Kavida secures £900k in seed funding led by Qima to advance supply chain artificial intelligence tools.
The seed round was led by Qima and will fund product development and team expansion.
Kavida operates an order management platform that assists manufacturers and retailers in identifying and mitigating supply chain risks. The London-based firm uses artificial intelligence to streamline procurement execution and enhance operational resilience.
Kavida has secured £900k in a seed funding round led by Qima, with participation from Red Bus Ventures and a group of angel investors including Chris Adelsbach, Jack Cresswell, Christopher Carter, Ian Kemsley, Jonathan Davie, Simon Davies, Russell Puttick and Lord John Nash.
The capital will be directed toward product development, specifically integrating generative artificial intelligence tools like ChatGPT to function as a procurement co-pilot. The funds will also support recruitment efforts to expand the company team of data scientists and artificial intelligence specialists.
This latest injection follows a pre-seed raise of £300k in 2021, bringing the total capital secured by the startup to £1.2m.
From the founder
"We are thrilled to have secured this investment enabling us to accelerate a 10 year product vision into an immediate reality."
Anam Rahman
Chief Executive Officer at Kavida
Investor perspective
"Identifying and communicating efficiently supply-chain risks to businesses, using the power of LLMs, is a very promising step forward. We are excited to support Kavida’s vision to monitor these risks live, leveraging the power of AI"
Sebastien Breteau
Founder and CEO, Qima
Use of funds
- 01Grow the team
- 02Continue product development
Investors
Sebastien Breteau
Qima
Red Bus Ventures
Chris Adelsbach
Jack Cresswell
Christopher Carter
Ian Kemsley
Jonathan Davie
Simon Davies
Russell Puttick
Lord John Nash
Categories
About the company
Kavida
Kavida provides artificial intelligence software to help manufacturers and retailers manage supply chain risks.