Freight forwarders globally lose billions of hours to cumbersome and time-consuming administrative tasks as they process billions of shipments every year.

The company will use the funding to accelerate its international expansion plans and cement its position as the automated system of choice for the world’s biggest freight forwarders. The company uses machine learning to automate these inefficient and error-prone processes transforming workforce productivity and eliminating previously siloed workstreams. Vector.ai says that its month-on-month revenue has tripled since the start of the year. Mike Droesch, Partner at Bessemer Venture Partners, says: “Vector.ai is one of the early leaders in an emerging category of freight forwarding workflow automation and digitisation tools.

London-Based Vector.Ai Secures £11M To Tackle Growing Productivity Crisis In International Freight Forwarding

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