Alvys, the next-generation logistics operating platform for logistics and supply chain management, today announced it has raised $20.5 million in a Series A funding round. The round was led by Titanium Ventures (formerly Telstra Ventures), with new investor Picus Capital and existing investors RTP and Bonfire.
The successful achievement of this round solidifies Alvys’s position as a leader in logistics and supply chain management. The company is experiencing rapid customer growth, and this capital enables Alvys to accelerate its development efforts and to recruit top talent to solve complex issues within the industry.
“This funding round marks a pivotal moment for Alvys as we continue our mission to revolutionize the logistics and supply chain industry,” said Nick Darman, founder and CEO of Alvys. “We’re tackling some of the most complex challenges currently vexing the industry, which is moving the needle on attracting innovative thinkers to our team to help us solve those problems.
Read Full News @ https://ai-techpark.com/alvys-raises-20-mn-to-transform-logistics-and-scm/
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