Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Shoof Technologies Announces Funding from NTT DoCoMo

Shoof Technologies Announces Funding from NTT DoCoMo

DC Velocity Staff
By DC Velocity StaffFeb 19, 2019
DC Velocity Staff
See Full Bio

Sunnyvale, Calif. - January 13, 2019 - Shoof Technologies Incorporated, pioneer of an advanced wireless technology designed for the Industrial IoT, announced that it has received an undisclosed amount of funding from NTT DoCoMo Ventures (NTD), the venture capital arm of NTT Group.

Since successfully raising seed-round funding from Kleiner Perkins, Abies Ventures of Japan and Tyche Partners about a year ago, Shoof has been focusing on product development and product trials with several high-profile customers in the businesses of manufacturing of automotive and industrial products, airports, and freight carriers. "We are very pleased with the results of the product trials so far" said Ra'ed Elmurib, CEO, Shoof Technologies. "Many of the trials are nearing completion, and we are seeing results much better than anticipated. Particularly, we have been able to achieve long-range GPS-free tracking that is measured in kilometers not just meters. Indoor-Outdoor location detection accuracy has also been better than expected."

NTD focuses on investing in technologies for next-generation devices, services and networks. It believes that Shoof technology has the potential to revolutionize asset tracking in the supply chain and logistics industries and Shoof's ability for accurate indoor and outdoor tracking and GPS-free long-range communication are just two of its many key advantages.

About Shoof

Shoof is a pioneer of an advanced wireless technology designed specifically for the Industrial IoT and the Logistics market. Shoof connects and transports data from assets to the cloud in a reliable, secure, scalable and low-cost manner. Building upon advanced wireless technology with edge intelligence, the Shoof solution combines this low-cost infrastructure with flexible cloud data access and a simple subscription business model. Join Shoof on Twitter and LinkedIn or visit www.shooftech.com.

Shoof Technologies, and the Shoof logo are trademarks of Shoof Technologies, Incorporated.


For further information, please contact:

Shoof Media Relations - Info@shooftech.com

More Info: https://shooftech.com

Industry Press Room
Industry Press Room

The Latest

everstream chart of number of containerships off east coast ports
Article

East Coast ports work through hefty backlog of containers

chip cooling plate from Mikros Technologies
Article

Jabil says acquisition cools off the hot chips behind cloud and AI

Logistics activity expanded in September
Featured

Logistics activity expanded in September

logo images of ILA union and USMX dockworkers ports
Article

Strike ends: East Coast dockworkers return to work

More Stories

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation


September 24th, Charlotte, NC - HTL Freight, a rising leader in the third-party logistics (3PL), is pleased to announce the acquisition of CTS Logistics, a full-service managed transportation company (4PL) headquartered in Windham, NH. This acquisition, HTL Freight’s fourth major transaction since 2021, reinforces its commitment to delivering exceptional freight solutions across North America.

Keep ReadingShow less

Featured

Survey: In-store shopping sentiment up 21%
Featured

Survey: In-store shopping sentiment up 21%

PMA Screen Shot 2023-04-07 at 4.41.00 PM.png
Article

Ports of Los Angeles and Long Beach close in flashback to 2015 dockworker strike

Three steps toward safer loading docks
Article

Three steps toward safer loading docks

Forklift made of grass
Featured

California forges ahead with zero-emission forklift rule

ETIHAD CARGO celebrates 20 years of successful operations in India

ETIHAD CARGO celebrates 20 years of successful operations in India

Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating 20 years of operations in India, a milestone that reflects the airline's ongoing commitment to the Indian market since its first flight to Mumbai on 26 September 2004. Over the years, Etihad Cargo has expanded its presence in India, now offering belly hold capacity via nonstop services between Abu Dhabi and 12 major Indian cities, with plans for further growth.

Etihad Cargo handles over 46,000 tonnes of cargo annually ex India, connecting the country to over 100 global destinations via its Abu Dhabi hub via 588 widebody and narrowbody rotations each month. To meet the needs of specific sectors, Etihad Cargo has enhanced its product range, adding new features and launching new products. Key commodities handled include electronics, including mobile phones and semiconductors, garments, pharmaceuticals, perishables, e-commerce, automobile components and courier shipments, reflecting the diversity and strength of India's manufacturing and export sectors.

Keep ReadingShow less

Xtreme Trucking selects HOPTEK’s Dispatch Engine® solution forreal-time visibility and optimization of fleet operations

Charlotte NC, September 23, 2024 (McLeod User Conference ) – HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability.

Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage.

Keep ReadingShow less
Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy, a leading provider in supply chain collaboration solutions, and Kinaxis, a global leader in supply chain orchestration, have announced a partnership to develop cutting-edge solutions for brand manufacturing supply chain networks worldwide.

The new partnership aims to catalyze fast-moving consumer goods (FMCG) and life science brands and their supplier networks to work together more effectively through digital transformation solutions, thereby mutually improving costs, service and revenue. Combining the supply chain orchestration capabilities of Kinaxis with the collaborative external manufacturing specialization of Nulogy will enable customers to share forecasts and order information with suppliers and receive inventory capacity information faster.

Keep ReadingShow less
ULINE AWARDED DAYTON FREIGHT FOR EXCEPTIONAL PERFORMANCE

ULINE AWARDED DAYTON FREIGHT FOR EXCEPTIONAL PERFORMANCE

FOR IMMEDIATE RELEASE
Contact: Sherri Bosslet
Title: Director of Customer Relations
Phone: 937.415.1715
Email: sbosslet@daytonfreight.com
Date: September 5, 2024
Web: daytonfreight.com

ULINE AWARDED DAYTON FREIGHT FOR EXCEPTIONAL PERFORMANCE
DAYTON, Ohio – Dayton Freight Lines, Inc., a leading provider of regional less-than-truckload (LTL) transportation services, was presented the 2023 Exceptional Performance Award and the Minnesota LTL Carrier of the Year award from Uline.

Keep ReadingShow less
Copyright ©2024.