Inxeption Corporation, the pioneer of blockchain-for-business, today announced that UPS Strategic Enterprise Fund, the private equity strategic investment arm of UPS, has made an equity investment in the company. The investment will be used to create innovative new e-commerce solutions for B2B sellers and buyers.
“This partnership represents the future of commerce,” says Farzad Dibachi, CEO and co-founder of Inxeption. “Business customers need secure platforms that protect their customer data and proprietary information, while making it easy for them to interact and even collaborate more effectively with their customers. We are thrilled to partner with UPS, the largest logistics provider in the world.”
Inxeption has designed the first blockchain-based e-commerce platform for B2B that catalogs and digitizes product information. The robust technology integrates product design, manufacturing and supply chain to help merchants grow their top line revenue and sell products online, either for the first time or in a scalable, smarter way. Shipping solutions are a particularly important factor in B2B e-commerce. UPS and Inxeption will work together to develop and bring to market new solutions in this area.
The platform also features real-time analytics so customers can monitor online sales and receive real-time order status and security notifications. Inxeption plans to launch additional solutions to meet the needs of specific market segments.
“Inxeption’s technology is attractive to UPS because it helps unlock new efficiencies for customers using B2B e-commerce platforms,” says Kevin Warren, chief marketing officer of UPS. “UPS creates alliances and partnerships to gain market knowledge and position the company as the shipper of choice in e-commerce.”
Inxeption was founded in 2017 by Dibachi, Mark Moore and Terry Garnett. Before Inxeption, they served in technical and marketing management roles at Oracle before co-founding another tech company, Niku Corporation.