Draper Associates Makes Strategic Investment in Logic, Revolutionizing Logistics with Automation
Draper Associates, a prominent venture capital firm, has announced a strategic investment in Logic, an innovative logistics automation company leading the charge in reshaping the industry. This investment positions Logic to advance its vision of achieving fully autonomous supply chains through the integration of digital twins, artificial intelligence, and cost-effective robotics.
Renowned venture capitalist and Draper Associates founder Tim Draper expressed his enthusiasm for supporting Logic and its groundbreaking logistics approach. Draper sees Logic’s combination of digital twins, AI, and affordable robotics as a game-changer, paving the way for fully automated supply chains. Tim Draper stated, “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.”
Logic’s Founder & CEO, Michael Santora, expressed deep gratitude for Tim Draper and Draper Associates’ support, highlighting the legendary investor’s endorsement as a powerful validation of the transformative impact Logic is making in the logistics world.
The investment from Draper Associates will provide the fuel needed for Logic’s growth and expedite the development of their innovative solutions. Logic is on track to significantly impact the logistics industry by enhancing efficiency, reducing costs, minimizing emissions, and ushering in a new era of automation.