In case you need to move your four-wheeler to Texas or another state, one of the ways to do it is with the help of car transportation companies. This method brings peace of mind because you don’t have to move a finger while your vehicle arrives safely at your new address. But you might wonder how much this service will cost and whether it’s worth it.
For starters, you can research car transportation companies in Texas and compare their rates. Handy online calculators can help you with that. The price of shipping service matters, but it’s certainly not the deciding factor when choosing a shipper.
Check the following source to learn about factors that drive shipping rates:
Be very careful and pay a lot of attention to carriers’ reputations and track records. The goal is to find a company you can trust and entrust your car to. As for rates, they aren’t set in stone, and there are several ways to make them lower.
Location
The logic is simple. The further you go, the more vehicle shipping will cost you. However, there are ways you can save on mileage. Although the door-to-door service is very convenient because it doesn’t require any commitment from you except to be at home when the courier comes to pick up the car and deliver it to your new address, this perk can cost you a lot.
A more budget-friendly option is terminal-to-terminal shipping. After choosing a shipper, ask where their drop-off and delivery designated spots are. If they are nearby, going there won’t take much time, you won’t use too much fuel, and you can save a substantial amount.
The difference in shipping rates can also be made by the routes that carriers take to your delivery destination. If it’s on a busy route, especially in a smaller city, transporting your car there will cost less than hauling it to a big city or anywhere outside the planned route.
Consider Season
Timing is everything when it comes to saving on car shipping costs. As in many other industries, it’s essential to book vehicle transportation as early as possible to get more favorable rates. Of course, it doesn’t mean you should think about this a year in advance. A month or two is quite enough to plan your four-wheeler transport and enjoy lower prices.
You can save the most if you’re not strictly bound to the pick-up and delivery date. For example, the peak season when carriers in Texas have the most work is summer and fall. Then people go on vacations, move, go to college, etc. These are all reasons for hiring a car transportation company.
Shipping your vehicle off-peak, when the roads are less crowded, can bring significant savings. Hauling your four-wheeler to a new location before you go there can save you a lot of money, especially if you have multiple cars. Then, you can decide to leave only one to serve the purpose until your final departure. On this link, gather more info about car shipping in general.
Think of Insurance
Insurance is an expense, but it’s always better to have it and not use it than not have it when you need it. Trusted shippers carry a proper liability that protects clients and their assets from unnecessary costs and frees them of responsibility in case of damage that occurs to vehicles during transportation.
So, always incur whether a carrier has proper insurance. In case your four-wheeler suffered damage during transport in an open trailer, for example, from road rocks, the shipper will pay for repair. You have to file a claim and get an estimate for necessary repairs. The carrier’s insurer gets everything done fast.
Take Advantage of Brokers
If you are flexible about the shipping period and carrier, you can push your luck with brokers. It can bring you significant savings, but brokers can also do a large part of the work for you by checking multiple car transportation companies in Texas and comparing their rates and services.
Although you usually pay an additional price for the broker’s service, it can be a very good investment. You may be quite lucky if a broker finds a vacancy to transport a vehicle to your location at a significantly lower price. These are most often sudden inquiries before the trip, and a carrier is willing to offer lower rates in order to fill a place before departure.
Car Preparation
Don’t skip this step before ship a car to Texas, as vehicles that are not operational, clean, or free of personal items will incur additional shipping costs. It can go up if your car won’t start off if a carrier finds anything undesirable in your vehicle. So spare yourself from hassle and unnecessary costs and clean your car before shipping.
By making some wise moves, you can save a lot on shipping costs in Texas. Make sure you find a trusted shipper, prepare your four-wheeler for transportation, and always have the proper insurance to bring you peace of mind.
On May 17th, 2021, Tesla Motors covered a voluntary recall for the over-the-air update of its Full Self-Driving (FSD) software. This recall affects 362,758 vehicles registered in the United States, Canada, and Mexico, attributed to safety concerns in their FSD system.
The recall follows an internal investigation: “Tesla became aware of a potential concern related to its FSD systems.” It is thought that the issue could make it difficult for drivers to take control of the car in certain scenarios if activated too quickly or with insufficient measures taken as part of the safeguards – such as checking mirrors or ensuring there is road space ahead before accelerating.
Tesla has developed and tested an improvement for its vehicles to resolve this issue. The Company encourages drivers to download this updated version as soon as possible from their official website.
Overview of Recall
Tesla recently announced a voluntary safety recall of 362,758 vehicles due to safety concerns over its Full Self-Driving software.
This recall affected the Tesla Model S and Model X vehicles built between 2014 and 2019 due to a potential malfunction in the Autopilot hardware.
This article will provide an overview of the recall and its implications.
Tesla recalls 362,758 vehicles over Full Self-Driving software safety concerns
Tesla recently announced a voluntary recall of 362,758 Model S and Model X vehicles to address certain safety issues related to the Company’s Full Self-Driving (FSD) software. The recall comes as the Company had stated earlier this year that they were working on a software update to improve safety.
The FSD system was developed in 2020 and installed into vehicles within the past two years. The system is designed to assist drivers with keeping the vehicle in their lane, responding to stop signs and traffic lights, navigating complex road conditions, and other aesthetic driving features.
The update being released as part of the recall will address possible system responses that could “cue improper inputs from drivers while changing lanes” or result in longer response times when dealing with external objects around the car. Tesla reportedly has received no reports of accidents giving rise to its announcement of this recall but plans on issuing an over-the-air software update soon.
Owners impacted by this recall will be notified by Tesla via email or text message with instructions on receiving the updated software for their vehicles. All repairs or updates are expected to be completed at no cost to customers, who can also contact Tesla’s service teams for additional information related to recalls.
Affected vehicles include Model S, Model X, and Model 3
Tesla recently announced that it is recalling 362,500 vehicles over safety concerns related to its Autopilot and Full Self-Driving software update. The recalled vehicles include Tesla Model S and Model X cars manufactured between 2016 – 2018, as well as Tesla Model 3 vehicles produced between 2017 – 2019.
The issue stems from a recent software media control unit (MCU) update, version 8.1 2020.44.2, which had the potential to be installed on those vehicles with the hardware infotainment unit called ‘MCU 2’ installed in them. The MCU 2 hardware was introduced in the above-mentioned models starting in March 2018 and consists of a high-speed processor specifically designed for artificial intelligence applications such as Autopilot and self-driving features.
Through its product recall announcement, Tesla stated that these affected cars may fail to display some situations or objects through their cameras due to being unable to process images from their high resolution cameras quickly enough; this in turn could lead to certain features Activated by the Full Self Driving computer not functioning correctly, resulting in an increased risk of accidents when driving with Autopilot or self driving systems activated without proper supervision from a driver operating the vehicle manually when necessary. Furthermore, other miscellaneous functions based on images from the MCU 2 supported cameras could be impaired due to this issue as well.
Details of Recall
Tesla has issued a recall for 362,758 vehicles over safety concerns related to its Full Self-Driving software. This recall affects all Model S, Model X, and Model 3 vehicles that were manufactured between October 2016 and March 2019. The recall affects vehicles in the United States, Canada, Mexico, and some other countries.
Let’s take a look at the details of the recall.
Safety concerns related to software update
On April 12th, 2021, Tesla’s automatically updated its software to version 20.48.15.2, which recalled 362,758 vehicles over safety concerns related to the Full Self-Driving software update. The recall affects Tesla Model 3 and Model Y vehicles manufactured between June 2018 and February 2021 with build dates of May 31st, 2021 or later.
The Company is sending out a Software Update Requiring Acceptance email to the owners which alerts them that their car needs the updated software in order to address safety concerns related to their Full Self-Driving software update. The recall was announced in conjunction with the National Highway Traffic Safety Administration (NHTSA).
Tesla is urging customers not to wait for the recall notice in order for their cars to receive the patch. The Company has urged customers who have received this email or experienced any of the symptoms listed above to contact a Tesla Service Center immediately for further assistance and to arrange for patching of the car’s software update. Failing to do so could lead to decreased vehicle performance and possible injury due to limited control while driving your car.
Potential for vehicles to unexpectedly accelerate
Tesla has initiated a voluntary recall of 362,758 vehicles due to safety concerns related to the Full Self-Driving software. This recall was made in accordance with NHTSA’s Early Warning Reporting requirements and includes all Tesla Model S and Model X cars built before April 19th, 2016.
The issue stems from the potential for these vehicles to unexpectedly accelerate, creating a risk of injury or collision. If a driver inadvertently applies acceleration using the Full Self-Driving software while brakes are being applied, this may result in unexpected high speed acceleration of the vehicle on public roads or during parking maneuvers.
Owners of affected vehicles have been contacted via email, text message or phone call and instructed to update their vehicle with the most recent version of the Full Self-Driving software. This update eliminates this potential risk by disabling the use of Autopilot during braking events and will be automatically installed when applicable owners connect their car to Wi-Fi or Cellular data enabled Tesla Centres or service centres.
Tesla working with NHTSA to investigate
Tesla is working with the National Highway Traffic Safety Administration (NHTSA) to investigate potential safety issues relating to its updated Full Self-Driving software. The NHTSA has received reports of incidents on cars with the updated software, including cars running in Autopilot mode, that have reported visual and safety systems malfunctioning, including a failure of the driver assistance system to notify drivers when necessary.
The NHTSA has initiated an investigation on the issue and Tesla has voluntarily recalled all vehicles equipped with the new software, which affects 362,758 vehicles worldwide. As part of its response to the NHTSA investigation and recall notice, Tesla has engaged experienced third-party consultants to review its technology and processes related to autonomous driving.
Tesla is providing customers impacted by this recall with access to remote technical support services to help restore their vehicle’s autonomy system safely as quickly as possible. In addition, Tesla is allowing affected customers who are unable or uncomfortable driving their vehicles until they receive a permanent resolution from its team free loaner vehicles while they wait for their own car’s service appointment.
Impact of Recall
Tesla recently recalled 362,758 vehicles over Full Self-Driving software safety concerns. This recall is a significant event for the Company as it has called into question the safety of the software they have been developing.
In this article we will be looking at the implications of the recall on Tesla and the potential risks associated with the Full Self-Driving software.
Affected vehicles will need to be repaired
As part of the recall, the approximately 362,758 affected vehicles will need to be brought in for repairs—specifically, the Full Self-Driving computer that is used for self-driving must be replaced. Tesla has already initiated contact with customers via their cars’ touchscreen displays about bringing their vehicles into an authorized service center for repairs.
Additionally, impacted vehicles will receive an over-the-air software update that will disable certain aspects of Autopilot and Full Self-Driving until they can get their car repaired. Tesla states that “if not addressed promptly by having parts replaced, prolonged use of a vehicle with a recalled part may increase the risk of fires and other safety issues occurring without warning or reduced effectiveness during operation of certain driver assistance features”.
For owners looking to make repairs quickly but can’t bring their vehicle in an authorized service center immediately, Tesla has released instructions on how to temporarily disable certain parts of Autopilot and FSD while they wait to get their car serviced.
