Welcome back from the weekend. Here’s what you need to know.

1. Drone delivery startup Flirtey raised $16 million

What has Flirtey done? Last year, Flirtey generated a buzz in food and retail when its unmanned aerial vehicles began delivering Slurpees from 7/11 to thirsty denizens of Nevada. The startup has also flown pizzas to Dominos customers in New Zealand.

Who did they raise money from? VC’s are bullish on drone related tech and services, 95 drone tech companies raised equity funding rounds of at least $500,000 in 2016.

Flirtey’s Series A round was led by the company’s seed investors, Menlo Ventures and Qualcomm Ventures.

What will the funding be used for? Run more deliveries for its existing clients, and to get in front of new potential customers in retail in the US, New Zealand and later, in Japan.

Read the rest of the story here.


2. Malaysia’s RHL Ventures invests in Beyonce backed Sidestep

Malaysia-based venture capital firm RHL Ventures has invested an undisclosed amount in US-based technology startup Sidestep Technologies Inc along with other A list co-investors in Hollywood.

What is Sidestep? Sidestep is a mobile commerce application with the slogan “Skip the Line” and creates a platform that allows their users to skip long queues during live music events when buying merchandise and other exclusive items.

What is RHL aiming to do now? Expand their investments further into Southeast Asia, meaning that Sidestep is their first foray into the west.

Read the rest of the story here.


3. Recommended Reading: Retailers turn to Silicon Valley to attract customers

What’s the secret? Personalization “is the Holy Grail,” says Salesforce Commerce Cloud Chief Executive Jeff Barnett, who works with brands such as L’Oreal and Under Armour.

Amazon: Deep-pocketed Amazon has been investing in technologies like these for years, aiming to make it easy to find items and click buy. Tech providers are filling that gap for other traditional retailers that don’t necessarily have the means to do the same.

Nordstorm: The retailer is now piloting in-store beacon technology that will direct shoppers to express checkout lines or alert them when a fitting room opens up via an app on their phone with Bluetooth turned on.

 Read the rest of the story here.

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