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Raft - About the company

Raft is a series B company based in London (United Kingdom), founded in 2017 by James Coombes. It operates as a Developer of agentic software platforms for automating supply chain operations. Raft has raised $30M in funding from investors like Eight Roads Ventures, Bessemer Venture Partners and Booom. The company has 852 active competitors, including 80 funded and 56 that have exited. Its top competitors include companies like WiseTech Global, Kale Logistics Solutions and Descartes.

Company Details

Developer of agentic software platforms for automating supply chain operations. This technology centralizes fragmented data to create a unified source of truth for logistics organizations. The software enables the deployment of autonomous agents to manage tasks such as customs documentation, invoice processing, and shipment tracking. By integrating with existing management systems, the platform coordinates workflows across departments to execute repetitive administrative functions without manual intervention. The system provides visibility into operational processes and applies rules-based logic to handle complex logistics requirements.
Website
raft.ai
Social
X
Email ID
*****@raft.ai
Key Metrics
Founded Year
2017
Location
Stage
Series B
Total Funding
$30M in 2 rounds
Latest Funding Round
Ranked
Employee Count
131 as on Jul 31, 2026
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Raft's funding and investors

Raft has raised a total funding of $30M over 2 rounds. Its latest funding round was a Series B round on Jul 10, 2023 for $*****. 6 investors participated in its latest round. Raft has 6 institutional investors.

Here is the list of recent funding rounds of Raft:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jul 10, 2023
3364163
Series B
1544975
2945196
4825970
8451287
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Raft's founders and board of directors

Founder? Claim Profile
The founders of Raft is James Coombes. James Coombes is the CEO of Raft.
Here are the details of Raft's key team members:

Raft's Board of Directors

Raft's board has 3 active members. James Coombes, Nisarg Mehta and Michael Treskow are independent board members.
Here is the list of Raft's board of directors:
Name
Type
Representing
Status
Duration
Independent board member
-
Current
8y 9m
ofleqeb
Independent board member
-
Current
7y 6m
{xihvmx
Independent board member
-
Current
9y 3m

Raft's employee count trend

Raft has 131 employees as of Jul 26. Here is Raft's employee count trend over the years:
Employee count trend for Raft
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Raft's Competitors and alternates

Top competitors of Raft include WiseTech Global, Kale Logistics Solutions and Descartes. Here is the list of Top 10 competitors of Raft, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for WiseTech Global
WiseTech Global
1994, Alexandria (Australia), Public
Provider of a cloud-based logistics software suite
$35M
74/100
2nd
Logo for Kale Logistics Solutions
Kale Logistics Solutions
2010, Thane (India), Series B
Provider of cloud-based platforms for logistics, ports, and trade facilitation
$40.1M
71/100
3rd
Logo for Descartes
Descartes
1981, Waterloo (Canada), Public
Provider of cloud-based solutions for logistics and supply chain management
-
64/100
4th
Logo for Magaya Corporation
Magaya Corporation
2001, Miami (United States), Late Stage
Provider of cloud-based supply chain and logistics software for businesses
-
63/100
5th
Logo for Senior Sistemas
Senior Sistemas
1988, Blumenau (Brazil), Unfunded
Provider of enterprise resource planning, supply chain, and human capital solutions
-
-
63/100
6th
Logo for DispatchTrack
DispatchTrack
2011, Saratoga (United States), Late Stage
AI-powered last mile delivery software optimizing logistics and customer experience
$144M
62/100
7th
Logo for Raft
Raft
2017, London (United Kingdom), Series B
Developer of agentic software platforms for automating supply chain operations
$30M
60/100
8th
Logo for RXO
RXO
1998, San Francisco (United States), Public
Cloud based platform providing freight forwarding solutions
-
-
60/100
9th
Logo for Vector AI
Vector AI
2017, London (United Kingdom), Series A
AI & web-based automated freight forwarding and management solution for the logistics industry
$15M
60/100
10th
Logo for Bearing.ai
Bearing.ai
2018, Palo Alto (United States), Series A
Provider of AI-powered platform for optimizing maritime shipping operations
$7M
57/100
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Raft's Investments and acquisitions

Raft has made no investments or acquisitions yet.

Reports related to Raft

Here is the latest report on Raft's sector:

News related to Raft

Media has covered Raft for 1 event in last 1 year, It was about company updates.
Raft.ai’s $30 Million Series B Funding RoundGlobal Legal ChronicleAug 01, 2023Raft
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