Potential disruption to Tesla’s production schedule
Tesla’s recent recall of 362,758 vehicles using its Full Self-Driving (FSD) software has the potential to disrupt the Company’s production schedule and dent its profits. In response to the sudden recall, Tesla will need to identify and replace parts on all recalled vehicles, risking delays that could have a negative impact on Tesla’s already tight production timetable.
As a result of this recall event, Tesla may experience a temporary pause in production while they address repairs related to existing vehicles and reallocate resources necessary for recall compliance. Furthermore, potential deficiencies in quality control procedures necessary for proper FSD software installation may require additional time consuming steps in order to ensure safety standards are met before factory production resumes.
Additionally, the financial burden of a large scale vehicle recall may lead to diminished customer trust and strain customer loyalty. Costs associated with a comprehensive vehicle recall can range from replacement parts distribution fees to labor costs incurred during individual repairs. Compensation for recalls also consumes resources that often times detract from capital allocated towards research & development activities, ensuing model enhancement & innovation initiatives go unaddressed or delayed for extended periods of time leading up great customer dissatisfaction.
It is not clear how this latest news will affect Tesla’s long-term outlook, but it certainly presents an immediate short-term challenge that could delay new model releases as well as impacting sales objectives throughout 2020 & potentially into 2021 if it is not resolved promptly and properly addressed.
Impact on Tesla’s stock price
The recall of Tesla’s Full Self-Driving software update was an unexpected jolt for the electric car manufacturer, and the recall’s impact on the Company’s stock price reflects investor pessimism regarding the issue. Following news of the recall, Tesla’s share price fell 2.6 percent on March 17th, 2021. This was followed by further losses when Elon Musk appeared on CBS to discuss the recall and how it might affect investors.
The dramatic drop in stock prices is likely due to a loss of confidence in Tesla’s ability to rapidly develop software updates while ensuring adequate safety standards are met. Investors are keenly aware that software updates can take a significant amount of time, which reduces the profitability of the Company in a highly competitive market where speed is often seen as an advantage. Furthermore, automotive recalls can be expensive and damaging to companies’ reputations – both remain sources of concern for potential investors.
To restore lost investor confidence, Tesla may need to introduce drastic changes in their engineering practices and invest heavily in quality assurance to ensure all future software updates meet stringent industry safety standards. Moreover, it would also be beneficial if Tesla could provide timely updates about their progress in rectifying any issues with recalled items and inform customers about their plans for protecting customer data from being manipulated or inappropriately accessed by malicious actors – both of which could go a long way towards restoring faith in their abilities as car makers capable of producing safe autonomous vehicles without moral hazards inherent with rushed upgrades or incomplete software engineering processes.
Conclusion
In conclusion, Tesla has issued a full recall of its 362,758 vehicles over safety concerns related to its Full Self-Driving software update. This recall was made in order to protect Tesla customers from the potential risks associated with this software. Though the magnitude of this recall should not be taken lightly, it does not mean that self-driving cars are not a safe option for drivers. Instead, it serves as an indication that companies should remain vigilant and responsible when releasing any advanced tech products in the future.
Additionally, this recall is proof that companies must actively monitor released products and make proactive updates to ensure safe and reliable operation.
tags = Tesla, 362,758 vehicles, Full Self-Driving software, safety concerns, open nhtsa tesla ndas otakorosectechcrunch, nhtsa tesla ndas otakorosectechcrunch, 2016–2023 Model S, over-the-air software update,
Tesla is under pressure from the National Highway Traffic Safety Administration (NHTSA) regarding their Full Self-Driving Beta Non-Disclosure Agreement (NDA) and ‘stealth recall.’ This comes after recent reports that some Tesla owners were encouraged not to discuss their problems with their vehicles.
The NHTSA has issued a letter to Tesla, demanding that it provide details about such an agreement and potential ‘recall.’ In this article, we will provide an overview of the current situation and examine the potential implications of NHTSA’s actions.
Tesla’s Full Self-Driving Beta NDA
Tesla, Inc., founded in 2003 by Elon Musk, has been at the forefront of the electric car and driverless technology revolutions. The company’s latest offering, Full Self-Driving (FSD) Beta, promises to dramatically transform the way many people go about their daily lives. It combines advanced sensors and machine learning software to provide drivers with an improved driving experience.
However, not everyone is thrilled with FSD Beta. Since its launch in October 2020, Tesla has received criticism from the National Highway Traffic Safety Administration (NHTSA) over its non-disclosure agreement (NDA), which requires users to agree not to share detailed information on how FSD Beta works. This includes restrictions on publishing pictures or videos online that show screens or reveal sensor configuration details.
The NHTSA has argued that Tesla should release this information – including accuracy levels and system performance – so that researchers and regulators can assess safety risks before allowing it to be used on public roads with other vehicles. By not doing so, critics say Tesla is lacking transparency concerning a technology that could be potentially dangerous if not implemented properly. This lack of visibility has spurred fears of what some are calling a “stealth recall,” as any potential faults would remain hidden until they manifest into an issue on the road.
NHTSA’s Pressure on Tesla
In December 2020, the National Highway Traffic Safety Administration (NHTSA) issued a public letter to Tesla objecting to certain elements of Tesla’s Full Self-Driving (FSD) Beta release. The NHTSA took issue with the non-disclosure agreement that requires FSD customers to adhere to confidentiality regarding their experiences. This limitation of dissemination of crash-related information contradicts the NHTSA’s Crashworthiness Data System designed to ensure unrestricted reporting and analysis of motor vehicle crashes throughout the United States.
In addition, the NHTSA expressed concern over an alleged “Stealth Recall” in which Tesla failures and data relating to such failures are not being shared with safety regulators as part of format recalls. The Stealth Recall is concerning, as it prevents regulators from conducting important investigations into state issues and keeping track on improvements that may be made by auto makers regarding vehicle safety and other issues.
The agency is asking for more information from Tesla in order to verify that all safety-related incidents are being reported promptly and accurately, in order for them to address any potential safety hazards. These demands come in a bid for greater transparency from Tesla’s self–driving vehicles as they move away from a traditional regulatory process.
Background
Tesla has recently come under increasing pressure from the National Highway Traffic Safety Administration (NHTSA) over its Full Self-Driving Beta NDA and the company’s controversial “stealth recall” of 53,000 vehicles. This has created a huge stir in the automotive industry, with many questioning the legality of Tesla’s actions.
In this article, we’ll discuss the background of this situation and the implications it has for Tesla and the wider industry.
Tesla’s Autopilot System
Tesla is an electric car manufacturer that produces luxury vehicles and autonomous vehicle technology. In October of 2020, Tesla released a beta version of its Full Self-Driving (FSD) feature on a public beta test. The FSD Beta has been made available to select customers through a non-disclosure agreement (NDA).
In December, the National Highway Traffic Safety Administration (NHTSA) sent Tesla a letter questioning the legality of Tesla’s use of an NDA with customers to limit information about potential safety issues that FSD Beta testers encounter. The NHTSA also requested information about what it referred to as “the apparent ‘stealth recall'” to address perceived safety issues impacting thousands of Model 3 cars—in which Tesla silently updated its software without notifying affected customers.
Since 2015, Tesla has used Autopilot software to enable some cars driving autonomously, but with limited capabilities and optional driver engagement. This setup requires drivers to both keep their hands on the wheel and remain alert while Autopilot is engaged in order for it to be safe. Each update brings improvements to certain aspects such as increasing accuracy when following lane lines or increasing detection for unseen objects. With each autonomous update, drivers are able to increase their driving confidence and trust in using Autopilot features like Navigate On Autopilot and Auto Lane Change.
However, critics bring up whether full autonomy can actually be properly enforced at this time due partially to legal or ethical concerns with self-driving technology such as how Autonomous Vehicles need appropriate responses unforeseen dangers or weather conditions that could make driving difficult yet safely otherwise achievable with skilled human drivers or consistent maintenance than self-driving cannot provide at this stage.
NHTSA’s Investigation of Tesla’s Autopilot System
The National Highway Traffic Safety Administration (NHTSA) has opened an investigation into Tesla’s Autopilot system. This came after concerns were raised about the way Tesla distributes its full self-driving software to customers on a public beta basis. Additionally, NHTSA is also investigating whether or not Tesla engaged in a ‘stealth recall’ of the vehicles equipped with Autopilot by pushing out software updates that changed the behavior of their driving assistance system.
Tesla issued a statement in response to the news: “We are cooperating with NHTSA and have provided significant information in response to their requests. We will continue to do so.”
The dispute centers around whether shifting key components of a vehicle’s safety features, such as Autopilot functions, should be performed as part of an official recall process or via private software updates—without subjecting customers to any liability stemming from their own unconventional use of the feature. This decision rests squarely on NHTSA—the agency that sets the enforcement standards for car companies and policing systems like Autopilot.
As this investigation unfolds, both industry experts and enthusiasts are eagerly awaiting what is sure to be an important decision from NHTSA as it shapes the future of not only autonomous cars but consumer product safety regulations for years to come.
Tesla’s Full Self-Driving Beta NDA
Tesla is under increasing pressure from the National Highway Traffic Safety Administration (NHTSA) over the non-disclosure agreement related to its Full Self-Driving Beta program, as well as its decision to conduct what appears to be a “stealth recall” on certain vehicles with faulty adaptive cruise control hardware.
This article will discuss the implications of the NHTSA’s actions on Tesla and the potential repercussions of its actions.
Overview of the NDA
In late July 2020, the National Highway Traffic Safety Administration (NHTSA) sent a letter to Tesla requesting more information related to the automaker’s Full Self-Driving beta test. NHTSA also raised questions about a recently revealed “stealth recall” involving Tesla vehicles with Autopilot hardware.
Tesla responded to NHTSA’s request by providing details on its Full Self-Driving beta test, including an overview of the Non-Disclosure Agreement (NDA) each driver must sign before participating in the testing. According to Tesla, each driver agrees not to disclose confidential information regarding the program and their experience with it. Additionally, drivers are required to agree not to use their vehicle for business purposes or for hire; and agree not to operate or allow anyone else to operate their vehicle in a public place or area unless a way is provided exclusively for autonomous vehicles. Drivers must also understand that they are responsible for any damage claims related to participation in the testing program – meaning any accident or collision involving the vehicle which was caused by improper operation is solely the responsibility of its operator.
Finally, drivers only hold Tesla harmless from all claims, demands and proceedings if an accident or collision occurs while their vehicle is being operated under this testing agreement. This agreement will continue until terminated by either party with five days written notice given via mail or email at least one day prior to its expiration date.[1] It should be noted that participation in this program does not grant anyone authority over Teslas vehicles other than its drive modes and it may still be necessary for drivers of autonomous vehicles operated through this agreement’s testing terms and conditions to hold a valid driving license [2].
Criticism of the NDA
In recent weeks, Tesla has come under increased pressure from the National Highway Traffic Safety Administration (NHTSA) over its policies relating to its Full Self-Driving Beta program and a potential “stealth recall” of its Model S and X vehicles.
The NHTSA has taken exception to Tesla’s requirement that drivers who participate in the Full Self-Driving Beta program must sign a non-disclosure agreement (NDA). According to NHTSA, Tesla drivers should not be required to waive their right to report safety-related defects or incidents linked to the use of the vehicles for research purposes.
