Announced
Financials
Sources
Tags
Private
Venture Capital
Freight Forwarding
United Kingdom
Friendly
Cross Border
Minority
freight forwarding services
Acquisition
Single Bidder
Completed
Private Equity
Synopsis
Bessemer Venture Partners, the US venture capital giant behind successful investments in LinkedIn, Pinterest and Shopify, led a $15m Series A round in Vector.AI, which says it helps freight forwarders improve productivity via its AI platform. The funding will enable the company, which uses machine learning to transform cumbersome and monotonous processes, to accelerate its international expansion plans and build on its reputation as the automated system of choice for the world’s biggest freight forwarders.
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