Happy Friday.

Scheduled Shipment brings you latest updates in industrial & supply chain tech.

Top News

Activist investor Starboard Value reveals $500 million stake in AutoDesk and sues to delay annual meeting.

US logistics costs remain high after 22.4% and 20% YoY growth in 2021 and 2022, respectively.

US manufacturing, which comprises 10.4% of GDP, grew 0.9% MoM in May, beating growth expectations.

Massive Fundings

Waabi, a 3-year-old Toronto, Canada startup that provides autonomous truck software, raised a $200.0 million Series B led by Uber and Khosla Ventures with participation from Nvidia, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest, and Ingka Investments. More here.

Tenderd, a 6-year-old Dubai, UAE startup that provides a heavy equipment data and analysis platform, raised a $30.0 million Series A led by A.P. Moller Holding with participation from Quadri Ventures, Saurya Prakash, Wa’ed Ventures, Nakhla Ventures, SOMA Capital, and Liquid 2 Ventures. More here.

Materrup, a 6-year-old Saint-Geours-de-Maremne, France startup that provides low-carbon cement and concrete, raised a $28.1 million financing led by Eurazeo and EIC Fund with participation from UI Investissement, Aquiti Gestion, IRDI, and Argiduna Capital. More here.

Bitsensing, a 6-year-old Seongnam, South Korea startup that provides radar technology for autonomous vehicles and smart cities, raised a $25.5 million Series B from Korea Development Bank, HL Mando Corporation, Industrial Bank of Korea, and Aju Capital. More here.

Mid-Size Fundings

Aepnus, a 3-year-old Emeryville, CA startup that provides a platform to improve circularity and reduce emissions in battery chemicals, raised an $8.0 million Seed led by Clean Energy Ventures with participation from Voyager Ventures, Lowercarbon Capital, Impact Science Ventures, Muus Climate Partners, and Gravity Climate Fund. More here.

Smaller Fundings

Droppe, a 4-year-old Espoo, Finland startup that provides a B2B marketplace for supplies and equipment, raised a $4.2 million financing led by OpenOcean with participation from Miki Kuusi, Ilkka Paananen, Robert Gentz, Marianne Vikkula, and Lifeline Ventures. More here.

RetailReady, a 2024 Atlanta, GA startup that provides a retail compliance platform, raised a $3.3 million Seed led by Wischoff Ventures with participation from Y Combinator, 640 Oxford, Lombardstreet Ventures, and Duke Capital Partners. More here.

BuildBuddy, a 2-year-old London, UK startup that provides a B2B marketplace for construction materials, raised a $1.1 million Seed led by an angel syndicate. More here.

Unusuals, an 8-year-old Madrid, Spain startup that provides rail transportation monitoring software, raised a $1.1 million Seed led by Elewit and Terna. More here.

Exits

Zendrive, an 11-year-old San Francisco, CA startup that provides a usage-based car insurance platform, was acquired by Intuit, the large enterprise software provider. More here.

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