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Carpool Logistics Secures $12M Series A from Wavecrest and CarMax to Scale Vehicle Shipping Platform

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New capital will accelerate technology development, scale operations, and strengthen customer partnerships.

ATLANTA, March 12, 2025 /PRNewswire/ — Carpool Logistics, the leading vehicle logistics platform, announced that it has raised $12 million in Series A growth capital led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly and Michael Quigley, as well as automotive industry veteran David Metter. The new funding will be strategically deployed to accelerate Carpool’s growth across multiple fronts: enhancing the technology platform, expanding product development, optimizing logistics capabilities, and scaling sales and marketing efforts to drive customer acquisition and market expansion.

“We do more than just ship cars; everything we do is focused on improving the customer experience and making shipping a competitive advantage for our clients. Our platform bundles multiple vehicles into one shipment to reduce turnaround times and costs, while our white-glove approach – with real-time tracking and robust security measures – mitigates risks like damage claims and fraud,” said Mike Malakhov, Founder and CEO of Carpool Logistics. “The funding from Wavecrest and CarMax allows us to scale more effectively, strengthen our team, and enhance our technology. By serving as a trusted partner to our customers and seamlessly integrating the Carpool platform with their workflows, we help our clients stay ahead in an increasingly competitive market.”

Founded in 2021, Carpool Logistics has become one of the fastest growing vehicle shipping platforms. By leveraging advanced technology, the company optimizes vehicle shipping, resulting in cost savings and reduced environmental impact. Since its inception, Carpool has expanded its customer base to over 1,800 clients, including auto auctions, dealerships, manufacturers, and fleets, and has shipped more than 150,000 vehicles. Previously, the company raised a $3.5 million seed round from Atlanta Ventures and Overline Ventures in 2022.

“The vehicle logistics industry is rapidly evolving, and Carpool is at the forefront of this transformation,” said Deepak Sindwani, Managing Partner at Wavecrest Growth Partners. “Our firm and extended team have a long history investing in the automotive industry, and Carpool’s purpose-built technology platform and marketplace and uniquely experienced leadership team are clearly differentiated. We believe Carpool is well-positioned to become the category leader, and we are excited to partner with them to accelerate their next phase of growth.”

“We’re proud to partner with Wavecrest and CarMax to accelerate our growth and further invest in our team and technology. Wavecrest’s experience in scaling technology-driven businesses will help us optimize operations and expand our market reach, while CarMax’s deep industry expertise and expansive network provide invaluable insights into large-scale vehicle distribution. With their support, we’re well positioned to digitize vehicle logistics and drive greater efficiency for our customers,” said Malakhov.

ABOUT CARPOOL LOGISTICS

Carpool Logistics, based in Atlanta, Georgia, is a vehicle shipping marketplace fueled by their cutting-edge technology platform. By seamlessly connecting auto haulers with shippers – including auto auctions, dealerships, manufacturers, and fleets – the company streamlines logistics, lowers costs, and reduces emissions. A member of the Atlanta Tech Village and graduate of the Georgia Tech Advanced Technology Development Center (ATDC), Carpool Logistics has earned recognition as a leading innovator in the Southeast, being named Atlanta’s Best B2B Startup and a 2024 Top 40 Innovative Company in Georgia. Learn more at carpoollogistics.com.

ABOUT WAVECREST GROWTH PARTNERS

Wavecrest Growth Partners is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies based in both North America and Western Europe. Wavecrest targets investments in high-growth companies with proven products and business models and brings to bear a differentiated combination of investing and operating experience and networks to help accelerate growth and profitability. Wavecrest’s team has over five decades of collective investing and operating experience in growth-stage B2B technology companies, including numerous successful outcomes. For more information, visit wavecrestgrowth.com.

ABOUT CARMAX

CarMax, the nation’s largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year that ended February 29, 2024, CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables during fiscal 2024, adding to its more than $17 billion portfolio. CarMax has over 245 store locations, nearly 30,000 associates, and is proud to have been recognized for 20 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to making a positive impact on people, communities and the environment. Learn more in the 2024 Responsibility Report. For more information, visit www.carmax.com.

CONTACT

Austin Bryan
austin.bryan@carpoollogistics.com

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SOURCE Carpool Logistics

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Xinhua Silk Road: Going global-themed event for firms in Yellow River basin held in Jinan, E China

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BEIJING, Oct. 28, 2026 /PRNewswire/ — A conference on enterprises going global in the Yellow River basin was held in Jinan City, capital of east China’s Shandong Province, on Tuesday.

The conference aimed to implement the Belt and Road Initiative (BRI) through high-quality cooperation and promote resource matching for enterprises in the Yellow River basin.

During the conference, the Department of Commerce of Shandong Province released three major outcomes, including a list of cooperation demand of enterprises in such fields as foreign labor service, outward investment, and construction machinery, a catalogue of services for enterprises going global, and investment cooperation reports on Indonesia, Thailand, Uzbekistan and Hungary.

