Australian sustainable manufacturing technology company Xefco has raised $10.5 million in its seed extension funding round to support the scaling of its plug in to play model, which is claimed to be able to reduce textile emissions and ensure a credible greener supply chain in the fashion industry.
Retailers looking to capitalise on the Internet of Things (IoT) will spend an estimated $2.5 billion on hardware and installation costs over the next five years, according to newly published research.
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