Further, NHTSA raised questions about whether Tesla’s approach could prevent consumers from reporting dangerous situations and impede America’s recall system by preventing owners from discussing faults with regulators and other users. Adding fuel to this fire was a class action lawsuit filed in California claiming that Tesla violated consumer protection laws with its refusal to allow customers who had purchased its Enhanced Autopilot package the ability to participate in the Full Self-Driving Beta program.
To address these concerns, Tesla has revised certain aspects of its beta program including allowing customers with Enhanced Autopilot packages access and loosening restrictions on customers’ ability to talk publicly about their experiences; however it still requires drivers participating in the program sign an NDA prohibiting direct communication between testers and describing specific features being tested. This approach has raised questions among industry experts and safety advocates who question whether this is enough – some argue that eliminating NDAs altogether would ensure that safety issues are reported quickly and accurately without fear of retribution or censorship.
Tesla is under pressure from NHTSA over Full Self-Driving Beta NDA and ‘stealth recall’
The National Highway Traffic Safety Administration (NHTSA) has recently put Tesla under pressure with the Full Self-Driving Beta NDA and a potential’ stealth recall’.
NHTSA has reportedly issued a notice to Tesla to cease granting access to a beta version of its Full Self-Driving (FSD) features and has also opened an investigation into Tesla’s possible involvement in a potential ‘stealth recall’.
In this article, let’s go over the details of this recent development and see how Tesla is responding to the NHTSA’s pressure.
NHTSA’s Request for Information on the NDA
The National Highway Traffic Safety Administration (NHTSA) recently issued Tesla a Request for Information pertaining to their Full Self-Driving Beta NDA and ‘stealth recall.’
In the letter, the NHTSA requested information on specific incidents related to Tesla’s beta testing program, as well as data on other changes or modifications that have been made to its vehicles since June 2020. The agency noted that it has received complaints from owners who have felt pressured into signing the NDA. It also questioned whether or not Tesla has taken proper steps to ensure customers are aware of all of the safety risks associated with driving an Autopilot-enabled vehicle with Full Self-Driving capabilities.
The NHTSA also expressed concern about a “stealth recall” involving potential degradation of certain batteries in some models as reported by Consumer Reports. The agency is requesting details about how this issue is being addressed, including how many vehicles may be affected and what corrective actions are being taken by Tesla. In addition, NHTSA asked Tesla to provide information regarding any other modifications to its fleet that may have occurred since June 2020 which could affect performance or reliability.
Tesla must respond to the request within 20 days, with information related to Autopilot features expected by November 1st and details related to battery degradation by December 1st. The action marks another step in an ongoing investigation into potential safety issues with Tesla’s Autopilot system and heightens the pressure on the company from federal regulators who appear unconvinced that its methods for releasing this new technology are accurate and safe for public use.
NHTSA’s Request for Information on the ‘Stealth Recall’
The National Highway Traffic Safety Administration (NHTSA) has requested information from Tesla about a possible “stealth recall” involving the electric car maker’s Autopilot autonomous vehicle technology.
The agency is growing increasingly concerned about the safety of drivers and passengers in Tesla vehicles, particularly given reports that Tesla has been performing software updates to fix a known issue with Autopilot without alerting drivers. The software update reportedly modified the Autopilot system’s tracking of speed limits and lane markings, allowing it to stay in its lane longer—a potentially useful improvement, but one that could also present new dangers.
The NHTSA issued an official notice notifying Tesla that it must provide full details on the changes made to its Autopilot system by October 26th or face potential enforcement action. In its request for information, the NHTSA noted that while over-the-air updates of this type were “an accepted part of modern automotive technology,” they “must be conducted safely and any recalls should be conducted according to NHTSA’s safety rules.”
Tesla has also come under fire for its Full Self-Driving Beta Non-Disclosure Agreement (NDA). Consumer advocacy groups have argued that this agreement could allow Tesla to hide serious flaws or design problems from regulators and thus potentially put their customers in danger.
Ultimately, regulators have made clear that they take seriously any allegations of unsafe practices concerning autonomous driving technology. It remains to be seen what actions Tesla will ultimately take in response to the latest inquiry from federal regulators.
Conclusion
The National Highway Traffic Safety Administration is pressing Tesla to take further action with regards to the full self-driving beta (FSDB) non-disclosure agreement. This includes reviewing the NDA in light of consumer rights, stressing the importance of responsible usage, and introducing a ‘stealth recall’ that would alert drivers in situations which could be potentially dangerous.
The NHTSA has recently expressed concern about the adequacy of safety protocols associated with autonomous vehicles, including those taken by Tesla. NHTSA’s enforcement division is currently engaging with Tesla to provide clarity on the issues and identify solutions that may be necessary to ensure public safety.
Until then, drivers should continue to exercise caution while using automated driving systems in order to minimize any risk or danger.
tags = Tesla, NHTSA, Full Self-Driving Beta, NDA, stealth recall, open nhtsa tesla fsd tesla otakorosectechcrunch, Autopilot,
Lido Finance provides access to various DeFi protocols through a single interface. In addition, the platform offers various services, including staking and yield farming, liquidity mining, and loan origination.
Recent developments have seen Lido Finance activate a staking rate limit after more than 150,000 ETH has been staked. Let’s take a closer look at what this means for Lido stakers.
What is Lido Finance?
Lido Finance is a Decentralised Autonomous Organization (DAO) built on the Ethereum blockchain. The mission of Lido is to provide a platform that enables users to optimise their crypto asset yield and overcome some inherent inefficiencies in the crypto and DeFi space.
To accomplish this goal, Lido offers three main products, including a full suite of liquidity-provider services called Liquidity Protocols (LP) and Yield Aggregation Services, allowing users to optimise their investment yields with minimal effort, and an innovative token-credit system known as yLDAO tokens.
As a DAO dedicated to decentralising finance, Lido rewards holders for their LP token holdings in DAI, ETH and many other cryptocurrencies. Additionally, each LP token holder can earn voting privileges by staking these LP tokens in the Liquid Democracy Voting Portal. Through voting on projects at various stages of development, stakers are financially incentivized for providing judgement on important decisions impacting the direction of the Lido ecosystem.
With its wide array of rewards mechanisms available for stakers and liquidity providers alike, Lido Finance provides an innovative platform capable of delivering value now and in the future.
What is staking?
Staking is a way for holders of financial tokens, like Lido (LDO) , to earn rewards by helping to secure the network by ‘staking’ their tokens. When users stake their tokens, they put them into a ‘pool’ with other users’ staked tokens and commit them to a smart contract on the blockchain. The users are then paid interest in the form of newly minted or existing tokens depending on the staking model used by the project.
Staking rewards vary from project-to-project and can be achieved in different ways. Therefore, users need to understand the process and fees associated before choosing to stake their cryptocurrencies. On Lido, both options are available for stakers: LPOS (Liquidity-based Proof of Stake) and VBFT (Variable Bounded Functionality Token).
LPOS is an incentive model encouraging stakers to provide liquidity to blockchain networks, like Lido’s public network. This ensures an even distribution of token holdings for validators and delegates (miners) to be incentivized appropriately for their work. In LPOS, holders of LDO are eligible for rewards twice daily or once daily depending on how much they stake and which pools they choose.
VBFT is a reward mechanism that uses validators and delegates elected through community voting — called Guardians — to provide network security in return for incentives expressed as rewards in native tokens (LDO). It works similarly to Proof of Stake or Delegated Proof of Stake but emphasises decentralisation via community voting power more than currency distribution among stakeholders after stakes expire. Validators receive rewards based largely on how many votes they get. In contrast, delegates receive compensation based on how many blocks they produce daily — similar incentives found with conventional PoS systems such as Bitcoin’s consensus algorithm.
Lido Finance activates staking rate limit after more than 150,000 ETH staked
On Wednesday, Lido Finance announced a staking rate limit after more than 150,000 ETH had been staked. This limit affects new and existing stakers and limits how much ETH stakers can earn from their staked Lido tokens. This will impact the network’s staking rewards, liquidity, and other aspects.
Let’s take a closer look at the impact of the staking rate limit.
What is the staking rate limit?
The staking rate limit is a new feature introduced by Lido, an Ethereum-based staking platform. This limit allows users to dictate the maximum rewards they receive from participating in the network’s consensus.
When users set a staking rate limit on their wallet or account, it will prevent them from receiving rewards when their earned tokens exceed this predetermined maximum. This can be seen as an optimism cap on the rewards that can be removed from the network anytime.
The benefit of setting such a limit is that it prevents users from dedicating too much of their stake to maximise rewards and potentially lead to future problems in terms of resource utilisation and incentivization. Setting such limits also helps ensure fair access to token emission opportunities among all participants in the network. It thereby prevents any user from dominating the system’s rewards distribution by leveraging its disproportionately high stake compared to other participants.
By implementing these different rate limits — from daily, weekly or annual — Lido’s users can decide for themselves how much reward they are comfortable taking out at any given time, establishing a balance between potential earnings and tokenized investor protection.
How will the staking rate limit affect Lido stakers?
The staking rate limit refers to the maximum amount of tokens staked by a single validator. It was recently implemented by the Lido project for its native token, LDO. The current staking rate limit is set at 20%. This rate limit means that a single validator cannot stake more than 20% of the total supply of LDO at any given time.
The impact of this limit is twofold. First, it helps secure the network by preventing any single validator from having disproportionate control. Second, it restricts any validator’s earnings, meaning rewards are spread more evenly throughout the network.
This new rate limit provides additional security measures to ensure a secure and fair distribution of rewards amongst all Lido stakers. In addition, the 20% cap also incentivises small-scale stakers who might otherwise not benefit from staking large amounts as larger players will be limited by the cap’s constraints. Ultimately, this rate limit helps to ensure that all participants reap their fair share of rewards and maintain a balance within the network’s security and economic incentives for all stakeholders involved in staking on Lido’s network.
Benefits of Staking with Lido
With Lido Finance’s recent activation of their staking rate limit, users can now benefit from staking ETH tokens to earn rewards.
This is a huge step forward for DeFi as more people are incentivised to join the network and participate in staking.
This article will explore the benefits of staking with Lido Finance.
What are the benefits of staking with Lido?
Staking with Lido is a secure way of earning rewards for performing essential maintenance activities on a network. It requires users to lock away their tokens and serve as “validators” on the network in exchange for a reward, usually in the form of additional tokens. When done correctly, staking brings numerous benefits to token holders including:
-Network Security: Staking provides security to a network. By staking tokens and validating transactions, users play an important role in securing and verifying the accuracy of the reported data. This increased security leads to stronger networks and blockchain systems that benefit users and developers alike.
-Increased Profitability: Stakers can generate higher returns than traditional financial investments such as stocks/bonds or cash deposits. This is due to most staking models having predetermined rewards that are given out rather than subjecting them to volatile market forces like price appreciation or depreciation. As such, anyone who invests in stocks or bonds can use staking as an alternative option for increased investment profitability.
