Using AI, Machine Learning to optimize routes for last-mile operations - Geospatial World

With the help of latest technology, this Spanish startup is working towards making logistics smarter. Scroll through their website and your attention is instantly drawn towards these lines: "You're in good company. Thanks to SmartMonkey, big corporations improve their logistic operations up to 30%. Below these lines are a reiteration of "up to 30% efficiency" and a list of companies that have benefitted from this Spanish startup. Formed in 2015 to make logistics smarter by using Machine Learning and Artificial Intelligence, the startup, in its own words, is "thriving to help companies optimize their distribution routes while learning from their clients' behaviors". "Our clever logistics products improve the companies' distribution operations, reduce the costs besides the operational risks by capturing the drivers' knowledge and transforming it into a new logistics data asset that helps the system learn and operate autonomously," explains SmartMonkey CEO Xavier Ruiz. The company's list of "satisfied" clients includes AGBAR and Heineken. But are clients the only source of revenue for them? "We have two main sources of funding: business angels and venture capital.