Swarm Engineering, Inc., an Irvine, Calif.-based provider of a cognitive software for the food supply chain, raised $2.7m in seed funding.
The round was led by S2G Ventures, with participation from Serra Ventures via their new AgTech fund, Harvard Business School Alumni, Wells Street Capital, VTC Seed Fund, and Rinvest, and angel investor and former CEO of Bunge, Soren Schroder.
The company intends to use the capital for continued technological innovation and team growth.
Led by Anthony Howcroft, CEO and founder, Swarm Engineering is a Software-as-a-Service (SaaS) platform specifically for the food supply chain, solving complex problems such as supply & demand forecasting, optimizing inbound and outbound logistics, or maximizing yield in controlled environment agriculture.
The ‘no-code’ solution enables end users to define their problem, and Swarm matches their definition with a curated library of algorithms (which can be added to by customers or 3rd parties) to rapidly deliver a solution via the cloud.