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Cheetah Technologies Leans Into Scaling Their AI-Enabled Commerce Platform Nationwide By Selling Physical Distribution Business to Palo Alto Foods

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7 months ago

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The company will begin rolling out its AI-enabled commerce platform, offering distributors and restaurants tools to enhance purchasing efficiency, analytics, and profitability.

SAN FRANCISCO, June 18, 2024 /PRNewswire/ — Cheetah Technologies, a restaurant and food distribution commerce platform, announced today the sale of their physical distribution business based in Pleasanton, CA, to Paul Jensen, 2nd generation owner of Palo Alto Foods. The company will be focused on bringing the technology that allowed them to scale their distribution business to the entire industry. With its features like digital product catalogs, personalized insights and recommendations, integrated payment processing, routing management, automated inventory tracking through point-of-sale integration and in-app support, the platform drastically increases profitability and efficiency of distributors, while lowering the carbon footprint.

“We built our restaurant application and distribution commerce platform to support our distribution business,” said Kim Spalding, CEO of Cheetah. “We saw firsthand how our platform upleveled our own customer experience and drove unprecedented NPS scores – 58 – in an industry that often averages NPS scores around 10. Over the last decade, the front of house of this industry has been digitized, while the back of house has remained unchanged. The food supply space, which is the largest portion of restaurant back of house, is a $400B opportunity. This is a larger opportunity than restaurant front of house which has produced more than $70B in market cap for disruptive start-ups. We’re going to seize that opportunity.”

Spalding, who had an illustrious career at Google, Starbucks, & McKinsey, joined the company in 2023 and with the support of the board, pivoted to commercializing their technology. She recently closed on an additional $14 million in funding and focused on vertical SaaS for the restaurant supply. “I’m excited to be scaling our AI-enabled distributor platform,” said Spalding. “Our decision to sell our physical distribution business to Paul Jensen was an easy one, as he’s a strong operator and trusted partner. We are now focused on scaling our platform into this exciting market and building expansions that will digitize additional workflows for distributors, restaurants and manufacturers.”

Paul Jensen, CEO of Palo Alto Foods, considered a pioneer in the adoption and celebration of organic products, said, “This is the best of both worlds. I get to continue to do what I have loved my entire career: helping independent restaurants succeed, but now with an even greater platform. With their new focus, Cheetah’s technology won’t just be an irreplaceable asset for my business, but will be an absolute game-changer for the entire foodservice industry.”

Palo Alto Foods is a business Jensen’s father started more than 40 years ago and began as a humble seller of local eggs. Jensen added, “As kids, my brother Eric and I worked side by side with him before eventually taking over the company. I can remember the landscape of Silicon Valley in a very different way. We’ve been fortunate to successfully grow with our customers, such as Google, Pixar, and Stanford Hospital, over the years. We are ecstatic about taking our business to the next level with this deal.”

The last shipment out of the Cheetah warehouse will be its software.

Distributors interested in more information please contact Cheetah Technologies’ Co-Founder Christopher Elliott, chris@gocheetah.com 

About Cheetah
Cheetah launched the first restaurant supply app, providing the simplest, most affordable way for restaurants to get their daily supplies. Cheetah’s technology was developed to solve the complex issues facing foodservice distribution including supply chain management, logistics optimization, data analytics, and purchasing algorithms which enhance efficiency and profitability for every partner in the channel. Proprietary solutions connect multiple supply-side systems with in-house sales software bringing a lean, efficient, and reliable approach to the foodservice ecosystem. This software reduces the time & labor needed to place & process orders while minimizing food waste.

Cheetah is founded and run by technology industry veterans, engineers, data scientists, supply chain and logistics experts, and innovators who have come together to help restaurateurs, distributors, and manufacturers thrive. 

For more information on Cheetah, please contact press@gocheetah.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cheetah-technologies-leans-into-scaling-their-ai-enabled-commerce-platform-nationwide-by-selling-physical-distribution-business-to-palo-alto-foods-302176208.html

SOURCE Cheetah Technologies

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Singapore’s Sodion Energy Secures MWh Supply of US Developed Advanced Sodium-Ion Batteries from UNIGRID

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19 minutes ago

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January 12, 2025

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Sodion Energy, a leading provider of sodium-ion batteries for e-mobility and integrated energy storage solutions in Southeast Asia, has secured a landmark agreement for an initial 10 MWh supply of advanced sodium-ion batteries developed by UNIGRID Inc., a California-based innovator in sodium-ion battery technology.

This collaboration strengthens Sodion Energy’s ability to address the region’s rising demand for affordable, eco-friendly, and high-performance battery solutions across mobility and energy storage sectors.

“Our collaboration with UNIGRID is a game-changer,” said Dr. CC Hang, Chairman of Sodion Energy. “These next-generation sodium-ion batteries will allow us to tackle key markets, starting with lead-acid battery replacements in e-mobility and extending into large-scale renewable energy projects and grid stabilization initiatives.”

Sodium-ion batteries offer distinct advantages, including cost-efficiency, enhanced safety, and the use of abundant raw materials, making them a sustainable choice for energy storage. With fast-charging capabilities and intrinsic non-flammability, they are exceptionally suited to Southeast Asia’s tropical climate and rapidly growing energy needs.

