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Arrive AI raises USD 1.5 million in crowdfunding to develop AI-powered smart mailbox platform
Last-mile Delivery Automation
Jun 20, 2024
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Last-mile Delivery Automation

Last-mile Delivery Automation

Jun 20, 2024

Arrive AI raises USD 1.5 million in crowdfunding to develop AI-powered smart mailbox platform

Funding

  • Arrive AI, a developer of landing platforms for drone and robotic deliveries, has raised over USD 1.5 million in its latest crowdfunding round, bringing its total funds raised to date to USD 9.7 million.

  • The funds will further develop Arrive AI's patented mailbox-as-a-service (MaaS) platform, which provides a receptacle for package deliveries and enables autonomous last-mile deliveries.

  • Analyst QuickTake: Arrive AI has successfully utilized crowdfunding campaigns to raise capital, which marks the conclusion of its third such campaign. The company has raised over USD 6 million in these three funding rounds.

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