A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
A New Experience Is On The WayInvoZone
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For Its Supply Chain Software, Solvo.AI Raises £3.5M

November 01, 2022 | 1 min read

AI powered logistics startup Solvo.ai nets funding of £3.5M and aims to expand by commercializing its product. In a seed round led by Speedinvest and Frontline venture the supply chain software Solvo.ai nets funding of £3.5M. Logistics industry has slowly adopted the technology in comparison to other sectors. However, despite lethargic adoption- technology has still brought significant changes not only in logistics but in supply chain, and construction industry also.  As for logistics the tracking software plus automation creates touchless supply chain infrastructure, in addition to also providing full product tracking from the manufacturer to the final delivery destination. Inclusion of potent technologies like AI and ML have also helped to optimize routing that can speed up transportation. In the coming five to six years logistics software development is going to become an absolute necessity with the market hitting the number of  USD 18.31 billion (global news wire).

Solvo.ai: Automating the Supply Chain

With the mission to combine human expertise with super AI technology the startup wants to make the decision making simple. The main purpose behind is to accelerate recovery and improve resilience in global supply chains. Solvo.ai founded by Dongho Kim and Gaurav Bajaj to smooth political, economic and environmental factors that affect the efficiency of supply chains. Has optimization engine  which offers the capabilities for running scenarios, analyzing the tradeoffs, improving transparency and accelerating recovery.  Especially in response to ever changing market dynamics, customer behaviours and disruptions. CEO and co-founder Gaurav Bajaj regarding these disruptions said

“Logistics is a $5 trillion industry and the backbone of global trade. But the disruption caused by Covid-19, trade wars, and the conflict in Ukraine has shown just how vulnerable supply chains are.With the accelerating impact of climate change and pressures around the transition to net zero and sustainability, the future looks even more uncertain and complex.”