, raised USD 4.7 million in seed funding from 2,100 investors via the crowdfunding campaign 
        <a href="https://sp-edge.com/updates/10601">
          launched in May.
        </a>
      </p>
    </li>
    <li>
      <p>
        The company intends to use the funds for product development and to support personnel and general expenses.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         Raising equity through crowdfunding is becoming increasingly popular and also successful in the restaurant industry robotics space. Startups that recently closed such campaigns include robotic boba tea bar 
        <a href="https://sp-edge.com/companies/1192708">
          Bobacino
        </a>
        <a href="https://sp-edge.com/updates/12341">
          (August 2022),
        </a>
         pizza-making robot developer 
        <a href="https://sp-edge.com/companies/1164109">
          Piestro
        </a>
        <a href="https://sp-edge.com/updates/11964">
          (July 2022),
        </a>
         kitchen automation company 
        <a href="https://sp-edge.com/companies/461591">
          Miso Robotics
        </a>
        <a href="https://www.ottomate.news/p/miso-robotics-raises-35m-in-latest?s=r">
          (November 2021),
        </a>
         smoothie-making robotic kiosk developer
        <a href="https://sp-edge.com/companies/1300543">
          Blendid
        </a>
         (
        <a href="https://sp-edge.com/sectors/commerce-and-hospitality/updates/5410">
          September 2021),
        </a>
         and pasta-making robot developer 
        <a href="https://sp-edge.com/companies/815567">
          DaVinci Kitchen
        </a>
        <a href="https://sp-edge.com/sectors/commerce-and-hospitality/updates/4053">
          (July 2021).
        </a>
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://waxinvest.com/projects/ally-robotics/">
      Crowdfunding campaign
    </a>
  </p>
  <p>
    <a href="https://www.prnewswire.com/news-releases/ally-robotics-launches-to-open-new-era-for-attainable-robotics-in-restaurant-industry-and-beyond-301548834.html">
      Press release
    </a>
  </p>
</div>


Restaurant Industry Robotics

Ally Robotics raises USD 4.7 million in a crowdfunding campaign

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Logility has launched a new product named Decision Command Center, designed to improve decision-making and add value throughout the whole supply chain process in businesses.</p>
 <p>Decision Command Center offers insights backed by data for all-round quality decision-making. Its key features consist of a unified system increasing visibility, enhancing understanding of supply chain effects, and aligning strategy and operations. These are intended to accelerate results, optimize resource usage, and generate business value.</p>
 <p>Logility suggests that Decision Command Center can encourage companies to make quicker, higher quality, and comprehensive decisions. It also promotes improved resource use and value generation for businesses.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Unlike launching this new product, Logility has been actively introducing new features to its existing Digital Supply Chain platform. Earlier this month, the company <a href="https:<br>
//sp-edge.com/updates/28527"> introduced </a> AI-powered dynamic inventory modeling to the platform to assist businesses in effectively handling inventory costs and convoluted inventory-related matters.</p>

Logility launches new Decision Command Center for enhanced supply chain planning

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

<div>

 <p>Blockchain infrastructure and security firm, Fireblocks, has unveiled two new products - "dApp Protection" and "Transaction Simulation". These are designed to aid institutional DeFi users in mitigating security risks.</p>
 <p>The new offerings help in identifying malicious smart contracts, phishing websites, and compromised decentralized apps (dApps) through the examination of suspicious activities such as fraudulent URLs, toxic Javascript elements, and unreliable registrars. Furthermore, the integrity of dApps can be verified across over 40 blockchains using WalletConnect, Fireblocks' browser extension, and MetaMask Institutional.</p>

</div>

Fireblocks launches new security tools for institutional DeFi users

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

<div>
 
 <p>Blockchain infrastructure and security firm, Fireblocks, unveils two new products, "dApp Protection" and "Transaction Simulation". These are designed to help institutional DeFi users safeguard against security risks.</p>
 <p>With these solutions, users can spot risky smart contracts, phishing websites, and compromised decentralized applications (dApps) by looking for suspicious activities such as deceitful URLs, hazardous Javascript elements, and untrustworthy registrars. Furthermore, users can verify the integrity of dApps across more than 40 blockchains via WalletConnect, Fireblocks' browser extension, and MetaMask Institutional.&nbsp;</p>
 
</div>

Managing employee health-related benefits

Health Benefits Platforms

Handl Health raises USD 2.5 million in oversubscribed seed funding; receives grant

Making meat sustainable over the long term.

Cell-cultured Meat

<div>
<p>Cultimate Foods, a biotech firm from Germany that focuses on cell-cultivated premium fats, recently raised EUR 2.3 million or approximately USD 2.5 million in seed funding. This funding round was led by High-Tech Gründerfonds (HTGF), and included participation from Big Idea Ventures, b.value AG, Kale United, and Life Science Valley Wachstumsfonds.</p>
<p>The newly raised capital will be used in various areas such as bolstering operational expansion, enhancing production capabilities, and expanding both operational and commercial partnerships.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Culminate Foods’ last funding round was in <a href="https:<br>
//sp-edge.com/updates/14563"> November 2022 </a> , when it raised EUR 700,000 (~USD 721,100) in pre-seed funding. Following this, in <a href="https:<br>
//sp-edge.com/updates/20014"> July 2023 </a> , the company debuted its cultivated fat, CultiFat, at a tasting event.</p>

Cultimate Foods raises EUR 2.3 million in seed funding to expand operations

A booming food and beverage segment with a history as rich and varied as its present-day product offerings.

