HomeTechnologyWholesale startup Topi secures initial investment at $2.5M valuation

Wholesale startup Topi secures initial investment at $2.5M valuation

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In the realm of wholesale commerce, choices are increasing because of know-how entrepreneurs. Topi, an modern enterprise within the digital wholesale buying sector, achieved important success in its pre-seed financing spherical.

Founded by well-known names within the e-commerce sector reminiscent of Sedat Yıldırım and Köksal Yılmaz, the startup secured its first funding with a valuation of $2.5 million from investor Ahmet Bilgen, a outstanding determine in entrepreneurship and fintech. Topi goals to make the most of the funding to arrange for seed spherical by implementing fast development methods.

Pioneering digitalization within the wholesale buying market, Topi Technology Inc. goals to boost the aggressive edge and gross sales prowess of conventional retail by means of its developed platform.

A enterprise established in 2022, Topi optimizes order and product circulation between wholesalers and conventional shops.

Co-founders Yıldırım and Yılmaz initiated the enterprise in 2022, leveraging their expertise in e-commerce and know-how to enhance inefficient business processes between wholesalers and retailers within the retail sector.

Notably, Topi emerges as the primary enterprise following Yıldırım’s departure from Istegelsin, a web-based grocery store service, as its founding CEO.

Utilization in development financing

Topi plans to make the most of the funds from its pre-seed funding to finance its development throughout the pre-seed to seed funding part. Providing entry to high quality merchandise with versatile fee choices for each business house owners and customers, the startup ensures swift entry to a variety of merchandise, reaching as much as 5,000 varieties, at the very best costs and enabling monitoring of present wholesale market costs.

With its logistics community dealing with all deliveries, Topi makes use of its developed distribution optimization software program to ship merchandise from 40 totally different wholesalers to retail factors.

Serving throughout 81 provinces

Traditional shops buying from Topi could make funds through bank card, financial institution switch, Fibabanka’s 30-day interest-free credit score or Multinet MultiAvantaj. Currently operational in Ankara, Bolu and Bartın, Topi goals to develop its product vary and distribution space progressively to serve throughout all 81 provinces.

The conventional retail market, exceeding $20 billion yearly and constituting 65% of Türkiye’s fast-moving shopper items market, sustains the livelihoods of lots of of 1000’s of households. Business house owners digitizing by means of Topi’s advantageous pricing, safe deliveries and versatile fee choices acquire energy in competitors in opposition to chain shops.

AI-backed robots to make sure error-free recycling

In the method of recycling, the flawless administration of waste holds paramount significance for the right and environment friendly reuse of pure sources. FANUC, an organization producing robotic options for numerous industries, has collaborated with the sensible waste administration startup Recycleye to develop the LR Mate 200 iD/4SC, a 6-axis robotic providing synthetic intelligence imaginative and prescient know-how to the waste administration trade.

Able to gather as much as 33,000 merchandise from the recycling line with as much as 99% accuracy in a 10-hour shift, LR Mate 200 iD/4SC demonstrates a rise of as much as 12% in sorting effectivity and as much as 10% enchancment in line output.

As air pollution attributable to waste stays one in every of immediately’s most severe environmental points, the need of recycling grows with every passing day. In areas the place human sources fall brief in recycling tens of millions of tons of waste yearly, the presence of robots able to autonomously performing this job expedites the method to realize sooner and error-free outcomes.

FANUC and Recycleye are partnering to deploy an AI-powered robotic waste-picking system. (Courtesy of Recycleye)

Through a collaboration with Recycleye Robotics, a sensible waste administration startup, FANUC, a number one supplier of numerical management techniques in world markets, has launched a brand new breath to waste administration with the LR Mate 200 iD/4SC, a 6-axis robotic developed on account of their partnership. The robotic waste assortment system, the place FANUC’s over 60 years of automation experience meets Recycleye Robotics’ synthetic intelligence assist, routinely separates recyclable supplies into totally different materials courses reminiscent of plastic, aluminum, paper and cardboard with close to perfection.

New era in recycling

Teoman Alper Yiğit, normal supervisor of FANUC Türkiye, highlights the inadequacy of conventional sorting strategies in assembly expectations by way of high quality and amount in immediately’s world.

“Recycleye Robotics makes use of synthetic intelligence-supported pc imaginative and prescient to determine every merchandise in complicated waste streams. The FANUC LR Mate 200 iD/4SC robotic on the coronary heart of the system then routinely types these recyclable supplies into totally different materials courses reminiscent of plastic, aluminum, paper and cardboard. This system, which is essentially the most correct and environment friendly synthetic intelligence-powered robotic assortment answer accessible worldwide immediately, can accumulate as much as 33,000 merchandise per robotic in a 10-hour shift, working 24/7,” stated Yiğit.

“The compact, short-arm, mini robotic LR Mate 200 iD/4SC, which is straightforward to combine into slender areas, and the substitute intelligence imaginative and prescient know-how built-in by Recycleye Robotics speed up the business course of. In addition, the superior sensors of the robotic get rid of wasted motion and might return to the identical millimeter level even after working 24/7 for eight years.”

Vacant positions in sector

Yiğit emphasised one other important good thing about the substitute intelligence know-how developed by Recycleye for recycling amenities and in addition highlighted expectations that there 89,000 vacant positions within the recycling sector within the subsequent 4 years.

“A current report by the CIWM revealed that 60% of respondents struggled to seek out staff final yr, and it’s estimated that there can be 89,000 vacant positions within the waste and recycling sector by 2028,” stated.

“The LR Mate 200 iD/4SC robotic makes exact collections like an worker, with a superior imaginative and prescient system as delicate because the human eye. Most importantly, the robots don’t take breaks, decelerate, get drained or stop, eliminating interruptions within the course of. This is essential as a result of discovering staff for waste assortment will be very difficult. Additionally, the robotic’s means to simply deal with hazardous supplies that might in any other case injure staff in recycling amenities is one in every of its biggest benefits.”

