London-based Relay, founded in 2022, has secured $35M in Series A funding led by Plural to revolutionize e-commerce delivery. This funding will enable Relay to expand its delivery network and enhance its engineering teams. The company employs an AI-powered platform for a decentralized delivery model, significantly reducing shipping distances and operational costs. Co-founders Jonathan Jenssen and Nicole Mazza aim to address the challenges of last-mile delivery, emphasizing that logistics involves complex psychological and mathematical elements, rather than just transportation.
The company's AI-powered platform enables a decentralised delivery model using hyperlocal nodes, moving away from the inefficient 'hub and spoke' model used by incumbents.
Jonathan Jenssen, co-founder and CEO of Relay, explains that logistics isn't just about transportation but a psychological problem grounded in complicated mathematics.
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