The conference also saw the launch ceremony for the official operation of the Shandong Global Business Service Hub and the unveiling ceremony for the Yellow River Basin Enterprise Maritime Service Window.

It is reported that during its trial operation, the Shandong Global Business Service Hub has already served more than 700 enterprises from Shandong and other regions. The Yellow River Basin Enterprise Maritime Service Window has been set up in Jinan, Qingdao and Yantai, providing targeted shipping services for customers in the green petrochemical industry and others.

In the experience-sharing session, Pan Haiping, chairman of China Economic Information Service (CEIS), and Shu Hai, vice president of Haier Group, delivered keynote speeches. They shared their practices in supporting high-quality overseas business expansion and promoting global brand building.

During the signing ceremony, enterprises from the Yellow River basin inked 17 cooperation agreements with professional overseas service providers, covering foreign-related legal services, financial leasing, overseas engineering projects, industrial investment and global business collaboration.

Participants noted that Chinese enterprises’ outbound investment has kept expanding, driving robust market demand for high-quality, professional global business services. Shandong boasts strong opening-up momentum and has consistently pioneered integrated development of trade and investment. The Shandong Global Business Service Hub has laid a solid service foundation for enterprises to pursue high-quality global expansion.

The conference was hosted by the Department of Commerce of Shandong Province and co-organized by CEIS and the China Council for International Investment Promotion (CCIIP).

Original link: https://en.imsilkroad.com/p/352704.html

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Mattermost and Cohere Deliver Sovereign Human-Machine Teaming to On-Premises, Air-Gapped, and Classified Environments

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The combined stack pairs Mattermost’s sovereign operations platform with advanced Cohere models through Cohere North, enabling teams in national security and critical infrastructure to run powerful agents inside the mission systems they already use. Operators can fuse intelligence, accelerate planning, defend against agentic cyber threats, and coordinate with allies — all with human‑in‑the‑loop oversight, full auditability, and data‑centric Zero Trust security.

TORONTO, Oct. 28, 2026 /PRNewswire-PRWeb/ — Mattermost agents, powered by advanced Cohere models through Cohere North, bring multi-user, multi-agent sovereign platforms to national security and critical infrastructure operations, delivered as a combined stack under customer control and fielded by forward-deployed engineers who turn sovereign AI into mission results.

Mattermost, the sovereign human-machine teaming platform trusted by national security and critical infrastructure enterprises worldwide, and Cohere, the world’s leading sovereign AI company delivering mission-grade language models and agentic solutions for the most demanding regulated industries, today announced a strategic partnership to jointly serve national security and critical infrastructure organizations needing AI-powered operations with zero compromise on sovereignty.

In practice, this means commanders and operators can deploy Mattermost agents powered by advanced Cohere models inside the command-and-control, intelligence, and mission workflows they already run on Mattermost: fusing streams of reporting into decision-ready assessments, accelerating planning and execution cycles from headquarters to the tactical edge, and coordinating action with trusted partner nations. Critical infrastructure enterprises in financial services, energy, manufacturing, and technology can do the same, with teams of people and agents defending against agentic cyber attacks and building, securing, and deploying digital systems faster, while keeping regulated data and critical IP on infrastructure they own. Every agent action stays under human authority and on the record, and data stays under the operator’s control.

“Operators need more than single-player AI,” said Jason Blais, VP Product and NATO Alliances, Mattermost. “They need multi-user, multi-agent environments where people and agents work as one, connected to the critical real-time information essential for effective, timely decisions, without a single byte of data leaving their control. Bringing Cohere into the environments where Mattermost customers operate gives defence and critical infrastructure organizations exactly what they need to stay ahead of adversaries with rapidly escalating capabilities.”

Built for Vital Defence and Critical Infrastructure Operations

Mattermost agents connected to Cohere North work alongside people in Mattermost’s channels, workflows, and mission-critical applications, entirely inside infrastructure the customer controls. Together they serve the isolated environments behind the world’s most vital services, from defence networks to energy grids, where operations must withstand outages, multi-tenant disruptions, and geopolitical instability, and data stays in the customer’s jurisdiction, reducing dependence on external decisions. Cohere North is built for private deployment on-premises, in private clouds, or fully air-gapped.

“Mission-critical organizations shouldn’t have to send their most sensitive data to a public cloud just to get frontier AI performance,” said Michael McMillan, VP of Global Partner Ecosystem, Cohere. “Pairing Cohere North – our advanced AI models and SOTA agentic platform – with Mattermost’s sovereign operations platform means our most regulated customers get best-in-class AI without leaving their own infrastructure.”

