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Business
Left: Shiftsmart Founder and CEO Aakash Kumar; Right: Co-Founder and CTO Pavan Patel [Photos: Shiftsmart]
Dallas-Founded Shiftsmart Raises $95M Series B Round to Grow Its On‑Demand Labor Marketplace
by Alex Edwards | Dec 2, 2021
On the tail-end of a landmark year—one that saw Shiftsmart double both staff and revenue—the labor platform has raised funding to fuel growth and continue empowering its 600,000 workers across 50 countries with flexible gigs.
by David Seeley |
Dec 2, 2021
The solution developed by Shinhan Bank and a global megabank outside of Korea enables cross-border funds to be sent and received in a locally denominated stablecoin with "remarkably low fees." The solution is built using the Hedera Token Service and Hedera Consensus Service.
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by David Seeley |
Dec 2, 2021
Sherwood Bedding, which was acquired by Tempur Seal for $40 million in 2020, aims to pair handmade craftsmanship with advanced automation. The firm and its third-generation founders are expanding to a customized, 234,395-square-foot facility to be built near the Grandscape complex west of the North Dallas Tollway.
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by Alex Edwards |
Dec 1, 2021
The new fulfillment center in Coppell, the company's third in the U.S., is expected to bridge the gap between the company's coastal facilities—significantly reducing shipping times for Texas and the rest of the country. Printful is the first privately owned company with Latvian roots to achieve unicorn status.
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[Photo: Language Learning Market]
Follow the Money: Language Learning Market Opens Seed Round, NuBrakes Lands $9M Series A, and More
by Dallas Innovates | Staff Report | Dec 1, 2021
Here's a roundup of recent funding, merger, and acquisition activity in North Texas.
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by Quincy Preston |
Dec 1, 2021
Dallas-Fort Worth ranked No. 10 for patents out of 250 metros. Patents granted include: 7-Eleven's image-based action detection using contour dilation, Anantak Robotics' autonomously moving machine and method for operating an autonomously moving machine, AT&T's movable smart device for appliances, Capital One's overlay of 3D augmented reality content on real-world objects using image segmentation, Dogness Group's drinking cup for pets, Lennox's carbon dioxide cooling system with subcooling, Raytheon's railored contact plan generation, Storelli Bra's adjustable athletic bra, Streamline Innovations' removing sulphur-based contaminants and nitrogen-based contaminants from water streams, Toyota's increasing consumer confidence in autonomous vehicles, USAA's self-charging unmanned vehicle, and more.
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by Alex Edwards |
Nov 30, 2021
Broadening Urban Investment to Leverage Dallas (B.U.I.L.D.)—launched last year by the City of Dallas, DEC@Redbird, and more than 200 Dallas County business service organizations—will continue its grant program that serves as a catalyst to Southern Dallas’ small business owners of color and women business owners.
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by Alex Edwards |
Nov 30, 2021
Corganics, formerly MD Farma, aims to bring a higher quality, more transparent product portfolio to the CBD market. The investment from Dallas-based Altacrest Capital is meant to propel the team into its next growth phase, fulfilling the mission to "deliver effective clinical cannabinoid products that healthcare professionals and their patients can trust."
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U.S. Patent No. D935194, Toothbrush head, was assigned to Soniclean Technology Ltd.
Dallas Invents: 119 Patents Granted for Week of Nov. 9
by Quincy Preston | Nov 24, 2021
Dallas-Fort Worth ranked No. 10 for patents out of 250 metros. Patents granted include: Allied Bioscience wet wipes comprising antimicrobial coating compositions, Amazon Technologies' repository service using encrypted configuration data, Bank of America's information security using blockchains, Blacktop Plus' therapeutic elastic sports tape, Capital One's identity and electronic signature verification in blockchain, Dallas Limetree's system for classifying content using scoring for identifying psychological factors employed by consumers to take action, Dell's system that implements a software tool for data leak prevention, PACCAR's tire tread with reduced rolling resistance, Seals Gresham Group's location-based social media for events, Soniclean's toothbrush head, and Toyota's active noise control for vehicle with a single open window.
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by Quincy Preston |
Nov 23, 2021
The North Texas nonprofit will receive a half-million dollars from the Toyota USA Foundation to help increase the number of girls entering into a college-level STEM degree program.
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by David Seeley |
Nov 23, 2021
$12 million will go toward building The Loop's Trinity Forest Spine Trail South Phase; $8.218 million will enhance mobility within the Southern Dallas County Inland Port, including the purchase of eight on-demand electric shuttles; and $900,000 will help connect communities across the Southern Gateway, from Oak Cliff to the forthcoming I-35 deck park to the Dallas Zoo and the Tenth Street Historic District.
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by Quincy Preston |
Nov 23, 2021
The Village Giving Circle at Texas Women's Foundation funds organizations and initiatives that positively impact the Black community in North Texas.
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The Dallas 100: SMU Cox Unveils Its 2021 Ranking of the Fastest-Growing Private Companies in Dallas-Fort Worth
by Quincy Preston | Nov 22, 2021
Collectively, the 100 privately held companies contributed $8.5 billion to the Dallas-Fort Worth economy over three years—and 10,000 jobs. Frisco-based MTX Group, whose founders were honored last week with EY's 2021 Entrepreneur Of The Year award, took the top spot in the annual rankings. Here's the complete list.
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by Alex Edwards |
Nov 22, 2021
The investment values LTK, formerly rewardStyle, at $2 billion. The fashion-forward tech innovator plans to use the capital to rapidly grow its team and accelerate its multifaceted, influencer-driven marketplace for creators, brands, and shoppers.
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by Alex Edwards |
Nov 22, 2021
In partnership with Silicon Valley logistics tech company Phatnom Auto, ITS ConGlobal is exploring how workers can train and operate heavy machinery remotely.
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by Quincy Preston |
Nov 22, 2021
Two nonprofits will each receive $250,000 in grant funding. The Capital One grants are part of a $3.5 million commitment to 12 nonprofit organizations.
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