With a strategic focus on advanced battery technologies, Sodion Energy is poised to play a key role in driving Southeast Asia’s transition to cleaner, safer, and more sustainable energy solutions.

Website: https://sodione.com

Follow us on LinkedIn: Sodion Energy

About Sodion Energy

Headquartered in Singapore, Sodion Energy is an applications engineering leader driving the commercialization of Sodium-ion batteries across Southeast Asia. SE’s sodium-ion pack solutions are tailored to meet the diverse needs of industries such as mobility and energy storage, contributing to a more sustainable future.

View original content:https://www.prnewswire.com/apac/news-releases/singapores-sodion-energy-secures-mwh-supply-of-us-developed-advanced-sodium-ion-batteries-from-unigrid-302347661.html

SOURCE UNIGRID and Sodion Energy Pte. Ltd

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AirCheck Australia & New Zealand Renamed as RCS MEDIA MONITORS

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1 hour ago

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January 12, 2025

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SYDNEY, Jan. 13, 2025 /PRNewswire/ — AirCheck, a leading provider of broadcast monitoring services in Australia and New Zealand is pleased to announce its renaming as RCS MEDIA MONITORS, effective immediately.

AirCheck monitors songs and commercials providing almost real time reporting tools for radio and television broadcasters, music media, record companies, advertising agencies and industry analysts.

This change reflects the company’s growth, expanded service offerings, and a strengthened focus on providing comprehensive media intelligence.

The new name, RCS MEDIA MONITORS, builds on the expertise of its parent company, RCS, to offer enhanced monitoring solutions. By integrating RCS’s global technology and resources, the company will provide clients with a broader range of tools for tracking and analysing media campaigns across a variety of platforms and markets.

“We’re excited to take this step forward,” said Philippe Generali, President and CEO of RCS Global. “The rebranding to RCS MEDIA MONITORS allows us to expand our reach and improve our services, giving clients access to deeper insights and a wider array of media monitoring tools. With RCS’s support, we can offer more robust data and solutions that cover not just broadcast, but also digital and emerging media channels.”

The name change signals the company’s commitment to evolving with the changing media landscape. With RCS MEDIA MONITORS, clients can expect the same reliable monitoring services they’ve trusted for over 20 years in Australia and 15 years in NZ.

www.rcsmediamonitors.com.au

About RCS MEDIA MONITORS

RCS MEDIA MONITORS (formerly AirCheck) is a leading provider of broadcast monitoring and media intelligence solutions in Australia, New Zealand and India. The company helps clients across industries optimise media strategies, measure performance, and gain insights from a wide range of traditional and digital media. RCS MEDIA MONITORS is part of RCS, a global leader in broadcast automation and media technology.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aircheck-australia–new-zealand-renamed-as-rcs-media-monitors-302347810.html

SOURCE RCS MEDIA MONITORS

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iM Global Partner mourns the passing of Philippe Uzan

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1 hour ago

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January 12, 2025

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PARIS, Jan. 13, 2025 /PRNewswire/ — It is with deep sadness that iM Global Partner (iMGP) announces the passing, one month ago, of our dear friend and colleague, Philippe Uzan.

 

 

Philippe’s exceptional career in asset management spanned more than 30 years and is marked by remarkable achievements in the organizations for which he worked and deep contributions to the industry as a whole. His passing is a tremendous loss to all who knew and worked with him.

Philippe joined iM Global Partner in February 2020 as Deputy CEO and CIO Global Asset Management, responsible for overseeing our financial strategies and products and designing value-added investment solutions for our clients across Europe and the United States.

His expertise spanned all asset classes, and he had a deep understanding of markets and their impact on investors and their investment needs. He was an eloquent man who contributed a number of papers and articles to the media, always with the intention of educating and making financial concepts more relatable. He has left an indelible mark on our organization and on the broader industry.

Prior to joining iM Global Partner, Philippe was latterly Chief Investment Officer at Edmond De Rothschild Asset Management, where he worked for 11 years and where he led the portfolio management teams, optimizing the synergies between analysis and portfolio management. He previously spent three years as Research and Global Asset Allocation Director, where he developed the portfolio management and research teams and modernized investment processes and the product range.

Philippe began his career as an Equity Derivatives Trader at Société Générale and held roles at AGF Asset Management (now part of Allianz Global Investors) and Natixis AM.

Throughout his career, Philippe’s outstanding intelligence, humility, and collaborative spirit earned him the respect and admiration of his peers.

Philippe Couvrecelle, Founder and CEO of iM Global Partner, expressed his heartfelt condolences: “It was with infinite sadness and pain that I learned of Philippe’s passing from a devastating illness. I had known Philippe closely for almost 20 years, as we worked together for Natixis, Edmond de Rothschild and iMGP. I pay immense tribute to his humanity, his sense of humor, his brilliant intelligence and his presence, which I will deeply miss. We had shared so much and still had so much to do together. In his memory, we will continue our path forward with strength, success and intensity, always preserving our values and our company culture to which he was so attached.

We will all miss Philippe enormously at iM Global Partner. He will be remembered not only for his professional achievements but also for his warmth, generosity, kindness and his unwavering dedication to his colleagues and community. Our thoughts are with his wife and three children, his family, friends and loved ones during this difficult time.”

CONTACT: media@imgp.com

 

 

SOURCE iM Global Partner

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