What Operators and Agents Can Do Together

The Mattermost and Cohere solution allows for human-in-the-loop oversight and full auditability. Zero Trust and ABAC (attribute-based access control) policies govern messages, files, agents, and workflows, and specialist data-centric security partners extend those protections to help organizations address national and jurisdictional requirements. Manual and automated data sharing is governed by policy and integrates with cross-domain solutions, and the full stack runs anywhere it’s needed, from on-premises and air-gapped networks to private clouds and classified environments. These foundational capabilities let organizations:

Defend against escalating agentic cyber attacks by connecting proprietary SIEM and SOAR platforms into automated incident response that augments human analysts and reduces fatigue, without exposing sensitive data to third-party AI or infrastructure.Build, secure, and deploy digital systems faster and more reliably through DevSecOps workflows where engineers and agents work side by side, connected to custom tooling, while keeping source code and critical IP entirely in-house.Gain decision advantage with human-machine teaming by fusing multi-source intelligence reporting into draft assessments that analysts review and approve, inside the channels and workflows where they already work.Speed sensor-to-effector workflows with AI automation that stays sovereign end to end, keeping humans in command and every decision on the record.Coordinate coalition operations faster and more effectively, with policy-based sharing controls that help each partner see only the information it is authorized to receive.Supplement existing Microsoft Teams and Azure AI Foundry investments with the right mix of cloud and on-premises: Mattermost embeds in Teams through the Microsoft Marketplace, including in GCC High, so sensitive operations run fully on-premises or in private networks within the same Teams experience.

These capabilities come to market in Mattermost v12, shipping October 16, 2026.

Forward-Deployed Engineers Turn Sovereign AI Into Mission Results

Advanced AI models and a sovereign human-machine teaming platform are now available together. Unlocking their full potential takes hands-on AI expertise inside these environments. Mattermost’s forward-deployed engineers are ready to deploy Cohere-based sovereign AI solutions for existing and new Mattermost customers, working alongside operators to drive transformation. The team draws on domestic nationals in the Five Eyes and NATO countries it serves, working within each nation’s security requirements to bring that expertise directly to where missions and critical operations run.

Learn more at mattermost.com/cohere and cohere.com/mattermost, or contact your account team directly.

About Mattermost, Inc.

Mattermost is the leading sovereign human-machine teaming platform for national security and critical infrastructure enterprises. We put mission-critical work in motion with secure collaboration and workflow built for complex environments. Trusted by governments, allied militaries, and enterprises around the world, our platform runs on-premises, air-gapped, and in private clouds, delivering human-machine teaming across secure messaging, file sharing, systems integration, workflow automation, audio/screenshare, and project management with complete data and operational control. For more information, visit mattermost.com.

About Cohere

Cohere, founded in 2019, is the world’s leading sovereign AI company building foundation models and end-to-end AI products to solve real-world business problems. We partner with organizations to deliver seamless integration, deep customization, and user-friendly solutions. Our all-in-one platform provides maximum security, privacy, and deployment flexibility across clouds, private on-premises environments, and even fully air-gapped settings. Headquartered globally in Toronto, San Francisco, and Germany, Cohere operates additional offices in London, New York, Montreal, Paris, and Seoul, serving customers worldwide.

The company has raised ~$1.6BUSD from strategic tech investors (Nvidia, AMD Ventures, Salesforce Ventures, Oracle, Cisco), institutional investors (Radical Ventures, Inovia Capital, PSP Investments, HOOPP, BDC, Nexxus), and AI pioneers including Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, and Raquel Urtasun. For more information, visit cohere.com.

Media Contacts
Mattermost: media@mattermost.com
Cohere: press@cohere.com

Media Contact

Rosa Lear, Mattermost, 1 4087574362, media@mattermost.com, https://mattermost.com/

View original content to download multimedia:https://www.prweb.com/releases/mattermost-and-cohere-deliver-sovereign-human-machine-teaming-to-on-premises-air-gapped-and-classified-environments-302921779.html

SOURCE Mattermost

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Weibo Corporation to Report Third Quarter 2026 Financial Results on November 17, 2026

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BEIJING, Oct. 28, 2026 /PRNewswire/ — Weibo Corporation (NASDAQ: WB and HKEX: 9898), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the third quarter 2026 before the U.S. market opens on Tuesday, November 17, 2026. Following the announcement, Weibo’s management team will host a conference call from 6 AM – 7 AM Eastern Time on November 17, 2026 (or 7 PM – 8 PM Hong Kong Time on November 17, 2026) to present an overview of the Company’s financial performance and business operations.

Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the confirmation email upon registering.

Participants Registration Link: https://register-conf.media-server.com/register/BI816d8d5799814de5b22b07a130b7eb28

Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com.

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. Weibo generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. We are continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Contact:
Investor Relations
Weibo Corporation
Email: ir@staff.weibo.com

View original content:https://www.prnewswire.com/news-releases/weibo-corporation-to-report-third-quarter-2026-financial-results-on-november-17-2026-302921880.html

SOURCE Weibo Corporation

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