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next.tech

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Founded Year

2014

Stage

Acquired | Acquired

About Next Tech

Next Tech provides a platform for tech education that includes a browser-based IDE, automated assessment, and seamless website integrations.On January 12th, 2021, Next Tech was acquired by Pluralsight. The terms of the transaction were not disclosed.

Next Tech Headquarter Location

201 4th St #205

Oakland, California, 94607,

United States

Latest Next Tech News

Could Walmart Become The Next Tech Giant?

Jul 30, 2021

{{following ? "Following" : "Follow"}} Advertiser Disclosure The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. The content that follows is for informational purposes only and not intended to be investing advice. July 30, 2021 1:23pm  693  Comments Share: Plenty of large brands have hopped on the e-commerce bandwagon, building out their own proprietary technologies to further monetize their products. But why stop there — why not monetize e-commerce itself? That's precisely what Walmart  (NYSE: WMT ) is doing. The world's largest retailer announced Wednesday that it will now begin offering subscriptions to its proprietary e-commerce "technologies and capabilities" to small and midsized businesses, teaming with Adobe (NASDAQ: ADBE ) to integrate its Marketplace, pickup technologies and online and in-store fulfillment into the software giant's Adobe Commerce platform. "We've built new capabilities to serve the evolving needs of our own customers, and we have a unique opportunity to use our experience to help other businesses do the same," said John Furner, CEO of Walmart U.S. "Commercializing our technologies and capabilities helps us sustainably reinvest back into our customer value proposition." Walmart: Software Goliath? Does this mean Walmart is a software giant now? Maybe not, but it joins Amazon (NASDAQ: AMZN ) as one of the only major retailers to sell its e-commerce tech to other businesses. In 2006, Amazon Web Services began providing cloud computing services to other brands. Over the next 15 years, the company has developed a stranglehold on the cloud computing market, its 41% share more than doubling the nearest competitor, Microsoft (NASDAQ: MSFT ), as of 2020. And there's no slowdown in sight – AWS did nearly $15 billion in sales in Q2 2021, up 37% from the same period last year. But these days every company is a tech company , and Walmart is no exception as it enters the e-commerce space to try to get a piece of Amazon's pie. With the new partnership, businesses using Adobe Commerce will be able to list items through Walmart's Marketplace, leverage its two-day fulfillment network and access in-store software to help them manage inventory at their physical locations. "The core mission of helping people save money and live better is at the heart of every idea, including Scan & Go and checkout technologies, AI-powered smart substitutions, and pickup and delivery," said Suresh Kumar, Walmart's chief technology officer and chief development officer. "Combining Adobe's strength in powering commerce experiences with our unmatched omni-customer expertise, we can accelerate other companies' digital transformations." Joining The Digital Revolution The move comes as Walmart continues a digital transformation of its own. Over the years, Walmart has unveiled, among other things, a cloud-powered checkout system , mobile check-in technology, app-based checkout, and an artificial intelligence-powered substitution tool that replaces sold-out products with comparable items. The company has seen massive success with its e-commerce business in recent years. In Q1 of 2021, Walmart reported e-commerce gains of 37%, 47% and 49% from its U.S., Sam's Club, and international segments, respectively, and in its U.S. arm, e-commerce sales have more than doubled over the past two years. Now, after dominating e-commerce sales, Walmart is on the precipice of another burgeoning market through sales of its e-commerce technology. Per a 2020 report , the global e-commerce technology market is projected to grow at a compound annual growth rate of 12% between 2020 and 2024, adding over $5 billion in value during that period. Related:

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Research containing Next Tech

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Next Tech in 1 CB Insights research brief, most recently on Sep 25, 2020.

Expert Collections containing Next Tech

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Next Tech is included in 1 Expert Collection, including Education Technology (Edtech).

E

Education Technology (Edtech)

2,269 items

Next Tech Patents

Next Tech has filed 1 patent.

The 3 most popular patent topics include:

  • Corrective lenses
  • Eyewear
  • Eyewear brands
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/12/2017

9/15/2020

Eyewear brands, Eyewear, Ophthalmology, Corrective lenses, Sunglasses

Grant

Application Date

2/12/2017

Grant Date

9/15/2020

Title

Related Topics

Eyewear brands, Eyewear, Ophthalmology, Corrective lenses, Sunglasses

Status

Grant

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