Curated News
By: NewsRamp Editorial Staff
May 22, 2025
VIPC Invests in Rising Tide to Transform Logistics with AI
TLDR
- The Virginia Innovation Partnership Corp.'s investment in Rising Tide offers businesses a competitive edge by streamlining last-mile delivery and home services logistics with AI.
- Rising Tide's platform uses AI and intelligent automation to replace outdated batch systems, optimizing dispatch, routing, and administrative tasks for logistics and home services.
- By investing in Rising Tide, VIPC supports technology that enhances Virginia's innovation economy, improving efficiency in logistics and home services for a better tomorrow.
- Discover how Rising Tide, backed by VIPC, is revolutionizing last-mile logistics and home services with cutting-edge AI and automation technology.
Impact - Why it Matters
This investment signifies a major step forward in addressing inefficiencies in last-mile delivery and home services logistics, sectors critical to both businesses and consumers. By leveraging AI and automation, Rising Tide's platform promises to reduce costs and improve operational efficiency, benefiting a wide range of industries and potentially leading to faster, more reliable services for end-users. This move also highlights Virginia's growing role as a hub for technological innovation and startup growth.
Summary
The Virginia Innovation Partnership Corp. (VIPC), a key player in fostering Virginia's innovation economy, has made a strategic investment in Rising Tide, a promising SaaS startup based in Richmond, Va. This investment, part of Rising Tide's $1.2 million seed round, was facilitated through VIPC's venture capital program, Virginia Venture Partners (VVP). Rising Tide is revolutionizing last-mile delivery and home services logistics with its AI and intelligent automation platform, aiming to replace outdated systems with more efficient solutions.
Joe Benevento, VIPC's President and CEO, highlighted the alignment of this investment with their mission to bolster Virginia's innovation landscape. Rising Tide's founder and CEO, Jeff Corbett, shared his vision for solving systemic inefficiencies in logistics, with VIPC's support accelerating their technology's reach to businesses in need. Jennifer O’Daniel, VIPC's senior investment director, praised Rising Tide's potential to deliver significant operational improvements and cost savings, underscoring the startup's value to the logistics and home services sectors.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, VIPC Invests in Rising Tide to Transform Logistics with AI