-Credibility: When users stake their tokens they help increase the credibility of the project they support through providing community support and technological capabilities. This helps build trust among other stakeholders, developers, investors, and other partners involved with the project.
-User Engagement: Staking encourages user engagement with projects due to its incentivized structure; this fosters stronger relationships between platforms and its user base, contributing greatly to its overall success over time.
What are the potential rewards for stakers?
Staking with Lido has many potential rewards, and can provide stakers with greater security and flexibility in their investments. In addition, investors can earn rewards over time by locking up a certain amount of their funds in their Lido staking wallet. This reward system incentivizes active participation in the network and its associated governance decisions, making it more sustainable for the long-term.
The most immediately visible benefit of staking is that it enables users to earn passive income through rewards for participating in block production and validating transactions on the blockchain. By staking their tokens, users can earn anywhere from 3-20% annually depending on the specific pool they join. Additionally, they may become eligible for other benefits such as reduced transaction fees and early access to new products or services being introduced to the platform.
Staking also increases the security of users’ investments by providing additional protection against malicious actors on the network due to its consensus algorithm that requires two-thirds of participating nodes to agree on changes before any action is taken. Furthermore, because coins held in a user’s Lido staking wallet can not be moved without first passing through a majority consensus process, they are much less vulnerable to hacking attacks than coins stored elsewhere like an exchange or personal hot wallet.
Lastly, by staking with Lido users can maintain access to their tokens. At the same time participate in decentralised governance where token holders directly influence core decisions within the network, ensuring that any proposed changes are fair for all stakeholders involved.
Potential Risks of Staking with Lido
The recent surge in staking of Ethereum on the Lido platform has triggered the activation of the staking rate limit, implying that risks of staking with Lido need to be assessed.
This article will address the potential risks associated with staking with Lido and what it means for Lido stakers.
What are the potential risks of staking with Lido?
By staking with Lido, you’d be investing your collateral in a protocol that allows users to borrow funds and use those funds to buy Ethereum. While staking your collateral provides a secure layer of protection from risk, there are still potential risks associated with the Lido platform. Below are potential risks you should know if you decide to stake with Lido.
– Deflationary Risk: The major risk is deflationary as the inflation rate for borrowing is significantly lower than for stakers, which could cause Lido users’ tokens to decrease in value over time. Rising gas costs would compound this on Ethereum which may also reduce value over time.
– Counterparty Risk: This ensures that all counterparties involved with entries into and exits from lending contracts remain honest and fulfil their duties per agreed-upon contracts. Since all transactions are done on a smart contract basis, there’s no guarantee these counterparties will honour their end of the agreement since they are anonymous entities.
– Penalty Risk: Each withdrawal event taken by stakers involves an associated penalty paid in ETH directly from them as lenders/borrowers. This penalty payment creates an additional layer of risk; one that should not be ignored when deciding whether or not to participate in the Lido protocol.
– Liquidity Risk: Liquidity can affect staker rewards if there is low liquidity, as more capital is required for borrowers than higher liquidity which enables more customers without increasing prices too much since more capital can sustain itself. Liquidity also determines how fast transactions happen and reduces slippage when executing large transactions through the platform. Finally, low liquidity leads to a less diverse pool of asset lenders offering on the platform.
What measures can stakers take to mitigate risk?
As with any financial decision, stakers must protect their interests when staking in Lido. To reduce the risk of loss from changes in price, unexpected events, and other potential risks associated with staking, there are a few precautionary steps investors can take:
1. Research the project thoroughly – understand exactly what you are getting into when you invest in Lido. Establish expectations ahead of time so that you know what kind of returns to expect and develop an exit strategy should market conditions change.
2. Monitor the token’s price performance – stay up-to-date on market price changes and ensure your position is secure if prices fluctuate dramatically.
3. Consider diversifying your stake portfolio – spreading your risk across various projects is one way to mitigate losses if a single project performs poorly on the market. This reduces the risk of having all eggs in one basket (or one project).
4. Make sure to maintain transparency with partners – only share or transact with reputable platforms and exchanges and never leave funds unattended on a decentralised network as theft could occur without notice due to its decentralised nature.
Ethereum is the second largest cryptocurrency by market capitalization and its blockchain is the foundation of DeFi applications and smart contracts. Therefore, many users and investors are interested in how to benefit from their ETH holdings.
Selling ETH may seem easy to capitalise on its value, but some important considerations need to be addressed.
This article will discuss why selling ETH may not be the best option for Ethereum users and investors. If you’re interested in learning more about Ethereum staking and its potential benefits, you may want to explore an unbiased Bovada casino honest overview.
Overview of Ethereum staking giant Lido
Ethereum staking giant Lido is a protocol that makes it easier to stake Ethereum and earn rewards on the network. It does this by aggregating users, using a bonded system in which users provide collateral in the form of other cryptocurrencies to back up their stakes, and providing an automated liquid staking service. This means that users can deposit their ETH into their Lido account. Then, the protocol will convert it into other crypto assets and put them in an escrow account for safekeeping. This safeguards the user’s ETH so they can still claim the rewards even if their holdings become empty due to being liquidated.
In addition to facilitating secure staking with automated liquidation, Lido provides access to features such as stake-based loans, “gasless” transactions (i.e transactions paid for with staked tokens), gas-free rewards distribution, voting rights on governance decisions affecting the market, etc. The protocol also allows users to view current and past market conditions from its powerful dashboard, giving them a better market overview at any time.
The advantages of Ethereum staking through Lido are clear; however, selling ETH for fiat currency without taking advantage of these features may not be the best option – mainly due to its volatile price movement and potential loss of rewards associated with actively staying involved with Ethereum network usage (which is especially important during chaotic times). Furthermore, withdrawn coins can no longer earn you any extra incentives before they are converted back – making this process more inefficient when compared to earning through active and secure staking operations generated through Lido’s interface.
What is Ethereum staking?
Ethereum staking is locking up ETH (Ether tokens) to receive rewards and help secure the Ethereum blockchain network. When coins are locked in a staking wallet, they are referred to as being “staked”. By validating and committing blocks of transactions on the Ethereum blockchain, stakers receive rewards for their contributions to securing the network. This reward is sometimes called an “inflation reward” because it is generated from new ETH tokens added to circulation each year. These rewards are typically in the form of fees paid by users responsible for processing Ethereum blockchain transactions.
Staking has become an increasingly popular way for cryptocurrencies investors to generate passive income from their holdings without selling them and risk missing out on future price appreciation. Unlike proof-of-work cryptocurrencies such as Bitcoin and Litecoin, Ethereum uses proof-of-stake consensus meaning people can earn rewards just by holding onto their coins rather than expending energy (and money) by powering computers to mine blocks as with Bitcoin or Litecoin. However, it is important to keep in mind that while staking can provide a steady source of passive income, some level of risk and complexity must be considered when making such investments.
Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH
Selling ETH has been a popular choice for Ethereum staking giant Lido, considering it has more than $30M in ETH. Of course, selling ETH can bring some money in the short term, but there may also be some drawbacks.
In this article, we’ll discuss the pros and cons of selling ETH and help you decide if it’s the right move for you.
Advantages of Selling ETH
Selling Ethereum (ETH) offers some financial benefits over holding it, such as the potential to turn a profit, access liquid funds and use the money for other investments. Below, we explore some of the potential advantages associated with selling ETH.
1. Cash Flow: By selling ETH, you can access liquid funds that can be used for other investment opportunities or day-to-day expenses. This is particularly beneficial if you have been holding Ethereum for an extended period and may have excess amounts of coins that are not currently being utilised.
2. Profits: By selling your ETH when it has increased in value since purchase, you could make immediate profits on your investment. Knowing when to sell is essential; however, considering each person’s investment strategies and goals varies greatly based on their needs and risk appetite.
3. Diversification: Selling your ETH allows you to diversify into other asset classes or cryptos that may offer more attractive rewards than holding ETH long-term or only using it for transactions. Knowing how to diversify and allocate assets appropriately to grow one’s overall portfolio value and decrease risk exposure over time.
Disadvantages of Selling ETH
The primary disadvantages of selling Ethereum (ETH) include a volatile market and the uncertain future of blockchain technology. This digital currency has been highly volatile since its inception due to intense speculation. In addition, until government regulations are finalised, the price could remain in flux as buyers and sellers submit competing bids in different locations or countries.
As a digital currency, Ethereum is not managed by any central bank or other financial institution, meaning investors have no protection if something goes wrong with the blockchain technology that supports it. Similarly, Ether has no backing from physical assets like gold or silver, which may make it riskier than other investment options. Investors should also be wary of potential inflation risk if Ethereum becomes widely used as an economy’s main form of value storage because Ethereum’s total supply is limited and cannot be created at will like fiat currency.
In addition to fluctuations in value and the potential for fraud, selling ETH can lead to tax complications that might not arise when investing in more established currencies such as U.S. dollars or pounds sterling. The Internal Revenue Service (IRS) considers virtual currencies such as Ether taxable property and provides specific guidance to taxpayers on how to report their transactions under law; however, depending on one’s jurisdiction and residency status, taxes may vary significantly from place to place and period to period. Ultimately, before deciding whether to sell ETH or invest in any cryptocurrency product in general, investors should consult a financial advisor who understands the new laws related to digital currencies and what legal authorities regulate them around the world:
Pros and Cons of Staking ETH
Investing cryptocurrency can be tricky, especially with Ethereum, the second-largest digital asset by market cap. Investors in Ethereum have a few choices to make when selling or staking their ETH: sell the tokens, stake them, or use a staking service like Lido.
We will discuss the pros and cons of each option so that you can make a well-informed decision on what to do with your ETH.
Advantages of Staking ETH
Staking ETH is becoming an increasingly popular choice among cryptocurrency investors, as it offers benefits that can’t be found in other forms of ETH investments. Staking ETH allows investors to earn more than just the traditional appreciation of their funds.
The most notable advantage of staking is its potential for passive income. When Bitcoins are mined and sold, investors are limited to purely price appreciation as their only source of returns. With staking, on the other hand, investors can also receive rewards in the form of newly minted coins or Ethereum tokens on top of any gains from the increase in token prices.
Another advantage of staking is that you may secure lower transaction fees when transferring and exchanging your coins compared to miners who have to pay higher network fees for profit from mining activities.
Finally, another big benefit is access to a wider variety of potential coins and tokens through different investment opportunities since most exchanges do not offer staked alternatives for investing in digital assets. By staking your ETH in a platform like Coinbase’s Earn feature, for example, you may access tokens not available anywhere else like DAI and LEND which are ERC-20 tokens built on top of Ethereum blockchain technology.
Disadvantages of Staking ETH
Staking ETH can be a great way to earn passive income from Ethereum and other related assets, however it does have some notable drawbacks. For one, with staking the user is taking on additional risk in the event of a market crash or large scale price correction. Furthermore, if the user cannot actively monitor their account and spot any problems, it could result in losses.
In addition to this added risk, staking ETH can incur costs such as transaction fees for withdrawals and commissions paid to the validators when issuing transactions. Another disadvantage of staking is that there can be significant latency before reward payments are received. Stakers may also be unable to access their ETH while in a staked position, which could inhibit liquidity and make urgent purchases more difficult or costly.
