Atlanta’s bustling logistics scene has new solutions in store following last week’s developments. Read on to find out what else these tech companies have underway in the Peach State capital. This is the Built In Atlanta weekly refresh.
Reibus got $75M. With the goal of optimizing the supply chain for industrial materials, Reibus developed a SaaS-enabled marketplace platform that gives buyers and sellers solutions for procuring materials, data analytics and financing options. Its Series B round of funding was led by SoftBank Vision Fund 2 and will go toward expanding its platform’s tools and services as well as its financial services and logistics products. [Built In Atlanta]
Intradiem pulled in $35M. Providing enterprise customer service teams with an automation solution, the Alpharetta-based company secured a debt facility from CIBC Innovation Banking to enhance its tech. Intradiem plans to invest in product development and add new machine learning-based features to its platform. The company is also in the midst of a hiring spree with roles available across engineering, development, product and more. [Built In Atlanta]
Atlanta Tech Quote of the Week
Verusen partnered with Machine Compare. Both specializing in supply chain tech, Verusen and U.K.-based Machine Compare announced a new partnership that will help enterprises support sustainability along their supply chains. Combining Verusen’s intelligence platform with Machine Compare’s refurbished materials marketplace, the companies aim to provide customers with more solutions to help reduce waste and manage their materials. [Built In Atlanta]
Several tech companies expanded into Atlanta this year. Companies spanning a vast array of tech industries have gravitated to Atlanta as the ideal place to expand their footprint. With a robust and diverse talent market and ample business presence, the city welcomed new tech hubs and offices from companies in a variety of sectors. Some names who are growing in the city include Netherlands-based logistics company Vanderlande, e-commerce platform Wayflyer and fintech giant Visa. [Built In Atlanta]
PrizePicks secured new funding. Fantasy sports engagement platform PrizePicks announced new strategic funding of an undisclosed amount from investors like Phoenix Capital Ventures and Astralis Capital. The fresh funding will go toward increasing marketing spend and investing in its mobile app’s tech. PrizePicks’ platform enables fans to place wagers on a variety of professional league players based on the number of fantasy points they will score. [Globe Newswire]
Norfolk Southern appointed a new CEO. After opening its new headquarters location in Midtown last month, transportation company Norfolk Southern made a new announcement to close out the fourth quarter. Amid the retirement of chairman and CEO James Squires in May of next year, current executive VP and chief marketing officer Alan Shaw will take on the position of CEO. Shaw will focus on growing the company’s shareholder value. [Norfolk Southern]
sunday announced a new CFO. Operating a payments solution for restaurants and other businesses in the hospitality sector, sunday is moving into its next stage of growth with a new executive hire. Formerly of BNP Paribas and Lazard, Marc Weidner took up the mantle of chief financial officer back in July. Weidner is responsible for building out the company’s financial functions and has already led initiatives such as its recent acquisition of CHK PLZ. [Email]
