Treefera, a startup using AI to map supply chain conditions, has raised $30m (£22.2m) in a Series B round – just a year after raising £9m. Environmental volatility has added significant new difficulties in maintaining reliable supply chains. Treefera’s tech is implemented at the first mile, the point at which commodities and raw materials are first sourced.

According to figures from the company, more than 60% of supply chain risks and costs are from this stage of the process, whilst also being the least transparent step in the supply chain. The startup uses satellite imagery, drone recordings and adaptive AI to source insights into first mile supply chain issues.

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