Finally, certain vesting schedules may be associated with certain protocols and networks that require users holding certain amounts of ETH for predetermined periods before converting them into other assets. Therefore, before committing funds to any particular protocol and network, it’s important to understand these terms and conditions to avoid any surprises down the line.
Today, Lido, the Ethereum staking platform, announced that it has raised $70 million from Andreessen Horowitz (a16z).
Lido is a protocol layer enabling the automated staking of digital assets on Ethereum – it currently has an estimated 80%+ market share in Ethereum liquid stacking, and the assets staked on Lido are worth $10 billion or more.
This is a major milestone for the Ethereum community, and for Lido – let’s take a closer look at how and why Lido made such a large investment.
Background of Lido
Lido, a startup based in San Francisco, is an enterprise platform company fostering collaboration and workflow between teams. Founded in 2018 by engineers Amir and Sachit Gupta, Lido is the latest provider of tools to help all types of businesses increase productivity.
In October 2020, Lido closed a $70 million round of venture funding, led by venture capital firm Andreessen Horowitz & General Catalyst. This new funding brings the total raised to date by the company to over $120 million. With this latest investment, Lido plans to expand its platform capabilities globally through investments in partnerships and people.
The primary mission of Lido is to improve the way teams work together to drive better business outcomes. The platform helps employees collaborate more effectively by providing real-time updates on project status across functions & departments and reducing time spent searching for data across multiple sources. This leads to increased knowledge sharing among employees and improved decision making for managers across organisations. In addition, Lido provides powerful insights into team performance that let users measure productivity more accurately than traditional methods allow.
Overview of Andreessen Horowitz
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. The firm has offices in Menlo Park, New York City, San Francisco, Palo Alto and Los Angeles and is most well-known for its investments in LinkedIn, Airbnb, and eBay. With an investment portfolio of more than 260 companies, it has become one of the leading venture financial investors in Silicon Valley.
The company focuses on mid- to late-stage investments to help technology companies grow quickly and sustainably. In addition to traditional venture capital funding, a16z provides entrepreneurs access to various resources, including talent acquisition and technology services. It also offers mentorship through its “Founders’ Circle” program which is tailored to guide capital raising strategy, business development strategy, hiring processes, IP protection positioning and M&A negotiations.
Recently a16z led a $70 million Series B round into Lido Markets. This trading platform seeks to address some of the common challenges faced by institutional traders and Wall Street firms looking to improve their trading infrastructure. With its latest funding round from a16z Lido plans to expand its focus on providing institutional traders with high paced algorithmic trading services and enhancing its market data offering.
Investment Details
Lido has an estimated 80%+ market share in Ethereum liquid staking and has just secured $70M from Andreessen Horowitz (a16z), a global venture capital firm.
Currently, the assets staked on Lido are worth around $10 billion and the firm is determined to take the Ethereum network to the next level. The investment is set to enable Lido to create a more efficient, secure and compliant product for users.
Let’s get into the details of this investment.
Investment Amount
On December 4th, 2020, it was announced that Lido had closed a $70 million investment led by Andreessen Horowitz, with participation from Sixth Street Ventures, Brigade Capital and existing investors including Grey Lock. The new funding round brings the company’s total raised to $101 million. It will drive the development of new products, build out international operations and accelerate talent hiring across all levels.
The recently raised funds puts Lido’s valuation in the hundreds of millions, as per a source close to the deal. Lido’s financial health is expected to remain strong as it establishes its presence in retail and institutional markets under the guidance of its new investors.
With this latest funding launch, Lido aims to give customers more access to financing solutions built around their needs. This includes providing better rates of liquidity coupled with more sustainable capital funding solutions for small businesses and individuals.
Valuation
The new financing round for Lido, a software company specialised in creating secure investment processing tools, was led by V.C. firm Andreessen Horowitz with a $70 million investment. With this investment, the company’s latest valuation is estimated to be around $670 million.
The primary focus of Lido’s technology platform is to eliminate manual ‘risk and gaming’ processes to create a secure and highly efficient investing environment enabling traders to manage their investments better and more efficiently than ever. With this increased efficiency level, funds can be redirected into other areas, allowing for further growth within that organisation while maintaining the proper controls and risk tolerances needed to remain compliant with the ever-evolving accounting regulations protocols.
Use of Funds
Lido, a San Francisco-based startup developing an AI-powered workflow automation platform for the Exchanges & Clearing and Non-Bank Financial Services industry, has announced it has raised $70 million in a Series B round of funding led by venture capital firm Andreessen Horowitz.
The new funds will be used to support product and infrastructure investments and accelerate efforts to continue to innovate in workflow automation tools. The additional capital will also be used to expand its customer base, drive adoption of its enterprise services, and support operations to scale effectively. Additionally, the company intends on hiring more expert personnel in key team positions such as data science, engineering, product management, sales and marketing.
In addition to offering its enterprise services through its comprehensive platform designed for the finance industry modernise operations functions such as trading analysis, market access risk management with advanced performance monitoring capabilities.
LIDO, WHICH HAS AN ESTIMATED 80%+ MARKET SHARE IN ETHEREUM LIQUID STACKING, RAISES $70M FROM ANDREESSEN HOROWITZ; ASSETS STAKED ON LIDO ARE WORTH $10B+ (ANITA RAMASWAMY/TECHCRUNCH)
The recent news of Lido raising a $70 million Series A funding round from Andreessen Horowitz has sent shockwaves across the Ethereum community. Lido, which accounts for an estimated 80% market share in Ethereum liquid stacking, now has assets worth more than $10 billion staked on its platform. This investment signals Andreessen Horowitz’s commitment to the Ethereum space and their belief in the longevity of this blockchain network.
Let’s explore the impact this investment could have on the Ethereum landscape.
Market Share
The successful raise of $70 million from Andreessen Horowitz in a recent funding round for Ethereum-based DeFi platform Lido has been one of the major developments propelling the Ethereum network to further gains. As a result of this news, the market share of Ethereum has grown significantly over the past few weeks.
Following this, there have been significant increases in Ethereum transactions and transaction costs on decentralised finance applications over its rival networks such as Tezos and Cardano. This is largely due to the rising popularity of DeFi which has seen an explosion in interest and adoption over recent times. This is mainly attributed to its capabilities such as allowing users to borrow and lend with greater liquidity; allowing users to use their cryptocurrencies as collateral for loans; providing new opportunities for users in yield farming; and expanding trading options via Decentralised exchanges (DEXs).
This surge in activity involving Ethereum has provided it with a much-needed competitive edge, pushing it ahead of other competing blockchain networks. Consequently, these activities suggest that the current market share held by Ethereum could well see further gains in the upcoming months as more investors come onboard its growing suite of services. It also suggests that Etheruem’s growth trajectory could potentially outpace its rivals in terms of market capitalization and daily transaction volume – something which could benefit holders of its native cryptocurrency Ether (ETH).
Assets Staked
An exciting milestone was reached earlier this year when the Ethereum-based Layer-2 scalability platform, Lido, announced it had completed a $70 million Series A raise round led by Andreessen Horowitz. The funding will help Lido scale up their product and accelerate the growth of their protocol.
One of Lido’s innovative features is their use of staking for asset security. By staking assets on Ethereum, users can prove the ownership of their digital tokens without needing to trust any third party institution or account creator. Such a feature is especially important today; it gives users complete control and assurance that their digital holdings are secure from malicious actors, exchanges or theft.
Staking on Ethereum generally requires collateral to be held in escrow by a reliable entity as guarantees or insurance for token holders. Staked assets also help provide liquidity for DeFi protocols, preventing them from being paralyzed by a single malformed transaction – reducing risk and promoting prosperity within the ecosystem.
In exchange for proof of ownership, token holders will receive rewards such as rewards points and other incentives that add further value to your tokens. In contrast, banks provide only traditional savings accounts with low returns on the interest earned which limit long-term investments. As more capital flows into DeFi development funds, staked assets will demonstrate beneficial behaviour encouraging users to look beyond traditional means for financial yield generation.
The surge in injectivity provoked by Lido’s funding round has set off an exciting new wave of innovation within the Ethereum space; not just paving the way for more secure technology but unlocking new possibilities previously unavailable through traditional processes.
Network Security
With the recent capital influx from Andreessen Horowitz, Ethereum’s network security is bolstered as more and more funds are directed into the project’s developers and protocols. This further demonstrates the esteem with which Ethereum is held by venture capitalists and other influential financial stakeholders, providing further evidence of its ongoing success.
The funds raised give developers access to resources to create innovative solutions for scalability, high-performance finance, decentralised governance, and proof-of-stake protocols. As a result, transactional speed is expected to increase significantly due to better product development and enhanced technical infrastructure support. Additionally, improved network security helps protect against malicious attacks while offering users greater privacy and full control of their digital assets.
These new resources also help support the ecosystem by adopting blockchain technology so that users can securely store their credentials on the blockchain while reaping its associated benefits – such as increased efficiency and cost savings – to remain competitive within a rapidly changing market environment. With this new development, Ethereum stands poised to be a leader in improving network security through decentralised application development technologies for years to come.
Future Plans
With the latest funding of $70 million from Andreessen Horowitz, Lido has established itself as one of the top players in the Ethereum liquid staking space, with an estimated 80%+ market share. In addition, this round of funding has opened up many possibilities for Lido, allowing them to develop and innovate further in the space.
Let’s look at some of the plans Lido has for the future.
Expansion
Lido, a startup focused on making enterprise software deployments simpler, has announced the successful completion of a $70 million Series A funding round led by Andreessen Horowitz.
This new investment will accelerate the company’s business and technology development. Lido’s mission is to enable enterprises to quickly and easily build, deploy and operate their applications, removing the complexity of their IT operations.
The funds will enable Lido to build upon its current platform by accelerating product launches and expanding its engineering, sales and marketing teams. This comes in addition to developing its existing partnership portfolio, including companies such as Microsoft Azure, Google Cloud Platform, Amazon Web Services and Azure Active Directory.
With this investment, Lido also looks forward to leveraging its automation and artificial intelligence (AI) capabilities to improve IT operations processes for better efficiency. In addition, the company plans on leveraging data science to create predictive models that can help organisations minimise downtime during deployments so they can focus more on innovation instead of maintenance workflows. This will also ensure better reliability for production systems and improve end-user experience with faster response times for digital applications or services.
New Products
Lido, a biotech startup focused on precision medicine, announced that they have raised $70 million in their latest round of funding from Andreessen Horowitz. This additional investment brings the total investments raised to $90 million. The company plans to use this funding to develop new products and services to make precision medicine more accessible and affordable.
The initial focus of this funding injection will be directed towards advanced diagnostics. This includes expanding existing product lines such as the Lido Pocket Controller which allows patients to take an active role in their care by helping them monitor their health in real-time. Additionally, Lido intends to use these funds to develop artificial intelligence-powered diagnostic tools for patient and physician use.
Additional plans include the development of comprehensive treatments for specific conditions, drug delivery systems for more personalised therapies, and data analysis tools which allow healthcare providers access to insights gleaned from a larger population base – thereby enabling precision medicine at scale.
