Intelligent logistics platform Raft recently announced the successful completion of its Series B funding round, raising $30 million in investment. The funding round is led by global VC investor Eight Roads with participation from existing investors Bessemer Venture Partners, Episode 1, and Dynamo Ventures, as well as Moguntia Capital. Founded in 2017, Raft—formerly known as Vector.ai helps key players in the logistics industry apply AI to their daily tasks and customer interactions. The fresh capital infusion will be used to increase the development and deployment of Raft’s core automation products, improve data collaboration across the ecosystem including mission-critical emissions and visibility data and overall deepen Raft’s market reach.
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