The 2024-founded start-up plans to open its first US workplace later this yr.
Dublin-based start-up Axe has raised €1.5m in a pre-seed funding spherical to carry its synthetic intelligence-powered logistics to provide chain networks.
The spherical was led by early-stage enterprise capital Pitchdrive, with participation from Enterprise Eire, Accel Scouts and angel buyers Colm Lengthy and Colm Lyons.
Axe builds autonomous AI brokers that deal with duties equivalent to order entry, quoting, scheduling and telephone calls. In keeping with the start-up, AI automation provides again freight brokers and carriers greater than 4 hours day-after-day, which may then be utilized to different extra very important day-to-day duties.
“We’re constructing AI brokers that don’t simply save time, they essentially change how logistics groups function,” mentioned James McElroy, the co-founder and CEO of Axe.
“This funding helps us speed up towards a future the place groups not waste hours on guide admin, and may as an alternative concentrate on technique, service and scale.
“We’re already saving groups over 4 hours a day and considerably rising their profitability.”
The contemporary capital shall be used to speed up product improvement, scale the engineering and buyer success groups, and assist Axe’s growth into the US, the start-up mentioned.
The corporate at present operates in Dublin and London and has plans to open its first US workplace later this yr.
“We backed Axe as a result of they’re tackling one of the crucial painful and outdated workflows in a $10tn trade – with a group that is aware of the way to ship quick, construct actual AI and promote into logistics,” mentioned Pitchdrive co-founder Koen Christiaens.
“James and Dan have achieved this earlier than, they usually’re constructing precisely what freight groups have been crying out for – AI brokers that really get issues achieved.”
Axe was based in 2024 by McElroy and Dan Quill – the corporate’s chief expertise officer. Each the founders have beforehand held senior positions at start-ups.
McElroy co-founded pet companies market Gudog, which was acquired by Blackstone earlier this yr, whereas Quill was the founding CTO at Peblo, which was acquired by Irish unicorn Wayflyer in 2022.
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