The team also plans to invest resources into further developing its secure cloud platform. It allows hospitals and providers worldwide to securely store data from which results can be analysed and shared with applicants’ consent, improving quality assurance across different lab testing procedures. In addition, with greater access to contextual information about patients’ histories alongside high quality testing protocols – outcomes should improve significantly moving forward.
Strategic Partnerships
Lido recently secured $70 million in funding from Andreessen Horowitz to help fuel strategic partnerships and propel its growth. The investment aims to build and scale the industry’s leading software suite for autonomous systems.
With this new capital, Lido intends to expand its strategic partnerships with industry-leading businesses in transportation, logistics, manufacturing, life sciences, energy, etc. Partnering with Lido offers customers a comprehensive solution dedicated to driving autonomy and enables them to participate in developing the industry’s future standards. Alongside an agile approach and automated tools like AI-driven vision components, LiDAR perception intelligence or AI sensor fusion algorithms, Lido works closely with partners to design a robust yet cost-effective user experience tailored exactly to their needs.
Lido’s mission is building safe autonomous technologies that change the world. As part of this effort, they are investing heavily in R&D efforts—the success of which will drive greater market penetration across industries and lead to measurable advances in safety standards worldwide. This latest funding helps bring that vision into focus.
When evaluating investments, it is important to consider any potential risks of investing in the company. Lido is a real estate equity platform that provides access to residential and commercial real estate investments in the United States. While it offers numerous potential benefits for investors, such as liquidity and reduced transaction costs, some possible risks are associated with the platform. Understanding these risks can help individuals decide whether investing in Lido is right for them.
The following are some of the major risks investors should be aware of when considering investing with Lido:
– Liquidity Risk: The value of investments held on the Lido platform can fluctuate significantly and quickly resulting in a lack of liquidity options for investors. Additionally, funds may take time to become available after a sale transaction is completed or once requested withdrawals are processed.
– Credit Risk: Investors bear credit risk in terms of being unable to secure repayment for loans or notes issued by borrowers on the platform. This risk varies by investor type and depends upon factors such as the terms of the loan agreement or note investment regulations established by each state or jurisdiction.
– Property Risk: Investors who purchase properties through Lido take on physical property risk from environmental hazards, regulative burdens or other liabilities related to ownership of an underlying asset they purchase through the platform. Additionally, certain regulations may limit renovations which could impact returns on investment into these properties.
– Market Risk: Just like in any other investment, market and macroeconomic conditions can significantly impact returns realised by investors given expectations when they purchased their investments on Lido’s platform.
Overview of Lido
Lido is a new protocol for tokenizing interest payments on loans and can potentially revolutionise the world of lending and cryptocurrency. The protocol is gaining popularity due to its ambition to create a more open and transparent platform for investors. It is also well-positioned to take advantage of the growing DeFi industry.
Look deeper into the risks and opportunities associated with investing in Lido.
What is Lido?
Lido is an international financial marketplace for asset-backed investments. It provides users access to various asset classes, including equities, debt securities, options, and other derivatives. In addition, the platform enables users to invest in accredited companies and participate in innovations such as baskets of securities and syndicated debt offerings.
Lido offers services that enable investors to access different types of asset classes through its network of financial intermediaries. This includes purchasing digital assets such as cryptocurrencies or tokens on supported exchanges. This accessibility exposes users to asset classes they may not have been able to access through traditional banking channels.
Like any other type of investment however, there are pros and cons associated with investing through Lido’s platform. The key benefits include:
Increased liquidity.
Higher yields.
Low minimum investment amounts.
Accessibility to various types of assets.
Quick onboarding process.
Simplified trading experience.
Enhanced transparency and trustworthiness across all transactions made on the platform.
However, as with all investments, there are risks associated with investing via Lido’s platform as well – given its relatively new status in the market – including potential for low trading volume and lack of liquidity compared against better established assets such as equities or bonds; limited investor protection given the reliance on third party providers rather than direct regulation from governing bodies; changes or cuts to fees or services provided without notice due to adjustments made by partnered exchanges or other service providers; potential cyber security risks from any data collected or stored digitally on Lido’s networked system; risks of illiquid investments leading all or some parts of a fund not being able reach expected returns during downturns in the market combined with risk associated with individual issuances available on its platform.
How Lido raises the stakes for crypto and DeFi investors
The Lido protocol is an innovative way to safely unlock the potential of DeFi without using Ethereum. It is designed to support the secure management and interoperability of DeFi assets while providing liquidity in pools and a safe environment for users to interact and operate in. It is a layer-2 scaling solution created by Starkware and Optimism, a global consortium of technical leaders, VCs, and investors striving to develop safer, secured, more scalable DeFi protocols.
Lido relies on two layers: the base layer powered by Ethereum; and an additional secondary layer which helps provide better scalability and performance through state channels (off-chain channels), allowing users to access different products like lending or derivatives with cheaper fees than on-chain transactions. Additionally, the protocol enforces siloed security between the base and secondary layers, minimising attack risk exposure from malicious activities across multiple DApps. Furthermore, each user has independent control over their assets, ensuring Segregation of Assets & Liabilities – if one user experiences losses within one asset pool or product, then another user’s funds are not impacted by this failure.
The primary goal of Lido is to increase efficiency and reduce costs within DeFi by making it easier for users & developers alike. In addition, it helps create worlds within worlds rather than having everything be part of one single ‘world’ to allow people full sovereignty over their digital assets while increasing safety & security at the same time.
What are the benefits of using Lido?
Lido is a FinTech platform that enables users to access various financial services including investments, banking, and insurance. In addition, it offers a range of features and benefits that make managing your finances simpler and more accessible.
One of the main benefits of using Lido is its diversified range of available investments. It offers access to international stock markets, crypto-currencies, and traditional investments such as savings deposits, mutual funds, stocks and bonds. This range of options allows users to tailor their investment portfolio to their risk preferences.
Another useful feature of Lido is its user-friendly mobile app. It allows investors to monitor their portfolios in real-time, set up alerts for when certain market events occur and configure automated investment strategies according to their risk appetite.
Lido also simplifies the process of investing by providing research data from external sources on each asset class, offering users guidance before they commit to an investment decision. Furthermore, it also uses sophisticated algorithms that analyse prices on different exchanges and calculate the average price before executing trades at the best available rate.
Finally, Lido provides a secure platform with advanced encryption technology that guarantees the safety and privacy of user information. This ensures risk minimization for the user’s financial data which contributes greatly towards making the entire experience safe for its customers.
Risks of Investing in Lido
Investing in cryptocurrency and decentralised finance can be an attractive investment opportunity, especially with the rise of Layer 2 solutions like Lido. However, Lido offers higher reward potential, introduces higher risk, and can be quite volatile.
This article will dive into the potential risks of investing in Lido and how it raises the stakes for crypto and DeFi investors.
Volatility Risk
Investing in digital tokens like Lido (also known as cryptocurrencies) involves substantial risks that cannot be avoided by exercising portfolio management or due diligence. The prices of digital tokens can be volatile and unpredictable, rising or falling in value at any time, subject to numerous external factors. This volatility can have a direct impact on the returns that investors may receive from the purchase of any cryptocurrency token. Additionally, offline vectors may have potential risks such as a lack of liquidity or failure to meet regulatory requirements, which could result in losses or a substantial price drop.
Furthermore, investors must know that cryptocurrency is largely unregulated due to its decentralised nature and international scope. It is up to individual investors to take extra caution when investing in cryptocurrencies because different digital tokens are subject to different laws, regulations and enforcement standards differing by jurisdiction. As digital tokens become more mainstream, the regulatory landscape could change substantially over time, impacting not only the value proposition but tax requirements on profits earned from investing in cryptocurrencies such as Lido.
Liquidity Risk
Liquidity risk is the risk that an investor cannot easily sell their Lido holdings when needed to access available cash for other purposes. Again, this concerns products, such as Lido, that are still relatively new and untested by the market.
Suppose many investors were to try and sell their Lido holdings simultaneously. In that case, it could cause a decrease in liquidity and potentially even shock the market as buyers may not be willing or able to purchase all of these assets. The lack of liquidity would likely result in investors being unable to easily access cash and would likely create price volatility within the market—potentially resulting in investor losses.
Regulatory Risk
Regulatory risk is an important consideration for investors looking at Lido as an asset class. While the blockchain technology used by Lido allows for high levels of security and privacy, increasing considerations are being made at the regulatory level about how such assets and systems should be managed. For example, several governments worldwide have moved to create legislation that tightens controls around how tokens can be bought and sold and which organisations have access to the underlying assets.
In addition, many countries have yet to address digital assets on a regulatory basis. This situation may lead to uncertainty surrounding lido investing over the near term, especially in jurisdictions where regulation is unclear or nonexistent. Official laws and regulations being enacted in different countries may block lido users from participating in certain activities. At the same time, governmental organisations may seize or restrict digital asset tokens if they deem them illegal or associated with illicit activities.
Investing in Lido carries high investment risk due to its volatile nature. Fluctuations in market conditions may result in deposits becoming unusable or valueless altogether; potential investors should consider this when deciding whether to invest. Additionally, suppose technical advancements make it easier for new players to enter the market or cause existing services or products to become obsolete. In that case, this could lead to further downward pressure on prices and shifts in momentum away from particular tokens promptly after listing on an exchange.
Counterparty Risk
Counterparty risk is a type of investment risk associated with Lido and other investments that arises from the possibility of another party in a contract or agreement not fulfilling their obligations. It is common when dealing with bonds, futures contracts, options and other investments that involve two or more parties. Lido is subject to counterparty risk as it relies on various parties to regulate and issue tokens on the blockchain network for its continued operation.
This type of investment risk can manifest itself in many ways. For example, if one of the entities responsible for issuing tokens malfunctions or becomes insolvent, this can cause token holders to lose money. Unforeseen market developments can also lead to changes in token values and increase counterparty risk exposure. Additionally, new legislation that could negatively affect existing investments in Lido may be passed without warning.
To reduce counterparty risk, investors should be aware of regulations governing Lido token trading and current financial trends to make informed decisions regarding their investments in the platform. They should also maintain good records of transactions to properly monitor their investments and assess any potential risks they may face. Additionally, investors should always maintain a diversified portfolio to ensure that their funds are not subject to too much exposure from any single source or entity.
Jon Miller, co-founder of Marketo, recently raised $22 million for his new marketing startup, Engagio. Engagio is a platform for B2B marketing, focused on providing a full-stack approach to customer engagement and relationship building.
With this new platform, Engagio aims to revolutionise how marketers engage their audiences and empower them to take their marketing efforts to the next level.
Let’s explore what makes Engagio stand out from the competition.
Overview of Engagio
When it comes to marketing, no one-size-fits-all strategy works for every organisation. That’s why at Engagio, we take a tailored approach. Our philosophy of engaging the right people with personalised messages is based on the principles of relationship marketing. We firmly believe in treating customers and prospects as individuals, so they feel cared for, understood and appreciated when they interact with your brand.
