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Former Tesla team raises $12.5 million to automate supply chains

Former Tesla team raises $12.5 million to automate supply chains

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Summary

A team of former Tesla employees has raised $12.5 million to develop solutions aimed at automating supply chain management. The funding is intended to help move these processes toward greater automation.

Details

A team of former Tesla employees has raised $12.5 million in funding for a project focused on automating supply chains. The information was reported exclusively by TechCrunch.

According to the available details, the initiative aims to put supply chain management on “autopilot.” The company’s name, its investors and details about the specific product were not provided.

The fundraising highlights the development of technology solutions for automation in supply chain operations. The funding totals $12.5 million.

NEXORA AI — Why it matters

The funding signals a push to apply greater automation to supply chain management.

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Read the original publication at TechCrunch