Chain.io appoints GT Nexus founder John Urban to the board
Chain.io, a supply chain data platform, has appointed the founder of GT Nexus, John Urban, ...
RXO: ANOTHER RECORD DHL: JOINING THE PARTYKNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAY
RXO: ANOTHER RECORD DHL: JOINING THE PARTYKNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAY
Forbes writes:
Slync, the logistics tech startup that ousted its CEO and founder who was subsequently arrested on fraud charges earlier this year, is shutting down.
The San Francisco-based company, once valued at $240 million by investors including Goldman Sachs, is being forced into liquidation after former CEO Chris Kirchner sued the company to pay for his mounting legal bills. In a legal filing this month, the company said it would liquidate “because it maintains insufficient capital to continue to operate due to its financial underperformance and Kirchner’s [alleged] fraud.”
The meltdown comes just months after the company announced that it had raised a $24 million lifeline in funding from Goldman Sachs and other investors. Goldman Sachs declined to comment…
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