Türk Telekom presents ‘accessible art’ tasks at AKM

One of Türkiye’s main telecommunications and know-how corporations, Türk Telekom continues its company social duty tasks that remodel know-how into goodness and profit.

Supporting accessible residing at Atatürk Cultural Center (AKM) by means of occasions and purposes reminiscent of “Talking Paintings Digital Art Exhibition” and “Audio Steps,” Türk Telekom presents a unique artwork expertise to visually and hearing-impaired artwork lovers with its “Accessible Theater.”

Implemented in collaboration with Istanbul State Theatres inside the AKM, the “Accessible Theater” undertaking will proceed with the play “Today, Tomorrow” all through March. Within the scope of the undertaking, dwell descriptions, stage excursions and subtitles are supplied in designated State Theatre performances, providing an artwork expertise that transcends boundaries.

Türk Telekom offers a different experience to visually and hearing-impaired art enthusiasts with its

Türk Telekom presents a unique expertise to visually and hearing-impaired artwork lovers with its “Accessible Theater.” (Courtesy of Türk Telekom)

“Within the framework of our understanding of ‘Adding Value to Türkiye,’ we’re reworking know-how into goodness and profit, and we proceed our efforts with actions and purposes reminiscent of theater and exhibitions to make AKM accessible, of which we’re the primary supporter,” stated Arif Sancaktaroğlu, company communications director of Türk Telekom.

“With our Accessible Theater undertaking, we provide artwork lovers an accessible expertise with our new play ‘Today, Tomorrow,'” Sancaktaroğlu added.

Türk Telekom, realizing its company social duty actions underneath the understanding of “Adding Value to Türkiye,” strengthens accessibility on the Atatürk Cultural Center by mixing know-how with tradition and artwork.

Türk Telekom’s accessibility undertaking, “Audio Steps,” presents visually and hearing-impaired artwork lovers the chance to maneuver round AKM’s open and closed areas without having help. Additionally, the corporate implements numerous occasions centered on know-how and digital transformation.

Transforming a particular choice from the National Palaces Painting Museum Collection into a unique artwork expertise with the “Talking Paintings Digital Art Exhibition” at AKM final December, Türk Telekom initiated the “Accessible Theater Project” in collaboration with Istanbul State Theatres General Directorate 2024.

Emphasizing that there are accessible artwork actions for everybody at AKM with tasks such because the “Talking Paintings Digital Art Exhibition” and “Accessible Theater,” Sancaktaroğlu stated along with the sponsorship of the Türk Telekom Opera Salon, which is on the coronary heart of AKM, they aimed to create an area the place everybody can take part in cultural and inventive actions.

Arif Sancaktaroğlu, corporate communications director of Türk Telekom. (Courtesy of Türk Telekom)

Arif Sancaktaroğlu, company communications director of Türk Telekom. (Courtesy of Türk Telekom)

“We are pleased to make art accessible to everyone by using technology according to the needs of society. With our ‘Audio Steps’ application implemented at AKM, our visually and hearing-impaired visitors can easily explore all indoor and outdoor areas. With the ‘Talking Paintings Digital Art Exhibition’ we held last December, we brought together visually impaired citizens with paintings from the National Palaces Painting Museum Collection, allowing them to recognize the paintings through audio descriptions,” he famous.

“Now, with this yr’s ‘Accessible Theater’ undertaking, we offer visually and hearing-impaired artwork lovers with an artwork expertise that transcends visible, auditory and bodily boundaries. We will proceed to make the know-how we develop with the understanding of ‘Adding Value to Türkiye’ accessible to everybody.”

Startups awarded for innovation in sports-oriented tech

Backed by prime public establishments, the BIGG Sports Awards, the place know-how meets sports activities, has discovered its winners this week at a ceremony attended by the Youth and Sports Minister Osman Aşkın Bak and Industry and Technology Mehmet Fatih Kacır.

Held on the Youth and Sports Ministry’s Camp and Training Center in Riva, the ceremony was additionally attended by deputy ministers, Scientific and Technological Research Council of Türkiye (TÜBITAK) President Hasan Mandal, members of Parliament, nationwide athletes and entrepreneurs.

Officials and entrepreneurs are seen on stage during the BIGG Sports Awards in Istanbul, Türkiye, March 9, 2024. (AA Photo)

Officials and entrepreneurs are seen on stage throughout the BIGG Sports Awards in Istanbul, Türkiye, March 9, 2024. (AA Photo)

Speaking on the ceremony, Kacır expressed his hope that the BIGG Sports Awards would play an accelerating position in bringing modern concepts to life within the sports activities group.

67 purposes in 7 classes

A complete of 67 technological startups utilized in seven classes, together with augmented and digital actuality purposes in sports activities applied sciences, synthetic intelligence purposes in sports activities, sports-related statistics and massive information evaluation purposes, particular person and workforce tracking-analysis techniques, coaching applied sciences in sports activities, localization of imported sports activities tools and sensor know-how in sports activities.

The prime 5 winners obtained a complete of roughly TL 5 million ($155,230) in prizes together with the BIGG Sports Cup, with Bak and Kacır presenting the awards to the businesses.

Before the occasion, guests had the chance to expertise the merchandise taking part within the competitors, which have been exhibited within the lobby space. Throughout the day, numerous panels have been organized with the participation of skilled audio system. The relationship between sports activities and know-how was mentioned from totally different views in periods titled “Artificial Intelligence in Sports,” “Aiming for the Goal in Sports,” and “Sports Tourism.”

Source: www.dailysabah.com

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