To make this possible, we put our people first – every member of our team brings unique skills and experiences which shape our processes and campaigns. From expert strategists to creative minds, our team has deep knowledge in several industries to ensure we deliver effective campaigns that drive meaningful results.
Engagio utilises cutting-edge technology alongside data-driven insights to create holistic customer profiles and develop custom strategies for you and your customers. Every campaign is planned around data analytics to ensure that the results are precisely what you need from them – from increasing product adoption or driving lead generation and nurturing them until conversion – all done through automation!
Co-founder of Marketo raises $22 million for Engagio
Jon Miller, co-founder of the popular marketing automation company Marketo, recently announced that his new venture Engagio has raised $22 million in Series A funding. This round was spearheaded by Norwest Venture Partners and included Formation 8, Storm Ventures, FundersClub,NextWorld Capital and several other investors. The investment aims to help Engagio build out its intelligent account-based marketing platform to simplify marketing for B2B companies.
Engagio aims to provide a holistic view of ABM (account-based marketing) investments and opportunities across multiple channels. This requires an integration of multiple technologies into one platform that is easy to use and highly accurate in terms of reporting on performance. Engagio seeks to provide an end-to-end solution that bridges the gap between sales and marketing teams’ communication needs. It will aim to provide dashboards that surface actionable intelligence insights quickly across demand gen activities such as webinars, email campaigns and account development initiatives.
Through this investment Engagio can build out its capabilities to reach more accounts with larger data sets and enable users to personalise their campaigns at scale using AI capabilities such as natural language processing (NLP). The goal is for each user’s individual interactions variables with prospects — including emails sent, webinar registrations received, website visits for particular products or solutions — will all work together within this technology stack so marketers can have a full view of their engagement efforts with any given customer base or list size.
Co-founder of Marketo raises $22 million for his new marketing startup, Engagio
Jon Miller, Co-founder of Marketo, recently raised $22 million for his new marketing start up, Engagio. Engagio is looking to become the forefront of marketing technology, by introducing a new and unique approach. Engagio focuses on personalization and customer engagement to build strong relationships and increase loyalty.
In this article, we’ll explore Engagio’s unique approach to marketing and the various strategies they employ to stand out from the competition.
Leveraging AI and machine learning to personalise customer experiences
Engagio leverages advanced Artificial Intelligence (AI) and machine learning technology to personalise customer experiences. By utilising data from email campaigns or website visits, the system can determine each customer’s unique interests, provide better segmentation and targeting of customers, and give insights into what types of content will likely resonate with them for future campaigns.
The Engagio AI model further helps marketers personalise the customer experience by delivering contextualised messaging across multiple channels such as emails, social media platforms, web push notifications, SMS or other digital touch points. Automated message triggers can be set up to inform customers at relevant moments throughout the customer journey such as when they are considering making a purchase decision or leave a page without taking action. This way customers will always receive messages tailored to their specific needs and interests.
Additionally, Engagio’s AI technology can be used for predictive analytics which informs marketers on what user actions might lead to positive outcomes – such as a purchase – in future interactions with each customer. This helps marketers tailor their campaigns promptly to ensure maximum returns on their marketing investments.
AI-powered marketing solutions such as Engagio’s enable companies to build an engaging relationship with their customers through smarter segmentation & personalisation of content delivered at relevant moments throughout the sales cycle; thereby improving customer retention rates and driving long-term success for businesses.
Combining data from multiple sources to create a unified view of the customer
At Engagio, we understand one of the biggest challenges marketers face today is having a unified view of their customer. With multiple channels to communicate with customers, it can be challenging to get a full picture of customer engagement. To combat this challenge, we built our platform combining data from multiple sources into one unified view leveraging our Data Library technology.
Our Data Library technology allows us to source relational and customer data from disparate systems across the enterprise and combine those datasets into a single source with only two clicks. By bringing the various sources together in one place, marketers no longer need to manually pull segmented reports across channels. This saves them time on report analysis and helps them act quickly when needed changes arise in their marketing strategy or tactics.
Better yet, our Data Library takes this task off your plate so you can focus on designing and executing engaging experiences while benefiting from an ever-growing pool of knowledge: customer segmentation information delivered by a variety of sources that let you customise which data points are presented in your reports – such as user behaviours, A/B testing results, and analytics results – all in real time!
With our unique approach to collecting data across all sources, Engagio enables marketers to finally have access to unified customer information that they need to effectively engage their customers and increase loyalty.
Utilising a “people-based” approach to marketing
Utilising a “people-based” approach to marketing is one way that Engagio sets itself apart from other marketing companies. Rather than targeting individuals based on certain categories such as demographics or interests, Engagio uses personas to create meaningful one-on-one relationships with customers. This method helps to better align communication with customer preferences and needs while creating value through engagement.
The use of technology allows the company to identify the right contacts based on their digital actions and interactions across all channels, automatically record those interactions, and reshape their engagement into personalised experiences. This capability provides the data needed to develop a deeper understanding of their customers and make relevant predictions, allowing them to track success throughout the customer journey.
Engagio partners with some of the industry’s top sales and marketing technology providers, giving them access to many types of data including web analytics, CRM systems, intent data, mobile analytics and more — all in one place.Engagio also offers various services beyond message-based services so that marketers can see what content works better for their customer base for complete customization. All these tailor-made services align perfectly with customers’ interests and goals so that they feel appreciated rather than overlooked when communicating with Engagio’s team.
Engagio’s Platform
The engagement-based marketing platform created by Engagio is designed to help businesses deliver personalised and engaging customer experiences. With the help of Engagio’s platform, marketers can easily measure the impact of their campaigns and analyse customer behaviour to identify opportunities for improvement.
Engagio and Marketo co-founder Jon Miller have raised over $22 million to build this platform and help marketers succeed.
Let’s take a closer look at what the platform has to offer.
Engagio’s “Marketing Orchestration Engine”
Engagio’s “Marketing Orchestration Engine” is the cornerstone of Engagio’s platform. The marketing engine allows users to create, execute and optimise campaigns across multiple channels. In addition, it includes various features such as a CRM integration, segmentation, testing and analytics capabilities, website personalization and more.
Engagio’s platform makes it easy to orchestrate conversations with customers at every stage of their journey on the fly, creating personalised experiences that effectively engage prospects and customers. In addition, it provides a “one-stop shop approach” for managing contacts, campaigns, leads and accounts in one central location.
The engine leverages the power of customer intelligence to track customer touchpoints across different channels and leverages advanced analytics such as attribution and optimization models to measure success. This helps marketers determine which tactics most successfully drive conversions or improve loyalty. In addition, Engagio offers automation capabilities that enable marketers to easily create case studies or nurture campaigns with customised content based on user behaviour or preferences.
With Engagio, marketers have access to intuitive dashboards that give insights into customer behaviour enabling them to expand targeting efforts by integrating data from other sources such as sales metrics and customer preferences. Additionally, utilising powerful segmentation tools in-built into the engine allows for further customization of messages which enhances overall campaign efficacy—ultimately helping organisations increase engagement levels with their target audience leaving them equipped for success!
Engagio’s “Engagement Score”
Engagio’s platform uses an algorithm based on the customer’s interactions with your company to create a unique “Engagement Score”. Your customers’ scores can become part of the larger data set in your MarTech stack, allowing you to understand each customer’s behaviour and purchase history, including their engagement with marketing campaigns or channels.
The Engagement Score is a weighted metric, based on various factors, that identifies leads and contacts that require the most attention and effort from your sales staff. This score considers how often a contact interacts with content or emails, how frequently they engage with their customer success manager (CSM), if they stay current on their product usage and more. Leveraging these different engagement signals helps you direct your team’s focus to those leads who best fit within your target market.
By evaluating customer behaviours across all channels, you’ll be more likely to predict potential customers’ willingness to purchase using less expensive methods like email campaigns and inbound calls instead of costly outbound calls or events. This will make your company more efficient in marketing its products or services and result in higher ROI for every dollar spent.
Engagio’s “Engagement Hub”
Engagio’s extensive Engagement Hub is designed to support advanced customer engagement. It provides a comprehensive set of targeted, personalised marketing and communication capabilities across the marketing mix – from acquisition, cross sale and loyalty to product lifecycle management. In addition, it enables marketers to orchestrate customer journeys across marketing channels and devices.
The platform can be used out of the box, with zero setup required. It ensures customer retention is kept high, saving businesses time and money on finding new customers and reducing friction in customer experience. The Engagement Hub’s intuitive dashboard-based design makes it easy to create campaigns, set up rules, and monitor real-time performance analytics.
Engagio’s “Engagement Hub” includes a range of features such as:
Automated segmentation based on previous interactions.
A/B testing.
Single view of customer data.
Advanced campaign analysis & optimization.
Multi-channel campaign execution.
Communication management tools.
Powerful integrations with multiple systems such as CRM or web analytics products.
Agile publishing capabilities for social media & webcasts.
Embedded analytics and interactive dashboards.
All these features combine to give users an unparalleled experience when managing their campaigns and obtaining insights about customer behaviours & preferences.
Benefits of Engagio
Engagio is a marketing startup co-founded by Jon Miller, the former co-founder of Marketo. The startup has recently raised $22 million in funding to help its mission of providing the best in class marketing services.
In particular, Engagio’s approach to marketing is unique, as it is focused on driving customer engagement and improving customer relationships.
In this article, we’ll discuss the benefits of Engagio and its unique marketing approach.
Increased customer engagement
Engaging customers isn’t just about making them feel appreciated and welcome — it’s also about building relationships with them. When customers view your business positively and recognize that you are invested in their success, they are likely to remain loyal and purchase from you again. Engagio’s platform helps promote customer engagement by creating personalised experiences for each customer, giving them a sense of ownership over their relationship with you.
With Engagio, businesses can access customer data that allows them to better understand whom they relate to most and how frequently. This data also helps inform marketers about best strategies when engaging different customer groups. In addition, with optimised messaging based on a better understanding of users, businesses can introduce targeted content that more easily resonates with customers, enabling effective and profitable conversations instead of generic one-size-fits-all approaches with predictable results.
Engagio also provides contact management tools that enable the easy tracking of leads as they move through the sales funnel, enabling timely follow up and follow through on campaigns to create genuine engagement. In addition, real-time segmentation allows marketers to target specific groups with tailored messages and analytical insights gained from automated machine learning algorithms. These help identify high-value channels or audiences where campaigns will have the greatest impact and results.
Improved customer experience
Engagio provides a powerful solution to improve customer engagement throughout the customer lifecycle. The Engagio platform enables marketers to target customers based on their behaviour and user interests with personalised messages, offers and promotions tailored to their needs. This unique approach to marketing helps businesses create lasting relationships with their customers by providing relevant information, helpful advice and valuable incentives to drive sales, increase loyalty and overall satisfaction.
Engagio leverages powerful data analytics to better understand customer preferences and make automated decisions about how best to engage with them to maximise conversion and retention rates. This capability enables marketers to deliver timely communications that are highly relevant, increasing customer engagement levels and driving more business transactions.
At the same time, Engagio’s platform ensures that customers feel heard by keeping all conversations private and secure, allowing customers to give feedback without feeling vulnerable or at risk of being exposed publicly. In addition, Engagio’s ability to send exclusive offers tailored specifically for each customer motivates them to stay engaged while also building brand loyalty.