Plant-based Dairy & Egg

<div>
 <p>Dreamfarm, an Italian dairy alternative startup, has begun distributing its almond-based cheese alternatives in Edeka stores in Berlin, Germany. Plans are in place to collaborate with restaurants and pizzerias for foodservice distribution soon.</p>
 <p>The company uses a unique patent-pending process that ferments almonds with chosen cultures to produce its cheese alternative. The mozzarella cheese substitute from Dreamfarm has been certified as a liquid product by the Italian Government and has received an A-rating from Nutriscore.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/23521"> November 2023 </a> , the company secured a EUR 5 million (~USD 5.3 million) investment for widening distribution, among other initiatives. In March 2024, the company <a href="https:<br>
//sp-edge.com/updates/27538https:<br>
//sp-edge.com/updates/27538"> expanded to Belgium </a> by launching its products at Delhaize stores.</p>

Dreamfarm launches almond-based cheese alternatives in Germany

Empowering sustainable food innovation through food engineering tech

Novel Foods

<div>
 <p>A German biotech startup, MicroHarvest, has teamed up with VEGDOG, an animal-free pet food company, to launch VEGDOG Pure Bites. This new product is a microbial protein dog treat featuring a blend of microbial protein, potato, and apple pomace.</p>
 <p>This is the first product of its type in the European market, and is hypoallergenic, making it an appropriate choice for pets with protein intolerances and allergies.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/24200"> November 2023 </a> , the company unveiled its new pilot plant in Lisbon, Portugal, to produce a single-cell protein using microbial fermentation for food and feed applications. MicroHarvest claims the single-cell protein carries a protein content of over 60% and can be produced within a day using its technology.</p>

MicroHarvest partners with VEGDOG to introduce novel microbial protein dog treat in Europe

Technologies bringing about a new reality

Extended Reality

<div>
 <p>AR startup Trace has raised USD 2 million in a pre-seed funding round. The contributors for this funding round include Rev1 Ventures and Impellent Ventures with additional participation from Everywhere Ventures, Ohio Innovation Fund, and an assortment of other investors.</p>
 <p>This funding has been specifically earmarked for the development of the company's app, which is currently in its private beta stage.</p>
 <p>Trace was established by former senior employees of Magic Leap. The startup's primary objective is to streamline AR content creation. This is achieved by offering location-specific AR experiences. Trace has previously collaborated with several major businesses, including Qualcomm, Telefónica, T-Mobile, and Lenovo. This suggests an emphasis on establishing partnerships at an enterprise level.</p>
 
</div>

Trace raises USD 2 million in pre-seed funding to build location-based AR spaces

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

<div>
 <p>Geek+, a robotics company specialising in logistics and warehouse operations, has launched the first 'PopPick', a shelf-to-person system, in Denmark. This has been implemented at Med24.dk, a leading online pharmacy wholesaler. This is the first Geek+ project in the Nordic region and will be carried out in collaboration with System Teknik, an automation solutions provider. </p>
 <p>The project will include the deployment of three PopPick stations and 30 robots that will enhance efficiency in Med24.dk’s warehouse operations. These robots are capable of handling products of various sizes without necessitating any additional infrastructure.</p>
 <p>The PopPick stations in Med24.dk’s warehouse are designed with dual retrieval arms enabling them to hold multiple tote racks at a time. This feature results in a high processing rate of up to 450 totes per hour.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Today’s collaboration adds System Teknik to Geek+’s more than 1,000 customers, including <a href="https:<br>
//sp-edge.com/updates/28489"> Toll Group, </a> Decathlon, Dell, Nike, Walmart, and ASKUL.</p>

Geek+ partners with System Teknik to deploy shelf-to-person robots for Med24.dk in Denmark

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

<div>
 <p>Serve Robotics, a droid-based delivery services provider, has intensified its collaboration with Magna International, an automotive supplier. Magna is now the sole manufacturer of Serve's delivery robots as a result of this partnership expansion.</p>
 <p>This partnership expansion is anticipated to aid Serve's objective of deploying up to 2,000 robots across the US using the <a href="https://sp-edge.com/updates/18949">Uber Eats platform.</a></p>
 <p>Such an extension stems from a previous licensing agreement that gave Magna permission to leverage Serve's groundbreaking technology to create unique robotic products.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Today’s news comes from Serve Robotics announcing a <a href="https:<br>
//sp-edge.com/updates/28563"> USD 40 million public offering </a> and uplisting on Nasdaq transitioning from the <a href="https:<br>
//sp-edge.com/updates/28563"> OTCQB Venture Market </a> <b> </b> where it was previously listed. The company intended to use the funds partially to expand the manufacturing of its droids. On a separate note, rival droid maker <a href="https:<br>
//sp-edge.com/companies/1327780"> Carkten </a> also has <a href="https:<br>
//sp-edge.com/updates/12853"> a September 2022 partnership </a> with Magna International to produce its droids.</p>

All Updates

Logility launches new Decision Command Center for enhanced supply chain planning

Fireblocks launches new security tools for institutional DeFi users

Fireblocks launches new security tools for institutional DeFi users

Handl Health raises USD 2.5 million in oversubscribed seed funding; receives grant

Cultimate Foods raises EUR 2.3 million in seed funding to expand operations

Dreamfarm launches almond-based cheese alternatives in Germany

MicroHarvest partners with VEGDOG to introduce novel microbial protein dog treat in Europe

Trace raises USD 2 million in pre-seed funding to build location-based AR spaces

Geek+ partners with System Teknik to deploy shelf-to-person robots for Med24.dk in Denmark

Serve Robotics appoints Magna International as exclusive manufacturer of delivery droids