Artificial Intelligence backed supply chain solution provider Locus (https://www.locus.sh/) has secured $22 million in (Series B) funding. The fresh funding has primarily been infused by Falcon Edge Capital & Tiger Global Management while existing investors Exfinity Venture Partners and Blume Ventures also participated in the second round.
Locus’ premier logistics optimization solutions include route optimization, real-time tracking of orders, insights and analytics, dynamic sales journey plans, and automated shipment sorting. Locus is focussed on solving complex real-world logistics problems like increasing First Attempt Delivery Rate (FADR) for e-commerce companies, sales transformation for global CPG companies, and suggesting optimal fleet mix for 3PL companies.
“Locus is on an unprecedented path to automate every possible decision in the supply chain. The funding will act as a boost to our global expansion efforts as we amplify our team size specifically in North America and continue to build our IP,” said Locus CEO, Nishith Rastogi.