Fundz

Transmetrics Closes €2.5 Million Convertible Round To Accelerate The Development Of Ai-Driven Logistics Planning Technologies

PRIVATEFeb 23, 2023

Amount Raised

€2.5 Million

Round Type

Seed

BulgariaTransportationAnalyticsSupply Chain ManagementLogistics

Description

Transmetrics, a state-of-the-art AI platform developed exclusively for the supply chain industry, today announces the successful closing of a €2.5 million funding round.

Quick answer

Transmetrics raised €2.5 Million in a Seed round, dated February 23, 2023. Transmetrics is based in Bulgaria.

How much did Transmetrics raise?
Transmetrics raised €2.5 Million in a Seed round on February 23, 2023.
What does Transmetrics do?
As a state-of-the-art AI platform developed exclusively for the Supply Chain, Transmetrics optimizes transport planning by leveraging the power of predictive analytics and machine learning.
Where is Transmetrics based and how big is it?
Transmetrics is based in Bulgaria.

Source: Fundz verified event record.

Who else raised in Transportation and Analytics around the same time

Companies in the same sectors as Transmetrics that raised within 45 days of this round, from Fundz verified event records.

  • GoodShip raised $7.4M on March 30, 2023.
  • Overhaul raised $73M (Funding Round) on March 7, 2023.
  • Overhaul raised $38M on February 1, 2023.
  • ESP Technology & Logistics raised $5M (Series A) on January 16, 2023.
  • Jumppoint raised $6.5M (Series A) on January 12, 2023.
  • Magenta Mobility raised $22M (Funding Round) on April 5, 2023.

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Company Information

Company

Transmetrics

Location

Bulgaria

About

As a state-of-the-art AI platform developed exclusively for the Supply Chain, Transmetrics optimizes transport planning by leveraging the power of predictive analytics and machine learning. Transmetrics combines the strengths of humans with those of AI, ensuring the highest operational benefits, and reducing the environmental impact of logistics. Transmetrics has developed a unique approach for analyzing, modeling, and predicting transport flows with very high accuracy. Our unrivaled technology requires a rare combination of knowledge in multiple disciplines, something unique to Transmetrics. Our advantage comes from having strong experience in both the technical (Big Data and Predictive Analytics) and domain (Transport and Logistics) areas. Our products have brought significant benefits to the top-tier logistics companies worldwide that have experienced an up to 10% reduction in transport costs while increasing their fleet utilization up to 14%, reducing the fleet size by 12% and maintaining high service levels. This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 945610.

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