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: â€œWhen 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.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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