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Locad Secures $9M to Expand AI-Driven Logistics in the Middle East
Locad has raised $9 million in a pre-series B funding round to enhance its AI-driven logistics platform and expand operations into Saudi Arabia and the UAE, aiming to leverage advanced technologies for predictive analytics, route optimization, and warehouse automation. This strategic move aligns with the Middle East's growing investment in AI and technology, positioning Locad to tap into new markets and drive innovation in the logistics sector.
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By Dr. Tony HoangLocad has raised $9 million in a pre-series B funding round to enhance its AI-driven logistics platform and expand operations into Saudi Arabia and the UAE, aiming to leverage advanced technologies for predictive analytics, route optimization, and warehouse automation. This strategic move aligns with the Middle East's growing investment in AI and technology, positioning Locad to tap into new markets and drive innovation in the logistics sector.