Transmetrics, a Sofia, Bulgaria-based provider of an AI platform for the supply chain industry, raised €2.5M in funding.
The round was led by European Innovation Council Fund, along with Impetus Capital. The round was also joined by existing shareholders and angel investors. By closing this convertible round, Transmetrics has now raised a total of nearly €7.5M in equity and grants since the launch in 2013.
The company intends to use the funds to continue to invest in its tech platform and expand into new markets.
Led by CEO Asparuh Koev, Transmetrics provides AI solutions for the supply chain industry, which optimize transport planning by leveraging the power of predictive analytics and machine learning, addressing extreme inefficiencies in logistics. The company combines humans with AI, ensuring the highest operational benefits, and reducing the environmental impact of logistics. Its approach analyzes, models, and predicts transport flows with very high accuracy.
Transmetrics has worked with some of the leading logistics companies in the world, such as Kuehne+Nagel, Matson, DPDgroup, Gebrüder Weiss, and more.
FinSMEs
01/03/2023