Solvo.ai, a London, UK-based startup that helps logistics companies adapt to a rapidly changing world via recommendations powered by machine learning, raised $4m in seed funding.
The round was led by Speedinvest and Frontline Ventures.
The company intends to use the funds to scale the commercialization of its first product and to ramp up sales and business development.
Co-founded by Gaurav Bajaj and Dongho Kim, Solvo.ai provides A.I. technology to optimize logistics. Its first product is an A.I.-powered dynamic pricing engine for enterprise. Among the products the company is working on is software to help supply chain professionals optimize their network and deployment of assets.
FinSMEs
01/11/2022