News

The most important factor of online holiday shopping is…

When it comes to the online holiday shopping experience, delivery trumps everything. That’s according to a new survey by active delivery management platform Convey in which 40% of consumers report that delivery is the single most decisive factor of the shopping experience.

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UncommonGoods Takes Proactive Steps To Meet Delivery Date Promises

Late deliveries are the classic lose-lose for both retailers and their customers. They are particularly painful during the holiday season, when the calendar creates a drop-dead deadline and shipping volumes balloon. UncommonGoods took steps to deal with this challenge well ahead of the holiday season. For Father’s Day 2017, the retailer used a delivery intelligence platform from Convey to proactively identify shipments that were going to miss their promised delivery dates — days ahead of the actual deadline. UncommonGoods used this information to expedite new shipments guaranteed to arrive at their destinations on time. Meanwhile, existing in-transit shipments were intercepted by the carrier and returned to the warehouse. Read more...

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The Biggest Funding Rounds and Acquisitions for Austin Tech Startups in August

Austin tech startups have had a strong 2017, so far, according to new data compiled by Pitchbook and the National Venture Capital Association. Area startups raised more than $486M in Q2 this year — that’s 73% more than Q2 2016. And, looking at the first six months combined, the ABJ reports that Austin startups drew $675M through the end of June — up from $551M in the first half of 2016. Austin Inno writes about tech and startup funding deals in the Beat newsletter, where we also report all of the day’s top Austin tech and startup news and share links to other interesting stories. Now, here’s a look at the top deals Austin Inno's seen through SEC filings and company announcements in August.

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Amazon Effect Sparks Deals for Software-Tracking Firms

A growing number of companies are paying to track in real time everything from truckloads of pork chops to shipping containers full of exercise equipment. Logistics providers, retailers, and suppliers are inking deals with software firms that use location data and weather and traffic information to monitor shipments and alert customers to events that could hold up delivery, such as a loaded truck sitting in a yard for more than an hour.

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Austin’s Convey raises $8M, inks deal with global company

Convey Inc., an Austin logistics startup, announced the closing of an $8.25 million series B round of funding. The investment will enable the company to expand beyond its core market of retail businesses. And the money will pay for growth in its product-development, engineering and customer success divisions.

Convey also announced an agreement with California-based Ingram Micro Inc., a wholesaler of information-technology products and services from manufacturers such as Apple Inc. and Cisco Systems Inc.

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