Mojro Technologies raises $5.5 M Series A funding from Dallas Venture Capital
Mojro Technologies, an AI-powered supply chain optimization startup, has completed a $5.5 million Series A funding round. The round consists of a $2.5 million extension funded by Dallas Venture Capital (DVC) and a previously announced $3 million investment led by IAN Alpha Fund with participation from 1Crowd.
According to the company, the new funds will be utilized to expedite product innovation and global expansion.
Mojro is a B2B SaaS platform for logistics planning and optimization that was founded in 2016 by Kishan Aswath, Amit Kulkarni, and Ranganath Seetharamu. Using a usage-based pricing model, it helps mid- to large-sized businesses in industries like dairy, e-commerce, retail, courier and parcel, and CPG cut logistics costs by up to 20%.
Its AI-powered platform optimizes routes, schedules, trips, and capacity constraints using heuristic algorithms and sophisticated analytics. With a library of more than 150 constraints, it can manage intricate logistics situations and produce quantifiable improvements in less than 90 days.
Its products, such as PlanWyse and ExecuteWyse, provide businesses in the FMCG, food and beverage, 3PL, and retail sectors with real-time planning and operational intelligence.
The global AI in logistics market is predicted to grow at a CAGR of 46.9% to reach $38.68 billion by 2026, according to market research.
