Rasmal Ventures Invests $2M in Hong Kong AI Logistics Start-up Nexx
· Source: indexbox.io
In short
QIA-backed Rasmal Ventures has invested $2 million for a minority stake in Hong Kong-based AI logistics startup Nexx. Nexx utilizes generative AI to help warehouses reduce operational costs and improve efficiency in processes like picking, sorting, forecasting, and order fulfillment. The company will deploy its AI solutions for Qatar Navigation (Milaha) to enhance their semi- and fully automated warehousing operations.
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In the issue of week 37, 2025: AI-Driven Automation and Decision Systems Slash Costs, Boost Supply Chain Resilience
Tags: logistics, automation, warehousing, investment, forecasting, efficiency