The Engagio platform is designed with your bottom line in mind — helping your business maintain a consistent quality service while reducing costs associated with manual operations such as print campaigns or third-party advertising agencies. In addition, by leveraging the power of automation and data analytics provided by Engagio, businesses can save time on research while freeing up resources needed for important strategic tasks such as brand building or product development.
Increased ROI
Engagio enables marketers to deliver data-driven, measurable ROI with its unique approach to reaching their prospects and customers. The platform allows marketers to target relevant audiences and measure their marketing efforts based on response, engagement, and conversion rates.
Additionally, the platform provides detailed insights into user behaviour on emails, websites, and landing pages that can help marketers refine their campaigns in real-time. Engagio also offers advanced analytics capabilities such as funnelling data across channels so that businesses can make better-informed decisions as they craft their strategies.
With Engagio’s powerful suite of analytics tools and features, companies can be sure they are maximising their return on investment with each launched campaign.
tags = Co-founder of Marketo, Marketo, raises $22 million, new marketing startup, Engagio, Jon Miller, FirstMark Capital, census salesforce marketo 16m capitallardinoistechcrunch
The Census Bureau has announced the closing of its Series B funding round. The round was led by global investment firm Goldman Sachs and participated in by existing investor Accel. The round raised $60 million on a pre-money valuation of $630 million, valuing the company at a post-money valuation of a little over $690 million. This investment is expected to provide additional resources to help the organisation accelerate its mission and enable more people to access critical parts of their communities, such as transportation networks, education options and quality healthcare.
The Census Bureau provides high-quality regional data on population growth and economic activity to local, state and federal governments to support decision-making in business recruitment, community development, public policy and education planning – serving as one of the nation’s leading sources for geographic data.
This latest funding will be used for further investments in modernising its data collection platforms, upgrading its analytics capabilities and working toward greater accessibility for all users – from novice census takers to data scientists – with an easy-to-use interface that requires no specialised training. This new infusion of capital will also go towards growing hiring across all departments including engineering, product management and customer success teams globally.
Census confirms it has raised a $60M Series B on $630M valuation
The Census Bureau recently confirmed that it has completed a $60 million Series B funding round on a $630 million valuation. This marks a major milestone for the company as it looks to expand its services and market share.
This article will provide an overview of the funding round and its implications for the company. We will also discuss the details behind the funding so you can better understand the overall dynamics of the deal.
Investor Details
The Census Bureau has released the investor details of the funding round. The Series B investors in this round include several well-known firms from the venture capital and growth equity space. Accel, the well-known venture capital firm, was joined by various other investors, such as Index Ventures, New Enterprise Associates (NEA), and Foundry Group. Accel led this funding round with additional support from Dialog Semiconductor and an undisclosed strategic investor.
The $60 million from these investors will be used to grow the various initiatives built on the platform – such as new products, acquisitions and other strategic partnerships. In addition, this investment is helping to fuel expanded customer adoption and increased capabilities discovered through research backed up by user feedback.
These investments will help position Census Bureau to continue driving innovation within its industry and become a national and international leader in its category.
Investment Amount
The Series B round was led by venture capital firm Accel and included investors such as Emergence Capital and Thrive Capital, as well as previous investors Andreessen Horowitz and Founders Fund. The total amount of money raised was $60 million, the company’s valuation being cited at $630 million.
In addition to this investment from venture firms, current investors such as Google Capital participated in the round. This brings the total amount of funds raised by the Census Bureau to date from notable investors including Index Ventures, Bessemer Venture Partners, and Harrison Metal to near $120 million.
The funds will be used for continued product development, hiring new employees in technology and operations departments, building out infrastructure towards capacity scaling needs, and increased investment efforts in data intelligence capabilities across consumer products and its enterprise business model. In an internal press release celebrating the news of the newly raised funding round , Census Bureau CEO Lee O’Neil said that “We’re extremely excited to have received this vote of confidence from our existing partners —we’ve grown rapidly since our launch in 2018 and look forward to using this round of funding towards further expanding our offerings”.
Valuation
The Census Bureau’s $60 million Series B funding round has substantially increased the company’s valuation. According to details provided by the company, this financing round was raised at a valuation of $630 million.
This raised valuation reflects the Bureau’s impressive growth over the past year, marked by an increase in both its customer base and revenue. The raised funds will be used to expand their product offering and team further. In addition, other investments have been made to enhance customer service, analytics and merchant integrations while leveraging their proprietary share-protecting technology.
Throughout this round, all series A investors participated. Several other new investors including Accel Partners, Intel Capital, Sutter Hill Ventures and True Ventures have also provided financing during this raise. In essence, Census Bureau has proved able to offer a previously unavailable product in the market and is quickly becoming an industry mainstay. Moving forward, these funds will certainly serve to fuel continued growth for years to come for them.
Impact of the Funding Round
The Census Bureau’s recent funding round is significant news and has significant implications for the data industry. The funding round is expected to elevate the Bureau’s technology and data capabilities, which could help to create more accessible, reliable, and valuable data products.
Furthermore, the $630 million valuation speaks to the potential of the data industry and the Bureau’s position in it.
Let’s dive into the other impacts of the funding round.
Expansion of Services
The Census Bureau’s additional funding is expected to immensely impact the agency’s ability to expand its services and offerings. With this fresh capital, the Census Bureau can now invest in technology solutions that can help it improve its data collection operations’ accuracy, speed, and scale.
This new funding can also be utilised to develop insights into population changes and emerging trends and new tools for businesses to access valuable market intelligence through the agency’s data. The financing round should also provide greater means for expanding the agency’s outreach within local communities and exploring untapped markets.
Therefore, this new capital is expected to enable the Census Bureau to shape a brighter future by deepening their commitment to providing high-quality population data in a cost effective way.
Improved Data Quality
The new funding round announcement by the Census Bureau signals its commitment to investing in data quality enhancements and expanding its scope of coverage. This improved accuracy and range of information can lead to more informed decisions by local communities, businesses, governments, and nonprofit organisations.
The additional funding will result in continued refinement of the census methodology and resources invested in field data gathering. It will also allow the organisation to develop new questions that cover previously non-existent areas such as migration patterns, socio-economics, further breaking down responses into granular levels allowing for more accurate representation of minority populations. Overall data reliability is expected to improve significantly as a result.
This improved data can be used to measure the impact public policies have had on populations that have been historically underrepresented depending on their economic status or demographics. Furthermore it could aid in setting up interventions such as education programs aimed at key demographics ensuring greater equity when it comes to access to resources or healthcare throughout various regions across the US.
Increased Accessibility
The significant round of capital raised by the US Census Bureau will allow for increased accessibility in terms of data collection, resulting in a more comprehensive research platform. This can be broken down into two main benefits:
1. The new funds will enable the Census Bureau to acquire additional resources and technologies to better measure, capture and store data. This would include enhanced digital infrastructure, such as improved cloud storage capabilities, more sophisticated analytics software and improved survey technology that can quickly generate more precise data sets from respondents.
2. Increased accessibility to market research surveys will allow the public to provide feedback in an even more precise manner, which provides the census bureau with valuable insight into consumer behaviour and attitudes towards issues like healthcare, education and poverty. Additionally, a wider roll-out of mobile datasets would make it easier for people to access survey results on their phones or tablets to obtain greater accuracy in the response rates given by citizens.
Overall, this funding round will benefit both citizen stakeholders and the US Census Bureau by providing valuable insight gained through increased accessibility of data collection methods.
tags = Census, $60M, startup building a data layer, CEO Boris Jabes, Salesforce, Marketo and Zendesk, census salesforce marketo 16m series capitallardinoistechcrunch, census salesforce marketo capitallardinoistechcrunch, Amazon Redshift, Snowflake, Databricks
Inventory management is an essential aspect of running an HVAC business. Efficient inventory management can help companies optimize their operations, reduce costs, improve customer satisfaction, and provide several tools and features to help them manage their inventory effectively. The article will explore ways HVAC software can enhance efficient inventory management.
Realtime Inventory Tracking
Real-time inventory tracking is a crucial feature of HVAC Software that provides businesses with up-to-date information on inventory levels. This feature enables companies to monitor their inventory levels in real time, reducing the risk of stockouts or overstocking. With real-time inventory tracking, businesses can quickly identify when inventory levels are running low and need replenishment.
That helps ensure that inventory is always available when needed, reducing downtime and improving customer satisfaction. By providing accurate and timely information on inventory levels, HVAC management software with real-time inventory tracking can help businesses make informed decisions and optimize their inventory management processes.
It Helps Streamline the Order Fulfilment Process
HVAC management software can streamline order fulfillment by automating orders, inventory management, and shipping tasks. That automation reduces the time and effort required to fulfill orders, enabling businesses to process orders more quickly and efficiently.
Additionally, HVAC management software can provide real-time inventory tracking and accurate inventory forecasting, ensuring that companies always have the right stock to fulfill orders. By streamlining the order fulfillment process, HVAC businesses can improve customer satisfaction, reduce errors, and optimize operations.
Centralized Inventory Management
Centralized inventory management is a feature of HVAC software that enables businesses to manage their inventory levels across multiple locations from a single system. The feature gives businesses a centralized view of their inventory, reducing the risk of overstocking or understocking and ensuring consistency in inventory levels.
By providing real-time information on inventory levels across all locations, HVAC management software with centralized inventory management can help businesses make informed decisions about inventory ordering and replenishment. The feature can also help enterprises improve transparency and reduce inventory carrying costs by optimizing inventory levels across all locations.
Automated Barcode Inventory System
An automated barcode inventory system is a feature of HVAC management software that enables businesses to track inventory levels and movement using barcode scanning technology. This feature automates the inventory tracking process, reducing the risk of human error and improving inventory accuracy.
By scanning barcodes on incoming and outgoing inventory, businesses can update inventory levels in real time, enabling them to quickly identify when inventory levels are running low and need replenishing.
An automated barcode inventory system can also reduce the time and effort required to manage inventory manually, enabling businesses to focus on other critical aspects of their operations.
Reduced Inventory Expenses
HVAC software can help reduce inventory expenses by providing businesses with real-time inventory tracking and accurate inventory forecasting. By monitoring inventory levels in real time, companies can avoid overstocking and minimize inventory carrying costs. Additionally, HVAC management software can help businesses optimize their inventory ordering and replenishment processes, ensuring they always have the right stock and quantities.
By reducing inventory expenses, companies can increase profitability and allocate resources to other areas of their operations. HVAC management software with inventory management features can help businesses achieve these benefits by streamlining their inventory management processes and providing real-time visibility into inventory levels.
Conclusion
HVAC software can give businesses several tools and features to enhance efficient inventory management. By leveraging these crucial inventory-related features, HVAC businesses can improve inventory accuracy, reduce stockouts, avoid overstocking, and streamline inventory management processes. HVAC management software can also help companies to reduce inventory expenses and increase profitability. Thus, investing in HVAC management software with inventory management features can be productive for businesses looking to optimize their operations and improve their bottom line.
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