7bridges, a London, UK-based AI-powered optimization engine for businesses to scale and automate logistics and supply chains, raised $3.4m in seed funding.
The round was co-led by Crane Venture Partners and LocalGlobe.
The company intends to use the funds for the roll-out of the Logistics Engine Optimisation ‘L.E.O’ technology to clients globally, in industries from retail and fashion to med-tech and manufacturers.
Co-founded in 2016 by Philip Ashton and Matei Beremski, 7bridges provides an AI-powered optimization engine which allows businesses to scale and automate logistics and supply chains. The platform’s proprietary technology allows them to control and optimize all areas of their logistics including auditing costs, document creation, performance analysis and procurement. The AI-powered platform also continuously suggests optimal logistics strategies, by simulating and predicting the impact of changes in the supply chain in the context of business constraints and goals. It allows direct integrations to carriers and other fulfilment solutions via its global partner ecosystem, as well as integrations to tools such as ERPs to enhance data visibility and accessibility.