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Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

TechCrunch

But t he used cars market isn’t only enormous in Egypt; it is in almost every country with a large population globally. Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. Some include U.K.’s

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Volkswagen drives the automotive industry cloud forward

CIO

For the innovative few, co-creating custom industry solutions in conjunction with cloud providers can not only fulfill an internal need but also provide the opportunity to develop a new source of revenue from their IT IP. But as a spokesperson for VW told CIO.com, “The second goal is to open up new software business areas.

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Salesforce seeks to unify automobile supply chain with Automotive Cloud

CIO

Now Salesforce is hoping to sweep that away with Salesforce Automotive Cloud, a dedicated platform for the auto industry that sticks close to industry standards on data exchange. Michael Ramsey, a VP and automotive analyst at Gartner, said Automotive Cloud offers a way for auto makers to take back control of their branding. “At

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Tekion, the automotive retail platform headed by a former Tesla CIO, just tripled in value

TechCrunch

To pull car dealers into the 21st century with a snazzy end-to-end automotive SaaS platform like the one he helped develop inside Tesla. Though the automotive world is known for spending lavishly on marketing and for aggressive sales tactics, just 17 of Tekion’s employees now 1,350 employees work in sales.

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Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint

TechCrunch

Morai , which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 The fresh capital was led by Korea Investment Partners along with KB Investment and Korea Development Bank. Germany, Japan and Singapore. .

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Electric Vehicle Market Dynamics and Competitive Strategies

IDC

Read about market status, development trends, competitive situation, and key success factors of the semiconductor and automotive industry.

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FPGA startup Rapid Silicon lands $15M to bring its first chip to market

TechCrunch

The global FPGA market size could reach $14 billion by 2028, according to one estimate, up from $6 billion in 2021. Launched in 2021, the goal with Rapid Silicon is to promote, adopt and implement open source tech to address the low- to mid-range FPGA market, according to CEO and co-founder Naveed Sherwani.

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