BOSTON & SINGAPORE, March 29 (Bernama-BUSINESS WIRE) — Venti Technologies, a world leader in autonomous logistics for global supply chain and industrial hubs, today announced that it has secured $28.8 million in a Series A financing. The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. The funding will be used to accelerate Venti’s growth and meet increasing demand from customers worldwide.
Each year, trillions of dollars of goods pass through global supply chain and industrial hubs – ports, airports, factories, warehouses and depots. These hubs face key challenges such as driver shortages, supply disruptions and safety concerns. Venti’s full-scope autonomy solutions require no change to existing infrastructure and work with any vehicle in any logistics or industrial hub. After three years of development in one of the world’s largest container ports, the company’s fleets can navigate complex environments and heavy traffic, with unmatched precision and the ability to park 45-foot tractor-trailers accurately down to one inch.
