Draper Associates, a leading venture capital firm, has announced a strategic investment in Logic, the innovative logistics automation company at the forefront of reshaping the industry. The investment will propel Logic towards its vision of fully autonomous supply chains by integrating digital twins, artificial intelligence, and cost-effective robotics.
Tim Draper, renowned venture capitalist and founder of Draper Associates, expressed his excitement about backing Logic and its groundbreaking approach to logistics. "Thrilled to back Logic, pioneers in reshaping logistics. Their blend of digital twins, AI, and cost-effective robotics is a game-changer, setting the stage for fully automated supply chains. Proud to support Logic as they create a path to dark warehouses and integrated, intermodal transportation," said Tim Draper.
Michael Santora, Founder & CEO of Logic, expressed deep gratitude for the support from Tim Draper and Draper Associates. "The Logic team is deeply honored to have a legendary investor like Tim Draper see our vision and stand behind it. His support is not just an endorsement; it's a powerful validation of the transformative impact we are making in the world of logistics."
The investment from Draper Associates will fuel Logic's growth and accelerate the development of their innovative solutions. Logic is poised to make a significant impact on the logistics industry, driving efficiency, reducing costs, reducing emissions, and ushering in a new era of automation.