Freight startup Warp gains $10 million in VC

The Los Angeles-based middle-mile freight service provider Warp has landed $10 million in venture capital backing and says that funding will support the launch of its first fully robotic cross-dock facility.

Warp plans to combine that cross-deck with a rapid expansion of its artificial intelligence (AI) systems, allowing it to automate the entire freight lifecycle, from inbound receiving and dimensioning to smart sortation and outbound dispatch. Warp is already deploying AI across routing, pricing, scheduling, visibility, and customer service functions

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How Warp is introducing robots to automate its network of warehouses

Warp was founded in 2021 to help companies streamline their shipping supply chains and reduce costs through its tech-enabled network of shippers, carriers, and warehouses.

Now, it wants to make supply chains further efficient by using robots to automate its web of warehouses.

Daniel Sokolovsky, the co-founder and CEO of Warp, told TechCrunch that Warp is always looking for ways to make shipping more efficient for its customers, which include enterprises like Walmart, Gopuff, and HelloFresh. With the advancements in AI, the company thought there could be more opportunities to automate.

Warp can’t automate the long-haul trucking or short-range delivery aspects of the supply chain, Sokolovsky said, so it’s working on what it can potentially change: the workflows inside its warehouses.

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FRASIER STERLING TURNED HER JEWELRY BRAND INTO A VIRAL SPORTY SENSATION AT TARGET

Charlotte Bickley sits down with the visionary behind Frasier Sterling, the designer that’s taken the accessories world by storm. From the fashion jewelry brand’s cult following among A-listers like the Jenner sisters and Hailey Bieber to its bold expansion into a full-fledged empire, the label’s latest venture—Frasier Sterling Sport—has landed in most Target stores nationwide with a viral collection of hats and totes. Designed for the high-low girl who pairs Bergdorf Goodman jewelry with sporty Target finds, this line taps into the rise of tennis, golf, and pickleball culture. With millions of social media impressions and a chic Bel Air launch event attended by fashion’s coolest tastemakers, Frasier Sterling is redefining accessible luxury. Here’s how it all happened!

Tell us about your journey with Frasier Sterling! How did you go from launching a jewelry brand in 2014 to creating a viral sportswear-inspired collection for Target?
I started Frasier Sterling when I was in college. I was working at Fred Segal and making jewelry for fun! I would get compliments all the time and that ultimately led me to start FS. Living in LA, the whole thing was just so organic and truly took on a life of its own so fast. We had a lot of celebs and influencers supporting us from day one. That mixed with a handful of key retailers at the time like Revolve, Planet Blue and Fred Segal played such a pivotal role in

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Niantic ventures into the Geospatial with a purpose

Niantic is reportedly moving away from the gaming scene and into the world of artificial intelligence.

In a press release, the company announced its new direction, known as Niantic Spatial. This name might sound familiar, especially if you're a Pokémon GO fan. Niantic reiterates its recent sale of its games division to Scopely. In short, the company is starting with roughly $250 million in its back pocket. As such, Niantic Spatial is turning onto a different road, one that will lead it toward a "large geospatial model."

Niantic Spatial states it will seek to bridge the gap between the "physical and digital worlds" through this geospatial fusion.

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Coterie Insurance and Smarter Risk Announce New Partnership

APPLETON, Wis., May 29, 2025 (GLOBE NEWSWIRE) -- Coterie Insurance (Coterie), a tech-enabled, data-powered managing general agent (MGA), is pleased to announce a new partnership with Smarter Risk, a leading online platform specializing in innovative risk control solutions as part of Coterie Applications’ Manage My Risk Program.

Coterie offers best-in-class insurance coverage through independent agents, wholesalers, and brokers while also developing and utilizing innovative technology to make the process of purchasing insurance effortless. Through the Manage My Risk program, Coterie provides optional tools and resources to their policyholders to simplify comprehensive loss control programs.

“Small business owners don't focus on insurance or risk mitigation every day,” said David McFarland, CEO of Coterie. “They trust their agents to do that. The Manage My Risk program enables our agents and brokers to promote these niche resources to their clients. By adding Smarter Risk’s offerings to the Manage My Risk program, we can now give policyholders enhanced on-demand tools to protect their business.”

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