London tech startup secures £300k to prevent supply chain disruption
A London-based tech startup aiming to mitigate supply chain disruptions has secured six-figure funding.
Kavida.ai has secured £300k in pre-seed capital funding in a round led by supply chain solutions firm QIDA.
The funding round also saw participation from Sri Sharma, Pradeep Menon, Rohan Haldea and the PDS Multinational Group.
Launched in October 2020, the Kavida.ai platform builds digital twins of enterprise supply chains to gain a 360-degree view of all types of disruption risks in real time.
Anam Rahman, chief executive officer at Kavida.ai, commented: “Where QIMA focuses on endogenous quality and compliance risk, Kavida.ai covers exogenous risk, such as weather, port disruptions and pandemics.
“It’s an ideal strategic partnership and both parties will be collaborating to pioneer the next era of supply chain risk management.”
Sebastien Breteau, QIMA founder and CEO, added: “At QIMA we are always on the lookout for value-adding supply chain innovations. Hence, we are thrilled to support and join forces with the Kavida.ai team: we share the same ambition of making global supply chains more secure and resilient by leveraging the power of data.
“We expect meaningful synergies with our own tech products and teams, and are eager to help our 14,000 customers benefit from Kavida.ai features. Exciting times ahead!”
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