Speedinvest and Frontline Ventures co-led the seed round to support commercial growth.
"There is huge potential in using machine learning to discover new patterns in supply chains that can revolutionise business. The latest developments in deep learning make it possible to capture these patterns through algorithms and identify the most influential factors in supply chain ecosystems, while constantly learning in the process. Gaurav, Dongho, and the entire Solvo.ai team have a highly complementary mix of charisma and ambition, combined with serious technical capabilities. We are very excited to back them in building the leading AI platform in the supply chain industry,"
The seed round was led by RET Ventures to support sales expansion and product development.
"Just a few years after its launch, Travtus has gained significant traction in the market because of its sophisticated machine learning approach and wide variety of applications for property managers,"
Dawn Capital led the Series D round with participation from Atlas Merchant Capital, GSquared, and King River Capital.
"We’ve always been strategic about our approach to fundraising, and closing our highest-ever funding round in a challenging environment for raising capital reinforces the strength of our embedded business model,"
The funding round was backed by a member of Henley Business Angels to support international expansion and product development.
"We have an exciting future ahead, with launches in the UK and abroad coming up; it’s not public knowledge yet, but a big retail chain in the US want to launch Nix and Kix. We are therefore happy to receive the support from HBA to help us grow further."
The funding round was co-led by Sure Valley Ventures, Act Venture Capital, and Furthr VC.
"We’ve developed long-term partnerships with customers who trust our expertise to successfully address and solve even their most complex business problems. Having had a positive response from the market to date, particularly in the USA, we look forward to accelerating our sales, implementing our product roadmap and growing our team over the coming months."
