Singapore Based AI Logistics Platform, uParcel, Raises $2m in Pre-Series A Funding - PR Newswire APAC
Summary
uParcel will use the latest funding to accelerate regional expansion and continue to scale its platform by expanding into adjacent products. While the Covid-19 situation carries challenges, the well-positioned business platform has benefited as the market pivots towards adoption of same-day deliveries in the region. He is one of the pioneering leaders in Singapores deep-technology development, and his investment is a strong vote of confidence in the potential of uParcels technology and value propositions." uParcel will utilise the investment to deepen research on big data and AI with Singapores universities to develop scalable delivery infrastructure and solutions. The vast general data and experience generated from the deliveries can be used to build complementary products that are highly scalable."