2 years ago

Raft Secures $30 Million Series B to Advance AI Logistics Solutions

  • London-based AI logistics company Raft has raised $30 million in a Series B funding round led by Eight Roads

  • The company, formerly known as Vector.ai, provides automation tools for the freight industry, addressing areas such as accounts payable reconciliation, customs entry preparation, booking confirmations, and warehousing

  • Raft will use the funding to expand its operations and continue developing its AI platform.

      • ProblemLogistics

      "The global logistics industry heavily relies on manual processes, leading to inefficiencies, errors, and increased costs."

      Solution

      "Raft offers an AI-powered platform that automates key logistics tasks such as accounts payable reconciliation, customs entry preparation, booking confirmations, and warehousing, streamlining operations and reducing costs for freight forwarders."

      Covered on