AI startup 7bridges has raised $3.4 million in seed funding after being backed by venture capital investors such as LocalGlobe and Crane Venture Partners. 

The London-based firm has designed an LEO (“Logistics Engine Optimization”) platform suitable for all kinds of businesses, from retail through to manufacturing and health tech. 

Artificial intelligence is playing an ever-increasing role in businesses’ operations, with analysts at Infoholic Research suggesting the AI logistics market will be worth $6.5 billion by 2023.