Plato, a Berlin-based startup, has secured $14.5 million in seed funding to introduce AI automation to the wholesale trade industry. This significant investment aims to leverage generative AI in wholesale distribution, a sector that plays a crucial role in moving a substantial portion of the world’s goods.
The funding round was led by Atomico, with additional participation from Cherry Ventures, Discovery Ventures, and D11Z. Although wholesale distribution is a massive industry, it rarely receives attention in tech news, despite its substantial impact on global trade.
With this investment, Plato is poised to make a significant impact on the wholesale trade industry. The company’s plans and future developments will be closely watched, particularly in terms of how its AI automation solutions will be implemented and received by the industry.
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