Transmetrics optimizes logistics planning and asset management by leveraging the power of predictive analytics and artificial intelligence.
Business Model: SAAS
Revenue: $0
Employees: 11-50
Address:
City: Sofia
State: Grad Sofiya
Zip:
Country: Bulgaria
As a state-of-the-art AI platform developed exclusively for the Supply Chain, Transmetrics optimizes transport planning by leveraging the power of predictive analytics and machine learning. Transmetrics combines the strengths of humans with those of AI, ensuring the highest operational benefits, and reducing the environmental impact of logistics. Transmetrics has developed a unique approach for analyzing, modeling, and predicting transport flows with very high accuracy. Our unrivaled technology requires a rare combination of knowledge in multiple disciplines, something unique to Transmetrics. Our advantage comes from having strong experience in both the technical (Big Data and Predictive Analytics) and domain (Transport and Logistics) areas. Our products have brought significant benefits to the top-tier logistics companies worldwide that have experienced an up to 25% reduction in transport costs while increasing their fleet utilization up to 14% and maintaining high service levels. This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 945610.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 11/2015 | Seed Round | $330.6k | 1/2017 | Seed Round | 1 | $515.9k |
LAUNCHub Ventures LAUNCHub Ventures |
2/2015 | Seed Round | $113.1k | 6/2013 | Angel Round | $110.4k | 10/2018 | Seed Round | $1.8M | 7/2016 | Seed Round | $250.6k | 12/2019 | Grant | 1 | $1.9M |
European Commission European Commission European Commission European Commission |
2/2014 | Seed Round | 1 | $485.6k |
LAUNCHub Ventures LAUNCHub Ventures |
3/2013 | Seed Round | 1 | $64.7k |
LAUNCHub Ventures LAUNCHub Ventures |
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