Launched in 2018, the UK-based company uses artificial intelligence, cloud and other technology to improve operational efficiency for customers organising international trade in their products.
Beacon was set up to drive efficiencies in a historically fragmented industry, with industry sources saying this weekend that the timing of its latest fundraising was shrewd. Beacon is understood to have seen strong demand during the crisis from companies in the e-commerce and homewares sector, in particular.
Sources say it is markedly different to the likes of Uber Freight, a division of Uber Technologies, which offers point-to-point deliveries using trucks, with bookings made online.The company helps importers to address cashflow needs by offering financing within 72 hours - a critical issue for importers who invariably have to pay suppliers before goods begin a shipment journey that can take several months.
"It is a management team with deep expertise in logistics, technology, finance and hyper-growth," a source said.
So use tax payer funds for r&d and then go to another country to use their cheap labour like the dyson man
His net worth is over 100 Billion dollars which is way more than the entire African Countries annual budget which is around 40 Billion dollars!
The world dos not need Jeff service, let us be realistic, is just an expensive farce that kills the small entrepreneurship..... Capitalist Monopoly is what we are founding....
A start up you say? Any Tory MPs or donors involved?
Ooooh positive news. Watch the sausages still moan.
Are you surprised skynews?
Great.
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