News

Procural Has Secured $1.2 Million In Seed Investment

The Bahrain-based startup is set to scale and expand the reach of its innovative platform.

Published

1 year ago

March 2, 2023

procural has secured $1.2 million in seed investment

Procural is an AI-driven procurement service that matches B2B vendors and buyers using advanced algorithms and data. The platform offers a cloud-based infrastructure, customizable workflows, automated purchase orders, and real-time budget tracking.

Now, the Bahrain-based startup has secured a seed investment of 1.2 million USD from Flagship Holding and BenchMatrix in a bid to accelerate product development and boost market growth.

“We found a gap in the market and have developed a secure, scalable solution that can be accessed from anywhere. By streamlining the purchasing process, businesses can save time and money while ensuring compliance with their procurement policies. This investment is a validation of our platform’s credibility and potential, and we’re excited to work with Flagship Holding and BenchMatrix to take Procural to the next level,” says Uzair Usman, the chief executive and co-founder of Procural.

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With an extensive suite of data-driven analytical features, Procural helps businesses to manage procurement, track spending, and identify opportunities for cost savings and improvements in process efficiency. The platform helps to digitize the entire procurement process flow, from request to fulfilment, increasing their clients’ sourcing outreach.

With the new funding, Procural will expand its team, improve the platform’s feature set, and accelerate growth, helping the company to become the go-to procurement solution for businesses looking to streamline their workflows.

News

Samsung Galaxy Ring Wearable Will Launch In Eight Sizes

A recent Korean report reveals the model numbers of the new health tracking device, as well as details of its key features.

Published

1 day ago

April 25, 2024

Nour Nasir

samsung galaxy ring wearable will launch in eight sizes

The global launch of the Samsung Galaxy Ring is hotly anticipated, with details about the next-gen wearable gradually emerging since the company’s teaser announcement back in January. Now, a report has also unveiled the model numbers for the device, suggesting it will be available in eight different sizes.

While Samsung has yet to divulge detailed specs and features of the Galaxy Ring, it’s likely to feature an array of health and sleep monitoring functionalities, while boasting a battery life of up to nine days on a single charge.

As per a Galaxy Club report, there are currently eight confirmed variants of the Galaxy Ring: SM-Q500, SM-Q501, SM-Q502, SM-Q505, SM-Q506, SM-Q507, SM-Q508, and SM-Q509.

However, the mystery shrouding two absent model numbers persists, leaving speculation as to whether they signify additional sizes or if Samsung plans to unveil a later ninth variant of the ring, as previously hinted. There’s conjecture that these models may correspond to US ring sizes 5 and above, commencing with the SMQ500, with subsequent numbers potentially indicating larger ring sizes, possibly reaching up to size 13, aligning with model number SM-Q509.

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Recent Korean reports have shed light on how Samsung’s Mobile eXperience division (MX) collaborated with the Home Appliance department to integrate Samsung Food with the Galaxy Ring: Tailored for daily activity tracking, the Galaxy Ring, when paired with Samsung Food and an intelligent Samsung refrigerator featuring AI vision, delivers personalized dietary guidance based on calorie intake and BMI.

Samsung is banking on the user-friendly interface and high durability of the ring to redefine the healthcare wearables landscape. Meanwhile, Apple is also making strides in the development of a smart ring, aimed at monitoring users’ health biometrics discreetly when worn on the finger. According to the Electronic Times report, Apple has been closely monitoring market interest in this more inconspicuous alternative to a traditional watch.