The business-to-business tech scene in the Windy City saw several new moves last week. One company raised fresh capital for its product search tool while another launched its marketplace for recycled materials. Catch up on the latest with the Built In Chicago Weekly Refresh.
Logik.io raised $16M. Logik.io works to help B2B customers find the products they’re looking for with its guided product discovery, configuration and recommendation engine solution. Emergence Capital led Logik.io’s $16 million Series A round. The company said its goal is to eliminate high-touch sales and help buyers connect with solutions faster. [Logik.io]
Chicago Tech Quote of the Week
“Orbex is driving much-needed change by finally bringing globally-recognized standardization to an enormous market which until now has sat untapped and unimpeded. We are proud ... to be promoting sustainable practices in sectors which are traditionally hard to abate, while offering the unique opportunity to capitalize on increased demand for environmental commodities, ensure supply chain integrity and assist multinationals in their transition to a circular economy.” — Thomas Buchar, Orbex CEO
Orbex launched its marketplace. Operating from London and Chicago, Orbex announced the launch of its environmental commodities marketplace for authenticated recycled metals. Since hundreds of millions of metric tons of metal are recycled each year, Orbex developed a tool that helps verify the origin of recycled metal and track its use through the supply chain. [PR Newswire]
IMO acquired Melax Tech. Chicago-based healthcare data enablement platform Intelligent Medical Objects, or IMO, acquired Melax Technologies, an artificial intelligence platform for the healthcare and life sciences industries. The deal will help IMO expand its offerings into new areas of the healthcare market, such as clinical and administrative workflows and patient outcomes. [Business Wire]
