Media Coverage

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The Rounds Raises $24M Series B to Accelerate Sustainable, AI-Driven Last-Mile Delivery

The Rounds Raises $24M Series B to Accelerate Sustainable, AI-Driven Last-Mile Delivery

Associated Press, August 21, 2024

NEW YORK, Aug. 21, 2024 /PRNewswire/ -- The Rounds, an inventory management platform that delivers recurring grocery and household essentials in reusable packaging, today announced a $24 million Series B funding round led by Moderne Ventures, with participation from FJ Labs and existing investors, bringing its total funding to date to $66 million. The company will use the investment to scale its AI-powered service, strategically focusing on profitable growth in existing markets, expanding its team across machine learning, data science, and executive leadership, and launching new markets. The funding comes at a time of rapid progress towards market profitability. Since its Series A, The Rounds has posted 6X revenue growth, opened a state-of-the-art facility in Washington D.C., launched cold chain operations, and extended its closed-loop supply chain with local vendors.

Flying's Never Been Safer, Says MIT Study

Flying's Never Been Safer, Says MIT Study

Barron's, August 8, 2024

Flying can be a nerve-wracking experience for many people -- but a new study out Thursday finds commercial air travel keeps getting safer, with the risk of death halving every decade.

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Artificial Intelligence

Healthcare

Sheldon H. Jacobson and Dr. Janet A. Jokela: Should you be concerned about mpox?

Sheldon H. Jacobson and Dr. Janet A. Jokela: Should you be concerned about mpox?

Chicago Tribune, October 7, 2024

Mpox is spreading across several African countries. The World Health Organization declared mpox a “public health emergency of international concern.” The Democratic Republic of Congo has been hardest hit, though Burundi has also seen a recent surge of cases. To date this year, 36,000 suspected cases have been reported, with more than one-half among children younger than 15 years old. In Burundi alone, two-thirds of the recent cases have been in those younger than 19.

Supply Chain

The Impact of Weather on the Supply Chain

The Impact of Weather on the Supply Chain

Parcel, October 2, 2024

The supply chain for many small parcel shipping companies is typically long. Products are often made in distant lands, travel on oceans and waterways, arrive at ports, are then transported to warehouses, from where a third-party logistics provider delivers the product to its intended destination. In a stable world, shippers and customers alike can expect a product to be delivered within the promised time window. However, in a world facing high levels of uncertainty caused by war, pandemic, political instability, raw material shortages, freak accidents (recall the regional and national impact of the bridge collapse in the Port of Baltimore caused by a container ship), and weather, the shipper must work overtime to ensure customer expectations are met at no additional cost, despite these uncertainties.

Climate