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Eurora Closes $3M Round To Bring Ai Logistics Tech To E-Commerce Players Post Brexit

Jul 15, 2021•about 4 years ago

Amount Raised

$3 Million

Round Type

seed

Software

Description

To help stimulate the world’s economies and new trade rules between the UK and the rest of the world in the post-Brexit scenario, regulations have been evolving rapidly. Adding on to Brexit, new EU trade rules have also been introduced from 1 July this year. These two developments have completely changed the way goods move in and out of Europe.

Company Information

Company

Eurora

About

Today, a startup out of Estonia called Eurora that’s built an AI-based system to help ease all of this along more smoothly in the EU region is announcing $40 million (£31 million) in funding as it finds a lot of traction for its solution, with more than 200 paying customers globally. (The company had only raised a modest $3 million in four years before this.) The company says that it’s worked with 22 scientists that have contributed to building its platform, which uses big data to help track and trace the origin of packages and make sense of how customs forms, which might indicate something as vague as “tool”, are an electric or manual tool, what kind and from what materials and the purpose and so on.