London-based startup Solvo.ai, a startup focused on improving decision-making in the supply chain and logistics sector has raised $4M in its Seed round of funding.
Solvo.ai says it will use the funds to scale the commercialization of its first product and to ramp up sales and business development. Currently, Solvo.ai is developing tools to assist supply chain experts in optimizing their network and asset deployment.
The investment was led by Speedinvest and Frontline Ventures.
Solvo.ai was founded by Dr Dongho Kim and Gaurav Bajaj, who previously commercialised AI technologies at the engineering technology firm Secondmind. Kim’s earlier work includes creating a conversation system using AI that was included in Apple’s Siri.
In a time when it is becoming more difficult to predict the health of the economy, politics, and environment, Solvo.ai assists the logistics industry in building more dependable supply chains.
In partnership with one of the biggest logistics companies in the world, Solvo.ai developed its first product, an AI-powered dynamic pricing engine for enterprises.
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