Fundz

7Bridges Raises $17M To Automate Logistics Supply Chains Using Ai

PRIVATEJan 17, 2022

Amount Raised

$17 Million

Round Type

Funding Round

SoftwareData And Analytics

Description

Supply chain logistics — getting components and eventually finished products from A to B to C — is one of the most critical parts of running a business, not least because it is one of the most complex, involving dozens of companies, hundreds of combinations and permutations, accounting for world events outside of your business, a lot of people hours to figure it all out. Today, a startup called 7bridges that is aiming to simplify that by way of an AI-based automation platform — it ingests a company’s supply chain, operating and logistics data to present a user with optimized recommendations for how to move goods — is announcing $17 million in new funding, a sign of the demand in the market to address and fix how supply chains work.

Quick answer

7bridges raised $17 Million in a Funding Round round, dated January 17, 2022.

How much did 7bridges raise?
7bridges raised $17 Million in a Funding Round round on January 17, 2022.
What does 7bridges do?
Today, a startup called 7bridges that is aiming to simplify that by way of an AI-based automation platform — it ingests a company’s supply chain, operating and logistics data to present a user with optimized..

Source: Fundz verified event record.

Who else raised in Data And Analytics and Software around the same time

Companies in the same sectors as 7bridges that raised within 45 days of this round, from Fundz verified event records.

  • Cardinal Ops raised $18M (Series A) on March 3, 2022.
  • ArrePath raised $20M (Seed) on March 3, 2022.
  • Health Catalyst raised $13M on March 2, 2022.
  • OpenSpace raised $102M (Series D) on March 2, 2022.
  • EdgeCortix raised an undisclosed amount (Series A) on March 1, 2022.
  • DataShapes raised $5M (Funding Round) on March 1, 2022.

Who to call at 7bridges, and when

A new round usually means 7bridges is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

7bridges

About

Today, a startup called 7bridges that is aiming to simplify that by way of an AI-based automation platform — it ingests a company’s supply chain, operating and logistics data to present a user with optimized recommendations for how to move goods — is announcing $17 million in new funding, a sign of the demand in the market to address and fix how supply chains work. At the same time, Covid-19 led to massive surges in demand for many businesses — most obviously in areas like e-commerce but also any business that found itself getting squeezed as a result of disruptions elsewhere (eg a pharmaceutical company seeing more orders for drugs in part because others are making less, or just because people became more anxious for their health).Typically a company might work with upwards of 30 different suppliers in the normal course of business, from those supplying components through to companies that might ship parts or all of your product around the world. Indeed, with AI and automation making their way into every aspect of how business gets done nowadays, it was a no-brainer that a company would come along to build a platform to bring all of this together. 7bridges have developed a novel technology solution to digitalise the design, management and optimization of supply chains. 7bridges will enable a wider range of businesses to better harness the power of data and AI to support commercial decision-making. We believe 7bridges has the potential to address a largely unmet market need and significantly improve companies’ supply chains.”

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7bridges raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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