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Vector.ai
AddedFeb 19, 2024
UpdatedJun 18, 2026
Vector.ai

Vector.ai

Acquired

Raft provides an AI-powered freight forwarding solution, streamlining shipment data processing for efficiency.

HQ
London, Greater London, GB
Founded
2017
Accelerator
Techstars logoTechstars: New York Barclays2018
Overview
Compare
Fundraising
Employees
Website

Vector.ai, now known as Raft, was founded with the mission to revolutionize the freight forwarding industry through artificial intelligence. The company's vision is to streamline and automate the complex processes involved in shipment data management, thereby enhancing operational efficiency. Raft offers an AI-powered platform that understands, triages, and acts on incoming shipment data, significantly reducing the time and effort required for manual data entry and reconciliation. Their market focus is on freight forwarders and logistics companies seeking to optimize their operations through advanced technology.

Notable figures affiliated with Raft include its founding team and key investors who have supported its growth. The company has achieved significant milestones, such as securing partnerships with major logistics firms and successfully implementing its AI solutions to save countless hours for operators. Raft's impact on the industry is marked by its ability to provide real-time, continuous processing of shipment data, leading to increased efficiency and reduced operational costs for its clients.

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Vector.ai - Quick Facts

Who are Vector.ai's competitors?

Companies similar to Vector.ai include Vector, Expedock, FreightFlows and CargoFL.

When was Vector.ai founded?

Vector.ai was founded in 2017.

Where is Vector.ai's headquarters located?

Vector.ai's headquarters is located in London, Greater London, GB.

When was Vector.ai's last funding round?

Vector.ai's most recent funding round was for $30M (USD) in July 2023.

How much has Vector.ai raised to-date?

As of Jul 11, 2023, Vector.ai has raised a total of $47.9M (USD).

Vector.ai - Classification

Ownership
  • Venture Capital
Technology
  • AI
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Software
Customer
  • Enterprise
Main Product
  • Freight Forwarding
Tags
  • Logistics
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7371Computer Programming Services
Show 5 more industry codes
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7372Prepackaged Software