Optimal Dynamics raises $4M seed round to transform logistics industry
posted by AJOT | Jul 07 2020 at 11:29 AM | Logistics
Optimal Dynamics, a startup aiming to automate and optimize the logistics and supply chain industry through a new proprietary technology called High Dimensional Artificial Intelligence, announced today that it has raised a $4 million seed round, led by Fusion Fund, with participation from The Westly Group, TenOneTen Ventures, Embark Ventures, FitzGate Ventures, and Newark Venture Partners.
“Optimal Dynamics’ main product, CORE.ai, leverages High Dimensional Artificial Intelligence, which is the result of decades of research and development at Princeton University. CORE.ai allows companies to capture significantly more detail, plan into the future, and most importantly, plan for uncertainty,” said Daniel Powell, Co-Founder and CEO of Optimal Dynamics. “Together, with our technology and our team of industry and technical experts, we are positioned to fundamentally shift how transportation and logistics companies plan and make decisions.”
Commentary: Optimal Dynamics – the decision layer of logistics?
Author’s disclosure: I am not an investor in Optimal Dynamics, either personally or through REFASHIOND Ventures. I have no other financial relationship with Optimal Dynamics.
Optimal Dynamics, a startup that is building software that automatically optimizes trucking fleet operations using its proprietary CORE.ai solution, announced on July 7 that it raised a $4 million seed round.
CORE.ai, Optimal Dynamics’ Software-as-a-Service (SaaS) product, uses a proprietary technology called High-Dimensional Artificial Intelligence that empowers truckload operations to automate and optimize the entire planning and decision-making process, including detailed strategic analysis, automated load acceptance and dispatching.
