A Dubai-based logistics startup has raised $120 million in a Series C funding round, highlighting growing investor interest in AI-driven supply chain solutions.

The company specializes in using artificial intelligence to optimize delivery routes, reduce costs, and improve efficiency for e-commerce and retail businesses. The funding round was led by international venture capital firms, with participation from regional investors.

The startup plans to expand operations across the Middle East and North Africa, targeting high-growth markets with increasing e-commerce demand. According to industry data, the MENA logistics market is expected to exceed $100 billion by 2030.

This investment reflects a broader trend of digital transformation in logistics, where AI and automation are becoming critical competitive advantages.

From a business standpoint, the funding will enable the company to scale technology infrastructure, hire talent, and enhance product offerings.

Looking ahead, analysts believe AI-powered logistics could significantly reduce operational costs across the region, making it a key growth sector for investors.

Source : BloomBerg.