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Cork-based AI start-up Keelvar raises $18m in Series A funding

After securing major funding, Keelvar is set to expand its AI supply chain software in the US and Europe from its base in Cork. Keelvar, a spin-out from University College Cork (UCC) that designs AI supply chain software, has secured $18m in Series A funding. Keelvar said that this new funding will support its expansion plans for Europe and the US amid the rapidly growing demand for supply chain automation solutions, accelerated by the Covid-19 pandemic. The company said it expects the requirement for sourcing information software to increase as organisations adapt after Covid-19. Holland said of the investment: “When it comes to sourcing, automation for more mundane tactical buying frees personnel up to focus on strategic tasks such as innovation management and risk assessment.

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