Elementum is a mobile supply chain software company that has raised $44 million in Series B funding. Lightspeed Venture Partners and Flextronics were the investors in this round. Elementum is a cloud-based service that offers analytics related to shipping, costs, and other real-time data. Elementum has raised over $60 million in funding thus far.
Flextronics International Ltd. (NASDAQ:FLEX) is going to hire 1,700 workers in Austin, Texas to build a “next generation computer.” Flextronics did not reveal what the computer is, but we can assume that it will be the redesigned Mac Pro.
Flextronics has announced that they have acquired Saturn Electronics & Engineering Inc., a supplier of manufacturing services, solenoids, and wiring for the auto, appliance, consumer, and energy markets. Based in Rochester Hills, Michigan, Saturn Electronics & Engineering reported over $300 million in annual revenue.