Raft
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Raft - overview
Established
2017
Location
London, -, UK
Primary Industry
Software
About
Based in London, UK, and founded in 2017, Vector AI LTD, aka Raft operates as a software development firm that offers an artificial intelligence-based machine learning platform for the freight logistics industry. The company was Co-founded by James Coombes (CEO) and Nisarg Mehta (CTO). In July 2023, Raft raised USD 30 million in series B funding led by Eight Roads Ventures, Moguntia Capital, and Bessemer Venture Partners. The firm offers a machine learning-powered platform which helps the freight logistics industry by providing automation, collaboration, and reporting.
It centralizes the business process and provides content automation and process automation. It offers management-level reporting and provides a broad company overview, company KPIs, and creditor monitoring. The company plans to use the July 2023, funding to accelerate product enhancement and expand its market reach.
Current Investors
Episode 1 Ventures, Bessemer Venture Partners, Dynamo
Primary Industry
Software
Sub Industries
Freight Transportation Services, Logistics Software
Website
www.raft.ai
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things)
Company Stage
Series B
Total Amount Raised
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