Paxafe Raises $9M in Funding to Enhance AI-Powered Logistics Solutions

Paxafe's Series A Funding

Key Highlights:

• Series A Funding: Raised $9 million in Series A funding, bringing the total amount to $14 million.
• Investors: Led by Framework Venture Partners, with participation from M12 (Microsoft's Venture Fund), Rosecliff Ventures, and others.
• Company Focus: Paxafe delivers AI-powered decision support solutions for cold chain logistics, helping customers optimize operations and reduce product loss.

Paxafe's Target Market

• Target Market: Quality, transportation, and logistics leaders in the cold chain industry.
• Cold Chain Logistics Providers: Companies involved in the transportation and storage of temperature-sensitive products, such as pharmaceuticals and perishable goods.
• Visibility Solution Providers: Businesses seeking AI-enabled decision support solutions to enhance their existing visibility solutions.

What Paxafe Needs to Buy

• Technology and AI Expertise: Collaborations with AI and technology companies to enhance their AI-powered decision support solutions.
• Global Expansion Support: Services to support global operations and expansion into new markets.
• Partnerships and Ecosystem Development: Building key partner ecosystems to enhance their product offerings and reach a wider customer base.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.