Vector.ai to raise $15 million in a round led by Bessemer Ventures.

Vector.ai, a London, UK-based company developing automated solutions used for paper handling in the logistics business, announced that it completed a $15 million series AA funding round.

The money was raised from investors led by Bessemer Venture Partners and joined by existing shareholders Dynamo Ventures and Episode 1.

Vector.ai, founded in 2017 by CEO James Coombes and Nisarg Mehta, develops an automated system for freight forwarders, helping with logistics paperwork handling. CUstomers include Fracht, EFL, NNR Global Logistics, The Scarbrough Group, Steam Logistics and Navia Freight, as well as other top-10 freight forwarders.