Summary:
Hived Ltd. raises $42M in Series B funding to revolutionize parcel delivery with AI
Addresses "Where Is My Order" (WISMO) anxiety with real-time sorting and route optimization
HIVEDmind AI platform dynamically updates for efficient deliveries, 10x better than industry standards
Operates a 100% electric fleet, focusing on sustainability
Plans to expand across the UK's booming e-commerce market
London's Hived Ltd., an AI-driven parcel delivery startup, has secured a whopping $42 million in Series B funding. This investment, led by NordicNinja with contributions from Wex Venture Capital, Marunouchi Innovation Partners, and others, is set to fuel the company's expansion, enhance its HIVEDmind AI logistics platform, and grow its team.
Revolutionizing E-Commerce Deliveries
Hived is on a mission to replace outdated delivery logistics, addressing the common anxiety among recipients and retailers known as "Where Is My Order" (WISMO). By integrating directly with modern e-commerce architecture, Hived connects retailers, warehouses, drivers, and customers seamlessly.
- Real-time warehouse sorting and route optimization adapt driver behavior to real-world situations.
- 10x better performance in handling lost-in-transit and damages compared to industry standards.
The Power of HIVEDmind
Hived's AI-driven platform, HIVEDmind, dynamically updates based on delivery volumes, route patterns, and neighborhood-specific data. It even advises on the best parking spots and packing strategies, ensuring efficient deliveries.
Sustainability at Its Core
Hived operates a 100% electric fleet, emphasizing sustainable architecture to scale a delivery network that excels in customer experience and environmental responsibility.
Scaling Across the UK
With the UK being the third-largest e-commerce market globally, Hived aims to expand its services, grow its engineering team, and enhance its intelligence platform to meet growing demands.
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