Transmetrics is a Bulgarian-based startup that specializes in optimizing logistics planning and asset management through the use of predictive analytics and AI. Founded in 2013, the company has developed a state-of-the-art AI platform tailored for the supply chain industry. By combining human expertise with AI capabilities, Transmetrics achieves operational benefits and reduces the environmental impact of logistics. Transmetrics' unique approach involves analyzing, modeling, and predicting transport flows with exceptional accuracy. Their expertise spans across multiple disciplines, including Big Data, Predictive Analytics, Transport, and Logistics. Their products have delivered substantial benefits to top-tier logistics companies worldwide, with up to a 10% reduction in transport costs, a 14% increase in fleet utilization, a 12% reduction in fleet size, and the retention of high service levels. In September 2023, Transmetrics secured a €1.70M grant investment from the NextGenerationEU as part of Bulgaria's Recovery and Resilience Plan, which is aligned with the European Union’s NextGenerationEU instrument under Grant Agreement BG-RRP-2.006-0006-C01. With its innovative approach and proven track record, Transmetrics is well-positioned to continue making significant strides in the analytics, B2B, logistics, SaaS, and transportation industries.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | €1.70M | 1 | 15 Sep 2023 | |
Convertible Note | €2.50M | 2 | 23 Feb 2023 | |
Grant | €1.67M | 1 | European Commission | 12 Dec 2019 |
Seed Round | €1.54M | - | 01 Oct 2018 | |
Seed Round | €490.00K | 1 | LAUNCHub Ventures | 01 Jan 2017 |